latest news releases from the newsroom
HickoryTech Corporation Declares Regular Quarterly Dividend
MANKATO, Minn., Nov. 1, 2007 (PRIME NEWSWIRE) -- HickoryTech Corporation (Nasdaq:HTCO) announced today that its board of directors has declared a regular quarterly dividend of 12 cents per share, payable Dec. 5, 2007, to shareholders of record Nov. 15, 2007. The company has a long history of paying quarterly cash dividends.
Somerset Hills Bancorp
Somerset Hills Bancorp Reports Results for the Three and Nine Months Ended September 2007
BERNARDSVILLE, N.J., Nov. 1, 2007 (PRIME NEWSWIRE) -- Somerset Hills Bancorp (Nasdaq:SOMH) reported its results of operations for the three and nine month periods ended September 30, 2007. For the nine months ended September 30, 2007, net income increased by $27,000 to $1.6 million or $0.30 per diluted share compared to $1.5 million or $0.35 per diluted share for the nine ended September 30, 2006. For the quarter ended September 30, 2007, net income decreased by $69,000 to $504,000, or $0.10 per diluted share compared to $0.13 per diluted share for the third quarter of 2006. The Company's return on average equity declined to 5.53% for the nine months ended September 30, 2007 from 7.56% for the nine months ended September 30, 2006. The decline in earnings per diluted share and return on average equity in the current period and year to date partially reflects the impact of the issuance of approximately 1.3 million shares in 2006, and the addition of approximately $10.3 million in equity, upon the exercise of the Company's outstanding common stock purchase warrants which expired in November, 2006.