The tobacco giant reported purchasing 12 million shares of Anheuser-Busch InBev SA/NV subsequent to the closing of AB InBev’s merger with SABMiller. Altria now has 10.2 percent ownership of AB InBev.
The armored car giant reported its third quarter earnings for 2016. Revenues totaled $755.8 million, down from $759.2 million the same three months last year. Profits totaled $25.9 million, up from $7.2 million the same quarter last year. Year-to-date revenues totaled $2.21 billion, compared to $2.29 billion the same time last year. Year-to-date profits totaled $$28.8 million, compared to a loss of $28.7 million last year.
C&F Financial (CFFI)
The parent of C&F Bank reported its third quarter financials, citing net income for the three months of $3.1 million, down from $3.5 million in the same period last year. See the rest of the results here.
Community Bankers Trust (ESXB)
The parent of Essex Bank entered into change in control agreements with its top executives Rex Smith, Bruce Thomas, Jeff Cantrell, John Oakey, Patricia Vogel and William Saunders. The agreement provides for the employment of the executives following a “change in control” for a period of two years. That includes a base salary that at the least is equal to their salary in the 12 months before the change in control, along with other perks. The agreement also includes certain payments for termination “without cause” or for “good reason.”
Eastern Virginia Bankshares (EVBS)
The parent of EVB reported its third quarter results with net income dropping slightly to $1.99 million from $2.01 million. See the full results here.
Union Bankshares (UBSH)
The parent of Union Bank & Trust reported its third quarter results with net income of net income of $20.4 million, up $1.1 million from the same period last year. See the full report here.
Xenith Bankshares (XBKS)
The parent of Xenith Bank completed its previously-announced sale of certain assets of its Gateway Bank Mortgage subsidiary to Cornerstone Home Lending. Xenith received proceeds of approximately $87,000. Read more about the deal here.