Altria (MO)
The tobacco giant reported its third quarter earnings for 2015. Net revenues totaled $6.69 billion, up from $6.49 billion from July through September 2014. Year-to-date net revenues totaled $19.1 billion, up from $18.2 billion the same time last year. Net earnings for the quarter totaled $1.52 billion, up from $1.39 billion the same three months last year. Year-to-date net earnings totaled $3.99 billion, up from $3.83 billion last year.
Brink’s (BCO)
The company reported its Q3 earnings for 2015. Revenues totaled $759.2 million, down from $872.5 million the same three months of 2014. Year-to-date revenues totaled $2.29 billion, down from $2.68 billion through September last year. Net income for the quarter totaled $7.2 million, down from $19.6 million third quarter last year. Year-to-date net income was a loss of $26.3 million, compared to last year’s loss through September of $60.7 million.
Six executives acquired a total of about 1,150 shares of common stock at $30.98 per share as part of the company’s deferred compensation program. CEO Thomas Schievelbein acquired 494.94 shares for a total of $15,333.
C&F Financial (CFFI)
Chairman and CEO Larry Dillon exercised options for 500 shares at $37.99 per share. He then sold the shares at $38.50 each for a total of $19,250.
CarMax (KMX)
Senior vice president Jon Daniels exercised stock options, acquiring 19,011 shares of common stock at $25.39 per share for a total of $482,689 and selling those at an average price of $59.46 per share for a total of $1,130,394, netting a profit of $647,705. He also sold 4,000 additional shares at $59.48 per share for a profit of $237,920.
Community Bankers Trust (ESXB)
The parent of Essex Bank reported a net loss of $7.7 million for the third quarter, compared to $1.7 million in the same period last year. The quarterly loss was fueled by a one-time $13.1 million charge related to its termination of a FDIC shared-loss agreement and $1.1 million in write-downs on two of its bank buildings and separate parcel of real estate. Its total assets were $1.14 billion, up from $1.12 billion. Its loans grew to $743.89 million from $698.33 million. Total deposits were $933.56 million, up from $921.71 million. Nonperforming assets, made up of foreclosed real estate and bad loans, totaled $16.7 million, down from $18.14 million a year ago.
Dominion (D)
The power company reported its third quarter earnings for 2015. Operating revenue totaled $2.97 billion, down from $3.05 billion July through September 2014. Year-to-date revenue totaled $9.12 billion, down from $9.49 billion the same time period last year. Net income for the quarter totaled $599 million, up from $531 million the same quarter last year. Year-to-date net income totaled $1.55 billion, up from $1.07 billion last year.
Four directors acquired a total of 364 shares of common stock at $71.43 per share as part of the company’s compensation plan. Three directors received 84 shares each. Director Mark Kington acquired 112 shares for a total of $8,000.
First Capital Bancorp (FCVA)
The parent of First Capital Bank reported its third quarter financials with net income available to common shareholders of $1.3 million, compared to $1.2 million in the same quarter last year. Its total assets grew to $623.25 million from $600.15 million last year. Its total loans were $487.43 million, up from $460.9 million. Total deposits were $520.52 million, up from $488.18 million. Its total nonperforming assets fell from $5.54 million last year to $3 million as of Sept. 30 this year.
The company declared a cash dividend of $0.01 per common share, payable on Dec. 21, to stockholders of record on Nov. 30.
Genworth Financial (GNW)
The company reported a net loss for the third quarter of $284 million, compared with a loss of $844 million in the same period a year ago. Those results include an after-tax loss of $296 million related to a write-off of acquisition costs from the sale of a block of life insurance. Genworth said it expects the previously announced sale of its lifestyle protection insurance business to generate approximately $400 million in net proceeds and that the deal will close by the end of the year. The company is also in the process of selling its European mortgage insurance business to AmTrust Financial Services. The deal is expected to produce proceeds of $55 million and close in the first quarter of 2016.
Performance Food Group (PFGC)
The foods distributor filed its earnings report for the first quarter of fiscal year 2016. Net sales totaled $3.92 billion, up from $3.69 billion the same quarter the previous year. Net income totaled $12.2 million, double last year’s first quarter total of $6.6 million.
Union Bankshares (UBSH)
The parent of Union Bank declared a quarterly dividend of $0.19 per share, payable on Nov. 27 to shareholders of record as of Nov. 13.
The company announced a share repurchase program to purchase up to $25 million of its common stock on the open market or through private transactions. The repurchases can be made through Dec. 31, 2016. That’s in addition to an existing stock repurchase program approved by the Union board last year and has approximately $2.5 million remaining for repurchase. It expires Dec. 31.
Village Bank & Trust Financial (VBFC)
The parent of Village Bank reported its third quarter financials with net income available to shareholders of $301,000, compared to a loss of $411,000 in the same period last year. Its total assets are quarter’s end were $423.65 million, down from $433 million a year ago. Its total loans were $295.54 million, up from $275.12 million. Total deposits fell to $369.03 million, from $380.66 million. Its total nonperforming assets decreased from $23.55 million in the third quarter last year to $12.5 million this year.
WestRock (WRK)
Fourteen directors each received 1,035 shares of common stock at $54.06 per share for individual totals of $55,952.
