Industry News

Cincinnati Financial Corporation has reported second-quarter 2016 net income of USD123 million, compared with USD176 million in the second quarter of 2015, the company said. The company reported a USD43 million decrease in operating income to USD95 million, down from USD138 million in the second quarter of last year. Cincinnati Financial Corporation offers business, home and auto insurance, our main business, through The Cincinnati Insurance Company and its two standard..."/>
Cincinnati Financial reports Q2 2016 net income of USD123m
First Bancorp, the parent company of First Bank, has reported net income available to common shareholders of USD7.6 million for the three months ended June 30, 2016, an increase of 25.7 percent compared to the USD6.0 million recorded in the second quarter of 2015, the company said. For the six months ended June 30, 2016, the company recorded net income available to common shareholders of USD14.4 million, an increase of 12.2 percent compared to the USD12.8 million for the six..."/>
First Bancorp reports Q2 2016 net income of USD7.6m
Republic First Bancorp, Inc. has entered into an agreement to acquire Oak Mortgage Company, LLC, a residential mortgage company headquartered in Marlton, NJ, the company said. The company said Oak Mortgage will maintain its current business model and operate as a wholly owned subsidiary of the bank. Oak Mortgage closed more than USD330 million in mortgage loans in 2015.."/>
Republic Bank to acquire Oak Mortgage
Sun Bancorp, Inc., the holding company for Sun National Bank has reported net income of USD3.0 million for the quarter ended June 30, 2016, compared to net income of USD826 thousand for the quarter ended March 31, 2016, and net income of USD2.8 million for the quarter ended June 30, 2015, the company said. Board of directors of the company has declared a quarterly cash dividend of USD0.01 per share on its common stock. The dividend will be payable on September 6, 2016 to shareholders..."/>
Sun Bancorp reports USD3m Q2 2016 net income
S&P Global has declared a regular quarterly cash dividend on the corporation's common stock, the company said. The dividend of USD0.36 is payable on September 12, 2016, to shareholders of record on August 26, 2016. The annualized dividend rate is USD1.44 per share."/>
S&P Global declares quarterly dividend
Southern Michigan Bancorp, Inc. has reported second quarter 2016 net income of USD1, 398,000, or USD0.58 per share, compared to net income of USD1, 880,000, or USD0.79 per share, for the second quarter of 2015, the company said. Southern earned USD2, 772,000, or USD1.15 per share, for the six-month period ended June 30, 2016 compared to USD3, 089,000, or USD1.29 per share, for the same six-month period a year ago. During the second quarter of 2015 Southern recorded USD555, 000 of tax-free..."/>
Southern Michigan Bancorp reports Q2 2016 net income of USD1.4m
Peoples Bancorp Inc. has reported net income of USD8.0 million for the second quarter of 2016 and USD16 million for the six months ended June 30, 2016, compared to USD4.2 million in 2015, the company said. Net interest income was USD26.3 million in the second quarter of 2016, a two percent increase compared to the linked quarter and a 6 percent increase over the second quarter of 2015. The net interest margin for the second quarter of 2016 was 3.57 percent, compared to 3.53 percent..."/>
Peoples Bancorp Inc. reports Q2 2016 net income of USD8m
Mission Valley Bancorp has reported year-to-date net income of USD1, 603,000 for the period ended June 30, 2016, the company said. Total assets increased USD28.8 million or 10.7 percent to USD299 million for the period ended June 30, 2016 as compared to USD270 million for the same period last year. Asset growth was driven by a USD40.5 million or 22.7 percent year-over-year increase in net loans funded by a 10.7 percent year-over-year increase in total deposits."/>
Mission Valley Bancorp reports 1st half 2016 net income of USD1.6m
Comerica Incorporated has declared a 4.5 percent increase of the quarterly cash dividend for common stock to USD0.23 cents per share, the company said. The dividend is payable October 1, 2016, to common stock shareholders of record on September 15, 2016.. The board authorized an increase of the number of shares of common stock that Comerica is authorized to repurchase under its share repurchase program by up to 10 million additional shares."/>
Comerica declares dividend increase of 4.5%
Sun Life Financial, Inc.. This securitization facility will enable Blue Bridge Financial to expand its market share and continue the expansion of Sun Life's and..."/>
Sun Life Financial, Securcor, Blue Ridge Financial partner in securitization facility
FirstMerit Corporation has reported second quarter 2016 net income of USD58.3 million, or USD0.34 per diluted share, the company said. Excluding merger-related charges and non merger-related real estate write-downs primarily due to branch consolidations of USD6.6 million, or USD4.3 million after tax, EPS was USD0.361 per diluted share. This compares with USD54.1 million, or USD0.31 per diluted share, for the first quarter 2016 and USD56.6 million, or USD0.33 per diluted..."/>
