Industry News

Sterling Bancorp, through its principal subsidiary Sterling National Bank, announced today that it has entered into an agreement to sell its residential mortgage origination operations. The transaction is subject to certain licensing and regulatory approval and other customary closing conditions. "The sale of our mortgage origination operations continues our strategy of focusing on commercial middle market clients by reallocating our capital..."/>
Sterling Enters Agreement to Sell Residential Mortgage Origination Operations
RenaissanceRe Holdings Ltd. today reported net income available to RenaissanceRe common shareholders of $136.3 million, or $3.22 per diluted common share, in the second quarter of 2016, compared to $73.2 million, or $1.59 per diluted common share, respectively, in the second quarter of 2015. Operating income available to RenaissanceRe common shareholders was $66.6 million, or $1.55 per diluted common share, in the second quarter of 2016, compared to $99.9..."/>
RenaissanceRe Reports Net Income of $136.3 Million for the Second Quarter of 2016 or $3.22 Per Diluted Common Share; Quarterly Operating Income of $66.6 Million or $1.55 Per Diluted Common Share
Chimera Investment Corporation announced today that it will release its financial results for the quarter ended June 30, 2016 after the market close on Wednesday, August 3, 2016. The Company will conduct a conference call and audio webcast to discuss the results on Thursday, August 4, 2016 at 10:00 a.m. EDT. If you would like to be added to the e-mail distribution list, please visit www.chimerareit.com, click on Investor Relations, then select Email Alerts and complete..."/>
Chimera Investment Corporation Announces Date of Second Quarter 2016 Financial Results and Conference Call
NorthStar Realty Europe Corp. today announced that it will host a conference call to discuss second quarter 2016 financial results on Friday, August 5, 2016 at 9:00 a.m. Eastern. Hosting the call will be Mahbod Nia, Chief Executive Officer, Scott Berry, Chief Financial Officer and Trevor Ross, General Counsel. A press release with second quarter 2016 financial results is scheduled to be issued before the market open on August 5, 2016.."/>
NorthStar Realty Europe Announces Second Quarter 2016 Earnings Conference Call
Cincinnati Financial Corporation today reported:. Second-quarter 2016 net income of $123 million, or 74 cents per share, compared with $176 million, or $1.06 per share, in the second quarter of 2015. $43 million decrease in operating income* to $95 million, or 57 cents per share, down from $138 million, or 83 cents per share, in the second quarter of last year. $53 million decrease in second-quarter 2016 net income, reflecting the after-tax net effect..."/>
Cincinnati Financial Reports Second-Quarter 2016 Results
Cedar Realty Trust, Inc. announced today the commencement of a public offering of 5.0 million shares of the Company's common stock on a forward basis in connection with the forward sale agreement described below. The Company will also grant the underwriter a 30- day option to purchase up to an additional 750,000 shares of common stock. All of the shares of common stock will be offered under the Company's existing shelf registration..."/>
Cedar Realty Trust, Inc. Announces Offering Of 5.0 Million Shares
NorthStar Asset Management Group Inc. today announced that it will host a conference call to discuss second quarter 2016 financial results on Thursday, August 4, 2016 at 10:00 a.m. Eastern. Hosting the call will be David T. Hamamoto, Executive Chairman; Albert Tylis, Chief Executive Officer; Daniel R. Gilbert, Chief Investment and Operating Officer; and Debra A. Hess, Chief Financial Officer. A press release with second quarter 2016 financial..."/>
NorthStar Asset Management Group Announces Second Quarter 2016 Earnings Conference Call
Financial Institutions, Inc., today reported financial results for the second quarter ended June 30, 2016. Financial Institutions, Inc. is the parent company of Five Star Bank, Scott Danahy Naylon Insurance, LLC and Courier Capital, LLC. The Company’ s financial results since January 5, 2016 include the results of operations of Courier Capital, our wealth management subsidiary whose business we acquired from Courier Capital Corporation on that date.."/>
Financial Institutions, Inc. Announces Second Quarter 2016 Results
Nasdaq Global Market SM securities totaled 7,875,755,447 shares compared with 7,887,260,999 shares in 2,316 Global Market issues reported for the prior settlement date of June 30, 2016. The Mid-July short interest represents 3.89 days average daily Nasdaq Global Market share volume for the reporting period, compared with 4.76 days for the prior reporting period.."/>
Nasdaq Announces Mid-Month Open Short Interest Positions in Nasdaq Stocks as of Settlement Date July 15, 2016
Sterling Bancorp, the parent company of Sterling National Bank, today announced that the Board of Directors has declared a quarterly cash dividend of $0.07 per share. The dividend is payable August 23, 2016 to holders of record as of August 8, 2016.. Sterling Bancorp, with its principal subsidiary Sterling National Bank, specializes in the delivery of service and solutions to business owners, their families and consumers within the communities we serve through teams of..."/>
Sterling Bancorp Declares Quarterly Dividend of $0.07 per Share
First Bancorp, the parent company of First Bank, announced today net income available to common shareholders of $7.6 million, or $0.37 per diluted common share, for the three months ended June 30, 2016, an increase of 25.7% compared to the $6.0 million, or $0.30 per diluted common share, recorded in the second quarter of 2015.. For the six months ended June 30, 2016, the Company recorded net income available to common shareholders of $14.4..."/>
First Bancorp Reports Second Quarter Results
Meridian Bancorp, Inc., the holding company for East Boston Savings Bank announced net income of $5.9 million, or $0.11 per diluted share, for the quarter ended June 30, 2016 compared to $7.5 million, or $0.14 per diluted share, for the quarter ended March 31, 2016 and $5.6 million, or $0.11 per diluted share, for the quarter ended June 30, 2015. For the six months ended June 30, 2016, net income was $13.4 million, or $0.26 per diluted share, up from $12.0 million, or $0.23..."/>
