Month: January 2021

Bay Community Bancorp Fourth Quarter Earnings Increase 49% to a Record $1.58 Million; Full Year 2020 Earnings Increase 20% to a Record $4.89 Million

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

OAKLAND, Calif., Jan. 29, 2021 (GLOBE NEWSWIRE) — Bay Community Bancorp, (OTCPink: CBOBA) (the “Company”), parent company of Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank with full-service offices in Oakland, Danville and San Mateo, today reported record net income for both the fourth quarter and the full year ended December 31, 2020. Earnings increased 49.1% to $1.58 million for the fourth quarter of 2020, compared to $1.06 million for the fourth quarter of 2019. For the year 2020, net income increased 20.1% to a record $4.89 million, compared to $4.07 million in 2019. All financial results are unaudited.“We produced record results for the quarter and for the year, with higher net interest income, double digit loan and deposit growth and most importantly, stable credit quality,” stated William...

Schneider National, Inc. Announces Quarterly Dividend

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

Green Bay, Jan. 29, 2021 (GLOBE NEWSWIRE) — Schneider (NYSE: SNDR), a premier provider of trucking, intermodal and logistics services announced today that on January 28, 2021, its Board of Directors declared a quarterly cash dividend of $0.07 per share on its Class A and Class B common stock, payable to shareholders of record as of March 12, 2021. The dividend is expected to be paid on April 8, 2021.About SchneiderSchneider is a premier provider of transportation and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.With nearly $5 billion in annual revenue, Schneider has been safely delivering superior customer experiences...

ACNB Corporation Reports 2020 Financial Results

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

Fourth Quarter and Year-End 2020 HighlightsNet income for the three months ended December 31, 2020, totaled $7,049,000, which is an increase of $1,968,000 or 38.7% over comparable period results for the three months ended December 31, 2019. Basic earnings per share was $0.81 and $0.72 for the three months ended December 31, 2020 and 2019, respectively.Net income for the year ended December 31, 2020, totaled $18,394,000, with basic earnings per share of $2.13. This reflects a decrease of $5,327,000 or 22.5% below comparable period results for the year ended December 31, 2019, and is due primarily to one-time merger-related expenses of $5,965,000 in connection with the Frederick County Bancorp, Inc. (FCBI) acquisition and a higher provision for loan losses of $9,140,000 resulting mainly from the increased risk due to the Coronavirus Disease...

Diana Shipping Inc. Announces Preliminary Results of Self Tender Offer for Shares of Common Stock

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

ATHENS, Greece, Jan. 29, 2021 (GLOBE NEWSWIRE) — Diana Shipping Inc. (NYSE: DSX) (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced the preliminary results of its tender offer to purchase up to 6,000,000 shares of its common stock, par value $0.01 per share, at a price of $2.50 per share, net to the seller in cash, less any applicable withholding taxes and without interest. The tender offer expired at 5:00 P.M., Eastern Time, on January 28, 2021.Based on a preliminary count by Computershare Trust Company, N.A., the depositary for the tender offer, the total number of shares tendered in the tender offer was 9,711,973.2069 shares. In addition, there were 238,692 shares tendered pursuant to the guaranteed delivery procedure described in the tender offer documents. Because the...

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,...

Month: January 2021

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