Industry News

M&T Bank Corporation has reported GAAP-basis net income of USD336 million in the recently completed quarter, up 17 percent from USD287 million in the second quarter of 2015 and 13 percent from USD299 million in the initial 2016 quarter, the company said. GAAP-basis net income for the second quarter of 2016 expressed as an annualized rate of return on average assets and average common shareholders' equity was 1.09 percent and 8.38 percent, respectively, compared with 1.18..."/>
M&T Bank reports Q2 2016 diluted net income of USD336 million
Marquette National Corporation has declared a cash dividend of USD0.375 per share, the company said. The dividend will be payable on October 3, 2016 to shareholders of record on September 23, 2016. As of June 30, 2016, Marquette had 1,120,529 shares issued and outstanding."/>
Marquette National declares quarterly cash dividend
Renasant Corporation has reported net income of USD22.9 million in the second quarter of 2016, an increase of 48.75 percent from USD15.4 million for the second quarter of 2015, the company said. The company incurred pre-tax merger and conversion expenses of USD2.8 million, or USD1.9 million on an after-tax basis, for the second quarter of 2016 as compared to pre-tax merger and conversion expenses incurred during the second quarter of 2015 of USD1.5 million."/>
Renasant reports Q2 2016 net income of USD23m
Marquette National Corporation has reappointed Michael Devlin to the board of directors, the company said. Devlin is an experienced commercial banker who served on the board of directors for the past 18 years, until the end of April. The publicly traded bank holding company, of which he was the CEO, merged into a larger organization in May 2016 and he stepped down from his positions."/>
Marquette National reappoints board member
Pacific Continental Corporation, the holding company of Pacific Continental Bank, has approved a regular cash dividend of USD0.11 per share, the company said. The dividend is payable August 16, to shareholders of record as of August 2.. Pacific Continental Bank has USD2.0 billion in assets, and delivers banking services through 14 banking offices in Oregon and Washington."/>
Pacific Continental declares regular dividend
Parke Bancorp, Inc., the parent company of Parke Bank, has reported net income available to common shareholders of USD8.3 million, for the quarter ended June 30, 2016, compared to net income available to common shareholders of USD2.2 million for the quarter ended June 30, 2015, an increase in net income of 275.5 percent, the company said. Net income available to common shareholders year-to-date was USD10.7 million or USD1.26 per diluted common share, compared to USD4.4 million,..."/>
Parke Bancorp reports Q2 2016 net income of USD8m
BancorpSouth, Inc. has reported net income of USD34.7 million for the second quarter of 2016, compared with net income of USD39.7 million for the second quarter of 2015 and net income of USD22.5 million for the first quarter of 2016, the company said. The company reported net operating income-- excluding MSR of USD37.2 million, or USD0.39 per diluted share, for the second quarter of 2016 compared to USD37.0 million, or USD0.39 per diluted share, for the second quarter of 2015 and..."/>
BancorpSouth reports Q2 2016 USD34m in net income
LegacyTexas Financial Group, Inc. has reported net income of USD23.2 million for the second quarter of 2016, an increase of USD1.1 million from the first quarter of 2016, and USD3.0 million from the second quarter of 2015, the company said. The company exceeded USD8.0 billion in assets and earned an annualized return on average assets of 1.20 percent, which generated basic and diluted earnings per share for the second quarter of 2016 of USD0.50. Net interest income for the..."/>
LegacyTexas Financial reports Q2 2016 net income of USD23m
Nicolet Bankshares, Inc. has reported second quarter 2016 net income of USD3.3 million, compared to USD2.7 million in the first quarter 2016 and USD2.9 million for the second quarter 2015, the company said. The company said the second quarter includes two months of combined operating results following the Baylake Corp. merger and a one-time USD1.7 million lease termination charge related to a Nicolet branch closure concurrent with the merger, and both quarters each carry..."/>
Nicolet Bankshares report USD3m net income in Q2 2016
United Financial Bancorp, Inc. has reported net income of USD9.1 million for the quarter ended June 30, 2016, compared to net income for the linked quarter of USD11.9 million, the company said. Operating net income for the second quarter of 2016 was USD10.0 million, compared to USD10.9 million for the linked quarter. In the first quarter of 2016, operating income was adjusted for Federal Home Loan Bank of Boston prepayment penalties."/>
United Financial Bancorp reports USD9.1m net income in Q2 2016
M&T Bank Corporation has declared quarterly cash dividends of USD15.9375 per share on each of its Series A and Series C preferred stock, the company said. The dividends will be payable August 15, 2016 to shareholders of record at the close of business on August 1, 2016.. M&T Bank Corporation is a financial holding company of M&T Bank."/>
M&T Bank declares dividend on Series A, Series C preferred stock
