Banking & Finance

First Niles Financial Reports $39,000 Net Income

NILES, Ohio – First Niles Financial Inc., holding company of Home Federal Savings and Loan Association of Niles, Friday reported first-quarter net income of $39,000, or three cents a share. This compares to net income of $127,000, or 11 cents a share, for the year-ago quarter, and $40,000, or three cents a share, for the […]

UCFC CEO Reports Healthy Increase in Loan Portfolios

YOUNGSTOWN, Ohio – By year-end, United Community Financial Corp. expects to pay its shareholders 30% of its net income in cash dividends, up from 20% a year ago, its president and CEO, Gary M. Small, said Thursday. As the holding company of the Home Savings and Loan Co. reported in its first-quarter earnings release last […]

Dissidents Lose Bid for Seats on First Niles Board

NILES, Ohio – Dissidents Lance Osborne and Steven Passov lost Wednesday to incumbents James Kramer and attorney Robert Shaker in their bid for two seats on the board of First Niles Financial Inc. The margin of defeat for Osborne, who owns 7% of First Niles shares, and Passov, a commercial real estate developer, was not […]

Talmer Reports Net Income of $19.68 Million

TROY, Mich. – Talmer Bancorp Inc., parent of Talmer Bank and Trust, Wednesday reported first-quarter net income of $19.68 million, or diluted earnings of 28 cents a share. This compares to fourth-quarter net income of $13.11 million, or 19 cents a share, and year-ago quarter net income of $9.43 million, or 12 cents a share. […]

Cortland Reports Strong Earnings, 7¢ Cash Dividend

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Banks, Tuesday reported first-quarter net income of $1.36 million, or 31 cents per share, a 19% increase over year-ago first-quarter net income of $1.15 million, or 25 cents a share. It was also a 25% increase over the net income Cortland reported for the fourth quarter […]

Dissidents Face Steep Climb to Sit on First Niles Board

NILES, Ohio – The annual meeting Wednesday afternoon of First Niles Financial Corp., holding company of the Home Federal Savings and Loan Co. of Niles, promises to be anything but routine. Lance Osborne, who owns 7% of its shares, and Steven Passov, a commercial real estate broker, seek to unseat the chairman of First Niles, […]

FNB Completes Fifth Third Branch Purchases

PITTSBURGH — First National Bank of Pennsylvania, the largest subsidiary of F.N.B. Corp., announced today that last Friday it completed its acquisition of 17 Fifth Third Bank branches  in Greater Pittsburgh. Through the transaction, F.N.B. said it has improved its Pittsburgh delivery channel, gaining critical mass and increasing both efficiency and access to new opportunities, […]

FNB Corp. Reports Income of $24.12 Million

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, Friday reported first-quarter net income available to common shareholders of $24.12 million, or 12 cents a share. Total net income was $26.13 million. Income available to common shareholders compares to $37.11 million for the quarter ended Dec. 31, or 21 cents a share, and […]

Helmick Tells Shareholders Farmers’ Future Is Bright

CANFIELD, Ohio – The president and CEO of Farmers National Banc Corp. calls 2015 a “transformative year” for the company, noting it successfully closed two acquisitions and is prepared for more opportunities in 2016. “It helped us grow our assets from $1.1 billion to $1.9 billion,” Kevin J. Helmick said following the company’s annual meeting […]

Huntington Reports First-Quarter Income of $171M

COLUMBUS, Ohio – Huntington Bancshares Inc., parent of Huntington National Bank, Wednesday reported first-quarter net income of $171 million, or 20 cents per diluted common share. This compares to fourth-quarter net income of $178 million, or 21 cents per diluted share, and year-ago first-quarter net income of $166 million, or 19 cents per diluted share. […]

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