Industry News

Sierra Bancorp, parent of Bank of the Sierra, today announced its unaudited financial results for the quarter and the six-month period ended June 30, 2016. Sierra Bancorp recognized consolidated net income of $4.086 million for the second quarter of 2016, which represents a slight increase relative to net income for the first quarter of 2016 but a drop of 10% relative to net income in the second quarter of 2015. The decline from net..."/>
Sierra Bancorp Reports Earnings
Clayton Williams Energy, Inc. announced today the sale of 5,051,100 shares of common stock to funds managed by Ares Management, L.P. for cash proceeds of $150 million, or approximately $29.70 per share."/>
Clayton Williams Energy Announces Agreement to Sell $150 Million of Common Stock
Bank of Marin Bancorp, "Bancorp", parent company of Bank of Marin, announced quarterly earnings of $4.8 million in the second quarter of 2016, compared to $5.6 million in the first quarter of 2016 and $4.3 million in the second quarter of 2015. Diluted earnings per share were $0.79 in the second quarter, compared to $0.93 in the prior quarter and $0.71 in the same quarter a year ago. Year-to-date earnings of $10.5 million grew 20.7% compared to $8.7 million for the same..."/>
Bank of Marin Bancorp Reports Quarterly Earnings of $4.8 Million
AmeriServ Financial, Inc. announced that its Board of Directors declared a $0.015 per share quarterly common stock cash dividend. This new quarterly dividend amount represents a 50% increase from the previous $0.01 per share quarterly dividend. The cash dividend is payable August 22, 2016 to shareholders of record on August 8, 2016."/>
AmeriServ Financial, Inc. Increases Quarterly Common Stock Cash Dividend
Shore Bancshares, Inc. announced today that its Board of Directors has approved a stock repurchase program. Under the new repurchase program, management is authorized to repurchase up to 400,000 shares, or approximately 3.2%, of the 12.7 million outstanding shares of the Company's common stock. The program may be limited or terminated at any time without prior notice."/>
Shore Bancshares Announces Stock Repurchase Plan
Oak Ridge Financial Services, Inc., the parent company of Bank of Oak Ridge, announced unaudited financial results for the second quarter of 2016 today.. The Company’ s net income for the second quarter of 2016 was $743,000 compared to net income of $855,000 for the second quarter of 2015, a decrease of $112,000. Net income available to common stockholders for the second quarter of 2016 was $626,000 compared to net income of $738,000 for the second quarter..."/>
Oak Ridge Financial Services, Inc. Announces Second Quarter 2016 Net Income, Redemption of Series A Preferred Stock
Lakeland Financial Corporation, parent company of Lake City Bank, today reported record quarterly net income of $12.8 million for the second quarter of 2016, an increase of 13%, versus $11.4 million for the second quarter of 2015. Diluted net income per common share of $0.76 for the second quarter of 2016 also represents a quarterly record and an increase of 12%, versus $0.68 for the comparable period of 2015. On a linked-quarter basis net income increased..."/>
Lakeland Financial Reports Record Performance
Santander Consumer USA Holdings Inc. announced today that it will delay the release of its Q2 2016 financial results, previously scheduled for Wednesday, July 27, 2016, because the Company's financial statements for the quarter have not yet been completed. The Company is in discussions with its current and previous independent accountants regarding certain accounting matters, primarily related to the Company's discount accretion and..."/>
Santander Consumer USA Holdings Inc. Provides Q2 2016 Earnings Update
Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, a wholly owned banking subsidiary, and PM Asset Resolution, Inc., a wholly owned non-bank subsidiary, today reported its financial results..."/>
Pacific Mercantile Bancorp Reports Second Quarter 2016 Operating Results
BNC Bancorp, the holding company for Bank of North Carolina has priced an underwritten public offering of 2,500,000 shares of its common stock at a price of USD22.00 per share, the company said. The offering is expected to result in gross proceeds of USD55.0 million and net proceeds of approximately USD51.8 million, after underwriting discounts and estimated offering expenses. Stephens Inc. is serving as the sole book-running manager for the offering."/>
BNC Bancorp pricing common stock offering
Capitol Federal Financial, Inc. has declared a quarterly cash dividend of USD0.085 per share on outstanding CFFN common stock. The dividend is payable on August 19, 2016 to stockholders of record as of the close of business on August 5, 2016.. Capitol Federal Financial, Inc. is the holding company for Capitol Federal Savings Bank with 47 branch locations in Kansas and Missouri."/>
Capitol Federal declares quarterly dividend
PNC Bank's tiny branch debuts in Morgantown
S&T Bancorp, Inc. has reported second quarter 2016 earnings of USD17.1 million, compared to first quarter of 2016 earnings of USD16.1 million, and second quarter of 2015 earnings of USD18.2 million, the company said. Net interest income was USD49.7 million for the second quarter of 2016 compared to USD49.6 million in the prior quarter. Net interest margin on a fully taxable equivalent basis decreased 9 basis points to 3.44 percent compared to 3.53 percent in the prior quarter."/>
