Month: January 2021
Fourth quarter 2020 ROTCE of 16.7%; Adjusted ROTCE of 18.2%*2020 net income available to common stockholders of $822 million, or EPS of $1.89; $528 million, or EPS of $1.22, on an Adjusted basis*Tangible book value per share of $10.23 up 3% in the quarterMEMPHIS, Tenn., Jan. 22, 2021 (GLOBE NEWSWIRE) — First Horizon Corporation (NYSE: FHN or “First Horizon”) today reported fourth quarter 2020 net income available to common shareholders (“NIAC”) of $234 million, or earnings per share of $0.42, compared with third quarter 2020 NIAC of $523 million, or earnings per share of $0.95. Fourth quarter 2020 results were reduced by a net $20 million after-tax, or $0.04 per share, of notable items largely related to the IBERIABANK Corporation Merger (“IBKC Merger”) compared with a net $331 million after-tax benefit, or $0.60 per share, in third...
Subsea 7 awarded contract offshore Angola
Written by Customer Service on . Posted in Public Companies.
Luxembourg – 22 January 2021 – Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract by Cabinda Gulf Oil Company Limited (CABGOC). The contract is for the Sanha Lean Gas Connection (SLGC) project comprising the construction and installation of the Lean Gas Platform (LGP) system in Block-0 offshore Angola, at a water depth of approximately 70 metres.Project management and engineering will be performed from Subsea 7’s offices in Paris and Lisbon. Fabrication will take place at Sonamet’s yard in Lobito, Angola from 2021 to 2022, while offshore operations will occur from 2022 and 2023.Gilles Lafaye, Senior Vice President Africa, Middle East and Caspian Region says: “We are delighted to have been awarded this contract by CABGOC, following a public tender. This is the result of a long-term collaboration...
Harbor Custom Development, Inc. Continues National Expansion into Austin Metro Housing Market
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Gig Harbor, Washington , Jan. 22, 2021 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has acquired seven developed lots in Dripping Springs, Texas; contracted to purchase nine additional finished lots in Driftwood, Texas; and contracted to purchase 44 acres for future development, all totaling $9,469,350 in the coveted Hill Country region approximately 22 miles West of Austin, Texas. Harbor Custom Homes® anticipates commencing construction of four and five bedroom homes priced from $950,000 to $1,200,000 in the Bunker Ranch and La Ventana subdivisions located in Dripping Springs and Driftwood, Texas in the second quarter of 2021....
PCI Biotech to present at RNA Therapeutics Virtual Conference
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Oslo (Norway), 22 January 2021 – PCI Biotech (OSE: PCIB), a clinical-stage biopharma company developing innovative therapeutics that address significant unmet medical needs in cancer today announced that it will present at the 12th Annual RNA Therapeutics Virtual Conference, a UK based online event taking place February 10-11, 2021. The 2021 conference is set to explore the latest developments in RNA delivery agents and RNA-based therapeutics with the latest case studies on advanced mRNA technologies, oligonucleotide delivery, therapeutic applications and future trends and innovations. PCI Biotech is also a sponsor of the event.On Wednesday, February 10, 2021 at 13:10pm (CET), Dr. Anders Høgset, CSO, will present an overview of PCI Biotech’s proprietary platform technology, focusing on the delivery of RNA molecules, including the most...
Sprague Resources LP Announces Cash Distribution for the Fourth Quarter of 2020 and Earnings Conference Call Schedule
Written by Customer Service on . Posted in Dividend Reports And Estimates.
PORTSMOUTH, N.H., Jan. 22, 2021 (GLOBE NEWSWIRE) — Sprague Resources LP (“Sprague”) (NYSE: SRLP) announced today that the Board of Directors of its general partner, Sprague Resources GP LLC (the “General Partner”), declared a cash distribution of $0.6675 per unit ($2.67 per unit on an annualized basis) for the quarter ended December 31, 2020. The fourth quarter distribution is equal to all other distribution amounts in 2020. The announced distribution will be paid on Wednesday, February 10, 2021, to unitholders of record as of the close of business on February 2, 2021.Audited Fourth Quarter 2020 Financial Results and Earnings Conference CallSprague will release its Fourth quarter 2020 unaudited financial results before the opening of trading on the NYSE on Thursday, March 4, 2021 and will host a conference call that day at 1:00...
