latest news releases from the newsroom
Hancock Holding Company
Hancock Holding Company Announces Earnings for Second Quarter 2007
GULFPORT, Miss., July 17, 2007 (PRIME NEWSWIRE) -- Hancock Holding Company (Nasdaq:HBHC) announced earnings for the second quarter ended June 30, 2007. Hancock's second quarter 2007 earnings were $20.3 million, a decrease of $1.7 million, or 7.6 percent, from the second quarter of 2006. Diluted earnings per share for the second quarter of 2007 were $0.62, a decrease of $0.04 from the same quarter a year ago. Earnings for the second quarter of 2007 were up $1.1 million, or 5.7 percent, from the first quarter of 2007. Diluted earnings per share were up $0.04 from the first quarter of 2007.
Scott+Scott LLP Announces Landmark Disability Class Certified Against UPS -- UPS
COLCHESTER, Conn., July 17, 2007 (PRIME NEWSWIRE) -- United Parcel Service (UPS) (NYSE:UPS), the world's largest package delivery company, found itself on the losing end of a landmark court decision yesterday. Federal Judge Joy Flowers Conti, of the Western District of Pennsylvania, in a carefully reasoned opinion in the action entitled Hohider, et al. v. UPS, approved the certification of a nationwide class of UPS present and former employees, dating back to May 2000, who were precluded from returning to work due to medical reasons because of alleged across-the-board policies and practices of UPS that violate the Americans with Disabilities Act. The decision will affect thousands of capable employees.
Celsius Holdings, Inc.
Celsius Holdings Reports 2nd Quarter Results
DELRAY BEACH, Fla., July 17, 2007 (PRIME NEWSWIRE) -- Celsius Holdings, Inc. (the "Company") (OTCBB:CSUH) today reported revenue for the three month period ended June 30, 2007 was $376,000 as compared to $241,000 for the prior quarter, the three month period ended March 31, 2007 and as compared to $445,000 for the three month period ended June 30, 2006. The Company also reported a net loss of $726,000 or $0.01 per basic and diluted share for the three months ended June 30, 2007. This compares with net loss of $342,000 or $0.00 per basic and diluted share for the three months ended June 30, 2006.
Yadkin Financial Corporation
Crescent Financial Corporation Announces 44 Percent Quarterly Increase in Net Income for Second Quarter
CARY, N.C., July 17, 2007 (PRIME NEWSWIRE) -- Crescent Financial Corporation (Nasdaq:CRFN), parent company of Crescent State Bank headquartered in Cary, North Carolina, announced unaudited net income for the quarter ended June 30, 2007 of $1,448,000, reflecting a 44% increase over net income of $1,003,000 for the prior year quarter. Diluted earnings per share for both three-month periods was $0.15. Per share calculations have been adjusted to reflect the 11-for-10 stock split declared on April 18, 2007 and payable on May 22, 2007 to stockholders of record May 11, 2007. Comparative diluted earnings per share results were impacted by the 2,432,000 shares issued on August 31, 2006 in connection with the acquisition of Port City Capital Bank. Net income for the period ended June 30, 2007 included several non-recurring expense items. During June 2007, Port City Capital Bank, formerly a separate banking subsidiary of Crescent Financial Corporation, was merged into Crescent State Bank. Expenses related to the merger incurred during the second quarter amounted to $146,000, pre-tax. Additionally, the Company incurred $44,000 of legal and consulting expenses during the second quarter which are deemed to be non-recurring. The after tax impact of these expenses was approximately $122,000.
FFD Financial Corporation
FFD Financial Declares Quarterly Dividend
DOVER, Ohio, July 17, 2007 (PRIME NEWSWIRE) -- FFD Financial Corporation (Nasdaq:FFDF) announced that on July 17, 2007, the Board of Directors declared a dividend of fourteen cents ($0.14) per share to shareholders of record on August 1, 2007, payable on August 15, 2007. The rate of $.14 per share represents a 16.7% increase over the dividend paid for the same period the prior year. This is the forty-sixth consecutive quarter FFD Financial Corporation has paid a dividend.