Month: April 2022

SPRINGFIELD, Mo., April 29, 2022 (GLOBE NEWSWIRE) — Paul Mueller Company (OTC: MUEL) today announced earnings for the quarter ended March 31, 2022.PAUL MUELLER COMPANYTHREE-MONTH REPORTUnaudited(In thousands)CONSOLIDATED STATEMENTS OF INCOME                         Three Months Ended   Twelve Months Ended      March 31   March 31      2022   2021   2022   2021                   Net Sales   $ 40,775     $ 45,279     $ 180,109     $ 204,235  Cost of Sales     31,861       31,838       136,190       141,852  Gross Profit   $ 8,914     $ 13,441     $ 43,919     $ 62,383  Selling, General and Administrative Expense     10,240       11,308       42,816       44,958  Goodwill Impairment Expense     –       –       –       15,397  Operating Income (Loss)   $ (1,326 )   $ 2,133     $ 1,103     $ 2,028  Interest...

HighlightsRevenues increased $3.7 million. Net Income rose by $5.2 million. Diluted EPS up $0.29 per share. Sale of Delaware regulated wastewater subsidiary.ISELIN, N.J., April 29, 2022 (GLOBE NEWSWIRE) — Middlesex Water Company (“Middlesex” or the “Company”) (NASDAQ:MSEX) a provider of water and wastewater services, today reported first quarter financial results. First Quarter 2022 ResultsQuarterly consolidated operating revenues rose $3.7 million to $36.2 million compared to the same period in 2021. Revenues in our Middlesex System increased $3.8 million primarily due to the January 1, 2022 New Jersey Board of Public Utilities approved base rate increase. In our Delaware system, revenues increased $0.7 million due to customer growth and a one-time customer credit refund issued in the first quarter of 2021. This increase was...

DUNMORE, Pa., April 29, 2022 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, “FNCB”) today reported net income of $4.4 million, or $0.22 per basic and diluted share, for the three months ended March 31, 2022, a decrease of $1.4 million, or 25.4%, compared to $5.8 million, or $0.29 per share for the same period of 2021. The reduction in earnings was largely due to increases in non-interest expense and the provision for loan and lease losses, coupled with a decrease in non-interest income. These reductions to earnings were partially mitigated by an increase in net interest income. For the three months ended March 31, 2022, the annualized return on average assets and return on average equity was 1.08% and 11.31%, respectively,...

SALINAS, Calif., April 29, 2022 (GLOBE NEWSWIRE) — 1st Capital Bancorp (the “Company”), (OTCQX: FISB), the $1.01 billion asset bank holding company and parent company of 1st Capital Bank (the “Bank”), today reported unaudited net income of $2.09 million for the quarter ended March 31, 2022, an increase of 10.65% compared to net income of $1.89 million for the quarter ended December 31, 2021, and an increase of 36.12% compared to net income of $1.54 million for the quarter ended March 31, 2021. Financial Highlights Performance highlights for the quarter ended March 31, 2022, as compared to the quarter ended December 31, 2021, and the quarter ended March 31, 2021:Earnings per share (diluted) were $0.37 for the first quarter of 2022, as compared to $0.33 and $0.27 for the quarters ended December 31, 2021 and March 31, 2021, respectively.For...