Industry News

India's 10-year bond yield nears 2009 lows [Mint, New Delhi]
Punjab National Bank's net profit fell 57% to Rs.306 crore in the first quarter of 2016-17 from Rs.720 crore in the year-ago period as bad debts zoomed. Gross non-performing assets of the bank as a percentage of advances more than doubled to 13.75% from 6.47% in the year-ago period. Net NPAs also touched 9.16% from 4.05% in the year-ago quarter."/>
PNB Q1 profit falls 57% to Rs306 crore [Mint, New Delhi]
Essex Property Trust, Inc. announced today its second quarter 2016 earnings results and related business activities. Net Income and Funds from Operations per diluted share for the quarter ended June 30, 2016 are detailed below. Core FFO excludes acquisition and investment related costs and certain non-routine items."/>
Essex Announces Second Quarter 2016 Results
Kite Realty Group Trust announced operating results for the second quarter ended June 30, 2016. The attached financial statements, exhibits and reconciliations of non-GAAP measures provide the details of these results. Net loss attributable to common shareholders was $1.9 million, or $0.02 per diluted common share, including $2.8 million of transaction costs. Funds From Operations, as adjusted, increased 6% compared to the same period in the prior year and was..."/>
Kite Realty Group Trust Reports Second Quarter Results
WSFS Financial Corporation, the parent company of WSFS Bank, reported net income of $17.5 million, or $0.58 per diluted common share for the second quarter of 2016 compared to net income of $12.2 million, or $0.43 per share for the second quarter of 2015 and net income of $15.8 million, or $0.52 per share for the first quarter of 2016.. Results for the second quarter of 2016 reflect net revenues of $71.3 million, or an increase of $9.7 million, net interest..."/>
WSFS Reports EPS of $0.58, a 35% Increase Over the 2nd Quarter of 2015; and ROA of 1.23%, ROE of 11.6% and ROTCE of 14.0% for the 2nd Quarter of 2016; All Driven by Strong Growth in Revenue
Hanover Insurance Group, Inc. today reported net income of $2.0 million, or $0.05 per diluted share, for the second quarter of 2016, which included a previously announced non-operating charge of $56.0 million, net of tax, on the retirement of debt. This compared to net income of $120.7 million, or $2.68 per diluted share, in the prior-year quarter, which included a non-operating gain of $40.3 million, net of tax, on the sale of the U.K. motor..."/>
The Hanover Reports Second Quarter Net Income of $0.05 per Diluted Share; Second Quarter Operating Income(1) of $1.24 per Diluted Share; Combined Ratio of 97.3%, including Catastrophe Impact of 4.5 points
Federated Investors, Inc., one of the nation's largest investment managers, today reported earnings per diluted share of $0.51 for Q2 2016, compared to $0.40 for the same quarter last year on net income of $52.7 million for Q2 2016, compared to $41.8 million for Q2 2015. Federated reported YTD 2016 EPS of $0.94, compared to $0.74 for the same period in 2015 on YTD 2016 net income of $98.2 million compared to $78.1 million for the same period last..."/>
Federated Investors, Inc. Reports Second Quarter 2016 Earnings
Enova International, a leading financial technology company offering consumer and small business loans and financing, today announced financial results for the quarter ended June 30, 2016.. "We are pleased to report another solid quarter, driven by continued growth in our core U.S. and U.K. businesses and the success of our new initiatives," said Enova's CEO David Fisher. "We saw the strong customer demand from Q1 carry over into Q2, and the quality of..."/>
Enova Announces Second Quarter 2016 Results
EHealth, Inc. Announces Second Quarter 2016 Results
Taubman Centers, Inc. Issues Second Quarter Results
Reinsurance Group of America, Incorporated, a leading global provider of life reinsurance, reported net income of $236.1 million, or $3.64 per diluted share, compared with $130.4 million, or $1.94 per diluted share, in the..."/>
Reinsurance Group of America Reports Second-Quarter Results
Camden Property Trust today announced operating results for the three and six months ended June 30, 2016. Funds from Operations, Adjusted Funds from Operations, and Net Income Attributable to Common Shareholders for the three and six months ended June 30, 2016 are detailed below. A reconciliation of EPS to FFO is included in the financial tables accompanying this press release."/>
Camden Property Trust Announces Second Quarter 2016 Operating Results
HCP Declares Quarterly Cash Dividend on Common Stock
Universal Insurance Holdings, Inc. today reported record quarterly net income of $33.6 million, an increase of 36.2%, or $8.9 million, over the same quarter in 2015. Diluted earnings per share were $0.94 for the second quarter of 2016, an increase of 36.2%, or $0.25 per share, over the same quarter in 2015.. "Our record second quarter results reflect the strength of our integrated business model and consistent operational execution..."/>
Universal Insurance Holdings, Inc. Reports Record Financial Results for the Second Quarter of 2016
Valero Energy Corporation announced today that H. Paulett Eberhart and Kimberly S. Greene have been elected to the company’ s board of directors.. Eberhart is Chair and CEO of HMS Ventures, a privately held business involved with technology services and the acquisition and management of real estate. Greene is Executive Vice President and Chief Operating Officer of Southern Company, a leading U.S energy company, serving 9 million electric and gas utility..."/>
Valero Energy Board of Directors Elects New Members
Macatawa Bank Corporation today announced its results for the second quarter of 2016, reflecting continued improvement in financial performance. Net income of $3.7 million in second quarter 2016, up 16% from $3.2 million in second quarter 2015 Total loans up $81.8 million, or 7%, since second quarter 2015 Net interest income increase of $763,000 aided by growth in loans Past due loans remained at very low levels- only 0.08% of total loans at end of..."/>
Macatawa Bank Corporation Reports Second Quarter 2016 Results
Midland States Bancorp, Inc. today reported net income of $6.8 million, or $0.50 diluted earnings per share, for the..."/>
Midland States Bancorp, Inc. Announces 2016 Second Quarter Results
VORNADO REALTY TRUST announced today that its Board of Trustees has declared the following quarterly preferred dividends:. Series A Convertible$. 8125000 per share Series G and I Cumulative Redeemable$. 4140625 per share Series J Cumulative Redeemable$. 4296875 per share Series K Cumulative Redeemable$. 3562500 per share Series L Cumulative Redeemable$. 3375000 per share. In each case, dividends are payable on October 3, 2016 to shareholders of record on..."/>
Vornado Declares Quarterly Dividends on Preferred Shares
Standard Financial Corp.-, the holding company for Standard Bank PaSB, today announced earnings for the quarter ended June 30, 2016 of $866,000 or $0.37 per share compared to $862,000 or $0.34 per share for the quarter ended June 30, 2015. The Company's annualized return on average assets and average equity were 0.71% and 4.77%, respectively, for the quarter ended June 30, 2016 compared to 0.75% and 4.57%, respectively, for the quarter ended..."/>
Standard Financial Corp. Announces A Quarterly Dividend Payment And Third Quarter Earnings
AV Homes Reports Results for Second Quarter 2016

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