Month: October 2022

EFFINGHAM, Ill., Oct. 31, 2022 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.29 per share of its common stock. The dividend is payable on November 21, 2022 to all shareholders of record as of the close of business on November 14, 2022. The Board of Directors also declared a cash dividend of $27.56 per share on its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, or $0.689 per depositary share. The dividend will be payable on December 30, 2022 to stockholders of record as of December 15, 2022. The dividend declared reflects the payment for the initial Series A dividend period from and including August 24, 2022, which was the original issue date of the Series A preferred stock, to but excluding December...

INCREASING DEMAND FOR AUTOMATION AND DIGITAL MARKETING PLATFORMS DRIVING THE GROWTH OF THE MARKET Chicago, Oct. 31, 2022 (GLOBE NEWSWIRE) — The Global Marketing Automation Market size is expected to grow from 5.2 billion in 2022 to USD 9.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period, according to a new report by MarketsandMarkets™. Marketing Automation software and services are rapidly gaining acceptance globally by large enterprises as well as mid-sized enterprises and small enterprises due to various benefits, growing adoption of automation and digitalization. The presence of many marketing automation providers has made the market competitive. Many emerging players providing niche and differentiated offerings for target customers have come to the forefront. The growing trend...

Rising demand for display-based medical equipment, including ventilators and respirators, due to COVID-19 pandemic Chicago, Oct. 31, 2022 (GLOBE NEWSWIRE) — The report “Display Market Display Market by Product (Smartphones, Wearables, Television Sets, Signage, Tablets), Resolution, Display Technology (LCD, OLED, Direct-View LED, Micro-LED), Panel Size, Vertical, and Geography (2021-2026)”, The global display market size was valued at USD 148.4 billion in 2021 and is projected to reach USD 177.1 billion by 2026. It is expected to grow at a CAGR of 3.6% during the forecast period. Surging adoption of OLED displays in various applications, increasing use of LED displays for video wall, TVs, and digital signage applications, growing demand for interactive displays in various applications, and rising demand for display-based...

BALLOON SINUS. DILATION DEVICES SEGMENT TO HOLD THE LARGEST SHARE OF SURGICAL DEVICES SEGMENT OF ENT DEVICES MARKET DURING THE FORECAST PERIOD (2021-2026) Chicago, Oct. 31, 2022 (GLOBE NEWSWIRE) — According to the new market research report “ENT Devices Market by product (Diagnostic (Endoscope, Hearing Screening Devices), Surgical Devices, (Powered Surgical Instruments, ENT Supplies, Ear Tubes), Hearing Aids, CO2 Lasers, & End Users (Hospital & ASCs, ENT Clinics)- Global Forecast to 2026″, the global ENT Devices market size is projected to reach USD 22.3 billion by 2026 from USD 16.2 billion in 2021, at a CAGR of 6.6%. Browse in-depth TOC on “ENT Devices Market“226 – Tables 38 – Figures319 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=150060281 Scope...

SALISBURY, Md., Oct. 31, 2022 (GLOBE NEWSWIRE) — Partners Bancorp (NASDAQ: PTRS) (the “Company”), the parent company of The Bank of Delmarva (“Delmarva”), Seaford, Delaware, and Virginia Partners Bank (“Virginia Partners”), Fredericksburg, Virginia, reported net income attributable to the Company of $4.1 million, or $0.23 per share, for the three months ended September 30, 2022, a $1.4 million or 52.5% increase when compared to net income attributable to the Company of $2.7 million, or $0.15 per share, for the same period in 2021. For the nine months ended September 30, 2022, the Company reported net income attributable to the Company of $9.4 million, or $0.52 per share, a $3.5 million or 58.0% increase when compared to net income attributable to the Company of $5.9 million, or $0.33 per share, for the same period in 2021. As previously...

October 31, 2022 Cool Company Ltd. (“CoolCo” or “the Company”, ticker: COOL.OL) announced today that the Board of Directors has approved the initiation of a dividend policy under which it intends to allocate its free cash flow to equity primarily to the payment of a quarterly dividend. Following CoolCo’s formation in early 2022, the Company has realized material benefit from its pure-play exposure to a rapidly strengthening charter market for modern Tri-Fuel Diesel Electric (“TFDE”) LNG carriers. Against CoolCo’s second quarter 2022 Daily Time Charter Equivalent Earnings (“TCE”) of approximately $62,000 per day and an all-in cash breakeven for the fleet of approximately $54,000 per day, the Company has secured the following vessel charters that materially increase CoolCo’s free cash flow generation profile for an extended period:In April...

HOLLAND LANDING, Ontario, Oct. 29, 2022 (GLOBE NEWSWIRE) — Inscape Corporation (“Inscape” or the “Company”) (TSX: INQ), today announced that it has entered into a Support Agreement with HUK 121 Limited (the “Offeror”), a subsidiary of Hilco Capital Limited UK (“Hilco”), under which the Offeror has agreed to initiate a take-over bid to acquire all of the Company’s outstanding subordinated voting shares (the “Shares”) for $0.007 in cash per Share (the “Offer Price”) by way of a friendly take-over bid (the “Offer”). In connection with the Offer, certain shareholders of the Company (the “Locked Up Shareholders”) who collectively represent over 80% of the Shares, have entered into “hard” Lock-Up Agreements with the Offeror under which such shareholders have agreed to support the Offer and to deposit their Shares under the Offer (the...

OAKLAND, Calif., Oct. 28, 2022 (GLOBE NEWSWIRE) — Bay Community Bancorp, (OTCPink: CBOBA) (the “Company”), parent company of Community Bank of the Bay, (the “Bank”) a San Francisco Bay Area commercial bank and certified Community Development Financial Institution (“CDFI”) with full-service offices in Oakland, Danville and San Mateo, today reported earnings increased 41.1% to a record $2.21 million for the third quarter of 2022, compared to $1.57 million for the third quarter of 2021. Strong core loan growth, combined with the recent $119.4 million investment from the US Treasury Department contributed to profitability for the third quarter of 2022. All financial results are unaudited. The Company’s Board of Directors declared a quarterly cash dividend of $0.045 per share. The dividend is payable on December 5, 2022 to shareholders...

GOLETA, Calif., Oct. 28, 2022 (GLOBE NEWSWIRE) — Community West Bancshares (“Community West” or the “Company”), (NASDAQ: CWBC), parent company of Community West Bank (the “Bank”), today reported net income of $3.5 million, or $0.39 per diluted share, for the third quarter of 2022, compared to $2.6 million, or $0.30 diluted share, for the preceding quarter, and $3.6 million, or $0.41 per diluted share, for the third quarter of 2021. For the first nine months of 2022, the Company reported net income of $10.1 million, or $1.13 per diluted share, compared to $10.2 million, or $1.17 per diluted share, for the first nine months of 2021. Earnings for the third quarter of 2022 were impacted by a one-time $132,000 recovery related to a prior OREO expense, and a $298,000 provision expense for loan losses. This compared to a $252,000 provision...