Meridian Bancorp, Inc. Reports Net Income for the Second Quarter And Six Months Ended June 30, 2016
NorthStar Realty Finance Corp. today announced that it will host a conference call to discuss second quarter 2016 financial results on Thursday, August 4, 2016 at 9:00 a.m. Eastern. Hosting the call will be Jonathan A. Langer, Chief Executive Officer and Debra A. Hess, Chief Financial Officer, as well as Executives of NorthStar Asset Management Group, David T. Hamamoto, Executive Chairman, Al Tylis, Chief Executive Officer and Daniel R. Gilbert, Chief..."/>
NorthStar Realty Finance Announces Second Quarter 2016 Earnings Conference Call
Morguard Investments Limited, today announced the appointment of David Wyatt as Vice President, Retail Leasing. "This strategic role has a mandate to develop and implement property specific leasing strategies designed to optimize market position and asset value in the Canadian retail portfolio," said Schott. " The current sector and market cycles have presented remerchandising and..."/>
Morguard Announces Appointment of David Wyatt as Vice President, Retail Leasing
Kimco Realty Corp. today announced that it will redeem $290,915,000 aggregate principal amount of its 5.70% Senior Notes due 2017, representing all outstanding Senior Notes, on August 26, 2016. The Senior Notes were issued pursuant to an Indenture, dated as of September 1, 1993, between Kimco and The Bank of New York Mellon, as trustee, as supplemented and amended by the First Supplemental Indenture, dated as of August 4, 1994, the Second Supplemental Indenture,..."/>
Kimco Realty Announces Redemption of its 5.70% Senior Notes due 2017
Kimco Realty Corp. and its wholly-owned entity, KRCX North Holdings, LLC, announced today that the outstanding aggregate principal amount of CAD $150 million Series 3 5.99% notes, maturing April 13, 2018, and the outstanding aggregate principal amount of CAD $200 million Series 4 3.855% notes, maturing August 4, 2020, of KRCX North Holdings, LLC will be redeemed as of August 26, 2016. The redemption amounts for the two series of notes will consist of CAD $1,000..."/>
Kimco Realty Corp. and KRCX North Holdings, LLC Announce Redemption of Canadian-Denominated Series 3 and Series 4 Notes Totaling $350 Million
Monroe Capital Corporation announced today that it will report its second quarter 2016 financial results on Monday, August 8, 2016, after the close of the financial markets.. The Company will host a webcast and conference call to discuss these operating and financial results on Tuesday, August 9, 2016 at 12:00 pm ET. The webcast will be hosted on a webcast link located in the Investor Relations section of our website at http://ir.monroebdc.com/events. cfm."/>
Monroe Capital Corporation Schedules Second Quarter 2016 Earnings Release and Conference Call
Cortland Bancorp, the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared a quarterly cash dividend of $0.07 per share. The dividend will be payable on September 1, 2016, to shareholders of record as of the close of business on August 10, 2016.. “We are pleased that our strong financial results have again allowed us to pay our quarterly cash dividend,” said James Gasior, President and Chief..."/>
Cortland Bancorp Declares Quarterly Cash Dividend of $0.07 Per Share
Chemical Financial Corporation today announced 2016 second quarter net income of $25.7 million, or $0.67 per diluted share, compared to 2016 first quarter net income of $23.3 million, or $0.60 per diluted share and 2015 second quarter net income of $19.0 million, or $0.54 per diluted share. Net income was $49.0 million, or $1.27 per diluted share, for the six months ended June 30, 2016, compared to $36.9 million, or $1.08 per diluted share, for the six months..."/>
Chemical Financial Corporation Reports 2016 Second Quarter Operating Results
RMR Group Inc. today announced that it will issue a press release containing its third quarter 2016 financial results before the Nasdaq opens on Tuesday, August 9, 2016. At 1:00 p.m. Eastern Time that afternoon, President and Chief Executive Officer Adam Portnoy and Chief Financial Officer Matt Jordan will host a conference call to discuss these results. The conference call telephone number is 329-4297. Participants calling from outside the United..."/>
The RMR Group Inc. Third Quarter 2016 Conference Call Scheduled for Tuesday, August 9th
CSB Bancorp, Inc.:. CSB Bancorp, Inc. today announced second quarter 2016 net income of $1,611,000 or$. 59 per basic and diluted share, as compared to $1,517,000 or$. 55 per basic and diluted share for the same period in 2015. For the six month period ended June 30, 2016 net income totaled $3,091,000, compared to $2,859,000 for the same period last year an increase of 8%."/>
CSB Bancorp, Inc. Reports Second Quarter Earnings
Riverview Bancorp, Inc. today reported net income of $1.7 million, or $0.08 per diluted share, in the first fiscal quarter ended June 30, 2016. This compares to $1.4 million, or $0.06 per diluted share, in the preceding quarter and $1.6 million, or $0.07 per diluted share, in the first fiscal quarter a year ago.. “We started our fiscal 2017 year with another quarter of consistent profitability, supported by the expansion of our net interest margin, strong loan..."/>
Riverview Bancorp Earnings Increase to $1.7 Million in First Quarter; Results Highlighted by Solid Loan Growth and an Expanding Net Interest Margin
First Community Bancshares, Inc. today reported its unaudited results of operations and other financial information for the quarter and six months ended June 30, 2016. The Company reported net income available to common shareholders of $6.26 million, or $0.36 per diluted common share for the quarter ended June 30, 2016, which represents a 9.09% increase in per share earnings compared to the same quarter of 2015. Net income available to common..."/>
First Community Bancshares, Inc. Announces Second Quarter 2016 Results and Increased Quarterly Dividend

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