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Tag Archives: equity

Oil exploration company gets $400M from private equity firm

WILKINSON COUNTY — A private equity firm will invest up to $400 million to support efforts by Houston-based Halcón Resources Corp to drill for oil on the 314,000 acres that Halcón has leased in the Tuscaloosa Marine Shale of southwest Mississippi and southeast Louisiana. Halcón said yesterday that it would sell $150 million in preferred stock to Apollo Global Management, ...

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Report: State ranks third in U.S. in negative-equity homes

IRVINE, Calif — CoreLogic has released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in ...

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Trustmark sees higher quarterly net income; declares dividend

JACKSON — Trustmark Corporation (NASDAQ:TRMK) reported net income of $29.0 million in the first quarter of 2014, which represented diluted earnings per share of $0.43, an increase of 2.4 percent from the prior quarter and 13.2 percent compared to one year earlier. Trustmark’s performance during the first three months of 2014 produced a return on average tangible equity of 12.93 ...

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Duff brothers buy T.L. Wallace; make 'significant equity infusion'

COLUMBIA — Entrepreneurs Jim and Tom Duff have acquired T. L. Wallace Construction Inc. for an undisclosed amount. The Duff brothers own several other businesses including Southern Tire Mart, LLC, KLLM Transport Services, LLC, Forest Products Transports, LLC, Pine Belt Ford, LLC, as well as others with combined revenues exceeding $1.3 billion. As part of the acquisition of T. L. ...

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Heritage Bank capital call nearly $6 million

Leaders not certain money can be raised The FDIC has ordered Carthage-based Heritage Bank to raise nearly $6 million in capital by early September, and the institution’s leader is not asserting that the money can be raised. Heritage has $238 million in assets and $225 in total liabilities, leaving only $13 million in equity, according to a recent earnings statement. Also, ...

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