Day: January 28, 2021

Aeterna Zentaris Expands Orphan Drug Development Pipeline with Targeted Immunosuppressive Therapeutics

Written by Customer Service on January 28, 2021. Posted in Public Companies.

– Company licenses exclusive worldwide rights to develop, manufacture and commercialize targeted, highly specific immunosuppressive therapeutic proteins for the potential treatment of neuromyelitis optica spectrum disorder (“NMOSD”) from Julius-Maximilians-University of Wuerzburg, Germany– Initial step in growth strategy to build-out pipeline of assets– Aeterna Zentaris to develop potential therapeutic treatment option for neuromyelitis optica spectrum disorder (“NMOSD”), an orphan indication with strong unmet medical need and significant market opportunityCHARLESTON, S.C., Jan. 28, 2021 (GLOBE NEWSWIRE) — Aeterna Zentaris Inc. (NASDAQ: AEZS) (TSX: AEZS), through its wholly-owned subsidiary Aeterna Zentaris GmbH, (“Aeterna” or the “Company”), a specialty biopharmaceutical company commercializing and developing...

The Tribbioli Simone Group Our Values, Our Mission, Our Pledge

Written by Customer Service on January 28, 2021. Posted in Public Companies.

The Tribbioli Simone Group; Our values, our mission, our pledge Our Values -Client First We take care of our clients and their financial well-being. Only when we help them achieve success do we achieve our own. -Conservatism We take a long-term approach. Discipline in decision making translates to a strong, stable firm for clients, advisors, associates and shareholders. -Independence We value our independence as a company and respect the right of professionals who affiliate with us to make decisions in the best interests of their clients. -Integrity We are forthright in our approach and earn each client’s trust. Our Mission Our business is people and their financial well-being. Therefore, in the pursuit of our goals, we will conduct ourselves in accordance with the following precepts: Our clients always come first. -We must provide the...

Carpenter Technology Reports Second Quarter Fiscal Year 2021 Results

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

Generated $84 million of operating cash flow; free cash flow of $51 millionTotal liquidity of $665 million including $271 million of cash on handPHILADELPHIA, Jan. 28, 2021 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal second quarter ended December 31, 2020. For the quarter, the Company reported a net loss of $84.9 million, or $1.76 loss per diluted share. Excluding special items, adjusted loss per diluted share was $0.61 for the quarter.“Our second quarter results reflect our continued emphasis on driving cash flow generation as we ended the second quarter with $665 million in total liquidity including $271 million in cash,” said Tony R. Thene, President and CEO of Carpenter Technology. “Over the last nine months, we have generated $214 million in...

First Mid Bancshares, Inc. Announces Fourth Quarter and Full Year 2020 Results

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

MATTOON, Ill., Jan. 28, 2021 (GLOBE NEWSWIRE) — First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter and full year period ended December 31, 2020.HighlightsRecord quarterly net income of $13.6 million, or $0.81 diluted EPSReceived regulatory approval on pending acquisition of LINCO Bancshares, Inc. (“LINCO”)Assisted customers on the forgiveness of $93.4 million in Paycheck Protection Program (“PPP”) loansAnnounced branch optimization plan with completion now anticipated by mid-year 2021Wealth Management assets under management increased 7% for the year to $4.5 billionAnnouncing change to quarterly dividend from semi-annual dividend beginning in 2021“2020 was an incredible year with a combination of significant challenges and tremendous opportunities,” said Joe Dively, Chairman...

Valley National Bancorp Reports Strong Fourth Quarter Net Income Driven by a 21 Percent Increase in Net Interest Income

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) — Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the fourth quarter 2020 of $105.4 million, or $0.25 per diluted common share, as compared to the fourth quarter 2019 earnings of $38.1 million, or $0.10 per diluted common share, and net income of $102.4 million, or $0.25 per diluted common share, for the third quarter 2020. Excluding all non-core charges, our adjusted net income (a non-GAAP measure) was $113.4 million, or $0.27 per diluted common share, for the fourth quarter 2020, $90.7 million, or $0.24 per diluted common share, for the fourth quarter 2019, and $104.2 million, or $0.25 per diluted common share, for the third quarter 2020. See further details below, including a reconciliation of our adjusted net income in...

