Banking & Finance

Cortland Bancorp Reports 2Q Net Income of $1.17M

CORTLAND, Ohio – Cortland Bancorp, holding company of Cortland Banks, Tuesday reported second-quarter net income of $1.17 million, or 27 cents a share, 28% above the $916,000 reported the same quarter a year ago, or 21 cents a share. For the first quarter, Cortland reported net income of $1.36 million, or 31 cents a share. […]

FNB Corp. Reports 2Q Net Income of $39.29 Million

PITTSBURGH – F.N.B. Corp., holding company of First National Bank of Pennsylvania, Thursday reported net income available to shareholders of $39.29 million, or 19 cents per common share, which includes three cents per share in merger-related costs. Total net income was $41.30 million. This compares to first-quarter net income available to shareholders of $24.12 million, […]

Huntington Reports 2Q Net Income of $174.54 Million

COLUMBUS, Ohio – Huntington Bancshares Inc., parent of Huntington National Bank, Thursday reported $174.54 million in net income for the second quarter, $154.67 million of which was applicable to common shares, or 19 cents per common share. This compares to first-quarter net income of $171.31 million, $163.32 million applicable to common stock, or 20 cents […]

FNB Says It Will Buy N.C.-based Yadkin Bank

PITTSBURGH – F.N.B. Corp., parent of First National Bank of Pennsylvania, and Yadkin Financial Corp., Raleigh, N.C., announced this morning that the former will acquire the latter in an all-stock transaction valued at $1.4 billion, or $27.35 per share of Yadkin. Pro forma, the acquisition of Yadkin, with $7.5 billion in assets would make the […]

Farmers Reports 2Q Net Income of $5.02 Million

CANFIELD, Ohio — Farmers National Banc Corp. Wednesday reported second-quarter net income of $5.02 million, or 19 cents a share. This compares to first-quarter net income of $4.80 million, or 18 cents a share, and second-quarter 2015 net income of $812,000, or three cents a share. Farmers is the parent of Farmers National Bank, Farmers […]

UCFC Reports Record Quarterly Net Income

YOUNGSTOWN, Ohio – United Community Financial Corp., holding company of the Home Savings and Loan Co., Tuesday reported second-quarter net income of $5.33 million, or diluted earnings of 11.2 cents a share, both records. It also announced its directors raised the quarterly dividend to three cents a share, up from 2.5 cents, payable Aug. 12 […]

First National Extends Execubank to Mobile Devices

PITTSBURGH – With its new app, FNB Business, First National Bank of Pennsylvania has extended Execubanc to smartphones and tablets so its commercial banking customers can use their mobile devices to perform most of the functions on their PCs. The president and CEO of F.N.B. Corp., parent of First National Bank, Vincent J. Delie Jr. […]

Three-County Home Sales Up 4.8% YTD from 2015

YOUNGSTOWN, Ohio – Sales of single-family houses in the tri-county area for the first half of the year are up 4.8% compared to the same period in 2015, the latest monthly data show. In the first six months of 2016, 2,678 houses were sold in Mahoning, Trumbull and Columbiana counties, up from 2,563 during the […]

Talmer Shareholders Say Yes to Chemical Proposal

TROY, Mich. – Shareholders of Talmer Bancorp Inc., voted overwhelming for their company to be acquired by Chemical Financial Corp., Midland, Talmer announced today. More than 99% of the shares were voted for union with Chemical. When the agreement was announced in January, senior executives of both companies billed it as a merger of equals […]

Lower Gas Prices Translate into 1% Hike in Income

WASHINGTON — Lower gasoline prices last year translated into Americans buying more fuel for their cars and trucks, driving longer distances and using mass transit less. So finds a JP Morgan Chase Institute report, “How Falling Gas Prices Fuel the Consumer,” released last week. It surveyed one million of its customers in 23 states. Gasoline […]

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