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Day: October 30, 2023

Transocean Ltd. Reports Third Quarter 2023 Results

Total contract drilling revenues were $713 million, compared to $729 million in the second quarter of 2023 (total adjusted contract drilling revenues of $721 million, compared to $748 million in the second quarter of 2023); Revenue efficiency(1) was 95.4%, compared to 97.2% in the prior quarter; Operating and maintenance expense was $524 million, compared to $484 million in the prior quarter; Net loss attributable to controlling interest was $220 million, $0.28 per diluted share, compared to $165 million, $0.22 per diluted share, in the second quarter of 2023; Adjusted EBITDA was $162 million, compared to $237 million in the prior quarter; and Contract backlog was $9.4 billion as of the October 2023 Fleet Status Report.STEINHAUSEN, Switzerland, Oct. 30, 2023 (GLOBE NEWSWIRE) — Transocean Ltd. (NYSE: RIG) today reported a net...

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First National Bank Alaska announces unaudited results for third quarter 2023

ANCHORAGE, Ala., Oct. 30, 2023 (GLOBE NEWSWIRE) — First National Bank Alaska’s (OTCQX:FBAK) net income for the third quarter of 2023 was $15.5 million, or $4.90 per share. This compares to a net income of $15.7 million, or $4.94 per share, for the same period in 2022. Year-to-date net income was $43.4 million, or $13.71 per share, compared to $43.9 million, or $13.85 per share for the same period in 2022. “First National’s steady, consistent performance in the third quarter highlights the bank’s strength and resilience as we head toward year-end,“ said Betsy Lawer, First National Board Chair and CEO/President. “With more than a century of experience and resources to bring into play, our dedicated employees are ready to answer our customers’ call as they continue to meet challenges and opportunities in Alaska – and beyond.” Assets...

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Fitell Corporation Announces Fiscal 2023 Financial Results

TAREN POINT, Australia, Oct. 30, 2023 (GLOBE NEWSWIRE) — Fitell Corporation (Nasdaq: FTEL) (“Fitell” or the “Company”), an online retailer of gym and fitness equipment in Australia, today announced its 2023 annual financial results for the fiscal year ended June 30, 2023. Fitell’s Chief Executive Officer, Yinying “Sam” Lu commented, “Fitell’s mission is to build an ecosystem with a whole fitness and wellness experience powered by technology. This mission guides our strategic decisions and underscores our commitment to creating value for our shareholders. Furthering this perspective, Jamarson Kong, Fitell’s Chief Financial Officer, noted, “Throughout fiscal year 2023, we navigated several economic headwinds, notably the challenges posed by inflation and the rise in interest rates in Australia. Consequently,...

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German American Bancorp, Inc. (GABC) Reports Solid Third Quarter 2023 Earnings

JASPER, Ind., Oct. 30, 2023 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (Nasdaq: GABC) reported solid third quarter earnings of $21.5 million, or $0.73 per share. This level of quarterly earnings reflected a linked quarter decrease of $0.7 million, or approximately 3% on a per share basis, from 2023 second quarter earnings of $22.1 million or $0.75 per share. The Company remained well-positioned at the end of the third quarter of 2023 with continued solid liquidity and strong capital. Third quarter 2023 operating performance was highlighted by marginal net interest margin compression, solid loan growth, a stable/diversified deposit base, continued strong credit metrics, reductions in non-interest expense and stable/diversified non-interest income. The net interest margin declined marginally from 3.63% to 3.57%, or 6 basis...

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Sientra Reports Preliminary Unaudited Third Quarter 2023 Financial Results and Provides Update on Outlook

IRVINE, Calif., Oct. 30, 2023 (GLOBE NEWSWIRE) — Sientra, Inc. (NASDAQ: SIEN) (“Sientra” or the “Company”), a surgical aesthetics company delivering the safest and most innovative solutions for the best outcomes, today announced preliminary unaudited financial results for the fiscal third quarter ended September 30, 2023. Total unaudited revenue for the third quarter of 2023 is expected to be in the range of $19.2 million to $19.7 million, compared to total revenue of $22.6 million in the prior year period. Third quarter results were adversely affected by overall softness in the market as well as more pronounced seasonal headwinds that led to a reduced number of augmentation and reconstruction cases during the third quarter, particularly in July and August. As a result of the preliminary third quarter financial performance and...

