(1)
Share amounts related to the periods prior to January 22, 2020 closing of the conversion offering have been restated to give retroactive recognition to the 1.6351 exchange ratio applied in the conversion offering.
The full text of the corrected release is a follows:
CINCINNATI, Ohio Cincinnati Bancorp, Inc. ( Cincinnati Bancorp ) (NASDAQ: CNNB) today reported net income for the year ended December 31, 2020 of $3,155,700, compared to $798,500 for 2019, or an increase of 295.2%. Earnings per basic and diluted share for the year ended December 31, 2020 were $1.14 for basic and $1.12 for diluted, compared to $0.28 for basic and $0.27 for diluted for 2019.
Cincinnati Bancorp Chief Executive Officer Robert Bedinghaus said, Cincinnati Bancorp s record 2020 earnings were a result of the dedication of our entire staff as well as the loyalty of our customers and community partners. The closing of our second-step stock offering in January 2020, our lending focus on the reside
Cincinnati Bancorp, Inc Reports Financial Results For The Year Ended December 31, 2020 (CORRECTED) prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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CINCINNATI, Feb. 10, 2021 /PRNewswire/ Cincinnati Bancorp, Inc. ( Cincinnati Bancorp ) (NASDAQ: CNNB) today reported net income for the year ended December 31, 2020 of $3,155,700, compared to $798,500 for 2019, or an increase of 295.2%. Earnings per basic and diluted share for the year ended December 31, 2020 were $1.09 for basic and $1.07 for diluted, compared to $0.28 for basic and $0.27 for diluted for 2019.
Cincinnati Bancorp Chief Executive Officer Robert Bedinghaus said, Cincinnati Bancorp s record 2020 earnings were a result of the dedication of our entire staff as well as the loyalty of our customers and community partners. The closing of our second-step stock offering in January 2020, our lending focus on the residential and commercial real estate markets, and a concentrated effort to reshape our balance sheet to enhance future earnings, all combined to drive earnings to this level, even in the face of the COVID pandemic.
Courtesy Walter Reuther Library/Wayne State University
Who knew that the movie 9 to 5 was inspired by Cleveland secretaries? Or that clerical workers at the University of Cincinnati and Cuyahoga Community College played a pivotal role in the 9to5 grassroots labor movement of the 1970s and 80s to get equal pay and benefits for women office workers?
Those were some of the surprises to me in
9to5: The Story Of A Movement, a 90-minute documentary by Emmy- and Oscar-winning filmmakers Julia Reichert and Steven Bognar airing Monday Feb. 1 on PBS
Independent Lens (10 p.m., Channels 48, 54). I thought it was a really important story, says Reichert, a 1971 Antioch College graduate and Yellow Springs resident who has a long resume of documentaries about blue-collar workers (