First Bancorp

The First Bancorp Declares Third Quarter Dividend

Retrieved on: 
Thursday, September 30, 2021
Banking, Professional Services, Finance, Security (finance), Board of directors, Private Securities Litigation Reform Act, First National Bank, NASDAQ, U.S. Securities and Exchange Commission, First Bancorp, Board, Director, FNLC, Republic Bank & Trust Company, Company, Bank

The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share.

Key Points: 
  • The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share.
  • This third quarter dividend is payable October 22, 2021 to shareholders of record as of October 12, 2021.
  • Based on the September 29, 2021 closing price of $29.50 per share, the annualized dividend of $1.28 per share translates to a yield of 4.34%.
  • "The First Bancorp has followed record annual earnings in 2020 with record first half earnings in 2021," remarked President & Chief Executive Officer, Tony C. McKim.

First Bank Wins Mastercard's Doing Well By Doing Good Award

Retrieved on: 
Tuesday, August 31, 2021
Well, Good, Face, COVID, Acquisition, View, Nasdaq, Equal housing lender, Forbes, Multimedia, First Bancorp, CEO, First Bank, FDIC, Banco do Brasil, Mastercard, Technology, Bank

SOUTHERN PINES, N.C., Aug. 31, 2021 /PRNewswire/ -- First Bank has been selected by Mastercard for the Doing Well by Doing Good Award in its third annual Mastercard Community Institution Segment Awards.

Key Points: 
  • SOUTHERN PINES, N.C., Aug. 31, 2021 /PRNewswire/ -- First Bank has been selected by Mastercard for the Doing Well by Doing Good Award in its third annual Mastercard Community Institution Segment Awards.
  • Doing Well by Doing Good: best use of assets in community service or charitable contributions.
  • "The Doing Well by Doing Good Award perfectly captures everything we've been aiming to do, especially over the last year in the face of COVID and everything else," said Mike Mayer, First Bank president and CEO.
  • As a state-chartered community bank, First Bank operates 100 bank branches in North Carolina and South Carolina.

Popular, Inc. to Participate in the upcoming UBS Financial Services Virtual Conference

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Insurance, Finance, Finance, Banks, Companies, Rosemont, Illinois, Popular, Inc., UBS, PUERTO RICO, First Bancorp, W Holding Company

Popular, Inc. (NASDAQ: BPOP) announced today that it will participate in the upcoming UBS Financial Services Virtual Conference on Wednesday, August 11, 2021.

Key Points: 
  • Popular, Inc. (NASDAQ: BPOP) announced today that it will participate in the upcoming UBS Financial Services Virtual Conference on Wednesday, August 11, 2021.
  • Carlos J. Vzquez, Executive Vice President and Chief Financial Officer of Popular, Inc., will speak at 3:00 p.m. Eastern Time.
  • Founded in 1893, Banco Popular de Puerto Rico, Populars principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries.

First BanCorp. Announces Payment of Dividends on Preferred Stock

Retrieved on: 
Tuesday, August 3, 2021
Banking, Professional services, Finance, Financial markets, Finance, Financial economics, First Bancorp, FirstBank, Legal entities, Dividend, First Bank, PUERTO RICO, Limited liability company, Preferred stock, First Bank of Nigeria

is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.

Key Points: 
  • is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in Puerto Rico, the U.S. and British Virgin Islands and Florida, and of FirstBank Insurance Agency, LLC.
  • Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and First Express, Inc., both small loan companies.
  • First BanCorps shares of common stock trade on the New York Stock Exchange under the symbol FBP.
  • Such forward-looking statements include, but are not limited to, statements regarding the Corporations ability to declare dividends on the Corporations Preferred Stock in any future periods.

Stock Yards Bancorp to Participate in the KBW Virtual Community Bank Investor Conference

Retrieved on: 
Monday, August 2, 2021
Regions of the United States, Banks of the United States, Economy of the United States, U.S. Bancorp, Subprime mortgage crisis, JPMorgan Chase, First Bancorp

LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.

