Month: April 2022

Disciplined Loan Growth, Strong Deposit Growth, and Rising Net Interest Margin Highlight Q1 Results Well-Positioned Balance Sheet with Strong Capital and Liquidity STUART, Fla., April 28, 2022 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) today reported net income in the first quarter of 2022 of $20.6 million, or $0.33 per diluted share, which includes merger-related costs and a $5.1 million increase in the provision for credit losses associated with acquisition activity during the quarter. First quarter 2022 results represent a decrease of 43% compared to the fourth quarter of 2021, and a decrease of 39% compared to the first quarter of 2021. Adjusted net income1 for the first quarter of 2022 was $27.1 million, or $0.44 per diluted share, which includes...

SAN FRANCISCO, April 28, 2022 (GLOBE NEWSWIRE) —  The Federal Home Loan Bank of San Francisco (Bank) today announced its operating results for the first quarter of 2022. Net income for the first quarter of 2022 was $78 million, a decline of $16 million compared with net income of $94 million for the first quarter of 2021. The $16 million decrease in net income relative to the prior-year period was primarily attributable to a decrease in net interest income of $55 million, which was partially offset by an increase of $39 million in other income/(loss). The $55 million decrease in net interest income for the first quarter of 2022 primarily reflected a net decline in average interest-earning assets of $8.6 billion, mainly a reduction in investment securities of $10.3 billion. Lower yields on interest-earning assets also decreased...

MANCHESTER, NH, April 28, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Minim, Inc. (NASDAQ: MINM), the creator of intelligent networking products, today announces that it will host a conference call and live webcast on May 11, 2022 at 8:30 a.m. eastern time to discuss the results for the first quarter ended March 31, 2022. Conference Call Details· Toll-Free Dial-In Number:  (866) 393-7958 · International Dial-In Number: (706) 643-5255 · Conference ID: 6197831 Please dial-in five minutes prior to the start time of the call and provide the operator with conference ID #6197831. Slides for the call will be made available five minutes prior to the call on the investor information section of the Company’s website, https://ir.minim.com/, which will also host the call recording afterwards. About Minim  Minim, Inc. (NASDAQ: MINM) was...

Houston, April 28, 2022 (GLOBE NEWSWIRE) — Shell Midstream Partners, L.P. (NYSE: SHLX) (the “Partnership” or “Shell Midstream Partners”) reported net income attributable to the Partnership of $158 million for the first quarter of 2022, which equated to $0.36 per diluted common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, income taxes, depreciation and amortization attributable to the Partnership of $182 million. Total cash available for distribution was $157 million, which is $15 million higher than the prior quarter. The increasewas largely driven by increased volumes across our systems, which were impacted by repairs related to Hurricane Ida in the prior quarter. Repairs to the West Delta facility were completed in early November 2021, such that all Partnership assets were...

VANCOUVER, Wash., April 28, 2022 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $4.1 million, or $0.19 per diluted share, in the fourth fiscal quarter ended March 31, 2022, compared to $5.5 million, or $0.25 per diluted share, in the preceding quarter and $3.4 million, or $0.15 per diluted share, in the fourth fiscal quarter a year ago. For fiscal 2022, net income more than doubled to a record $21.8 million, or $0.98 per diluted share, compared to $10.5 million, or $0.47 per diluted share, in fiscal 2021. “We delivered strong fourth quarter and record fiscal year 2022 results, highlighted by substantial loan growth, strong loan production and solid revenue growth,” stated Kevin Lycklama, president and chief executive officer. “We had exceptional organic loan...

Sanoma Corporation, Stock Exchange Release, 29 April 2022 at 8:30 EET Sanoma Corporation, Interim Report January-March 2022: Solid start to the year This release is a summary of Sanoma’s Interim Report January-March 2022. The complete report is attached to this release and is also available at www.sanoma.com/en/investors. Q1 2022  The Group’s net sales were stable at EUR 211 million (2021: 210). The Group’s comparable net sales growth was 1% (2021: 3%). Operational EBIT excl. PPA was negative due to the typical seasonal pattern in the learning business and amounted to EUR -10 million (2021: -10). EBIT was EUR -22 million (2021: -24). Items affecting comparability (IACs) were EUR -3 million (2021: -5). Purchase price allocation adjustments and amortisations (PPAs) were EUR 9 million (2021: 9). Operational EPS was EUR -0.10 (2021: -0.12). EPS...

CONSTI PLC INTERIM REPORT 29 APRIL 2022, at 8.30 a.m.                         Consti Plc Interim Report for January – March 2022 SOLID PERFORMANCE CONTINUED 1–3/2022 highlights (comparison figures in parenthesis 1–3/2021):Net sales EUR 59.8 (59.3) million; growth 0.9% EBITDA EUR 1.4 (0.9) million and EBITDA margin 2.3% (1.5%) Adjusted operating result (EBIT) EUR 0.4 (0.5) million and Adjusted EBIT margin 0.6% (0.8%) Operating result (EBIT) EUR 0.4 (0.1) million and EBIT margin 0.6% (0.2%) Order backlog EUR 205.1 (196.5) million; growth 4.4% Order intake EUR 37.6 (69.8) million; change -46.2% Free cash flow EUR -0.8 (-2.9) million Earnings per share EUR 0.01 (-0.02)                Guidance on the Group outlook for 2022: The Company estimates that its operating result for 2022 will be in the range of EUR 9-13 million.KEY FIGURES (EUR...

Amsterdam, 29 April 2022 – Brunel International N.V. (Brunel; BRNL), a global provider of flexible workforce solutions and expertise, today announced its first quarter (Q1) 2022 results. Key points Q1 2022Revenue of EUR 275 million, up 29%, 18% growth like-for-like EBIT up 46% to EUR 15.6 million Strategy continues to gain traction with strong need for specialists and engineering solutions across global industries; all regions growing and profitable Updated ESG strategy to accelerate commitments: Net zero emission in 2022 Acceleration in renewable recruitment solutions through Taylor Hopkinson acquisition. Integration on track; market leadership position strengthened Operational leverage further enhanced with a conversion to EBIT of 39% of the increase in gross profit Strong cash position maintained at EUR 103 million Brunel is in...

Company Announcement for the First Quarter 2022 Kamilla Hammerich Skytte, CEO, comments on the financial results: “We saw a positive development in the loan portfolio, which grew from DKK 793 billion in the first quarter of 2021 to DKK 809 billion in the first quarter of 2022. We also saw strong activity on the back of the significant increase in interest rates. In the first quarter of 2022, we saw a significant remortgaging activity and we helped more than 2,500 customers who wanted to remortgage to a higher coupon. Corona-related losses remained at a low level in the first quarter. However, we reaffirm our existing estimate of loan impairment charges due to the uncertainty caused by the war in Ukraine, rising energy prices and significantly higher interest rate levels. It is our assessment that the Danish economy and most homeowners...

Press release  Holmens Kanal 2 – 12DK-1092 København KTel. +45 45 14 14 00 29 April 2022Solid start to the year driven by progress and resilience in our core banking business as well as strong credit quality amid challenging circumstancesNet profit of DKK 2.8 billion for the first quarter of 2022 Carsten Egeriis, Chief Executive Officer, comments on the financial results: “The beginning of the year has been marked by the terrible war in Ukraine. This is something that affects us all deeply, and I would like to express my deepest compassion with everyone affected by the Russian invasion. As part of the global financial system, Danske Bank takes its responsibility very seriously when it comes to implementing sanctions against Russia and excluding investments in Russia from our customers’ portfolios. We have supported and will continue...