Altria (MO)
The tobacco giant reported its second quarter earnings. Net earnings for the first six months of this year totaled $2.466 billion, up from $2.437 billion the first half of 2014. Zacks has more analysis.
The company’s board of directors authorized a new $1 billion share repurchase program, which it expects to complete by the end of 2016. The company just completed a different $1 billion program, repurchasing 5.2 million shares of common stock during the second quarter at an average price of $50.64 for a total of $263 million. As of June 30, it had approximately $63 million remaining in that program.
C&F Financial (CFFI)
The parent of C&F Bank reported its second quarter earnings with net income of $4.1 million, compared with $3.7 million in the same period of 2014. Its total assets grew to $1.37 billion, up from $1.34 billion. Total deposits at quarter’s end were $1.04 billion, up slightly from $1.03 billion. Total loans were $826 million, compared to $791 million a year ago. The bank’s total nonperforming assets were $5.6 million as of June 30, compared to $5.29 million at that point last year.
CarMax (KMX)
Director Thomas Stemberg purchased 7,610 shares of common stock at $14.49 per share for a total of $110,268. He then sold the shares at prices ranging from $66.30 to $66.42 per share for an average total of $505,151 – a profit of $394,883.
Eastern Virginia Bankshares (EVBS)
The parent of EVB reported its second quarter financials with net income of $1.5 million, down from $$1.65 million in the same period of 2014. Total assets were $1.21 billion, up from $1.05 billion. Loans totaled $840.71 million, up from $697.99 million. Deposts grew to $957.22 million from $821.52 million. Its total nonperforming assets at quarter’s end were $8.84 million, down from $10.37 million.
NewMarket (NEU)
The company reported its second quarter earnings. Net income for the first six months of the year totaled $122.6 million, down from $124.2 million the first half of the previous year. More analysis here.
Owens & Minor (OMI)
The medical and surgical supplies distributor reported its second quarter earnings. Net income for the first six months of the year totaled $43.1 million, down from $45.3 million the first half of 2014. Zacks has more analysis.
The company also reported that, effective Aug. 1, Executive Chairman Craig Smith will assume the role of non-executive chairman of the board of directors upon his retirement as an employee of the company. In that role, he will be paid $50,000 per quarter.
Union Bankshares (UBSH)
The parent of Union Bank reported its second quarter results with net income of $15.34 million, up from $14.63 million a year ago. Its total assets grew to $7.49 billion, up from $7.3 billion. Total loans were $5.51 billion, up from $5.23 billion. Deposits grew slightly to $5.78 billion, from $5.73 billion. Its total nonperforming assets totaled $31.7 million, a decrease of $29.9 million from the same period a year ago.
The company also declared a quarterly dividend of $0.17 per share.
Altria (MO)
The tobacco giant reported its second quarter earnings. Net earnings for the first six months of this year totaled $2.466 billion, up from $2.437 billion the first half of 2014. Zacks has more analysis.
The company’s board of directors authorized a new $1 billion share repurchase program, which it expects to complete by the end of 2016. The company just completed a different $1 billion program, repurchasing 5.2 million shares of common stock during the second quarter at an average price of $50.64 for a total of $263 million. As of June 30, it had approximately $63 million remaining in that program.
C&F Financial (CFFI)
The parent of C&F Bank reported its second quarter earnings with net income of $4.1 million, compared with $3.7 million in the same period of 2014. Its total assets grew to $1.37 billion, up from $1.34 billion. Total deposits at quarter’s end were $1.04 billion, up slightly from $1.03 billion. Total loans were $826 million, compared to $791 million a year ago. The bank’s total nonperforming assets were $5.6 million as of June 30, compared to $5.29 million at that point last year.
CarMax (KMX)
Director Thomas Stemberg purchased 7,610 shares of common stock at $14.49 per share for a total of $110,268. He then sold the shares at prices ranging from $66.30 to $66.42 per share for an average total of $505,151 – a profit of $394,883.
Eastern Virginia Bankshares (EVBS)
The parent of EVB reported its second quarter financials with net income of $1.5 million, down from $$1.65 million in the same period of 2014. Total assets were $1.21 billion, up from $1.05 billion. Loans totaled $840.71 million, up from $697.99 million. Deposts grew to $957.22 million from $821.52 million. Its total nonperforming assets at quarter’s end were $8.84 million, down from $10.37 million.
NewMarket (NEU)
The company reported its second quarter earnings. Net income for the first six months of the year totaled $122.6 million, down from $124.2 million the first half of the previous year. More analysis here.
Owens & Minor (OMI)
The medical and surgical supplies distributor reported its second quarter earnings. Net income for the first six months of the year totaled $43.1 million, down from $45.3 million the first half of 2014. Zacks has more analysis.
The company also reported that, effective Aug. 1, Executive Chairman Craig Smith will assume the role of non-executive chairman of the board of directors upon his retirement as an employee of the company. In that role, he will be paid $50,000 per quarter.
Union Bankshares (UBSH)
The parent of Union Bank reported its second quarter results with net income of $15.34 million, up from $14.63 million a year ago. Its total assets grew to $7.49 billion, up from $7.3 billion. Total loans were $5.51 billion, up from $5.23 billion. Deposits grew slightly to $5.78 billion, from $5.73 billion. Its total nonperforming assets totaled $31.7 million, a decrease of $29.9 million from the same period a year ago.
The company also declared a quarterly dividend of $0.17 per share.