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Provided by Accesswire Jan 29, 2021 1:30 PM UTC FAIRFAX, VA / ACCESSWIRE / January 29, 2021 / The Freedom Bank of Virginia (OTCQX:FDVA), (the "Bank" or "Freedom") today announced net income of $2,413,775, or $0.33 per diluted share, for the three months ended December 31, 2020. This compares to net income of $2,575,370 or $0.35 per diluted share, for the prior quarter and net income of $747,808 or $0.10 per diluted share for the three months ending December 31, 2019. The Bank reported net income of $7,364,476 or $1.01 per diluted share for the full year 2020 compared to net...

Carter Bankshares, Inc. Announces Fourth Quarter 2020 Financial Results MARTINSVILLE, VA / ACCESSWIRE / January 28, 2021 / Carter Bankshares, Inc. (the "Company") (NASDAQ:CARE) today announced net income of $2.9 million, or $0.11 diluted earnings per share, for the fourth quarter of 2020 as compared to a net loss of $57.7 million, or $2.19 per share, in the third quarter of 2020 due to a one-time goodwill impairment charge of $62.2 million that was recorded in the third quarter of 2020. Excluding this one-time charge, net income in the third quarter of 2020 was $4.5 million as compared to net...

Share this article GLENS FALLS, N.Y., Jan. 28, 2021 /PRNewswire/ -- Arrow Financial Corporation (NasdaqGS ® – AROW) announced operating results for the three- and 12-month periods ended December 31, 2020. For the fourth quarter of 2020, net income was $12.5 million, an increase of $2.8 million, or 28.3%, from the fourth quarter of 2019. For the year ended December 31, 2020, net income was a record $40.8 million, up 8.9% over net income of $37.5 million for 2019. Diluted EPS was $0.81 for the fourth quarter, up 28.6% from $0.63 from the comparable 2019 quarter, and $2.64 for 2020, up 8.5% ...

(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...

Trinity Bank N.A.: Trinity Bank Reports 2020 4th Quarter Net Income of $1,246,000 and Full Year Net Income of $4,716,000 YTD Return on Equity 12.69% FORT WORTH, TX / ACCESSWIRE / January 27, 2021 / Trinity Bank N.A. (OTC PINK:TYBT) today announced operating results for the fourth quarter and the twelve months ending December 31, 2020. Results of Operation For the fourth quarter 2020, Trinity Bank, N.A. reported Net Income after Taxes of $1,246,000, an increase of 2.1% over fourth quarter 2019 earnings of $1,220,000. Earnings per diluted common share for the fourth quarter 2020 amounted to $1....