Month: April 2022

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...

WHITE PLAINS, N.Y., April 27, 2022 (GLOBE NEWSWIRE) — NorthEast Community Bancorp, Inc. (Nasdaq: NECB) (the “Company”), the parent holding company of NorthEast Community Bank (the “Bank”), reported net income of $3.6 million, or $0.23 per basic and diluted common share, for the quarter ended March 31, 2022 compared to net income of $3.2 million, or $0.20 per basic and diluted common share, for the quarter ended March 31, 2021. Kenneth A. Martinek, NorthEast Community Bancorp’s Chairman of the Board and Chief Executive Officer, stated “We are pleased to report a strong start to 2022, with net income of $3.6 million for the first quarter due to the strong performance of our loan portfolio and no loans past due or in foreclosure at March 31, 2022. Despite the continuing COVID-19 pandemic, loan demand remained strong with originations...

TORONTO, April 27, 2022 (GLOBE NEWSWIRE) — YAMANA GOLD INC. (TSX:YRI; NYSE:AUY; LSE:AUY) (“Yamana” or the “Company”) is herein reporting its financial and operational results for the first quarter of 2022. Production totalled 238,617 gold equivalent ounces (“GEO”)(2) at total cost of sales, cash costs(1) and all-in sustaining costs (“AISC”)(1) of $1,212, $734 and $1,084 per GEO(2) respectively. The standout production results, combined with the low cost performance, underpinned the strong cash flow generation including $151.7 million in cash flows from operating activities and $197.3 million in cash flows from operating activities before net change in working capital. The Company expects free cash flow to increase quarter-over-quarter with the strongest free cash flow generation anticipated in the...

MICHIGAN CITY, Ind., April 27, 2022 (GLOBE NEWSWIRE) — (NASDAQ GS: HBNC) — Horizon Bancorp, Inc. (“Horizon” or the “Company”) announced its unaudited financial results for the three months ending March 31, 2022. “The intentional build out of Horizon’s lending teams, technology, durable customer relationships, and low–cost Midwest deposit franchise is reflected in the Company’s first quarter loan growth, higher fees and pre–tax, pre–provision net income, and record earnings,” Chairman and CEO Craig M. Dwight said. “We believe our asset sensitive balance sheet, strong credit quality and scalable business model will continue to provide an excellent foundation for organic growth in commercial and consumer lending, revenue and profits, along with incremental improvement in operating leverage through 2022.” First Quarter 2022 HighlightsNet...

ST. PETERSBURG, Fla., April 27, 2022 (GLOBE NEWSWIRE) —Domestic Private Client Group net new asset(1) growth of 11% over the prior 12 months and nearly 9% annualized for the fiscal second quarter Quarterly net revenues of $2.67 billion, up 13% over the prior year’s fiscal second quarter and down 4% compared to the record set in the preceding quarter Quarterly net income of $323 million, or $1.52 per diluted share, and quarterly adjusted net income of $331 million(2), or $1.55 per diluted share(2) Client assets under administration of $1.26 trillion(3), record Private Client Group (PCG) assets in fee-based accounts of $678.0 billion(3), and financial assets under management of $193.7 billion Record PCG financial advisors of 8,730(3), net increases of 403 over March 2021 and 266 over December 2021 Record clients’ domestic...

RUSTON, La., April 27, 2022 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (Nasdaq: OBNK) (“Origin” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $20.7 million, or $0.87 diluted earnings per share for the quarter ended March 31, 2022, compared to net income of $28.3 million, or $1.20 diluted earnings per share for the quarter ended December 31, 2021, and net income of $25.5 million, or $1.08 diluted earnings per share for the quarter ended March 31, 2021. “Origin had another strong quarter as our bankers drove significant loan and deposit growth by building meaningful, long-term relationships,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “I am very pleased with the core fundamentals of our business and how we are positioned as we move forward.” First Quarter...