Industry News

Bank of the Ozarks Inc revealed on Friday that the merger of C1 Financial Inc with and into the company, was closed effectively on 21 July 2016.. Simultaneous, C1's wholly-owned bank subsidiary, C1 Bank merged with and into the company's wholly-owned bank subsidiary, Bank of the Ozarks and the company mentioned that this is its fifteenth acquisition since March of 2010. Also, C1 had about USD1.7bn of total assets, USD1.4bn of loans and USD1.3bn of deposits, as of 30 June 2016.."/>
Bank of the Ozarks closes its merger with C1 Financial
Civista Bancshares, Inc. reported net income attributable to common shareholders of $4.8 million, or $0.47 per diluted share, for the second quarter of 2016, compared with $2.7 million, or $0.29 per diluted share, for the prior year period. For the six-month period ended June 30, 2016, Civista reported net income available to common shareholders of $9.1 million or $0.91 per diluted share, compared to $5.5 million, or $0.58 per diluted share,..."/>
Civista Bancshares, Inc. Announces Second Quarter 2016 Earnings
White goods price war on the high street [Daily Mail, London]
Arbor Realty Trust, Inc., today announced that it is scheduled to release second quarter 2016 financial results before market open on Friday, August 5, 2016. The Company will also host a conference call to review the results at 10:00 am ET on August 5th.. A live webcast of the conference call will be available at http://www.arborrealtytrust.com in the investor relations section of the Company’ s website."/>
Arbor Realty Trust Schedules Second Quarter 2016 Earnings Conference Call
Republic Bancorp, Inc., headquartered in Louisville, Kentucky, is the holding company of Republic Bank& Trust Company.. Republic Bancorp, Inc. is pleased to report second quarter net income of $8.3 million and Diluted Earnings per Class A Common Share of $0.40, both on par with the second quarter of 2015 despite additional noninterest expenses during the quarter resulting from transaction costs associated with the Company’ s completion of its Cornerstone..."/>
Republic Bancorp, Inc. Reports Second Quarter Net Income of $8.3 Million
Cigna Corp. by Anthem Inc. could be dead following a decision announced Thursday by the U.S. Department of Justice challenging the deal in federal court, two industry analysts said. But a separate $37 billion acquisition sought by Aetna Inc. of Humana Inc. could still go through, although Hartford-based Aetna may be forced to give up more of its business to win federal approval."/>
What's Next After Feds Move To Block Insurance Mergers? [The Hartford Courant]
Sierra Bancorp, parent of Bank of the Sierra, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.12 per share, the same as the dividend paid last quarter but 9% higher than the per-share dividend paid a year ago. The dividend was approved subsequent to the Board's review of the Company's financial performance and capital strength for the quarter ended June 30, 2016. It will be paid on August..."/>
Sierra Bancorp Declares Quarterly Cash Dividend
OFS Capital Corporation, a business development company, announced today that, prior to the opening of the stock market on Friday, August 5, 2016, it will issue a press release announcing its second quarter 2016 earnings results. A conference call is scheduled for later that day at 11:00 a.m. Eastern Time. Bilal Rashid, Chairman& Chief Executive Officer, will host the call, along with Jeffrey Cerny, Chief Financial Officer& Treasurer."/>
OFS Capital Corporation Announces Date for Its Second Quarter 2016 Earnings Release and Conference Call
Kingsway Financial Services Inc. today announced its operating results for the second quarter and six months ended June 30, 2016. All amounts are in U.S. dollars unless indicated otherwise. Management Comments Larry G. Swets, Jr., President and Chief Executive Officer, stated, "Kingsway continued to move forward on a number of growth initiatives throughout the first half of 2016 that are consistent with our long-term strategy of creating value..."/>
Kingsway Announces Second Quarter 2016 Results
First Industrial Realty Trust Inc., Extra Space Storage Inc., Sovran Self Storage Inc., and National Storage Affiliates. Analysts predict a continued strong run for Industrial REITs after the industry outperformed the market in the second quarter."/>
REIT - Industrial Stocks on Investors' Radar -- First Industrial Realty Trust, Extra Space Storage, Sovran Self Storage, and National Storage Affiliates
