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Amalgamated Financial Corp. Reports First Quarter 2021 Financial Results


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Amalgamated Financial Corp. Reports First Quarter 2021 Financial Results
Amalgamated Financial Corp.April 22, 2021 GMT
NEW YORK, April 22, 2021 (GLOBE NEWSWIRE) Amalgamated Financial Corp. (the “Company” or “Amalgamated”) (Nasdaq: AMAL), the holding company for Amalgamated Bank (the “Bank”), today announced financial results for the first quarter ended March 31, 2021.
On March 1, 2021 (the “Effective Date”), the Company acquired all of the outstanding stock of the Bank in a statutory share exchange transaction (the “Reorganization”) effected under New York law and in accordance with the terms of a Plan of Acquisition dated September 4, 2020. In this release, unless the context indicates otherwise, references to “we,” “us,” and “our” refer to the Company and the Bank. However, if the discussion relates to a period before the Effective Da ....

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Coastal Carolina Bancshares, Inc. Announces 2020 Earnings


Press release content from Accesswire. The AP news staff was not involved in its creation.
Coastal Carolina Bancshares, Inc. Announces 2020 Earnings
January 27, 2021 GMT
MYRTLE BEACH, SC / ACCESSWIRE / January 27, 2021 / Coastal Carolina Bancshares, Inc. (the “Company”) (OTCQX:CCNB), parent of Coastal Carolina National Bank (the “Bank”), reported unaudited financial results for the fourth quarter and year-end 2020. The Company reported net income of $3,740,032 or $.61 cents per share for the twelve months ended December 31, 2020, compared to $2,817,002 or $.46 cents per share, for the same period ended December 31, 2019, representing a 32.8% increase. Net income for the three months ended December 31, 2020, was $1,264,931 or $.21 cents per share, which represents a 22% increase over prior quarter income of $1,033,424 and a 42% increase over quarterly net income of $891,733 for the same period one year ago. ....

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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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