Month: January 2023

Year-End 2022 HighlightsRecord net income for the year ended December 31, 2022 totaled $35,752,000, an increase of $7,918,000, or 28.45%, from comparable period results in 2021. Basic earnings per share were $4.15 and $3.19 for the years ended December 31, 2022 and 2021, respectively. The increase in net income for 2022 was primarily driven by increases in net interest income of $12,181,000 and commissions from insurance sales of $2,156,000, partially offset by a $2,906,000 decrease in income from mortgage loans held for sale and a $1,330,000 increase in total other expenses.Net income for the three months ended December 31, 2022 totaled $10,199,000, an increase of $5,704,000, or 126.90%, from comparable period results in 2021. Basic earnings per share were $1.20 and $0.52 for the three months ended December 31, 2022 and 2021, respectively....

FAIRFIELD, N.J., Jan. 26, 2023 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended December 31, 2022 of $2.0 million, or $0.03 per diluted share, compared to $16.5 million, or $0.25 per diluted share, for the quarter ended September 30, 2022. The decrease in net income and earnings per share for the quarter was largely attributable to a previously announced after-tax loss of $10.8 million on the sale of securities. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per share, payable on February 22, 2023 to stockholders of record as of February 8, 2023. Craig L. Montanaro, President and Chief Executive Officer, commented, “During the quarter ended December 31, 2022,...

TORONTO, Jan. 25, 2023 (GLOBE NEWSWIRE) — BlackRock Asset Management Canada Limited (“BlackRock Canada”), an indirect, wholly-owned subsidiary of BlackRock, Inc. (NYSE: BLK), today announced the final January 2023 cash distributions for the iShares Premium Money Market ETF. Unitholders of record on January 26, 2023 will receive cash distributions payable on January 31, 2023. Details regarding the final “per unit” distribution amounts are as follows:Fund Name Fund Ticker Cash Distribution Per Unit ($)iShares Premium Money Market ETF CMR 0.153Further information on the iShares ETFs can be found at http://www.blackrock.com/ca. About BlackRockBlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of...

MOUNTLAKE TERRACE, Wash., Jan. 25, 2023 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”) today reported 2022 net income of $29.6 million, or $3.70 per diluted share, compared to $37.4 million, or $4.37 per diluted share for 2021.   Fourth quarter net income was $7.6 million, or $0.97 per diluted share, compared to $8.6 million, or $1.03 per diluted share, for the comparable quarter one year ago. “Our teams remain focused on completing the announced branch acquisitions which is scheduled to close during the first quarter of 2023, subject to customary closing conditions. The new deposits associated with the branch acquisitions are expected to support the Company’s loan growth,” stated Joe Adams, CEO. “We are also pleased that our Board of Directors...

LITTLE ROCK, Ark., Jan. 25, 2023 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today the tax treatment of its 2022 distributions. The following table summarizes the federal income tax treatment of the distributions on its common shares as it is expected to be reported on Form 1099 – DIV. Common Stock CUSIP (91325V108) RecordDate   PaymentDate   TotalDistributionPer Share   OrdinaryDividendPer Share   Capital GainDistributionPer Share   NondividendDistributionPer Share12/17/21   1/3/22   $0.15   $0.15   $0.00   $0.004/1/22   4/15/22   $0.15   $0.15   $0.00   $0.006/17/22   7/1/22   $0.15   $0.15   $0.00   $0.009/9/22   9/23/22   $0.15   $0.15   $0.00   $0.0012/16/22   12/30/22   $0.15   $0.15   $0.00   $0.00    Total   $0.75   $0.75   $0.00   $0.00                     Ordinary...

HARRISBURG, Pa., Jan. 25, 2023 (GLOBE NEWSWIRE) — Mid Penn Bancorp, Inc. (NASDAQ: MPB) (“Mid Penn”), the parent company of Mid Penn Bank (the “Bank”) and MPB Financial Services, LLC, today reported net income available to common shareholders (“earnings”) for the quarter ended December 31, 2022 of $15.7 million, or $0.99 per common share basic and diluted. Key Highlights in the Fourth Quarter of 2022Earnings increased $238 thousand to $15.7 million, or 1.5%, for the quarter ended December 31, 2022 compared to $15.5 million for the quarter ended September 30, 2022.Tax equivalent net interest margin was 3.80% compared to 3.92% in the prior quarter and 3.16% in the fourth quarter of 2021.Loans and leases, net (“loans”) grew 22.9% (annualized) during the three months ended December 31,...

Fourth Calendar Quarter Performance HighlightsNet Income: Net income for the quarter ended December 31, 2022 totaled $5.3 million or $0.72 per diluted share (includes Series A preferred shares), versus $6.5 million or $1.16 per diluted share in the same period a year ago. Excluding the impact of net purchase accounting accretion, the Company’s net income was $5.1 million or $0.69 per diluted share (includes Series A preferred shares) in the quarter ended December 31, 2022 versus net income of $5.3 million or $0.93 per diluted share in the comparable 2021 quarter. Pre-Provision Net Revenue: Pre-provision net revenue was $8.4 million or 1.86% of average assets for the quarter ended December 31, 2022 versus $9.4 million or 2.59% of average assets in the comparable 2021 quarter and $9.6 million or 2.28% of average assets in the prior linked...