Federal Deposit Insurance Corporation

First Trust Advisors L.P. Announces Distributions for FT Energy Income Partners Enhanced Income ETF

Retrieved on: 
Jeudi, mai 9, 2024
Asset Management, Professional Services, Finance, MLP, Prospectus, ETF, Federal Reserve, Investment, RIC, Reputational damage, Federal Deposit Insurance Corporation, Risk, Uncertainty, NAV, Federal, Regulation, Transport, FTP, AIB (NI), FTA, Exercise, Internal Revenue Code, Tax, Public utility, Income tax, Land degradation, Terrorism, Face, Failure, ERISA, Infection, Judgement, Hamas, FINRA, Index, COVID-19

An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.

Key Points: 
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • A fund normally distributes income it earns, so a fund may be required to reduce its distributions if it has insufficient income.
  • Energy infrastructure companies may be directly affected by energy commodity prices, especially those companies which own the underlying energy commodity.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

Heritage Bank of Commerce Hires Chris Edmonds-Waters as Chief People and Culture Officer

Retrieved on: 
Lundi, mai 6, 2024
University, Organization, Federal Deposit Insurance Corporation, Arizona State University, Human resources, The arts, Silicon Valley Bank, SBA, Communication, Silicon, Charles Schwab Corporation, Commerce, Workforce, Heritage Bank, SAN, Management

SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024.

Key Points: 
  • SAN JOSE, Calif., May 06, 2024 (GLOBE NEWSWIRE) -- Heritage Bank of Commerce (the “Bank”), a subsidiary of Heritage Commerce Corp (Nasdaq: HTBK), today announced the appointment of Chris Edmonds-Waters, as Executive Vice President, Chief People and Culture Officer, effective April 30, 2024.
  • "We are thrilled to welcome Chris to our executive leadership team," remarked Clay Jones, President and Chief Executive Officer of Heritage Bank of Commerce.
  • His professional background makes him an excellent candidate to succeed Ms. Coonley as Chief People and Culture Officer.
  • Heritage Bank of Commerce is a member of the Federal Deposit Insurance Corporation.

Customer Satisfaction with Online-Only Banks Declines—Despite Higher Interest Rates and Fewer Problems, J.D. Power Finds

Retrieved on: 
Jeudi, mai 9, 2024
Professional Services, Technology, Finance, Banking, Internet, Personal Finance, Goldman Sachs, Ally Financial, Comptroller, Federal Deposit Insurance Corporation, J.D. Power, Neobank, Charles Schwab Corporation, Intelligence, Capital One, FDIC, OCC, Fraud

Driven by the prospect of higher interest rates, lower fees and around-the-clock access, new customers flocked to online-only direct banks during the past year.

Key Points: 
  • Driven by the prospect of higher interest rates, lower fees and around-the-clock access, new customers flocked to online-only direct banks during the past year.
  • Direct Banking Satisfaction Study,SM released today, struggles with customer service and timely problem resolution dragged down overall satisfaction scores.
  • “Customers of online-only direct banks have higher levels of satisfaction than customers of traditional banks, but satisfaction among direct bank customers declined this year, particularly those with checking accounts,” said Paul McAdam, senior director of banking and payments intelligence at J.D.
  • “Despite significant increases in deposit interest rates for both checking and savings accounts—but decreases in the proportion of customers who had to pay a fee or experienced a problem—overall satisfaction still declined.

LINKBANCORP Appoints Chief Risk Officer

Retrieved on: 
Mardi, mai 7, 2024
Eisel, Federal Deposit Insurance Corporation, Cornell College, Business, Risk management, FDIC, CAMP, The Company, Management

CAMP HILL, Pa., May 7, 2024 /PRNewswire/ -- Andrew Samuel, CEO of LINKBANCORP, Inc. (the "Company"), has announced the appointment of Catherine Eisel as Chief Risk Officer of the Company and its banking subsidiary, LINKBANK.

Key Points: 
  • CAMP HILL, Pa., May 7, 2024 /PRNewswire/ -- Andrew Samuel, CEO of LINKBANCORP, Inc. (the "Company"), has announced the appointment of Catherine Eisel as Chief Risk Officer of the Company and its banking subsidiary, LINKBANK.
  • In her capacity as Chief Risk Officer, Eisel, who originally joined LINKBANK as Deputy Chief Risk Officer, will serve as a member of the Company's executive leadership team and report directly to Samuel.
  • Her responsibilities will encompass overseeing all aspects of the Company's risk management program.
  • Samuel commented, "Given our continuing growth strategy, we understand the importance of consistently developing and maturing our enterprise-wide risk management program.

Territorial Bancorp Inc. Announces First Quarter 2024 Results

Retrieved on: 
Vendredi, mai 3, 2024
Sale, HOPE, Investment, FHLB, Federal Deposit Insurance Corporation, Federal Home Loan Banks, Federal Reserve Bank, Insurance, Compact disc, Bank of Hope, ESOP, Culture, Bank, FRB, FDIC

HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024.

Key Points: 
  • HONOLULU, Hawaii, May 03, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $482,000, or $(0.06) per diluted share, for the three months ended March 31, 2024.
  • As previously announced in a joint news release issued April 29, 2024, Hope Bancorp, Inc. (Nasdaq:HOPE) and the Company signed a definitive merger agreement.
  • Upon completion of the transaction, Hope Bancorp intends to maintain the Territorial franchise in Hawaii and preserve the 100-plus year legacy of the Territorial Savings Bank brand name, culture and commitment to the local communities.
  • The decrease in cash and cash equivalents was used to fund deposit withdrawals during the quarter ended March 31, 2024.

