Industry News

Northeast Bancorp, a Maine-based full-service financial services company and parent of Northeast Bank, today reported net income of $2.2 million, or $0.24 per diluted common share, for the quarter ended June 30, 2016, compared to net income of $2.2 million, or $0.22 per diluted common share, for the quarter ended June 30, 2015. Net income for the year ended June 30, 2016 was $7.6 million, or $0.80 per diluted common share, compared to $7.1 million, or $0.72..."/>
Northeast Bancorp Reports Fourth Quarter Results, Declares Dividend
OM Asset Management plc announced underwritten public offerings of $400 million aggregate principal amount of senior notes, consisting of $275 million of senior notes due 2026, and $125 million of senior notes due 2031. OMAM intends to use the net proceeds from the offerings to finance the previously disclosed acquisition of a majority interest in Landmark Partners, as well as other general corporate purposes. The Institutional Notes will bear interest at a fixed rate..."/>
OMAM Raises $400 Million in Note Offerings
OUTFRONT Media Inc. announced today that its board of directors has approved a quarterly cash dividend on the Company's stock of $0.34 per share payable on September 30, 2016 to shareholders of record at the close of business on September 9, 2016.. About OUTFRONT Media Inc. OUTFRONT Media is one of the largest out-of-home media companies in North America with a leading presence in top markets throughout the United States and Canada."/>
OUTFRONT Media Announces Quarterly Dividend
Unum Group boosted its second quarter net income by 10 percent from a year ago to $236.8 million, or $1 per share. Despite a decline in its United Kingdom business and the continued challenge to investment income in the current low-interest rate environment, the Chattanooga-based insurer said its after-tax operating income, which excludes after-tax realized investment gains and losses on the company's investment portfolio and pension plan costs, was $235.7 million,..."/>
Unum profits rise 10 percent in quarter [Chattanooga Times Free Press, Tenn.]
Seacoast Banking Corporation of Florida today reported results for the second quarter of 2016.. Seacoast reported net income of $5.3 million during the second quarter of 2016, compared to $4.0 million in the first quarter of 2016 and $5.8 million in the second quarter last year. Quarter over quarter, return on average assets increased 7 basis points to 0.51% and return on tangible common equity increased 150 basis points to 6.6%. During the..."/>
Seacoast Banking Reports Second Quarter 2016 Results
Franklin Financial Network, Inc., the parent company of Franklin Synergy Bank, today announced that it is rescheduling its second quarter 2016 conference call, due to technical difficulties with its originally scheduled call, to tomorrow, July 28, 2016, at 8:00 a.m. CT. To access the call for audio only, please call 1-844-378-6480. For the presentation and streaming audio, please access the webcast on the Investor Relations page of..."/>
Franklin Financial Network Reschedules Second Quarter 2016 Conference Call Due To Technical Difficulties
Arrow Financial Corporation on July 27, 2016, declared a quarterly cash dividend of $0.25 per share payable September 15, 2016, to shareholders of record September 2, 2016. This represents an increase of 2% over the cash dividend paid in the third quarter of 2015, as a result of the 2% stock dividend on September 28, 2015.. Arrow Financial Corporation is a multi-bank holding company headquartered in Glens Falls,..."/>
Arrow Financial Corporation Declares Cash Dividend
ESSA Bancorp, Inc. today announced financial results for the nine months ended June 30, 2016. The Company is the holding company for ESSA Bank& Trust, a $1.8 billion asset institution, which provides full service retail and commercial banking, financial, and investment services from 26 locations in eastern Pennsylvania, including the Poconos, Lehigh Valley, Scranton/Wilkes-Barre and suburban Philadelphia. The Company reported net income of $2.1..."/>
ESSA Bancorp, Inc. Announces Fiscal Third Quarter, Nine Months 2016 Financial Results
Bankwell Financial Group, Inc. reported GAAP net income of $2.9 million for the second quarter of 2016. In addition, Bankwell Financial Group, Inc. reached record loan levels at $1.3 billion, driven by continued strong organic growth. The Company's Board of Directors declared a $0.05 per share cash dividend, payable August 26, 2016 to shareholders of record on August 16, 2016.."/>
Bankwell Financial Group Reports Second Quarter Net Income of $2.9 Million, Reaches Record Asset Levels at $1.5 Billion and Declares Third Quarter Dividend
Green Bancorp, Inc., the bank holding company that operates Green Bank, N.A., today announced that Manny Mehos, chairman and CEO of Green Bancorp, and Donald Perschbacher, corporate chief credit officer of Green Bank, will present at the KBW Community Bank Conference in New York. The presentation will begin at 1:30 pm, on Tuesday, August 2, 2016.. Interested investors and other parties may listen to a simultaneous webcast of the presentation by logging onto the..."/>
Green Bancorp, Inc. to Present at the KBW Community Bank Conference
Hilltop Holdings Inc. today announced financial results for the second quarter of 2016. Hilltop produced income to common stockholders of $31.1 million, or $0.32 per diluted share, for the second quarter of 2016, compared to $29.6 million, or $0.30 per diluted share, for the second quarter of 2015. Hilltop’ s annualized return on average assets and return on average equity for the second quarter of 2016 were 1.05% and 7.07%, respectively, compared to 0.97% and 7.12% for the..."/>
