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Month: July 2023

Farmers & Merchants Bancorp (FMCB) Reports Second Quarter and Record Year-to-Date Earnings

Second Quarter 2023 HighlightsNet income of $21.3 million, or $28.03 per share; up 15.5% or 18.9% on a per share basis from second quarter 2022; Achieved a return on average assets of 1.65% and a return on average equity of 16.60%; Growth in deposits of 2.18% and loans of 1.88% compared to the first quarter 2023; Strong liquidity position with $587.0 million in cash, $953.1 million in investment securities and a borrowing capacity of $1.6 billion with no outstanding borrowings as of June 30, 2023; Strong capital position with a total risk-based capital ratio of 13.71%, common equity tier 1 ratio of 12.22%, tier 1 leverage ratio of 10.21% and a tangible common equity ratio of 9.57%; Credit quality remains strong and the allowance for credit losses remains robust at 2.03%.LODI, Calif., July 19, 2023 (GLOBE NEWSWIRE) — Farmers...

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Richardson Electronics Reports 16.9% Revenue Growth and a 56.6% Increase in Operating Income for Fiscal 2023; Declares Quarterly Cash Dividend

Green Energy Solutions net sales increase 61.7% over Q4 FY22 and 110.5% over Fiscal 2022 Fiscal 2023 HighlightsFor fiscal 2023, net sales increased 16.9% to $262.7 million. Operating income was $25.0 million for fiscal 2023, compared to $16.0 million for fiscal 2022. An income tax expense of $2.7 million and Non-GAAP income tax expense* of $5.0 million for fiscal 2023. The income tax expense was reduced by a one-time $1.8 million reversal of the foreign tax credit valuation allowance and total R&D Tax Credits of $0.9 million for fiscal years 2020 through 2023, which included a one-time total of $0.6 million related to fiscal years 2020 through 2022. Earnings per common share (diluted) were $1.55 and Non-GAAP earnings per common share (diluted)* were $1.39 for fiscal 2023 compared to earnings per common share (diluted) of $1.31 and...

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Crown Castle Reports Second Quarter 2023 Results and Updates Outlook for Full Year 2023

Chart 1 Crown Castle International Corp.Chart 2 Crown Castle International Corp.HOUSTON, July 19, 2023 (GLOBE NEWSWIRE) — Crown Castle Inc. (NYSE: CCI) (“Crown Castle”) today reported results for the second quarter ended June 30, 2023 and updated its full year 2023 outlook, as reflected in the table below.(dollars in millions, except per share amounts) Current FullYear 2023Outlook(a)(b) Full Year2022 Actual % Change Previous FullYear 2023Outlook(c) CurrentCompared toPreviousOutlook   Site rental revenues $6,511 $6,289 4% $6,511 —%    Net income (loss) $1,581 $1,675 (6)% $1,636 (3)%    Net income (loss) per share—diluted $3.64 $3.86 (6)% $3.76 (3)%    Adjusted EBITDA(d) $4,422 $4,340 2% $4,472 (1)%    AFFO(d) $3,279 $3,200 2% $3,319 (1)%    AFFO per share(d) $7.54 $7.38 2% $7.63 (1)%    (a) Reflects...

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Omega Flex, Inc. Announces Second Quarter 2023 Earnings

    OMEGA FLEX, INC. (OFLX)    Six Months Ended June 30,   Three Months Ended June 30,                       2023     2022     2023      2022                 Net Sales   $ 55,822,000   $ 63,041,000   $ 25,835,000   $ 31,748,000                                  Net Income attributable to Omega Flex, Inc.   $ 10,298,000   $ 10,901,000   $ 4,556,000   $ 5,450,000                                  Earnings Per Share – Basic and Diluted   $ 1.02   $ 1.08   $ 0.45   $ 0.54                                  Weighted Average Shares – Basic and Diluted     10,094,322     10,094,322     10,094,322     10,094,322                 EXTON, Pa., July 19, 2023 (GLOBE NEWSWIRE) — Kevin R. Hoben, Chairman and CEO, announced that the Company’s Net Sales for the first six months of 2023 and 2022 were...

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National Bank Holdings Corporation Announces Second Quarter 2023 Financial Results

DENVER, July 19, 2023 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) reported:                                           For the quarter   For the year   For the year – adjusted (1)    2Q23       1Q23       2Q22       2023       2022       2023       2022  Net income ($000’s) $ 32,557     $ 40,283     $ 20,362     $ 72,840     $ 38,714     $ 72,840     $ 39,682  Earnings per share – diluted $ 0.85     $ 1.06     $ 0.67     $ 1.91     $ 1.27     $ 1.91     $ 1.30  Return on average tangible assets(2)   1.45 %     1.80 %     1.16 %     1.63 %     1.11 %     1.63 %     1.14 %Return on average tangible common equity(2)   17.24 %     20.86 %     11.64 %     19.05 %     10.97 %     19.05 %     11.24 %                                                     (1)   See non-GAAP...

