Day: January 20, 2021

Plexus Announces Fiscal First Quarter Financial Results

Written by Customer Service on January 20, 2021. Posted in Earnings Releases And Operating Results.

Fiscal first quarter 2021 revenue of $830 millionGAAP diluted EPS of $1.23Initiates fiscal second quarter 2021 revenue guidance of $860 to $900 million with GAAP diluted EPS of $1.17 to $1.32NEENAH, Wis., Jan. 20, 2021 (GLOBE NEWSWIRE) — Plexus (NASDAQ: PLXS) today announced financial results for our fiscal first quarter ended January 2, 2021, and guidance for our fiscal second quarter ending April 3, 2021.Fiscal First Quarter 2021 InformationWon 35 manufacturing programs during the quarter representing $223 million in annualized revenue when fully ramped into productionTrailing four quarter wins total a record $1 billion in annualized revenue when fully ramped into productionPurchased $22.8 million of our shares at an average price of $74.16 per share under our existing share repurchase programs. There remains $82.6 million outstanding...

Sterling Bancorp announces results for the fourth quarter and full year 2020. Diluted income per share available to common stockholders in the fourth quarter of $0.38 (as reported) and $0.49 (as adjusted).

Written by Customer Service on January 20, 2021. Posted in Earnings Releases And Operating Results.

Key Performance HighlightsAdjusted PPNR excluding accretion income1, 2 of $130.3 million; increased $7.0 million, or 5.7% over linked quarter.Adjusted total revenue1 was $256.1 million; an increase of $10.5 million, or 4.3% over linked quarter.Net interest margin excluding accretion income1 of 3.25%, an increase of 15 basis points (“bps”) over the linked quarter.Earning asset yields increased by six bps to 3.69% while cost of funding liabilities decreased by nine bps to 33 bps.Total commercial loans were $20.0 billion, an increase of 5.5% over a year ago.Total deposits were $23.1 billion, an increase of 3.1% over a year ago.Total core deposits were $21.5 billion, an increase of 4.5% over a year ago.Adjusted non-interest expense1 was $110.1 million, an increase of $4.3 million relative to the linked quarter. Adjusted operating efficiency...

Rotor Acquisition Corp. Announces Closing of Upsized $276,000,000 Initial Public Offering

Written by Customer Service on January 20, 2021. Posted in Public Companies.

NEW YORK, Jan. 20, 2021 (GLOBE NEWSWIRE) — Rotor Acquisition Corp. (the “Company”) announced today that it consummated its upsized initial public offering of 27,600,000 units, including the full 3,600,000 units subject to the underwriters’ over-allotment option, at $10.00 per unit, generating total proceeds of $276,000,000. The units were listed on the New York Stock Exchange (“NYSE”) under the ticker symbol “ROT.U” and began trading on Friday, January 15, 2021,. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading,...

Fintech Acquisition Corp. V Class a Common Shares and Warrants to Commence Trading Separately on January 25, 2021

Written by Customer Service on January 20, 2021. Posted in Public Companies.

PHILADELPHIA, PA, Jan. 20, 2021 (GLOBE NEWSWIRE) — FinTech Acquisition Corp. V (NASDAQ: FTCVU) (the “Company”), a blank-check company formed for the purpose of acquiring or merging with one or more businesses, today announced that the holders of the Company’s units may elect to separately trade the Class A common shares and warrants underlying the units commencing on January 25, 2021. Those units not separated will continue to trade on the NASDAQ Capital Market under the symbol “FTIVU” and the Class A common shares and warrants are expected to trade under the symbols “FTIV” and “FTIVW”, respectively.A registration statement relating to the units and the underlying securities was declared effective by the Securities and Exchange Commission on December 3, 2020. This press release shall not constitute an offer to sell or the solicitation...

Atico Reports 2020 Fourth Quarter and Full Year Production Results

Written by Customer Service on January 20, 2021. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 20, 2021 (GLOBE NEWSWIRE) — Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY | OTC: ATCMF) is pleased to announce operating results for the three and twelve month periods ended December 31, 2020 from its El Roble mine. Production totaled 5.22 million pounds of copper with 2,809 ounces of gold for the fourth quarter (“Q4 2020”) and 20.66 million pounds of copper with 10,792 ounces of gold in concentrates for the full year 2020.“First and foremost, I would like to commend and extend appreciation to all of our employees for their hard work and dedication as we continued to operate safely during these extremely challenging circumstances,” said Fernando E. Ganoza, CEO. “The Company delivered strong production results for the year, achieving the set production guidance despite having to...

Orrstown Financial Services, Inc. Reports Fourth Quarter and Full Year 2020 Results

Written by Customer Service on January 20, 2021. Posted in Earnings Releases And Operating Results.