Hilltop Holdings Inc. Announces Financial Results for Second Quarter 2016
Pacific Continental Corporation, the holding company of Pacific Continental Bank, today announced that Roger Busse, chief executive officer and Casey Hogan, chief operating officer will present at the Keefe, Bruyette& Woods 2016 Community Bank Investor Conference at the Waldorf– Astoria Hotel in New York. The presentation is scheduled for Wednesday, August 3, at 10:30 a.m. Eastern Time. Busse and Hogan will provide a synopsis of the..."/>
Pacific Continental Corporation CEO and COO to Present at Keefe, Bruyette & Woods 2016 Community Bank Investor Conference
Jernigan Capital Procures Equity Financing Commitment
United Fire Group, Inc. announced today that the second quarter 2016 results are expected to include estimated pretax catastrophe losses of approximately $34 million to $37 million.. “Catastrophe losses for the second quarter are estimated to add approximately 15 to 16 percentage points to the GAAP combined ratio. Our 10- year historical average for the second quarter is 10.3 percentage points of the GAAP combined ratio,” stated Randy A. Ramlo,..."/>
United Fire Group, Inc. Reports Estimate for Second Quarter 2016 Results
Home BancShares, Inc., parent company of Centennial Bank, announced today that its wholly owned subsidiary, Centennial Bank, has entered into agreements with the Federal Deposit Insurance Corporation. that terminate the bank's loss share agreements with the FDIC. The loss share agreements were related to the bank's acquisition of assets and assumption of liabilities of six failed banks through FDIC-assisted transactions in 2010.."/>
Home BancShares, Inc. Announces Early Termination of All FDIC Loss Share Agreements
Sunshine Bancorp, Inc., the holding company for Sunshine Bank, has released its unaudited financial results for the second quarter 2016.. Net income for the three months ended June 30, 2016 was $73,000 compared to net income of $154,000 for the three months ended March 31, 2016 and compared to a net loss of $151,000 for the three months ended June 30, 2015. Net income for the six months ended June 30, 2016 was $227,000 compared to a net loss of $504,000 during the six..."/>
Sunshine Bancorp, Inc. Reports Second Quarter 2016 Financial Results
FNB Bancorp, parent company of First National Bank of Northern California, today announced net earnings available to common shareholders for the second quarter of 2016 of $2,448,000 or $0.52 per diluted share, compared to net earnings available to common shareholders of $2,071,000 or $0.45 per diluted share for the second quarter of 2015.. The second quarter of 2016 operating results, when compared to the same period a year ago, were positively..."/>
First National Bank of Northern California Reports Second Quarter 2016 Earnings of $0.52 per Diluted Share
Eagle Bancorp Montana, Inc.,, the holding company of Opportunity Bank of Montana, today reported that its Board of Directors determined that the Company had incorrectly reported interest income for the quarter ended March 31, 2016, included in the Company’ s quarterly report for the first quarter of 2016. As a result, the Board concluded that the Company will restate the unaudited condensed consolidated financial statements for the quarter ended March..."/>
Eagle Bancorp Montana Revises First Quarter 2016 Results
First Savings Financial Group, Inc., the holding company for First Savings Bank, today reported net income and net income available to common shareholders of $2.2 million, or $0.97 per diluted share, for the quarter ended June 30, 2016 compared to net income and net income available to common shareholders of $2.2 million, or $0.95 per diluted share, for the quarter ended June 30, 2015.. During the quarter ended June 30, 2016, the Company recognized $4.8..."/>
First Savings Financial Group, Inc. Reports 2016 Third Quarter Financial Results
First Defiance Financial Corp. announced today that Donald P. Hileman, President and CEO, and Kevin T. Thompson, Executive Vice President and CFO, will present at the Keefe, Bruyette& Woods 17 th Annual Community Bank Investor Conference on Tuesday, August 2, 2016 at 8:00 a.m. EDT. The presentation will be available as a webcast. KBW will host the investor conference where more than 110 community banks are scheduled to present over two days."/>
First Defiance Financial Corp. to Present at Annual Keefe, Bruyette & Woods Community Bank Investor Conference
OTC Markets Group Inc. today announced that it will report its financial results for the second quarter ended June 30, 2016 after the close of the U.S. capital markets on Wednesday, August 3, 2016.. In addition, the Company will host a conference call on Thursday, August 4, 2016 at 8:00 a.m. Eastern Time, during which management will discuss the financial results in further detail. The conference call and replay of the conference call may be..."/>
OTC Markets Group Announces Second Quarter Earnings Release and Conference Call
Canadian Apartment Properties Real Estate Investment Trust announced today it has completed the sale of a building containing 145 mid-tier suites located at 1150 and 1160 Sherbrooke Street East in Montreal, Quebec for $24.8 million and includes the assumption by the purchaser of approximately $12.1 million in mortgage debt. The net proceeds from the sale were used to repay the Acquisition and Operating Facility. "We believe we had maximized the..."/>
CAPREIT Sells Montreal Property

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