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Old Point Releases First Quarter 2021 Results News provided by Share this article Share this article HAMPTON, Va., April 27, 2021 /PRNewswire/ -- Old Point Financial Corporation (the Company or Old Point) (NASDAQ "OPOF") reported net income of $3.0 million, which represents an increase of $1.8 million, or 141%, as compared to net income of $1.3 million for the first quarter of 2020. Earnings per diluted common share was $0.58 and $0.24 for the quarters ended March 31, 2021 and 2020, respectively. Robert Shuford, Jr., Chairman, President, and CEO of the Company and Old Point National Bank ...

Coastal Carolina National Bank: Coastal Carolina Bancshares, Inc. Announces Record Quarterly Earnings MYRTLE BEACH, SC / ACCESSWIRE / April 23, 2021 / Coastal Carolina Bancshares, Inc. (the "Company") (OTCQX:CCNB), parent of Coastal Carolina National Bank (the "Bank"), reported unaudited financial results for the first quarter of 2021. The Company reported net income of $1,387,569 or $.23 cents per share for the three months ended March 31, 2021, compared to $1,264,931 or $.21 cents per share for the prior quarter ended December 31, 2020 and $762,734 for the first quarter of last year ended M...

Profitability was lower year-on-year reflecting unprecedented market conditions, record low rates and the pandemic-driven economic slowdown. The Bank continued to exercise a rigorous approach to cost, which resulted in a reduction of 7.7 per cent year on year in operating expenses; achieved by the successful implementation of technology-led initiatives that helped to reduce the cost of sales and customer acquisition while also streamlining internal processes. ADIB demonstrated balance sheet strength ending the year with solid liquidity, funding, and capital ratios. “In an incredibly challen...

Press release content from Accesswire. The AP news staff was not involved in its creation. Coastal Carolina Bancshares, Inc. Announces 2020 Earnings January 27, 2021 GMT MYRTLE BEACH, SC / ACCESSWIRE / January 27, 2021 / Coastal Carolina Bancshares, Inc. (the “Company”) (OTCQX:CCNB), parent of Coastal Carolina National Bank (the “Bank”), reported unaudited financial results for the fourth quarter and year-end 2020. The Company reported net income of $3,740,032 or $.61 cents per share for the twelve months ended December 31, 2020, compared to $2,817,002 or $.46 cents per share, for the...

F&M Bank Corp: F & M Bank Corp. Announces Fourth Quarter Earnings and Dividend TIMBERVILLE, VA / ACCESSWIRE / January 28, 2021 / F & M Bank Corp. (OTCQX:FMBM), parent company of Farmers & Merchants Bank, announces its financial results for the fourth quarter and year ending December 31, 2020 and fourth quarter dividend to shareholders. As the global pandemic continues, the company continually assesses our procedures to maintain the safety of our customers, employees and community while serving their financial needs. Farmers & Merchants Bank continues to operate our branches in a drive-thru on...