Diluted fourth quarter 2020 EPS of $0.91 per share versus $0.45 per share in the third quarter of 2020 due to robust revenue growth combined with expense reductions; full year diluted EPS of $2.40 per shareTangible book value per share(1) increased to $19.93 at December 31, 2020 from $18.70 at September 30, 2020 and $17.65 at December 31, 2019, an increase of 12.9% for fiscal year 2020Small Business Administration Paycheck Protection Program (“SBA PPP”) portfolio averaged $443 million in the three months ended December 31, 2020; $5.8 million of unearned net processing fees at December 31, 2020Continued efforts to assist clients, employees and communities affected by COVID-19; active participant in new round of SBA PPP lending in January 2021Net interest income solidly higher at $23.7 million in the three months ended December...

Communities First Financial Corporation Earnings Increase 27% to $3.25 Million for 4Q-2020 from $2.98 Million for 4Q-2019; Earns $11.51 Million for the Full Year of 2020

Written by Customer Service on January 20, 2021. Posted in Earnings Releases And Operating Results.

FRESNO, Calif., Jan. 20, 2021 (GLOBE NEWSWIRE) — Communities First Financial Corporation (the “Company”) (OTCQX: CFST), the parent company of Fresno First Bank (the “Bank”), today reported net income increased 27% to $3.25 million, or $1.07 per diluted share for the fourth quarter of 2020 (4Q-2020), compared to $2.98 million, or $0.86 per diluted share, for the fourth quarter of 2019 (4Q-2019), and grew 8% from $3.02 million, or $1.00 per diluted share, for the third quarter of 2020 (3Q-2020). For the year ended December 31, 2020, net income increased 25% to $11.51 million, or $3.79 per diluted share, compared to $9.20 million, or $3.09 per diluted share, for the year ended December 2019. All results are unaudited.Highlights: As of, or for the quarter ended December 31, 2020, compared to quarter ended December 31, 2019:Pre-tax,...

Healthcare Capital Corp. Announces Closing of Upsized $275,000,000 Initial Public Offering

Written by Customer Service on January 20, 2021. Posted in Public Companies.

Wilmington, DE, Jan. 20, 2021 (GLOBE NEWSWIRE) — Healthcare Capital Corp. (the “Company”) announced today that it closed its upsized initial public offering of 27,500,000 units at $10.00 per unit, including 3,500,000 units issued pursuant to an exercise by the underwriters of their over-allotment option, resulting in gross proceeds of $275,000,000.The Company’s units are listed on the Nasdaq Capital Market (“Nasdaq”) and commenced trading under the ticker symbol “HCCCU” on January 14, 2021. Each unit consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Only whole warrants are exercisable and will trade. Once the securities comprising the units begin separate trading,...

Clearfield Sets Fiscal First Quarter 2021 Earnings Call for Thursday, January 28, 2021 at 5:00 p.m. ET

Written by Customer Service on January 20, 2021. Posted in Public Companies.

MINNEAPOLIS, Jan. 20, 2021 (GLOBE NEWSWIRE) — Clearfield, Inc. (NASDAQ: CLFD), the specialist in fiber management for communication service providers, will hold a conference call on Thursday, January 28, 2021 at 5:00 p.m. Eastern time (4:00 p.m. Central time) to discuss its financial results for the fiscal first quarter ended December 31, 2020.Financial results will be issued in a press release and the company’s FieldReport prior to the call, which will be available in the investor relations section of the company’s website. Comprised of presentation slides that will be used throughout the call, the FieldReport will provide additional insight into the company’s financial and operational performance.Clearfield’s President and CEO Cheri Beranek and CFO Dan Herzog will host the presentation, followed by a question and answer period.Date:...

Monolithic Power Systems to Report Fourth Quarter and Full Year Results on February 4, 2021

Written by Customer Service on January 20, 2021. Posted in Public Companies.

Kirkland, Wash., Jan. 20, 2021 (GLOBE NEWSWIRE) — Monolithic Power Systems (MPS) (Nasdaq: MPWR), a leading company in high performance analog solutions, today announced plans to report its financial results for the fourth quarter and year ended December 31, 2020.MPS will report its results after the market closes on Thursday, February 4th and host its quarterly conference at 2:00 p.m. PT / 5:00 p.m. ET. The live event will be held via a Zoom webinar, which can be accessed free of charge at https://mpsic.zoom.us/j/98817942109.A replay of the event will be available for one year under the Investor Relations website at www.monolithicpower.com two hours after the live event has concluded.About Monolithic Power Systems, Inc.Monolithic Power Systems, Inc. (MPS) provides small, highly energy efficient, easy-to-use power solutions for systems...

Day: January 20, 2021

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