Month: January 2023

Vornado Declares Quarterly Common Dividend of $.375 Per Share

Written by Customer Service on January 18, 2023. Posted in Dividend Reports And Estimates.

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Vornado Realty Trust (NYSE:VNO) announced today that its Board of Trustees has declared a reduced quarterly dividend of $.375 per share. The decrease is in recognition of the current state of the economy and capital markets and is reflective of Vornado’s reduced projected 2023 taxable income, primarily due to higher interest expense. The dividend will be payable on February 10, 2023 to common shareholders of record on January 30, 2023. Vornado Realty Trust is a fully-integrated equity real estate investment trust. CONTACT Thomas J. Sanelli(212) 894-7000 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of performance. They represent our...

Wintrust Financial Corporation Reports Fourth Quarter and Full Year 2022 Results

Written by Customer Service on January 18, 2023. Posted in Earnings Releases And Operating Results.

ROSEMONT, Ill., Jan. 18, 2023 (GLOBE NEWSWIRE) — Wintrust Financial Corporation (“Wintrust”, “the Company”, “we” or “our”) (Nasdaq: WTFC) announced net income of $144.8 million or $2.23 per diluted common share for the fourth quarter of 2022, an increase in diluted earnings per common share of 1% compared to the third quarter of 2022. The Company had record annual net income of $509.7 million or $8.02 per diluted common share for the year ended December 31, 2022 as compared to net income of $466.2 million or $7.58 per diluted common share for the same period of 2021. Pre-tax, pre-provision income (non-GAAP) totaled a record $779.1 million for the year ended December 31, 2022, up 35% as compared to $578.5 million for the same period of 2021. Edward J. Wehmer, Founder and Chief Executive Officer, commented, “Wintrust finished the...

El Septimo to Open Third Cigar Lounge in Tucson, AZ

Written by Customer Service on January 18, 2023. Posted in Mergers And Acquisitions.

World’s Fastest Growing Premium Cigar Company Continues its Ambitious Retail Expansion in the United StatesEl Septimo Tucson, AZ Cigar Lounge El Septimo, the world’s fastest growing cigar company, has announced the opening of a new cigar lounge in Tucson, AZ. The lounge will open its doors to the public on February 14th, 2023 on Valentine’s Day. The lounge is located at 6866 E. Sunrise Dr. Suite 150, Tucson, AZ 85750.El Septimo Tucson, AZ Cigar Lounge Interior This brand new Cigar Lounge & Bar will offer 4,000 square feet of luxury retail space, with a designated walk-in humidor and smoking lounge, in addition a Members-Only Lounge that will also be rebranded after El Septimo. The Lounge will only carry El Septimo Cigars and Accessories.Los Angeles, CA, Jan. 18, 2023 (GLOBE NEWSWIRE) — El Septimo, the world’s fastest...

Elme Communities Announces 2022 Dividend Income Tax Treatment

Written by Customer Service on January 18, 2023. Posted in Dividend Reports And Estimates.

WASHINGTON, Jan. 18, 2023 (GLOBE NEWSWIRE) — Elme Communities (“Elme”) (NYSE:ELME) announced the income tax treatment of its 2022 dividend distributions. This information represents final income allocations. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Elme Communities dividend distributions. Beginning in 2018, Ordinary Taxable Income Per Share is equal to the 199A dividend that was created by the 2017 Tax Cuts and Jobs Act.Dividend Paid Date Gross Distribution Per Share Ordinary Taxable Income Per ShareSection 199A Dividends Per Share (Return of Capital) Non-Taxable Distribution Per Share1/5/2022 $0.17000 $0.03409 $0.03409 $0.135914/5/2022 $0.17000 $0.03409 $0.03409 $0.135917/6/2022 $0.17000 $0.03409 $0.03409 $0.1359110/5/2022 $0.17000 $0.03409 $0.03409 $0.13591TOTALS: $0.68000 $0.13636 $0.13636 $0.54364 100.00% 20.05% 20.05% 79.95%About...

Zapp Expands International Footprint With New Design and Technology Campus in Bangkok, Thailand

Written by Customer Service on January 18, 2023. Posted in Mergers And Acquisitions.

Zapp expands international footprint with new Design and Technology Campus in Bangkok, Thailand Zapp expands international footprint with new Design and Technology Campus in Bangkok, Thailand Design and Technology Campus will Support the Development and Engineering of Next Generation High-Performance Electric Vehicles and Creates a Base for Asia-Pacific Market Growth The Second Global Hub Builds on Zapp’s Existing UK-based Customer Experience Centre & Global Training Centre in Bicester, Oxfordshire Media assets available hereLONDON, Jan. 18, 2023 (GLOBE NEWSWIRE) — Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a UK-based high-performance two-wheel electric vehicle company, has expanded its international footprint as part of its strategy to grow its business and fulfill growing demand in the largely underpenetrated...