First Merchants Corporation Announces Fourth Quarter 2020 Earnings Per Share

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

MUNCIE, Ind., Jan. 28, 2021 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) has reported fourth quarter 2020 net income of $45.1 million compared to $47.8 million during the same period in 2019. Earnings per share for the period totaled $.83 per share compared to fourth quarter 2019 result of $.87 per share. Net income for the year ended December 31, 2020 totaled $148.6 million, compared to $164.5 million during the same period in 2019. Year-to-date earnings per share totaled $2.74 compared to $3.19 in 2019.Total assets equaled $14.1 billion as of year-end and loans totaled $9.2 billion. The Corporation’s loan portfolio increased by $789 million, or 9.2 percent, during 2020. Paycheck Protection Program (“PPP”) loans accounted for $667 million of the year’s loan growth. Investments increased $551 million, or...

Sunstock Inc. Announces Revenues for Third Quarter and Nine Months, 2020

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

SACRAMENTO, Calif., Jan. 28, 2021 (GLOBE NEWSWIRE) — Sunstock Inc. (OTC: SSOK), involved in the buying, selling and distribution of precious metals, today announces year-over-year increases revenues for the three and nine months ended Sept. 30, 2020.Revenue for third quarter 2020 increased 25% to $2.5 million compared to $2.0 million reported for the comparable quarter of 2019.Revenue for the nine-month period ended Sept. 30, 2020, was $7.5 million, an increase of 92% compared to revenue of $3.9 million in the comparable period of 2019. The nine-month 2020 performance exceeds full-year 2019 revenue of $6.1 million and represents the Company’s highest nine-month revenue since 2013.Sunstock projects continued revenue growth through 2021 as it continues to expand its inventory of gold and silver assets. The Company operates Mom’s Silver...

Lakeland Bancorp Announces Quarterly and Year-End 2020 Earnings; Updates Loan Deferrals and Share Repurchase Plan

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

OAK RIDGE, N.J. , Jan. 28, 2021 (GLOBE NEWSWIRE) — Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the “Company”), the parent company of Lakeland Bank (“Lakeland”), reported net income of $18.8 million and earnings per diluted share (“EPS”) of $0.37 for the three months ended December 31, 2020, compared to net income of $14.4 million and diluted earnings per share of $0.28 for the third quarter of 2020 and net income of $18.7 million and diluted EPS of $0.37 for the fourth quarter of 2019. For the fourth quarter of 2020, annualized return on average assets was 0.98%, annualized return on average common equity was 9.96% and annualized return on average tangible common equity was 12.64%.For the year ended December 31, 2020, the Company reported net income of $57.5 million, a 19% decrease compared to $70.7 million for the same period...

PCSB Financial Corporation Announces Second Fiscal Quarter Financial Results and Declares Quarterly Cash Dividend

Written by Customer Service on January 28, 2021. Posted in Earnings Releases And Operating Results.

YORKTOWN HEIGHTS, N.Y., Jan. 28, 2021 (GLOBE NEWSWIRE) — PCSB Financial Corporation (the “Company”) (NASDAQ: PCSB), parent of PCSB Bank (the “Bank”), today announced net income of $2.7 million, or $0.18 per diluted share, for the three months ended December 31, 2020 compared to $2.7 million, or $0.18 per diluted share, for the three months ended September 30, 2020 and $2.4 million, or $0.14 per diluted share, for the three months ended December 31, 2019. Net income was $5.4 million, or $0.36 per diluted share, for the six months ended December 31, 2020, compared to $5.2 million, or $0.32 per diluted, for the six months ended December 31, 2019.On a non-GAAP basis, which excludes certain nonrecurring items, the Company recorded adjusted net income of $2.6 million, or $0.17 per diluted share, for the three months ended December 31,...

Spectrum Global Solutions Announces Definitive Agreement to Merge with High Wire Networks

Written by Customer Service on January 28, 2021. Posted in Mergers And Acquisitions.

Merger Unveils Transformative Plan for The CompanyBOCA RATON, Fla., and BATAVIA, Ill. , Jan. 28, 2021 (GLOBE NEWSWIRE) — Spectrum Global Solutions Inc. (the “Company” or “Spectrum”) (OTCQB: SGSI), a single-source provider of next-generation communications network and professional services to telecommunications and enterprise markets, announces today the Company’s entry into a definitive agreement of merger (the “Agreement”) with High Wire Networks Inc. (“High Wire”). The closing of the transaction is subject to certain closing conditions set forth in the Agreement. High Wire is a global provider of managed security, professional services and commercial/industrial electrical solutions delivered exclusively through a channel sales model. High Wire’s Overwatch managed security platform-as-a-service offers organizations...

Day: January 28, 2021

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