Day: January 29, 2021

Bioplastics Market Size to Reach USD 19.93 Billion by 2026; to Increasing Demand from Food and Pharmaceutical Industries; Says Fortune Business Insights™

Written by Customer Service on January 29, 2021. Posted in Mergers And Acquisitions.

Pune, India, Jan. 29, 2021 (GLOBE NEWSWIRE) — As per the report published by Fortune Business Insights™, the global bioplastics market size will exhibit a CAGR of 16.2% and reach USD 19.93 billion by 2026. The forecast period is set from 2019 to 2026, and the market value as per 2018 was USD 6.04 billion.The global bioplastics market is anticipated to witness promising growth on account of the rising awareness about environmental protection worldwide. Fortune Business Insights™ in their report titled, “Bioplastics Market Size, Share & Industry Analysis, By Type (Biodegradable and Non-biodegradable), By Application (Rigid Packaging, Flexible Packaging, Textiles, Automotive & Transportation, Agriculture & Horticulture, Consumer Goods, and Others), and Regional Forecast, 2019-2026,” offers a detailed analysis of the...

Level One Bancorp, Inc. reports fourth quarter 2020 net income of $8.4 million, representing $1.02 diluted earnings per common share

Written by Customer Service on January 29, 2021. Posted in Earnings Releases And Operating Results.

FARMINGTON HILLS, Mich., Jan. 29, 2021 (GLOBE NEWSWIRE) — Level One Bancorp, Inc. (“Level One”) (Nasdaq: LEVL) today reported financial results for the fourth quarter of 2020, which included net income of $8.4 million, or $1.02 diluted earnings per common share. This compares to net income of $5.2 million, or $0.67 diluted earnings per common share, in the preceding quarter and $4.7 million, or $0.60 diluted earnings per common share, in the fourth quarter of 2019.Patrick J. Fehring, President and Chief Executive Officer of Level One, commented, “We are pleased to report strong earnings for the fourth quarter of 2020. This caps another year of quality growth at Level One. In 2020, our net income was $20.4 million with diluted earnings per common share of $2.57. This was an increase of 26.70% over the prior year net income...

The First of Long Island Corporation Reports Earnings for the Quarter and Year Ended December 31, 2020

Written by Customer Service on January 29, 2021. Posted in Earnings Releases And Operating Results.

GLEN HEAD, N.Y., Jan. 29, 2021 (GLOBE NEWSWIRE) — The First of Long Island Corporation (Nasdaq: FLIC), the parent company of The First National Bank of Long Island, reported net income and earnings per share for the quarter and year ended December 31, 2020. In the highlights that follow, all comparisons are of the current quarter or year to the same period last year unless otherwise indicated.FOURTH QUARTER HIGHLIGHTSNet Income and EPS were $10.5 million and $.44, respectively, compared to $9.2 million and $.38ROA and ROE were 1.03% and 10.40%, respectively, compared to .88% and 9.32%Net interest margin increased 7 basis points to 2.64% for the fourth quarter and full year periodsCash Dividends Per Share increased 5.6% to $.19 from $.18Cost of interest-bearing deposits declined 68 basis points to .69% and cost of interest-bearing...

Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2020 Financial Results

Written by Customer Service on January 29, 2021. Posted in Earnings Releases And Operating Results.

ALEXANDRIA, La., Jan. 29, 2021 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2020.Net income for the fourth quarter of 2020 was $7.3 million, or $0.99 per diluted common share (“EPS”), consistent with the $7.3 million, or $0.99 EPS, for the third quarter of 2020, and an increase of $518,000, or 7.7%, compared to $6.7 million, or $0.92 EPS, for the fourth quarter of 2019. For the fourth quarter of 2020, the quarterly return on assets was 1.13% and the quarterly return on equity was 10.23%.Net income for the twelve months ended December 31, 2020, was $28.1 million, or $3.83 EPS, an increase of $3.3 million, or 13.4%, compared to $24.8 million, or $3.49 EPS, for...

Clarus Announces $0.025 Per Share Quarterly Dividend

Written by Customer Service on January 29, 2021. Posted in Dividend Reports And Estimates.

SALT LAKE CITY, Jan. 29, 2021 (GLOBE NEWSWIRE) — Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a company focused on the outdoor and consumer industries, announced that its board of directors has confirmed the Company’s regular quarterly cash dividend of $0.025 per share.The cash dividend will be paid on February 19, 2021, to all stockholders of record as of February 8, 2021.About Clarus CorporationHeadquartered in Salt Lake City, Utah, Clarus Corporation is a leading developer, manufacturer and distributor of best-in class outdoor equipment and lifestyle products focused on the climb, ski, mountain, and sport markets. With a strong reputation for innovation, style, quality, design, safety and durability, Clarus’ portfolio of iconic brands includes Black Diamond®, Sierra®, Barnes®, PIEPS®, and SKINourishment®...

Auburn National Bancorporation, Inc. Reports Full Year Net Earnings of $7.5 million, or $2.09 per share; Quarterly Net Earnings of $2.1 million, or $0.58 per share

Written by Customer Service on January 29, 2021. Posted in Dividend Reports And Estimates.

