Industry News

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]
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
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
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
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
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
Citizens Holding Company Reports Earnings
Broadridge Financial Solutions, Inc. has signed an agreement with SEI that will provide SEI private banking clients access to Broadridge's global securities class action services. Through the new strategic partnership, SEI private banking clients can elect to utilize Broadridge's services, which will monitor securities class action lawsuit settlements worldwide to spot opportunities to help recover funds for SEI clients and..."/>
SEI Clients Gain Access to Broadridge Global Securities Class Actions Services via New Strategic Partnership
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
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
Select Bancorp, Inc., the holding company for Select Bank& Trust, reported net income for the quarter ended June 30, 2016 of $1.9 million compared to $1.8 million for the same period in 2015. Basic and diluted earnings per share for the second quarter were $0.16, compared to basic and diluted earnings per share of $0.16 for the second quarter of 2015.. For the six-month period ended June 30, 2016, net income for the Company was $3.4 million compared to $3.5 million..."/>
Select Bancorp Reports Second Quarter 2016 Earnings
QTS Realty Trust, Inc. today announced operating results for the second quarter ended June 30, 2016.. Reported net income of $5.8 million in the second quarter of 2016, an increase of 5.2% compared to the second quarter of 2015. Net income was $0.11 and $0.10 per basic and diluted share, respectively, for the second quarter of 2016, compared to net income per basic and diluted share of $0.13 and $0.12, respectively, for the second quarter of..."/>
QTS Reports Second Quarter 2016 Operating Results
Slate Retail REIT, an owner and operator of U.S. grocery-anchored real estate, announced today that it has entered into a binding agreement to acquire Taylorsville Town Center, a 97% occupied Fresh Market-anchored centre, in the Salt Lake City, Utah Metropolitan Statistical Area. The property will be acquired for U.S. $14.45 million, using tax deferred proceeds generated from recently announced property dispositions. Closing is expected to be completed in..."/>
Slate Retail REIT Announces the Purchase of Taylorsville Town Center in Utah
GENTERA Reports 2Q16 Results
Commerce Union Bancshares, Inc., parent of Reliant Bank, today reported record net income and loans for its second quarter ended June 30, 2016. Second quarter net income attributable to common shareholders rose 47.3% to $2.4 million, or $0.31 per fully diluted share, from $1.6 million, or $0.22 per fully diluted share for the second quarter 2015."/>
Commerce Union Bancshares, Inc. Reports Record Second Quarter
National Capital Bank of Washington reported net income of $1,310,000, or $4.55 per common share, for the three months ended June 30, 2016, compared to $782,000, or $2.72 per common share, for the three months ended June 30, 2015. For the six months ended June 30, 2016, net income was $3,128,000, or $10.87 per common share, compared to $1,148,000, or $3.99 per common share, for the six months ended June 30, 2015. The Bank continues to benefit..."/>
The National Capital Bank of Washington Reports Second Quarter Earnings
First Potomac Realty Trust, a leading owner and operator of office and business park properties in the greater Washington D.C. region, today announced that it sold Storey Park, a development site located in the NoMa submarket of Washington, D.C., to 1005 First, LLC, a partnership between Perseus Realty, LLC and W-G Capital, LLC, an affiliate of Four Points, LLC and Greencourt Capital, for gross proceeds of $54.5 million, which generated net proceeds of..."/>
First Potomac Realty Trust Sells Storey Park For $54.5 Million
HomeStreet Bank has hired Edward C. Schultz as its president for the state of California and executive vice president in Commercial Banking. Schultz will be based in the San Francisco office where he will oversee all Commercial Banking strategy and activities for the state. This Smart News Release features multimedia."/>
HomeStreet Bank Hires Edward C. Schultz as California State President for Commercial Banking
Bay Banks of Virginia, Inc., holding company for Bank of Lancaster and Bay Trust Company, reported earnings of $586,000 for the quarter ended June 30, 2016 compared to earnings of $294,000 for the same quarter in 2015. Earnings for the six months ended June 30, 2016 were $1.1 million compared to $675,000 for the same period in 2015. "Earnings are the #1 priority for 2016 and they are growing."/>
Bay Banks Of Virginia, Inc., Reports Second Quarter Earnings
Urstadt Biddle Properties Inc., a self-administered equity real estate investment trust, today announced the closing of its previously announced underwritten public offering of 2,750,000 shares of its Class A common stock, resulting in approximately $64.0 million of proceeds to the Company before offering expenses. Deutsche Bank Securities Inc. acted as sole book-running manager for the public offering. The Company intends to use the net proceeds to..."/>
Urstadt Biddle Properties Inc. Announces Closing of Class A Common Stock Offering

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