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Old Point Releases Second Quarter 2021 Results

Old Point Releases Second Quarter 2021 Results
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The Loan Source buys two PPP portfolios

The Loan Source buys two PPP portfolios
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Old Point Releases First Quarter 2021 Results

Old Point Releases First Quarter 2021 Results
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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 (the Bank) said, Old Point is pleased to report a solid first quarter performance as we, along with our surrounding communities, begin to emerge from the unprecedented uncertainties of 2020. In the first quarter of 2021, we began to experience lift from the strategic initiates executed in late 2020, funded over 300 second-round PPP loans in addition to successfully navig ....

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Centric Financial Corporation Announces Earnings for 4th Quarter and Year End 2020

Centric Financial Corporation Announces Earnings for 4th Quarter and Year End 2020
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Centric Financial Corporation Announces Earnings for 4th Quarter and Year End 2020

Centric Financial Corporation Announces Earnings for 4th Quarter and Year End 2020
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HARRISBURG, Pa., Feb. 18, 2021 /PRNewswire/ Centric Financial Corporation ( Centric or the Company ) (OTC: CFCX), the parent company of Centric Bank ( the Bank ), today reported net income for the fourth quarter and year ended December 31, 2020 of $2.8 million, or $0.33, per basic and diluted share and $9.1 million, or $1.05, per basic and diluted share, respectively.
Highlights of Performance:
Net income increased $335 thousand, or 14%, from third quarter, an increase of $0.05 per basic and diluted share and increased $866 thousand, or 45%, over fourth quarter 2019, an increase of $0.11 per basic and diluted share. ....

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