The Board of Directors of Home BancShares, Inc. (Nasdaq:HOMB), parent company of Centennial Bank, declared a regular $0.054 per share quarterly cash dividend payable December 1, 2010, to shareholders of record November 10, 2010.
After taking into consideration the 10% stock dividend paid in June 2010, this cash dividend is equal to the cash dividend paid each quarter during 2009.
LookSmart, Ltd. (Nasdaq:LOOK), an online search advertising network solutions company, will report financial results for the third quarter ended September 30, 2010, on Monday, November 1, 2010, after the market close.
LOOK will hold a conference call to discuss the results the same day. The conference call will be hosted by Dr. Jean-Yves Dexmier, Executive Chairman and Chief Executive Officer, and Steve Markowski, Chief Financial Officer.
Southern National Bancorp of Virginia Inc. (Nasdaq:SONA), the holding company for Sonabank, reported that net income for the quarter ended September 30, 2010 was $1.1 million and $3.2 million for the nine months ended September 30, 2010 compared to $88 thousand and $637 thousand during the third quarter and the first nine months of 2009. The earnings for the quarter and the nine months were reasonably good as we continued to slog through a difficult environment.
SONA’s loan pipeline appears strong, but in more and more cases the company is finding serious problems during the underwriting process where the potential borrower is in default or on the edge of default with other lenders. As a result, and with payoffs in the Greater Atlantic FDIC covered portfolio, loan growth has slowed.
T-3 Energy Services, Inc. (Nasdaq:TTES) reported that third quarter 2010 income from continuing operations increased to $4.5 million, or $0.34 per diluted share, compared to $3.3 million, or $0.25 per diluted share for the second quarter.
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