Industry News

TheStreet, today released a digital handbook titled, "Corporate Governance In the Era of Activism," which defines a first-ever code of conduct for institutions and their boards on how to expand shareholder value before, during and after approaches by disgruntled activist shareholders. According to FactSet, in the first five months of 2016 alone, activist investors launched 72 full-blown proxy contests to elect..."/>
First Code of Conduct for Boards Dealing with Activist Shareholders Released by Jim Cramer as a Living E-book
KeyCorp prepares to wrap up its deal for First Niagara Financial Group, community groups are eager to get to work with Key on a $16.5 billion lending and investing plan the bank agreed to. Back in March, the Cleveland-based bank and community advocacy groups signed a National Community Benefits Plan. The five-year program will touch all markets where Key will operate."/>
Community groups ready to work with KeyCorp on pledges [The Buffalo News, N.Y.]
Trinity Place office on Edwards Mill Road is communications and marketing firm Capstrat, followed by IT staffing firm TEKSystems, which plans to move out by mid-2017. Origin said in its release that Trinity Place tenants are..."/>
Chicago firm buys Raleigh office building, plans to hike tenants' rent [The News & Observer (Raleigh, N.C.)]
Pure Industrial Real Estate Trust today announced that its Board of Trustees has approved a cash distribution of $0.026 per trust unit for the month of July 2016. This distribution will be paid on August 15, 2016 to unitholders of record at the close of business on July 29, 2016.. The policy of the Trust is to pay cash distributions on or about the 15th day of each month to the unitholders of record on the last business day of the preceding month."/>
Pure Industrial Real Estate Trust Announces Cash Distribution for July 2016 and Timing of Release of Q2-2016 Financial Results and Conference Call
Provident Financial Holdings, Inc., the holding company for Provident Savings Bank, F.S.B., today announced that it will distribute a news release announcing earnings for the fourth quarter of fiscal 2016 prior to the market open on Tuesday, July 26, 2016. Additionally, the Company will host a conference call for institutional investors and bank analysts on Wednesday, July 27, 2016 at 9:00 a.m. to discuss financial results. The conference call can be..."/>
Provident Financial Holdings To Host Earnings Release Conference Call
Progressive Corp. to raise car insurance premiums for seniors in Maine based solely on their age. "Auto insurance companies should not be able to penalize seniors simply because they are getting older," Rep. Henry Beck, D-Waterville, said in a statement."/>
Lawmaker aims to block attempt to raise car insurance rates for older drivers in Maine [Portland Press Herald, Maine]
iStar announced today that it will release its financial results for the second quarter 2016 on Thursday, August 4, 2016, prior to the opening of the market. The Company will host an earnings conference call reviewing these results and its operations beginning at 10:00 a.m. ET. This conference call will be broadcast live over the internet and can be accessed by all interested parties through iStar's website, www.istar.com, in the "Investors"..."/>
IStar Sets Second Quarter 2016 Earnings Release Date and Webcast
Duke Energy's acquisition of Piedmont Natural Gas will create a company that's more diverse in its operations and more regulated than the current Duke, increasing stable cash flows, company executives said Tuesday. The executives testified before the N.C. Utilities Commission on the second day of a hearing on their $4.9 billion merger."/>
Duke Energy-Piedmont Natural Gas merger offers stability, diversity, execs say [The Charlotte Observer]
First Midwest Bancorp, Inc., the holding company of First Midwest Bank, today reported results of operations and financial condition for the second quarter of 2016. Net income for the second quarter of 2016 was $25.3 million, or $0.31 per share. This compares to $18.0 million, or $0.23 per share, for the first quarter of 2016, and $22.6 million, or $0.29 per share, for the second quarter of 2015. Performance for the second and first quarters of 2016 were impacted by..."/>
First Midwest Bancorp, Inc. Announces 2016 Second Quarter Results
Four Corners Property Trust, a real estate investment trust engaged in the long-term net leasing of high-quality restaurant properties, announced today that it acquired six Pizza Hut restaurants in the Chicago-Naperville-Elgin MSA in Illinois and Indiana for $5.7 million via a sale and leaseback transaction. FCPT funded the acquisition with cash on hand. The restaurants are 100% occupied under triple-net leases with terms of 20.0 years and an average..."/>
Four Corners Property Trust Announces Six Restaurant Sale and Leaseback Totaling $5.7 Million
Heartland BancCorp, today reported that second quarter net income increased 10.1% to $2.0 million, or $1.26 per diluted share, compared to $1.8 million, or $1.15 per diluted share, in the second quarter of 2015. In the first six months of 2016, Heartland’ s net income increased 12.2% to $3.8 million, or $2.37 per diluted share, compared to $3.4 million, or $2.13 per diluted share, in the first six months of 2015.. The company also announced its board of directors..."/>
Heartland BancCorp Earnings Grow 10.1% to $2.0 Million in 2Q16 from 2Q15; Declares Quarterly Cash Dividend of $0.3910 per Share
Pinnacle Financial Partners, Inc. reported net income per diluted common share of $0.73 for the quarter ended June 30, 2016, compared to net income per diluted common share of $0.64 for the quarter ended June 30, 2015, an increase of 14.1 percent. Net income per diluted common share was $1.42 for the six months ended June 30, 2016, compared to net income per diluted common share of $1.25 for the..."/>
PNFP Reports Diluted Earnings Per Share of $0.73 for 2Q 2016
