Industry News

Southside Bancshares, Inc.,, parent company of Southside Bank declared a regular quarterly cash dividend of $0.24 per common share. The cash dividend is payable to common stock shareholders of record August 18, 2016. The cash dividend is scheduled for payment on September 1, 2016.."/>
Southside Bancshares, Inc. Declares Cash Dividend
Nelnet today reported GAAP net income of $26.2 million, or $0.61 per share, for the second quarter of 2016, compared with GAAP net income of $70.9 million, or $1.54 per share, for the same period a year ago. Excluding derivative market value and foreign currency adjustments, net income was $48.0 million, or $1.13 per share, for the second quarter of 2016, compared with $63.5 million, or $1.38 per share, for the same period in 2015. The company reported an..."/>
Nelnet Reports Second Quarter 2016 Results
WPT Industrial Real Estate Investment Trust announced today its results for the three and six months ended June 30, 2016. All dollar amounts are stated in US funds. Occupancy remains strong at 98.7% as at June 30, 2016 AFFO for the three months ended June 30, 2016 was up 5.8% to $7.6 million and AFFO per Unit was up 5.7% over the prior year period, driven by portfolio growth and strong operating performance AFFO payout ratio at 84.7% and 86.9% for the three and six..."/>
WPT Industrial REIT Announces Second Quarter 2016 Results
Getty Realty Corp. announced its financial results for the quarter ended June 30, 2016.. Highlights For The Second Quarter."/>
Getty Realty Corp. Announces Second Quarter 2016 Results
MetLife Inc. announced Thursday it will cut jobs following bleak second-quarter financial results, including a 94 percent drop in profit partly the result of low interest rates. Steve Kandarian, chief executive officer, told investor analysts on a conference call Thursday that the largest U.S. life insurer intends to reduce expenses by $1 billion, including job cuts, by the end of 2019. He did not provide details."/>
MetLife Scaling Back, Cutting Jobs After Profit Loss [The Hartford Courant]
Echelon Financial Holdings Inc., which operates in the property and casualty insurance industry in Canada and Europe, today reported net income attributable to shareholders on continued operations of $1.8 million, or $0.15 per diluted share, for the three months ended June 30, 2016.. The Company also announced today that it has entered into a definitive stock purchase agreement to sell its European insurance operations. All operating results below..."/>
Echelon Insurance Reports Second Quarter 2016 Results
Echelon Financial Holdings Inc., today reported that it has entered into a definitive stock purchase agreement to sell its European insurance subsidiary. The transaction is anticipated to close in the fall 2016, subject to customary closing conditions and regulatory approval. Robert Purves, Board Chair, stated "We are very pleased with the outcome of our process to divest the European operations."/>
Echelon Insurance Announces Agreement to sell its European subsidiary
InnVest Real Estate Investment Trust will release its second quarter results before market opens on Friday, August 12, 2016.. About InnVest REIT InnVest Real Estate Investment Trust is an unincorporated open-ended real estate investment trust which owns a portfolio of 107 hotels across Canada representing approximately 14,000 guest rooms operated under internationally recognized brands. InnVest also holds a 50% interest in Choice Hotels Canada..."/>
InnVest Real Estate Investment Trust Announces Date of Second Quarter Earnings
National Western Life Group, Inc., announced today second quarter 2016 consolidated net earnings of $26.3 million, or $7.43 per diluted Class A common share, compared with consolidated net earnings of $28.9 million, or $8.16 per diluted Class A common share, for the second quarter of 2015. For the six months ended June 30, 2016, the Company reported consolidated net..."/>
National Western Life Group, Inc. Announces 2016 Second Quarter Earnings
American Homes 4 Rent, a leading provider of high quality single-family homes for rent, today announced its financial and operating results for the quarter ended June 30, 2016.. Total revenues increased 43.8% to $221.0 million for the second quarter of 2016 from $153.6 million for the second quarter of 2015. Net loss attributable to common shareholders was $10.4 million, or $0.04 per basic and diluted share, for the second quarter of..."/>
American Homes 4 Rent Reports Second Quarter 2016 Financial and Operating Results
Bancroft Fund Ltd. is pleased to announce the pricing of an offering of 1.2 million 5.375% Series A Cumulative Preferred Shares with an aggregate liquidation value of $30 million. The offering is expected to close on Tuesday, August 9, 2016, subject to customary closing conditions. The Fund expects to use the proceeds from the offering for investment purposes consistent with the Fund’ s investment objective."/>