Full Year 2020 Results:Net interest margin decreased to 2.92% in 2020, compared to 3.43% in 2019Mortgage lending income increased by $1.5 million in 2020, or 168%, compared to 2019Funded 423 loans in 2020 for $36.5 million under the Paycheck Protection Program (“PPP”), supporting an estimated 5,500 jobsProvision for loan losses increased to $1.1 million in 2020, compared to a negative provision of $0.3 million in 2019 primarily due to risks resulting from the Coronavirus (“COVID-19”) pandemicThe allowance for loan losses to total loans increased to 1.22% in 2020, compared to 0.95% at year-end 2019Named a “Banking Performance Powerhouse” by Bank Director in their 2021 ‘RankingBanking’ studyAUBURN, Ala., Jan. 29, 2021 (GLOBE NEWSWIRE) — Auburn National Bancorporation (Nasdaq: AUBN) reported quarterly net earnings of $2.1 million,...

Northland Power Announces Acquisition of a 49% Interest in Baltic Power Offshore Wind Project in Poland With Potential Capacity of Up to 1200 MW

Written by Customer Service on January 29, 2021. Posted in Public Companies.

TRANSACTION HIGHLIGHTSContinuation of Northland’s strategy of leveraging its top ten offshore wind sector position globally to expand its offshore wind portfolioPartnership delivers scale and opportunity to enter growing offshore wind market in Central EuropePoland provides an attractive investment destination, with clear roadmap for offshore wind and other renewable technologies such as onshore wind and solarProject expected to benefit from long-term, 25-year revenue contractStrategic partner PKN ORLEN, Poland’s largest company provides significant local presenceTORONTO, Jan. 29, 2021 (GLOBE NEWSWIRE) — Northland Power Inc. (“Northland”) (TSX: NPI) announced today that it has entered into an agreement with PKN ORLEN S.A. (“PKN ORLEN”) (WSE: PKN) to acquire a 49% interest (subject to regulatory approvals) in the Baltic...

Twin Disc, Inc. Announces Fiscal 2021 Second Quarter Financial Results

Written by Customer Service on January 29, 2021. Posted in Earnings Releases And Operating Results.

Challenging market conditions continue due to the global COVID-19 crisisProduction begins at new Lufkin, TX manufacturing facilityGenerated $3.5 million of operating cash flow for the three months ended December 25, 2020Six-month backlog at December 25, 2020 was $74.9 million, up approximately 12% from June 30, 2020RACINE, Wis., Jan. 29, 2021 (GLOBE NEWSWIRE) — Twin Disc, Inc. (NASDAQ: TWIN), today reported financial results for the fiscal 2021 second quarter and first half ended December 25, 2020.Sales for the fiscal 2021 second quarter were $48.4 million, compared to $59.5 million for the same period last year. The 18.6% decrease in fiscal 2021 second quarter net sales was primarily due to year-over-year softness in the Company’s oil and gas, industrial, and marine markets, and the continued impacts the COVID-19 crisis is having...

Northway Financial, Inc. Announces 2020 Earnings and Declares Semi-Annual Dividend

Written by Customer Service on January 29, 2021. Posted in Dividend Reports And Estimates.

NORTH CONWAY, N.H., Jan. 29, 2021 (GLOBE NEWSWIRE) — Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the year ended December 31, 2020 of $5.2MM, or $1.91 per basic common share.The Board of Directors declared a semi-annual cash dividend of $0.35 per share, payable on February 16, 2021, to common stockholders of record on February 8, 2021.President and CEO William J. Woodward commented: “2020 was one of the most challenging years in our long history of providing community banking services to the residents of New Hampshire. The pandemic effected every part of our Bank and required us to adapt to a constantly changing environment. I am extremely proud of our entire organization in pulling together to meet our customers’ needs. For the first time...

BIGG Digital Assets Inc. Purchases Additional 24.3 Bitcoins for Netcoins Operational Float; Total Bitcoin Treasury Reaches 239.3 BTC

Written by Customer Service on January 29, 2021. Posted in Mergers And Acquisitions.

VANCOUVER, British Columbia, Jan. 29, 2021 (GLOBE NEWSWIRE) — BIGG Digital Assets Inc. (“BIGG” or the “Company”) (CSE: BIGG; OTCQB: BBKCF; WKN: A2PS9W), owner of Netcoins (Netcoins.ca) (“Netcoins”), the online cryptocurrency brokerage that makes it easy for Canadians to buy, sell, and understand cryptocurrency, and owner of Blockchain Intelligence Group (“BIG”), a leading developer of Blockchain technology search, risk-scoring and data analytics solutions, is pleased to announce that it has acquired 24.3 additional Bitcoins which will be used for Netcoins operational float, and also become part of BIGG’s long term treasury holdings. BIGG purchased the Bitcoins at a cost of CAD $41,164 per BTC, for a total investment of CAD $1,000,000.This purchase, added to BIGG’s existing Bitcoin holdings, brings the treasury...

Day: January 29, 2021

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