EQS-News: EV Digital Invest AG now offers customers savings accounts with attractive interest rates under the “Digital Invest Assets” brand

Retrieved on: 
Vendredi, mai 3, 2024
Ecosystem, Investment, Risk, Federal Deposit Insurance Corporation, Partnership, EUR, Digital, IPO, ETF, Cryptocurrency

EV Digital Invest AG reaches another milestone in the development of a digitally integrated financial ecosystem by offering a new call money account for new and existing customers under the "Digital Invest Assets" brand.

Key Points: 
  • EV Digital Invest AG reaches another milestone in the development of a digitally integrated financial ecosystem by offering a new call money account for new and existing customers under the "Digital Invest Assets" brand.
  • Permanent attractive interest rate and option to differentiate risk should target new customers and create synergy effects between existing products.
  • EV Digital Invest AG (ISIN: DE000A3DD6W5), operator of the online investment platforms “Engel & Völkers Digital Invest” and “Digital Invest Assets”, is consistently pursuing its course of building a digital and fully integrated financial ecosystem with a comprehensive portfolio of investment products and presents its new product: the savings account under the "Digital Invest Assets" brand with an attractive and consistent interest rate of 3.2 percent*.
  • Our goal is to offer our investors a broad spectrum of attractive investment opportunities under the 'Engel & Völkers Digital Invest' and 'Digital Invest Assets' brands.

Eagle Bancorp, Inc. Announces Results of Operations for First Quarter 2024

Retrieved on: 
Mercredi, avril 24, 2024
Sale, Total, Federal Deposit Insurance Corporation, Risk, Bank, CRE, Annual report, EagleBank, Workplace, ACL, EGBN, FDIC, The Company, Video game

Pre-provision net revenue ("PPNR")1, a non-GAAP financial measure, was $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.

Key Points: 
  • Pre-provision net revenue ("PPNR")1, a non-GAAP financial measure, was $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.
  • Net loss was $338 thousand for the first quarter 2024, compared to net income of $20.2 million in the prior quarter, with PPNR of $38.3 million for the first quarter 2024, compared to $38.8 million for the prior quarter.
  • The net interest margin ("NIM") remained steady at 2.43% for the first quarter 2024, compared to 2.45% for the prior quarter.
  • Provision for credit losses was $35.2 million for the first quarter 2024, compared to $14.5 million for the prior quarter.

Old National Bancorp Reports First Quarter 2024 Results

Retrieved on: 
Mardi, avril 23, 2024
Sale, International, Central Time, Investment, FTE, Visa, Old National Bank, Partnership, Growth, Tier 1, Acquisition, EPS, CapStar Bank, Nitenpyram, FDIC, Federal Deposit Insurance Corporation, PCD, Bank

Old National Bancorp (NASDAQ: ONB) reports 1Q24 net income applicable to common shares of $116.3 million, diluted EPS of $0.40; $130.8 million and $0.45 on an adjusted1 basis, respectively.

Key Points: 
  • Old National Bancorp (NASDAQ: ONB) reports 1Q24 net income applicable to common shares of $116.3 million, diluted EPS of $0.40; $130.8 million and $0.45 on an adjusted1 basis, respectively.
  • On April 1, 2024, Old National completed its acquisition of CapStar Financial Holdings, Inc. ("CapStar"), and its wholly-owned subsidiary, CapStar Bank.
  • Old National expects system conversions related to the transaction to be completed in the third quarter of 2024.
  • Old National will host a conference call and live webcast at 9:00 a.m. Central Time on Tuesday, April 23, 2024, to review first quarter financial results.

OceanFirst Financial Corp. Announces First Quarter Financial Results

Retrieved on: 
Jeudi, avril 18, 2024
Sale, Investment, FHLB, Federal Deposit Insurance Corporation, Federal Home Loan Banks, Expense management, Environment, Asset quality, Exercise, Tax, Access, Shareholder, Eastern Time Zone, Trust, OceanFirst Bank, FDIC, PCD, Credit, Telephone, GAAP, Growth, PTPP, Bank

Refer to “Explanation of Non-GAAP Financial Measures” and the “Non-GAAP Reconciliation” tables for additional information regarding non-GAAP financial measures.

Key Points: 
  • Refer to “Explanation of Non-GAAP Financial Measures” and the “Non-GAAP Reconciliation” tables for additional information regarding non-GAAP financial measures.
  • Refer to “Explanation of Non-GAAP Financial Measures” and the “Non-GAAP Reconciliation” tables for additional information regarding non-GAAP financial measures.
  • The current quarter results were impacted by the following matters.
  • OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a $13.4 billion regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston.

Bank OZK Announces Record First Quarter 2024 Earnings

Retrieved on: 
Mercredi, avril 17, 2024
Table, Total, Federal Deposit Insurance Corporation, PIN, Bank OZK, OZK, Webcast, ROCK, Bank, Telephone, GAAP, Interest

LITTLE ROCK, Ark., April 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income available to common stockholders for the first quarter of 2024 was a record $171.5 million, a 3.4% increase from $165.9 million for the first quarter of 2023.

Key Points: 
  • LITTLE ROCK, Ark., April 17, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that net income available to common stockholders for the first quarter of 2024 was a record $171.5 million, a 3.4% increase from $165.9 million for the first quarter of 2023.
  • Diluted earnings per common share for the first quarter of 2024 were a record $1.51, a 7.1% increase from $1.41 for the first quarter of 2023.
  • Pre-tax pre-provision net revenue (“PPNR”) was a record $272.7 million for the first quarter of 2024, a 10.7% increase from $246.4 million for the first quarter of 2023.
  • George Gleason, Chairman and Chief Executive Officer, stated, “Our record net income and record diluted earnings per share in the quarter just ended are an excellent start to 2024.