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Month: July 2022

CMUV Bancorp Announces 2022 2nd Quarter Financial Results

EL CENTRO, CA, July 22, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – CMUV Bancorp, the holding company for Community Valley Bank, is pleased to announce unaudited 2nd quarter results for the quarter ending June 30, 2022. Net Income came in at $1,009,044. The net income number equaled $0.55 per share. Total assets reached $295 MM. Total deposits were at $256.9 MM. Gross loans surpassed $206.6 MM. We ended the 2nd quarter 2022 with a Community Bank Leverage Capital ratio of 10.97%. This is well above the ratio required to be considered a well-capitalized bank. Our Allowance for Loan and Lease Losses ended the quarter at $2,369,670, or 1.14% of total loans. Non-accrual loans and Past Due loans remain very low at 0.91%. Both Board and Management believe the ALLL is fully funded at this time. June 30, 2022 book value of the common stock...

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UPDATE – The Becker Milk Company Limited: 2022 Annual Financial Results

TORONTO, July 22, 2022 (GLOBE NEWSWIRE) — The Becker Milk Company Limited (the “Company”) (TSX-BEK.B) is pleased to report the results for the year ended April 30, 2022. HIGHLIGHTSTotal revenues for the year ended April 30, 2022 were $2,670,042 compared to $3,097,155 for the same period in 2021; Net operating income for the year was $2,121,894 compared to $2,367,836 in 2021; Net income for the year was $3.13 per share, compared to $1.96 per share in 2021.FINANCIAL HIGHLIGHTS Net operating income for the year ended April 30, 2022 decreased $245,942 to $2,121,894 as compared with the previous year, primarily as a result of non-recurring adjustments to property revenue resulting from completion of negotiations with Mac’s Convenience Stores Inc. regarding base rents for most of its locations. In determining net operating income...

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Friedman Industries, Incorporated Announces Fourth Quarter and Fiscal Year 2022 Results and Provides Post Plateplus Transaction Update

LONGVIEW, Texas, July 22, 2022 (GLOBE NEWSWIRE) — Friedman Industries, Incorporated (NYSE – American; trading symbol: FRD) FOURTH QUARTER AND FISCAL YEAR 2022 RESULTS The Company announced today its results of operations for the quarter and year ended March 31, 2022. For the quarter ended March 31, 2022 (the “2022 quarter”), the Company recorded a net loss of $7,461,256 ($1.11 diluted loss per share) on sales of $75,091,475 compared to net earnings of $10,403,597 ($1.50 diluted earnings per share) on net sales of $49,214,204 for the quarter ended March 31, 2021 (the “2021 quarter”). The 2022 quarter results were negatively impacted by margin compression associated with declining steel prices at the time and a net recognized loss of approximately $13.9 million related to hot-rolled coil derivative instruments. Results for the 2021...

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Ninepoint Partners Announces July 2022 Cash Distributions for ETF Series Securities

TORONTO, July 22, 2022 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint Partners”) today announced the July 2022 cash distributions for its ETF Series securities. The record date for the distributions is July 29, 2022 for Ninepoint High Interest Savings Fund and August 2, 2022 for Ninepoint Alternative Credit Opportunities Fund, Ninepoint Energy Income Fund and Ninepoint Target Income Fund. All distributions are payable on August 9, 2022. The per-unit July distributions are detailed below:Ninepoint ETF Series Ticker Distribution per unit Notional Distributionper unit CUSIPNinepoint High Interest Savings Fund NSAV $0.13398 $0.00000 65443X105Ninepoint Alternative Credit Opportunities Fund NACO $0.10731 $0.00000 65443Q100Ninepoint Energy Income Fund NRGI $0.08333 $0.00000 65444A104Ninepoint Target Income Fund TIF $0.10000 $0.00000 65446C108About...

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Fidelity D & D Bancorp, Inc. Third Quarter 2022 Dividend

DUNMORE, Pa., July 22, 2022 (GLOBE NEWSWIRE) — The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company’s third quarter dividend of $0.33 per share. The dividend is payable September 9, 2022 to shareholders of record at the close of business on August 19, 2022. Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Bank’s 22 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank provides a digital and virtual experience via digital services and digital account opening through online banking and mobile app. For more information visit our investor relations...

