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BANKFIRST CAPITAL CORPORATION Reports Fourth Quarter 2020 Earnings of $3.9 Million

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COLUMBUS, Miss., Jan. 28, 2021 /PRNewswire/ BankFirst Capital Corporation (OTCQX: BFCC) (the Company ) reported record net income of $3.9 million for the fourth quarter of 2020, an increase of 16% over net income of $3.4 million for the fourth quarter of 2019. Basic and diluted earnings per share for the fourth quarter of 2020 and 2019 were $0.76 and $0.77, respectively. Net income was $13.5 million for year ended December 31, 2020, an increase of 14% over net income of $11.8 million for the year ended December 31, 2019. Basic and diluted earnings per share for the year ended December 31, 2020 and 2019 were $2.76 and $2.72, respectively.
CEO Commentary
Moak Griffin, President and Chief Executive Officer of the Company and BankFirst Financial Services, the Company s wholly-owned subsidiary bank, stated, I am pleased to report that we posted record earnings and earnings per share during 2020. In addition, we successfull ....

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Mackinac Financial Corporation Reports 2020 Fourth Quarter and Annual Results

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Mackinac Financial Corporation Reports 2020 Fourth Quarter and Annual Results
Mackinac Financial CorporationJanuary 28, 2021 GMT
MANISTIQUE, Mich., Jan. 28, 2021 (GLOBE NEWSWIRE) Mackinac Financial Corporation (Nasdaq: MFNC) (the “Corporation”), the bank holding company for mBank, today announced 2020 net income of $13.47 million, or $1.27 per share, compared to 2019 net income of $13.85 million, or $1.29 per share. The Corporation had fourth quarter 2020 net income of $3.64 million, or $.35 per share, compared to 2019 fourth quarter net income of $3.30 million, or $.31 per share.
Total assets of the Corporation at December 31, 2020 were $1.50 billion, compared to $1.32 billion at December 31, 2019. Shareholders’ equity at December 31, 2020 totaled $167.86 million, compared to $161.92 million at December 31, 2019. Book value per share outstanding equated to $1 ....

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Eagle Bancorp Montana Earns $5.2 Million, or $0.76 per Diluted Share, in Fourth Quarter 2020; Reports Record Earnings of $21.2 Million, or $3.11 per Diluted Share for the Year 2020; Declares Quarterly Cash Dividend of $0.0975 per Share

Eagle Bancorp Montana Earns $5.2 Million, or $0.76 per Diluted Share, in Fourth Quarter 2020; Reports Record Earnings of $21.2 Million, or $3.11 per Diluted Share for the Year 2020; Declares Quarterly Cash Dividend of $0.0975 per Share
Eagle Bancorp Montana, Inc.
Helena, Montana, UNITED STATES
HELENA, Mont., Jan. 26, 2021 (GLOBE NEWSWIRE) Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana, today reported net income in the fourth quarter of 2020 increased 121.0% to $5.2 million, or $0.76 per diluted share, compared to $2.3 million, or $0.36 per diluted share, in the fourth quarter a year ago, reflecting the high level of contributions from mortgage banking and gains from sale of loans. Net income was a record $6.4 million, or $0.94 per diluted share, in the third quarter of 2020. ....

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Washington Trust Reports Fourth Quarter and Full-Year 2020 Earnings

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WESTERLY, R.I., Jan. 27, 2021 /PRNewswire/ Washington Trust Bancorp, Inc. (Nasdaq:WASH), parent company of The Washington Trust Company, today announced fourth quarter 2020 net income of $18.6 million, or $1.07 per diluted share, compared to net income of $18.3 million, or $1.06 per diluted share, reported for the third quarter of 2020. Net income for the year ended December 31, 2020 totaled $69.8 million, or $4.00 per diluted share, compared to $69.1 million, or $3.96 per diluted share, reported for the prior year.
Washington Trust reported strong earnings for 2020, a year marked by unprecedented challenges, disruption, and uncertainties, stated Edward O. Handy III, Washington Trust Chairman and Chief Executive Officer. Our success was due to the spirit and resilience of our dedicated team of employees, who maintained high service levels and business as usual operations during a major pandemic; the strength and stabil ....

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Unlucky: Do the recent changes to the Federal Reserve's powers under Section 13(3) of the Federal Reserve Act inhibit future action? | White & Case LLP

On December 27, 2020, the President signed into law the Consolidated Appropriations Act, 2021.
1 Title X of Division N of that law ( Title X ) contains several provisions that change the authority of the Board of Governors of the Federal Reserve System (the Federal Reserve ) to extend credit or purchase assets under Section 13(3) of the Federal Reserve Act (the FRA ).
2 This provision was inserted into the bill by Senator Patrick Toomey of Pennsylvania, who believed that the Federal Reserve s programs initiated under Section 13(3) and funded under the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act )
3 should be permanently discontinued and made unable to be restarted. ....

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