Industry News

Bank of Hawaii Corp.' s net income rose 7.5 percent in the second quarter as strong loan growth helped the company blow past analysts' expectations. The state's second largest bank said today it earned $44.2 million, or $1.03 a share, to beat analysts' estimates by 10 cents. Bankoh earned $41.2 million, or 95 cents a share, in the year-earlier period."/>
BRIEF: Loan growth powers Bankoh's earnings up 7.5% [The Honolulu Star-Advertiser]
Citizens Financial Group, Inc. today announced the pricing of an offering of $350 million aggregate principal amount of 2.375% senior unsecured notes due July 28, 2021 at an issue price of 99.948%. CFG intends to use the net proceeds of the Senior Notes offering and available cash to repurchase $500 million of CFG subordinated notes currently held by The Royal Bank of Scotland Group plc, pursuant to the previously announced agreement between CFG and RBS."/>
Citizens Financial Group Announces Pricing of $350 Million of Senior Notes
Garrison Capital Inc., a business development company, announced today that it plans to report financial results for the second quarter ended June 30, 2016 after the financial markets close on Tuesday, August 9, 2016.. The Company will host an earnings conference call at 10:00 a.m. on Thursday, August 11, 2016 to discuss its second quarter financial results. All interested parties are welcome to participate."/>
Garrison Capital Inc. Schedules Earnings Release for the Second Quarter Ended June 30, 2016
American Riviera Bank announced today unaudited net income of $1,425,000 for the second quarter ended June 30, 2016, compared to the $362,000 reported June 30, 2015. Pre-tax, unaudited, operating income excluding merger related costs and income for the six months ended June 30, 2016 was $3,654,000, which is 136% better on a share adjusted basis than the $966,000 achieved for the same reporting period last year prior to the merger. As of June 30, 2016 total..."/>
American Riviera Bank Reports Increased Earnings
First Interstate BancSystem, Inc. reports second quarter 2016 net income of $25.6 million, or $0.57 per share. This compares to net income of $20.1 million, or $0.45 per share, during first quarter 2016, and $22.2 million, or $0.49 per share, during second quarter 2015. During second quarter 2016, the Company recorded a non-recurring recovery of $3.8 million related to prior year litigation, which the Company considers non-core."/>
First Interstate BancSystem, Inc. Reports Strong Second Quarter Earnings; Announces Quarterly Dividend of $0.22 Per Share
Affiliated Managers Group, Inc. will report financial and operating results for the second quarter ended June 30, 2016 on Monday, August 1, 2016. A teleconference will be held at 8:00 a.m. Eastern time on the same day."/>
AMG to Announce Second Quarter Results on August 1, 2016
Granite Real Estate Investment Trust today announced the appointment of Mr. Ilias Konstantopoulos as Granite's new Chief Financial Officer effective on or about September 12, 2016.. Konstantopoulos is a senior financial executive who brings over 20 years of corporate finance, mergers and acquisitions, and capital markets expertise to Granite from his roles as Managing Partner at Brookfield Financial and Managing Director at BMO Capital..."/>
Granite REIT Announces Appointment of Ilias Konstantopoulos as its Chief Financial Officer
Granite Real Estate Investment Trust today announced the appointment of Mr. Ilias Konstantopoulos as Granite's new Chief Financial Officer effective on or about September 12, 2016.. Konstantopoulos is a senior financial executive who brings over 20 years of corporate finance, mergers and acquisitions, and capital markets expertise to Granite from his roles as Managing Partner at Brookfield Financial and Managing Director at BMO Capital Markets."/>
Granite REIT Announces Appointment of Ilias Konstantopoulos as its Chief Financial Officer
German American Bancorp, Inc. reported today the achievement of record 2016 second quarter earnings of $9.8 million, or $0.64 per share. The Company’ s record earnings were enhanced by the inclusion of the operations of River Valley Bancorp, and its banking subsidiary River Valley Financial Bank, for the full quarter, following the acquisition of River Valley on March 1, 2016. The current quarter record performance represented a 16.4% increase, on a per..."/>
