Industry News

Lakeland Bancorp, Inc. reported the following results for the quarter ended June 30, 2016:. Net income in the second quarter of 2016 was $10.1 million, 29% higher than the $7.9 million for the same period in 2015. Excluding merger related expenses of $0.6 million after tax, pertaining to the Company’ s acquisitions of Pascack Bancorp, Inc., which closed on January 7, 2016, and Harmony Bank, which closed on July 1, 2016, net income for the second quarter of 2016..."/>
Lakeland Bancorp Reports Strong Earnings and Closes Harmony Acquisition
First Financial Northwest, Inc., the holding company for First Financial Northwest Bank, today reported net income for the quarter ended June 30, 2016, of $1.4 million, or $0.11 per diluted share, compared to net income of $1.8 million, or $0.14 per diluted share, for the quarter ended March 31, 2016, and $2.4 million, or $0.17 per diluted share, for the quarter ended June 30, 2015. In the first six months of 2016, net income was $3.3 million, or $0.26 per diluted..."/>
First Financial Northwest, Inc. Reports Second Quarter Net Income of $1.4 Million or $0.11 per Diluted Share
Sun Life Financial Inc. is teaming up with BEYOND TYPE 1 to provide select community members of the Canadian Diabetes Association and JDRF Quebec living with diabetes the once in a lifetime chance to meet singer/songwriter Nick Jonas. "I'm thrilled to join forces with Sun Life Financial in the fight against diabetes and encourage people living with this disease to follow their dreams and live beyond their diagnosis," said Nick Jonas, co-founder, BEYOND..."/>
Nick Jonas and Sun Life Financial provide select members of the diabetes community the opportunity to meet their pop icon
Tompkins Financial Corporation. Tompkins Financial Corporation announced today that its Board of Directors approved payment of a regular quarterly cash dividend of $0.44 per share, payable on August 15, 2016, to common shareholders of record on August 2, 2016.. Tompkins Financial Corporation is a financial services company serving the Central, Western, and Hudson Valley regions of New York and the Southeastern region of Pennsylvania."/>
Tompkins Financial Corporation Reports Cash Dividend
State Bank Corp., the holding company for Mohave State Bank, today announced net income increased 39.1% to $974,000, or $0.17 per diluted share, for the second quarter ended June 30, 2016, compared to $700,000, or $0.12 per diluted share, in the first quarter of 2016, and increased 26.2% compared to $772,000, or $0.13 per diluted share, for the second quarter of 2015.. For the first six months of 2016, net income grew 15.2% to $1.67 million, or $0.29..."/>
State Bank Corp. Earnings Increase 39% to $974,000, or $0.17 per Share, in 2Q16 from 1Q16
Tompkins Financial Corporation. Tompkins Financial Corporation announced today that its Board of Directors has authorized a new stock repurchase program of up to 400,000 shares of the company's outstanding common stock, par value $0.10 per share. This program replaces the company's existing 400,000 share repurchase program announced on July 25, 2014.."/>
TOMPKINS FINANCIAL CORPORATION Announces New Stock Repurchase Program
Tompkins Financial Corporation. Tompkins Financial Corporation reported net income of $14.6 million for the quarter, and $28.8 million for the year to date period ended June 30, 2016, down $2.8 million and $1.3 million, respectively, from the same period in 2015. Prior year results included a non-recurring curtailment gain of $3.6 million after tax related to changes to the Company’ s pension plan, which was recognized in the second quarter of 2015.."/>
Tompkins Financial Corporation Reports Second Quarter Earnings
Rayonier Inc. announced today that the company’ s board of directors has declared a third quarter cash dividend of $0.25 per common share. The dividend is payable on September 30, 2016, to shareholders of record on September 16, 2016.. Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand."/>
Rayonier Announces Third Quarter 2016 Dividend
Bank of the Ozarks Inc revealed on Friday that the merger of C1 Financial Inc with and into the company, was closed effectively on 21 July 2016.. Simultaneous, C1's wholly-owned bank subsidiary, C1 Bank merged with and into the company's wholly-owned bank subsidiary, Bank of the Ozarks and the company mentioned that this is its fifteenth acquisition since March of 2010. Also, C1 had about USD1.7bn of total assets, USD1.4bn of loans and USD1.3bn of deposits, as of 30 June 2016.."/>
Bank of the Ozarks closes its merger with C1 Financial
Civista Bancshares, Inc. reported net income attributable to common shareholders of $4.8 million, or $0.47 per diluted share, for the second quarter of 2016, compared with $2.7 million, or $0.29 per diluted share, for the prior year period. For the six-month period ended June 30, 2016, Civista reported net income available to common shareholders of $9.1 million or $0.91 per diluted share, compared to $5.5 million, or $0.58 per diluted share,..."/>
Civista Bancshares, Inc. Announces Second Quarter 2016 Earnings
White goods price war on the high street [Daily Mail, London]
Arbor Realty Trust, Inc., today announced that it is scheduled to release second quarter 2016 financial results before market open on Friday, August 5, 2016. The Company will also host a conference call to review the results at 10:00 am ET on August 5th.. A live webcast of the conference call will be available at http://www.arborrealtytrust.com in the investor relations section of the Company’ s website."/>
Arbor Realty Trust Schedules Second Quarter 2016 Earnings Conference Call
Cigna Corp. by Anthem Inc. could be dead following a decision announced Thursday by the U.S. Department of Justice challenging the deal in federal court, two industry analysts said. But a separate $37 billion acquisition sought by Aetna Inc. of Humana Inc. could still go through, although Hartford-based Aetna may be forced to give up more of its business to win federal approval."/>
What's Next After Feds Move To Block Insurance Mergers? [The Hartford Courant]
Sierra Bancorp, parent of Bank of the Sierra, today announced that its Board of Directors has declared a regular quarterly cash dividend of $0.12 per share, the same as the dividend paid last quarter but 9% higher than the per-share dividend paid a year ago. The dividend was approved subsequent to the Board's review of the Company's financial performance and capital strength for the quarter ended June 30, 2016. It will be paid on August..."/>
Sierra Bancorp Declares Quarterly Cash Dividend
OFS Capital Corporation, a business development company, announced today that, prior to the opening of the stock market on Friday, August 5, 2016, it will issue a press release announcing its second quarter 2016 earnings results. A conference call is scheduled for later that day at 11:00 a.m. Eastern Time. Bilal Rashid, Chairman& Chief Executive Officer, will host the call, along with Jeffrey Cerny, Chief Financial Officer& Treasurer."/>
OFS Capital Corporation Announces Date for Its Second Quarter 2016 Earnings Release and Conference Call

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