Solid investment performance, with 72%, 64%, 67% and 86% of assets under management (‘AUM’) outperforming relevant benchmarks on a one-, three-, five- and 10-year basis, respectively, as at 30 September 2021 Third quarter 2021 operating income was US$248.3 million; third quarter 2021 adjusted operating income of US$253.0 million increased 56% compared to the same period …
Category: Business
Business News from around the world.
Blackstone Secured Lending Fund Prices Initial Public Offering
NEW YORK–(BUSINESS WIRE)–Blackstone Secured Lending Fund (“BXSL”), a business development company externally managed by Blackstone Credit BDC Advisors LLC, today announced that it priced its initial public offering of 9,180,000 of its common shares at $26.15 per share. BXSL’s common shares are expected to begin trading on the New York Stock Exchange on October 28, …
Affinity Bancshares, Inc Announces Third Quarter 2021 Financial Results
COVINGTON, Ga.–(BUSINESS WIRE)–Affinity Bancshares, Inc. (NASDAQ:“AFBI”), (the “Company”), the holding company for Affinity Bank (the “Bank”), today announced net income of $1.8 million for the three months ended September 30, 2021 as compared to $1.9 million for the corresponding prior year period. For the nine months ended September 30, 2021, the Company reported net …
120-Unit Community in Fairfield, CA Sold by The Mogharebi Group
FAIRFIELD, Calif.–(BUSINESS WIRE)–#Apartment—The Mogharebi Group, (“TMG”) has completed the sale of Elements@1600, a 120-unit multifamily community located on Travion Court in Fairfield, CA. The property sold with multiple offers for a sale price of $30,000,000, which equates to approximately $250,000 per unit or $299 per square foot. The buyer was a private investor based in …
First Northern Community Bancorp Reports Third Quarter 2021 Net Income of $4.5 Million, Up 31.7% 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 $11.0 million, or $0.81 per diluted share, for the nine months ended September 30, 2021, up 24.8% compared to net income of $8.8 million, or $0.65 per diluted share, …
ADDING and REPLACING Spiketrap and Rival Technologies Partnership Accelerates Insights for Market Research Industry
AI-Powered Contextualization Revolutionizes Qualitative Research and Provides Deeper Insights at Scale SAN FRANCISCO–(BUSINESS WIRE)–#AI–Add after third paragraph: “Spiketrap’s AI has been extensively trained to analyze unstructured user-generated content, making it uniquely equipped to accurately contextualize open-ended responses,” stated Andrea Vattani, co-founder and Chief Scientist at Spiketrap. “We are thrilled to partner with Rival Technologies to …
Ricardo Signs a £2.3m Contract to Provide Technical Oversight for Taipei’s New Metro Route
Experts will ensure ‘Light Green’ line meets highest quality and safety standards. LONDON–(BUSINESS WIRE)–Ricardo is pleased to announce it has been appointed by the Taipei City Government to provide Independent Verification and Validation (IV&V) services for Phase Two of the Wanda–Shulin line, a driverless metro route under construction in Taipei, Taiwan, for a total of …
Nonprofit Receives $16K Grant from Home Bank and FHLB Dallas
Banks Award Funds to New Orleans Housing Foundation NEW ORLEANS–(BUSINESS WIRE)–Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) partnered to award $16,000 to New Orleans Neighborhood Development Foundation (NDF), a community-based organization (CBO) founded in 1986 to help low- to moderate-income individuals and families build wealth through homeownership. The entities celebrated …
KBRA Assigns Preliminary Ratings to Stellar Jay Ireland DAC and Stellar Jay US, LLC
NEW YORK–(BUSINESS WIRE)–#KBRA–Kroll Bond Rating Agency (KBRA) assigns preliminary rating to three series of notes for Stellar Jay Ireland DAC and Stellar Jay US, LLC, an aviation ABS transaction. This transaction is sponsored by Avenue Capital Group and is serviced by Deucalion Aviation Limited. Proceeds from the Notes will be used to acquire a portfolio …
Mississippi Nonprofit Receives $10K in Partnership Grant Program Funds
Home Bank and FHLB Dallas Award Funds for Operational Costs NATCHEZ, Miss.–(BUSINESS WIRE)–Natchez-Adams County Habitat for Humanity (Natchez-Adams Habitat) received a $10,000 Partnership Grant Program (PGP) award from Home Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) at a ceremonial check presentation this week. The organization will use the funds to cover …
Logistics Property Co. Announces Development of a 1.09 Million-Square-Foot Logistics Park in Newark, Del.
