Day: April 20, 2022

BETHESDA, Md., April 20, 2022 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank (the “Bank”), today announced net income of $45.7 million for the first quarter 2022 compared to net income of $41.6 million for the prior quarter and $43.5 million for the year-ago quarter. Net income was $1.43 per share (basic) and $1.42 per share (diluted) for the first quarter 2022, compared to basic and diluted shares of $1.30 per share for the prior quarter and $1.36 per share for the year-ago quarter. The increase in earnings of $4.1 million from the prior quarter was primarily driven by a decrease in non-interest expense from an accrual reduction of $5.0 million related to share-based compensation awards and deferred compensation to our former CEO and Chairman. The...

Diluted EPS of $0.71, ROAA of 2.01%, and ROAE of 20.30% for 1Q 2022 ROCKVILLE, Md., April 20, 2022 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (the “Company”) (NASDAQ: CBNK), the holding company for Capital Bank, N.A. (the “Bank”), today reported net income of $10.2 million, or $0.71 per diluted share, for the first quarter of 2022. By comparison, net income was $9.0 million, or $0.65 per diluted share, for the first quarter of 2021. Portfolio loans, net, increased $213.9 million when compared to the period ended March 31, 2021. “We started the year with another quarter of outstanding profitability at both the Commercial Bank and OpenSky®,” said Ed Barry, CEO of the Company and the Bank. “Loan production at the Commercial Bank was strong as new hires and strategic initiatives continue to gain momentum,...

CORAL GABLES, Fla., April 20, 2022 (GLOBE NEWSWIRE) — Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $16.0 million in the first quarter of 2022, or $0.45 per diluted share, a decrease compared to net income attributable to the Company of $65.5 million, or $1.77 per diluted share, in the fourth quarter of 2021, which included the sale of the Company’s headquarter building, and an increase compared to the net income attributable to the Company of $14.5 million, or $0.38 per diluted share, in the first quarter of 2021. Core Pre-Provision Net Revenue (“Core PPNR”)1 was $17.9 million in the first quarter of 2022, a decrease from $18.9 million in the fourth quarter of 2021, and an increase from $15.8 million in the first quarter of 2021. Return on assets (“ROA”)...

Net Earnings of $45.6 million, or $0.31 per share for First Quarter Assets total $17.54 billion as acquisition of Suncrest Bank completed on January 7, 2022 Quarterly annualized core loan growth of 8% Net Interest Margin expands to 2.90%ONTARIO, Calif., April 20, 2022 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended March 31, 2022. CVB Financial Corp. reported net income of $45.6 million for the quarter ended March 31, 2022, compared with $47.7 million for the fourth quarter of 2021 and $63.9 million for the first quarter of 2021. Diluted earnings per share were $0.31 for the first quarter, compared to $0.35 for the prior quarter and $0.47 for the same period last year. The first quarter of 2022 included $2.5 million in provision...

PHILADELPHIA, April 20, 2022 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2022. Management Comments “We continue to experience increased levels of physical occupancy and traffic as tenants focus on higher quality, well amenitized buildings,” stated Gerard H. Sweeney, President and Chief Executive Officer for Brandywine Realty Trust. “During the first quarter, we made excellent progress on our 2022 business plan. At the midpoint of our range, we have achieved 84% of our speculative revenue target and, for the quarter, experienced mark-to-market rents increase 20.4% and 12.9% on an accrual and cash basis, respectively. From a development standpoint our 405 Colorado project in Austin, Texas is now over 80% leased and our development projects...

WALLA WALLA, Wash., April 20, 2022 (GLOBE NEWSWIRE) — Banner Corporation (NASDAQ GSM: BANR) (“Banner”), the parent company of Banner Bank, today reported net income of $44.0 million, or $1.27 per diluted share, for the first quarter of 2022, a 12% decrease compared to $49.9 million, or $1.44 per diluted share, for the preceding quarter and a 6% decrease compared to $46.9 million, or $1.33 per diluted share, for the first quarter of 2021. Banner’s first quarter 2022 results include $7.0 million in recapture of provision for credit losses, compared to $5.2 million in recapture of provision for credit losses in the preceding quarter and $9.3 million in recapture of provision for credit losses in the first quarter of 2021. Banner announced that its Board of Directors declared a regular quarterly cash dividend of $0.44 per share. The...

First quarter 2022 net income of $39.7 million, or $0.69 per diluted share Declines in mortgage finance loans driven by rapid increase in interest rates Loans held for investment, excluding mortgage finance and PPP, increased $577.7 million, or 15% annualized DALLAS, April 20, 2022 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the first quarter of 2022. Net income was $39.7 million, or $0.69 per diluted share, for the first quarter of 2022, compared to $65.1 million, or $1.19 per diluted share, for the fourth quarter of 2021 and $71.9 million, or $1.33 per diluted share, for the first quarter of 2021. “A key objective of our strategic plan to transform Texas Capital Bank is to create greater balance through focused growth initiatives across...

SINGAPORE, April 20, 2022 (GLOBE NEWSWIRE) — Triterras Inc. (OTC Expert Market: TRIRF) (“Triterras” or the “Company”), a leading fintech company focused on trade and trade finance, today reported its unaudited interim financial results for the six-months ended August 31, 2021. “Our six-month results demonstrate the resiliency of our business as we generated positive net income, adjusted EBITDA and operating cash flow before changes in working capital, despite the unprecedented challenges in our industry that we noted in our earnings release from March 2022,” said Triterras’ Chairman and CEO Srinivas Koneru. “We are proactively optimizing the technological suite of our Kratos™ platform by improving offerings and adding capabilities to attract new lenders and borrowers, and further expanding our network and revenue potential.” Mr....

Chart 1 Crown Castle International Corp.Chart 2 Crown Castle International Corp.HOUSTON, April 20, 2022 (GLOBE NEWSWIRE) — Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) today reported results for the first quarter ended March 31, 2022 and increased its full year 2022 outlook, as reflected in the table below.(dollars in millions, except per share amounts) Current Full Year 2022 Outlook(a) Full Year 2021 Actual % Change Previous Full Year 2022 Outlook(b) Current Compared to Previous OutlookSite rental revenues $6,265 $5,719 10% $6,225 +$40Income (loss) from continuing operations $1,714 $1,158(c) 48% $1,674 +$40Income (loss) from continuing operations per share—diluted $3.94 $2.67(c) 48% $3.85 +$0.09Adjusted EBITDA(d) $4,332 $3,816 14% $4,272 +$60AFFO(d) $3,201 $3,013 6% $3,201 $—AFFO...

JACKSONVILLE, Fla., April 20, 2022 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) reported record quarterly revenue of $1.971 billion in the 2022 first quarter, a 53 percent increase over revenue of $1.288 billion in the 2021 first quarter; quarterly net income of $124.8 million, an increase of 62 percent over net income of $77.2 million in the 2021 first quarter; and quarterly diluted earnings per share (“DEPS”) of $3.34, an increase of 66 percent compared to $2.01 in the 2021 first quarter. To put these 2022 first quarter results into perspective, the Company’s revenue, net income, and DEPS were the highest amounts achieved in any quarter in Landstar history, surpassing the prior record amounts established in the 2021 fourth quarter. Gross profit in the 2022 first quarter was $214.6 million, an all-time quarterly record,...