Eagle Financial Services, Inc., the holding company for Bank of Clarke County, whose divisions include Eagle Investment Group, reported increased quarterly earnings, continued asset quality improvement and strong performance for the second quarter of 2016. On July 20, 2016, the Board of Directors announced a quarterly common stock cash dividend of $0.20 per common share, payable on August 15, 2016, to shareholders of record on August 1,..."/>
Eagle Financial Services, Inc. Announces 2016 Second Quarter Dividend and Financial Results
Senior Housing Properties Trust today announced that it will issue a press release containing its second quarter 2016 financial results before the Nasdaq opens on Friday, August 5, 2016. At 10:00 a.m. Eastern Time that morning, President and Chief Operating Officer David Hegarty and Chief Financial Officer Richard Siedel will host a conference call to discuss these results. The conference call telephone number is 329-4297. Participants calling from..."/>
Senior Housing Properties Trust Second Quarter 2016 Conference Call Scheduled for Friday, August 5th
Corporate Office Properties Trust on Thursday declared the formation of GI-COPT DC Partnership LLC, a 50/ 50 joint venture with an affiliate of GI Partners, for proceeds of USD104m in the transaction. Accordingly, the venture acquired the company's six existing, single-tenant, data centre properties with a total of 962,000 sq ft. GI Partners' affiliate bought its interest in the venture for about USD44m."/>
COPT forms 50/50 data centre joint venture GI-COPT DC Partnership LLC for proceeds of USD104m
Charles Schwab Corporation disclosed on Friday that its board of directors approved a regular quarterly cash dividend of USD0.07 per share on the company's common stock. Stockholders of record as of the close of business on 12 August 2016, will receive the dividend payment on 26 August 2016.. Additionally, the board authorised a regular quarterly dividend of USD15.00 per share or USD0.375 per depositary share on the company's outstanding fixed rate non-cumulative..."/>
Schwab announces common and preferred stock dividends for quarter
Union Bankshares Corporation today reported net income of $19.3 million and earnings per share of $0.44 for its second quarter ended June 30, 2016. The quarterly results represent an increase of $2.4 million, or 14.0%, in net income and an increase of $0.06, or 15.8%, in earnings per share from the first quarter. For the six months ended June 30, 2016, net income was $36.3 million and earnings per share was $0.82, an increase of 16.9% and 18.8%, respectively,..."/>
Union Bankshares Reports Second Quarter Results and Declares Quarterly Dividend
Beneficial Bancorp, Inc., the parent company of Beneficial Bank, today announced its financial results for the three and six months ended June 30, 2016. Beneficial recorded net income of $2.7 million and $7.8 million, or $0.04 and $0.10 per diluted share, for the three and six months ended June 30, 2016, respectively, compared to net income of $7.1 million and $12.3 million, or $0.09 and $0.16 per diluted share, for the three and six months ended June 30, 2015."/>
Beneficial Bancorp, Inc. Announces Second Quarter Results, Stock Repurchase Program and Cash Dividend to Shareholders
OFG Bancorp today reported results for the second quarter ended June 30, 2016.. Net income available to shareholders was in line with the preceding quarter and surpassed the year ago quarter. OFG generated $10.9 million, or $0.25 per share fully diluted, in 2 Q16 compared to $10.7 million, or $0.24, in 1 Q16. In the year ago quarter, OFG reported a net loss of $6.6 million, or per share, primarily due to non-recurring charges. Oriental Bank’ s overall performance..."/>
OFG Bancorp Reports 2Q16 Results
S&T Bancorp Inc on Thursday reported earnings of USD17.1m or USD0.49 per diluted share for the second quarter of 2016, compared to the earnings of USD18.2m or USD0.52 per diluted share in the second quarter of 2015.. Net interest income in the second quarter was USD49.7m, up from the net interest income of USD48.8m in the same quarter last year. Total non-interest income was USD12.4m, decreased from the non-interest income of USD13.4m in the 2015 second quarter."/>
S&T Bancorp declares reduced earnings for Q2 2016 and dividend of USD0.19 per share

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