Year: 2022

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...

CAGR Projections from the Analysis of Drivers, Restraints, Opportunities, and Challenges of the Teleradiology Market (2021–2026) Chicago, Oct. 28, 2022 (GLOBE NEWSWIRE) — According to the new market research report “Teleradiology Market by Product & Service (Services, Hardware, Software (PACS, RIS)), Imaging Technique (MRI, CT, X-ray, Ultrasound, Mammography, Nuclear Imaging), End User (Hospitals, Diagnostic Centers & Laboratories), COVID-19 Impact – Forecast to 2026″, published by MarketsandMarkets, the global teleradiology market is expected to reach USD 14.8 billion by 2026 from USD 7.3 billion in 2021, at a CAGR of 15.3% during the forecast period of 2021 to 2026. Browse in-depth TOC on “Teleradiology Market“142 – Tables 43 – Figures225 – Pages Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=8937290 Scope...

Reports 3Q22 GAAP Net Income to common stockholders of $12.7 million, or $0.39 per diluted share Economic Operating Income of $24.4 million, or $0.76 per diluted share (Non-GAAP) Declared quarterly cash dividend of $0.12 per shareNEW YORK, Oct. 28, 2022 (GLOBE NEWSWIRE) — Cowen Inc. (NASDAQ: COWN) (“Cowen” or “the Company”) today announced its operating results for the third quarter ended September 30, 2022. Jeffrey M. Solomon, Chair and Chief Executive Officer of Cowen, said, “Cowen delivered another profitable quarter despite the challenging economic backdrop and weak market conditions, powered by strong performance in our operating company segment. Our results demonstrate that our business is operating at a higher level than it was before the pandemic and the strategic positioning over the last several years have enabled...

DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PALM METHYL ESTER DERIVATIVES MARKET Chicago, Oct. 27, 2022 (GLOBE NEWSWIRE) — The global Palm Methyl Ester Derivatives Market is projected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. High demand for personal care & cosmetic products in countries such as China and India along with the shift in consumer preference towards products having natural additives is expected to drive the palm methyl ester derivatives market. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=50625075 Browse In-Depth TOC On “Palm Methyl Ester Derivatives Market” 167 – Market Data Tables 32 – Figures 166 – Pages List of Key Players in Palm Methyl Ester Derivatives Market:The Procter &...

ATLANTA, Oct. 27, 2022 (GLOBE NEWSWIRE) — The board of directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a third quarter 2022 cash dividend at an annualized rate of 5.30 percent. “The Bank remains focused on building and sustaining strong relationships with our members, and supporting them during these challenging economic times,” said FHLBank Atlanta Chair of the Board, Rick Whaley. “We are proud of our third quarter financial performance and the board of directors is pleased to return value to our members through this third quarter dividend.” The dividend rate is approximately 3.15 percentage points over the daily average Secured Overnight Financing Rate (SOFR) for the third quarter of 2022. The dividend payout will be calculated based on shareholders’ capital stock held during that period and...