Apple Hospitality REIT (APLE)
The company announced it acquired two Marriott-branded hotels, bringing its portfolio to 238 hotels in 34 states. A property in Portland, Maine, was purchased for $55.8 million, while a Salt Lake City hotel was purchased for $25.5 million.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank posted its third quarter earnings, reporting net income of $742,000, down from $854,000 in the same period last year. Its total assets grew to $959.93 million. Total deposits were $735.41 million. Total loans were $739.7 million. See the full earnings report here.
Brink’s (BCO)
The armored car giant reported its third quarter earnings for 2017. Revenues totaled $849.5 million, up from $755.8 million the same quarter of 2016. Profits totaled $21.1 million, down from $25.9 million the same three months last year. Year-to-date revenues totaled $2.44 billion, up from $2.21 billion the first nine months of last year. Year-to-date profits totaled $75.1 million, up from $28.8 million last year.
The board appointed Daniel Henry as a non-employee director and received the resignation of director Peter Feld, effective Nov. 11.
Markel (MKL)
The insurance underwriter reported its third quarter earnings for 2017. Revenues totaled $1.5 billion, up from $1.43 billion the same quarter last year. Net income was a loss of $261 million, compared to $83.4 million in profits last year. Year-to-date revenues totaled $3.11 billion, up from $2.88 billion in 2016. Year-to-date net income was a loss of $38.5 million, compared to nine-month profits of $327.7 million last year.
New Market (NEU)
The petroleum-focused holding company reported its third quarter earnings for 2017. Revenues totaled $548.4 million, up from $516 million last year. Profits totaled $59.7 million, down from $71.4 million the same quarter last year. Year-to-date revenues totaled $1.63 billion, up from $1.54 billion last year. Year-to-date profits totaled $186.4 million, down from $197.7 million last year.
Union Bankshares (UBSH)
The parent of Union Bank & Trust said its chief retail officer Elizabeth Bentley is leaving her post Dec. 31. Bentley and Union entered into a severance agreement, which can be found here.
The company said president John Stallings will lead a national search for Bentley’s replacement.
Apple Hospitality REIT (APLE)
The company announced it acquired two Marriott-branded hotels, bringing its portfolio to 238 hotels in 34 states. A property in Portland, Maine, was purchased for $55.8 million, while a Salt Lake City hotel was purchased for $25.5 million.
Bay Banks of Virginia (BAYK)
The parent of Virginia Commonwealth Bank posted its third quarter earnings, reporting net income of $742,000, down from $854,000 in the same period last year. Its total assets grew to $959.93 million. Total deposits were $735.41 million. Total loans were $739.7 million. See the full earnings report here.
Brink’s (BCO)
The armored car giant reported its third quarter earnings for 2017. Revenues totaled $849.5 million, up from $755.8 million the same quarter of 2016. Profits totaled $21.1 million, down from $25.9 million the same three months last year. Year-to-date revenues totaled $2.44 billion, up from $2.21 billion the first nine months of last year. Year-to-date profits totaled $75.1 million, up from $28.8 million last year.
The board appointed Daniel Henry as a non-employee director and received the resignation of director Peter Feld, effective Nov. 11.
Markel (MKL)
The insurance underwriter reported its third quarter earnings for 2017. Revenues totaled $1.5 billion, up from $1.43 billion the same quarter last year. Net income was a loss of $261 million, compared to $83.4 million in profits last year. Year-to-date revenues totaled $3.11 billion, up from $2.88 billion in 2016. Year-to-date net income was a loss of $38.5 million, compared to nine-month profits of $327.7 million last year.
New Market (NEU)
The petroleum-focused holding company reported its third quarter earnings for 2017. Revenues totaled $548.4 million, up from $516 million last year. Profits totaled $59.7 million, down from $71.4 million the same quarter last year. Year-to-date revenues totaled $1.63 billion, up from $1.54 billion last year. Year-to-date profits totaled $186.4 million, down from $197.7 million last year.
Union Bankshares (UBSH)
The parent of Union Bank & Trust said its chief retail officer Elizabeth Bentley is leaving her post Dec. 31. Bentley and Union entered into a severance agreement, which can be found here.
The company said president John Stallings will lead a national search for Bentley’s replacement.