Industry News

First Financial Bankshares, Inc. today reported earnings for the second quarter of 2016 of $26.81 million, up 5.94 percent when compared with earnings of $25.31 million in the same quarter last year. Basic earnings per share were $0.41 for the second quarter of 2016 compared with $0.39 in the same quarter a year ago. All amounts for the second quarter ended June 30, 2016, include the results of the asset purchase of 4 Trust Mortgage, Inc. on May..."/>
First Financial Bankshares Announces Second Quarter 2016 Earnings Results
Carver Bancorp, Inc., the holding company for Carver Federal Savings Bank, today announced that on July 15, 2016, the Company received a letter from the Nasdaq Stock Market stating that the Company is not in compliance with Nasdaq Listing Rule 5250 (c) because it did not timely file its Annual Report on Form 10- K for the period ended March 31, 2016 with the U.S. As previously disclosed, the Company was unable to file its Form 10- K on time because the Company will..."/>
Carver Bancorp Announces Receipt of Nasdaq Letter
American National Bankshares Inc., parent company of American National Bank and Trust Company, today announced net income of $4,088,000 compared to $2,880,000 for the second quarter of 2015, a $1,208,000 or 41.9% increase."/>
American National Bankshares Inc. Reports Second Quarter 2016 Earnings
Gladstone Commercial Corporation announces the following event:. A conference call replay will be available after the call and will be accessible through August 26, 2016. To hear the replay, please dial 859-2056 and use playback conference number 29246154.."/>
Gladstone Commercial Corporation Earnings Call and Webcast Information
Capital One Financial Corporation today announced net income for the second quarter of 2016 of $942 million, or $1.69 per diluted common share, compared to the first quarter of 2016 with net income of $1.0 billion, or $1.84 per diluted common share, and the second quarter of 2015 with net income of $863 million, or $1.50 per diluted common share. Excluding Adjusting items, net income for the second quarter of 2016 was $979 million or $1.76 per share."/>
Capital One Reports Second Quarter 2016 Net Income of $942 million, or $1.69 per share
People's United Financial, Inc. today reported net income of $68.5 million, or $0.23 per share, for the second quarter of 2016, compared to $61.7 million, or $0.20 per share, for the second quarter of 2015, and $62.9 million, or $0.21 per share, for the first quarter of 2016.. The Company's Board of Directors declared a $0.17 per share quarterly dividend, payable August 15, 2016 to shareholders of record on August 1, 2016. Based on the closing..."/>
People's United Financial Reports Second Quarter Net Income of $68.5 Million, or $0.23 Per Share
Merchants Bancshares, Inc., the parent company of Merchants Bank, today announced net income of $4.4 million and $0.63 per diluted share for the second quarter of 2016 compared to net income of $3.5 million or $0.50 per diluted share in the first quarter of 2016 and $3.1 million in net income or $0.49 per diluted share in the second quarter of 2015.. For the six months ended June 30, 2016, net income was $7.9 million, or $1.14 per diluted..."/>
Merchants Bancshares, Inc. Reports Second Quarter EPS of $0.63; Declares Dividend
Enterprise Bancorp, Inc., parent of Enterprise Bank, announces net income for the three months ended June 30, 2016 amounted to $4.8 million, an increase of $1.3 million, or 36%, compared to the same three-month period in 2015. Diluted earnings per share were $0.45 for the three months ended June 30, 2016, an increase of 32%, compared to the same three-month period in 2015. Net income for the six months ended June 30, 2016 amounted to $9.1 million, an increase of..."/>
Enterprise Bancorp, Inc. Announces Second Quarter 2016 Net Income of $4.8 Million
Central Valley Community Bancorp, the parent company of Central Valley Community Bank, has declared a regular quarterly cash dividend of $0.06 per share on the Company's common stock. The dividend is payable on August 19, 2016 to shareholders of record as of August 5, 2016.. Central Valley Community Bancorp trades on the NASDAQ stock exchange under the symbol CVCY."/>
