Month: April 2022

DUBLIN, Ga., April 28, 2022 (GLOBE NEWSWIRE) — Morris State Bancshares, Inc. (OTCQX: MBLU) (the “Company”), the parent of Morris Bank, today announced net income of $5.2 million for the quarter ending March 31, 2022. This level was in line with the first quarter of 2021’s net income of $5.2 million and below record-level net income of $7.1 million in the fourth quarter of 2021. Tangible book value of the company grew to $66.98 on March 31, 2022, from $56.77, or 15.24%, from the March 31, 2021, and from $64.77 or 3.41% from December 31, 2021. 1st Quarter 2022 Highlights:Returned 1.74% on average assets and 14.87% percent on average tangible common equity Annualized loan growth of 16.76%, or $38.3 million, during the quarter (excluding PPP) Continued strong asset quality, with a net recovery realized in the first 3 months of 2022 Annualized...

LOS ANGELES, April 28, 2022 (GLOBE NEWSWIRE) — Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”), the parent company of Hanmi Bank (the “Bank”), today announced that its Board of Directors declared a cash dividend on its common stock for the 2022 second quarter of $0.22 per share. The dividend will be paid on May 25, 2022, to stockholders of record as of the close of business on May 9, 2022. “We are very pleased with our strong results in the first quarter, driven by strong execution across the business,” said Bonnie Lee, President and Chief Executive Officer. “This dividend reflects the Board’s confidence in Hanmi’s financial strength and outlook, and our commitment to balanced capital allocation.” About Hanmi Financial Corporation Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which...

FAIRFIELD, N.J., April 28, 2022 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended March 31, 2022 of $17.7 million, or $0.25 per diluted share, compared to $18.8 million, or $0.26 per diluted share, for the quarter ended December 31, 2021. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.11 per share, payable on May 25, 2022 to stockholders of record as of May 11, 2022. Craig L. Montanaro, President and Chief Executive Officer, commented, “This quarter was highlighted by outstanding core growth on both sides of the balance sheet as total loans increased $176.8 million, or 14.8% annualized, and core non-maturity deposits increased $66.2 million or 6.8% annualized. While...

CLINTON, N.J., April 28, 2022 (GLOBE NEWSWIRE) — Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, announced that its Board of Directors has declared a cash dividend of $0.11 per common share. Such dividend is payable on June 24, 2022, to shareholders of record as of June 10, 2022. This represents an 10% increase from the $0.10 dividend per common share paid in the prior quarter, and a 22% increase from the $0.09 dividend per common share paid in June 2021. Unity Bancorp, Inc. is a financial service organization headquartered in Clinton, New Jersey, with approximately $2.1 billion in assets and $1.8 billion in deposits. Unity Bank, the company’s wholly owned subsidiary, provides financial services to retail, corporate and small business customers through its 19 retail service centers located in Bergen, Hunterdon,...