S&T Bancorp reports Q2 2016 earnings of USD17m
PrivateBancorp, Inc. has reported net income of USD50.4 million for the second quarter 2016, compared to USD46.4 million for the second quarter 2015.. Second quarter 2016 results included USD6.3 million of costs related to the company's recently announced transaction with CIBC, which reduced earnings per share by USD0.05 on an after-tax basis. For the six months ended June 30, 2016, the company had net income of USD99.9 million, compared to USD87.9 million for the six months..."/>
PrivateBancorp reports Q2 2016 net income of USD50m
Citizens First Corporation has reported second quarter 2016 net income of USD1, 074,000, a 19.5 percent increase over USD899, 000, for the quarter ended June 30, 2015, the company said. For the six months ended June 30, 2016, net income totaled USD1.98 million. This represents an increase of USD298, 000, from the net income of USD1.68 million in the first six months of the previous year."/>
Citizens First reports Q2 2016 net income of USD1m
First West Virginia Bancorp, Inc. has reported net income of USD957, 979 for the six months ended June 30, 2016 compared to USD1, 370,069 for the same period during 2015, the company said. For the second quarter of 2016, net income was USD300, 895 or USD.18 per share as compared to USD332, 017 or USD.20 per share for the same period in 2015.. Non-interest income decreased USD507, 668 or 31.3 percent primarily due to the decrease in the net gains on sales of investment securities."/>
First West Virginia Bancorp reports 1st half 2016 net income of UD957,979
Heritage Financial Corporation has reported net income of USD8.9 million for the quarter ended June 30, 2016 compared to net income of USD8.7 million for the quarter ended June 30, 2015 and USD9.1 million for the linked-quarter ended March 31, 2016, the company said. Diluted earnings per common share for the quarter ended June 30, 2016 was USD0.30 per diluted common share compared to USD0.29 per diluted common share for the quarter ended June 30, 2015 and USD0.30 for the..."/>
Heritage Financial reports USD8.9 net income in Q2 2016
F.N.B. Corporation reports Q2 2016 net income of USD39m
Bank of New York Mellon Corporation has reported second quarter net income applicable to common shareholders of USD825 million, or USD830 million, or USD0.76 per diluted common share, adjusted for M&I, litigation and restructuring charges, compared to the second quarter of 2015,th e company said. In the first quarter of 2016, net income applicable to common shareholders was USD804 million, or USD0.73 per diluted common share. The company repurchased 12.5 million common..."/>
BNY Mellon reports Q2 2016 earnings of USD825m
TICC Capital Corp. today reiterated the Company’ s commitment to maintaining its existing distribution policy and provided additional perspective on the policy. To avoid paying federal income and excise taxes on its investment company taxable income, TICC must distribute 100% of its taxable income to its shareholders. Although the tax rules governing the timing of those distributions are complex, companies like TICC generally have some discretion over..."/>
TICC Reiterates Commitment to Maintaining Its Existing Distribution Policy
Banc of California, Inc. has reported net income of USD26.5 million for the second quarter of 2016, the company said. Pre-tax income for the second quarter of 2016 was USD44.8 million, an increase of 63 percent compared to second quarter of 2015. Net income available to common shareholders for the second quarter was USD21.4 million, an increase of 64 percent compared to the second quarter of 2015.."/>
Banc of California reports Q2 2016 net income of USD26.5m
United Financial Bancorp, Inc. has declared a USD0.12 per share cash dividend on the company's common stock, the company said. The dividend is payable to shareholders of record at the close of business on July 29, 2016 and payable on August 10, 2016.. United Financial Bancorp, Inc. is the holding company for United Bank, a full service financial services firm offering commercial, business and consumer banking products and services to customers throughout..."/>
United Financial Bancorp declares quarterly dividend
Pacific Continental Corporation, the holding company of Pacific Continental Bank, has reported second quarter 2016 net income of USD2.6 million, the company said. Net income for the second quarter 2016 of USD2.6 million included non-core costs associated with the pending acquisition of Foundation Bank, which were approximately USD2.0 million. Second quarter 2016 non-interest income was USD1.7 million, flat from the first quarter 2016."/>
Pacific Continental reports Q2 2016 net income of USD2.6m

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Most Popular Sectors in the News
Sectors Articles in the last 7 days
Financials726 Articles
Information Technology706 Articles
Consumer Discretionary626 Articles
Industrials471 Articles
Health Care423 Articles

Sponsored Financial Commentaries

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact , please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.