FirstMerit reports Q2 2016 net income of USD58m
KeyCorp has reported second quarter net income from continuing operations attributable to Key common shareholders of USD193 million, or USD.23 per common share, compared to USD182 million, or USD.22 per common share, for the first quarter of 2016, and USD230 million, or USD.27 per common share, for the second quarter of 2015, the company said. During the second quarter of 2016, Key incurred merger-related expense totaling USD45 million, or USD.04 per common share, compared to..."/>
KeyCorp reports Q2 2016 net income of USD193m
Home Bancorp, Inc. the parent company for Home Bank, N.A. has reported net income of USD4.0 million for the second quarter of 2016, an increase of USD667, 000, or 20 percent, compared to the first quarter of 2016 and an increase of USD1.2 million, or 41 percent, compared to the second quarter of 2015, the company said. The second and first quarters of 2016 and the second quarter of 2015 include merger-related expenses, net of taxes, totaling USD143, 000, USD398, 000 and USD232, 000,..."/>
Home Bancorp reports Q2 2016 net income of USD4m
Berkshire Hills Bancorp, Inc. has reported second quarter GAAP earnings of USD0.52 per share in 2016 compared to USD0.35 in 2015, the company said. Core earnings increased to USD0.54 per share from USD0.51 for these respective periods. The company reported a five percent increase in total loan growth compared to the first quarter 2015.."/>
Berkshire Hills reports Q2 2016 USD0.52 per share GAAP earnings
Flagstar Bancorp, Inc., the holding company for Flagstar Bank, FSB, has reported second quarter 2016 net income of USD47 million, or USD0.66 per diluted share, as compared to USD39 million in the first quarter 2016, or USD0.54 per diluted share, and net income of USD46 million in the second quarter 2015, or USD0.68 per diluted share, the company said. Second quarter 2016 net interest income remained stable at USD77 million, compared to USD79 million for the first quarter 2016."/>
Flagstar reports Q2 2016 net income of USD47m
First Republic Bank has priced USD400, 000,000 in aggregate principal amount of its subordinated notes due 2046, the company said. First Republic will pay interest on the subordinated notes semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2017. The offering is expected to close on or about August 1, 2016.."/>
First Republic prices USD400m subordinated notes offering
Webster Financial Corporation has declared a quarterly cash dividend of USD0.25 per share on its common stock, the company said. The dividend on the common shares will be payable August 22, 2016 to shareholders of record on August 8, 2016.. On its Series E preferred stock, Webster declared a quarterly cash dividend of USD400 per share."/>
Webster Financial declares common dividend
Sound Financial Bancorp, Inc., the holding company for Sound Community Bank, today reported net income of $1.3 million for the quarter ended June 30, 2016, or diluted earnings per share of $0.49, as compared to net income of $1.1 million, or diluted earnings per share of $0.43, for the quarter ended March 31, 2016 and $1.2 million, or diluted earnings per share of $0.48, for the quarter ended June 30, 2015.. “We are pleased with the Company’ s performance for the first..."/>
Sound Financial Bancorp, Inc. Reports 2nd Quarter Net Income of $1.3 million or $0.49 per share
Radian Announces Second Quarter 2016 Financial Results
BFC Financial Corporation and BBX Capital Corporation announced today that they have entered into a definitive merger agreement between the companies. Under the terms of the merger agreement, which was unanimously approved by a special committee comprised of BBX's independent directors as well as the boards of directors of both companies, BBX's shareholders other than BFC will be entitled to receive, at their election, 5.4 shares of BFC's Class A..."/>
BFC Financial Corporation and BBX Capital Corporation Announce Definitive Agreement to Merge
American Capital Agency Corp reported on Wednesday that its board of directors approved a cash dividend of USD0.18 per share on the company's common stock for August 2016.. With an ex-dividend date of 29 August 2016, the dividend will be paid on 9 September 2016 to stockholders of record as of 31 August 2016. Also, the company said that it will declare its 31 July 2016 estimated net book value per common share in mid-August."/>
American Capital Agency declares August 2016 dividend of USD0.18 per share
Northeast Indiana Bancorp Inc on Wednesday declared a common stock cash dividend of USD0.21 per share. The dividend will be paid on 23 August 2016 to shareholders of record on 9 August 2016.. Also, the company said that the book value of its common stock was USD28.49 per share as of 30 June 2016."/>
Northeast Indiana declares USD0.21 per share quarterly dividend

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