Day: April 20, 2021
MIDDLEFIELD, Ohio, April 20, 2021 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the 2021 first quarter ended March 31, 2021.
2021 First Quarter Financial Highlights Include (on a year-over-year basis unless noted):Net income increased to a quarterly record of $4.2 million, or a record $0.65 per diluted share
Net interest margin improved by 10 basis points to 3.73%, compared to 3.63%
Total noninterest income was up 106.5% to $2.2 million
Pre-tax, pre-provision for loan losses(1) income increased 49.5% to $5.8 million
Return on average assets increased to 1.22% from 0.35%
Return on average equity increased to 11.64% from 3.01%
Return on average tangible common equity(1) increased to 13.16% from 3.43%
Efficiency ratio improved to 57.91%, compared to 63.47%
Net charge-offs declined 86.0%...
Yellow Corporation Bringing New Jobs To Everett, Washington & America
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OVERLAND PARK, Kan., April 20, 2021 (GLOBE NEWSWIRE) — Yellow Corporation (NASDAQ: YELL) is recruiting employees for new positions in Everett, Washington. On Tuesday, April 27, Yellow will host a hiring event as the trucking company looks to fill jobs including dock workers, linehaul drivers, local drivers and box truck drivers. Yellow intends to hire qualified individuals immediately for 19 jobs in Everett with more positions open nationwide.
Yellow is the second largest less-than-truckload carrier and the fifth largest transportation company in North America. Yellow’s 30,000 employees are based in all 50 states as well as Puerto Rico, Canada and Mexico.
Yellow’s Everett hiring event is among more than two dozen similar recruiting events taking place across America between now and July. By the end of 2021, Yellow aims to hire thousands...
Mid Penn Bank Promotes Heather Hall to Executive Vice President
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MILLERSBURG, Pa., April 20, 2021 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (NASDAQ: MPB), parent company of the wholly-owned subsidiaries Mid Penn Bank and MPB Financial Services, Inc., is proud to announce that Heather Hall has been promoted to Executive Vice President of Mid Penn Bank. In this role, Ms. Hall provides leadership and oversight of the Bank’s loan and deposit activities throughout the Capital and Lancaster County regions.
“Heather is a proven leader who is dedicated to the continuing success of the Bank,” said Mid Penn Bank Senior Executive Vice President and Chief Revenue Officer, Scott Micklewright. “She has developed a dynamic team of professionals and leads by example through her dedication to customers and commitment to our organization.”
Ms. Hall has been with Mid Penn Bank since 2016, when she joined the commercial...
Imperial Mining Group fera une présentation lors de la conférence « Quebec Critical and Strategic Minerals Investment » le jeudi 22 avril à 13h30 NHE
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MONTRÉAL, 20 avr. 2021 (GLOBE NEWSWIRE) — Imperial Mining Group (OTCQB:IMPNF) (TSX.V:IPG) est heureux d’annoncer que le président et chef de la direction, Peter Cashin, fera une présentation dans le cadre de la conférence virtuelle Critical and Strategic Minerals Investment Opportunities in Quebec, ce jeudi, 22 avril, à 13h30 HNE. Portant sur les possibilités d’investissement au Québec relativement aux minéraux critiques et stratégiques, la conférence, présentée par OTC Markets Group et organisée par le gouvernement du Québec par l’entremise du Ministère de l’Énergie et des Ressources naturelles, mettra en vedette dix entreprises sélectionnées et approuvées par un comité spécial.
Peter Cashin discutera du projet à scandium Crater Lake dans le nord québécois que l’entreprise développe, ainsi que de la manière dont IPG peut contribuer...
StoneCastle Financial Corp. Announces Estimated Net Asset Value as of March 31, 2021 and Sets Date to Host the First Fiscal Quarter 2021 Earnings Conference Call
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DENVER, April 20, 2021 (GLOBE NEWSWIRE) — StoneCastle Financial Corp., (NASDAQ: BANX) (“StoneCastle Financial” or the “Company”), today announced that the Company’s March 31, 2021 estimated Net Asset Value (“NAV”) was $21.62. The NAV was down ($0.06) from the prior month.
StoneCastle Financial will host a conference call for investors and other interested parties beginning at 5:00 p.m. (Eastern Time) on Thursday, May 13, 2021 to discuss the Company’s financial results and investment performance and provide its current views on bank-related assets and the community banking market. The call will be hosted by Sanjai Bhonsle, Chairman and Chief Executive Officer and Patrick Farrell, Chief Financial Officer.
The conference call will be accessible by telephone and the Internet. To access the call, participants from within...
