Wintrust Financial Corporation Reports Fourth Quarter 2021 Net Income of $98.8 million and Record Full Year Net Income of $466.2 million

Written by Customer Service on January 19, 2022. Posted in Public Companies.

ROSEMONT, Ill., Jan. 19, 2022 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced net income of $98.8 million or $1.58 per diluted common share for the fourth quarter of 2021, a decrease in diluted earnings per common share of 11% compared to the third quarter of 2021. The Company recorded record annual net income of $466.2 million or $7.58 per diluted common share for the year ended December 31, 2021 compared to net income of $293.0 million or $4.68 per diluted common share for the same period of 2020. Highlights of the Fourth Quarter of 2021:Comparative information to the third quarter of 2021 Total assets increased by $2.3 billion totaling $50.1 billion as of December 31, 2021. Total loans, excluding Paycheck Protection Program (“PPP”) loans, increased by $2.0...

Imperial to Surrender Giant Copper Property to the Province of British Columbia

Written by Customer Service on January 19, 2022. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Imperial Metals Corporation (the “Imperial”) (TSX:III) reports that an agreement has been reached with the Province of British Columbia (“Province”) for the surrender of Imperial’s Giant Copper mineral claims located 37km east of Hope, BC, Canada. Imperial has held Giant Copper since April 1988. The claim area hosts two mineral deposits containing copper, silver and gold and a recently discovered gold showing. The claim area predates the creation of Manning Park and the Skagit Valley Provincial Park which now surround the claim area. In 1995, following a public review process, the Province designated almost 30,000 hectares as the Skagit Valley Provincial Park, while allowing mineral exploration in the 2,500 hectare claim area. Imperial at the time surrendered some of...

Treace Announces Grant of U.S. Patent on Instrumented Bunion Correction

Written by Customer Service on January 19, 2022. Posted in Public Companies.

PONTE VEDRA, Fla., Jan. 19, 2022 (GLOBE NEWSWIRE) — Treace Medical Concepts, Inc. (“Treace” or the “Company”) (Nasdaq: TMCI), a commercial-stage orthopaedic medical device company driving a paradigm shift in the surgical treatment of hallux valgus (commonly known as bunions) through its Lapiplasty® 3D Bunion Correction™ procedure, announced that the United States Patent and Trademark Office granted to the Company U.S. Patent No. 11,213,333, titled “Bone Positioning and Preparing Guide Systems and Methods.” The patent, granted earlier this month, augments Treace’s extensive and growing patent portfolio covering instrumented bunion correction. The patent generally relates to a technique for correcting a bunion deformity using both a bone preparation guide and a bone positioning guide to perform different steps of the technique. “We...

Orrstown Financial Services, Inc. Reports Record Earnings for Full Year 2021 and Fourth Quarter Results

Written by Customer Service on January 19, 2022. Posted in Public Companies.

Net income of $32.9 million and diluted earnings per share of $2.96 for the year ended December 31, 2021 compared to $26.5 million and diluted earnings per share of $2.40 for the year ended December 31, 2020; net income of $6.7 million for the quarter; diluted fourth quarter 2021 earnings per share of $0.60 compared to diluted earnings per share of $0.65 in the third quarter of 2021 and $0.91 in the fourth quarter of 2020 Fourth quarter commercial loan growth, excluding Small Business Administration (“SBA”) Paycheck Protection Program (“PPP”) loans, was $110.5 million, or 34% annualized; full year commercial loan growth, excluding SBA PPP loans, was $268.3 million, or 24% Net interest margin increased to 3.35% in the fourth quarter of 2021 from 3.03% in the third quarter of 2021; some excess liquidity was deployed...

Precision Drilling Corporation 2021 Fourth Quarter and End of Year Results Conference Call and Webcast

Written by Customer Service on January 19, 2022. Posted in Public Companies.

CALGARY, Alberta, Jan. 19, 2022 (GLOBE NEWSWIRE) — Precision Drilling Corporation (“Precision”) intends to release its 2021 fourth quarter results before the market opens on Thursday, February 10, 2022 and has scheduled a conference call and webcast to begin promptly at 12:00 Noon MT (2:00 p.m. ET) on the same day. The conference call dial in numbers are 844-515-9176 or 614-999-9312 (International) or a live webcast is accessible on our website at www.precisiondrilling.com An archived version of the webcast will be available for approximately 60 days. An archived recording of the conference call will be available approximately one hour after the completion of the call until February 14, 2022 by dialing 855-859-2056 or 404-537-3406, passcode 8456974. About PrecisionPrecision is a leading provider of safe and environmentally responsible...

Paya Announces Acquisition of VelocIT

Written by Customer Service on January 19, 2022. Posted in Mergers And Acquisitions.