Strategic hub off Interstate 95 adjacent to the burgeoning Southern N.J. and Philadelphia markets CHICAGO–(BUSINESS WIRE)–#acquisition–Logistics Property Company, LLC (LPC) announces the acquisition and development of First State Logistics (First State) in New Castle County, Del. The 149-acre parcel will be home to a logistics park incorporating three, 40-foot clear, Class A modern logistics facilities …
REPAY to Announce Third Quarter 2021 Results on November 9, 2021
ATLANTA–(BUSINESS WIRE)–Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today announced that the Company will host a conference call to discuss third quarter 2021 financial results on Tuesday, November 9, 2021 at 5:30pm ET. Hosting the call will be John Morris, CEO, and Tim Murphy, CFO. A …
AMERISAFE Declares Special Dividend of $4.00 Per Share and Regular Quarterly Dividend
DERIDDER, La.–(BUSINESS WIRE)–AMERISAFE, Inc. (Nasdaq: AMSF), a specialty provider of workers’ compensation insurance focused on high hazard industries, today announced that its Board of Directors had declared a special cash dividend of $4.00 per share. The special cash dividend will be payable on November 17, 2021 to shareholders of record as of November 10, 2021. …
AMERISAFE Announces 2021 Third Quarter Results
Reports Combined Ratio of 71.5% Declares an Extraordinary Dividend of $4.00 Per Share 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 third quarter ended September 30, 2021. Three Months Ended Nine Months Ended September 30, …
Butterfield Reports Third Quarter 2021 Results
Financial highlights for the third quarter of 2021: Net income of $39.8 million, or $0.80 per share, and core net income1 of $40.0 million, or $0.80 per share Return on average common equity of 16.2% and core return on average tangible common equity1 of 17.9% Board declares dividend for the quarter ended September 30, 2021 …
Bankwell Financial Group Reports Record Net Income for the Third Quarter; Declares Fourth Quarter Dividend; and Authorizes an Additional 200 Thousand Shares for Its Share Repurchase Program
NEW CANAAN, Conn.–(BUSINESS WIRE)–Bankwell Financial Group, Inc. (NASDAQ: BWFG) reported record GAAP net income of $6.9 million, or $0.87 per share, for the third quarter of 2021, versus $3.0 million, or $0.38 per share, for the same period in 2020. The Company’s Board of Directors declared an $0.18 per share cash dividend, payable November 22, …
Empire State Realty Trust Announces Third Quarter 2021 Results
– Earnings of ($0.04) Per Fully Diluted Share – Core FFO of $0.20 Per Fully Diluted Share – – Observatory Recovery and Continued Expense Discipline – – $1.4 Billion of Liquidity, No Outstanding Debt Maturity Through 2024 – NEW YORK–(BUSINESS WIRE)–Empire State Realty Trust, Inc. (NYSE: ESRT) (the “Company”), a real estate investment trust …
KKR Real Estate Finance Trust Inc. Announces Public Offering of Common Stock
NEW YORK–(BUSINESS WIRE)–KKR Real Estate Finance Trust Inc. (“KREF”) (NYSE: KREF) today announced that it has agreed to issue and sell in an underwritten public offering 5,000,000 shares of its common stock. The underwriters have been granted a 30-day option to purchase an additional 750,000 shares. KREF intends to use the net proceeds from the …
Getty Realty Corp. Announces Third Quarter 2021 Results
– Increases 2021 Annual Guidance – NEW YORK–(BUSINESS WIRE)–Getty Realty Corp. (NYSE: GTY) (“Getty” or the “Company”) announced today its financial results for the quarter ended September 30, 2021. Third Quarter Highlights Net earnings of $0.30 per share Funds From Operations (“FFO”) of $0.48 per share Adjusted Funds From Operations (“AFFO”) of $0.50 per share …
Moelis & Company Reports Record Third Quarter and First Nine Months 2021 Financial Results; Declares Special Dividend of $2.50 Per Share in Addition to Regular Quarterly Dividend of $0.60 Per Share
Record Third Quarter and First Nine Months Revenues and Earnings Per Share For the third quarter and first nine months of 2021, GAAP revenues were $490.8 million and $1,115.6 million, respectively Adjusted revenues for the third quarter of 2021 were $515.9 million, up 149% from the third quarter of 2020 and represent the largest quarter …