Salem

Mid-Southern Bancorp, Inc. Reports Results of Operations for the Second Quarter of 2020

Retrieved on: 
Monday, July 20, 2020

Net interest income after provision for loan losses decreased $214,000, or 12.2%, for the quarter ended June 30, 2020 to $1.5 million as compared to $1.8 million for the quarter ended June 30, 2019.

Key Points: 
  • Net interest income after provision for loan losses decreased $214,000, or 12.2%, for the quarter ended June 30, 2020 to $1.5 million as compared to $1.8 million for the quarter ended June 30, 2019.
  • The average cost of interest-bearing liabilities increased to 0.70% for the quarter ended June 30, 2020 from 0.63% for the same period in 2019.
  • Noninterest expense decreased $192,000, or 11.7%, for the quarter ended June 30, 2020 as compared to the same period in 2019.
  • The provision for the current quarter reflects expected credit losses based upon the conditions that existed as of June 30, 2020.

Salem Host Appointed by President Trump

Retrieved on: 
Wednesday, July 15, 2020
Entertainment, Communications, Defense, TV and Radio, Publishing, Other Defense, Conservatism in the United States, Media in the United States, Alt-right, Sebastian Gorka, Salem Media Group, Radio in the United States, Salem, America First

Salem Media Group , Inc. (Nasdaq: SALM) announced today that President Donald Trump has appointed Salem Radio Network host Dr. Sebastian Gorka to the National Security Education Board.

Key Points: 
  • Salem Media Group , Inc. (Nasdaq: SALM) announced today that President Donald Trump has appointed Salem Radio Network host Dr. Sebastian Gorka to the National Security Education Board.
  • He joined the Salem Radio Network in January 2019, as host of America First in the 3pm to 6pm ET time slot.
  • We are proud of the job Dr. Gorka is doing as a Salem Radio Host, and in only a short period of time he has established himself as an expert worthy of this appointment, said Edward G. Atsinger, III, CEO of the Salem Media Group.
  • Each day Salem serves a loyal and dedicated audience of listeners and readers numbering in the millions nationally.

Salem Media Group Schedules First Quarter 2020 Earnings Release and Teleconference

Retrieved on: 
Friday, May 29, 2020
Consumer, Religion, Books, Entertainment, TV and Radio, Salem, Media in the United States, Geography of Massachusetts

Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its first quarter 2020 financial results after the market closes on June 1, 2020.

Key Points: 
  • Salem Media Group, Inc. (NASDAQ: SALM) announced today that it plans to report its first quarter 2020 financial results after the market closes on June 1, 2020.
  • The company also plans to host a teleconference to discuss its results on June 1, 2020 at 2:00 P.M. Pacific Time.
  • To access the teleconference, please dial (877) 524-8416, and then ask to be joined to the Salem Media Group First Quarter 2020 call or listen to the webcast .
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.

Mid-Southern Bancorp, Inc. Announces Adoption of an Additional Stock Repurchase Program

Retrieved on: 
Wednesday, May 27, 2020
Financial markets, Stock market, Finance, Financial economics, Corporate finance, Equity securities, Share repurchase, Stock, Bank holding company, Targeted repurchase, Buyback

SALEM, Ind., May 27, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (NASDAQ - MSVB) (Company), the holding company for Mid-Southern Savings Bank, FSB (Bank), announced today that its Board of Directors has adopted an additional stock repurchase program.

Key Points: 
  • SALEM, Ind., May 27, 2020 (GLOBE NEWSWIRE) -- Mid-Southern Bancorp, Inc. (NASDAQ - MSVB) (Company), the holding company for Mid-Southern Savings Bank, FSB (Bank), announced today that its Board of Directors has adopted an additional stock repurchase program.
  • Under the new repurchase program, the Company may repurchase an additional 171,000 shares of its common stock, or approximately 5% of the current outstanding shares.
  • The Company repurchased 164,100 shares of its outstanding common stock at an average price of $12.13 per share under its stock repurchase plan it adopted on July 29, 2019.
  • There are currently 14,160 shares remaining to be purchased under the previous stock repurchase plan in addition to the 171,000 shares approved today by its Board of Directors.

Salem Media Group, Inc. Announces Temporary Suspension of Quarterly Dividend

Retrieved on: 
Tuesday, May 12, 2020
Entertainment, Communications, Consumer, TV and Radio, Religion, Books, Publishing, Salem Media Group, Salem, Media in the United States, Dividend, Geography of Massachusetts, Willamette River

The Board of Directors will re-assess the dividend suspension throughout the year to determine, in light of facts and circumstances at that time, whether and when to reinstate the dividend.

Key Points: 
  • The Board of Directors will re-assess the dividend suspension throughout the year to determine, in light of facts and circumstances at that time, whether and when to reinstate the dividend.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • With its unique programming focus, Salem provides compelling content, fresh commentary and relevant information from some of the most respected figures across the Christian and conservative media landscape.
  • Learn more about Salem Media Group, Inc., at www.salemmedia.com , Facebook and Twitter .

