Tier 1 capital

OXFORD BANK CORPORATION ANNOUNCES FIRST QUARTER 2024 OPERATING RESULTS

Retrieved on: 
火曜日, 5月 7, 2024
Total, Futures contract, Investment, Corporation, Weather, United States Treasury security, Probability, Risk, SBA, ACL, Release, Asset, Environment, NIM, Pressure, Bank, NPAS, Multimedia, Tier 1 capital, Comprehensive income, Growth

OXFORD, Mich., May 7, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the first quarter ended March 31, 2024.

Key Points: 
  • OXFORD, Mich., May 7, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the first quarter ended March 31, 2024.
  • Total Assets of the Company were $883.21 million as of March 31, 2024, compared to $819.86 million at March 31, 2023.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking/commercial finance centers in Phoenix, AZ., Wixom, downtown Oxford, and Flint, Michigan.

Financial Institutions, Inc. Announces First Quarter 2024 Results

Retrieved on: 
木曜日, 4月 25, 2024
Benefit, Common equity, Sale, NFP, Common, Federal Reserve, Investment, Nature, Bank, TCE, Tier 1 capital, As a service, Insurance, Financial institution, Risk management, Environment, Computer, Income tax, Risk-weighted asset, Acquisition, Community Reinvestment Act, Loss, Marketing, Bank statement, Five Star Bank, Community, Growth, Earnout, Video game

Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the first quarter of 2023.

Key Points: 
  • Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the first quarter of 2023.
  • First quarter 2024 financial results were negatively impacted by the Company's previously disclosed deposit-related fraud event, which was the primary driver of noninterest expense variances from the linked and year-ago periods.
  • Net interest margin was 2.78% in the current quarter and the fourth quarter of 2023, and 3.09% in the first quarter of 2023.
  • The effective tax rate was 14.7% for the first quarter of 2024, 34.5% for the fourth quarter of 2023, and 18.7% for the first quarter of 2023.

Sierra Bancorp Reports First Quarter 2024 Results

Retrieved on: 
月曜日, 4月 22, 2024
Banking, Professional Services, Finance, Sale, Investment, Risk, The Wall Street Journal, Tier 1 capital, Federal Reserve Bank, CRE, Hand, ATM, AAA, Movement, Lisp (programming language), Federal funds, Advertising, FDIC, AA

Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.

Key Points: 
  • Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.
  • Noninterest income increased by $0.5 million, or 7%, to $8.6 million in the first quarter of 2024 as compared to the linked quarter.
  • Salaries and benefits were $0.2 million lower in the first quarter of 2024 as compared to the fourth quarter of 2023 and $0.4 million higher than the first quarter of 2023.
  • Other noninterest expense increased $0.5 million, or 6%, in the first quarter of 2024 as compared to both the fourth quarter of 2023 and the first quarter of 2023.

PBCO Financial Corporation Reports Q1 2024 Earnings

Retrieved on: 
木曜日, 4月 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.

Isabella Bank Corporation Reports First Quarter 2024 Results

Retrieved on: 
金曜日, 4月 19, 2024
Sale, Total, COVID, OTCQX, Federal Home Loan Banks, FINANCIAL, Tier 1 capital, Compact disc, Tax, Bank, AUM, Risk-weighted asset, Excess, ISBA

MT. PLEASANT, Mich., April 18, 2024 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) (the "Company") reported first quarter 2024 net income of $3.1 million or $0.42 per diluted share compared to $5.3 million or $0.70 per diluted share in the same quarter of 2023.

Key Points: 
  • PLEASANT, Mich., April 18, 2024 /PRNewswire/ -- Isabella Bank Corporation (OTCQX: ISBA) (the "Company") reported first quarter 2024 net income of $3.1 million or $0.42 per diluted share compared to $5.3 million or $0.70 per diluted share in the same quarter of 2023.
  • The yield on loans expanded to 5.36% in the first quarter 2024, up from 4.70% in the same quarter of 2023.
  • Noninterest income was $3.5 million in the first quarter 2024, up 5% as compared to the same quarter 2023.
  • Noninterest expense was $12.7 million in the first quarter 2024 compared to $12.2 million in the first quarter 2023.

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
水曜日, 3月 6, 2024
Banking, Professional Services, Insurance, Finance, Social support, Repurchase agreement, NPS, International trade, Coverage, Mining, Central bank, Annual report, Growth, Tier 1 capital, Sale, Disclosure, ESG, Government, ROE, Net income, Yoy, Central Bank of Myanmar, The Rev, Asset, SME, Quarter, Risk-weighted asset, Common equity, BYMA, IOL, QR, NPL, NIM, Bank

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-months period ended December 31, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We closed the year with a strong quarter delivering record high ROAE of 27% in real terms, even as we navigate a complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
  • The total NPL ratio was 1.2% in 4Q23 improving 230 and 50 bps from 3.5% in 4Q22 and 1.7% in 3Q23, respectively.

