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Companies See Solid Revenue Growth

Arkansas Business, 2023-06, Vol.40 (25), p.11-11

COPYRIGHT 2023 Journal Publishing, Inc. ;Copyright Arkansas Business Jun 19-Jun 25, 2023 ;ISSN: 1053-6582

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  • Title:
    Companies See Solid Revenue Growth
  • Author: Moritz, Gwen
  • Subjects: Banking ; Company earnings/profit ; Company sales and earnings ; Coronaviruses ; Private companies ; Rankings
  • Is Part Of: Arkansas Business, 2023-06, Vol.40 (25), p.11-11
  • Description: The price to make the cutoff was $111.49 million, the revenue reported by Magnolia Banking Corp., the holding company for Farmers Bank & Trust Co., up from $96 million last year. The Priority companies of Little Rock, a wire and cable distributor and a freight brokerage, jumped from No. 9 to No. 4, pushing RML Automotive and McLarty Automotive Group each down a peg despite each adding at least $100 million to their sales totals. A full year of revenue from Farmers Bank & Trust's acquisition of Community First Trust Co. in 2021 and the acquisition of nine branches from Arvest Bank of Fayetteville in January 2022 contributed to its 20% increase in revenue, according to Vice Chairman and General Counsel Bruce Maloch.
  • Publisher: Little Rock: Journal Publishing, Inc
  • Language: English
  • Identifier: ISSN: 1053-6582
  • Source: ProQuest Central
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