Industry News

India's 10-year bond yield nears 2009 lows [Mint, New Delhi]
Punjab National Bank's net profit fell 57% to Rs.306 crore in the first quarter of 2016-17 from Rs.720 crore in the year-ago period as bad debts zoomed. Gross non-performing assets of the bank as a percentage of advances more than doubled to 13.75% from 6.47% in the year-ago period. Net NPAs also touched 9.16% from 4.05% in the year-ago quarter."/>
PNB Q1 profit falls 57% to Rs306 crore [Mint, New Delhi]
Peapack-Gladstone Financial Corporation recorded record net income of $12.05 million and diluted earnings per share of $0.74 for the six months ended June 30, 2016, compared to $10.25 million and $0.67, respectively, for the same six month period last year, reflecting increases of $1.81 million or 18 percent, and $0.07 per share, or 10 percent, respectively. For the quarter ended June 30, 2016, the Corporation recorded net income of $6.56 million and..."/>
Peapack-Gladstone Financial Corporation Reports a Strong Second Quarter and Declares Its Quarterly Cash Dividend
KCG Holdings, Inc. has agreed to acquire Stockholm, Sweden-based broker Neonet Securities AB from UK-based specialist financial services investor Hay Tor Capital, KAS Bank and Sweden-based holding company Cidron Delfi Intressenter Holding, the company said. Financial terms were not disclosed. The transaction, which is subject to customary regulatory and other approvals, is expected to close later this year."/>
KCG to Acquire Swedish Broker Neonet Securities
Heritage Commerce Corp, today announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share to holders of common stock and Series C Preferred Stock. The dividend will be payable on August 24, 2016, to shareholders of record on August 9, 2016.. Heritage Commerce Corp, a bank holding company established in February 1998, is the parent company of Heritage Bank of Commerce, established in 1994 and headquartered in San Jose..."/>
Heritage Commerce Corp Declares Quarterly Cash Dividend of $0.09 Per Share
Heritage Commerce Corp, the holding company for Heritage Bank of Commerce, today reported net income increased 63% to $7.3 million, or $0.19 per average diluted common share, for the second quarter of 2016, compared to $4.5 million, or $0.14 per average diluted common share for the second quarter of 2015, and increased 19% from $6.1 million, or $0.16 per average diluted common share for the first quarter of 2016. For the six months ended June 30, 2016, net..."/>
Heritage Commerce Corp’s Second Quarter 2016 Earnings Increased 63% From the Prior Year Second Quarter
Park Sterling Bank said Thursday its second-quarter profits grew about 30 percent from the same period last year, as revenue from lending and fees increased. Park Sterling Corp. reported net income of $5.6 million compared with $4.3 million a year earlier. Earnings adjusted for costs related to mergers and acquisitions were 12 cents per share, versus 10 cents a year ago."/>
Park Sterling's second-quarter profits up 30 percent [The Charlotte Observer]
Investar Holding Corporation, the holding company for Investar Bank, today announced financial results for the quarter ended June 30, 2016. The Company reported net income of $2.0 million, or $0.28 per diluted share for the second quarter of 2016, compared to $2.0 million, or $0.28 per diluted share for the quarter ended March 31, 2016, and $1.8 million, or $0.25 per diluted share, for the quarter ended June 30, 2015.. Investar Holding Corporation..."/>
Investar Holding Corporation Announces 2016 Second Quarter Results
Bancorp, Inc., a financial holding company, today reported financial results for the second quarter 2016.. Net interest income increased 23% to $20.9 million for the quarter ended June 30, 2016 compared to $17.0 million for the quarter ended June 30, 2015. Net interest margin increased to 2.73% for the quarter ended June 30, 2016 compared to 2.23% for the quarter ended June 30, 2015. Loans and continuing operations loans held for sale increased 30% to..."/>
The Bancorp, Inc. Reports Second Quarter 2016 Financial Results
Retail Properties of America, Inc. today announced that it declared the third quarter dividend for its 7.00% Series A Cumulative Redeemable Preferred Stock. The dividend of $0.4375 per preferred share will be paid on September 30, 2016 to preferred stockholders of record on September 20, 2016.. The Company also announced that it declared the third quarter dividend for its outstanding Class A common stock."/>
Retail Properties Of America, Inc. Announces Third Quarter 2016 Dividends On Preferred And Common Stock
Chubb Limited today announced that Michael Kessler has been appointed Vice President, Chubb Group and Chief Reinsurance Officer. Kessler is Chief Actuary of Chubb Overseas General, the company's international general insurance business. Kessler succeeds William O'Farrell, who has served as the company's Chief Reinsurance Officer since 2005 and is leaving Chubb to pursue other business opportunities."/>
Chubb Names Michael Kessler Chief Reinsurance Officer
Capital Bank Financial Corp. today announced that its wholly owned subsidiary, Capital Bank Corporation, has completed the conversion of its debit card portfolio to Platinum Debit MasterCard-branded cards.. Platinum Debit MasterCard continues to deliver the same benefits Capital Bank cardholders had previously enjoyed, including:. Zero liability for unauthorized transactions Unsurpassed worldwide acceptance everywhere Debit MasterCard..."/>
Capital Bank Offers Enhanced Platinum Debit MasterCard Cards
Ladder Capital Corp will release its second quarter 2016 results on August 4, 2016 after the close of markets. The Company will host a conference call and webcast for investors at 5:00 p.m. EDT that day to discuss the financial results. The conference call can be accessed by dialing 407-4018 domestic or 689-8471 international."/>
Ladder Capital Corp to Report Second Quarter 2016 Results
Encore Capital Group, Inc., an international specialty finance company, announced today that it will release its financial results for the second quarter of 2016 on Thursday, August 4, 2016, after the market closes. The Company will also host a conference call and slide presentation the same day at 2:00 p.m. Pacific/ 5:00 p.m. Eastern time with Kenneth A. Vecchione, President and Chief Executive Officer, Jonathan Clark, Executive Vice President and Chief..."/>
Encore Capital Group to Announce Second Quarter 2016 Financial Results on August 4
Mack-Cali Realty Corporation today announced that it executed 74 leases totaling 660,373 square feet for its office and flex commercial real estate properties during the quarter ending June 30, 2016. Of the 660,373 square feet leased, 154,069 square feet were for new leases and 506,304 square feet were for lease renewals and other tenant transactions. At quarter end, Mack-Cali's Core, Flex, and Waterfront properties achieved 89.8 percent..."/>
Mack-Cali Announces Second Quarter Leasing Results
Outerwall Inc. in connection with the proposed acquisition of the Company by affiliates of Apollo Global Management, LLC. On July 25, 2016, the Company announced that it had reached a definitive agreement for the Apollo Affiliates to acquire all outstanding shares of OUTR. Under the terms of the agreement, OUTR..."/>
Outerwall Inc. Acquisition May Not Be in the Best Interests of OUTR Shareholders
Bay Bancorp, Inc., the savings and loan holding company for Bay Bank, FSB, announced today net income increased to $0.45 million or $0.04 per basic and diluted common share for the second quarter of 2016 over the $0.19 million or $0.02 per basic and diluted common share recorded for the first quarter of 2016. Net income for the second quarter of 2015 was $0.55 million or $0.05 per basic and diluted common share. Bay reported net income of $0.64 million or $0.06..."/>
Bay Bancorp, Inc. Announces Second Quarter 2016 Results

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