German American Bancorp, Inc. (GABC) Reports Record Quarterly Earnings
Berkshire Hills Bancorp, Inc. reported second quarter GAAP earnings of $0.52 per share in 2016 compared to $0.35 in 2015. Core earnings increased to $0.54 per share from $0.51 for these respective periods. Results increased due to expanded operations and improved profitability."/>
Berkshire Hills Reports Second Quarter Results and Declares Dividend
Goldman Sachs MLP Income Opportunities Fund and Goldman Sachs MLP and Energy Renaissance Fund on August 8, 2016 at 4:15 PM ET. The call will feature Kyri Loupis, Head of the Energy and Infrastructure team at GSAM, along with Portfolio Managers Ganesh Jois and Matthew Cooper joining the call. The call will cover the market environment for U.S. energy and provide an update on the closed-end fund investment..."/>
Goldman Sachs Asset Management to Host Quarterly MLP Closed-End Funds Conference Call
IIROC Trading Halt - ACR.UN
Information Services Corporation announced today that the membership of SGEU Local 2214 has ratified a new collective agreement with respect to its in-scope employees. "We appreciate the hard work and commitment of the negotiating teams on both sides of the table in reaching this agreement," said Jeff Stusek, President& CEO of ISC. " This shows a mutual regard for the collective bargaining process and we look forward to continuing our ongoing..."/>
ISC and SGEU Ratify New Collective Agreement
Kansas City Life Declares Quarterly Dividend
EverBank Financial Corp. may be working on a deal to sell the company, according to a Bloomberg financial news report Monday. Company officials decline to even discuss the possibility of a sale. Bloomberg reported Monday morning that the largest bank in the state of Florida is angling to sell the company."/>
Report: Jacksonville EverBank may be up for sale, company officials mum on possible deal [The Florida Times-Union, Jacksonville]
Brookfield Canada Office Properties, a Canadian REIT, today announced that net income for the three months ended June 30, 2016 was $45.8 million or $0.49 per unit, compared to $83.6 million or $0.90 per unit during the same period in 2015.. Revaluation gain for the three months ended June 30, 2016 was $5.9 million, compared to a revaluation gain of $47.2 million during the same period in 2015. The current value of $34.05 per unit represents an increase over the..."/>
Brookfield Canada Office Properties Reports Second Quarter 2016 Results
Independent Bank Group, Inc., the holding company for Independent Bank, today announced net income available to common shareholders of $11.8 million, or $0.64 per diluted share, for the quarter ended June 30, 2016 compared to $10.5 million, or $0.61 per diluted share, for the quarter ended June 30, 2015 and $12.4 million, or $0.67 per diluted share, for the quarter ended March 31, 2016.. Core earnings were $13.8 million, or $0.74 per diluted share, compared..."/>
Independent Bank Group Reports Second Quarter Financial Results
Element Financial Corporation, one of North America's leading fleet management and equipment finance companies, today announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies targeted for closing on October 3, 2016. Following the Separation Transaction, Element Financial Corporation, to be..."/>
Element Board Unanimously Approves Plan to Separate into Two Market Leading Companies
HomeStreet, Inc., the parent company of HomeStreet Bank, today announced net income of $21.7 million, or $0.87 per diluted share, for the second quarter of 2016, compared with net income of $6.4 million, or $0.27 per diluted share, for the first quarter of 2016 and $12.4 million, or $0.56 per diluted share, for the second quarter of 2015."/>
HomeStreet, Inc. Reports Second Quarter 2016 Results
First Bank today announced second quarter and year to date 2016 results. Net income for the quarter was $1.4 million or $0.15 per diluted share, compared to $748 thousand or $0.08 per diluted share for the second quarter of 2015, an..."/>
First Bank Reports Second Quarter 2016 Net Income of $1.4 Million, up 92.9% From 2015

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