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First Commonwealth Announces Fourth Quarter and Full Year 2020 Earnings; Declares Quarterly Dividend and Announces Share Repurchase Program

(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
Net income of $25.7 million and diluted earnings per share of $0.27, an increase of $0.07 per share from the previous quarter ....

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Great Southern Bancorp, Inc. Reports Preliminary Fourth Quarter and Annual Earnings of $1.28 and $4.21 Per Diluted Common Share

Great Southern Bancorp, Inc. Reports Preliminary Fourth Quarter and Annual Earnings of $1.28 and $4.21 Per Diluted Common Share
Great Southern Bancorp, Inc.
Preliminary Financial Results and Other Matters for the Quarter and Year Ended December 31, 2020:
CECL Adoption: The recently-enacted COVID relief legislation, the Consolidated Appropriations Act, 2021, provides for an optional additional delay for certain bank holding companies to adopt the Current Expected Credit Loss (CECL) accounting standard. Great Southern Bancorp, Inc. (the Company) has elected to delay the initial adoption date of this standard to January 1, 2021, in accordance with guidance approved by the Securities and Exchange Commission. Therefore, the Company’s financial statements for the three months and year ended December 31, 2020, were prepared under the existing incurred loss accounting standard. The adoption of the CECL model during the first quarter of 2021 will require us to recognize ....

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First Community Corporation Announces Fourth Quarter and Annual Earnings and Cash Dividend

First Community Corporation Announces Fourth Quarter and Annual Earnings and Cash Dividend
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Highlights
Net income of $3.436 million for the fourth quarter, up 27.4% year-over-year and 29.6% over the linked quarter, and $10.099 million for the year of 2020
Pre-tax pre-provision earnings of $4.640 million for the fourth quarter, up 35.5% year-over year and 7.6% over the linked quarter.
Diluted EPS of $0.46 per common share for the fourth quarter and $1.35 per common share for the year of 2020
Pure (non-CD) deposit growth, including customer cash management accounts, of $219.2 million during the year, a 24.9% growth rate
Total loan growth of $107.1 million or 14.5% during the year. Loan growth, excluding Paycheck Protection Program (PPP) loans and a related credit facility, was $59.7 million during the year, an 8.1% growth rate ....

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