Heartland BancCorp Earns $4.6 Million, or $2.29 Per Diluted Share, in the First Quarter of 2021; Declares Quarterly Cash Dividend of $0.627 per Share
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
WHITEHALL, Ohio, April 20, 2021 (GLOBE NEWSWIRE) — Heartland BancCorp (“Heartland” and “the company”) (OTCQX: HLAN) today reported net income increased 58.4% to $4.6 million, or $2.29 per diluted share in the first quarter of 2021, compared to $2.9 million, or $1.43 per diluted share in the first quarter of 2020. In the fourth quarter of 2020, the company reported record earnings of $5.8 million, or $2.87 per diluted share.
The company announced its board of directors declared a quarterly cash dividend of $0.627 per share. The dividend will be payable July 10, 2021, to shareholders of record as of June 25, 2021. Heartland has paid regular quarterly cash dividends since 1993.
“Heartland’s first quarter operating performance continued to reflect the success of our community bank strategy, which produced solid revenue and additional...
Freddie Mac Prices $937 Million Multifamily K-Deal, K-F108
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MCLEAN, Va., April 20, 2021 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) has priced a new offering of Structured Pass-Through Certificates (K Certificates), which includes a class of floating rate bonds indexed to the Secured Overnight Financing Rate (SOFR). The approximately $937 million in K Certificates (K-F108 Certificates) are expected to settle on or about April 29, 2021. The K-F108 Certificates are backed by floating-rate multifamily mortgages with 10-year terms, which are SOFR-based.
K-F108 PricingClass
Principal/Notional Amount (mm)
Weighted Average Life (Years)
Discount Margin
Coupon
Dollar PriceAS
$937.905
9.44
25
30-day SOFR avg + 25
100.000XS
Non-OfferedDetailsCo-Lead Managers and Joint Bookrunners: Barclays Capital Inc. and J.P. Morgan Securities LLC
Co-Managers: BMO Capital Markets Corp., Cantor Fitzgerald...
Western New England Bancorp, Inc. Announces Closing of $20 Million of Fixed-to-Floating Rate Subordinated Notes
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WESTFIELD, Mass., April 20, 2021 (GLOBE NEWSWIRE) — Western New England Bancorp. Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that it has completed a private placement of $20 million in aggregate principal amount of its 4.875% fixed-to-floating rate subordinated notes due 2031 (the “Notes”) to certain qualified investors.
Unless earlier redeemed, the Notes mature on May 1, 2031. The Notes will initially bear interest from the initial issue date to, but excluding, May 1, 2026, or the earlier redemption, at a fixed rate of 4.875% per annum, payable quarterly in arrears on May 1, August 1, November 1 and February 1 of each year, beginning August 1, 2021, and thereafter to, but excluding, the maturity date or earlier redemption. Beginning on May 1, 2026, the interest...
Genco Shipping & Trading Limited to Participate in Global Investor Call Hosted by Clarksons Platou Securities
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NEW YORK, April 20, 2021 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE: GNK) announced today that John C. Wobensmith, Chief Executive Officer; Apostolos Zafolias, Chief Financial Officer; and Peter Allen, Senior Vice President, Strategy & Finance, are scheduled to present to investors as part of a Global Investor Call hosted by Clarksons Platou Securities on Wednesday, April 21, 2021 at 9:00 am Eastern Time.
The call will be broadcast via webcast and can be accessed through the Investor Relations section of Genco’s website, https://www.gencoshipping.com. Please allow extra time prior to the call to visit the site and download any necessary software that may be needed to access the Internet broadcast.
About Genco Shipping & Trading LimitedGenco Shipping & Trading Limited transports iron ore, coal, grain,...
Intuitive Announces First Quarter Earnings
Written by Customer Service on . Posted in Earnings Releases And Operating Results.
SUNNYVALE, Calif., April 20, 2021 (GLOBE NEWSWIRE) — Intuitive (the “Company”) (Nasdaq: ISRG), a global technology leader in minimally invasive care and the pioneer of robotic-assisted surgery, today announced financial results for the quarter ended March 31, 2021.
Q1 HighlightsWorldwide da Vinci procedures grew approximately 16% compared with the first quarter of 2020.
The Company shipped 298 da Vinci Surgical Systems, an increase of 26% compared with 237 in the first quarter of 2020.
The Company grew its da Vinci Surgical System installed base to 6,142 systems as of March 31, 2021, an increase of 8% compared with 5,669 as of the end of the first quarter of 2020.
First quarter 2021 revenue of $1.29 billion increased 18% compared with $1.10 billion in the first quarter of 2020.
First quarter 2021 GAAP net income was $426 million,...