Central Valley Community Bancorp Declares Quarterly Cash Dividend
TrustCo Announces Second Quarter 2016 Earnings
Citizens Financial Group Inc. and could ascend even higher. In the three months ended June 30, home lending activity worked out to $1.964 billion. Business was significantly elevated compared to the first quarter of this year, when $1.386 in production was generated."/>
Citizens' Home Lending Jumps, Headed Higher [Mortgage Daily]
Huntington Bancshares Inc., while a quarter-over-quarter gain was recorded for mortgage earnings. The servicing portfolio, though, fell. During the second quarter of this year, residential loan originations totaled $1.600 billion."/>
Mortgage Earnings, Originations Up at Huntington [Mortgage Daily]
BB&T Corp. In addition, the residential servicing and investment portfolios grew, quarterly earnings improved, and staff ranks swelled. From April 1 to June 30, BB&T closed $5.605 billion in home loans. Mortgage production at the financial institution climbed well ahead of the $3.602 billion in loans during the first three months of 2016.."/>
BB&T Mortgage Originations Skyrocket, Servicing Up [Mortgage Daily]
Infinity Property and Casualty Corporation expects to release the company's second quarter 2016 results on Thursday, August 4, 2016, before the market opens. Shortly thereafter, the company plans to post supplementary financial information online and file its 10- Q. These materials, along with Infinity's earnings release, will be available on the company's Investor Relations website at http://ir.infinityauto.com."/>
Infinity Property and Casualty Corporation to Announce Second Quarter 2016 Results
BC Partners to buy 80% Keter stake [Globes, Tel Aviv, Israel]
Central Valley Community Bancorp, the Fresno-based parent company of Central Valley Community Bank, saw a 71 percent increase in revenue in its first six months of 2016, up from the same time frame last year. The company brought in $9.5 million, or 86 cents per share, in earnings in the last six months, which is an increase from $5.5 million, or 50 cents per share, for January through June of 2015.. For the second quarter, or the months of April, May and June, Central Valley Community..."/>
Central Valley Community Bancorp reports 71 percent jump in revenue [The Fresno Bee]
FirstMerit announced today the naming of the Clifford J. Isroff Building at III Cascade Plaza. Named for the late lead director of FirstMerit's board of directors who passed away in June 2015, the building was dedicated with a ceremony led by Paul Greig, FirstMerit chairman, president and CEO and attended by members of Isroff's family today. "We are pleased to name the building after Cliff and his three and a half decades of service to FirstMerit,"..."/>
FirstMerit Dedicates Clifford J. Isroff Building in Downtown Akron
Royal Bank of Canada. The objective is to have customers interacting with virtual tellers that will make suggestions and decisions based upon machine-based learning. "It will allow us to provide virtual banking," said Ortiz, a 51- year-old Ecuadorian who has worked for the company 19 years."/>
Orlando team tackles virtual bank teller development [Orlando Sentinel]
ProGreen Properties, Inc.,, www.ProGreenUS.com, is announcing to change its name to ProGreen US, Inc., as of tomorrow, July 22, 2016. The ticker symbol will change to PGUS, also effective also as of tomorrow. "We are changing our name to better reflect the expansion of the company's business activities going forward, investment in agriculture land in Baja California, further planning for residential and commercial real estate developments in the area, with..."/>
ProGreen Properties, Inc. Changes Its Name to ProGreen US, Inc.
Amazon.com Inc., which operates a huge fulfillment center in western Lehigh County, plans to move into Northampton County. Signs outside and taped to doors at a warehouse in Palmer Township show the Amazon Fulfillment logo. The company is advertising on indeed.com, a search engine for job listings, for several open positions in the Easton area."/>
Online retailer Amazon appears headed to open warehouse in Palmer Township [The Morning Call (Allentown, Pa.)]

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