PRO Real Estate Investment Trust announced today that a cash distribution of $0.0175 per trust unit of the REIT for the month of July, 2016 will be payable on August 15, 2016 to unitholders of record as at July 29, 2016.. Most unitholders can participate in PROREIT's distribution reinvestment plan."/>
PROREIT announces July 2016 distribution
RE/MAX will hold its second annual Asia-Pacific Convention at The Grand Fourwings Convention Hotel in Bangkok, Thailand. The event is being hosted by the RE/MAX Thailand region for RE/MAX Affiliates in 15 Asia-Pacific countries. Organizers are expecting about 300 attendees from a total of 30 countries."/>
Real Estate Agents Attend Convention in Bangkok
Southwest Bancorp, Inc.,, today reported net income for the second quarter of 2016 of $5.4 million, or $0.28 per diluted share, compared to $4.2 million, or $0.22 per diluted share, for the second quarter of 2015. Net income for the six months ended June 30, 2016 totaled $7.3 million, or $0.38 per diluted share, compared to $8.7 million, or $0.46 per diluted share, for the six months ended June 30, 2015. Included in the first six months of 2016 results is a first..."/>
Southwest Bancorp, Inc. Reports Results for Second Quarter 2016 and Announces Quarterly Dividend
Renasant Corporation today announced record financial results for the second quarter of 2016. Net income for the second quarter of 2016 was $22.9 million, or diluted earnings per share of $0.54, an increase of 48.75% from $15.4 million, or diluted EPS of $0.48, for the second quarter of 2015. The Company incurred pre-tax merger and conversion expenses of $2.8 million, or $1.9 million on an after-tax basis, for the second quarter of 2016 which..."/>
Renasant Corporation Announces Record $22.9 Million In 2016 Second Quarter Earnings
Community Healthcare Trust Incorporated today announced that on Thursday evening, August 11, 2016, after the market closes, it will report results for the second quarter of 2016.. On August 12, 2016, at 9:00 a.m. Central Time, Community Healthcare Trust will hold a conference call to discuss earnings results, quarterly activities, general operations of the Company and industry trends. Simultaneously, a webcast of the conference call..."/>
Community Healthcare Trust Announces Second Quarter Earnings Release Date And Conference Call
United Financial Bancorp, Inc., the holding company for United Bank, announced results for the quarter ended June 30, 2016.. The Company had net income of $9.1 million, or $0.18 per diluted share, for the quarter ended June 30, 2016, compared to net income for the linked quarter of $11.9 million, or $0.24 per diluted share. Operating net income for the second quarter of 2016 was $10.0 million, or $0.20 per diluted share, compared to $10.9..."/>
United Financial Bancorp, Inc. Announces Second Quarter Earnings And Quarterly Dividend
Southside Bancshares, Inc., the holding company for Southside Bank, announced today it will release its second quarter 2016 financial results before the market opens on Friday, July 29, 2016. Southside will host a conference call to discuss its results on Friday, July 29, 2016 at 9:00 a.m. CDT.. The call will be hosted by Sam Dawson, CEO, Lee R. Gibson, President and Deborah Wilkinson, EVP Investor Relations."/>
Southside Bancshares, Inc. Announces Q2 Earnings Call
Wintrust Financial Corporation announced net income of $50.0 million or $0.90 per diluted common share for the second quarter of 2016 compared to net income of $49.1 million or $0.90 per diluted common share for the first quarter of 2016 and $43.8 million or $0.85 per diluted common share for the second quarter of 2015. The Company recorded net income of $99.2 million or $1.80 per diluted common share for the first six months of 2016 compared to net..."/>
Wintrust Financial Corporation Reports Record Second Quarter 2016 Net Income, an Increase of 14% Over Prior Year, and Year-to-Date 2016 Net Income of $99.2 million, an Increase of 20% Over Prior Year
Navient, the nation’ s leading loan management, servicing and asset recovery company, today has posted its second quarter 2016 financial results. The complete financial results release is available on the company’ s website at navient.com/investors. The results will also be available on the SEC’ s website with the Form 8- K filing of the release at http://www.sec.gov.."/>
Navient posts second quarter 2016 results
M&T Bank Corporation announced that it has declared quarterly cash dividends of $15.9375 per share on each of its Series A and Series C preferred stock. 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 headquartered in Buffalo, New York."/>
M&T Bank Corporation Announces Dividend Declaration on Series A and Series C Preferred Stock
TIER REIT, Inc. announced today that the Company will release its second quarter 2016 financial results on Monday, August 8, 2016, after the close of trading on the New York Stock Exchange. A live audio webcast and conference call will be held on Tuesday, August 9, 2016, at 11:00 a.m. Eastern time/10: 00 a.m. During the conference call, the Company's officers will review 2016 second quarter performance, discuss recent events and conduct a question-and-answer period."/>
TIER REIT Schedules Second Quarter 2016 Earnings Release and Conference Call Dates
Fulton Financial Corporation. Diluted earnings per share for the second quarter of 2016 were 23 cents, a 4.5 percent increase from first quarter of 2016 and a 9.5 percent increase from the second quarter of 2015. Pre-provision net revenue of $53.3 million was 4.9 percent higher than the first quarter of 2016 and 9.7 percent higher than the second quarter of 2015. Net interest income for the second quarter of 2016 was flat compared to the first quarter of..."/>
Fulton Financial Reports Second Quarter Earnings of $40 Million, or $0.23 per Share

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