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BCB Bancorp, Inc. Earns $7.1 Million in First Quarter 2021; Declares Quarterly Cash Dividend of $0.14 Per Share

Home / Top News / BCB Bancorp, Inc. Earns $7.1 Million in First Quarter 2021; Declares Quarterly Cash Dividend of $0.14 Per Share
BCB Bancorp, Inc. Earns $7.1 Million in First Quarter 2021; Declares Quarterly Cash Dividend of $0.14 Per Share
BAYONNE, N.J., April 21, 2021 (GLOBE NEWSWIRE) BCB Bancorp, Inc. (the “Company”), (NASDAQ: BCBP), the holding company for BCB Community Bank (the “Bank”), today reported net income of $7.1 million for the first quarter of 2021, compared to $7.3 million in the fourth quarter of 2020, and $2.5 million in the first quarter of 2020. Earnings per diluted share in the first quarter of 2021 were $0.40, compared to $0.41 in the preceding quarter and $0.12 in the first quarter of 2020. The Company also announced that its Board of Directors declared a regular quarterly cash dividend of $0.14 per share. The dividend will be payable May 24, 2021, to common shareholders of record on May 10, 2021. ....

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Northeast Bank Reports Record Third Quarter Results and Declares Dividend

Northeast Bank Reports Record Third Quarter Results and Declares Dividend
PORTLAND, Maine, April 21, 2021 (GLOBE NEWSWIRE) Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based full-service bank, today reported record net income of $34.2 million, or $4.06 per diluted common share, for the quarter ended March 31, 2021, compared to net income of $1.9 million, or $0.21 per diluted common share, for the quarter ended March 31, 2020. Net income for the nine months ended March 31, 2021 was $50.1 million, or $6.01 per diluted common share, compared to $11.5 million, or $1.25 per diluted common share, for the nine months ended March 31, 2020. Net income for the three and nine months ended March 31, 2021 included $33.0 million of net gains on the sale of Paycheck Protection Program (“PPP”) loans originated and sold during the quarter ended March 31, 2021 under the current round of PPP, which had an after-tax earnings per diluted common share impact of $2.75 and $2.80, resp ....

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Lenders wary as Fed's PPP facility nears deadline

Lenders wary as Fed's PPP facility nears deadline
americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.

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Northeast Bank earnings nearly double, driven by loan growth

By Staff
Northeast Bank (Nasdaq: NBN), which is based in Portland and has nine branches, on Wednesday reported that net income during the fourth quarter last year nearly doubled from earnings for the same period in 2019.
For Q4 2020, net income was $8.2 million, or 98 cents a share, compared with $4.9 million, or 53 cents a share, for the quarter ended Dec. 31, 2019.
Net income for the six months ended Dec. 31, 2020, was $16 million, or $1.92 per share, compared to $9.6 million, or $1.05 per share, for the same period in 2019.
The bank s board of directors declared a cash dividend of a penny per share, payable on Feb. 24, to shareholders of record as of Feb. 10. ....

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PPP Loans: These Nonbank Lenders Are Accepting Round 2 Applications

Channel3000.com
January 20, 2021 9:28 AM
Robin Saks Frankel - Forbes Advisor
Posted:
Updated:
January 22, 2021 10:54 AM
The Paycheck Protection Program (PPP) has reopened to all lenders, and with this fresh wave of funding comes new eligibility requirements and further clarifications around the forgiveness process.
The bipartisan coronavirus relief legislation approved late last year included an additional $284 billion for PPP loans aid designed to help small businesses keep their doors open and continue to pay employees during the pandemic. This new round of loans is available to first-time applicants, as well as those businesses that have already benefited from the program. The most recent legislation also eased loan forgiveness rules, which businesses had earlier said were too burdensome. ....

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