AFS

POTOMAC BANCSHARES, INC. REPORTS 2024 FIRST QUARTER RESULTS

Retrieved on: 
Dienstag, Mai 7, 2024
Total, Investment, ROE, AFS, Climate, OTC, BCT, Growth, ROA, Bank, The Company, Mobile phone

Total assets were $855.3 million as of Q1 2024 compared to $792.3 million as of Q1 2023, an increase of 8.0% or $63.0 million.

Key Points: 
  • Total assets were $855.3 million as of Q1 2024 compared to $792.3 million as of Q1 2023, an increase of 8.0% or $63.0 million.
  • Return on Assets (ROA) in Q1 2024 was 0.81% compared to 1.09% in Q1 2023, and 0.85% in the linked quarter.
  • Return on Equity (ROE) in Q1 2024 was 10.00% compared to 13.52% in Q1 2023, and 11.21% in the linked quarter.
  • The dividend is for all shareholders of record on May 3, 2024, and will be paid on May 10, 2024,

Great Ajax Corp. Announces Results for the Quarter Ended March 31, 2024

Retrieved on: 
Freitag, Mai 3, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Asset Management, REIT, Appendix, Sale, Rate, Investment, AFS, HTM, REO, CECL, Operating cost, Acquisition, Trust, AOCI, GAAP, UPB, Bank

Our net interest income for the quarter ended March 31, 2024, excluding any adjustment for expected credit losses was $1.6 million, a decrease of $1.5 million over the prior quarter.

Key Points: 
  • Our net interest income for the quarter ended March 31, 2024, excluding any adjustment for expected credit losses was $1.6 million, a decrease of $1.5 million over the prior quarter.
  • Our interest expense for the quarter ended March 31, 2024 decreased $0.4 million compared to the prior quarter primarily as a result of a decrease in our average balance of interest bearing debt.
  • During the quarter ended March 31, 2024, we recorded a $3.1 million write-down on our beneficial interests.
  • We recorded $0.4 million in impairment on our REO held-for-sale portfolio in other expense for the quarter ended March 31, 2024.

Advanced Fraud Solutions Targets Image Alteration with New Payee Positive Pay Feature

Retrieved on: 
Dienstag, April 30, 2024
Name, FIS, AFS, Fraud, Audit

Positive Pay by AFS now with Payee Positive Pay is a pointed response to this threat, leveraging strategic technology to enhance the security of traditional check processing.

Key Points: 
  • Positive Pay by AFS now with Payee Positive Pay is a pointed response to this threat, leveraging strategic technology to enhance the security of traditional check processing.
  • Lawrence Reaves, CEO of Advanced Fraud Solutions, highlighted the increasing risks of check fraud that businesses face today, particularly through altered payee details.
  • As check fraud continues to rise year over year, Advanced Fraud Solutions remains committed to providing proactive fraud prevention solutions for FIs and their business clients.
  • With the introduction of Payee Positive Pay to the Positive Pay by AFS platform, AFS continues to elevate the industry standard.

Red River Bancshares, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Donnerstag, April 25, 2024
HFI, CRA, Total, Small business, Community Bank, FTE, IBERIABANK, SBIC, AFS, Share repurchase, HTM, Small Business Administration, Environment, Federal Open Market Committee, Tax, Bank, Community Reinvestment Act, EPS, Movement, CFA, Community, S&P Global, FOMC, Growth

ALEXANDRIA, La., April 25, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2024.

Key Points: 
  • ALEXANDRIA, La., April 25, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2024.
  • Net income for the first quarter of 2024 was $8.2 million compared to $8.3 million for the prior quarter.
  • Net interest income for the first quarter of 2024 was $21.4 million compared to $21.3 million for the prior quarter.
  • Net interest margin FTE for the first quarter of 2024 was 2.83% compared to 2.82% for the prior quarter.

Summit Financial Group Reports First Quarter 2024 Earnings of $1.14 Per Share

Retrieved on: 
Donnerstag, April 25, 2024
Sale, PSB, Summit, Investment, AFS, Partnership, NIM, Tax, Acquisition, NPAS, Trust, Organization, Growth, Video game

MOOREFIELD, W.Va., April 25, 2024 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the first quarter of 2024, revealing a strong earnings performance marked by growth in loans.

Key Points: 
  • MOOREFIELD, W.Va., April 25, 2024 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the first quarter of 2024, revealing a strong earnings performance marked by growth in loans.
  • The Company recorded no provision for credit losses in the first quarter of 2024 compared to $1.50 million in the linked quarter.
  • NIM for the first quarter 2024 was 3.75 percent compared to 3.76 percent for the linked quarter and 3.83 percent for the prior-year quarter.
  • Summit recorded no provision for credit losses in the first quarter of 2024 compared to $1.50 million in both the linked quarter and the year ago quarter.

Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024

Retrieved on: 
Donnerstag, April 25, 2024
Sale, Investment, FHLB, FTE, AFS, Death, Software, SBSI, Insurance, Federal, Webcast, ETR, Retirement, Three Months, Loss, CDT, Workforce, FDIC, File, GAAP, Bank

TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024.