CIB Marine Bancshares, Inc. Announces 2020 Results
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
BROOKFIELD, Wis., Jan. 22, 2021 (GLOBE NEWSWIRE) — CIB Marine Bancshares, Inc. (the “Company” or “CIBM”) (OTCQB: CIBH), the holding company of CIBM Bank, announced its unaudited results of operations and financial condition for the fourth quarter and full year of 2020. Strong mortgage operations and higher net interest income resulted in net income of $2.3 million for the quarter ending December 31, 2020, compared to a loss of $0.4 million for the same period in 2019 and, for the twelve months ending December 31, 2020, net income of $8.2 million compared to $2.0 million for the same period in 2019. Income before taxes for 2020 was $10.9 million compared to $2.5 million for 2019.A summary of financial results for the quarter and twelve months ended December 31, 2020, is attached. Select highlights include:The tangible book value...
Hexagon Agility awarded contract for Mobile Pipeline® transport modules
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Hexagon Agility has received an order for TITAN® 53 transport modules with a total estimated value of USD $5.7 million (approx. NOK 48.5 million).Driving Energy Transformation“Mobile Pipeline® Type 4 modules enable more than twice the volume of gas to be transported on each trip, reducing both operating expenses and Greenhouse Gas Emissions for our clients,” says Miguel Raimao, Vice President of Mobile Pipeline at Hexagon Agility. “We are proud to be a selected as a supplier to an industrial gas provider as they strive to reduce energy consumption, lower emissions and boost productivity.”About the market A significant increase in customer demand for compressed gases, including natural gas, hydrogen, and industrial gases, is driving a need to move greater volumes on every trip. Hexagon’s Titan53® employs the largest composite cylinder...
SpareBank 1 SMN: Presentation of 4th Quarter 2020 accounts
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SpareBank 1 SMN is presenting 4th quarter 2020 financial results.Time: Friday 5 February at 08:00 AM CETPlace: WebinarPlease register by 4 February on the link below:http://epost.sparebank1.no/public/event/RegistrationForm/42445A4B79474450427340The presentation will be held in Norwegian by group CEO Jan-Frode Janson and CFO Kjell Fordal.We will also host a Global Investor Webinar in English on the same day at 3:15 PM CET. Please register by 4 February on the following link:http://epost.sparebank1.no/public/event/RegistrationForm/42445A4B794041504B7040Questions to the management in relation to both presentations can be sent to ir@smn.no.The results will be published on 5 February at 7:00 AM CET.This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
SpareBank 1 SMN: Invitasjon til resultatpresentasjon, 4. kvartal 2020
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SpareBank 1 SMN inviterer til presentasjon av resultatene for 4. kvartal 2020.Tid: Fredag, 5. februar, kl. 08:00Sted: WebinarPåmelding innen 4. februar via følgende link:http://epost.sparebank1.no/public/event/RegistrationForm/42445A4B79474450427340Presentasjonen holdes av konsernsjef Jan-Frode Janson og finansdirektør Kjell Fordal.Det vil også bli holdt et webinar på engelsk samme dag klokken 15:15.Påmelding til den engelske presentasjonen innen 4. februar kan gjøres her:http://epost.sparebank1.no/public/event/RegistrationForm/42445A4B794041504B7040Spørsmål til begge presentasjoner kan sendes til ir@smn.no.Resultatet publiseres 5. februar klokken 07:00Denne opplysningen er informasjonspliktig etter verdipapirhandelloven §5-12
Iceland Seafood International secures the right to use the ICELANDIC SEAFOOD brand in Europe
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Today, Iceland Seafood International (Iceland Seafood) and Icelandic Trademark Holding (ITH) owner of the ICELANDIC brand, signed an agreement which secures Iceland Seafood’s right to use the well-known ICELANDIC SEAFOOD brand in Europe. This is a long-term agreement where the objective is to strengthen the marketing of premium Icelandic seafood products in the European market, with the mutual benefits of all stakeholders in mind. With an effective marketing effort, Icelandic products will actively be promoted by Iceland Seafood. Products under the ICELANDIC SEAFOOD brand are currently being produced by a broad range of Icelandic producers. The brand is built upon a strong heritage with a history of over 75 years of exports of quality seafood out of Iceland under the ICELANDIC SEAFOOD brand. Bjarni Ármannsson, CEO“It is a pleasure...
