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27.01.2022 - Alerus Financial Corporation (Nasdaq: ALRS) reported net income of $12.7 million for the fourth quarter of 2021, or $0.72 per diluted common share, compared to net income of $13.1 million, or $0.74 per diluted common share, for the third quarter of ...
Sponsored Links Earlier this week, General Motors very healthy Q1 2021 earnings. The results were headlined by $3 billion in income on $32.5 billion in revenue. A good chunk of those earnings came from The General’s captive finance arm, GM Financial, and it’s worth taking a closer look at the division’s performance. Overall, GM Financial posted $1.2 billion Earnings Before Taxes (EBT)-adjusted, which represents a 27.3 percent Return on Average Tangible Common Equity. That is a significant improvement over the $0.2 billion in EBT-adjusted and 14.3 percent return in the year-ago quarter. ...
(1) Core operating results are a non-GAAP measure used by management to measure performance in operating the business that management believes enhances investors' ability to better understand the underlying business performance and trends related to core business activities. A full reconciliation of non-GAAP financial measures can be found at the end of the financial statements which accompany this release. (2) Reserve build/(release) represents the net change in the Company's allowance for credit losses (ACL) from the prior period. Financial results Net income of $39.8 m...
(1) Core operating results are a non-GAAP measure used by management to measure performance in operating the business that management believes enhances investors' ability to better understand the underlying business performance and trends related to core business activities. A full reconciliation of non-GAAP financial measures can be found at the end of the financial statements which accompany this release. (2) Reserve build/(release) represents the net change in the Company's allowance for credit losses (ACL) from the prior period. Fourth Quarter 2020 Highlights Financial results...
AmeriServ Financial Reports Earnings For The Fourth Quarter And Full Year Of 2020 And Announces Quarterly Common Stock Cash Dividend News provided by Share this article Share this article JOHNSTOWN, Pa., Jan. 26, 2021 /PRNewswire/ -- AmeriServ Financial, Inc. (NASDAQ: ASRV) reported fourth quarter 2020 net income of $692,000, or $0.04 per diluted common share. This earnings performance represents a $23,000, or 3.4%, increase from the fourth quarter of 2019 when net income totaled $669,000, or $0.04 per diluted common share. For the year ended December 31, 2020, the Company reported net ...