MBS

Ready Capital Corporation Reports First Quarter 2024 Results

Retrieved on: 
Mercoledì, Maggio 8, 2024
Transfer, Total, Small business, RC, Investment, ASC, MBS, Business, Microsoft, LMM, REIT, Small Business Administration, Calendar, GAAP, Growth, Bank

NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended March 31, 2024.

Key Points: 
  • NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Ready Capital Corporation (“Ready Capital” or the “Company”) (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services lower-to-middle-market (“LMM”) investor and owner occupied commercial real estate loans, today reported financial results for the quarter ended March 31, 2024.
  • “We continue to address the challenges caused by the current recession in commercial real estate,” said Thomas Capasse, Ready Capital’s Chairman and Chief Executive Officer.
  • In addition to the results presented in accordance with U.S. GAAP, this press release includes distributable earnings, formerly referred to as core earnings, which is a non-U.S. GAAP financial measure.
  • The table below reconciles Net Income computed in accordance with U.S. GAAP to Distributable Earnings.

Chimera Declares Second Quarter 2024 Preferred Stock Dividends

Retrieved on: 
Giovedì, Maggio 9, 2024
REIT, Finance, Banking, Professional Services, Construction & Property, CME, Investment, Materiality, Risk, Annual report, Security (finance), MBS, Disclosure, Classification, ABS, Trust, Holding company

The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.

Key Points: 
  • The Board of Directors of Chimera announced the declaration of its second quarter cash dividend of $0.50 per share of 8% Series A Cumulative Redeemable Preferred Stock.
  • The dividend is payable July 1, 2024 to preferred shareholders of record on June 3, 2024.
  • The dividend is payable July 1, 2024 to preferred shareholders of record on June 3, 2024.
  • The Board of Directors of Chimera also announced the declaration of its second quarter cash dividend of $0.484375 per share of 7.75% Series C Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock.

Federal Home Loan Bank of Des Moines Announces First Quarter 2024 Financial Results, Declares Dividend

Retrieved on: 
Giovedì, Aprile 25, 2024
Investment, Capital, Housing, Federal Home Loan Banks, AHP, MBS, Government, Bank, Asset

The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.

Key Points: 
  • The Federal Home Loan Bank of Des Moines (the Bank) expects to make dividend payments totaling $147 million on May 13, 2024.
  • The Bank’s housing and community development programs are central to its mission by providing reliable liquidity and funding to help its members build strong communities.
  • Net Income - For the three months ended March 31, 2024, the Bank recorded net income of $274 million compared to $191 million for the same period in 2023.
  • The increase was driven primarily by higher short-term interest rates and average balances, which improved earnings on invested capital.

Federal Home Loan Bank of Dallas Reports First Quarter 2024 Operating Results

Retrieved on: 
Lunedì, Aprile 29, 2024
Banking, Professional Services, Finance, United States Treasury security, Federal Home Loan Banks, Sale, Security (finance), Federal, Federal Reserve, Investment, Bank, MBS, Cryptocurrency

The Federal Home Loan Bank of Dallas (Bank) today reported net income of $180.6 million for the quarter ended March 31, 2024.

Key Points: 
  • The Federal Home Loan Bank of Dallas (Bank) today reported net income of $180.6 million for the quarter ended March 31, 2024.
  • Total assets at March 31, 2024 were $125.1 billion, compared with $128.3 billion at December 31, 2023.
  • At March 31, 2024 and December 31, 2023, the Bank also held a $0.1 billion long-term U.S. Treasury Note classified as trading.
  • The Bank's retained earnings increased to $2.513 billion at March 31, 2024 from $2.413 billion at December 31, 2023.

FHLBank Pittsburgh Announces First Quarter 2024 Operating Highlights

Retrieved on: 
Giovedì, Aprile 25, 2024
Professional Services, Residential Building & Real Estate, Insurance, Finance, Construction & Property, Banking, Federal Home Loan Banks, AHP, Federal Reserve, Letter, MBS, Growth, Bank

The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the first quarter of 2024.

Key Points: 
  • The Federal Home Loan Bank of Pittsburgh (FHLBank) announced today unaudited financial results for the first quarter of 2024.
  • Interest income was $1,539.1 million for the first quarter of 2024, compared to $1,239.0 million in the same prior-year period.
  • Interest expense was $1,343.4 million for the first quarter of 2024, compared to $1,081.6 million in the same prior-year period.
  • Detailed financial information regarding first quarter 2024 results will be available in FHLBank's Quarterly Report on Form 10-Q, which FHLBank anticipates filing no later than May 13, 2024.

PBCO Financial Corporation Reports Q1 2024 Earnings

Retrieved on: 
Giovedì, Aprile 18, 2024
Banking, Professional Services, Finance, Investment, Capital, Tier 1 capital, MBS, Weakness, Bank, Risk-weighted asset, Commerce, EPS, Growth

PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $1.7 million and earnings per diluted share of $0.31 for the quarter ended March 31, 2024, compared to a loss of $3.90 million and -$0.73 per diluted share for the quarter ended December 31, 2023.

