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C&F Financial Corporation Announces Record Net Income for First Quarter
C&F Financial CorporationApril 22, 2021 GMT
TOANO, Va., April 22, 2021 (GLOBE NEWSWIRE) C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the one-bank holding company for C&F Bank, today reported record quarterly consolidated net income of $7.2 million for the first quarter of 2021, which represents an increase of $3.5 million, or 97 percent, as compared to the first quarter of 2020 and is the highest reported net income for the first quarter of any year in the Corporation’s history. Adjusted net income for the first quarter of 2021 was $7.2 million, which represents an increase of $2.7 million, or 62 percent, as compared to the first quarter of 2020.
JD Bancshares, Inc Reports Increase in Pre-tax, Pre-provision Operating Earnings for Q1 2021
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FAIRFAX, Va., April 21, 2021 /PRNewswire/ MainStreet Bancshares, Inc. (Nasdaq: MNSB & MNSBP), the holding company for MainStreet Bank, reported net income of $5.5 million for the first quarter of 2021. Net income of $5.5 million represents a 12.95% Return on Average Equity (ROAE), a 1.32% Return on Average Assets (ROAA) and $0.65 per share of common stock (basic and diluted).
MainStreet Bank Headquarters 10089 Fairfax Blvd Fairfax, Virginia 22030 (PRNewsfoto/MainStreet Bancshares, Inc.) We are focused on adding new loan and deposit relationships Abdul Hersiburane
Net interest income was $13.5 million and noninterest income was $1.4 million for the quarter-ended March 31, 2021, an increase of 31% and 2% respectively over the same period in 2020. One-half of the increase in net interest income for the quarter came from Paycheck Protection Program (PPP) origination fees.
Cambridge Bancorp Announces First Quarter 2021 Earnings and Increases Quarterly Dividend by 11%
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CAMBRIDGE, Mass., April 21, 2021 /PRNewswire/ Cambridge Bancorp (NASDAQ: CATC) (the Company ), the parent company of Cambridge Trust Company (the Bank ), today announced unaudited net income of $13,499,000 for the quarter ended March 31, 2021, an increase of $485,000, or 3.7%, as compared to net income of $13,014,000 for the quarter ended December 31, 2020. Diluted earnings per share were $1.92 for the first quarter of 2021, representing a 3.4% increase over diluted earnings per share of $1.86 for the quarter ended December 31, 2020.
First quarter 2021 highlights:
Financial performance ratios for the quarter ended March 31, 2021 were strong with Return on Average Assets ( ROA ) of 1.35% and Operating Return on Tangible Common Shareholders Equity ( ROTCE ) of 15.65%.
HEPPNER â BEO Bancorp and its subsidiary, Bank of Eastern Oregon, announced first quarter 2021 consolidated net income of $1,337,000, or $1.11 per share, compared to $1,110,000, or $0.94 per share, for first quarter 2020.
Total assets were $710.5 million, up 46.38% year over year. Net loans of $508.6 million were up 20.08% from the same period in 2020, while deposits were at $650.7 million up 48.88% year over year.
âThe first quarter of 2021 has in some ways been a continuation of what we all had to endure in 2020, but in most of our trade areas we are seeing signs of a return to a new normal with businesses opening up and some restrictions easing. We have also seen another round of economic stimulus, with payments hitting bank accounts, as well as another round of PPP lending through the Small Business Administration. I applaud our team of bankers that have spent countless hours working with existing and new customers to help them navigate the new lending programs and
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