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Timbercreek Financial Declares July 2022 Dividend

TORONTO, July 21, 2022 (GLOBE NEWSWIRE) — Timbercreek Financial (TSX: TF) (the “Company”) is pleased to announce that it has declared a monthly cash dividend of $0.0575 per common share (“Common Share”) of the Company to be paid on August 15, 2022 to holders of Common Shares of record on July 29, 2022. The Company also offers a Dividend Reinvestment Plan (the “Plan”), which is eligible to holders of Common Shares and provides a convenient means to purchase additional Common Shares by reinvesting cash dividends at a potential discount and without having to pay commissions, service charges or brokerage fees. Pursuant to the Plan and at the discretion of Timbercreek Capital Inc., the Manager, Common Shares will be acquired in the open market at prevailing prices or issued from treasury at 98 percent of the average market price (the...

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Farmers & Merchants Bancorp, Inc. Reports Record 2022 Second-Quarter and Year-to-Date Financial Results

ARCHBOLD, Ohio, July 21, 2022 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2022 second quarter and year-to-date June 30, 2022. 2022 Second Quarter Financial and Operating Highlights (on a year-over-year basis unless noted):Net income increased 66.0% to a quarterly record of $8.3 million, from $5.0 million Earnings increased 43.2% to $0.63 per basic and diluted share, from $0.44 per basic and diluted share Average shares outstanding increased 16.8% as a result of the Perpetual Federal Savings Bank Acquisition Efficiency rate improved to 50.17% Organic loan growth of 19.9%, excluding PPP loans and loan balances at time of acquisitions Total loans were a record of $2.035 billion and increased 9.6% from $1.857 billion at December 31, 2021 Total assets increased...

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Heartland Financial USA, Inc. (“HTLF”) Declares Quarterly Cash Dividend

DUBUQUE, Iowa, July 21, 2022 (GLOBE NEWSWIRE) — Heartland Financial USA, Inc. (NASDAQ: HTLF), operating under the brand name HTLF, announced its Board of Directors approved a quarterly cash dividend of $0.27 per share of the company’s common stock payable on August 26, 2022, to stockholders of record at the close of business on August 12, 2022. As of June 30, 2022, there were 42,439,439 common shares outstanding listed on the NASDAQ Global Select Market under the symbol HTLF. About HTLFHeartland Financial USA, Inc., operating under the brand name HTLF, is a financial services company with assets of $19.2 billion. HTLF’s banks serve communities in Arizona, California, Colorado, Illinois, Iowa, Kansas, Minnesota, Missouri, Montana, New Mexico, Texas and Wisconsin. HTLF is committed to its core commercial business, supported...

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Tri Pointe Homes, Inc. Reports 2022 Second Quarter Results

-Diluted Earnings Per Share of $1.33--Homebuilding Gross Margin Percentage of 27.2%--Monthly Absorption Rate of 3.7--Backlog Dollar Value up 18% Year-Over-Year- INCLINE VILLAGE, Nev., July 21, 2022 (GLOBE NEWSWIRE) — Tri Pointe Homes, Inc. (the “Company”) (NYSE:TPH) today announced results for the second quarter ended June 30, 2022. “Tri Pointe Homes delivered another quarter of strong top- and bottom-line results for the second quarter of 2022,” said Doug Bauer, Tri Pointe Homes Chief Executive Officer. “Home sales revenue eclipsed the $1 billion mark for the quarter thanks to our operating teams who once again did an outstanding job managing backlog, overcoming labor and supply chain issues and delivering homes in a timely manner. Home sales gross margin percentage was 27.2% for the quarter, a record for our company, while SG&A...

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Texas Capital Bancshares, Inc. Announces Second Quarter 2022 Results

Second quarter 2022 net income of $34.2 million and net income available to commonstockholders of $29.8 million, or $0.59 per diluted share Pre-Provision Net Revenue(1) grew $16.7 million (33%) linked quarter Total loans held for investment increased $2.4 billion (11%) linked quarter DALLAS, July 21, 2022 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the second quarter of 2022. Net income available to common stockholders was $29.8 million, or $0.59 per diluted share, for the second quarter of 2022, compared to $35.3 million, or $0.69 per diluted share, for the first quarter of 2022 and $67.2 million, or $1.31 per diluted share, for the second quarter of 2021. “We continue to execute on our strategic vision laid out nearly eleven months...

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