Category: Banking and Financial Services

(AP) – Chesapeake Utilities Corp. (CPK) on Thursday reported second-quarter net income of $6.4 million. On a per-share basis, the Dover, Delaware-based company said it had profit of 39 cents. Earnings, adjusted for non-recurring costs, were 48 cents per share. The energy and utility company posted revenue of $136.7 million in the period. Chesapeake Utilities…

(AP) _ Artesian Resources Corp. (ARTNA) on Tuesday reported second-quarter net income of $3.9 million. The Newark, Delaware-based company said it had profit of 42 cents per share. The water resource management company posted revenue of $20.2 million in the period. Artesian Resources shares have decreased 4.5 percent since the beginning of the year. In…

WSFS Financial Corporation and Beneficial Bancorp, Inc. today announced the signing of an agreement to combine. As part of the $1.5 billion deal, subsidiaries WSFS Bank and Beneficial Bank will merge under the WSFS name. The combined company will be the largest, locally-based community bank in the Greater Delaware Valley. WSFS operates 77 offices, including…

AP) — Civic groups in Delaware are pushing for the reform of the state’s popular system for limited liability companies. The News Journal reports the Delaware Coalition for Open Government was joined by several other groups in asking Attorney General Matt Denn to appoint an independent counsel Monday. The independent counsel would identify weaknesses in…

(AP) – InterDigital Inc. (IDCC) on Thursday reported second-quarter earnings of $10.7 million. On a per-share basis, the Wilmington, Delaware-based company said it had net income of 30 cents. The wireless research and development company posted revenue of $69.6 million in the period. InterDigital shares have risen 7 percent since the beginning of the year.…

(AP) _ SLM Corp. (SLM) on Tuesday reported second-quarter net income of $109.8 million. The Newark, Delaware-based company said it had net income of 24 cents per share. Earnings, adjusted for non-recurring costs, came to 25 cents per share. The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment…

(AP) Navient Corp. (NAVI) on Tuesday reported second-quarter profit of $83 million. On a per-share basis, the Wilmington, Delaware-based company said it had net income of 31 cents. Earnings, adjusted for non-recurring costs, were 49 cents per share. The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research…