Month: January 2021

Old Bethpage, New York, Jan. 28, 2021 (GLOBE NEWSWIRE) — Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has extended the date for the expiration of the closing on the previously announced Rights Offering to February 5, 2021.David Lesser, Power REIT’s Chairman and CEO, commented, “We are pleased with the general reaction to Power REIT’s Rights Offering which will allow us to pursue additional accretive acquisitions. As previously disclosed, we have received many indications of delayed receipt of the Rights Offering documents in the mail. We have also received requests for an extension of time for shareholders to participate and believe it is prudent to grant one additional extension. Accordingly, we have concluded to push back to February 5, 2021 the date of the closing on the Rights Offering...

MILWAUKEE, Wis., Jan. 28, 2021 (GLOBE NEWSWIRE) — Koss Corporation (NASDAQ SYMBOL: KOSS), the U.S. based high-fidelity headphone company, has reported its second quarter results for the quarter ended December 31, 2020.Sales for the second quarter were $4,929,789, which is an 18.4% increase from sales of $4,162,659 for the same three month period one year ago. The three month net income was $508,890, compared to a net loss of $215,713 for the second quarter last year. Diluted and basic income per common share for the quarter was $0.07 compared to a loss per common share of $0.03 for the same three month period one year ago.Sales for the six months ended December 31, 2020, increased 5.9% from $9,573,421 in the same period last year to $10,138,084 in the current year. The six month net income was $635,819 compared to a net loss of...

Selskabsmeddelelse nr. 56Fredericia, den 28. jan 2021

Company announcement nr. 56Fredericia, January 28th 2021

MANISTIQUE, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) — Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2020 net income of $13.47 million, or $1.27 per share, compared to 2019 net income of $13.85 million, or $1.29 per share. The Corporation had fourth quarter 2020 net income of $3.64 million, or $.35 per share, compared to 2019 fourth quarter net income of $3.30 million, or $.31 per share.  Total assets of the Corporation at December 31, 2020 were $1.50 billion, compared to $1.32 billion at December 31, 2019. Shareholders’ equity at December 31, 2020 totaled $167.86 million, compared to $161.92 million at December 31, 2019. Book value per share outstanding equated to $15.99 at the end of the fourth quarter 2020, compared to $15.06 per share outstanding a year ago....

Net income for the three months ended December 31, 2020 was $5.52 million compared to $5.05 million for the three months ended December 31, 2019 and included a $679,000 reversal in loan loss provisionsFully-diluted earnings per share for the three months ended December 31, 2020 was $0.60 per share compared to $0.54 per share for the three months ended December 31, 2019.Return on average assets rose to 1.04% for the three months ended December 31, 2020 compared to 0.96% for the three months ended December 31, 2019.A $1,000 year-end bonus was paid to non-management employees at the end of 2020 for their work during the pandemic.Board of Directors approved a quarterly cash dividend of $0.23 per share, representing Territorial Bancorp Inc.’s 44th consecutive quarterly dividend.HONOLULU, Jan. 28, 2021 (GLOBE NEWSWIRE) — Territorial Bancorp...

4th Quarter 2020 Highlights:Record net income of $81.9 million, an increase of $24.5 million, or 43 percent, over the prior year fourth quarter net income of $57.4 million.Diluted earnings per share of $0.86, an increase of 39 percent from the prior year fourth quarter diluted earnings per share of $0.62.Gain on sale of loans of $26.2 million, increased $16.1 million, or 159 percent, compared to the prior year fourth quarter.Bank loan modifications related to the coronavirus disease of 2019 (“COVID-19”) decreased $371 million from the prior quarter and decreased $1.420 billion from the second quarter to $94.9 million, or 93 basis points of loans excluding the PPP loans.Non-performing assets as a percentage of subsidiary assets was 0.19 percent, which compared to 0.25 percent in the prior quarter and 0.27 percent in the prior year fourth...