Day: April 19, 2022

Company’s expanding banking franchise earns net income of $15.7 million, sustains momentum following fourth quarter acquisitions WICHITA, Kan., April 19, 2022 (GLOBE NEWSWIRE) — Equity Bancshares, Inc. (NASDAQ: EQBK), (“Equity”, “the Company”, “we”, “us”, “our”), the Wichita-based holding company of Equity Bank, reported net income of $15.7 million and $0.93 earnings per diluted share for the quarter ended March 31, 2022. “I’m pleased with the entrepreneurial spirit of our bankers, including our market leaders, bank leaders and our support and operations teams for their collaboration and their continued focus on our customers,” said Brad Elliott, Chairman and CEO. “We began 2022 as a franchise of nearly 70 bank locations in our four-state network and we’ve continued to sustain momentum in our first quarter with customers by being...

LOS ANGELES, April 19, 2022 (GLOBE NEWSWIRE) — PacWest Bancorp (Nasdaq: PACW) – FIRST QUARTER 2022 RESULTS  $120.1M   $1.01   $162.1M   20.93%    Net Earnings   Diluted Earnings per Share   PPNR   ROATE  FIRST QUARTER 2022 HIGHLIGHTSNet Earnings of $120.1 Million or $1.01 Per Diluted Share PPNR of $162.1 Million, Down 10.8% vs. 4Q21 Net Interest Income (TE) of $312.7 Million in 1Q22 vs. $304.5 Million in 4Q21 No Provision for Credit Losses in 1Q22 vs. Benefit of $6.0 Million in 4Q21 Noninterest Income of $20.8 Million in 1Q22 vs. $57.4 Million in 4Q21; Warrant Income Down $23.4 Million Noninterest Expense of $167.4 Million in 1Q22 vs. $176.1 Million in 4Q21 Loan Growth of $1.4 Billion or 6.1% from Prior Quarter Loan and Lease Production of $2.6 Billion in 1Q22 vs. $3.4 Billion in 4Q21; WAC of 4.31% in 1Q22...

ROSEMONT, Ill., April 19, 2022 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced net income of $127.4 million or $2.07 per diluted common share for the first quarter of 2022, an increase in diluted earnings per common share of 31% compared to the fourth quarter of 2021. Highlights of the First Quarter of 2022:Comparative information to the fourth quarter of 2021Total loans, excluding Paycheck Protection Program (“PPP”) loans, increased by $796 million, or 9% on an annualized basis.Core loans increased by $486 million and niche loans increased by $310 million. PPP loans declined by $304 million in the first quarter of 2022 primarily as a result of processing forgiveness payments.Total assets increased by $109 million totaling $50.3 billion as of March 31,...

Second Quarter 2021 vs. Second Quarter 2020 (Re-stated)Revenue of $22.3 million compared to $19.7 million; Gross profit of $3.6 million compared to $1.8 million; Gross margin of 16.1% compared to 9.2%; Net income of $0.6 million compared to net loss of $(1.4) million; Earnings per diluted share of $0.05 compared to loss per diluted share of $(0.11); Cash flow from operations of $2.4 million compared to $0.6 million.Six Months 2021 vs. Six Months 2020 (Re-stated)Revenue of $53.1 million compared to $36.6 million; Gross profit of $8.5 million compared to $2.0 million; Gross margin of 16.0% compared to 5.4%; Net income of $1.9 million compared to net loss of $(4.7) million; Earnings per diluted share of $0.15 compared to loss per diluted share of $(0.40); Cash flow used by operations of $(2.5) million compared to a use of $(0.9) million; Debt...

Lincoln, Nebraska, April 19, 2022 (GLOBE NEWSWIRE) — National Research Corporation, dba NRC Health,  (NASDAQ/:NRC) today announced that it will provide an online web simulcast of its 2022 first quarter earnings conference call on Wednesday, May 4, 2022. The Company’s results for the 2022 first quarter will be released after the close of the market on Tuesday, May 3, 2022. The live broadcast of NRC Health’s conference call will begin at 11:00 a.m. Eastern Time on May 4, 2022. A 30-day online replay will be available approximately one hour following the conclusion of the live broadcast.  A live audio webcast can be accessed at https://events.q4inc.com/attendee/864665437. The webcast will also be available for replay. For more than 40 years, NRC Health has been committed to achieving Human Understanding and bringing healthcare organizations...

Pzena reports first quarter 2022 Diluted EPS of $0.16.Assets under management ends the first quarter at $52.8 billion.Q1 2022 revenue increases 15 percent to $52.8 million from Q1 2021.Board declares a quarterly dividend of $0.03 per share.NEW YORK, April 19, 2022 (GLOBE NEWSWIRE) — Pzena Investment Management, Inc. (NYSE: PZN) reported the following U.S. Generally Accepted Accounting Principles (GAAP) basic and diluted net income and earnings per share for the three months ended March 31, 2022 and 2021 (in thousands, except per-share amounts):    GAAP Basis      For the Three Months Ended March 31,      2022     2021      (unaudited)  Basic Net Income   $ 2,815     $ 4,187  Basic Earnings per Share   $ 0.16     $ 0.24               Diluted Net Income   $ 13,489     $ 19,731  Diluted Earnings...

WOOSTER, Ohio, April 19, 2022 (GLOBE NEWSWIRE) — Wayne Savings Bancshares, Inc. (OTCQX: WAYN), (the “Company”), the holding company parent of Wayne Savings Community Bank, reported net income (unaudited) of $2.1 million, or $0.87 per common share, for the quarter ended March 31, 2022, an increase of $180,000, or 9.5%, compared to $1.9 million, or $0.76 per common share, for the quarter ended March 31, 2021. The increase in net income was due to an increase in net interest income and non-interest income, partially offset with an increase in non-interest expenses and increased provision for federal income taxes. The return on average equity and return on average assets for the first quarter of 2022 was 15.44% and 1.28%, respectively, compared to 14.22% and 1.26%, respectively, for the same period in 2021. President and CEO James...