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SL Green Realty Corp. Reports Second Quarter 2023 EPS of ($5.63) per Share; and FFO of $1.43 per Share

Financial and Operating HighlightsNet loss attributable to common stockholders of $5.63 per share for the second quarter of 2023 as compared to net loss of $0.70 per share for the same period in 2022. Net loss attributable to common stockholders for the second quarter of 2023 included the $305.9 million, or $4.44 per share, write down of the carrying value of the leasehold interest at 625 Madison Avenue that the Company previously disclosed it would record in the second quarter. Reported funds from operations, or FFO, of $1.43 per share for the second quarter of 2023 as compared to $1.87 per share for the same period in 2022. Signed 43 Manhattan office leases covering 410,749 square feet in the second quarter of 2023 and 84 Manhattan office leases covering 915,431 square feet for the first six months of 2023. The mark-to-market on signed...

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MasterCraft Debuts Industry’s Most Robust Lineup of Towboats with New Features and Enhancements for 2024 Models

The 2024 MasterCraft Fleet Rule the water with the 2024 MasterCraft fleet, featuring 16 models, world-class surf performance, handcrafted quality, unmatched comfort and more technology than ever before.2024 Lineup Features New Dash with Standard Touchscreen to NXT Lineup, Standard Underwater Exhaust For XT, X and XSTAR S Models, Remote Battery Switching through the MasterCraft Connect App and Power Board Racks – a First of its Kind Rule the Water with World-Class Surf Performance, Handcrafted Quality, Unmatched Comfort and More Technology Than Ever Before VONORE, Tenn., July 19, 2023 (GLOBE NEWSWIRE) — MasterCraft Boat Company, a MasterCraft Boat Holdings, Inc (NASDAQ: MCFT) subsidiary and the world’s number one-selling towboat brand five years running, today announced new features and enhancements for its 2024 model year...

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Far East Insurance Marketing Joins Novatae

Dallas, TX, July 19, 2023 (GLOBE NEWSWIRE) — Dallas, TX  – Novatae Risk Group (“Novatae”) announced today that it acquired the assets of Far East Insurance Marketing, Inc., (“Far East”) of Buena Park, CA  on July 1, 2023. Terms of the transaction were not disclosed. Far East is a wholesale agency that serves independent insurance agents and brokers. They have a niche in real estate intensive client types including HOAs, apartments, hotels, shopping centers and grocery stores. The organization is led by Wes Kwon.  “Our goal is to help our partner agencies grow with competitive products and ease of doing business,” says Wes Kwon, Owner, Far East Insurance Marketing. “We are a results-driven organization that provides the service necessary for a long-term, successful business relationship. We look forward to continuing to do...

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Union Bankshares Announces Earnings for the three months and six months ended June 30, 2023 and Declares Quarterly Dividend

MORRISVILLE, Vt., July 19, 2023 (GLOBE NEWSWIRE) — Union Bankshares, Inc. (NASDAQ – UNB) today announced results for the three and six months ended June 30, 2023 and declared a regular quarterly cash dividend. Consolidated net income for the three months ended June 30, 2023 was $2.7 million, or $0.60 per share, compared to $2.9 million, or $0.65 cents per share, for the same period in 2022, and $5.7 million, or $1.26 per share, for the six months ended June 30, 2023, compared to $5.4 million, or $1.20 per share for the same period in 2022. Second Quarter Highlights Consolidated net income decreased $232 thousand, or 7.9%, to $2.7 million for the second quarter of 2023 compared to the second quarter of 2022 due to a decrease in net interest income of $53 thousand and an increase of $653 thousand in noninterest expense, partially...

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Johnson Outdoors to Release Fiscal 2023 Third Quarter Results on August 3, 2023

RACINE, Wis., July 19, 2023 (GLOBE NEWSWIRE) — JOHNSON OUTDOORS INC. (Nasdaq: JOUT), a leading global innovator of outdoor recreation equipment and technology, will release financial results for the Fiscal 2023 third quarter on Thursday, August 3, 2023, before market open that day. The Company will host a conference call and audio webcast shortly afterwards at 11:00 a.m. Eastern Time to discuss the financial results and provide a Company update. A live listen-only webcast of the conference call may be accessed at Johnson Outdoors’ home page. A replay will be available on the Investor section home page on the Johnson Outdoors’ website – www.johnsonoutdoors.com – for 30 days. ABOUT JOHNSON OUTDOORS INC. JOHNSON OUTDOORS is a leading global innovator of outdoor recreation equipment and technologies that inspire more...

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