Graphic Packaging Holding Company Reports First Quarter 2021 Results; Announces Intent to Acquire Americraft Carton, Inc yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Chemung Financial Corporation Reports First Quarter 2021 Net Income of $6.5 million, or $1.39 per Share
ELMIRA, N.Y., April 22, 2021 (GLOBE NEWSWIRE) Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $6.5 million, or $1.39 per share, for the first quarter of 2021, compared to $2.5 million, or $0.51 per share, for the first quarter of 2020.
“I am pleased to report earnings of $6.5 million, or $1.39 per share, for the first quarter of 2021, the second highest in the near 188-year history of our Company,” according to Anders M. Tomson, President and CEO of Chemung Financial Corporation. “We began the year continuing to support our customers as the next phase of the Paycheck Protection Program launched early in the quarter, and, we assisted with the forgiveness process for others. Additionally we facilitated the dispersal of over 20,000 Economic Impact Payment ch
GAAP diluted net income and GAAP diluted earnings per share were $19.7 million and $0.24, respectively, for the three months ended March 31, 2021. GAAP diluted net income and GAAP diluted earnings per share were both zero for the three months ended March 31, 2020.
In evaluating the results of operations, management also reviews adjusted measures of earnings, which are adjusted to exclude accounting items that add a measure of non-operational complexity which obscures the underlying performance of the business. For the three months ended March 31, 2021, December 31, 2020, and March 31, 2020, no adjustments were made to GAAP earnings. Management uses the as adjusted measures to assess the strength of the underlying operations of the business. It believes the as adjusted measures provide information to further analyze the Company s operations between periods and over time. Furthermore, management targets a cash dividend payout ratio at approximately 60% to 70% of our as adjusted
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MARIETTA, Ohio, April 20, 2021 /PRNewswire/ Peoples Bancorp Inc. ( Peoples ) (Nasdaq: PEBO) today announced results for the three months ended March 31, 2021. Peoples reported net income of $15.2 million for the first quarter of 2021, representing earnings per diluted common share of $0.79. In comparison, Peoples recognized earnings per diluted common share of $1.05 for the fourth quarter of 2020 and a loss per diluted common share of $0.04 for the first quarter of 2020.
Non-core items, and the related tax effect of each, contained in net income (loss) included gains and losses on investment securities and asset disposals and other transactions, acquisition-related expenses, pension settlement charges, severance expenses, COVID-19-related expenses and a contribution to Peoples Bank Foundation, Inc. Non-core items negatively impacted earnings per diluted common share by $0.11 for the first quarter of 2021, $0.07 for the fourth quar
TILT Holdings Reports Fourth Quarter and Full-Year 2020 Financial Results Including First Full-Year of Positive Adjusted EBITDA
TILT Holdings Inc. (âTILTâ or the âCompanyâ) (CSE: TILT) (OTCQB: TLLTF) a provider of business solutions to the global cannabis industry that includes inhalation technologies, cultivation, manufacturing, processing, brand development and retail, reported its financial and operating results for the three and twelve-months ended December 31, 2020. All financial information is provided in U.S. dollars except where otherwise indicated. Results of Yaris Acquisition, LLC and its subsidiaries (together, âBlackbirdâ) have been reclassified as discontinued operations on the income statement and statement of cash flows. All periods have been updated to reflect this change.