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Day: January 26, 2024

CORRECTION: California Water Service Group Board of Directors Declares 316th Consecutive Quarterly Dividend and 57th Consecutive Annual Dividend Increase

The following replaces the release issued at 5:28PM Eastern Time on January 25, 2024. SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) — At its meeting on January 25, 2024, the California Water Service Group (NYSE: CWT) Board of Directors declared the company’s 316th consecutive quarterly dividend, increasing the annual dividend by $0.08, or 7.7% from $1.04 to $1.12. This represents the company’s 57th consecutive annual dividend increase. The quarterly dividend of $0.28 per common share will be payable on February 23, 2024 to stockholders of record as of the close of business on February 12, 2024. California Water Service Group is the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, as well as Texas Water Service, a utility holding...

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HMN Financial, Inc. Announces Fourth Quarter Results and Declares Dividend

Fourth Quarter SummaryNet income of $1.5 million, down $0.9 million from $2.4 million for fourth quarter of 2022 Diluted earnings per share of $0.33, down $0.23 from $0.56 for fourth quarter of 2022 Net interest income of $7.2 million, down $1.7 million from $8.9 million for fourth quarter of 2022 Net interest margin of 2.58%, down 77 basis points from 3.35% for fourth quarter of 2022 Gain on sales of loans of $0.4 million, up $0.1 million from $0.3 million for fourth quarter of 202Annual SummaryNet income of $6.0 million, down $2.0 million from $8.0 million for 2022 Diluted earnings per share of $1.37, down $0.46 from $1.83 for 2022 Net interest income of $30.8 million, down $1.5 million from $32.3 million for 2022 Net interest margin of 2.84%, down 30 basis points from 3.14% for 2022 Gain on sales of loans of $1.5 million, down...

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Heritage Commerce Corp Declares Regular Quarterly Cash Dividend of $0.13 Per Share; Heritage Bank of Commerce Celebrates its 30th Anniversary

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its Board of Directors had declared its regular quarterly cash dividend of $0.13 per share to holders of its common stock. The dividend will be payable on February 22, 2024, to shareholders of record at the close of the business day on February 8, 2024. Heritage Commerce Corp has paid a cash dividend each quarter since 2013. “As our franchise continues to deliver strong earnings, we are pleased to be able to pay our regular quarterly cash dividend to our loyal shareholders,” said Clay Jones, President and Chief Executive Officer. “Looking ahead, 2024 holds a special significance for the Bank as we celebrate our 30th Anniversary. Our passion to ensure ongoing...

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Heritage Commerce Corp Earns $13.3 Million for the Fourth Quarter of 2023, and $64.4 Million for the Full Year 2023

SAN JOSE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2023 net income was $13.3 million, or $0.22 per average diluted common share, compared to $20.8 million, or $0.34 per average diluted common share, for the fourth quarter of 2022, and $15.8 million, or $0.26 per average diluted common share, for the third quarter of 2023. For the year ended December 31, 2023, net income was $64.4 million, or $1.05 per average diluted common share, compared to $66.6 million, or $1.09 per average diluted common share, for the year ended December 31, 2022. All results are unaudited. “In 2023, despite challenges faced by many banks, the Company had a successful year with stable client...

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