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Avidbank Holdings, Inc. Announces Net Income of $2,507,000 for the First Quarter of 2021


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SAN JOSE, CA / ACCESSWIRE / April 29, 2021 / Avidbank Holdings, Inc. ( the Company ) (OTC Pink:AVBH), a bank holding company and the parent company of Avidbank ( the Bank ), an independent full-service commercial bank serving businesses and individuals primarily in Northern California, announced unaudited consolidated net income of $2,507,000 for the first quarter of 2021 compared to $2,435,000 for the same period in 2020.
First Quarter 2021 Financial Highlights
Total interest income was $12,863,000 for the first quarter of 2021, an increase of $87,000 over the $12,776,000 we recorded in the first quarter of 2020. The 0.7% increase over the prior year quarter reflects year over year loan growth offset by declining loan yields, but augmented by increased investment securities income. ....

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New York Community Bancorp, Inc. Reports Fourth Quarter And Full-Year 2020 Diluted EPS Of $0.39 And $1.02, On A GAAP Basis; $0.27 And $0.87 On A Non-GAAP Basis


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Pre-provision net revenue is a non-GAAP measure, but we believe it is relevant to understanding the Company s financial results in light of the implementation of CECL and the economic impact of COVID-19.
New York Community Bancorp, Inc. (NYSE: NYCB) (the Company ) today reported net income for the three months ended December 31, 2020 of $189.7 million, up 64% compared to the $115.8 million we reported for the three months ended September 30, 2020 and up 87% compared to the $101.2 million we reported for the three months ended December 31, 2019.  Our fourth quarter and full-year 2020 results were impacted by a $55.3 million and a $68.4 million, respectively, income tax benefit related to the CARES Act.  Excluding this benefit, net income on a non-GAAP basis for the three months ended December 31, 2020 was $134.4 million up 16% and 33%, respectively.  For the twelve months ended December 31, 2020, net income totaled $511.1 million, up 29% compared ....

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