Expands and strengthens Paya’s robust integrated payments capabilities ATLANTA, Jan. 19, 2022 (GLOBE NEWSWIRE) — Paya Holdings Inc. (NASDAQ: PAYA) (“Paya”), a leading integrated payments and commerce solution provider, today announced the acquisition of VelocIT Business Solutions (“VelocIT”). Founded in 2018 and based in Clarkson, WA, VelocIT provides fully integrated, omnichannel payment solutions to accounting and ERP partners, including Acumatica and Sage, driving frictionless commerce experiences for their end users. VelocIT brings to Paya industry-leading technologies, deep knowledge of the ERP market, and strong integration experience and expertise. “We are excited to welcome the VelocIT team to Paya as we look to expand and accelerate Paya’s growth within the ERP channel,” said Jeff Hack, Paya’s chief executive officer....

Communities First Financial Corporation Earns $5.41 Million for 4Q-2021 and a Record $20.53 Million for the Full Year 2021

Written by Customer Service on January 19, 2022. Posted in Earnings Releases And Operating Results.

FRESNO, Calif., Jan. 19, 2022 (GLOBE NEWSWIRE) — Communities First Financial Corporation (the “Company”) (OTCQX: CFST), the parent company of Fresno First Bank (the “Bank”), today reported net income increased 66% to $5.41 million, or $1.74 per diluted share for the fourth quarter of 2021 (4Q-2021), compared to $3.25 million, or $1.07 per diluted share for the fourth quarter of 2020 (4Q-2020), and increased 4% from $5.22 million, or $1.68 per diluted share for the third quarter of 2021 (3Q-2021). For the year ended December 31, 2021, net income increased 78% to $20.53 million, or $6.62 per diluted share, compared to $11.51 million, or $3.79 per diluted share, for year ended December 31, 2020. All results are unaudited. “Our quarterly results were a strong end to what was a record year on several measures,” said Steve Miller, President...

EuroDry Ltd. To Participate at Capital Link’s Corporate Presentation Series

Written by Customer Service on January 19, 2022. Posted in Public Companies.

MAROUSSI, Greece and ATHENS, Greece, Jan. 19, 2022 (GLOBE NEWSWIRE) — EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it will participate in Capital Link’s Corporate Presentation Webinar Series. On Tuesday, January 25th, 2022 at 10:00 am ET its senior management team will go through a presentation on the company’s current operations, business development, growth prospects and outlook of the dry bulk sector. You can register for the company presentation webinar below: Date: Tuesday, January 25th, 2022Time: 10:00 am ET Register: Webinar Registration On the registration page, please register for the presentation slated for January 25th, 2022 at 10 am ET. An email confirmation will be sent back...

Dynacor Surges Past 2021 Sales Guidance and Boosts Gold Production to Over 100,000 Ounces, a New Yearly Record

Written by Customer Service on January 19, 2022. Posted in Public Companies.

2020 and 2021 – Sales (in $ million) 2020 and 2021 – Sales (in $ million) MONTREAL, Jan. 19, 2022 (GLOBE NEWSWIRE) — Dynacor Gold Mines Inc. (TSX-DNG) (Dynacor or the “Corporation”), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced its monthly sales of US$15.8 million (unaudited) (C$20.2 million) (1) for December 2021, and total annual sales of US195.9 million (C$245.6 million), a 93% year-over-year increase. The Corporation beat all sales expectations by exceeding initial guidance (released on February 18, 2021) of US$150 million and revised guidance (released on September 22, 2021) of US$185-190 million. In 2021, Dynacor also achieved a new record gold production of over 100,000 ounces for the first time in the Corporation’s...

Name Change to Ultra Lithium Inc.

Written by Customer Service on January 19, 2022. Posted in Public Companies.

VANCOUVER, British Columbia, Jan. 19, 2022 (GLOBE NEWSWIRE) — Ultra Resources Inc. (TSX-V: ULT) (“Ultra Resources” or “the Company”) announces that the Board of Directors of the Company has resolved to change the name of the Company from Ultra Resources Inc. to Ultra Lithium Inc. The Company’s trading symbol “ULT” will remain unchanged and the Company will resume trading under its new name Ultra Lithium Inc. on January 21, 2022. The new CUSIP and ISIN are: 90388C106 and CA90388C1068. ON BEHALF OF THE BOARD OF DIRECTORS “Kiki Smith” Kiki Smith, CFO About Ultra Resources Inc.Ultra Resources Inc. is an exploration and development company with a focus on the acquisition and development of lithium, gold, and copper assets. The Company holds a brine lithium property in Argentina, and hard rock spodumene type lithium properties at Georgia...

Day: January 19, 2022

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