Key Points: 
  • PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $1.7 million and earnings per diluted share of $0.31 for the quarter ended March 31, 2024, compared to a loss of $3.90 million and -$0.73 per diluted share for the quarter ended December 31, 2023.
  • The new loans booked during the quarter assisted with improving the bank’s net interest margin versus the prior quarter.
  • First quarter 2024 non-interest income totaled $2.0 million, a decrease of $315 thousand from the fourth quarter of 2023.
  • Tangible Capital was $74.9 million, or 9.49% as of March 31, 2024, versus fourth quarter of 2023 at $73.8 million, or 9.73%, which increased due to improvement in earnings.

Laserfiche Reimagines Partner Ecosystem to Empower Solution Providers Worldwide

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Martedì, Aprile 16, 2024
Software, Networks, Internet, Data Management, Technology, Apps, Applications, Mobile, Wireless, Security, CRN, Ecosystem, Investment, Communication, Conference, MBS, Software as a service, Information management, Knowledge, Automation, Marketing, Channel, The Channel Company, Organization, Growth, Woman, Management

Testament to this, MBS, a nearly 20-year-old Laserfiche Solution Provider that has customers in 49 countries worldwide, experienced 200% growth in the number of Laserfiche users served.

Key Points: 
  • Testament to this, MBS, a nearly 20-year-old Laserfiche Solution Provider that has customers in 49 countries worldwide, experienced 200% growth in the number of Laserfiche users served.
  • For its success, MBS earned the 2024 Laserfiche International Partner of the Year Award.
  • The newly introduced Premier Partner Program increases visibility of highly qualified solution providers and helps to connect them to customers that can best leverage their business and solutions expertise.
  • To learn more about the Laserfiche Solution Provider Program and the benefits of becoming a partner, visit laserfiche.com/partners .

MFA Financial, Inc. Announces Pricing of Public Offering of Senior Notes

Retrieved on: 
Lunedì, Aprile 15, 2024
Professional Services, Finance, Debt-to-GDP ratio, UBS, Prospectus, RBC Capital Markets, Security (finance), Egan-Jones Ratings Company, MBS, MFA, Wells Fargo, Note

MFA Financial, Inc. (NYSE:MFA) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”).

Key Points: 
  • MFA Financial, Inc. (NYSE:MFA) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.000% senior notes due 2029 (the “Notes”).
  • The offering is expected to close on April 17, 2024, subject to the satisfaction of customary closing conditions.
  • The Notes have received an investment grade rating of BBB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
  • The offering of these Notes will be made only by means of a prospectus and a related prospectus supplement, a copy of which may be obtained by contacting:

MDA SPACE AWARDED $250M CONTRACT EXTENSION TO SUPPORT ROBOTICS OPERATIONS ON THE INTERNATIONAL SPACE STATION

Retrieved on: 
Giovedì, Aprile 18, 2024
ISS, Aircraft, International Space Station, MSS, MDA, Robotics, TSX, MBS, Mobile, CSA

BRAMPTON, ON, April 18, 2024 /PRNewswire/ - MDA Space (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced it has received a $250 million contract extension from the Canadian Space Agency (CSA) to continue supporting robotics operations on the International Space Station (ISS) from 2025 to 2030.

Key Points: 
  • BRAMPTON, ON, April 18, 2024 /PRNewswire/ - MDA Space (TSX: MDA), a trusted mission partner to the rapidly expanding global space industry, today announced it has received a $250 million contract extension from the Canadian Space Agency (CSA) to continue supporting robotics operations on the International Space Station (ISS) from 2025 to 2030.
  • As part of the contract, MDA Space will now fulfil robotics flight controller duties to support mission operations on the ISS.
  • "This further solidifies MDA Space as a trusted mission partner and global leader in mission-critical space robotics operations and strategically positions our team to offer mission operations as a commercial service to customers globally."
  • MDA Space also provides training to the robotic operators and supports mission planning, engineering support and real-time operations.

CIMC Modular Building Systems Wins Two International Awards in the United States

Retrieved on: 
Mercoledì, Aprile 17, 2024
Stanford University, Housing, Construction, Weather, People's, Integrity, Policy, Pacific Ocean, Disability, City, Public housing, CitizenM, Meta, Conference, MBS, Carbon, Fire blanket, University, Dust, Environment, MBI, CIMC, LEED, Silicon, Pressure, Noise, Multimedia, Marketing, Quality control, Apple, Government, Prefabrication

CIMC Modular Building System Holding Co. Ltd ("CIMC MBS"), a subsidiary of CIMC Group, stood out from nearly 200 candidate projects due to its outstanding performance in innovation, "green" modular construction, and marketing, winning two international awards of distinction.

Key Points: 
  • CIMC Modular Building System Holding Co. Ltd ("CIMC MBS"), a subsidiary of CIMC Group, stood out from nearly 200 candidate projects due to its outstanding performance in innovation, "green" modular construction, and marketing, winning two international awards of distinction.
  • The World of Modular Conference is organized by the Modular Building Institute (MBI), the leading association for the modular building industry in the world.
  • MBI's modular building Awards of Distinction are presented annually, traditionally on the final evening of its World of Modular conference and trade show.
  • Modular building awards are presented for 25 categories.