Capital requirement

First Central Savings Bank Reports Fourth Quarter 2023 Net Income of $1.3 million ($0.12 EPS), Full Year 2023 Net Income of $7.1 million ($0.67 EPS), Strong Asset Quality, and Special Cash Dividend of $0.10 per share

Retrieved on: 
Wednesday, January 31, 2024
Growth, GAAP, Pressure, Calendar, FASB, Cash, Environment, GLEN, Capital requirement, Federal Reserve, FRB, Federal, Sale, Bank, Pleasure

GLEN COVE, N.Y., Jan. 31, 2024 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter and year ended December 31, 2023.

Key Points: 
  • Net Interest Income: The Bank recorded net interest income of $6.8 million for the quarter ended December 31, 2023, a decrease of $1.4 million, or 17.4%, from the quarter ended December 31, 2022.
  • Strong Asset Quality: At December 31, 2023, the Bank’s asset quality was strong with 0.53% non-performing loans to total loans.
  • Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 2.90% and 2.14%, respectively.
  • Special Cash Dividend: The Bank declared a special cash dividend of $0.10 per share to the Bank’s shareholders.

The EBA consults on Guidelines on the management of ESG risks

Retrieved on: 
Saturday, February 3, 2024
Capital requirement, EBA, CRD, ESG, Social, Guideline, Safety, CRD6, Comment, Letter, Climate change, Cryptocurrency

The EBA consults on Guidelines on the management of ESG risks

Key Points: 
  • The EBA consults on Guidelines on the management of ESG risks
    The European Banking Authority (EBA) today launched a public consultation on draft Guidelines on the management of Environmental, Social and Governance (ESG) risks.
  • The draft Guidelines set out requirements for institutions for the identification, measurement, management and monitoring of ESG risks, including through plans aimed at addressing the risks arising from the transition towards an EU climate-neutral economy.
  • The risk profile and business model of institutions may be affected by ESG risks, in particular environmental risks through transition and physical risk drivers.
  • To ensure the safety and soundness of institutions in the short, medium and long term, the Guidelines set requirements for the internal processes and ESG risks management arrangements that institutions should have in place.

First Central Savings Bank Reports Third Quarter 2023 Results Highlighted by Net Income of $2.1 million, Strong Asset Quality, and Non-Interest Income growth quarter over quarter

Retrieved on: 
Wednesday, October 25, 2023
Sale, Disposable household and per capita income, Bank, First Central American Civil War, Pressure, Federal Reserve, FASB, GAAP, Federal, Environment, Growth, Capital requirement, Pay Day (board game), GLEN, Cash, Calendar, Cryptocurrency

GLEN COVE, N.Y., Oct. 25, 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 September 30, 2023, highlighted by the Bank’s increased loan sale income, continued operating and cash earnings, and excellent asset quality.

Key Points: 
  • Balance Sheet Growth: Assets totaled $953.6 million at September 30, 2023, up $63.9 million, or 7.2%, from September 30, 2022, primarily due to loan growth.
  • Net Interest Income: The Bank recorded net interest income of $7.4 million for the quarter ended September 30, 2023, a decrease of $996 thousand, or 11.9%, from the quarter ended September 30, 2022.
  • Strong Asset Quality: At September 30, 2023, the Bank’s asset quality was strong with 0.51% non-performing loans to total loans.
  • Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 3.15% and 2.43%, respectively.

First Central Savings Bank Reports Second Quarter 2023 Results Highlighted by Net Income of $2.0 million, Strong Asset Quality, and Net Interest Income and Non-Interest Income growth quarter over quarter

Retrieved on: 
Wednesday, July 26, 2023
Borrowing base, Pressure, Cash, GLEN, Federal, Pay Day (board game), Capital requirement, Calendar, GAAP, Sale, Federal Home Loan Banks, Federal Reserve, Growth, First Central American Civil War, Bank, Environment, Total, FASB, Cryptocurrency

GLEN COVE, N.Y., July 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 June 30, 2023, highlighted by the Bank’s strong loan growth, continued operating and cash earnings, and excellent assets quality.

Key Points: 
  • Non-Interest Income Growth: Due to an increase in loans sold for the quarter ended June 30, 2023, non-interest income increased by $471 thousand or 63.8% quarter over quarter.
  • Strong Asset Quality: At June 30, 2023, the Bank’s asset quality was strong with 0.45% non-performing loans to total loans.
  • Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 3.43% and 2.75%, respectively.
  • In addition to deposit growth, the Bank has used short-term borrowings from FHLB-NY to fund loan growth during the quarter.

