FDICIA

Freedom Financial Holdings Announces Earnings for First Quarter of 2024 and Reauthorization of Stock Buyback Program

Retrieved on: 
Jeudi, avril 25, 2024
Sale, OTCQX, Bank, Federal Home Loan Banks, Federal Reserve Bank, SBA, PPP, Asset, Real estate owned, FDICIA, Environment, Freedom, AOCI, Federal funds, Share repurchase, Calendar, Efficiency ratio

The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.

Key Points: 
  • The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.
  • Tangible Book Value per share1 increased during the quarter to $10.83 on March 31, 2024, compared to $10.78 on December 31, 2023.
  • Non-interest-bearing demand deposits decreased by $2.26 million from the linked quarter to $141.70 million and represented 15.85% of total deposits on March 31, 2024.
  • Yields on average earning assets were 5.99% in the first quarter of 2024, unchanged from the linked quarter and 5.38% in the calendar quarter.

Community Heritage Financial, Inc. Reports Earnings for the First Quarter of 2024

Retrieved on: 
Mardi, avril 23, 2024
MVB, Bank, OTC, Federal Reserve Bank, Insurance, Growth, ACL, FDICIA, NIM, Unemployment, GDP, CHF, FRB, NOW, Video game

Quarterly Highlights – Q1 2024 vs. Q4 2023

Key Points: 
  • Quarterly Highlights – Q1 2024 vs. Q4 2023
    Loans increased $17.7 million during the first quarter of 2024 to $830.6 million as of March 31, 2024.
  • Deposits increased $26.2 million in the first quarter of 2024 to $902.9 million as of March 31, 2024.
  • The net interest margin ("NIM") increased from 2.71% during the fourth quarter of 2023 to 2.80% during the first quarter of 2024.
  • Non-interest income totaled $974 thousand for the first quarter of 2024 compared to $713 thousand for the first quarter of 2023.

Community Heritage Financial, Inc. Reports Earnings for the Year Ended 2023

Retrieved on: 
Lundi, janvier 29, 2024
Probability, CECL, Total, Bank, FDICIA, Federal, DDA, Federal Reserve, Pressure, Commercial, MVB, Environment, OTC, Movement, CHF, Nature, Growth

The ratio of net charge-offs to average total loans was zero percent for each of the years ended 2023 and 2022.

Key Points: 
  • The ratio of net charge-offs to average total loans was zero percent for each of the years ended 2023 and 2022.
  • The volatile interest rate environment challenged earnings during 2023 as the Federal Reserve continued its efforts to rein in inflation.
  • Quarterly Highlights – Q4 2023 vs. Q3 2023
    Loans increased $14.9 million during the fourth quarter of 2023 compared to the third quarter of 2023.
  • The allowance for loan credit losses to loans ratio was 0.95% on December 31, 2023 compared to 0.92% on September 30, 2023.

Cynthia Dopjera Appointed to Board of Directors of Stellar Bancorp, Inc.

Retrieved on: 
Lundi, juillet 24, 2023
Stellar, STEL, Sarbanes–Oxley Act, Harper, Retirement, FDICIA, Risk, NYSE, Cynthia, Audit, Shareholder

HOUSTON, July 24, 2023 (GLOBE NEWSWIRE) -- Stellar Bancorp, Inc. (the “Company” or “Stellar”)(NYSE:STEL) today announced the election of Cynthia Dopjera to the Board of Directors of the Company effective July 20, 2023.

Key Points: 
  • HOUSTON, July 24, 2023 (GLOBE NEWSWIRE) -- Stellar Bancorp, Inc. (the “Company” or “Stellar”)(NYSE:STEL) today announced the election of Cynthia Dopjera to the Board of Directors of the Company effective July 20, 2023.
  • The Company has a 14-member Board, which consists of 11 independent directors.
  • “We are very pleased Cynthia is joining our Board of Directors.
  • Ms. Dopjera served as a member of the Board of Directors of Allegiance Bank beginning in 2019 prior to its merger with CommunityBank of Texas, N.A.