Industry News

Yadkin Financial Corp. in connection with the proposed acquisition of the Company by F. N. B. Corporation. On July 21, 2016, the Company announced that it had reached a definitive agreement for FNB to acquire all outstanding shares of YDKN in a transaction valued at $1.4 billion. Under the terms of the agreement, YDKN..."/>
Yadkin Financial Corp. Acquisition May Not Be in the Best Interests of YDKN Shareholders
Milestone Apartments Real Estate Investment Trust today announced that it has entered into an agreement to internalize the REIT's asset management function. Closing of the Transaction is expected to occur on September 30, 2016, subject to unitholder approval and other customary conditions."/>
Milestone Apartments REIT Announces Internalization of Asset Management
QNB Corp., the parent company of QNB Bank, reported net income for the second quarter of 2016 of $2,098,000, or $0.62 per share on a diluted basis. This compares to net income of $1,934,000, or $0.58 per share on a diluted basis, for the same period in 2015. For the six months ended June 30, 2016, QNB reported net income of $4,363,000, or $1.29 per share on a diluted basis."/>
QNB Corp. Reports Increased Earnings For Second Quarter 2016
Arlington Asset Investment Corp. today reported net income of $12.9 million, or $0.56 per diluted share, and non-GAAP core operating income of $15.5 million, or $0.67 per diluted share, for the quarter ended June 30, 2016. A reconciliation of non-GAAP core operating income to GAAP income before income taxes appears at the end of this press release. Second Quarter 2016 Financial Highlights."/>
Arlington Asset Investment Corp. Reports Second Quarter 2016 Financial Results
Boston Properties, Inc., a real estate investment trust, reported results today for the second quarter ended June 30, 2016.. Net income available to common shareholders was $96.6 million for the quarter ended June 30, 2016, compared to $79.5 million for the quarter ended June 30, 2015. Net income available to common shareholders per share for the quarter ended June 30, 2016 was $0.63 basic and $0.63 on a diluted basis."/>
Boston Properties Announces Second Quarter 2016 Results
E-Trade Financial Corp. has entered into a definitive agreement to acquire OptionsHouse parent company Aperture New Holdings, Inc. for USD 725 m in cash, the company said. OptionsHouse is an online broker that offers full-suite of investment products including equities and futures, and first class customer service to all online traders. Additionally, OptionsHouse offers a mobile app available on all major mobile platforms and devices."/>
Online Broker E-Trade to Buy Derivatives Specialist OptionsHouse for USD 725m
Strategic Internet Investments, Inc. has closed its acquisition of the Ankara-based AkCenter Shopping Center as it continues to expand its real estate portfolio in Europe and the Middle East, the company said. The company finalised the acquisition of the AkCenter in exchange for USD 66 m in debentures. Strategic Internet Investments said that the purchase is the first step in a series of acquisitions in the coming weeks as it..."/>
Strategic Internet Investments Buys Ankara Outlet Shopping Center in USD 66m Deal
Bank of the Ozarks, Inc. has closed its acquisition of C1 Financial, Inc. in an all-stock transaction valued at approximately USD 402.5 m, the company said. The deal, which was announced last November, is worth around USD 25.00 per C1 share. Closing of the transaction is expected to be immediately accretive to OZRK's book value per common share and its tangible book value per common share."/>
Bank of the Ozarks Closes 402.5m Acquisition of C1 Financial
EverBank Financial Corp. officials Tuesday confirmed the company is up for sale. A statement on the company's website posted Tuesday left no doubt that the company is seeking a buyout deal worth $2.5 billion. "As the result of an ongoing review of its strategic alternatives it is in advanced negotiations with a well respected financial services company regarding a transaction in which EverBank Financial Corp. would be acquired and EverBank..."/>
Jacksonville's EverBank Financial Corp. officially up for sale for $2.5 billion [The Florida Times-Union, Jacksonville]
Ocean Shore Holding Co. today announced net income of $1,776,000, or $0.28 per diluted share, for the quarter ended June 30, 2016, as compared to $1,739,000, or $0.29 per diluted share, for the second quarter of 2015. Net income for the six months ended June 30, 2016 was $3,532,000, or $0.57 per diluted share, as compared to $3,452,000, or $0.57 per diluted share, for the same period in 2015.. Ocean Shore Holding Co. is the holding company for..."/>
Ocean Shore Holding Co. Reports 2nd Quarter Earnings
PS Business Parks, Inc. reported operating results for the quarter ended June 30, 2016.. Net income allocable to common shareholders increased $4.6 million, or 41.4%, from $11.1 million, or $0.41 per share, for the three months ended June 30, 2015 to $15.7 million, or $0.58 per share, for the three months ended June 30, 2016. The quarterly change was primarily the result of an increase in total net operating income of $4.0 million."/>
PS Business Parks, Inc. Reports Results for the Quarter Ended June 30, 2016
Stein Mart building on the Southbank for almost $24 million. Stein Mart's headquarters occupy about half the 10- story, 197,000- square-foot building, which has a total of 20 tenants and is 93- percent occupied. Lingerfelt CommonWealth Partners paid $23,625,000 for the property, which includes a six-story parking garage, according to the deed filed Tuesday with the Duval County Clerk of Courts."/>
BRIEF: Stein Mart building sells for $23.6 million [The Florida Times-Union, Jacksonville]
UMB Financial Corporation is pleased to announce the appointment of Tim Murphy to the UMB Financial Corporation Board of Directors.. Murphy has more than 27 years of experience in the trucking industry. He is currently CEO of Murphy-Hoffman Company, the largest privately owned heavy and medium-duty truck dealer in North America."/>
UMB Financial Corporation Appoints Tim Murphy to Board of Directors
Stonegate Bank reported net income of $6.7 million for the second quarter of 2016 or $0.51 per diluted common share, as compared to net income of $6.7 million for the first quarter of 2016 or $0.51 per diluted common share. Net operating income is a non-GAAP financial measurement used by management to evaluate and monitor financial results of operations excluding certain items determined by management to be unrelated to Stonegate's normal business..."/>
Stonegate Bank Announces Second Quarter 2016 Operating Results
Och-Ziff Capital Management Group LLC will announce its 2016 second quarter results prior to the opening of the New York Stock Exchange on Tuesday, August 2, 2016. Dan Och, Chairman and Chief Executive Officer, and Joel Frank, Chief Financial Officer, will host a conference call the same day at 8:30 a.m. Eastern Time to review these results. To access the call, please dial +1-888-679-8035 or +1-617-213-4848, and use passcode 30502473. A simultaneous webcast..."/>
Och-Ziff to Announce 2016 Second Quarter Results and Host Investor Conference Call on August 2, 2016
UMB Financial Corporation announces it has named Ram Shankar as chief financial officer. Shankar will have responsibility for the overall financial management of the company, including financial planning and analysis, accounting, balance sheet management, investor relations, corporate investments, tax, and board reporting. Shankar brings nearly 20 years of industry experience with specific expertise in financial planning, balance sheet strategy,..."/>
UMB Financial Corporation Names Ram Shankar as Chief Financial Officer
Citizens Holding Company Reports Earnings
DDR Corp. today announced operating results for the second quarter ended June 30, 2016.. Second quarter net income attributable to common shareholders was $35.5 million, or $0.10 per diluted share, compared to net income of $13.0 million, or $0.03 per diluted share, for the prior-year comparable period. Second quarter operating funds from operations attributable to common shareholders increased $11.0 million to $122.4 million, or..."/>
DDR Reports Second Quarter 2016 Operating Results
Stifel Financial Corp. will release its second quarter 2016 financial results after the market close on Tuesday, August 2, 2016. The company will host a conference call to review the results at 5:00 p.m. Eastern Time that same day. The conference call may include forward-looking statements.."/>
Stifel Financial Schedules Second Quarter 2016 Financial Results Conference Call
Triumph Bancorp, Inc. today announced earnings and operating results for the second quarter of 2016.. As part of how we measure our results, we use certain non-GAAP financial measures to ascertain performance. These non-GAAP financial measures are reconciled in the section labeled“ Metrics and Non-GAAP Financial Reconciliation” at the end of this document."/>
Triumph Bancorp Reports Second Quarter Net Income to Common Stockholders of $4.4 Million
Bank of Montreal on June 27, 2016, the Bank today announced the applicable dividend rates for its Non-Cumulative 5- Year Rate Reset Class B Preferred Shares, Series 25 and Non-Cumulative Floating Rate Class B Preferred Shares, Series 26. With respect to any Preferred Shares Series 25 that remain outstanding after August 25, 2016, commencing as of such date, holders thereof will be entitled to receive fixed rate..."/>
Bank of Montreal Announces Dividend Rates on Non-Cumulative 5-Year Rate Reset Class B Preferred Shares, Series 25 and Non-Cumulative Floating Rate Class B Preferred Shares, Series 26
UMB Financial Corporation, a diversified financial holding company, announced earnings for the second quarter 2016 of $37.3 million or $0.76 per diluted share, compared to $36.2 million or $0.74 per diluted share in the first quarter 2016 and $30.2 million or $0.65 per diluted share during the second quarter 2015. Year-to-date earnings as of June 30, 2016, were $73.5 million or $1.50 per diluted share, compared to $64.0 million or $1.39 per diluted share for..."/>
UMB Financial Corporation Reports Second Quarter 2016 Earnings of $37.3 Million, or $0.76 Per Diluted Share

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