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Day: July 29, 2024

Valley National Bancorp Announces Pricing of Series C Preferred Stock Offering

NEW YORK, July 29, 2024 (GLOBE NEWSWIRE) — Valley National Bancorp (“Valley”) (NASDAQ: VLY), the holding company for Valley National Bank, today announced the pricing of a public offering of 6,000,000 shares of its 8.250% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series C (the “Preferred Stock”), for gross proceeds of $150 million. Each share of the Preferred Stock will be issued at a public offering price of $25 per share and has a liquidation preference of $25 per share. Dividends on the Preferred Stock will accrue and be payable quarterly in arrears, at a fixed rate per annum equal to 8.250% from the date of original issue to, but excluding September 30, 2029, and thereafter at a rate per annum equal to the five-year U.S. treasury rate (as defined in the preliminary prospectus supplement relating to the offering)...

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Perseus Mining Delivers Another Impressive Quarter

Perth, July 30, 2024 (GLOBE NEWSWIRE) — JUNE 2024 QUARTER REPORT Perseus Mining delivers strong production & free cashflow resulting in cash and bullion of US$587 million after acquiring Nyanzaga PERTH, Western Australia/ July 30, 2024/Perseus Mining Limited (“Perseus” or the “Company”) (TSX & ASX: PRU) reports on its activities for the three months’ period ended June 30, 2024 (the “Quarter”).Key operating indicators and highlights for the June 2024 quarter (Q4 FY24) include:PERFORMANCE INDICATOR UNIT MARCH 2024QUARTER JUNE 2024QUARTER JUNE 2024 HALF YEAR 2024 FINANCIAL YEARGold recovered Ounces 127,471 120,929 248,400 509,977Gold poured Ounces 128,356 121,726 250,084 511,138Production Cost US$/ounce 923 947 934 882All-In Site Cost (AISC) US$/ounce 1,091 1,173 1,130 1,053Gold sales Ounces 115,648 141,930 257,578 508,669Average...

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Douglas Dynamics Reports Second Quarter 2024 Results

Positive Performance Driven by Work Truck Solutions Growth and Success of 2024 Cost Savings Program Second Quarter 2024 Highlights*:Solutions segment delivered record second quarter results with 24% Net Sales growth, and a significant increase in profitability Successful implementation of 2024 Cost Savings Program yields additional savings; now expected to deliver $11 – $12 million in sustainable annualized savings Paid $0.295 per share cash dividend on June 28, 2024 Maintained 2024 full year outlook*Compared to 2Q23 financials MILWAUKEE, July 29, 2024 (GLOBE NEWSWIRE) — Douglas Dynamics, Inc. (NYSE: PLOW), North America’s premier manufacturer and upfitter of work truck attachments and equipment, today announced financial results for the second quarter ended June 30, 2024. Jim Janik, Chairman, Interim President and CEO,...

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Southern Missouri Bancorp Reports Preliminary Results for Fourth Quarter of Fiscal 2024; Declares Quarterly Dividend of $0.23 Per Common Share; Conference Call Scheduled for Tuesday, July 30, at 9:30am Central Time

Poplar Bluff, Missouri, July 29, 2024 (GLOBE NEWSWIRE) — Southern Missouri Bancorp, Inc. (“Company”) (NASDAQ: SMBC), the parent corporation of Southern Bank (“Bank”), today announced preliminary net income for the fourth quarter of fiscal 2024 of $13.5 million, a decrease of $2.0 million or 13.0%, as compared to the same period of the prior fiscal year. The decrease was primarily due to lower net interest income and noninterest income. Preliminary net income was $1.19 per fully diluted common share for the fourth quarter of fiscal 2024, a decrease of $0.18 as compared to the $1.37 per fully diluted common share reported for the same period of the prior fiscal year. For the full fiscal year 2024, preliminary net income of $50.2 million was an increase of $10.9 million as compared to fiscal 2023, while diluted earnings per share...

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Netcapital Announces Full Year Fiscal 2024 Financial Results

Management to Host Earnings Call on July 30, 2024 at 11 a.m. ETBOSTON, MA, July 29, 2024 (GLOBE NEWSWIRE) — Netcapital Inc. (Nasdaq: NCPL, NCPLW) (the “Company”), a digital private capital markets ecosystem, today announced select financial results for the full fiscal year 2024 ended April 30, 2024. “We saw significant growth in key areas despite a challenging economic environment,” said Martin Kay, CEO of Netcapital Inc. “While there were decreases in both top and bottom line, we remain optimistic about the future, particularly with portal fees increasing over 100% during the year.” Full Year Fiscal 2024 Financial HighlightsRevenues decreased by approximately 42% year-over-year to $4.9 million, compared to revenue of $8.5 million for full fiscal year 2023. Revenue from portal fees increased by approximately 109% year-over-year...

