Category: Business

Business News from around the world.

First Northern Community Bancorp Reports Second Quarter 2021 Net Income of $3.3 Million, Up 22.2% from One Year Ago

DIXON, Calif.–(BUSINESS WIRE)–First Northern Community Bancorp (the “Company,” OTCQB: FNRN), holding company for First Northern Bank (“First Northern” or the “Bank”), today reported net income of $6.5 million, or $0.47 per diluted share, for the six months ended June 30, 2021, up 20.4% compared to net income of $5.4 million, or $0.40 per diluted share, …

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Silvergate Announces Pricing of $200 Million Depositary Shares Offering

LA JOLLA, Calif.–(BUSINESS WIRE)–Silvergate Capital Corporation (“Silvergate” or the “Company”) announced today the pricing of a public offering of 8,000,000 depositary shares, each representing 1/40th ownership interest in a share of its 5.375% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A, for gross proceeds of $200 million. Each share of preferred stock has a liquidation …

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National Capital Bancorp, Inc. Reports Second Quarter Earnings

WASHINGTON–(BUSINESS WIRE)–National Capital Bancorp, Inc. (the “Company”) (OTC Pink: NACB), the holding company for The National Capital Bank of Washington (“NCB” or the “Bank”) reported net income of $1,164,000, or $4.06 per common share, for the three months ended June 30, 2021, compared to net income of $357,000 or $1.25 per common share, for the …

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GreenSky, Inc. Reports Record Net Income and Adjusted EBITDA; Raises Full Year Net Income and Adjusted EBITDA Guidance

Revenue of $136.5 million Net Income of $46.7 million; Diluted EPS of $0.22 Adjusted EBITDA of $60.8 million with an Adjusted EBITDA Margin of 45% ATLANTA–(BUSINESS WIRE)–$GSKY–GreenSky, Inc. (NASDAQ: GSKY), a leading financial technology company Powering Commerce at the Point of Sale®, reported financial results today for the second quarter ended June 30, 2021. “GreenSky …

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Customers Bancorp Reports Second Quarter 2021 Results

Record Net Income of $58.0 million, or $1.72 Per Diluted Share, ROAA of 1.27% and ROCE of 23.22% Top 5 Bank PPP Lender in U.S. by Loan Count ~325,000 Loans Funded Totaling $9.5 billion ~$335 million of Deferred Origination Fees Earned Tangible Book Value Increased 29% over Q2 2020  Q2 2021 net income available to …

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Starboard Value Acquisition Corp. Announces Stockholder Approval of Business Combination with Cyxtera Technologies, Inc.; Record Date Announcement for Warrant Distribution

Class A Common Stock of the Combined Company Expected to Begin Trading on Nasdaq Under the Symbol “CYXT” on July 30, 2021 NEW YORK–(BUSINESS WIRE)–Starboard Value Acquisition Corp. (“SVAC”) (NASDAQ: SVAC), a U.S. publicly-traded special purpose acquisition company, today announced that its stockholders voted to approve the previously announced business combination (the “Business Combination”) with …

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CORRECTING and REPLACING MBIA Inc. Investor Conference Call to Discuss Second Quarter Financial Results Scheduled for Thursday, August 5 at 8:00 A.M. Eastern Time

PURCHASE, N.Y.–(BUSINESS WIRE)–Please replace the release with the following corrected version. The updated release reads: MBIA INC. INVESTOR CONFERENCE CALL TO DISCUSS SECOND QUARTER FINANCIAL RESULTS SCHEDULED FOR THURSDAY, AUGUST 5 AT 8:00 A.M. EASTERN TIME MBIA Inc. (NYSE:MBI) will host a webcast and conference call for investors on Thursday, August 5 at 8:00 a.m. …

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OFG Bancorp Announces New Share Repurchase Program of $50 Million

SAN JUAN, Puerto Rico–(BUSINESS WIRE)–OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG’s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board. About OFG Bancorp Now …

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AMERISAFE Announces 2021 Second Quarter Results

Reports Combined Ratio of 74.4% DERIDDER, La.–(BUSINESS WIRE)–AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced results for the second quarter ended June 30, 2021. Three Months Ended Six Months Ended June 30, June 30, 2021 2020 % Change 2021 2020 % Change (in thousands, except …

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CURO Group Holdings Corp. Announces Second Quarter 2021 Financial Results

WICHITA, Kan.–(BUSINESS WIRE)–CURO Group Holdings Corp. (NYSE: CURO) (“CURO” or the “Company”), a tech-enabled, omni-channel consumer finance company serving a full spectrum of non-prime and prime consumers in the U.S. and Canada, today announced financial results for its second quarter ended June 30, 2021. “The second quarter was very busy for us as we made …

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ASGN Incorporated Reports Second Quarter 2021 Results

Financial Results Exceed Guidance Estimates RICHMOND, Va.–(BUSINESS WIRE)–ASGN Incorporated (NYSE: ASGN), one of the foremost providers of (IT) and professional services in the technology, digital, and creative fields across the commercial and government sectors, reported financial results for the quarter ended June 30, 2021. Financial results for all periods included in this release present the …

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Universal Insurance Holdings Reports Second Quarter 2021 Results

2Q21 total revenue up 10.5% to $279.2 million 2Q21 direct premiums written up 17.0% 2Q21 diluted GAAP earnings per share (“EPS”) of $0.70, non-GAAP adjusted EPS1 of $0.65 2Q21 combined ratio of 97.3% 2Q21 annualized return on average equity of 18.7% Florida primary average rate increase of 14.9% for UPCIC filed during 2Q21 FORT LAUDERDALE, …

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Molina Healthcare Reports Second Quarter 2021 Financial Results

Increases Full Year 2021 Earnings Guidance LONG BEACH, Calif.–(BUSINESS WIRE)–Molina Healthcare, Inc. (NYSE: MOH) (the “Company”) today reported second quarter of 2021 GAAP earnings per diluted share of $3.16 and adjusted earnings per diluted share of $3.40. Financial results are summarized below:     Quarter ended   Six months ended   June 30,   June …

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Annaly Capital Management, Inc. Reports 2nd Quarter 2021 Results

NEW YORK–(BUSINESS WIRE)–Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced its financial results for the quarter ended June 30, 2021. Financial Highlights GAAP net income (loss) of ($0.23) per average common share for the quarter Earnings available for distribution (“EAD”) (formerly core earnings (excluding PAA)) of $0.30 per average common share …

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Everest Re Group Reports Second Quarter 2021 Results

Net Income of $680 Million 35% Growth in Gross Written Premium with an 89.3% Combined Ratio HAMILTON, Bermuda–(BUSINESS WIRE)–Everest Re Group, Ltd. (“Everest” or the “Company”) today reported its 2021 second quarter results. Second Quarter 2021 Highlights Net income of $680 million equal to $16.95 per share Net operating income of $587 million, equal to …

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