ISS Joins Glass Lewis in Recommending Aurinia Shareholders Vote “FOR” ALL Company Director Nominees at 2023 Annual General Meeting

Retrieved on: 
Tuesday, May 2, 2023
Health, Other Science, Clinical Trials, Research, Science, Pharmaceutical, Biotechnology, BY, U.S.–Canada Team Tournament (Go), Partnership, Long-term incentive plan, Eastern Time Zone, Feedback, OR, AGM, Glass Lewis, Report, PMDA, Professional Football Compensation Committee, Webcast, Growth, Capital requirement, LUMI, Compensated emancipation, ISS, Management, Pharmaceutical industry, Internet service provider, EU, Aurinia

Aurinia is pleased that ISS and Glass Lewis recognize the Board and management’s pivotal role in the Company’s continued growth and momentum.

Key Points: 
  • Aurinia is pleased that ISS and Glass Lewis recognize the Board and management’s pivotal role in the Company’s continued growth and momentum.
  • Aurinia has also previously announced that it will add a performance component to Long-Term Incentive Plan awards in 2023.
  • The Company also notes that leading proxy advisor Glass Lewis recommended shareholders vote “FOR” Aurinia’s say-on-pay resolution, along with all other proposals.
  • To ensure Aurinia’s continued momentum at a pivotal time for the Company, the Board encourages all shareholders to vote “FOR” ALL proposals today.

Glass Lewis Recommends Aurinia Shareholders Vote “FOR” ALL Company Director Nominees at 2023 Annual Meeting

Retrieved on: 
Friday, April 28, 2023
Research, FDA, Clinical Trials, Biotechnology, Health, Pharmaceutical, General Health, Other Science, Science, 1836 U.S. Patent Office fire, BY, Partnership, Ōtsuka, ALL, Eastern Time Zone, Telephone, Policy, OR, Merrell Dow Pharmaceuticals Inc. v. Thompson, LN, Internet, Holiday, Patient, Professional Football Compensation Committee, Our Boarding House, Growth, Capital requirement, Proxy, LUMI, Compensated emancipation, Annual general meeting, Holding company, Audit, Management, Pharmaceutical industry, Internet service provider, EU, Aurinia

Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) today announced that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisor, has recommended that Aurinia shareholders vote FOR ALL proposals at the Company’s 2023 Annual General Meeting (the “Meeting”), including the re-election to the Board of Directors (the “Board”) of all eight incumbent directors and the approval of the Company’s say-on-pay resolution.

Key Points: 
  • Aurinia Pharmaceuticals Inc. (NASDAQ: AUPH) (“Aurinia” or the “Company”) today announced that Glass Lewis & Co. (“Glass Lewis”), a leading independent proxy advisor, has recommended that Aurinia shareholders vote FOR ALL proposals at the Company’s 2023 Annual General Meeting (the “Meeting”), including the re-election to the Board of Directors (the “Board”) of all eight incumbent directors and the approval of the Company’s say-on-pay resolution.
  • Glass Lewis is an independent proxy advisor to institutional investors, covering 30,000 shareholder meetings each year, across approximately 100 global markets.
  • The Board encourages all shareholders eligible to vote at the Meeting to do so today using the instructions provided below.
  • Our Board and management team have the right skills and expertise to continue to unlock value for all shareholders.

Financial Institutions, Inc. Announces Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Monday, January 30, 2023
Insurance, Paycheck Protection Program, Risk management, Five Star Bank, Travel, Mobile backend as a service, Common, Common equity, Sale, Financial institution, TCE, Loss, Federal Reserve, Mid-Atlantic (United States), Investment, PPP, Growth, Computer, Risk-weighted asset, Capital requirement, Lender option borrower option, Annual report, Financial adviser, Aquaculture, Bank, Health insurance, Renewable energy, Lithium, Life insurance, Video game, Ridesharing company, Real estate, Public utility

Noninterest income was $10.9 million for the fourth quarter of 2022, a decrease of $1.7 million from the third quarter of 2022 and a decrease of $737 thousand from the fourth quarter of 2021.

