First Financial Bankshares Announces First Quarter 2021 Earnings
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ABILENE, Texas, April 22, 2021 /PRNewswire/ First Financial Bankshares, Inc. (NASDAQ: FFIN) today reported earnings for the first quarter of 2021 of $56.92 million, up $19.69 million or 52.87 percent, when compared with earnings of $37.23 million in the same quarter a year ago. Diluted earnings per share were $0.40 for the first quarter of 2021 compared with $0.26 in the same quarter a year ago. We are extremely pleased that last year we did not look at the pandemic as a hurdle to performance, but we looked at it as an opportunity to be here and serve our customers. This created a great deal of momentum which maximized earnings last year and has rolled right into the first quarter this year. During the quarter, the Company had an organic asset growth of $1.20 billion driven by loan growth of $103.38 million, net of PPP and held-for-sale loans, and deposi
Chemung Financial Corporation Reports First Quarter 2021 Net Income of $6.5 million, or $1.39 per Share
ELMIRA, N.Y., April 22, 2021 (GLOBE NEWSWIRE) Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $6.5 million, or $1.39 per share, for the first quarter of 2021, compared to $2.5 million, or $0.51 per share, for the first quarter of 2020.
“I am pleased to report earnings of $6.5 million, or $1.39 per share, for the first quarter of 2021, the second highest in the near 188-year history of our Company,” according to Anders M. Tomson, President and CEO of Chemung Financial Corporation. “We began the year continuing to support our customers as the next phase of the Paycheck Protection Program launched early in the quarter, and, we assisted with the forgiveness process for others. Additionally we facilitated the dispersal of over 20,000 Economic Impact Payment ch
The state s revenue picture is projected to brighten slightly, giving Republican lawmakers more ammo in pursuing a range of potential spending items in the weeks to come most notably a series of tax cuts long coveted by conservatives.
The twice-annual updates to the state s fiscal forecast announced Tuesday showed Kansas budget and economic standing improving after the COVID-19 pandemic, although officials cautioned it has not yet reached pre-pandemic levels. We certainly are progressing with cautious optimism, Adam Proffitt, director of the budget office, said. We think there is reason for optimism. The economy, certainly, is showing signs of improvement.
Gov. Laura Kelly echoed that sentiment in a statement, saying the figures were encouraging but noted the state was not yet out of the woods.
Davie State Rep. Howard Stripped Of Chairmanship Amid Relief Loan Spat by Associated Press
4:44pm Apr 20, 2021 State Rep. Julia Howard, R-Davie (standing, left) with other Republicans on the House floor in the 2020 session. (AP Photo/Gerry Broome)
The current longest-serving member of the North Carolina House was stripped Tuesday of her chairmanship on the powerful House Finance Committee.
Speaker Tim Moore removed 17-term Rep. Julia Howard of Mocksville from the tax-policy committee and placed her on the Appropriations Committee, according to a document from the House Clerk s Office initialed by Moore.
Howard and Moore, both Republicans, have been in an unusually public feud in recent days over tax legislation. In an emailed statement, Moore and two other House Republican leaders said Howard was removed because she had failed to move the measure expeditiously through the committee against the will of the chamber s GOP caucus, even though she opposed the