Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Formula Systems Reports Fourth Quarter and full year 2020 Financial Results with Annual Net .
Formula Systems (1985) Ltd.March 17, 2021 GMT
OR YEHUDA, Israel, March 17, 2021 (GLOBE NEWSWIRE) Formula Systems (1985) Ltd. (NASDAQ: FORTY), a global information technology holding company engaged, through its subsidiaries and affiliates, in providing software consulting services and computer-based business solutions and developing proprietary software products, today announced its results for the fourth quarter and full year ended December 31, 2020.
Financial Highlights for the Fourth Quarter Ended December 31, 2020
Consolidated revenues for the fourth quarter increased by 21.2% to a record breaking $543.2 million. Revenues for the fourth quarter ended December 31, 2019 amounted to $448.2 million.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Horizon Bancorp, Inc. Increases Quarterly Dividend by 8.3% to $0.13 per Share
Horizon Bancorp, Inc.March 17, 2021 GMT
MICHIGAN CITY, Ind., March 17, 2021 (GLOBE NEWSWIRE) Horizon Bancorp, Inc. (NASDAQ GS: HBNC) announced that its Board of Directors approved an 8.3% increase in its quarterly cash dividend from $0.12 to $0.13 per share.
The increase is effective with the company’s next quarterly dividend, payable on April 16, 2021 to common stockholders of record as of April 2, 2021.
“We believe Horizon’s balance sheet strength, operating discipline and efficiency, credit expectations, and long–term growth opportunities in attractive Midwest markets support the company’s eighth dividend increase over the last 10 years,” Chairman and CEO Craig M. Dwight said. “Today, we maintain approximately 17 future quarters of cash on hand at the holding company level to cover the new
Press release content from Business Wire. The AP news staff was not involved in its creation.
Carolina-Based Sharonview Federal Credit Union Chooses Elan as Credit Card Partner
March 17, 2021 GMT
MINNEAPOLIS & INDIAN LAND, S.C. (BUSINESS WIRE) Mar 17, 2021
Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, and Elan Financial Services have signed an exclusive agreement that will provide Sharonview’s more than 90,000 members with a suite of credit card products and services. This partnership provides Sharonview with a high-value credit card program – including marketing tools, employee training, promotional programs, cardmember services, and a suite of digital card solutions – under the Sharonview brand.
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ByThe Associated Press
• 3 min read
WASHINGTON Below is the statement the Fed released Wednesday after its policy meeting ended:
The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
The COVID-19 pandemic is causing tremendous human and economic hardship across the United States and around the world. Following a moderation in the pace of the recovery, indicators of economic activity and employment have turned up recently, although the sectors most adversely affected by the pandemic remain weak. Inflation continues to run below 2 percent. Overall financial conditions remain accommodative, in part reflecting policy measures to support the economy and the flow of credit to U.S. households and businesses.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Eastern Bankshares, Inc. Added To The KBW Nasdaq Regional Banking Index
March 17, 2021 GMT
BOSTON (BUSINESS WIRE) Mar 17, 2021
Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced that the Company has been added to the KBW Nasdaq Regional Banking Index (Index Ticker: KRX) as part of the first quarter 2021 index rebalancing. The addition will be effective prior to the opening of business on Monday, March 22, 2021.