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CVR Energy Reports Third Quarter 2023 Results, Announces a Cash Dividend of 50 Cents and a Special Dividend of $1.50

SUGAR LAND, Texas, Oct. 30, 2023 (GLOBE NEWSWIRE) — CVR Energy, Inc. (“CVR Energy” or the “Company”) (NYSE: CVI) today announced net income of $353 million, or $3.51 per diluted share, on net sales of $2.5 billion for the third quarter of 2023, compared to net income of $93 million, or 92 cents per diluted share, on net sales of $2.7 billion for the third quarter of 2022. Adjusted earnings for the third quarter of 2023 was $1.89 per diluted share compared to adjusted earnings of $1.90 per diluted share in the third quarter of 2022. Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million. Adjusted EBITDA for the third quarter of 2023 was $313 million, compared to Adjusted EBITDA of $313 million in the third quarter of 2022. “CVR Energy achieved solid results for the 2023 third quarter driven...

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FNCB Bancorp, Inc. Announces Third Quarter 2023 Results

DUNMORE, Pa., Oct. 30, 2023 (GLOBE NEWSWIRE) — FNCB Bancorp, Inc. (NASDAQ: FNCB; www.fncb.com), the parent company of Dunmore-based FNCB Bank (the “Bank”), (collectively, “FNCB”) today reported net income of $4.2 million, or $0.21 per basic and diluted share, for the three months ended September 30, 2023, a decrease of $1.2 million, or 23.4%, compared to $5.4 million, or $0.28 per share for the same period of 2022. Reductions in net interest income and non-interest income, coupled with an increase in non-interest expenses, were the primary factors leading to the reduction in third quarter 2023 earnings. For the nine months ended September 30, 2023, net income totaled $9.6 million, or $0.49 per basic and diluted share, a decrease of $5.9 million, or 38.0%, from $15.5 million, or $0.79 per basic and diluted share, for...

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Weatherford Announces Upgrade in Credit Rating to ‘B1’ from ‘B2’, Positive Outlook

HOUSTON, Oct. 30, 2023 (GLOBE NEWSWIRE) — Weatherford International plc (NASDAQ: WFRD) (“Weatherford” or the “Company”) today announced that Moody’s Investors Service (“Moody’s”) upgraded its Corporate Family Rating to B1 from B2 with Positive Outlook. The upgrade reflects the improvement in credit metrics as a result of the Company reducing its balance sheet debt and growing earnings. The positive outlook also evidences the ongoing strong demand for Weatherford’s services and potential for further improvement in its credit profile. Girish Saligram, President and Chief Executive Officer of Weatherford, commented, “The upgrade in our credit rating by Moody’s further validates the progress we’ve made on our journey of improving our capital structure. Our focus on generating free cash flow and sustainable profitability...

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ES Bancshares, Inc. Announces Third Quarter Results; Continues Trend of Increasing Tangible Book Value Per Share While Accelerating Cost Savings Program

STATEN ISLAND, N.Y., Oct. 30, 2023 (GLOBE NEWSWIRE) — ES Bancshares, Inc. (OTCQX: ESBS) (the “Company”) the holding company for Empire State Bank, (the “Bank”) today announced financial results for the third quarter of 2023. The Company’s net income was $133 thousand or $0.02 per diluted share for the third quarter of 2023, compared to net income of $655 thousand or $0.10 per diluted share for the second quarter of 2023.Key Financial Data                     3Q23 HighlightsProfitability Metrics   3Q23     2Q23     3Q22     • Net Revenues of $4.2 million including $4.0 million of net interest income and $256 thousand of non-interest income. • Net Income of $133 thousand and earnings per diluted share of $0.02. • Average loans increased 1.4% quarter-over-quarter with average total deposits decreasing by 1.3% in linked quarters. •...

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HOME FEDERAL BANCORP, INC. OF LOUISIANA REPORTS RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023

Shreveport, Louisiana, Oct. 30, 2023 (GLOBE NEWSWIRE) — Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended September 30, 2023, of $1.2 million compared to net income of $1.7 million reported for the three months ended September 30, 2022. The Company’s basic and diluted earnings per share were $0.40 and $0.39, respectively, for the three months ended September 30, 2023, compared to basic and diluted earnings per share of $0.55 and $0.52, respectively, for the three months ended September 30, 2022. The Company reported the following highlights during the three months ended September 30, 2023:Total loans receivable, net for the three months ended September 30, 2023 increased $17.1 million, or 3.5%, to $506.6 million at September...

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