Month: April 2022

First quarter 2022 net income of $39.7 million, or $0.69 per diluted share Declines in mortgage finance loans driven by rapid increase in interest rates Loans held for investment, excluding mortgage finance and PPP, increased $577.7 million, or 15% annualized DALLAS, April 20, 2022 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the first quarter of 2022. Net income was $39.7 million, or $0.69 per diluted share, for the first quarter of 2022, compared to $65.1 million, or $1.19 per diluted share, for the fourth quarter of 2021 and $71.9 million, or $1.33 per diluted share, for the first quarter of 2021. “A key objective of our strategic plan to transform Texas Capital Bank is to create greater balance through focused growth initiatives across...

SINGAPORE, April 20, 2022 (GLOBE NEWSWIRE) — Triterras Inc. (OTC Expert Market: TRIRF) (“Triterras” or the “Company”), a leading fintech company focused on trade and trade finance, today reported its unaudited interim financial results for the six-months ended August 31, 2021. “Our six-month results demonstrate the resiliency of our business as we generated positive net income, adjusted EBITDA and operating cash flow before changes in working capital, despite the unprecedented challenges in our industry that we noted in our earnings release from March 2022,” said Triterras’ Chairman and CEO Srinivas Koneru. “We are proactively optimizing the technological suite of our Kratos™ platform by improving offerings and adding capabilities to attract new lenders and borrowers, and further expanding our network and revenue potential.” Mr....

Chart 1 Crown Castle International Corp.Chart 2 Crown Castle International Corp.HOUSTON, April 20, 2022 (GLOBE NEWSWIRE) — Crown Castle International Corp. (NYSE: CCI) (“Crown Castle”) today reported results for the first quarter ended March 31, 2022 and increased its full year 2022 outlook, as reflected in the table below.(dollars in millions, except per share amounts) Current Full Year 2022 Outlook(a) Full Year 2021 Actual % Change Previous Full Year 2022 Outlook(b) Current Compared to Previous OutlookSite rental revenues $6,265 $5,719 10% $6,225 +$40Income (loss) from continuing operations $1,714 $1,158(c) 48% $1,674 +$40Income (loss) from continuing operations per share—diluted $3.94 $2.67(c) 48% $3.85 +$0.09Adjusted EBITDA(d) $4,332 $3,816 14% $4,272 +$60AFFO(d) $3,201 $3,013 6% $3,201 $—AFFO...

JACKSONVILLE, Fla., April 20, 2022 (GLOBE NEWSWIRE) — Landstar System, Inc. (NASDAQ: LSTR) reported record quarterly revenue of $1.971 billion in the 2022 first quarter, a 53 percent increase over revenue of $1.288 billion in the 2021 first quarter; quarterly net income of $124.8 million, an increase of 62 percent over net income of $77.2 million in the 2021 first quarter; and quarterly diluted earnings per share (“DEPS”) of $3.34, an increase of 66 percent compared to $2.01 in the 2021 first quarter. To put these 2022 first quarter results into perspective, the Company’s revenue, net income, and DEPS were the highest amounts achieved in any quarter in Landstar history, surpassing the prior record amounts established in the 2021 fourth quarter. Gross profit in the 2022 first quarter was $214.6 million, an all-time quarterly record,...

ACTON, Mass., April 20, 2022 (GLOBE NEWSWIRE) — Bluejay Diagnostics, Inc. (NASDAQ: BJDX) (“Bluejay”, “the Company”), a pre-revenue medical diagnostics company focused on developing cost-effective, rapid, near-patient products for triage and monitoring of disease progression, today announced financial results for the quarter ended March 31, 2022. Neil Dey, Chief Executive Officer, said “Bluejay continues to prepare for commercial launch of the Symphony IL-6 Test in the U.S. Bluejay’s Symphony platform was designed to provide rapid test results, using whole blood samples, in near-patient settings, to aid in the care of patients with life-threatening diseases. Our lead product candidate, the Symphony IL-6 Test, continues to advance through comprehensive clinical and analytical studies, the results of which will be used to support...

