Industry News

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]
India's 10-year bond yield nears 2009 lows [Mint, New Delhi]
Punjab National Bank turned profitable in the June quarter. Surprisingly, the state-run lender, widely expected to post a loss, clocked a net profit of Rs.306 crore. So, why did PNB shares plunge nearly 3% on Thursday after the announcement of its June quarter earnings?"/>
Punjab National Bank: the devil is in the details [Mint, New Delhi]
Flipkart's godfather in New York [Mint, New Delhi]
RBI levies Rs1 crore penalty on UCO Bank [Mint, New Delhi]
Corporate Office Properties Trust took a hit in the three-month period that ended in June, as it wrote off nearly $70 million related to properties the real estate investment trust has decided to sell or not redevelop. The Columbia-based firm, which develops and owns office buildings with primarily defense-related tenants, said Thursday it lost 54 cents per share in the second quarter, compared to profits of 13 cents per share during the same period last year."/>
COPT reports losses in second quarter [The Baltimore Sun]
Pure Industrial Real Estate Trust today announced that the Trust has successfully closed on a $110 million mortgage financing. The Trust obtained a first mortgage financing of $110,000,000 on the recently constructed state of the art, 422,433 square feet, logistics and distribution facility in Vaughan, Ontario. The mortgage bears interest at a fixed rate of 3.40% per annum over a term of 10 years."/>
Pure Industrial Real Estate Trust Secures Mortgage Financing of $110 Million
Capitol Federal Financial Inc. on Thursday reported a 4.8 percent increase in its earnings during April, May and June compared with a year ago. The parent company of Capitol Federal Savings said it earned $20.6 million, or 15 cents a share, in the three months that make up the third quarter of the company's fiscal year. It earned $19.6 million, or 14 cents a share, in the quarter a year earlier."/>
BRIEF: Capitol Federal earnings climbed in third quarter [The Kansas City Star]
Columbia Banking System on Thursday released its second-quarter results-- with net income of $25.4 million-- and announced that the board of directors has approved increased dividends for shareholders. "The second quarter of the year has traditionally been a strong quarter for us and was again this year," said Columbia President and CEO Melanie Dressel in a release."/>
Dividends increase as second quarter earnings shine at Columbia Bank [The News Tribune (Tacoma, Wash.)]
First Northern Community Bancorp, holding company for First Northern Bank, today announced earnings through the second quarter of 2016."/>
First Northern Community Bancorp Reports Second Quarter 2016 Earnings
1st Colonial Bancorp, Inc., holding company of 1 st Colonial Community Bank, today reported that its net income for the three months ended June 30, 2016 was $910,000, compared to $757,000 for the three months ended June 30, 2015. Net interest income increased $531,000, resulting from continued growth in interest earning assets. Non-interest income also increased by $150,000, primarily attributable to increased fees from the origination and sale of..."/>
1st Colonial Bancorp Reports Second Quarter Net Income Growth and Year to Date Profit of $1,793,000
County Bancorp, Inc., the holding company for Investors Community Bank, a commercial bank headquartered in Manitowoc, Wisconsin, reported net income of $1.9 million, or $0.30 diluted earnings per share, for the second quarter of 2016, compared to net income of $2.2..."/>
County Bancorp, Inc. Announces Strong 2nd Quarter Earnings
Stewart Information Services Corporation today confirmed that Foundation Asset Management, LP filed with the U.S. Securities and Exchange Commission a preliminary solicitation statement seeking to call a Special Meeting of Stewart's shareholders. Stewart shareholders are advised to take no action at this time."/>
Stewart Information Services Corporation To Review Preliminary Shareholder Solicitation Materials In Connection With Demand For Special Meeting
JLL Reports 2015 Sustainability Achievements
M and A Navigator: Deal pipeline –28 July
True North Commercial Real Estate Investment Trust is pleased to announce it has agreed to acquire a 40,000 square foot office property located at 5900 Explorer Drive, Mississauga, Ontario."/>
True North Commercial Real Estate Investment Trust Continues Strategic Growth with Second Acquisition in the Greater Toronto Area
Peapack-Gladstone Financial Corporation recorded record net income of $12.05 million and diluted earnings per share of $0.74 for the six months ended June 30, 2016, compared to $10.25 million and $0.67, respectively, for the same six month period last year, reflecting increases of $1.81 million or 18 percent, and $0.07 per share, or 10 percent, respectively. For the quarter ended June 30, 2016, the Corporation recorded net income of $6.56 million and..."/>
Peapack-Gladstone Financial Corporation Reports a Strong Second Quarter and Declares Its Quarterly Cash Dividend
KCG Holdings, Inc. has agreed to acquire Stockholm, Sweden-based broker Neonet Securities AB from UK-based specialist financial services investor Hay Tor Capital, KAS Bank and Sweden-based holding company Cidron Delfi Intressenter Holding, the company said. Financial terms were not disclosed. The transaction, which is subject to customary regulatory and other approvals, is expected to close later this year."/>
KCG to Acquire Swedish Broker Neonet Securities

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