Stock dilution

The Hartford Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023

Third quarter 2023 core earnings of $708 million, or $2.29 per diluted share, compared with $472 million of core earnings in third quarter 2022.

Key Points: 
  • Third quarter 2023 core earnings of $708 million, or $2.29 per diluted share, compared with $472 million of core earnings in third quarter 2022.
  • P&C current accident year (CAY) catastrophe (CAT) losses of $184 million, before tax, in third quarter 2023, compared with CAY CAT losses of $293 million in third quarter 2022.
  • Underlying loss and loss adjustment expense ratio* improved 0.9 points, to 56.6 in third quarter 2023 from 57.5 in third quarter 2022, primarily driven by lower net non-CAT property losses.
  • Core earnings ROE for the 12-month period ending Sept. 30, 2023, was 14.9%, an increase of 0.6 points from third quarter 2022 due to higher trailing 12-month core earnings.

Mobileye Releases Third Quarter 2023 Results, Updates Guidance and Provides Business Overview

Retrieved on: 
Thursday, October 26, 2023

This information reflects Mobileye’s expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 30, 2023.

Key Points: 
  • This information reflects Mobileye’s expectations for Revenue, Operating Loss and Adjusted Operating Income results for the year ending December 30, 2023.
  • These statements represent forward-looking information and may not represent a financial outlook, and actual results may vary.
  • Mobileye will host a conference call today, October 26, 2023, at 8:00am ET (3:00pm IT) to review its results and provide a general business update.
  • We use such non-GAAP financial measures to make strategic decisions, establish business plans and forecasts, identify trends affecting our business, and evaluate performance.

NBT Bancorp Inc. Announces Third Quarter Results and Declares Dividend

Retrieved on: 
Tuesday, October 24, 2023

The acquisition of Salisbury Bancorp, Inc. (“Salisbury”) by the merger of Salisbury with and into NBT (“Merger”) was completed on August 11, 2023.

Key Points: 
  • The acquisition of Salisbury Bancorp, Inc. (“Salisbury”) by the merger of Salisbury with and into NBT (“Merger”) was completed on August 11, 2023.
  • Noninterest income, excluding net securities gains (losses), increased 10.2% from the prior quarter and was approximately 30% of total revenue.
  • Card services income increased $0.4 million from the prior quarter and decreased $0.2 million from the third quarter of 2022.
  • Insurance services were up $0.6 million from the prior quarter and were $0.5 million higher than the third quarter of 2022.

CNB Financial Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 23, 2023

CNB Financial Corporation ("CNB" or the "Corporation") (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and nine months ended September 30, 2023, and disclosed quarterly growth in total deposits, loans, and assets.

Key Points: 
  • CNB Financial Corporation ("CNB" or the "Corporation") (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and nine months ended September 30, 2023, and disclosed quarterly growth in total deposits, loans, and assets.
  • At September 30, 2023, the Corporation had $117.6 million of cash equivalents held in CNB Bank's interest-bearing deposit account at the Federal Reserve.
  • At September 30, 2023, June 30, 2023 and September 30, 2022, the Corporation had no outstanding short-term borrowings from the FHLB.
  • The $1.3 million decrease in the provision expense for the third quarter of 2023 compared to the second quarter of 2023 was primarily a result of lower loan portfolio growth in the third quarter of 2023 compared to the second quarter of 2023.

Euronet Worldwide Reports Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 20, 2023

LEAWOOD, Kan., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports third quarter 2023 financial results.

Key Points: 
  • LEAWOOD, Kan., Oct. 20, 2023 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading global financial technology solutions and payments provider, reports third quarter 2023 financial results.
  • Euronet reports the following consolidated results for the third quarter 2023 compared with the same period of 2022:
    Operating income of $167.0 million, a 1% decrease from $168.5 million (6% decrease on a constant currency basis).
  • Euronet Worldwide will host an analyst conference call on October 20, 2023, at 9:00 a.m. Eastern Time to discuss these results.
  • To listen to the call via telephone please register at Euronet Worldwide Third Quarter 2023 Earnings Call .