Financial and Operating HighlightsNet income attributable to common stockholders of $0.11 per share for the first quarter of 2022 as compared to net loss of $0.12 per share for the same period in 2021. Funds from operations, or FFO, of $1.65 per share for the first quarter of 2022, as compared to $1.73 per share for the same period in 2021. Signed 37 Manhattan office leases covering 820,989 square feet in the first quarter of 2022, including three new leases totaling 23,599 square feet at One Vanderbilt Avenue bringing it to 97.0% leased. The mark-to-market on signed Manhattan office leases was 15.1% lower for the first quarter of 2022 than the previous fully escalated rents on the same spaces. Same-store cash net operating income, or NOI, including our share of same-store cash NOI from unconsolidated joint ventures, increased by 9.3%...

DALLAS, April 20, 2022 (GLOBE NEWSWIRE) — Triumph Bancorp, Inc. (Nasdaq: TBK) (“Triumph” or the “Company”) today announced earnings and operating results for the first quarter of 2022. As part of how we measure our results, we use certain non-GAAP financial measures to ascertain performance. These non-GAAP financial measures are reconciled in the section labeled “Metrics and non-GAAP financial reconciliation” at the end of this press release. 2022 First Quarter HighlightsFor the first quarter of 2022, net income to common shareholders was $23.5 million, and diluted earnings per share were $0.93. Net interest income was $100.1 million. Non-interest income was $11.1 million. Non-interest expense was $78.6 million. Net interest margin was 7.68%. Yield on loans and the average cost of our total deposits were 8.60% and 0.14%, respectively. Credit...

FREMONT, Calif., April 20, 2022 (GLOBE NEWSWIRE) — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended March 27, 2022 (the “March 2022 quarter”). Highlights for the March 2022 quarter were as follows:Revenue of $4.06 billion. U.S. GAAP gross margin of 44.7%, U.S. GAAP operating income as a percentage of revenue of 29.4%, and U.S. GAAP diluted EPS of $7.30. Non-GAAP gross margin of 44.7%, non-GAAP operating income as a percentage of revenue of 29.4%, and non-GAAP diluted EPS of $7.40.Key Financial Data for the Quarters Ended March 27, 2022 and December 26, 2021 (in thousands, except per-share data, percentages, and basis points) U.S. GAAP    March 2022   December 2021   Change Q/QRevenue   $ 4,060,416     $ 4,226,604     –...

TORONTO, April 20, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions and payment solutions provider, today reported financial results for the fourth quarter and full year ended December 31, 2021. Management Commentary“The progress made in 2021 represents a strong blend of organic and inorganic growth, as we acquired three dynamic companies in the calendar year and made significant progress on LedgerPay commercialization,” said Quisitive CEO Mike Reinhart. “On the cloud solutions side of the business, we saw strong organic growth of 19% including cross selling and services synergies with the Mazik acquisition. In conjunction with the strong organic growth rate we’ve achieved, we are also experiencing early success in the...

RENO, Nev., April 20, 2022 (GLOBE NEWSWIRE) — Monarch Casino & Resort, Inc. (Nasdaq: MCRI) (“Monarch,” “we,” “our,” or “the Company”) today reported record operating results for the first quarter ended March 31, 2022, as summarized below: ($ in thousands, except per share data and percentages)  Three Months Ended March 31,    2022     2021   IncreaseNet revenue $ 108,318   $ 74,960   44.5 %Net income   18,118     8,154   122.2 %Adjusted EBITDA(1) $ 34,342   $ 22,831   50.4 %           Basic EPS $ 0.96   $ 0.44   118.2 %Diluted EPS $ 0.92   $ 0.42   119.0 %(1) Definitions, disclosures and reconciliations of non-GAAP financial information are included later in the release. CEO Comment John Farahi, Co-Chairman and Chief Executive Officer of Monarch, commented: “Fiscal year 2022 is off to a strong start...