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(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...

Share this article Share this article MANSFIELD, Pa., April 23, 2021 /PRNewswire/ -- Citizens Financial Services, Inc. (OTC Pink: CZFS), parent company of First Citizens Community Bank, released today its unaudited consolidated financial results for the three months ended March 31, 2021. Highlights The financial results of the Company continue to benefit from the acquisition of MidCoast Community Bancorp, Inc. that closed in the second quarter of 2020. Net income was $8.5 million for the three months ended March 31, 2021, which is 86.8% higher than the net income for 2020's comparable perio...

Farmers & Merchants Bancorp, Inc. Reports Record 2020 Fourth-Quarter and Full-Year Financial Results ARCHBOLD, Ohio, Feb. 10, 2021 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO) today reported financial results for the 2020 fourth quarter and twelve months ended December 31, 2020. 2020 Fourth Quarter Financial Highlights Include (on a year-over-year basis unless noted): Net income increased 43.5% to a quarterly record of $6.8 million Earnings increased 39.5% to a quarterly record of $0.60 per basic and diluted share Net interest income after provision for loan losses i...

Commerzbank Aktiengesellschaft (CZB) 28-Jan-2021 / 15:33 CET/CEST Dissemination of a Regulatory Announcement, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement. - Commerzbank announces cornerstones of its new strategy, resolution by Board of Managing Directors planned for 3 February 2021 - Overall headcount reduction of 10,000 full-time equivalents (FTEs) intended - Reduction of number of branches to 450 - Reduction of cost base by €1.4 billion targeted for 2024 compared with 2020 - Return on Tangible Equity (RoTE) of 6.5% to 7% targeted for 20...

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% ...