Month: July 2023

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...

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...

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...

    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...

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...

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...

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...