Kilroy Realty Corporation Reports Third Quarter Financial Results

Retrieved on: 
Wednesday, October 25, 2023

Reported amounts are attributable to common stockholders, common unitholders and restricted stock unitholders.

Key Points: 
  • Reported amounts are attributable to common stockholders, common unitholders and restricted stock unitholders.
  • See management statement for Same Store Cash Net Operating Income on page 32 of our Supplemental Financial Report furnished on Form 8-K with this press release.
  • There can be no assurance that the company’s actual results will not differ materially from these estimates.
  • The company’s management will discuss third quarter results and the current business environment during the company’s October 26, 2023 earnings conference call.

MaxLinear, Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • MaxLinear, Inc. (Nasdaq: MXL), a leading provider of radio frequency (RF), analog, digital and mixed-signal integrated circuits, today announced financial results for the third quarter ended September 30, 2023.
  • Non-GAAP income from operations was 5% of net revenue, compared to 16% in the prior quarter, and 34% in the year-ago quarter.
  • Non-GAAP diluted earnings per share was $0.02, compared to $0.34 in the prior quarter, and $1.05 in the year-ago quarter.
  • MaxLinear will host its third quarter financial results conference call today, October 25, 2023 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).

IDEX Reports Third Quarter Results and Raises Full Year Guidance

Retrieved on: 
Wednesday, October 25, 2023

Third quarter 2023 net income margin of 26.3% increased 460 basis points compared with the prior year period.

Key Points: 
  • Third quarter 2023 net income margin of 26.3% increased 460 basis points compared with the prior year period.
  • Adjusted diluted EPS attributable to IDEX was $2.12 per share, a decrease of $0.02 per share, or 1%, from the prior year period reflecting the operating results previously discussed.
  • Adjusted diluted EPS attributable to IDEX reflects the 11 cent impact of a lower effective tax rate.
  • Third quarter 2023 free cash flow was $206.5 million, up 14% compared with the prior year period and constituted 129% of adjusted net income attributable to IDEX.

ServiceNow Reports Third Quarter 2023 Financial Results

Retrieved on: 
Wednesday, October 25, 2023

GAAP subscription revenues and related growth rate for the future quarter included in our full-year 2023 guidance are based on the 30-day average of foreign exchange rates for September 2023 for entities reporting in currencies other than U.S.

Key Points: 
  • GAAP subscription revenues and related growth rate for the future quarter included in our full-year 2023 guidance are based on the 30-day average of foreign exchange rates for September 2023 for entities reporting in currencies other than U.S.
  • ServiceNow President and Chief Operating Officer CJ Desai will participate in a fireside chat at the UBS Global Technology Conference on Tuesday, November 28, 2023, at 1:15pm PT.
  • ServiceNow Chief Financial Officer Gina Mastantuono will participate in a keynote presentation at the Wells Fargo TMT Summit on Wednesday, November 29, 2023, at 12:00pm PT.
  • We undertake no obligation, and do not intend, to update these forward-looking statements, to review or confirm analysts’ expectations, or to provide interim reports or updates on the progress of the current financial quarter.

NCL Corporation Ltd. Announces Pricing of $790,000,000 of Senior Secured Notes

Retrieved on: 
Wednesday, October 11, 2023

The offering of the Notes is expected to close on October 18, 2023, subject to customary closing conditions as well as our entry into certain amendments to our senior secured credit facility.

Key Points: 
  • The offering of the Notes is expected to close on October 18, 2023, subject to customary closing conditions as well as our entry into certain amendments to our senior secured credit facility.
  • The Notes and the related guarantees will be secured by first-priority interests in, among other things and subject to certain agreed security principles, fourteen of our vessels that will also secure our senior secured credit facility and our 8.375% senior secured notes due 2028.
  • The Notes will be guaranteed by our subsidiaries that own the vessels that will secure the Notes.
  • This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act.