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Westbury Bancorp, Inc. Reports Net Income for the Three Months and Year Ended September...
WEST BEND, Wis., Oct. 30, 2020 (GLOBE NEWSWIRE) -- Westbury Bancorp, Inc. (OTCQX: WBBW), the holding company (the “Company”) for Westbury Bank (the “Bank”), today announced net income of $1.9 million, or $0.76 per common share for the three months ended September 30, 2020, and $7.2 million, or $2.59 per common share, for the year ended September 30, 2020, compared to net income of $1.9 million, or $0.59 per common share for the three months ended September 30, 2019, and net income of $6.9 million, or $2.15 per common share, for the year ended September 30, 2019. Highlights for the year included: During the year ended September 30, 2020, our net loan portfolio increased by $31.7 million, or 3.70%. The portfolio increase occurred primarily in commercial business - PPP loans, multifamily and home equity line of credit loans, offset by reductions in commercial and industrial loans, and single family loans. During the year ended September 30, 2020, our deposits increased by $47.7 million, or 6.55%. The deposit increases occurred primarily in checking and savings accounts, offset by decreases in certificate of deposit accounts. Net interest income decreased $133,000, or 0.52%, to $25.6 million for the year ended September 30, 2020
Apple warns regulation of App Store could ‘materially’ hit its results
Apple’s lucrative App Store fees could be slashed by regulators to the tune of billions of dollars a year, the company warned investors Friday. The iPhone maker said in its most recent annual report that the growing regulatory pressures targeting Big Tech could have a major impact on its bottom line. “If the rate of the commission that [Apple] retains on [App Store] sales is reduced, or if it is otherwise narrowed in scope or eliminated, the company’s financial condition and operating results could be materially adversely affected,” the company wrote in its 10-K report. Apple earlier this month was excoriated by the House Judiciary Committee’s antitrust panel, which accused it — along with Facebook, Amazon and Google parent Alphabet — of becoming “the kinds of monopolies we last saw in the era of oil barons and railroad tycoons.” Apple approves every app that gets onto its App Store, which is the only way to get software onto the company’s iPhones and iPads. The California-based tech giant charges developers a 30-percent commission for in-app purchases and restricts them from telling users about cheaper purchasing options. Though Apple did not specify how much it could be on the hook for if its
Helios Technologies Upsizes Credit Facilities to $900M
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Helios Technologies (Nasdaq: HLIO) ("Helios" or the "Company"), a global industrial technology leader that...
Boarded-Up Windows and Increased Security: Retailers Brace for the Election
Nordstrom, the high-end department store chain, said it planned to board up some of its 350 stores and hire extra security for Election Day on Tuesday. Tiffany & Company, the luxury jeweler, said “windows of select stores in key cities will be boarded in anticipation of potential election-related activity.” Saks Fifth Avenue said it was “implementing additional security measures at certain locations in the event of civil unrest due to the current election.”In Beverly Hills, the police said they would take a “proactive approach” and close Rodeo Drive, a renowned strip of luxury retailers, on Tuesday and Wednesday, citing the likelihood of increased “protest activity.” The police, working with private security companies, said they would also be on “full alert” throughout Beverly Hills starting on Halloween and continuing into election week.The nation is on edge as the bitter presidential contest finally nears an end, the latest flash point in a bruising year that has included the pandemic and widespread protests over social justice. Anxiety has been mounting for months that the election’s outcome could lead to civil unrest, no matter who wins. In the retail industry, many companies are not simply concerned about possible mayhem — they are planning for
Protesters clash with Spanish police over Covid-19 restrictions in Barcelona
BARCELONA (REUTERS) -Protesters who deny the existence of Covid-19 and object to restrictions to curb the pandemic's spread clashed with police in Barcelona on Friday (Oct 30). About 50 demonstrators threw bricks and fireworks at police in the centre of Spain's second largest city, police said. Police repelled the protesters but did not charge, a spokesman for the Mossos d'Escuadra, the Catalan regional police, said. Earlier, about 700 people staged a peaceful demonstration through one of the city's main streets. It follows similar disturbances sparked by those who deny the existence of the pandemic in Bilbao, in Spain, on Thursday and in cities across Italy on Monday. Spain, one of the hardest-hit countries by Covid-19, imposed a state of emergency this week to try halt the rise of coronavirus infections. Like other European countries, Spain has resorted to increasingly drastic measures to curb infections, although less stringent than in Germany or France. The state of emergency grants regional authorities the power to limit freedom of movement through lockdowns and curfews. Related Stories:
