Industry News

Consistent performance from HDFC [Mint, New Delhi]
HSBC Holdings Plc.. India needs to generate a total of 80 million jobs by 2025, double that in the last 10 years. Taking into account both demand and supply of jobs, existing labour-intensive sectors like agriculture and services may not be able to meet..."/>
Flipkarts of India to help create 'missing jobs': HSBC report [Mint, New Delhi]
State Bank of India, the country's largest lender, to not spend 2% of its profit on CSR till the stress in the financial sector eases, according to the bank's chief executive. "We are a statutory corporation and as a result we have to take RBI's consent to be able to meet 2%."/>
RBI asked SBI to rein in CSR spending: Arundhati Bhattacharya [Mint, New Delhi]
Bank of India on Wednesday said it has penalized 13 banks in response to a foreign exchange scam that took place in October. "This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank and its customers," the central bank said in a statement on its website. The 13 banks include Allahabad Bank, Bank of India, Bank of Baroda, Canara Bank, Corporation..."/>
RBI penalizes 13 banks in foreign exchange scam [Mint, New Delhi]
Yes Bank Ltd's fiscal first-quarter profit rose 33% from a year ago on higher net interest income and other income. Net profit rose to Rs.731.80 crore in the three months ended on 30 June from Rs.551.20 crore a year ago. That beat the average profit estimate of Rs.700.40 crore based on a survey of 21 analysts by Bloomberg."/>
Yes Bank Q1 profit rises 32% to Rs731 crore [Mint, New Delhi]
Landmark Infrastructure Partners LP announced today that the board of directors of its general partner declared a cash distribution of $0.3325 per common unit, or $1.33 per common unit on an annualized basis, for the quarter ended June 30, 2016. This quarter’ s cash distribution, which represents a 15.7% increase over the minimum quarterly distribution and a 0.8% increase compared to the first quarter 2016 distribution of $0.33 per unit, marks the..."/>
Landmark Announces 6th Consecutive Quarterly Distribution Increase; Schedules Second Quarter 2016 Earnings Release and Conference Call
Nasdaq MarketSite in Times Square. Comics Uniting Nations aims to bring the messages of sustainable development to the children of the world through the universal visual language and transformative power of comics. In honor of the occasion, Mr."/>
Comics Uniting Nations and UNICEF To Ring The Nasdaq Stock Market Opening Bell
Sussex Bancorp, the holding company for Sussex Bank, today announced a 26.3% increase in net income per diluted common share to $0.24 for the quarter ended June 30, 2016 as compared to $0.19 for the same period last year. Also, the Company announced a 45.0% increase in net income per diluted common share to $0.58 for the six months ended June 30, 2016 as compared to $0.40 for the same period last year. For the quarter ended June 30, 2016, the Company reported..."/>
Sussex Bancorp Reports Strong EPS Driven by Loan and Deposit Growth for the Second Quarter
Pennsylvania Real Estate Investment Trust plans to close most of the still-operating portions of the Gallery at Market East shopping mall before the end of the summer to work on the property's redevelopment. The closure is to come as PREIT nears completion of demolition work in the already-shuttered section of the mall between Eighth and 10th Streets along, chief executive Joseph Coradino said during a conference call with analysts Wednesday."/>
Remainder of Gallery set to close by summer's end, PREIT CEO says [The Philadelphia Inquirer]
AB Statement On Visium Transaction
New Residential Investment Corp. announced today that it will release its second quarter financial results for the period ended June 30, 2016 on Tuesday, August 2, 2016 prior to the opening of the New York Stock Exchange. In addition, management will host a conference call on Tuesday, August 2, 2016 at 8:00 A.M. Eastern Time. A copy of the earnings release will be posted to the Investor Relations section of New Residential’ s website, www.newresi.com."/>
New Residential Schedules Second Quarter 2016 Earnings Release and Conference Call
Hannon Armstrong Sustainable Infrastructure Capital, Inc., a leading provider of debt and equity financing to the efficiency, wind and solar markets, today announced that the Company will release its second quarter 2016 results after the market close on Wednesday, August 3, 2016, to be followed by a conference call at 5:00 p.m.. The conference call can be accessed live over the phone by dialing 1-800-992-7415, or for international..."/>
Hannon Armstrong Sustainable Infrastructure Capital, Inc. Announces Second Quarter 2016 Earnings Release Date and Conference Call
Public Storage announced today operating results for the three and six months ended June 30, 2016.. Operating Results for the Three Months Ended June 30, 2016. For the three months ended June 30, 2016, net income allocable to our common shareholders was $280.8 million or $1.61 per diluted common share, compared to $263.9 million or $1.52 in 2015 representing an increase of $16.9 million or $0.09."/>
Public Storage Reports Results for the Three and Six Months Ended June 30, 2016
BOK Financial Corp. on Wednesday reported a second-quarter profit of $65.8 million, or $1 a share, on record fees and commissions revenues. The profit was down from $79.2 million, or $1.15 a share, in the second quarter of 2015 as an increase in operating expenses offset the revenue gains. "We saw some improvement in credit costs related to our energy portfolio as energy prices stabilized in the second quarter," CEO Steven G. Bradshaw told The..."/>
BOK reports $66 million quarterly profit [The Oklahoman, Oklahoma City]
FS Bancorp, Inc., the holding company for 1st Security Bank of Washington today reported 2016 second quarter net income of $2.8 million, or $0.96 per diluted share, unchanged from the prior year net income of $2.8 million, or $0.93 per diluted share, for the same period.. “Strong loan growth in the second quarter resulted in the successful deployment of the liquidity received in connection with the purchase of four retail branch locations on the..."/>
FS Bancorp, Inc. Reports Net Income for the Second Quarter of $2.8 million or $0.96 Per Diluted Share and Fourteenth Consecutive Quarterly Cash Dividend
IBERIABANK Corporation, holding company of the 129- year-old IBERIABANK, reported financial results for the second quarter ended June 30, 2016. For the quarter, the Company reported income available to common shareholders of $50.0 million, or $1.21 fully diluted earnings per common share. On a non-GAAP basis, EPS excluding non-core revenues and non-core expenses in the second quarter of 2016 was $1.18 per common share."/>
IBERIABANK Corporation Reports Second Quarter Results
Ohio Valley Banc Corp. reported consolidated net income for the quarter ended June 30, 2016, of $1,706,000, an increase of 21.0 percent from the $1,410,000 earned for the second quarter of 2015. Earnings per share for the second quarter of 2016 were$. 41 compared to$. 34 for the prior year second quarter. For the six months ended June 30, 2016, net income totaled $4,538,000, a 9.9 percent decrease from net income of $5,034,000 for the six..."/>
Ohio Valley Banc Corp. Reports 2nd Quarter Earnings

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