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Heidelberg Materials Expands Reach in Central New York with acquisition of Carver Sand & Gravel

This acquisition complements the company’s existing vertically integrated footprint in Central New York and expands its reach into the attractive and growing Capital Region. Irving, Texas, July 29, 2024 (GLOBE NEWSWIRE) — Heidelberg Materials North America announced today that it has entered into a definitive purchase agreement to acquire Carver Sand & Gravel, the largest aggregates producer in the Albany, New York, area. Included in this acquisition are four quarries, three sand and gravel pits, a trucking business, two asphalt plants, 70 million metric tons of reserves and about 200 employees. Heidelberg Materials and Carver Companies have also agreed on a strategic partnership in the Albany area for land and marine logistics. Carver Sand & Gravel is an established materials producer based in New York’s Capital Region,...

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Grayscale Investments® Provides Update Regarding Upcoming Corporate Action for Grayscale Bitcoin Trust (Ticker: GBTC) Shareholders

STAMFORD, Conn., July 29, 2024 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest crypto asset manager*, offering more than 20 crypto investment products, previously announced that it has set a record date of July 30, 2024 (the “Record Date”) for the initial creation and distribution of shares of Grayscale Bitcoin Mini Trust (the “BTC Trust”) to shareholders of Grayscale Bitcoin Trust (Ticker: GBTC) (“GBTC”) (referred to as the “Initial Distribution”). Grayscale also previously announced an intention to list Grayscale Bitcoin Mini Trust on NYSE Arca, subject to required regulatory approvals, under the ticker symbol “BTC.” Today, Grayscale is confirming that from and after July 30, 2024, anyone who purchases GBTC shares will not be entitled to receive BTC shares in the Initial Distribution. Additionally, Grayscale currently...

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CVR Partners Reports Second Quarter 2024 Results

Second quarter net income of $26 million, or $2.48 per common unit; EBITDA of $54 million Announced cash distribution of $1.90 per common unitSUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) — CVR Partners, LP (NYSE: UAN, “CVR Partners” or the “Partnership”), a manufacturer of ammonia and urea ammonium nitrate (“UAN”) solution fertilizer products, today announced net income of $26 million, or $2.48 per common unit, and EBITDA of $54 million on net sales of $133 million for the second quarter of 2024, compared to net income of $60 million, or $5.66 per common unit, and EBITDA of $87 million on net sales of $183 million for the second quarter of 2023. “CVR Partners reported solid operating results for the second quarter of 2024 driven by safe, reliable operations and a combined ammonia production rate of 102 percent,” said Mark...

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CVR Energy Reports Second Quarter 2024 Results

Second quarter net income attributable to CVR Energy stockholders of $21 million; EBITDA of $103 million; adjusted EBITDA of $87 million Second quarter earnings per diluted share of 21 cents and adjusted earnings per diluted share of 9 cents Announced cash dividend of 50 cents per share CVR Partners announced a cash distribution of $1.90 per common unitSUGAR LAND, Texas, July 29, 2024 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share, and EBITDA of $103 million for the second quarter of 2024, compared to net income attributable to CVR Energy stockholders of $130 million, or $1.29 per diluted share, and EBITDA of $300 million for the second quarter of 2023. Excluding the adjustments shown...

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German American Bancorp, Inc. (GABC) Reports Strong Second Quarter 2024 Earnings

JASPER, Ind., July 29, 2024 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (Nasdaq: GABC) reported strong second quarter earnings of $20.5 million, or $0.69 per share. This level of quarterly earnings reflected a linked quarter increase of $1.5 million, or approximately 8% on a per share basis, from 2024 first quarter earnings of $19 million or $0.64 per share. Second quarter 2024 operating performance was highlighted by a stabilized net interest margin, solid loan and deposit growth, continued strong credit metrics, growth in most non-interest income categories and controlled non-interest expense. As previously reported, the Company also sold the assets of its wholly-owned subsidiary, German American Insurance, Inc., during the second quarter, for $40.0 million (or approximately 4x the subsidiary’s 2023 revenue) in an all-cash...

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