Industry News

Donegal Group Inc. today reported its financial results for the second quarter of 2016. Net income increased 32.8% to $8.6 million, or 32 cents per diluted Class A share, for the second quarter of 2016, compared to net income of $6.5 million, or 24 cents per diluted Class A share, for the second quarter of 2015 Net premiums written increased 7.7% to $178.2 million for the second quarter of 2016, reflecting organic growth in both personal and commercial lines..."/>
Donegal Group Inc. Announces Second Quarter and First Half 2016 Results
Two River Bancorp, the parent company of Two River Community Bank, today reported financial results for the second quarter and six months ended June 30, 2016.. Second Quarter 2016 Operating and Financial Highlights. Net income available to common shareholders increased 19.4% to $1.73 million, or $0.21 per diluted share, up from $1.45 million, or $0.18 per diluted share, in the corresponding prior year’ s quarter. Non-interest income increased 23.9%..."/>
Two River Bancorp Reports 19.4% Increase in Second Quarter 2016 Net Income to Common Shareholders
Mission Valley Bancorp announces the company's year to date net income of $1,603,000 for the period ended June 30, 2016– the strongest 2 nd quarter close in the history of the company. President and CEO Tamara Gurney stated, "As Mission Valley marks our 15 th year of operation, I am very pleased to report the strongest 2 nd Quarter close in the history of the organization. Net Income as of June 30, 2016 topped $1,603,000, a 28.6% year over year..."/>
Mission Valley Bancorp Reports Record 2016 Mid Year Earnings
Southern Michigan Bancorp, Inc. announced second quarter 2016 net income of $1,398,000, or $0.58 per share, compared to net income of $1,880,000, or $0.79 per share, for the second quarter of 2015. Southern earned $2,772,000, or $1.15 per share, for the six-month period ended June 30, 2016 compared to $3,089,000, or $1.29 per share, for the same six-month period a year ago. During the second quarter of 2015 Southern recorded $555,000 of tax..."/>
Southern Michigan Bancorp, Inc. Announces Second Quarter 2016 Earnings
First National Corporation today reported earnings of $1.4 million and earnings per share of $0.29 for the second quarter ended June 30, 2016, a 30% increase compared to $1.1 million or $0.22 per share for the first quarter of 2016. Earnings for the second quarter of 2015 were $116 thousand or $0.02 per share. For the six months ended June 30, 2016, reported earnings totaled $2.5 million or $0.51 per share, compared to $331 thousand or $0.07 per share for..."/>
First National Corporation Announces 30% Increase in Earnings
Your Community Bankshares Inc disclosed on Tuesday that for the quarter ended 30 June 2016, its net income available to common shareholders was USD3.8m or USD0.68 per diluted share, stable compared to the net income of USD3.5m or USD0.64 per diluted share for the same quarter last year. The company's second quarter net interest income was USD13.0m, down from the net interest income of USD13.9m in the second quarter of 2015. This was due to both a decline in earning assets of..."/>
Your Community Bankshares reports stable net income for Q2 2016 over Q2 2015 and declares Q3 dividend of USD0.12 per share
Citizens Financial Group Inc priced an offering of USD350m total principal amount of 2.375% senior unsecured notes due 28 July 2021 at an issue price of 99.948%, it stated on Tuesday. The net proceeds together with available cash, will be used by the company to repurchase USD500m of its subordinated notes held by the Royal Bank of Scotland Group plc at present, under an agreement between both companies. Specifically, the company will retire USD334m of its 4.082% subordinated..."/>
Citizens Financial prices offering of USD350m of senior notes due 2021
Paragon Commercial Corp.' s net income for the second quarter totaled $3.5 million, up from $2.7 million a year ago. Net income per share totaled 75 cents, up 27 percent."/>
Paragon Bank's net income rises 31 percent [The News & Observer (Raleigh, N.C.)]
Veritex Holdings, Inc., the holding company for Veritex Community Bank, announced today the results for the quarter ended June 30, 2016. The Company reported net income of $3.2 million, or $0.29 diluted earnings per share, compared to $2.8 million, or $0.26 diluted EPS, for the quarter ended March 31, 2016 and $1.9 million, or $0.19 diluted EPS, for the quarter ended June 30, 2015.. Malcolm Holland, the Company’ s Chairman and Chief Executive Officer, said,“ I am excited..."/>
Veritex Holdings, Inc. Reports Second Quarter Financial Results
Home Bancorp, Inc., the parent company for Home Bank, N.A., reported net income of $4.0 million for the second quarter of 2016, an increase of $667,000, or 20%, compared to the first quarter of 2016 and an increase of $1.2 million, or 41%, compared to the second quarter of 2015. The second and first quarters of 2016 and the second quarter of 2015 include merger-related expenses, net of taxes, totaling $143,000, $398,000 and $232,000, respectively,..."/>
Home Bancorp Reports 2016 Second Quarter Results And Declares Quarterly Dividend
City Holding Company Announces Second Quarter Results
Alimera Sciences, a leader in the research,..."/>
Alimera Sciences Pre-Announces Record Second Quarter 2016 Revenue
T. Rowe Price Group, Inc. today reported its second quarter of 2016 results, including net revenues of $1.0 billion, net income of $195.3 million, and diluted earnings per common share of$. 76. As previously disclosed, the second quarter of 2016 results include a nonrecurring operating charge of $166.2 million related to the firm's decision to compensate certain clients in regard to the Dell appraisal rights matter. This nonrecurring charge..."/>
T. Rowe Price Group Reports Second Quarter 2016 Results
Ally Financial Inc. today reported its second quarter 2016 financial results. The news release, investor presentation and supplement can be accessed in the following ways:. Ally Financial Media Center at http://media.ally.com Ally Financial Investor Relations website at https://www.ally.com/about/investor/."/>
Ally Financial Reports Second Quarter 2016 Financial Results
First National Bank Alaska disclosed on Tuesday that for the second quarter of 2016, it recorded a net income of USD10.1m or USD31.93 per share, down from the net income of USD9.1m or USD28.41 per share for the same quarter in 2015.. Net interest and loan fee income, after provision for loan losses, increased 6.4% on volume growth and yield improvements in earning assets. Non-interest income and expense increased 0.7% and 0.7%, respectively."/>
First National Bank Alaska reports higher net income for Q2 2016 year over year
Northwest Bancshares Inc on Monday reported that for the quarter ended 30 June 2016, it recorded a net loss of USD7.0m or USD0.07 per diluted share, a decrease of USD22.3m compared to the net income of USD15.3m or USD0.17 per diluted share in the same quarter last year. The company stated that earnings for the second quarter includes a USD37.0m penalty for the prepayment of USD715.0m of Federal Home Loan Bank term borrowings which were replaced with lower-cost short-term..."/>
Northwest Bancshares reports net loss for Q2 2016 compared to net income in Q2 2015 and announces dividend of USD0.15 per share
FirstEnergy Corp. $393 million, and maybe more, to shore up the utility's credit rating. The plan is the third proposal in a rate case that began nearly two years ago and started as a way for the Akron-based utility to subsidize a pair of unprofitable power plants. Under the third plan, submitted and recommended June 29 by the PUCO staff, a new "distribution..."/>
PUCO hears 3rd rate plan testimony [The Blade, Toledo, Ohio]
Colliers International Group Inc. today reported strong financial results for its second quarter ended June 30, 2016. All amounts are in US dollars. Revenues for the second quarter were $482.5 million, an 18% increase relative to the same quarter in the prior year and Adjusted EBITDA was $52.8 million, up 18%."/>
Colliers International reports strong financial results for second quarter

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