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Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2020 Distributions


Press release content from Business Wire. The AP news staff was not involved in its creation.
Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2020 Distributions
February 1, 2021 GMT
OLD GREENWICH, Conn. (BUSINESS WIRE) Feb 1, 2021
Ellington Residential Mortgage REIT (NYSE: EARN) (the “Company”) today announced the federal income tax treatment of the distributions deemed paid in 2020 on the Company’s common shares. This information is being provided to assist shareholders with tax reporting requirements related to distributions by the Company.
Shareholders should review their Forms 1099 as well as other 2020 tax statements that they will receive from their brokerage firms or other institutions to ensure that the statements agree with the information provided below. Additionally, shareholders are encouraged to consult with their own professional tax advisors with respect to their individual tax consequences. ....

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Huntington Bancshares Incorporated Reports Full Year 2020 Earnings


Huntington Bancshares Incorporated Reports Full Year 2020 Earnings
Results Include Record Annual Revenue (+3%), a 6% Increase in Average Loans, and an 11% Increase in Average Core Deposits
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Full year 2020 highlights compared to full year 2019:
Net income was $817 million, and earnings per common share (EPS) for the year were $0.69.
Return on average assets for 2020 was 0.70%, return on average common equity was 6.8%, and return on average tangible common equity was 8.9%. 
Tangible book value per common share (TBVPS) increased 3% to $8.51 at 2020 year end.
Fully-taxable equivalent total revenue increased $143 million, or 3%, to $4.8 billion.
Fully-taxable equivalent net interest income increased $6 million, or less than 1%, to $3.2 billion. ....

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(RBNC) - Recap: Reliant Bancorp Q4 Earnings


Quarterly Results
Earnings per share were up 55.32% over the past year to $0.73, which beat the estimate of $0.53.
Revenue of $38,289,000 up by 101.15% from the same period last year, which beat the estimate of $33,030,000.
Outlook
Reliant Bancorp hasn t issued any revenue guidance for the time being.
Price Action
52-week low: $9.45
Company Description
Reliant Bancorp Inc provides a full range of traditional banking services throughout the Middle Tennessee Region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. It provides a wide range of commercial banking services for businesses and individuals. The company has two reportable business segments: Retail Banking and Residential Mortgage Banking. Retail Banking provides deposit and lending services to consumer and business customers. Residential Mortgage Banking originates first lien residential mortgage loans throughout the United States. It derives a majority of the re ....

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