Heritage Commerce Corp (HTBK), the holding company for Heritage Bank of Commerce, today announced fourth quarter 2022 net income increased 49% to $20.8 million, or $0.34 per average diluted common share, compared to $14.0 million, or $0.23 per average diluted common share, for the fourth quarter of 2021, and increased 15% from $18.1 million, or $0.30 per average diluted common share, for the third qua...
Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $28.8 million, or $6.13 per share, for the year ended December 31, 2022, compared to $26.4 million, or $5.64 per share, for the year ended December 31, 2021.
Brean Capital, LLC announced the hiring of Municipal Bond veterans Bill Mangan, Greg Swanson and John Paskalides as Managing Directors in the fixed income division. Prior to joining Brean, Bill Mangan was a Managing Director of Citi Global Markets, Institutional Sales, with over 30 years of experience.
Heritage Commerce Corp (HTBK), the holding company for Heritage Bank of Commerce, today announced third quarter 2022 net income of $18.1 million, or $0.30 per average diluted common share, compared to $13.7 million, or $0.23 per average diluted common share, for the third quarter of 2021, and $14.8 million, or $0.24 per average diluted common share, for the second quarter of 2022.
NOTABLE ITEMS FOR THE QUARTER INCLUDE: WOODBRIDGE, N.J., Oct. 26, 2022 -- Northfield Bancorp (NFBK), INC.,?the holding company for Northfield Bank, reported net income of $17.0 million, or $0.37, per diluted share for the three months ended September 30, 2022, as compared to $15.9 million, or $0.34 per diluted share for the three months ended June?30, 2022, and $16.1 million, or $0.33 per diluted shar...
First Northwest Bancorp CEO Commentary ?Our commercial bank delivered once again this quarter as we achieved record net interest income, thanks to prudent loan growth and increasing yields,? said Matthew P. Deines, President and CEO of First Northwest Bancorp (FNWB). The Board of Directors of First Northwest Bancorp (FNWB) declared a quarterly cash dividend of?$0.07 per common share.
Chemung Financial Corporation (CHMG), the parent company of Chemung Canal Trust Company, today reported net income of $6.5 million, or $1.37 per share, for the third quarter of 2022, compared to $6.6 million, or $1.42 per share, for the third quarter of 2021.
SOLVE Advisors, Inc., a market data platform provider for fixed income securities, today announced that it has acquired Lumesis. Industry-leading firms today trust SOLVE to reduce the risk of having incomplete or stale price data and save hundreds of hours in pre- and post-trade research and validation. ?We are thrilled to welcome the Lumesis team into the SOLVE family.
In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.
Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.
Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.
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