Bank of the James Financial Group, Inc., the parent company of Bank of the James, a full-service commercial and retail bank serving the greater Lynchburg area, and the Charlottesville, Harrisonburg, and Roanoke, Virginia markets, today announced unaudited results for the three months and six months ended June 30, 2016.. Net income for the three months ended June 30, 2016 was $1.05 million or $0.24 per diluted share compared with $957,000 or $0.28 per..."/>
Bank of the James Announces Second Quarter, First Half 2016 Financial Results and Declaration of Dividend
Ocean Shore Holding Co. declared a quarterly cash dividend on the Company's outstanding shares of common stock. The dividend of $0.06 per share will be paid on or about August 26, 2016 to stockholders of record as of the close of business on August 5, 2016.. Ocean Shore Holding Co. is the parent company of Ocean City Home Bank."/>
Ocean Shore Holding Co. Announces Quarterly Cash Dividend
IGM Financial Inc. has been added to the FTSE4Good Index Series. FTSE Russell confirms that IGM Financial has been independently assessed according to the FTSE4Good criteria, and has satisfied the requirements to become a constituent of the FTSE4Good Index Series. Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong environmental, social and..."/>
IGM Financial Inc. Added to FTSE4Good Index Series
Blue Valley Ban Corp. today reported consolidated net income for the quarter ended June 30, 2016 of $580,000, compared to a net loss of$ for the quarter ended June 30, 2015. For the six months ended June 30, 2016, the Company earned $870,000 compared to $489,000 for the six months ended June 30, 2015. Net income per common share for the quarter- and year-to-date periods ended June 30, 2016 was $0.11 and $0.16, respectively, compared to net loss of$ and$, respectively,..."/>
Blue Valley Ban Corp. Announces Second Quarter 2016 Operating Results
Allied World Assurance Company Holdings, AG today announced that Scott Carmilani, President and CEO of Allied World, and other members of Allied World’ s executive management team, will mark an exciting milestone by ringing the opening bell at the New York Stock Exchange on Monday, July 25, 2016. The opening bell ceremony commemorates Allied World’ s 10th anniversary as a NYSE-listed public company, as the company’ s common shares began trading on the NYSE under the..."/>
Allied World Commemorates 10th Anniversary as a Public Company; Rings Opening Bell at the New York Stock Exchange
MutualFirst Financial, Inc. will be presenting at the Keefe, Bruyette& Woods 2016 Community Bank Investor Conference in New York City on August 2 and 3, 2016.. David W. Heeter, President and Chief Executive Officer, along with Christopher D. Cook, Treasurer and Chief Financial Officer, will present at 3:00 p.m. EDT on Tuesday, August 2, 2016. The presentation will be broadcasted live and a replay will be available for 180 days after the presentation..."/>
MutualFirst to Present at the KBW Community Bank Investor Conference
ProAssurance Casualty Company, ProAssurance Indemnity Company, Inc., ProAssurance Specialty Insurance Company, Inc., and ProAssurance American Mutual, A Risk Retention Group. The companies are collectively referred to as ProAssurance Group. The outlook for each rating is stable. All companies are headquartered in Birmingham, AL."/>
A.M. Best Affirms Ratings of ProAssurance Corporation and Its Subsidiaries
First Federal of Northern Michigan Bancorp, Inc. reported consolidated net income of $197,000, or $0.05 per basic and diluted share, for the quarter ended June 30, 2016 compared to $380,000, or $0.10 per basic and diluted share, for the quarter ended June 30, 2015.. Consolidated net income for the six months ended June 30, 2016 was $457,000, or $0.12 per basic and diluted share, compared to $735,000, or $0.20 per basic and diluted share for the..."/>
First Federal Of Northern Michigan Bancorp, Inc. Announces Second Quarter 2016 Results
Travelers Companies, Inc., collectively known as Travelers Group. Best has also affirmed the FSR of A++ and the ICR of“ aa+” of Travelers Casualty and Surety Company of America, and TCSA’ s affiliates, Travelers Casualty and Surety Company of Europe Limited and Travelers Insurance Company of Canada. Best has affirmed the ICR and senior issue ratings of“ a+”..."/>
A.M. Best Affirms Ratings of The Travelers Companies, Inc. and Its Subsidiaries
Chino Commercial Bancorp, the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the second quarter ended June 30, 2016 with net earnings of $371,840, or an increase of 5.2%, compared with net income of $353,552 for the same quarter last year. Net income per basic share for the second quarter of 2016 was $0.30 as compared to $0.29 for the same..."/>
Chino Commercial Bancorp Reports 5% Increase In Second Quarter Earnings
Urstadt Biddle Properties Inc. has acquired for USD 45.325 m the Newfield Green Shopping Center in Stamford, Connecticut, the company said. Newfield Green is a 72,000 square foot shopping center, anchored by a 31,000 square foot Grade A Market and a 14,200 square foot CVS. The centre, at closing was 97% leased."/>
Urstadt Biddle Properties Acquires Connecticut, US Shopping Centre for USD 45.325m

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