Quarter

Equity Bancshares, Inc. Fourth Quarter Results Highlighted by 6.1% Annualized Loan Growth and Strategic Balance Sheet Repositioning

Retrieved on: 
Wednesday, January 24, 2024

"Our classified asset ratio continues to be historically low, while both capital and on balance sheet reserves remain high, positioning Equity to be strategic for organic and acquisitive growth opportunities."

Key Points: 
  • "Our classified asset ratio continues to be historically low, while both capital and on balance sheet reserves remain high, positioning Equity to be strategic for organic and acquisitive growth opportunities."
  • The Company realized linked quarter deposit growth of $63.3 million, including $13.3 million in non-brokered deposit balances.
  • Stockholders' Equity increased $34.7 million linked quarter, while tangible book value increased $35.5 million.
  • Quarter over quarter, book capital increased $34.7 million to $452.9 million and tangible capital increased $35.5 million to $391.5 million.

First Bank Announces Fourth Quarter 2023 Net Income of $8.4 Million and Full Year Net Income of $20.9 Million

Retrieved on: 
Wednesday, January 24, 2024

Net income for the fourth quarter of 2023 was $8.4 million, or $0.33 per diluted share, compared to $9.1 million, or $0.46 per diluted share, for the fourth quarter of 2022.

Key Points: 
  • Net income for the fourth quarter of 2023 was $8.4 million, or $0.33 per diluted share, compared to $9.1 million, or $0.46 per diluted share, for the fourth quarter of 2022.
  • Fourth Quarter and Full Year 2023 Performance Highlights:
    Total net revenue (net interest income plus non-interest income) of $28.0 million for the fourth quarter of 2023 increased $2.8 million, or 11.1%, compared to the prior year quarter, while full year total net revenue was $103.8 million, an increase of $6.3 million, or 6.5%, compared to 2022.
  • Non-interest bearing deposits increased $8.1 million during the fourth quarter of 2023 while interest bearing deposits decreased $7.9 million.
  • The Bank recorded net charge-offs of $209,000 during the fourth quarter of 2023 compared to net charge-offs of $1.1 million in the third quarter of 2023 and net recoveries of $213,000 in the fourth quarter of 2022.

XP Inc. reports 4Q23 KPIs

Retrieved on: 
Friday, January 26, 2024

XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 4Q23 KPIs.

Key Points: 
  • XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today its 4Q23 KPIs.
  • This strategic shift reflects our belief that operational and financial data should be analyzed concurrently, providing investors with a more cohesive and insightful perspective on XP Inc.'s overall performance.
  • Our NPS, a widely known survey methodology used to measure customer satisfaction, was 72 in 4Q23.
  • Maintaining a high NPS score remains a priority for XP since our business model is built around client experience.

Colony Bankcorp Reports Fourth Quarter 2023 Results

Retrieved on: 
Wednesday, January 24, 2024

Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2023.

Key Points: 
  • Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or the “Company”) today reported financial results for the fourth quarter of 2023.
  • Provision for credit losses of $1.5 million was recorded in fourth quarter of 2023 compared to $1.0 million in third quarter of 2023, and $900,000 in fourth quarter of 2022.
  • Fourth Quarter and December 31, 2023 Year to Date Results of Operations
    Net interest income, on a tax-equivalent basis, totaled $19.1 million for the fourth quarter ended December 31, 2023 compared to $21.5 million for the same period in 2022.
  • Net interest margin for the fourth quarter of 2023 was 2.70% compared to 3.23% for the fourth quarter of 2022.

Corbin Advisors Releases Q4’23 Inside The Buy-Side® Industrial Sentiment Survey®

Retrieved on: 
Thursday, January 18, 2024

Corbin Advisors, a strategic consultancy accelerating value realization globally, today released its quarterly Industrial Sentiment Survey®.

Key Points: 
  • Corbin Advisors, a strategic consultancy accelerating value realization globally, today released its quarterly Industrial Sentiment Survey®.
  • The survey, part of Corbin Advisors’ Inside The Buy-Side® flagship research publication, was conducted from December 4, 2023 to January 10, 2024, and is based on responses from 35 institutional investors and sell-side analysts globally who actively cover the Industrial sector.
  • Beginning in Q1’23, our quarterly sentiment surveys have found a continuing easing of bearish industrial investor sentiment while at the same time, perceived executive tone has been commensurately characterized as less bullish.
  • “Expectations for broad-based industrial weakness is a prominent theme throughout our survey, resulting in investors continuing to prioritize margins at higher levels than growth at this time,” said Rebecca Corbin, Founder and CEO of Corbin Advisors.