Isabella Bank Corporation Announces Fourth Quarter and 2023 Earnings

Retrieved on: 
土曜日, 2月 17, 2024
Federal Reserve Bank, Corporation, Bank, ATM, Growth, Tier 1 capital, ISBA, Sale, FDIC, Isabella Bank, Risk-weighted asset, Trust, Credit, Environment

MT. PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.  Net income for the fourth quarter was $3.8 million and $18.2 million for the year ended December 31, 2023.  Earnings per common share were $0.51 in the fourth quarter and $2.42 for the year.

Key Points: 
  • PLEASANT, Mich., Feb. 16, 2024 /PRNewswire/ -- Isabella Bank Corporation (the "Corporation") (OTCQX: ISBA) reported fourth quarter and year-end 2023 earnings, demonstrating resilience during a year buffeted by rising interest rates on deposit accounts.
  • Net interest income, fourth quarter 2023: Net interest income for the fourth quarter 2023 declined $2.7 million, or 16%, compared to the fourth quarter of 2022.
  • Noninterest income and expenses, fourth quarter 2023: Noninterest income increased $244,000 compared to the fourth quarter of 2022, primarily driven by wealth management fees and ATM and debit card income.
  • Dividend: The Corporation paid a $0.28 per common share cash dividend for the fourth quarter of 2023.

JSB Financial Inc. Reports Full Year and Fourth Quarter Earnings

Retrieved on: 
月曜日, 2月 12, 2024
Banking, Professional Services, Finance, Federal Reserve Bank, Risk management, Bank, Growth, Tier 1, Sale, Exercise, JSB, Tier 1 capital

For the fourth quarter ended December 31, 2023, unaudited consolidated net income was $704 thousand, representing a decrease of $637 thousand, or 47.52%, when compared to net income of $1.3 million for the fourth quarter of 2022.

Key Points: 
  • For the fourth quarter ended December 31, 2023, unaudited consolidated net income was $704 thousand, representing a decrease of $637 thousand, or 47.52%, when compared to net income of $1.3 million for the fourth quarter of 2022.
  • Basic and diluted earnings per common share was $2.68 for the fourth quarter of 2023, compared to $4.86 for the same period in 2022.
  • For the fourth quarter of 2023, net interest income totaled $3.1 million, representing a decline of $673 thousand, or 17.75%, from $3.8 million for the fourth quarter of 2022.
  • During the fourth quarter, net interest income increased by $96 thousand, or 3.19%, from the third quarter of 2023.

OXFORD BANK CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2023 OPERATING RESULTS

Retrieved on: 
火曜日, 2月 6, 2024
Availability, Growth, SBA, Release, ACL, Tier 1 capital, Interest, Environment, AFS, Comprehensive income, NPAS, Investment, Asset, NIM, Behavior, Total, Futures contract, Risk, Culture, Bank, Corporation, Small business, Probability

OXFORD, Mich., Feb. 6, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2023.

Key Points: 
  • OXFORD, Mich., Feb. 6, 2024 /PRNewswire/ -- Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced operating results for the fourth quarter ended December 31, 2023.
  • Total Assets of the Company were $816.67 million as of December 31, 2023, compared to $792.65 million at December 31, 2022.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking/commercial finance centers in Phoenix, AZ., Wixom, downtown Oxford, and Flint, Michigan.

Financial Institutions, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
木曜日, 1月 25, 2024
Tier 1 capital, TCE, FDIC, Bank statement, Landmark Group, COLI, Financial institution, Annual report, Accounting, Bank, Computer, Federal Reserve, Environment, Sale, Tax, Investment, As a service, Common equity, Acquisition, Advertising, Risk management, Risk-weighted asset, Loss, Common, Five Star Bank, Marketing, Nature, Growth

Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022.

Key Points: 
  • Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022.
  • Noninterest expense was $35.0 million in the fourth quarter of 2023 compared to $34.7 million in the third quarter of 2023 and $33.5 million in the fourth quarter of 2022.
  • Income tax expense was $5.2 million for the fourth quarter of 2023 compared to $2.4 million in the third quarter of 2023, and $2.4 million in the fourth quarter of 2022.
  • The effective tax rate was 34.5% for the fourth quarter of 2023, 14.8% for the third quarter of 2023, and 16.4% for the fourth quarter of 2022.