Day: April 26, 2021

NORWICH, N.Y., April 26, 2021 (GLOBE NEWSWIRE) — NBT Bancorp Inc. (“NBT” or the “Company”) (NASDAQ: NBTB) reported net income and diluted earnings per share for the three months ended March 31, 2021. Net income for the three months ended March 31, 2021 was $39.8 million, or $0.91 per diluted common share. Net income increased $5.7 million from the previous quarter primarily due to lower provision for loan losses and branch optimization charges recognized in the previous quarter. Net income increased $29.5 million from the first quarter of 2020 due to the adoption of the Current Expected Credit Losses (“CECL”) accounting methodology, including the estimated impact of the COVID-19 pandemic on expected credit losses, which resulted in first quarter 2020 provision for loan losses of $29.6 million. Pre-provision net revenue (“PPNR”)1...

DALLAS, April 26, 2021 (GLOBE NEWSWIRE) — A. H. Belo Corporation (NYSE: AHC) today reported a first quarter 2021 net loss of $2.8 million, or $(0.13) per share, and an operating loss of $3.7 million. In the first quarter of 2020, the Company reported a net loss of $1.6 million, or $(0.08) per share, and an operating loss of $4.8 million. The 2020 net loss included a federal tax refund of $2.3 million permitted under the CARES Act. For the first quarter of 2021, on a non-GAAP basis, A. H. Belo reported an operating loss adjusted for certain items (“adjusted operating loss”) of $2.4 million, an improvement of $0.4 million or 14.4 percent when compared to an adjusted operating loss of $2.8 million reported in the first quarter of 2020. Robert W. Decherd, chairman, president and Chief Executive Officer, said, “We are encouraged that...

EL SEGUNDO, Calif., April 26, 2021 (GLOBE NEWSWIRE) — Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) (the “Company”) today reported results for the three months ended March 31, 2021. Financial Overview  Three months ended March 31,  2021   2020  (In millions, except percentage and per share amounts)Net sales $ 496.1     $ 476.1  Net income 18.1     31.4  Net income as a percentage of net sales 3.6 %   6.6 %Adjusted Net Income (Non-GAAP measure*) 29.3     29.4  Adjusted Net Income (Non-GAAP measure*) as a percentage of net sales 5.9 %   6.2 %Earnings Per Share (“EPS”) – Diluted 0.22     0.37  Adjusted EPS (Non-GAAP measure*) 0.36     0.35  Adjusted EBITDAP (Non-GAAP measure*) 58.5     62.4  Adjusted EBITDAP (Non-GAAP measure*) as a percentage of net sales 11.8 %   13.1 %Cash used in operating...

EAU CLAIRE, Wis., April 26, 2021 (GLOBE NEWSWIRE) — Citizens Community Bancorp, Inc. (the “Company”) (Nasdaq: CZWI), the parent company of Citizens Community Federal N.A. (the “Bank” or “CCFBank”), today reported earnings of $5.5 million or $0.50 per diluted share for the quarter ended March 31, 2021 compared to $3.6 million, or $0.32 per diluted share for the quarter ended December 31, 2020, and $2.6 million, or $0.23 per diluted share for the quarter ended March 31, 2020. Net income as adjusted (non-GAAP)1 was $5.6 million or $0.51 per diluted share for the first quarter of 2021, compared to $3.7 million, or $0.33 per diluted share for the preceding quarter and $2.6 million or $0.23 per diluted share for the first quarter a year ago. The Company’s first quarter 2021 operating results reflected: (1) lower net interest income largely...

ANCHORAGE, Alaska, April 26, 2021 (GLOBE NEWSWIRE) — Northrim BanCorp, Inc. (NASDAQ:NRIM) (“Northrim” or the “Company”) today reported net income of $12.2 million, or $1.94 per diluted share, in the first quarter of 2021, compared to $10.1 million, or $1.59 per diluted share, in the fourth quarter of 2020, and $1.03 million, or $0.16 per diluted share, in the first quarter a year ago. Continued high levels of production in the Home Mortgage Lending segment, continued loan and core deposit growth, and fee and interest income from the Small Business Administration’s (“SBA”) Paycheck Protection Program (“PPP”) loans contributed to profitability for the quarter. Also benefiting first quarter results was a $1.5 million benefit to the provision for credit losses. This compares to a $599,000 benefit...

Dubuque, IA, April 26, 2021 (GLOBE NEWSWIRE) — Highlights and DevelopmentsRecord net income available to common stockholders of $50.8 million compared to $20.0 million for the first quarter of 2020, an increase of $30.8 million or 153% Diluted earnings per common share of $1.20 compared to $0.54 for the first quarter of the prior year, an increase of $0.66 or 122% Annualized net charge off ratio of 0.06%, nonperforming assets to total assets of 0.54%, and 30-89 day loan delinquencies of 0.16% Net interest income of $139.6 million compared to $112.5 million for the first quarter of 2020, an increase of $27.1 million or 24% Efficiency ratio (non-GAAP)1 of 56.61% compared to 61.82% for the first quarter of 2020 Completed the AimBank systems conversion on February 19, 2021 Announced a branding change on April 14, 2021 from Heartland...