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on MSCI Inc. (NYSE: MSCI)

Retrieved on: 
Wednesday, January 17, 2024

MSCI, founded as Morgan Stanley Capital International, is a provider of decision support tools and solutions for the global investment community.

Key Points: 
  • MSCI, founded as Morgan Stanley Capital International, is a provider of decision support tools and solutions for the global investment community.
  • In addition, MSCI also faces additional strain from its clients – such as BlackRock – that are under pressures of their own.
  • Higher rates have caused total assets of AUM benchmarked to MSCI indices to decline almost double digits since 2021.
  • For example, Spruce Point observes that MSCI recently experienced year-over-year declines in its organic sales growth, Adjusted EBITDA margin and client Retention Rate metrics.

Golub Capital BDC, Inc. Announces Preliminary Fiscal Year 2024 First Quarter Financial Results and Declares Increased Quarterly Distribution to $0.39 Per Share

Retrieved on: 
Wednesday, January 17, 2024

The Company estimates that the number of non-accrual investments remained at nine investments as of December 31, 2023.

Key Points: 
  • The Company estimates that the number of non-accrual investments remained at nine investments as of December 31, 2023.
  • GBDC’s Board expects to continue to evaluate the potential for supplemental distributions under its quarterly variable supplemental distribution framework, which was introduced in fiscal year 2023.
  • 1 On September 16, 2019, the Company completed its acquisition of Golub Capital Investment Corporation (“GCIC”).
  • The Company will host an earnings conference call at 1:00 pm (Eastern Time) on Tuesday, February 6, 2024 to discuss the quarterly financial results.

Soft demand mutes parcel rate increases, cools LTL and keeps truckload rates flat: Q1 TD Cowen/AFS Freight Index

Retrieved on: 
Wednesday, January 17, 2024

AFS Logistics , an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the first quarter (Q1) 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets.

Key Points: 
  • AFS Logistics , an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the first quarter (Q1) 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets.
  • The latest release of the index expects LTL rates to remain relatively flat with subtle fluctuations and truckload rates to continue hovering near the floor established in Q2 of last year.
  • December 2023 saw UPS initiate an increase, FedEx follow suit, and then UPS implement another – all before the end of the month.
  • Discrepancies also emerged between the two carriers’ demand surcharges, and are significant enough to affect how shippers allocate volumes.

Ad prices drove continued growth in retail media and paid search while commerce ads boosted paid social investment

Retrieved on: 
Thursday, January 25, 2024

SAN FRANCISCO, Jan. 25, 2024 /PRNewswire/ -- Today, Skai, a leading omnichannel advertising platform, published its Q4 2023 Digital Marketing Quarterly Trends Report, an in-depth analysis of the digital marketing trends that defined the fourth quarter of this year, along with an interactive infographic detailing key analysis. The holiday season saw increased spending across key digital channels, with each of those channels taking a slightly different path to that growth.

Key Points: 
  • Double-digit growth in cost-per-click helped propel robust year-over-year increases in spending for retail media, and modest growth in paid search, according to Skai's Quarterly Trends Report.
  • The holiday season saw increased spending across key digital channels, with each of those channels taking a slightly different path to that growth.
  • Year-over-year (YoY) spending was up everywhere in Q4 as well, led by retail media at +27%, paid social at +15% and paid search at +4%.
  • Skai is now including TikTok, YouTube and LinkedIn in its paid social analysis, so growth rates may not be directly comparable to previous reports.

WELL Health Announces Record Patient Visits and Total Care Interactions for Q4-2023 and Projects Record Revenue and Positive EPS for the Quarter

Retrieved on: 
Thursday, January 25, 2024

On a YoY basis, overall patient visits grew by 30% while Total Care Interactions grew by 38%.

Key Points: 
  • On a YoY basis, overall patient visits grew by 30% while Total Care Interactions grew by 38%.
  • Eva Fong, CFO of WELL, also remarked, "In Q4-2023, WELL's financials reveal an exceptional growth trajectory, highlighted by a significant acceleration in patient visits.
  • This acceleration in patient visit growth supports our positive forecast for accelerated EBITDA growth in the coming year.
  • WELL's patient visits and Total Care Interactions metrics are an important leading indicator to demonstrate the health of WELL's operational and financial performance.