Day: October 26, 2023

Company reports GAAP diluted earnings per share of $0.48 for the quarter; affirms $510 million capital plan for 2023; initiates earnings guidance for 2023 and 2024 and increases long-term earnings per share growth to 4% to 6% from a 2022 adjusted base year; and announces a $0.64 per share quarterly dividend payable December 29, 2023 BUTTE, Mont. and SIOUX FALLS, S.D., Oct. 26, 2023 (GLOBE NEWSWIRE) — NorthWestern Energy Group, Inc. d/b/a NorthWestern Energy (Nasdaq: NWE) reported financial results for the three months ended September 30, 2023. Net income for the period was $29.3 million, or $0.48 per diluted share, as compared with net income of $27.4 million, or $0.47 per diluted share, for the same period in 2022. “Our entire team is focused on serving customers with reliable, affordable power, and managing our costs, while we...

DUNKIRK, N.Y., Oct. 26, 2023 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.6 million, or $0.27 per diluted share, for the 2023 third quarter compared to net income of $1.8 million, or $0.30 per diluted share, for the 2022 third quarter. For the first nine months of 2023, the Company reported unaudited net income of $4.1 million, or $0.69 per diluted share, as compared to $4.5 million, or $0.77 per diluted share, for the first nine months of 2022. “Lake Shore delivered solid results for the third quarter despite significant expenses related to our efforts to remediate previously disclosed regulatory matters,” stated Kim Liddell, President, CEO, and Director. “We continue to look for opportunities to effectively...

SAN JOSE, Calif., Oct. 26, 2023 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its third quarter 2023 net income was $15.8 million, or $0.26 per average diluted common share, compared to $18.1 million, or $0.30 per average diluted common share, for the third quarter of 2022, and $16.4 million, or $0.27 per average diluted common share, for the second quarter of 2023. For the nine months ended September 30, 2023, net income increased 12% to $51.1 million, or $0.83 per average diluted common share, compared to $45.8 million, or $0.75 per average diluted common share, for the nine months ended September 30, 2022. All results are unaudited. “We delivered strong third quarter of 2023 operating results allowing us to achieve...

SAN FRANCISCO, Oct. 26, 2023 (GLOBE NEWSWIRE) — The Federal Home Loan Bank of San Francisco (Bank) today announced its third quarter 2023 operating results. Net income for the third quarter of 2023 was $103 million, an increase of $23 million compared with net income of $80 million for the third quarter of 2022. “The Bank continues to serve a critical role in providing on-demand liquidity to more than 300 member institutions across our three-state district,” said Teresa Bryce Bazemore, president and chief executive officer of FHLBank San Francisco. “We are intently focused on delivering on our mission to provide reliable access to low-cost liquidity and deliver resources for affordable housing and economic development.” The $23 million increase in net income relative to the prior-year period was primarily attributable to a positive...