Key Points: 
  • Noninterest income was $10.9 million for the fourth quarter of 2022, a decrease of $1.7 million from the third quarter of 2022 and a decrease of $737 thousand from the fourth quarter of 2021.
  • Noninterest expense was $33.5 million for the fourth quarter of 2022 compared to $32.8 million in the third quarter of 2022 and $29.9 million in the fourth quarter of 2021.
  • Income tax expense was $2.4 million for the fourth quarter of 2022 compared to $4.7 million in the third quarter of 2022 and $4.2 million in the fourth quarter of 2021.
  • The effective tax rate was 16.4% for the fourth quarter of 2022, 25.4% for the third quarter of 2022 and 17.7% for the fourth quarter of 2021.

Mission Valley Bancorp Reports Third Quarter 2022 Results

Retrieved on: 
Monday, October 31, 2022
North Valley Bancorp, Capital requirement, Efficiency, Efficiency ratio, Total, View, Multimedia, SUN, Bank, Private Securities Litigation Reform Act, OTCQX, Sale, Forward-looking statement, NIM, Mission, Common equity, Risk-weighted asset, Company, SBA, News, San Fernando, Capital, Small Business Administration, Video game, Security (finance), Income

SUN VALLEY, Calif., Oct. 31, 2022 /PRNewswire/ --Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022, compared to net income of $ 1.7 million, or $0.52 per diluted share, for the third quarter of 2021.

Key Points: 
  • SUN VALLEY, Calif., Oct. 31, 2022 /PRNewswire/ --Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022, compared to net income of $ 1.7 million, or $0.52 per diluted share, for the third quarter of 2021.
  • Net Interest Margin was 4.66% for the third quarter of 2022 compared to 3.84% for the third quarter of 2021.
  • There was no grant income in the third quarter of 2022 compared to $1.8 million in the third quarter of 2021.
  • Mission Valley Bancorp is a bank holding company headquartered in Sun Valley, California with two wholly owned subsidiaries Mission Valley Bank (the "Bank") and Mission SBA Loan Servicing LLC ("Mission SBA").

Grupo Supervielle Reports 2Q22 Results

Retrieved on: 
Wednesday, August 17, 2022
Finance, Banking, Professional Services, Other Professional Services, Fintech, NIM, SME, Income, Risk-weighted asset, CEO, NYSE, Growth, Share repurchase, Sale, Futures contract, Capital requirement, Asset, Environment, Government, Bank, LLP, Yoy, Company, Acquisition, NPL, Private sector, IFRS, Coverage, Loss, Common equity, BYMA, Quarter, CB Bank, Central bank, Efficiency, Music, Jules Supervielle, IOL

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 six-months period ended June 30, 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 six-months period ended June 30, 2022.
  • 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.
  • Excluding non-recurring severance charges, Supervielle would have delivered net loss of AR$1.2 billion in 2Q22, with adjusted ROAE in real terms at approximately negative 6.8%, compared to 2.9% in previous quarter.
  • 2Q22 Tier 1 Capital Ratio evolution reflects the growth of loan portfolio above inflation and impact of net results.

SAS wins three Risk.net Risk Technology Awards

Retrieved on: 
Tuesday, August 9, 2022
Risk, Senior, PnL Explained, AI, Basel, Environment, Compliance, Capital requirement, SAS, IFRS, Automation, ORRF Risk Research Forum, Weather, Science and technology in Asia, Solution, Muscle, Organization, Risk management, Online shopping

CARY, N.C., Aug. 9, 2022 /PRNewswire/ -- SAS has again scored a collection of wins from the 2022 Risk Technology Awards, Risk.net's prestigious annual awards series recognizing the best in enterprise, operational, and credit risk technology. According to a panel of judges comprised of Risk.net editors and risk technology users, the artificial intelligence and analytics leader reigns supreme in three categories:

Key Points: 
  • This integrated and highly collaborative risk platform provides a virtual headquarters for model development, data integration and workflow planning and execution across risk and finance.
  • Without state-of-the-art credit risk modeling, banks and fintechs cannot deliver the consistent customer experience today's consumers demand.
  • In SAS' integrated ecosystem, automated credit decisions, detailed metrics, and turnkey, compliant risk models are a click away.
  • With SAS' new Basel IV configuration, clients can prepare for changes in regulation and simulate credit risk approaches to weather the storm.