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BBVA USA Reports First Quarter 2021 Results


BBVA USA Reports First Quarter 2021 Results
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HOUSTON, April 30, 2021 /PRNewswire/  BBVA USA Bancshares, Inc., a Sunbelt-based bank holding company (BBVA USA), reported today net income of $385 million for the first quarter of 2021 compared to net income of $334 million in the fourth quarter of 2020 and net loss of $2.2 billion in the first quarter of 2020.  Return on average assets and return on average tangible equity
1 for the first quarter of 2021 were 1.49 percent and 16.57 percent, respectively.
During the first quarter we delivered solid results while continuing to successfully navigate the challenges to our customers, communities and our employees brought about by the COVID-19 pandemic, said Javier Rodríguez Soler, president and CEO of BBVA USA. Momentum continued in the quarter highlighted by stable revenue and well-contained expenses. At the same time, we continue to maintain strong liqui ....

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Suncrest Bank Reports First Quarter Earnings. EPS increase of 40% and annualized non-PPP loan growth of 11%.


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SACRAMENTO, Calif. and VISALIA, Calif., April 26, 2021 /PRNewswire/ Suncrest Bank (OTCQX: SBKK) today reported unaudited financial results for the first quarter of 2021.
Our momentum coming out of 2020 has continued through Q1 and the bank has posted another outstanding quarter in both earnings and balance sheet growth, said Ciaran McMullan, President and CEO of Suncrest Bank.
Earnings per share increased by 40% over the same quarter last year and our organic loan and deposit growth was extremely strong. Total loans, excluding PPP, increased at an annualized rate of 11% and total deposits increased by over 27% annualized, McMullan added. ....

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Arrow Reports $13.3 million in Net Income and Diluted EPS of $0.85 in Q1


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GLENS FALLS, N.Y., April 27, 2021 /PRNewswire/ Arrow Financial Corporation (NasdaqGS® – AROW) announced operating results for the three-month period ended March 31, 2021. Net income for the first quarter of 2021 was $13.3 million, compared to $8.1 million in the first quarter of 2020. Net interest income increased to $26.2 million in the first quarter of 2021, compared to $23.0 million for the comparable quarter of 2020.
Annualized key profitability ratios remained strong, as measured by a return on average equity (ROE) of 15.81% and a return on average assets (ROA) of 1.45% for the first quarter, compared to 10.66% and 1.03%, respectively, for the prior year quarter. ....

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