Day: April 27, 2022

Net Income of $24.7 million, EPS of $0.32 Increases Quarterly Dividend 4% BOSTON, MA, April 27, 2022 (GLOBE NEWSWIRE) — Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $24.7 million, or $0.32 per basic and diluted share, for the first quarter of 2022, compared to net income of $28.5 million, or $0.37 per basic and diluted share, for the fourth quarter of 2021, and net income of $26.5 million, or $0.34 per basic and diluted share, for the first quarter of 2021. Paul Perrault, Chairman and Chief Executive Officer of the Company commented on the first quarter earnings, “I am pleased to report solid earnings for the first quarter of $24.7 million or $0.32 per share.” Perrault continued, “Our bankers continued to generate strong loan and deposit growth during the first quarter. Asset quality continues...

WASHINGTON, April 27, 2022 (GLOBE NEWSWIRE) — Washington Real Estate Investment Trust (“WashREIT” or the “Company”) (NYSE: WRE), a multifamily REIT with properties in the Washington metro area and the Southeast, reported financial and operating results today for the quarter ended March 31, 2022: Financial ResultsNet loss was $7.7 million, or $0.09 per diluted share NAREIT FFO was $14.5 million, or $0.17 per diluted share Core FFO was $0.20 per diluted shareOperational HighlightsNet Operating Income (NOI) was $30.7 million Same-store multifamily NOI increased by 7.9% compared to the prior year period and is building for the second half of 2022 Effective new Lease Rate Growth was 10.0%, effective renewal Lease Rate Growth was 9.2%, and effective blended Lease Rate Growth was 9.5% during the quarter for our same-store portfolio Effective...

MATTOON, Ill., April 27, 2022 (GLOBE NEWSWIRE) — First Mid Bancshares, Inc. (NASDAQ: FMBH) (the “Company”) today announced its financial results for the quarter ended March 31, 2022. HighlightsNet income of $16.6 million, or $0.86 diluted EPS Adjusted net income (non-GAAP) of $18.7 million, or $0.96 diluted EPS Completed the acquisition of Delta Bancshares Company (“Delta”) and its subsidiary Jefferson Bank and Trust (“Jefferson”) on February 14, 2022 Strong quarter of wealth management and insurance revenues delivering on our unique diversification Board of Directors declared regular quarterly dividend of $0.22 per share“We are off to a great start in 2022 with strong earnings across our diversified revenue streams,” said Joe Dively, Chairman and Chief Executive Officer. “The quarter was highlighted by the closing of the Delta...

SCOTTSDALE, Ariz., April 27, 2022 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), a leading U.S. homebuilder, reported first quarter results for the period ended March 31, 2022. Summary Operating Results (unaudited)(Dollars in thousands, except per share amounts)    Three Months Ended March 31,    2022   2021   % ChgHomes closed (units)     2,858     2,890   (1) %Home closing revenue   $ 1,245,456   $ 1,079,982   15 %Average sales price – closings   $ 436   $ 374   17 %Home orders (units)     3,874     3,458   12 %Home order value   $ 1,767,710   $ 1,349,130   31 %Average sales price – orders   $ 456   $ 390   17 %Ending backlog (units)     6,695     5,240   28 %Ending backlog value   $ 3,038,927   $ 2,082,259   46 %Average sales price – backlog   $ 454   $ 397   14 %Earnings...

First quarter comparable store sales growth of 4.8%, two-year stack increase of 29.6% 34.4% two-year compounded growth in first quarter diluted earnings per share CFO transition plan announcedSPRINGFIELD, Mo., April 27, 2022 (GLOBE NEWSWIRE) — O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue for its first quarter ended March 31, 2022, and announced the transition plan for Tom McFall, Executive Vice President and CFO. 1st Quarter Financial ResultsGreg Johnson, O’Reilly’s President and CEO, commented, “We are pleased to report another profitable quarter, highlighted by a 4.8% increase in comparable store sales, which is on top of the record 24.8% comparable store sales growth we delivered in the first quarter last year,...

Continued Top Line Growth and Margin Improvement JERSEY CITY, N.J., April 27, 2022 (GLOBE NEWSWIRE) —  Bel Fuse Inc. (Nasdaq: BELFA and BELFB) today announced preliminary financial results for the first quarter of 2022. First Quarter 2022 Highlights• Net sales of $136.7 million, up 23.6% from Q1-21• Gross profit margin of 25.0%, up from 21.9% in Q1-21• Net earnings of $5.1 million versus $3.2 million in Q1-21• Adjusted EBITDA of $11.6 million, representing a 3.7x increase compared to Q1-21• Ended quarter with backlog of orders of $525 million, an increase of 12% from December 31, 2021“Bel continued its strong momentum with a great start to 2022 and we are pleased to announce the fifth consecutive quarter of year-over-year sales growth with improved margins. All three business units are performing exceptionally...

HARRISBURG, Pa. , April 27, 2022 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB), the parent company of Mid Penn Bank (the “Bank”) and MPB Financial Services, LLC, today reported net income available to common shareholders (earnings) for the quarter ended March 31, 2022 of $11,354,000 or $0.71 per common share basic and diluted compared to earnings of $9,312,000 or $1.11 per common share basic and $1.10 per common share diluted for the quarter ended March 31, 2021 and earnings of $607,000 or $0.05 per common share basic and diluted for the quarter ended December 31, 2021. Earnings for the quarter ended March 31, 2022 reflect a 22 percent increase over the same period in the prior year.   The results for the three months ended March 31, 2022 include post-acquisition restructuring expenses of $329,000 resulting...

The financial and operational information contained in this press release is based on unaudited consolidated condensed interim financial statements presented in U.S. dollars and prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standard Board and adopted by the European Union, or IFRS. Additionally, this press release includes non-IFRS alternative performance measures i.e., EBITDA, Net cash / debt, Free Cash Flow and Operating working capital days. See exhibit I for more details on these alternative performance measures. LUXEMBOURG, April 27, 2022 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) today announced its results for the quarter ended March 31, 2022 in comparison with its results for the quarter ended March 31, 2021. Summary...

First Quarter 2022 ResultsRevenues increased to $172.0 million from $124.5 million a year ago, primarily due to the successful acquisition of Alaska Communications. Net loss was $0.9 million versus net income of $2.7 million a year ago. EBITDA1 increased to $36.7 million from $23.9 million a year ago. Adjusted EBITDA2 increased to $40.6 million from $24.7 million a year ago. Capital expenditures were $34.5 million. Total cash, cash equivalents and restricted cash was $76.8 million as of March 31, 2022.BEVERLY, Mass., April 27, 2022 (GLOBE NEWSWIRE) — ATN International, Inc. (“ATN” or the “Company”) (Nasdaq: ATNI), a leading provider of digital infrastructure and communications services, today reported results for the first quarter ended March 31, 2022. “We started off 2022 on the right foot, expanding our subscriber counts...

WILMINGTON, N.C., April 27, 2022 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (Nasdaq: LOB) (“Live Oak” or “the Company”) today reported first quarter of 2022 net income of $34.5 million, or $0.76 per diluted share. “Live Oak Bank continues to focus on soundness, profitability and growth – in that order – and this quarter sustains the momentum of our franchise with strong balance sheet growth, credit quality and a differentiated model dedicated to America’s small business owners,” said Live Oak Chairman and CEO James S. (Chip) Mahan, III. “The beginning of 2022 provided continued indications that the small business market is robust and there remain many exciting opportunities for Live Oak to serve American entrepreneurs on a next-generation platform.” First Quarter 2022 Key Measures(Dollars in thousands, except per share data)                   Increase...