Eagle Bancorp, Inc. Announces Net Income for Fourth Quarter 2022 of $42.2 Million or $1.32 Per Diluted Share and Annual Earnings of $140.9 Million or $4.39 Per Diluted Share

Written by Customer Service on January 18, 2023. Posted in Earnings Releases And Operating Results.

BETHESDA, Md., Jan. 18, 2023 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (the “Company”) (NASDAQ: EGBN), the parent company of EagleBank (the “Bank”), today announced net income of $42.2 million for the fourth quarter 2022, compared to net income of $37.3 million for the prior quarter and $41.6 million for the year-ago quarter. Net income (basic and diluted) was $1.32 per share for the fourth quarter 2022, compared to $1.16 per share for the prior quarter and $1.30 per share for the year-ago quarter. The increase in earnings of $4.9 million from the third quarter of 2022 (the “prior quarter”) was primarily attributable to the difference created by moving from a provision to the allowance for credit losses to a reversal from the allowance for credit losses, a lower tax provision and higher net interest...

Vimeo December 2022 Monthly Metrics Available on Company’s IR Site

Written by Customer Service on January 18, 2023. Posted in Earnings Releases And Operating Results.

NEW YORK, Jan. 18, 2023 (GLOBE NEWSWIRE) — Vimeo posted monthly metrics for December 2022 on the investor relations section of its website at https://www.vimeo.com/investors. About VimeoVimeo (NASDAQ:VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to connect better and bring ideas to life. We proudly serve our growing community of nearly 300 million users — from creative storytellers to globally distributed teams at the world’s largest companies. Learn more at www.vimeo.com. CONTACT: Contacts:Vimeo Communications pr@vimeo.comVimeo IR ir@vimeo.com

Texas Capital Bancshares, Inc. Announces Fourth Quarter and Full Year 2022 Results

Written by Customer Service on January 18, 2023. Posted in Earnings Releases And Operating Results.

Fourth quarter 2022 net income of $217.3 million and net income available to common stockholders of $212.9 million, or $4.23 per diluted share Repurchased $65.3 million shares of common stock at tangible book value Completed the sale of BankDirect Capital Finance, LLC recognizing $248.5 million pre-tax gain on sale Record level regulatory capital ratios, including 13.0% CET 1 and 17.7% Total Capital DALLAS, Jan. 18, 2023 (GLOBE NEWSWIRE) — Texas Capital Bancshares, Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, announced operating results for the fourth quarter and full year of 2022. Net income available to common stockholders was $212.9 million, or $4.23 per diluted share, for the fourth quarter of 2022, compared to $37.1 million, or $0.74 per diluted share, for the third quarter of 2022 and $60.8 million, or $1.19...

Preferred Bank Reports Record Quarterly Earnings Again

Written by Customer Service on January 18, 2023. Posted in Earnings Releases And Operating Results.

LOS ANGELES, Jan. 18, 2023 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended December 31, 2022. Preferred Bank (“the Bank”) reported net income of $39.6 million or $2.71 per diluted share for the fourth quarter of 2022. This represents an increase of $13.1 million or 49.7% over the same quarter last year and also an impressive $4.4 million or 12.4% increase over the third quarter of 2022. The primary driver of the increase over both comparable periods was net interest income which increased by 50.0% over the same period last year and increased by 11.0% over the third quarter of 2022. Net income for the year ended December 31, 2022 was $128.8 million or $8.70 per diluted share compared to $95.2 million or $6.41 per diluted share for the...

Patriot drills highest grade lithium drill intercept to date – 156.9 m interval of 2.12% Li2O, including 25.0 m of 5.04% Li2O – at the CV5 Pegmatite, Quebec, Canada

Written by Customer Service on January 18, 2023. Posted in Public Companies.

Figure 1 Drill hole collar locations at the CV5 Pegmatite for holes completed through 2022Table 1 Mineralized drill intercept summary for drill holes reported herein as part of the 2022 summer-fall programFigure 2 High-grade drill core intersection (25.0 m at 5.04% Li2O) in CV22-083 (red box), including 5.0 m at 6.36% Li2O (dashed blue box)Figure 3 Spodumene mineralization in drill hole CV22-083. Gangue minerals include a mix of mica and tourmaline (black flecks) and quartz (smokey-brown)Figure 4 High-grade core from drill hole CV22-083 at ~292 to 295 m depth (core length)Figure 5 Well mineralized spodumene pegmatite intersection from drill hole CV22-074 (16.9 m at 2.00% Li2O), the most westerly drill hole completed to date at the CV5 PegmatiteHighlights Significant Drill InterceptsThe widest, highest grade lithium...

Month: January 2023

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