Industry News

First Defiance Financial Corp., which owns First Federal Bank, reported a higher profit Monday for its second quarter than the same period a year ago. The banking company said it had net income of $7.3 million for the April through June period, or 80 cents a share, up from $6.6 million, or 70 cents a share, for the same period a year ago. Its net interest income, a key measure of a bank's health, was $19.4 million for the quarter, up from $18.4 million a year earlier and its..."/>
BRIEF: Owner of First Federal Bank reports profits [The Blade, Toledo, Ohio]
MGIC Investment Corporation today reported pretax income of $165.2 million for the quarter ended June 30, 2016 compared with $115.0 million for the same period last year. For the quarter ended June 30, 2016 net income was $109.2 million, compared with a net income of $113.7 million for the same quarter a year ago. Diluted net income per share was $0.26 for the quarter ending June 30, 2016, compared to diluted net income per share of $0.28 for the..."/>
MGIC Investment Corporation Reports Second Quarter 2016 Results
Comerica Incorporated today reported second quarter 2016 net income of $104 million, compared to $60 million for the first quarter 2016 and $135 million for the second quarter 2015. Earnings per diluted share were 58 cents for second quarter 2016 compared to 34 cents for first quarter 2016 and 73 cents for second quarter 2015. Comerica also announced the implementation of its efficiency and revenue initiative, which is expected to drive..."/>
Comerica Reports Second Quarter 2016 Financial Results
PICO Holdings, Inc. today announced that the Company will host an investor conference call and audio webcast on Monday, August 8, 2016 at 8 a.m. Eastern Time to discuss its financial results for the second quarter ended June 30, 2016.. To participate on the call please dial 1-844-792-3731 in the U.S. or 1-412-317-5124 outside the U.S., or visit the Investors section of PICO's web site at www.picoholdings.com for a live and archived webcast."/>
PICO Holdings, Inc. to Host Investor Conference Call and Webcast on August 8th at 8 a.m. Pacific Time/11:00 a.m. Eastern Time
Synovus Financial Corp. today reported financial results for the quarter ended June 30, 2016.."/>
Synovus Announces Earnings for the Second Quarter 2016
JMP Group LLC authorised cash distributions of USD0.03 per share for July, August and September 2016, the company reported on Tuesday. These dividends total USD0.09 per share for the third quarter of 2016 and will be paid on 15 August, 15 September and 14 October 2016 to all shareholders of record date on 29 July, 31 August and 30 September 2016, respectively. JMP together with its subsidiaries, provides investment banking and asset management services in..."/>
JMP Group announces monthly distributions of USD0.03 per share for Q3 2016
Mercantile Bank Corporation announced today that Chairman, President and Chief Executive Officer Michael H. Price has provided his intention to retire from the President and CEO positions of Mercantile effective January 1, 2017. Price will remain Chairman and an executive officer until the annual shareholders' meeting scheduled for May 2018, at which time he will remain on the Board of Directors but..."/>
Mercantile Bank Corporation Announces Retirement of President and CEO Michael Price and Planned Succession of Robert Kaminski
Mercantile Bank Corporation reported net income of $7.4 million, or $0.46 per diluted share, for the second quarter of 2016, compared with net income of $6.6 million, or $0.39 per diluted share, for the respective prior-year period. Net income during the first six months of 2016 totaled $16.0 million, or $0.98 per diluted share, compared to $13.2 million, or $0.78 per diluted share, during the first six months of 2015.. The second quarter was..."/>
Mercantile Bank Corporation Reports Strong Second Quarter 2016 Results
Mercantile Bank Corporation announced today that on July 14, 2016, its Board of Directors declared a regular quarterly cash dividend of $0.17 per common share, payable September 21, 2016 to holders of record as of September 9, 2016. The $0.17 cash dividend represents an increase of approximately 6 percent from the $0.16 cash dividend paid during the first and second quarters of 2016.. "We are pleased that our sound financial condition..."/>
Mercantile Bank Corporation Increases Cash Dividend
BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets, today announced an update to the timing of its conference call to discuss these results. The timing of this conference call has been changed to Thursday, July 28, 2016 at 10:30 a.m. ET. The advisory release will notify the public that a full-text financial results press release will be accessible at any of the following pages:."/>
Update of Conference Call Timing: BGC Partners' Second Quarter 2016 Financial Results Announcement to be Issued Prior to Market Open on Thursday, July 28, 2016
Regions Financial Corporation today announced earnings for the second quarter ended June 30, 2016. The company reported net income available to common shareholders of $259 million and earnings per diluted share of $0.20. This Smart News Release features multimedia."/>
Regions Reports Earnings of $259 Million and Earnings Per Share of $0.20 for the Second Quarter of 2016
Two Harbors Investment Corp disclosed on Tuesday that it has appointed Timothy Perrott as senior director of Investor Relations. With over two decades of experience, Perrott has served in global investor relations and corporate communications efforts in various companies. Most recently, he was vice president of Investor Relations at ADT Security Services since 2014."/>
Two Harbors Investment names Timothy J. Perrott as senior director
First Defiance Financial Corp on Tuesday reported that for the second quarter ended 30 June 2016, its net income totalled USD7.3m or USD0.80 per diluted common share, up from the net income of USD6.6m or USD0.70 per diluted common share for the same quarter last year. Net interest income for the company's second quarter was USD19.4m, increased from the net interest income of USD18.4m in the second quarter of 2015. Non-interest income was USD8.6m, also higher than the..."/>
First Defiance Financial reports increased net income for Q2 2016 year over year
Gary Gehm joins Associated Bank as senior client advisor
Moody's Corporation acquired full ownership of a provider of domestic credit ratings in Korea, Korea Investors Service, it revealed on Tuesday. KIS serves the country's capital markets with credit ratings, research and other services and has been a majority-owned affiliate of Moody's Investors Service since 2001. It was founded in 1985.."/>
Moody’s announces acquisition of Korea Investors Service for undisclosed amount

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