Futures contract

Introducing the Venmo Teen Account

Retrieved on: 
Monday, May 22, 2023
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Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money

Key Points: 
  • Parents and legal guardians can now open a Venmo Teen Debit Card and a Venmo account for teenagers 13 to 17 years old, so they can send, receive, and spend money
    SAN JOSE, Calif., May 22, 2023 /PRNewswire/ -- Venmo today introduced the Venmo Teen Account, providing parents and legal guardians the ability to open a Venmo account for their teenagers between the ages of 13 to 17-years-old so they can send and receive money.
  • What Parents and Teens Will Love About the Venmo Teen Account:
    Each Venmo Teen Account is connected to and managed by a parent's personal Venmo account and provides parents with essential parental controls and oversight of the activity on their Venmo Teen Account.
  • Convenient: The Venmo Teen Account has no monthly fees and offers no-fee cash withdrawals at participating ATMs through the Venmo Teen Debit Card3.
  • Parents sign up their teen for a Teen Debit Card, which is linked to the Venmo Teen Account balance, and can choose to grant the teen access to the Venmo app.

First Bank Announces First Quarter Net Income of $7.0 Million and EPS of $0.36

Retrieved on: 
Wednesday, April 26, 2023
NIM, Federal Home Loan Banks, Small business, Private, Face, Small Business Administration, Current Expected Credit Losses, Risk management, IDFC First Bank, Common equity, First Bank, Futures contract, Federal, Sale, Acquisition, Federal Reserve, Investment, Risk, CECL, SBA, Growth, Bank, Development, Environment, C&I, Total, Security (finance), Real estate, Video game, Cryptocurrency

Net Interest Margin (NIM) for the quarter of 3.52%, down 5 basis points from first quarter 2022, and 17 basis points from the linked quarter ended December 31, 2022.

Key Points: 
  • Net Interest Margin (NIM) for the quarter of 3.52%, down 5 basis points from first quarter 2022, and 17 basis points from the linked quarter ended December 31, 2022.
  • In the first quarter of 2023, non-interest income was $964,000, a decrease from $1.3 million during the same period in 2022.
  • Non-interest expense for the first quarter of 2023 was $13.5 million, an increase of $2.4 million, or 21.4%, compared to $11.1 million for the prior year quarter.
  • Total cash and cash equivalents increased $35.1 million during the first quarter to $161.0 million at March 31, 2023.

OXFORD BANK CORPORATION ANNOUNCES FIRST QUARTER 2023 OPERATING RESULTS

Retrieved on: 
Thursday, April 27, 2023
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OXFORD, Mich., April 27, 2023 /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, 2023.

Key Points: 
  • OXFORD, Mich., April 27, 2023 /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, 2023.
  • First quarter 2023 earnings also increased slightly, compared to fourth quarter 2022 net income of $3.34 million, or $1.38 per weighted average share.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking centers in Wixom, downtown Oxford, Ann Arbor and Flint, MI.

First Central Savings Bank Reports First Quarter 2023 Results Highlighted by Net Income of $1.8 Million, Excellent Balance Sheet Growth, Strong Net Interest Margin, and Exceptional Asset Quality

Retrieved on: 
Wednesday, April 26, 2023
External commercial borrowing, Pressure, Cash, GLEN, Federal, Calendar, GAAP, Futures contract, Sale, Federal Home Loan Banks, Federal Reserve, Risk, CECL, Growth, First Central American Civil War, Bank, Environment, Total, FASB, Video game

GLEN COVE, N.Y., April 26, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended March 31, 2023, highlighted by the Bank’s strong loan growth, continued operating and cash earnings, and excellent assets quality.

Key Points: 
  • Excellent Asset Quality: At March 31, 2023, the Bank’s asset quality was strong with 0.39% non-performing loans to total loans.
  • Strong Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was strong at 3.62% and 3.08%, respectively.
  • The decrease in net income was due to lower levels of loan sales which reduced net gain on sales of loan income.
  • During the quarter ended March 31, 2023, we continued to see an increase in interest rates that put pressure on our net interest margin and spread.

Amerant Reports First Quarter 2023 Results

Retrieved on: 
Thursday, April 20, 2023
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CORAL GABLES, Fla., April 20, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $20.2 million in the first quarter of 2023, or $0.60 per diluted share, compared to net income attributable to the Company of $22.0 million(1), or $0.65 per diluted share(1), in the fourth quarter of 2022.

Key Points: 
  • CORAL GABLES, Fla., April 20, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NASDAQ: AMTB) (the “Company” or “Amerant”) today reported net income attributable to the Company of $20.2 million in the first quarter of 2023, or $0.60 per diluted share, compared to net income attributable to the Company of $22.0 million(1), or $0.65 per diluted share(1), in the fourth quarter of 2022.
  • Additional details on first quarter 2023 results can be found in the earnings presentation available under the Investor Relations section of the Company’s website at https://investor.amerantbank.com.
  • The dividend is payable on May 31, 2023 to shareholders of record on May 15, 2023.
  • The Company will hold an earnings conference call on Friday, April 21, 2023 at 9:00 a.m. (Eastern Time) to discuss its first quarter 2023 results.

Grupo Supervielle Reports 4Q22 Results

Retrieved on: 
Monday, March 13, 2023
Professional Services, Finance, Corporation, Traction, BYMA, NYSE, Robbins Geller Rudman & Dowd LLP, Quarter, Depreciation, Environment, SME, Tier 1, Tax, Investment, Tarjeta Transporte Público, Bank, Private sector, Risk-weighted asset, Transactionalism, Share repurchase, IMF, Acquisition, Futures contract, NIM, NPL, Income tax, Government, Asset, FX, Growth, Common equity, Coverage, ROE, Yoy, Delinquent, Cryptocurrency, Video game, Music, Insurance, Jules Supervielle

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, 2022.

