Day: July 25, 2024

CALGARY, Alberta, July 25, 2024 (GLOBE NEWSWIRE) — (TSX:SHLE) Source Energy Services Ltd. (“Source”) is pleased to announce that it has entered into a partnership with Trican Well Service Ltd. (“Trican”) to construct a new terminal (the “Terminal”) in the District of Taylor, British Columbia. The Terminal will be unit train capable and will feature ~55,000 tonnes of storage and greater than 12,000 tonnes of daily throughput capacity making it one of the largest facilities in northeast British Columbia. “We are proud to partner with the leading pressure pumping service company in the Western Canadian Sedimentary Basin to develop much needed northeast British Columbia sand logistics infrastructure,” said Scott Melbourn, Chief Executive Officer of Source. “Upon completion Source and Trican will be able to offer unparalleled service...

SAN JOSE, Calif., July 25, 2024 (GLOBE NEWSWIRE) — Heritage Commerce Corp (NASDAQ: HTBK) (the “Company”) the holding company of Heritage Bank of Commerce (the “Bank”) today announced that its Board of Directors (the “Board”) adopted a share repurchase program (the “Repurchase Program”) under which the Company is authorized to repurchase up to $15 million of the Company’s shares of its issued and outstanding common stock. “From time to time, we believe Heritage’s shares are undervalued and repurchases represent a value-enhancing deployment of capital,” said Clay Jones, President and Chief Executive Officer. “We are confident about the growth of our Company, and we believe that when our shares are undervalued, repurchases represent a value-enhancing deployment of capital. We believe this Repurchase Program...

WINTER PARK, Fla., July 25, 2024 (GLOBE NEWSWIRE) — CTO Realty Growth, Inc. (NYSE: CTO) (the “Company” or “CTO”) today announced its operating results and earnings for the quarter ended June 30, 2024. Second Quarter and Recent HighlightsReported Net Loss per diluted share attributable to common stockholders of $(0.03) for the quarter ended June 30, 2024. Reported Core FFO per diluted share attributable to common stockholders of $0.45 for the quarter ended June 30, 2024. Reported AFFO per diluted share attributable to common stockholders of $0.48 for the quarter ended June 30, 2024. Received net proceeds of $33.1 million from the completion of a follow-on public offering of 1,718,417 shares of the Company’s 6.375% Series A Cumulative Redeemable Preferred Stock. Received net proceeds of $4.3 million from the issuance of 248,960...

VANCOUVER, British Columbia, July 25, 2024 (GLOBE NEWSWIRE) — American Hotel Income Properties REIT LP (“AHIP”) (TSX: HOT.UN, TSX: HOT.U, TSX: HOT.DB.V) announces the recent sudden passing of its Chair, Mr. W Michael Murphy. Mr. Murphy was a member of the AHIP Board since its initial public offering, and was appointed Chair of the Board in May 2016. Michael also served as a member and Chair of various of AHIP’s Board Committees over the years. “We are very saddened to hear of Michael’s passing,” said Jonathan Korol, CEO of AHIP. “We would like to express our heartfelt sympathies to Michael’s family during this difficult time. He was a long-time member of the Board of Directors at AHIP, was well respected and highly regarded by those who knew him as a colleague and friend. We will miss his leadership, guidance, wit and business...

JEFFERSONVILLE, Ind., July 25, 2024 (GLOBE NEWSWIRE) — First Savings Financial Group, Inc. (NASDAQ: FSFG – news) (the “Company”), the holding company for First Savings Bank (the “Bank”), today reported net income of $4.1 million, or $0.60 per diluted share, for the quarter ended June 30, 2024 compared to net income of $2.3 million, or $0.34 per diluted share, for the quarter ended June 30, 2023. Excluding nonrecurring items, the Company reported net income of $3.5 million (non-GAAP measure)(1) and net income per diluted share of $0.52 (non-GAAP measure)(1) for the quarter ended June 30, 2024 compared to $2.3 million, or $0.34 per diluted share for the quarter ended June 30, 2023. The core banking segment reported net income of $4.7 million, or $0.69 per diluted share for the quarter ended June 30,...