Day: May 6, 2022

DOYLESTOWN, Penn., May 06, 2022 (GLOBE NEWSWIRE) — HV Bancorp, Inc. (the “Company” or “HVB”) (Nasdaq Capital Market: HVBC), the holding company of Huntingdon Valley Bank (the “Bank”), reported operating results for the quarter ended March 31, 2022. Net income for the quarter ended March 31, 2022, was $601,000 ($0.30 per basic share of common stock and $0.29 per diluted share of common stock) versus net income of $1.3 million ($0.66 per basic share of common stock and $0.65 per diluted share of common stock) for the quarter ended March 31, 2021. Book value per share increased from $18.32 per share of common stock to $19.13 per share of common stock at March 31, 2022 over the same period. For the quarter ended March 31, 2022, net interest income was $3.6 million and continues to expand with an increase 11% over the first quarter...

CONCORD, Mass., May 06, 2022 (GLOBE NEWSWIRE) — Technical Communications Corporation (OTCQB: TCCO) today announced its results for the three and six months ended March 26, 2022. The Company reported a net loss of $(522,000), or $(0.28) per share, on revenue of $565,000 for the quarter ended March 26, 2022, compared to a net loss of $(329,000), or $(0.18) per share, on revenue of $617,000 for the quarter ended March 27, 2021. For the six months ended March 26, 2022, the Company reported a net loss of $(1,136,000), or $(0.61) per share, on revenue of $989,000, compared to a net loss of $(671,000), or $(0.36) per share, on revenue of $783,000 for the six months ended March 27, 2021. Carl H. Guild Jr., President and CEO of Technical Communications Corporation, commented, “The Company continues to be impacted by the international COVID...

FARGO, N.D., May 06, 2022 (GLOBE NEWSWIRE) — NI Holdings, Inc. (NASDAQ: NODK) today reported net income attributable to NI Holdings of $1.9 million ($0.09 per share) and return on average equity of 2.3% for the quarter ended March 31, 2022, compared to net income of $9.7 million ($0.45 per share) and return on average equity of 11.2% in the prior year quarter.Direct written premiums grew 4.3%, driven by our commercial and home and farm segments. Total underwriting gain increased 20.9% to $6.1 million, driven by increased year-over-year profitability in our home and farm segment. The return on average equity was 2.3% compared to 11.2% in the prior year quarter, due to a significant reduction in unrealized investment gains as a result of unfavorable equity market conditions, partially offset by improved underwriting results. Total...

REDWOOD CITY, Calif., May 06, 2022 (GLOBE NEWSWIRE) — Allakos Inc. (the “Company”) (Nasdaq: ALLK), a biotechnology company developing lirentelimab (AK002) and AK006 for the treatment of allergic and inflammatory diseases, today provided a business update and reported financial results for the first quarter ended March 31, 2022. Recent EventsInitiated a Phase 2 randomized, double-blind, placebo-controlled study of subcutaneous lirentelimab in patients with moderate-to-severe atopic dermatitis in the fourth quarter of 2021. Hosted an Investor Day on February 15, 2022 to provide the results and learnings from the ENIGMA 2 and KRYPTOS studies as well as the next steps in the lirentelimab and AK006 development program. Additionally, we announced a restructuring plan with expected charges associated with exiting certain contractual...

Q1-22 HighlightsGenerated record net income of $17.1 million, or $21.70 per share; Achieved return on average assets of 1.29% and return on average equity of 14.65%; Total assets grew $690 million, or 14.6%, year-over-year to $5.4 billion; Total deposits increased $596 million, or 14.1%, year-over-year to $4.8 billion; Loans held for investment grew $322 million, or 10.4%, year-over-year to $3.2 billion, excluding $196 million in forgiven SBA PPP loans; Cash and liquid investment securities increased $529 million, or 36.8%, to $2.0 billion due primarily to strong growth in total core deposits. The Company’s efficiency ratio improved to 51.1% for the first quarter.LODI, Calif., May 06, 2022 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants...