Day: January 26, 2023

TIM LAMB GROUP WELCOMES MARK BEFORD TO THEIR TEAM OF DIRECTORS

Written by Customer Service on January 26, 2023. Posted in Mergers And Acquisitions.

Columbus, OH, Jan. 26, 2023 (GLOBE NEWSWIRE) — The Tim Lamb Group is pleased to welcome Mark Beford to their team of directors. Beford, who has had an expansive 40-year career in the automotive industry, is responsible for consulting with dealership owners to help facilitate seamless transactions with the sale or purchase of a dealership. For 30 years, Beford owned and operated multiple automotive franchises with his wife Connie. During this time, he successfully executed multiple buy/sell agreements as both a buyer and seller and instilled a successful culture putting the customer’s experiences before anything else. “After 30 years, we knew that it was time to sell our dealerships. I knew that I wasn’t ready for the retirement life yet and that there had to be something else to enrich this second chapter in my life,” stated...

Flushing Financial Corporation Reports 4Q22 GAAP EPS of $0.34 and Core EPS of $0.57; Full Year 2022 GAAP EPS of $2.50 and Core EPS of $2.49

Written by Customer Service on January 26, 2023. Posted in Public Companies.

John R. Buran, President and CEO Commentary UNIONDALE, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) — The Company reported fourth quarter 2022 GAAP EPS of $0.34, down 41.4% YoY, with ROAA of 0.48%, and ROAE of 6.06%. Core 4Q22 EPS was $0.57, a decrease of 14.9% YoY, with ROAA of 0.82% and ROAE of 10.29%. Full year 2022 GAAP EPS was $2.50, down 3.5% YoY with ROAA of 0.93% and ROAE of 11.44%. Core 2022 EPS was $2.49, a decline of 11.4% YoY with ROAA of 0.92% and ROAE of 11.42%.“The Company recorded its second-best core earnings for 2022 despite the aggressive Fed movements and resultant net interest margin compression. The net interest margin compression is expected to be temporary and remain until the Fed ceases rate moves with recovery on a lag as funding pressures ease and loans reprice upwards. During the quarter, the yield on new...

Voxtur Announces Appointment of Chief Operating Officer

Written by Customer Service on January 26, 2023. Posted in Public Companies.

TORONTO, Jan. 26, 2023 (GLOBE NEWSWIRE) — Voxtur Analytics Corp. (TSXV: VXTR; OTCQB: VXTRF) (“Voxtur” or the “Company”), a North American technology company creating a more transparent and accessible real estate lending ecosystem, today announced that Chad Neel has been appointed Chief Operating Officer. Mr. Neel brings more than 30 years of experience delivering operational excellence in mortgage finance and real estate. Before joining Voxtur, he served as Chief Executive Business Officer at McCarthy & Holthus, LLP, and held executive leadership positions at FIN Title, Xome and Lender Processing Services (LPS), the nation’s leading provider of high-performance technology, data, and services to mortgage lenders and servicers. During his tenure at LPS, Mr. Neel was responsible for the development of...

Acuity Brands Delcares Quarterly Dividend

Written by Customer Service on January 26, 2023. Posted in Dividend Reports And Estimates.

Atlanta, Jan. 26, 2023 (GLOBE NEWSWIRE) — The Board of Directors of Acuity Brands, Inc. (NYSE: AYI; “Company”) today declared a quarterly dividend of 13 cents per share. The dividend is payable on February 14, 2023, to shareholders of record on February 6, 2023. The dividend payment date has changed for this period due to a change in the quarterly board meeting date. About Acuity Brands Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We use technology to solve problems in spaces, light, and more things to come. Through our two business segments, Acuity Brands Lighting and Lighting Controls (“ABL”) and the Intelligent Spaces Group (“ISG”), we design, manufacture, and bring to market products and services that make a valuable difference in people’s lives. We achieve growth through the...

Codorus Valley Bancorp, Inc. Reports Fourth Quarter and Year End 2022 Earnings

Written by Customer Service on January 26, 2023. Posted in Dividend Reports And Estimates.

YORK, Pa., Jan. 26, 2023 (GLOBE NEWSWIRE) — Codorus Valley Bancorp, Inc. (“Codorus Valley”, or the “Corporation”) (NASDAQ: CVLY), parent company of PeoplesBank, A Codorus Valley Company (“PeoplesBank”, or the “Bank”), today reported net income of $7.9 million or $0.83 per diluted common share, for the fourth quarter of 2022. This compares to net income of $7.2 million or $0.75 per diluted common share for the third quarter of 2022, representing an increase of $0.7 million or 10.9 percent and net income of $2.7 million or $0.28 per diluted common share, for the fourth quarter of 2021. For the year ended December 31, 2022, net income was $20.1 million or $2.10 per diluted common share, compared to $14.7 million or $1.50 per diluted common share, for the year ended December 31, 2021. Financial and operational highlights include:Fourth...

