latest news releases from the newsroom
The NASDAQ OMX Group, Inc.
The NASDAQ Stock Market Announces Open Short-Interest Positions in NASDAQ Stocks for April 2007
NEW YORK, April 24, 2007 (PRIME NEWSWIRE) -- As of mid-April, short interest in 2,756 NASDAQ Global Market(sm) securities totaled 7,819,110,519 shares compared with 7,707,876,747 shares in 2,758 Global Market issues for the month of March.
Sun American Bancorp
Sun American Bancorp Q1 Earnings: Revenues Increase 39 Percent, Loans Grow 81 Percent, and Deposits Grow 95 Percent
BOCA RATON, Fla., April 24, 2007 (PRIME NEWSWIRE) -- Sun American Bancorp ("Sun American") (Nasdaq:SAMB), the bank holding company for Sun American Bank, today reported GAAP -- basis net income was $96,000 or $0.00 per diluted share, in the first quarter of 2007, compared to $272,000, or $0.01 per diluted share, in the first quarter a year ago. This is after the recognition of stock based compensation expense of approximately $255,000, non-recurring conversion costs for the Beach Bank acquisition of $147,000, non-recurring litigation settlement costs of $77,000, and provision for income taxes of $123,000 the first quarter of 2007. Not counting the non-recurring items of conversion and litigation settlement costs, $92,000 and $48,000 after tax, respectively, Sun American would have earned $236,000 or $0.01 per diluted share compared to $272,000 or $0.01 per diluted share. Provision for income taxes excluding the non-recurring items would have been $207,000 compared to no provision for income taxes first quarter of 2006 due to the utilization of tax benefits associated with past loss carry forwards.
The Connecticut Bank and Trust Company
CBT Tops $150 million in Assets; Reports Results for the 1st Quarter
HARTFORD, Conn., April 24, 2007 (PRIME NEWSWIRE) -- The Connecticut Bank and Trust Company (Nasdaq:CTBC) reported total assets of $155 million at March 31, 2007, an increase of $19 million from $136 million at December 31, 2006. The results of operations for the three months ended March 31, 2007 improved $239,000 to a loss of $638,000 or $0.18 per share compared to a loss of $877,000 or $0.25 per share for the quarter ended March 31, 2006.