Key Points: 
  • TYLER, Texas, April 25, 2024 (GLOBE NEWSWIRE) -- Southside Bancshares, Inc. (“Southside” or the “Company”) (NASDAQ: SBSI) today reported its financial results for the quarter ended March 31, 2024.
  • Earnings per diluted common share were $0.71 and $0.83 for the three months ended March 31, 2024 and 2023, respectively.
  • Linked quarter, net interest income decreased $1.1 million, or 2.1%, compared to $54.5 million during the three months ended December 31, 2023.
  • Southside's management team will host a conference call to discuss its first quarter ended March 31, 2024 financial results on Thursday, April 25, 2024 at 11:00 a.m. CDT.

Veritex Holdings, Inc. Reports First Quarter 2024 Operating Results

Retrieved on: 
Dienstag, April 23, 2024
Sale, LHI, Total, Central Time, Investment, FHLB, AFS, PIN, Federal Home Loan Banks, Share repurchase, Tangibility, ACL, Webcast, Three Months, Acquisition, FDIC, Government, GAAP, Thrive, Bank

Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.

Key Points: 
  • Compared to the three months ended March 31, 2023, noninterest income for the three months ended March 31, 2024 decreased by $6.9 million, or 50.8%.
  • The dividend will be paid on or after May 24, 2024 to stockholders of record as of the close of business on May 10, 2024.
  • Specifically, Veritex reviews and reports tangible book value per common share; operating earnings; tangible common equity to tangible assets; return on average tangible common equity; pre-tax, pre-provision operating earnings; pre-tax, pre-provision operating return on average assets; pre-tax, pre-provision operating return on average loans; diluted operating earnings per share; operating return on average assets; operating return on average tangible common equity; and operating efficiency ratio.
  • The Company will host an investor conference call and webcast to review the results on Wednesday, April 24, 2024, at 8:30 a.m. Central Time.

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend

Retrieved on: 
Dienstag, April 23, 2024
Sale, Investment, AFS, Safety, ICS, Commercial, HTM, Snow, Federal, ATM, CDARS, Software, Environment, Pressure, Three Months, FDIC, GAAP, Certificate

The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.

Key Points: 
  • The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.
  • The net interest margin, on a tax-equivalent basis, was 2.59% for the three months ended March 31, 2024, compared to 2.66% for the three months ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended March 31, 2023.

Farmers and Merchants Bancshares, Inc. Reports Earnings of $1,219,987 or $0.39 per Share for the Three Months Ended March 31, 2024

Retrieved on: 
Dienstag, April 23, 2024
Sale, Federal Reserve, Investment, AFS, Federal Home Loan Banks, FleetBoston Financial, Insurance, Farmer, Growth, Farmers and Merchants Bank, Environment, Tax, Bank, FDIC, FRB

The Company’s return on average equity during the three months ended March 31, 2024 was 9.40% compared to 15.49% for the same period in 2023.

Key Points: 
  • The Company’s return on average equity during the three months ended March 31, 2024 was 9.40% compared to 15.49% for the same period in 2023.
  • The Company’s return on average assets during the three months ended March 31, 2024 was 0.61% compared to 1.05% for the same period in 2023.
  • In addition, average interest bearing liabilities increased by $83.7 million to $626.9 million for the three months ended March 31, 2024 from $543.2 million for the same period in 2023.
  • No provision was recorded for credit losses for the three months ended March 31, 2024.

Private Bancorp of America, Inc. Announces Strong Net Income and Earnings Per Share for First Quarter 2024

Retrieved on: 
Freitag, April 19, 2024
Sale, HFI, Investment, OTCQX, AFS, Federal Home Loan Banks, Trust, SBA, CDARS, Risk management, Environment, Culture, Unemployment, Tax, Client, Bank, Acquisition, Marketing, Government agency, Team, Growth, LTV

LA JOLLA, Calif., April 19, 2024 (GLOBE NEWSWIRE) -- Private Bancorp of America, Inc. (OTCQX: PBAM), (“Company”) and CalPrivate Bank (“Bank”) announced unaudited financial results for the first fiscal quarter ended March 31, 2024. The Company reported net income of $7.9 million, or $1.36 per diluted share, for the first quarter of 2024, compared to $7.9 million, or $1.36, in the prior quarter, and $9.0 million, or $1.57, in the first quarter of 2023.

Key Points: 
  • Net income for the first quarter of 2024 of $7.9 million, compared to $7.9 million in the prior quarter and $9.0 million in the first quarter of 2023.
  • The Company reported net income of $7.9 million, or $1.36 per diluted share, for the first quarter of 2024, compared to $7.9 million, or $1.36, in the prior quarter, and $9.0 million, or $1.57, in the first quarter of 2023.
  • The cost of total deposits was 2.61% for the first quarter of 2024 compared to 2.41% in the prior quarter.
  • Provision for income tax expense was $3.3 million for the first quarter of 2024, compared to $3.3 million for the prior quarter.