Mid-Southern Bancorp, Inc. Announces Declaration of its Quarterly Cash Dividend

Retrieved on: 
Monday, April 27, 2020
Communication, Forward-looking statement, Dividend, Stock exchange

The cash dividend will be payable on June 1, 2020 to shareholders of record as of the close of business on May 15, 2020.

Key Points: 
  • The cash dividend will be payable on June 1, 2020 to shareholders of record as of the close of business on May 15, 2020.
  • The Bank is a federally chartered savings bank headquartered in Salem, Indiana, approximately 40 miles northwest of Louisville, Kentucky.
  • This press release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934.
  • You should not place undue reliance on any forward-looking statement, which speaks only as of the date.

Mid-Southern Bancorp, Inc. Reports Results of Operations For the First Quarter Ended March 31, 2020

Retrieved on: 
Wednesday, April 22, 2020

Net interest income after provision for loan losses decreased $186,000, or 10.3%, for the quarter ended March 31, 2020 to $1.6 million as compared to $1.8 million for the quarter ended March 31, 2019.

Key Points: 
  • Net interest income after provision for loan losses decreased $186,000, or 10.3%, for the quarter ended March 31, 2020 to $1.6 million as compared to $1.8 million for the quarter ended March 31, 2019.
  • The average tax equivalent yield on interest-earning assets declined to 3.98% for the quarter ended March 31, 2020 from 4.26% for the quarter ended March 31, 2019, primarily due to a decrease in market interest rates.
  • The average cost of interest-bearing liabilities increased to 0.76% for the quarter ended March 31, 2020 from 0.57% for the same period in 2019.
  • Noninterest expense decreased $214,000, or 13.7%, for the quarter ended March 31, 2020 as compared to the same period in 2019.

Salem Media Group Assists Businesses Across the Country

Retrieved on: 
Monday, April 20, 2020
Professional services, Marketing, Advertising, Communications, Search engine marketing, Consulting, Public relations, Investor relations, Media in the United States, Salem Media Group, Salem, Massachusetts, Salem, Oregon, Salem, Multimedia, Borrell, Geography of Massachusetts, States of the United States

Salem Media Group , Inc. (NASDAQ: SALM) announced today that it and Salem Surround will be sponsoring free webinars featuring nationally known marketing and advertising experts Gordon Borrell, Corey Elliott, and Jim Brown from Borrell Associates Inc.

Key Points: 
  • Salem Media Group , Inc. (NASDAQ: SALM) announced today that it and Salem Surround will be sponsoring free webinars featuring nationally known marketing and advertising experts Gordon Borrell, Corey Elliott, and Jim Brown from Borrell Associates Inc.
  • We're very happy to team up with Borrell Associates in support of our communities and local business owners," says Jamie Cohen, Vice President of Broadcast Digital for Salem Media Group.
  • For more information on the free webinars or to register, visit https://SalemSurround.com
    Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Learn more about Salem Media Group, Inc. at www.salemmedia.com , Facebook and Twitter .

Salem Media Group’s KFSH FM (The Fish LA) Adds Keep the Faith with Penny to Nights

Retrieved on: 
Thursday, April 16, 2020
TV and Radio, Entertainment, Religion, Consumer, Media in the United States, KFSH-FM, KFSH, Salem Media Group, Salem, Salm, Geography of Massachusetts, States of the United States

Salem Media Group, Inc. (Nasdaq: SALM) today announced that KFSH-FM (The Fish LA) has entered into an agreement to air Keep the Faith with Penny weeknights 7:00pm to Midnight.

Key Points: 
  • Salem Media Group, Inc. (Nasdaq: SALM) today announced that KFSH-FM (The Fish LA) has entered into an agreement to air Keep the Faith with Penny weeknights 7:00pm to Midnight.
  • Keep the Faith with Penny airs on 127 radio stations coast to coast and is syndicated by Salem Media Groups Salem Music Network.
  • KFSH Program Director, Scott Valentine says, The Fish LA team is really glad to have Penny on the station.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.

Salem Media Group and Renaissance Communications Team Up to Promote www.WatchSalemMedia.com Video on Demand Platform

Retrieved on: 
Wednesday, April 8, 2020
Entertainment, Communications, Consumer, TV and Radio, General Entertainment, Religion, Publishing, Operating systems, Software, World Wide Web, Salem Media Group, Salem, Salm, Facebook

Salem Media Group, Inc. (Nasdaq: SALM) has entered into an agreement to have Renaissance Communications represent the www.WatchSalemMedia.com video on demand platform to the entertainment industry.

Key Points: 
  • Salem Media Group, Inc. (Nasdaq: SALM) has entered into an agreement to have Renaissance Communications represent the www.WatchSalemMedia.com video on demand platform to the entertainment industry.
  • Salem Media Group created its on demand video portal in 2019 to expand the reach of Salems proprietary video content as well as listener events like last years War for Americas Soul tour.
  • Salem Media Group is Americas leading multimedia company specializing in Christian and conservative content, with media properties comprising radio, digital media and book and newsletter publishing.
  • Learn more about Salem Media Group, Inc. at www.salemmedia.com , Facebook and Twitter @SalemMediaGrp.