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JD Bancshares, Inc. Reports Increase in Pre-tax, Pre-provision Operating Earnings for Q1 2021


Press release content from Accesswire. The AP news staff was not involved in its creation.
JD Bancshares, Inc. Reports Increase in Pre-tax, Pre-provision Operating Earnings for Q1 2021
April 22, 2021 GMT
JENNINGS, LA / ACCESSWIRE / April 22, 2021 / JD Bancshares, Inc. (the “Company”), (OTCQX:JDVB), the parent holding company of JD Bank (the “Bank”), reports its unaudited financial results for the quarter ended March 31, 2021.
Net income for the three-month period ended March 31, 2021 was $1,919,989 or $1.12 per share compared to $2,303,079 or $1.34 per share for the linked quarter ended December 31, 2020 and $1,557,713 or $0.91 per share for the prior year period ended March 31, 2020. There were meaningful differences in provisions for loan losses and non-recurring, non-operating items impacting each of the three comparative periods. Pre-tax, pre-provision operating income for the current quarter was $2,852,906 or approximately 14% higher than the $2,508,47 ....

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SJI Reports 2020 Financial Results


SJI Reports 2020 Financial Results
Announces Renewable Natural Gas Investment
FOLSOM, NJ, Feb. 24, 2021 (GLOBE NEWSWIRE)
Investor Contact:
Announces Renewable Natural Gas Investment
FOLSOM, NJ (February 24, 2021) – SJI (NYSE: SJI) today reported operating results for its 2020 full year and fourth quarter ended December 31, 2020. Highlights include:
2020 GAAP earnings of $1.62 per diluted share compared to $0.84 per diluted share in 2019
2020 Economic Earnings of $1.68 per diluted share compared to $1.12 per diluted share in 2019
2020 GAAP/Economic Earnings include $0.13 per diluted share in nonrecurring items adjustments for certain tax benefits ($.07), adjustments to SJG’s rate design ($.03) and pipeline supplier refunds ($.03)
Significant improvement in 2020 financial results, despite historic challenge of COVID pandemic, driven by increased profitability from Utility and Non-Utility operations ....

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