Tier 1 capital

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
Wednesday, March 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: 
Saturday, February 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: 
Monday, February 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: 
Tuesday, February 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: 
Thursday, January 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.

PBCO Financial Corporation Reports Q4 and 2023 Earnings

Retrieved on: 
Thursday, January 25, 2024
Finance, Banking, Professional Services, Asset Management, Fintech, Tier 1 capital, Bank, Commerce, Government, Sale, Division, Investment, Risk-weighted asset, Capital

PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported a loss of $3.90 million and earnings per diluted share of -$0.73 for the quarter ended December 31, 2023, compared to earnings of $1.56 million and $0.29 per diluted share for the quarter ended September 30, 2023.

Key Points: 
  • PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported a loss of $3.90 million and earnings per diluted share of -$0.73 for the quarter ended December 31, 2023, compared to earnings of $1.56 million and $0.29 per diluted share for the quarter ended September 30, 2023.
  • The investment portfolio decreased 23.3% to $154.2 million in the fourth quarter of 2023 from $200.9 million at the end of the third quarter 2023.
  • Fourth quarter 2023 non-interest income totaled $2.3 million, an increase of $36 thousand from the third quarter of 2023.
  • As of December 31, 2023, the Tier 1 Capital Ratio for PBCO Financial Corporation was 11.54% with total shareholder equity of $77.6 million, versus a Tier 1 Capital Ratio of 11.36% and total shareholder equity of $71.4 million as of September 30, 2023.

OXFORD BANK CORPORATION ANNOUNCES THIRD QUARTER AND NINE MONTH 2023 OPERATING RESULTS

Retrieved on: 
Wednesday, November 1, 2023
Asset, Futures contract, AFS, Bank, OTC Bulletin Board, Multimedia, Growth, Comprehensive income, Tier 1 capital, Risk, OCF, NIM, Current Expected Credit Losses, Release, Corporation, Probability, Availability, Total, Investment, SBA, Security (finance)

OXFORD, Mich., Nov. 1, 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 third quarter ended September 30, 2023.

Key Points: 
  • OXFORD, Mich., Nov. 1, 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 third quarter ended September 30, 2023.
  • Total Assets of the Company were $794.34 million as of September 30, 2023, compared to $782.87 million at September 30, 2022.
  • 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, Michigan.

Mission Valley Bancorp Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
Asset, Sale, OTCQX, Community development financial institution, Equitable, Growth, SUN, Community development, Small Business Administration, Risk-weighted asset, Common equity, CDFI, Current Expected Credit Losses, SBA, ERP, Tier 1 capital, Gross loan, O'Hara, U.S. Treasury, Cryptocurrency, Video game, Rare-earth element, Bank

SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.

Key Points: 
  • SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.
  • Net Interest Income was $6.3 million for the third quarter of 2023, an increase of $0.7 million, or 13.42%, compared to the third quarter of 2022.
  • Net Interest Margin was 4.54% for the third quarter of 2023 compared to 4.66% for the third quarter of 2022.
  • Loan Production of $23.1 million in the third quarter of 2023, compared to $71.0 million in the third quarter of 2022.

Freedom Financial Holdings Announces Earnings for Third Quarter of 2023

Retrieved on: 
Friday, October 27, 2023
Asset, Insurance, Sale, Federal funds, Bank, Freedom, OTCQX, Allowance for Loan and Lease Losses, Efficiency ratio, PPP, AOCI, Environment, Growth, Comprehensive income, Real estate owned, Risk-weighted asset, Tier 1 capital, Fed, Current Expected Credit Losses, SBA, Calendar, Cryptocurrency, Security (finance), Rare-earth element, Life insurance, Coal, Real estate, Payment card

Freedom Bank enjoyed 17.2% annualized growth in loans and 10.2% annualized growth in deposits during the third quarter compared to the linked quarter.

Key Points: 
  • Freedom Bank enjoyed 17.2% annualized growth in loans and 10.2% annualized growth in deposits during the third quarter compared to the linked quarter.
  • Return on Average Assets ("ROAA") was 0.49% for the quarter ended September 30, 2023, compared to 0.69% for the linked quarter and 1.15% for the three months ended September 30, 2022.
  • The Efficiency Ratio3 was 76.43% for the quarter ended September 30, 2023, compared to 69.02% for the linked quarter and 59.19% for the same period in 2022.
  • The Efficiency Ratio was 76.43% for the quarter ended September 30, 2023, compared to 69.02% for the linked quarter and 59.19% for the same period in 2022.

Financial Institutions, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Fintech, Sale, Financial institution, FDIC, TCE, As a service, Pressure, Federal Reserve, Net, Upstate New York, Bank statement, Nature, Environment, Growth, Common, Risk management, Five Star Bank, Marketing, Income tax, Risk-weighted asset, Tier 1 capital, Common equity, Lender option borrower option, Computer, Overalls, Investment, Video game, Beauty salon, Bank, Security (finance), Commercial property, Life insurance, Renewable energy, Rare-earth element, Fine chemical

Net income was $14.0 million for the third quarter of 2023, compared to $14.4 million in the second quarter of 2023 and $13.9 million in the third quarter of 2022.

Key Points: 
  • Net income was $14.0 million for the third quarter of 2023, compared to $14.4 million in the second quarter of 2023 and $13.9 million in the third quarter of 2022.
  • Net interest income was $41.7 million for the third quarter of 2023, a decrease of $660 thousand from the second quarter of 2023 and a decrease of $1.4 million from the third quarter of 2022.
  • Noninterest expense was $34.7 million in the third quarter of 2023 compared to $33.8 million in the second quarter of 2023 and $32.8 million in the third quarter of 2022.
  • The effective tax rate was 14.8% for the third quarter of 2023, 14.4% for the second quarter of 2023, and 25.4% for the third quarter of 2022.