Altria (MO)
The tobacco giant reported its third quarter earnings for 2015. Net revenues totaled $6.69 billion, up from $6.49 billion from July through September 2014. Year-to-date net revenues totaled $19.1 billion, up from $18.2 billion the same time last year. Net earnings for the quarter totaled $1.52 billion, up from $1.39 billion the same three months last year. Year-to-date net earnings totaled $3.99 billion, up from $3.83 billion last year.
Brink’s (BCO)
The company reported its Q3 earnings for 2015. Revenues totaled $759.2 million, down from $872.5 million the same three months of 2014. Year-to-date revenues totaled $2.29 billion, down from $2.68 billion through September last year. Net income for the quarter totaled $7.2 million, down from $19.6 million third quarter last year. Year-to-date net income was a loss of $26.3 million, compared to last year’s loss through September of $60.7 million.
Six executives acquired a total of about 1,150 shares of common stock at $30.98 per share as part of the company’s deferred compensation program. CEO Thomas Schievelbein acquired 494.94 shares for a total of $15,333.
C&F Financial (CFFI)
Chairman and CEO Larry Dillon exercised options for 500 shares at $37.99 per share. He then sold the shares at $38.50 each for a total of $19,250.
CarMax (KMX)
Senior vice president Jon Daniels exercised stock options, acquiring 19,011 shares of common stock at $25.39 per share for a total of $482,689 and selling those at an average price of $59.46 per share for a total of $1,130,394, netting a profit of $647,705. He also sold 4,000 additional shares at $59.48 per share for a profit of $237,920.
Community Bankers Trust (ESXB)
The parent of Essex Bank reported a net loss of $7.7 million for the third quarter, compared to $1.7 million in the same period last year. The quarterly loss was fueled by a one-time $13.1 million charge related to its termination of a FDIC shared-loss agreement and $1.1 million in write-downs on two of its bank buildings and separate parcel of real estate. Its total assets were $1.14 billion, up from $1.12 billion. Its loans grew to $743.89 million from $698.33 million. Total deposits were $933.56 million, up from $921.71 million. Nonperforming assets, made up of foreclosed real estate and bad loans, totaled $16.7 million, down from $18.14 million a year ago.
Dominion (D)
The power company reported its third quarter earnings for 2015. Operating revenue totaled $2.97 billion, down from $3.05 billion July through September 2014. Year-to-date revenue totaled $9.12 billion, down from $9.49 billion the same time period last year. Net income for the quarter totaled $599 million, up from $531 million the same quarter last year. Year-to-date net income totaled $1.55 billion, up from $1.07 billion last year.
Four directors acquired a total of 364 shares of common stock at $71.43 per share as part of the company’s compensation plan. Three directors received 84 shares each. Director Mark Kington acquired 112 shares for a total of $8,000.
First Capital Bancorp (FCVA)
The parent of First Capital Bank reported its third quarter financials with net income available to common shareholders of $1.3 million, compared to $1.2 million in the same quarter last year. Its total assets grew to $623.25 million from $600.15 million last year. Its total loans were $487.43 million, up from $460.9 million. Total deposits were $520.52 million, up from $488.18 million. Its total nonperforming assets fell from $5.54 million last year to $3 million as of Sept. 30 this year.
The company declared a cash dividend of $0.01 per common share, payable on Dec. 21, to stockholders of record on Nov. 30.
Genworth Financial (GNW)
The company reported a net loss for the third quarter of $284 million, compared with a loss of $844 million in the same period a year ago. Those results include an after-tax loss of $296 million related to a write-off of acquisition costs from the sale of a block of life insurance. Genworth said it expects the previously announced sale of its lifestyle protection insurance business to generate approximately $400 million in net proceeds and that the deal will close by the end of the year. The company is also in the process of selling its European mortgage insurance business to AmTrust Financial Services. The deal is expected to produce proceeds of $55 million and close in the first quarter of 2016.
Performance Food Group (PFGC)
The foods distributor filed its earnings report for the first quarter of fiscal year 2016. Net sales totaled $3.92 billion, up from $3.69 billion the same quarter the previous year. Net income totaled $12.2 million, double last year’s first quarter total of $6.6 million.
Union Bankshares (UBSH)
The parent of Union Bank declared a quarterly dividend of $0.19 per share, payable on Nov. 27 to shareholders of record as of Nov. 13.
The company announced a share repurchase program to purchase up to $25 million of its common stock on the open market or through private transactions. The repurchases can be made through Dec. 31, 2016. That’s in addition to an existing stock repurchase program approved by the Union board last year and has approximately $2.5 million remaining for repurchase. It expires Dec. 31.
Village Bank & Trust Financial (VBFC)
The parent of Village Bank reported its third quarter financials with net income available to shareholders of $301,000, compared to a loss of $411,000 in the same period last year. Its total assets are quarter’s end were $423.65 million, down from $433 million a year ago. Its total loans were $295.54 million, up from $275.12 million. Total deposits fell to $369.03 million, from $380.66 million. Its total nonperforming assets decreased from $23.55 million in the third quarter last year to $12.5 million this year.
WestRock (WRK)
Fourteen directors each received 1,035 shares of common stock at $54.06 per share for individual totals of $55,952.