Bancroft Fund Ltd. Announces the Offering of $30 Million of 5.375% Series A Cumulative Preferred Shares
First Capital Realty Inc., one of Canada's largest owners, developers and managers of grocery anchored, retail-focused urban properties, announced today that it has entered into an agreement to sell 6,640,000 common shares on a bought deal basis at a price of $22.60 per Share to a syndicate of underwriters co-led by TD Securities Inc. and RBC Capital Markets for gross proceeds of approximately $150..."/>
First Capital Realty Announces Toronto Investments and $150 Million Equity Offering
BancorpSouth, Inc. announces the Company's banking subsidiary, BancorpSouth Bank, has received the America Saves Designation of Savings Excellence for Banks, a designation from America Saves which recognizes banks that go above and beyond to encourage people to save money during America Saves Week. BancorpSouth, along with 14 other bank recipients of the Designation, was recognized at the America Saves National Savings Forum and received..."/>
BancorpSouth Receives America Saves Designation of Savings Excellence for Banks
Nasdaq today reported monthly volumes for July 2016, on its investor relations website.. A data sheet showing the monthly volumes and quarterly capture rates can be found at: http://ir.nasdaq.com/monthly-reporting/. About Nasdaq Nasdaq is a leading provider of trading, clearing, exchange technology, listing, information and public company services across six continents."/>
Nasdaq July 2016 Volumes
TIER REIT, Inc., a Dallas-based real estate investment trust, announced today that its board of directors has declared a cash distribution of $0.18 per share of common stock for the third quarter of 2016. The distribution will be paid on October 7, 2016 to stockholders of record on September 30, 2016.. TIER REIT, Inc. is a self-managed, Dallas-based real estate investment trust focused on delivering outsized stockholder return through stock price appreciation and..."/>
TIER REIT Declares Third Quarter 2016 Distribution
Maiden common shareholders of $30.9 million, or $0.39 per diluted common share compared with net income attributable to Maiden common shareholders of $20.5 million, or $0.27 per diluted common share in the second quarter of 2015; Annualized return on common equity of 12.3% compared to 8.8% in the second quarter of 2015; Net operating earnings of $28.4 million, or $0.37 per diluted common share compared..."/>
Maiden Holdings, Ltd. Announces Second Quarter 2016 Net Income Attributable to Common Shareholders of $30.9 Million or $0.39 Per Diluted Common Share and Operating Earnings(1) of $28.4 Million or $0.37 Per Diluted Common Share
Third Point Reinsurance Ltd. today announced results for its second quarter ended June 30, 2016.. Third Point Re reported net income of $53.4 million, or $0.51 per diluted common share, for the second quarter of 2016, compared to net income of $15.7 million, or $0.15 per diluted common share, for the second quarter of 2015. For the six months ended June 30, 2016, Third Point Re reported net income of $2.2 million, or $0.02 per diluted common..."/>
Third Point Re Reports Second Quarter 2016 Earnings Results
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading provider of debt and equity financing to the energy efficiency and renewable energy markets, today announced that management will be presenting at the upcoming conferences:. Oppenheimer Technology, Internet& Communications Conference Date: Wednesday, August 10, 2016 Four Seasons Hotel– Boston, MA Fireside Chat with management at 1:45pm ET. Goldman Sachs Power, Utilities,..."/>
Hannon Armstrong Management to Present at Oppenheimer Technology, Internet & Communications Conference and Goldman Sachs Power, Utilities, MLP and Pipeline Conference
Global Indemnity plc today reported net income for the six months ended June 30, 2016 of $2.0 million or $0.11 per share and operating income of $9.1 million or $0.52 per share. As of June 30 th, book value per share was $43.91, an increase of 2.2% compared to book value per share of $42.98 at December 31, 2015.. Selected Operating and Balance Sheet Data."/>
Global Indemnity plc Reports Second Quarter 2016 Financial Results
Getty Realty Corp. announced today that its Board of Directors declared a cash dividend of $0.25 per common share payable on October 6, 2016 to holders of record on September 22, 2016.. Getty Realty Corp. is the leading publicly-traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gas station properties. As of March 31, 2016, the Company owned and leased 842 properties..."/>
Getty Realty Corp. Announces Regular Quarterly Cash Dividend

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