Capital Bancorp Declares Quarterly Cash Dividend of $0.06 Per Share

Written by Customer Service on January 26, 2023. Posted in Dividend Reports And Estimates.

ROCKVILLE, Md., Jan. 26, 2023 (GLOBE NEWSWIRE) — Capital Bancorp, Inc. (NASDAQ: CBNK) (“Company”), the holding company of Capital Bank (“Bank”), announced today that its Board of Directors has declared a cash dividend on its common stock of $0.06 per share. The dividend is payable on February 22, 2023 to shareholders of record as of February 6, 2023. ABOUT CAPITAL BANCORP, INC. Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. The Company’s wholly-owned subsidiary, Capital Bank, N.A., is the fourth largest bank headquartered in Maryland at December 31, 2022. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in five locations in the greater Washington, D.C. and Baltimore, Maryland markets. Capital Bancorp had assets...

TopBuild Acquires SRI Holdings

Written by Customer Service on January 26, 2023. Posted in Mergers And Acquisitions.

Residential Insulation Installer$62 Million Annual Revenue DAYTONA BEACH, Fla., Jan. 26, 2023 (GLOBE NEWSWIRE) — TopBuild Corp. (NYSE:BLD), a leading installer and specialty distributor of insulation and related building material products to the construction industry in the United States and Canada, has acquired the assets of the residential insulation business of SRI Holdings, LLC. Through this acquisition TopBuild enhances its presence in Georgia, Michigan, Ohio, Florida, Alabama and South Carolina. SRI was founded in 2012 and generated approximately $62 million in revenue for the twelve months ended November 30, 2022. Robert Buck, President and CEO of TopBuild, noted, “We welcome the SRI team to TopBuild and are excited to add this high-quality company to our Installation segment. SRI has an excellent reputation in the markets...

Avila Energy Corporation announces the signing of a Non-Binding Letter of Intent with Insight Acquisition Corp to combine with the Company

Written by Customer Service on January 26, 2023. Posted in Mergers And Acquisitions.

CALGARY, Alberta, Jan. 26, 2023 (GLOBE NEWSWIRE) — Avila Energy Corporation (CSE:VIK) (“Avila” or the “Company“) announces the signing of a preliminary non-binding Letter of Intent (the “LOI”) with Insight Acquisition Corp. (“IAC”), a Delaware corporation and a Special Purpose Acquisition Company, pursuant to which IAC has agreed to combine with the Company in a transaction that assumes an enterprise value of the combined company of U.S. $185,280,000 and will result in the combined company being publicly listed for trading on a major stock exchange in the United States, subject to exchange approval (the “Transaction”). The Transaction remains subject to the approval of the boards of directors and stockholders of each of IAC and the Company, as well as other customary closing conditions, including negotiation...

Federal Home Loan Bank of Atlanta Declares a 6.37% Dividend for Fourth Quarter 2022

Written by Customer Service on January 26, 2023. Posted in Dividend Reports And Estimates.

ATLANTA, Jan. 26, 2023 (GLOBE NEWSWIRE) — The board of directors of the Federal Home Loan Bank of Atlanta (FHLBank Atlanta) today approved a cash dividend for the fourth quarter 2022 at an annualized rate of 6.37 percent. “The support of our members is key to maintaining a strong financial foundation for our cooperative,” said FHLBank Atlanta Chair of the Board, Thornwell Dunlap. “We are grateful to our members for continuing to put their trust in us and we are pleased to return value to them through this fourth quarter dividend.” The dividend rate is approximately 2.75 percentage points over the daily average Secured Overnight Financing Rate (SOFR) for the fourth quarter of 2022. The dividend payout will be calculated based on shareholders’ capital stock held during that period and will be credited to shareholders’ daily investment...

Danone to explore strategic options for the Horizon Organic and Wallaby businesses in the U.S.

Written by Customer Service on January 26, 2023. Posted in Mergers And Acquisitions.

Press release – Paris, January 26, 2023 Danone to explore strategic options for the Horizon Organic and Wallaby businesses in the U.S. Danone announces today it will explore strategic options, including a potential sale, for its organic dairy activity in the U.S., comprised of the Horizon Organic and Wallaby businesses. This announcement is an additional step in the portfolio review and asset rotation program the company announced in March 2022, as part of the Renew Danone strategy. Horizon Organic and Wallaby are strong brands in the U.S. organic dairy category, with a portfolio of organic dairy products, including milk, creamers & whiteners, yogurt, cheese, and butter. They represent approximately 3% of Danone’s global revenues and had a dilutive impact on Danone’s like-for-like sales growth and recurring operating margin in 2022. Antoine...

Day: January 26, 2023

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