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, 2022.
  • Commenting on fourth quarter and year-end 2022 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “This was a transformational year for our Company and we remain on track to achieve positive ROE by the close of 2Q23.
  • As planned, we completed the integration of our consumer finance client base and back-office into Banco Supervielle during 4Q22, and fully merged this business into the Bank.
  • Excluding one-time impact from IUDU's merger and accelerated severance, Supervielle would have delivered a net profit of AR$390 million in 4Q22.

OXFORD BANK CORPORATION ANNOUNCES FOURTH QUARTER AND FULL YEAR 2022 OPERATING RESULTS

Retrieved on: 
Thursday, January 26, 2023
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OXFORD, Mich., Jan. 26, 2023 /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, 2022.

Key Points: 
  • OXFORD, Mich., Jan. 26, 2023 /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, 2022.
  • Fourth quarter 2022 earnings also increased, as expected, compared to third quarter 2022 net income of $2.632 million, or $1.09 per weighted average share.
  • Oxford Bank is a subsidiary of Oxford Bank Corporation, a registered holding company.
  • In addition, Oxford Bank has business banking centers in Wixom, downtown Oxford, Ann Arbor and Flint, MI.

First Central Savings Bank Reports Calendar Fourth Quarter 2022 Results Highlighted by Strong Net Income and Cash Earnings, Excellent Balance Sheet Growth, Outstanding Net Interest Margin, and Exceptional Asset Quality

Retrieved on: 
Thursday, January 26, 2023
Federal Home Loan Banks, GAAP, Tax, Pay Day (board game), Cash, FHLB, First Central American Civil War, Calendar, Futures contract, Sale, GLEN, Bank, Borrowing base, Federal Reserve, Total, Federal, Environment, Growth, Pressure, FASB, Airline, Pension fund

GLEN COVE, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended December 31, 2022, highlighted by the Bank’s operating and cash earnings, continued momentum in year-over-year loan growth, excellent asset quality, and record year to date net income.

Key Points: 
  • Excellent Asset Quality: At December 31, 2022, the Bank’s asset quality was strong with 0.42% non-performing loans to total loans.
  • Strong Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was strong at 3.82% and 3.40%, respectively.
  • As of the quarter ended June 30, 2022, the Bank has utilized the remaining net operating loss carryforward, thus is required to pay federal income taxes.
  • The Bank also completed an upgrade of our core banking system in April 2022 which has enhanced our customer experience.

Western New England Bancorp, Inc. Reports Results for the Three Months and Year Ended December 31, 2022 and Announces 17% Increase in Quarterly Cash Dividend

Retrieved on: 
Tuesday, January 24, 2023
GAAP, Insurance, Tax, Safety, Paycheck Protection Program, FHLB, Advertising, Three Months in the Southern States, COVID-19, The Twelve Months, Uncertainty, Federal, Futures contract, Credit, Sale, Current Expected Credit Losses, Environment, Nature, PPP, Oaktree Capital Management, Growth, Investment, Delinquent, FDIC, DB, Lender option borrower option, Bank, Real estate, Life insurance, Health insurance, Internet service provider, Airline

The net interest margin was 3.44% for the three months ended December 31, 2022 compared to 3.08% for the three months ended December 31, 2021 and 3.35% for the three months ended September 30, 2022.

Key Points: 
  • The net interest margin was 3.44% for the three months ended December 31, 2022 compared to 3.08% for the three months ended December 31, 2021 and 3.35% for the three months ended September 30, 2022.
  • The net interest margin, on a tax-equivalent basis, was 3.47% for the three months ended December 31, 2022, compared to 3.10% for the three months ended December 31, 2021 and 3.37% for the three months ended September 30, 2022.
  • Net Income for the Three Months Ended December 31, 2022 Compared to the Three Months Ended September 30, 2022.
  • For the twelve months ended December 31, 2022, the efficiency ratio was 61.8%, compared to 64.1% for the twelve months ended December 31, 2021.

Amerant Reports Fourth Quarter 2022 and Full-Year 2022 Results

Retrieved on: 
Thursday, January 19, 2023
CORAL, Current Expected Credit Losses, GAAP, Futures contract, ROA, Eastern Time Zone, NIM, ACL, Annual report, Management, CECL, Amer International Group, NII, Iron ore, Video game, Insurance, Real estate, Oil, Bank, Lithium, Public utility

Amerant Chairman and CEO Jerry Plush stated “We are pleased to again report strong asset, deposit and revenue growth this quarter.

Key Points: 
  • Amerant Chairman and CEO Jerry Plush stated “We are pleased to again report strong asset, deposit and revenue growth this quarter.
  • Our team delivered, building on the upward momentum we have shown throughout 2022.”
    In the fourth quarter of 2022, the Company adopted the CECL accounting standard for estimating allowance for credit losses.
  • 1 The provision for credit losses in the fourth quarter under CECL, excluding the retroactive effect corresponding to the first, second and third quarters of 2022, is approximately $7.0 million dollars, which results in net income attributable to the Company of $22.0 million in the fourth quarter of 2022, or $0.65 per diluted share.
  • As previously announced, the Company will hold an earnings conference call on Friday, January 20, 2023 at 9:00 a.m. (Eastern Time) to discuss its fourth quarter and full-year 2022 results.