Key Points: 
  • LOUISVILLE, Ky., Aug. 02, 2021 (GLOBE NEWSWIRE) -- Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in the Louisville, central, eastern and northern Kentucky, as well as the Cincinnati and Indianapolis metropolitan markets, today announced that James A.
  • Louisville, Kentucky-based Stock Yards Bancorp, Inc., with $6.1 billion in assets, was incorporated in 1988 as a bank holding company.
  • It is the parent company of Stock Yards Bank & Trust Company, which was established in 1904.
  • For more information about Stock Yards Bancorp, visit the Companys website at www.syb.com .

OFG Bancorp Announces New Share Repurchase Program of $50 Million

Retrieved on: 
Wednesday, July 28, 2021
Banking, Professional services, Finance, OFG Bancorp, Spanish Empire, Oriental Bank, Countries, Share repurchase, Bank holding company, PUERTO RICO, Financial markets, First Bancorp

OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFGs capital actions thus far in 2021.

Key Points: 
  • OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFGs capital actions thus far in 2021.
  • The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board.
  • Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.
  • Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands.

OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 50%

Retrieved on: 
Wednesday, July 28, 2021
Banking, Professional services, Finance, Insular areas of the United States, Small Island Developing States, OFG Bancorp, Countries, Islands, Spanish Empire, Oriental Bank, Ex-dividend date, Dividend, PUERTO RICO, United States Virgin Islands, First Bancorp

OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per share, for the quarter ending September 30, 2021.

Key Points: 
  • OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per share, for the quarter ending September 30, 2021.
  • The dividend is payable October 15, 2021, to holders of record at September 30, 2021, with an ex-dividend date of September 29, 2021.
  • Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.
  • Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services and technology, primarily in Puerto Rico and U.S. Virgin Islands.

Hope Bancorp Announces New $50 Million Stock Repurchase Program

Retrieved on: 
Monday, July 26, 2021
Banking, Professional services, Bank regulation in the United States, Financial services, Companies, Finance, Bank of Hope, Bank holding company, Federal Deposit Insurance Corporation, Banq, Sun National Bank, First Bancorp

Hope Bancorp, Inc. (the Company) (NASDAQ: HOPE), the holding company of Bank of Hope (the Bank), today announced that its board of directors has approved a new stock repurchase program authorizing the Company to repurchase up to $50 million of its common stock.

Key Points: 
  • Hope Bancorp, Inc. (the Company) (NASDAQ: HOPE), the holding company of Bank of Hope (the Bank), today announced that its board of directors has approved a new stock repurchase program authorizing the Company to repurchase up to $50 million of its common stock.
  • The stock repurchase authorization does not have any expiration date and may be modified, amended, suspended or discontinued at the Companys discretion at any time without notice.
  • Hope Bancorp, Inc. is the holding company of Bank of Hope, the first and only super regional Korean-American bank in the United States with $17.47 billion in total assets as of June 30, 2021.
  • Bank of Hope is a California-chartered bank, and its deposits are insured by the FDIC to the extent provided by law.

OFG Bancorp Reports 2Q21 Results

Retrieved on: 
Wednesday, July 21, 2021
Banking, Professional services, Finance, Oriental Bank, OFG Bancorp, First Bancorp

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2021.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the second quarter ended June 30, 2021.
  • 2Q21 increased 27.7% from 1Q21 due to gains in all major categories, led by commercial and auto lending.
  • A conference call to discuss 2Q21 results, outlook and related matters will be held today at 10:00 AM ET.
  • Now in its 57th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.

Republic First Bancorp, Inc. to Report Second Quarter Financial Results on July 23, 2021

Retrieved on: 
Friday, July 16, 2021
Banking, Financial services, Bank regulation, Deposit insurance, Federal Deposit Insurance Corporation, Forward-looking statement, Finance, Republic Bank & Trust Company, First Bancorp

Republic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC).

Key Points: 
  • Republic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC).
  • The Bank provides diversified financial products through its thirty-two stores located in the Greater Philadelphia, Southern New Jersey and New York market place.
  • The forward-looking statements contained herein, are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected in the forward-looking statements.
  • All such statements are made in good faith by the Company pursuant to the safe harbor provisions of the U.S.