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Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declares 16 Cent Dividend

Benzinga

per basic common share, for the fourth quarter ended December 31, 2022 (fourth quarter 2022), and $3.5 per basic common share, for the first quarter ended March 31, 2022 (first quarter 2022). Net Interest and Dividend Income Tax equivalent net interest income of $11.3 million, or 33.8%, from first quarter 2022.

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Mid Penn Bancorp, Inc. Reports First Quarter Earnings and Declares Dividend

Benzinga

With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 million, or 10.7% (annualized), from the fourth quarter of 2022. Loan growth was 11.2% (annualized) during the three months ended March 31, 2023 from the fourth quarter of 2022. Book value per common share was $32.15

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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure. Note the differences between the bank FCFE and bank dividend discount models. Note the differences between the bank FCFE and bank dividend discount models.

Banking 63
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Data Update 5 for 2022: The Bottom Line!

Musings on Markets

To make comparisons, profits are scaled to common metrics, with revenues and book value of investment being the most common scalar. The Value of Growth As investor tastes have shifted from earnings power to growth, there has been a tendency to put growth on a pedestal, and view it as an unalloyed good, but it is not.

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Data Update 7 for 2023: Dividends, Buybacks and Cash Flows

Musings on Markets

This is the last of my data update posts for 2023, and in this one, I will focus on dividends and buybacks, perhaps the most most misunderstood and misplayed element of corporate finance. Viewed in that context, dividends as just as integral to a business, as the investing and financing decisions.

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Minority Shareholder’s Petition to Dissolve Seltzer Business Loses Its Fizz

Farrel Fritz

For one of the “outside” shareholders who drew no salary and sought to monetize her 25% share of the trapped-in value of the real estate, those factors most likely contributed to her decision to sue for judicial dissolution of the three companies, claiming she was the victim of a freeze-out. The Dissolution Petitions. Realty Corp.,

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United Community Banks, Inc. and First Miami Bancorp, Inc. Announce Merger Agreement

Benzinga

Additionally, First Miami shareholders will receive a special cash dividend at closing from net proceeds of the sale of certain investment securities held by First Miami. As of December 31, 2022, FNBSM had total assets of $1.0 billion, total loans of $594 million, and total deposits of $867 million. per share, or 3% in 2024.

Banking 40