ROA | Jotup

First Bancorp of Indiana, Inc. Announces Financial Results

Retrieved on:

Tuesday, February 6, 2024

This compares to an annualized ROA of 0.64% and an annualized ROE of 11.51% for the corresponding period last fiscal year.

Key Points:

This compares to an annualized ROA of 0.64% and an annualized ROE of 11.51% for the corresponding period last fiscal year.
Proceeds from the Company’s $12 million subordinated debt offering and wholesale deposits acquired by the Bank funded additional growth.
At 8.11%, First Federal’s tier one capital ratio exceeded the five percent regulatory standard for “well-capitalized” financial institutions.
Statements in this release that are not strictly historical are forward-looking and are based upon current expectations that may differ materially from actual results.

Medallion Bank Reports 2023 Fourth Quarter and Full-Year Results and Declares Series F Preferred Stock Dividend

Retrieved on:

Tuesday, January 30, 2024

ROA, CECL, FDIC, Recreation, Bank, Medal

Total provision for credit losses was $9.7 million, compared to $8.4 million in the prior year quarter.

Key Points:

Total provision for credit losses was $9.7 million, compared to $8.4 million in the prior year quarter.
Net medallion loan recoveries were $12.0 million, compared to $1.2 million during the prior year quarter.
Net medallion loan recoveries reduced annualized net charge-offs by 226 basis points, compared to 27 basis points in the prior year quarter.
Contributing to our fourth quarter results were $12.0 million of medallion loan recoveries that reduced our provision for credit losses.

POTOMAC BANCSHARES, INC. REPORTS 2023 FOURTH QUARTER AND FULL YEAR RESULTS

Retrieved on:

Thursday, February 1, 2024

PPP, ROA, Growth, Pressure, FDIC, Government, ROE, AFS, Investment, OTC, The Company, Total, Bank, Insurance, BCT, Movement, Self storage

In the fourth quarter, we hired a Director of Government Lending to build this unit and expand our government lending strategy.

Key Points:

In the fourth quarter, we hired a Director of Government Lending to build this unit and expand our government lending strategy.
Excluding this loss, the earnings for the fourth quarter of 2023 would have been $1.830 million or $0.44 per share.
Net unrealized losses in the AFS portfolio were $8.7 million as of Q4 2023 and $11.9 million as of Q3 2023.
The allowance for credit losses was 1.02% of total loans outstanding as of Q4 2023 and 1.04% as of Q3 2023.

Valley National Bancorp Reports Fourth Quarter 2023 Results

Retrieved on:

Thursday, January 25, 2024

FDIC, Table, Bank statement, Credit, ROA, Collection, VLY, FHLB, Sale, Valley Bank, Investment, NOW, NPAS, Asset, Fourth, Growth, Bank

During the fourth quarter 2023, the provision for credit losses for loans was $20.7 million as compared to $9.1 million and $7.3 million for the third quarter 2023 and fourth quarter 2022, respectively.

Key Points:

During the fourth quarter 2023, the provision for credit losses for loans was $20.7 million as compared to $9.1 million and $7.3 million for the third quarter 2023 and fourth quarter 2022, respectively.
Credit Quality: Net loan charge-offs totaled $17.5 million for the fourth quarter 2023 as compared to $5.5 million and $22.4 million for the third quarter 2023 and fourth quarter 2022, respectively.
Efficiency Ratio: Our efficiency ratio was 60.70 percent for the fourth quarter 2023 as compared to 56.72 percent and 49.30 percent for the third quarter 2023 and fourth quarter 2022, respectively.
Net interest income on a tax equivalent basis totaling $398.6 million for the fourth quarter 2023 decreased $15.1 million and $68.7 million as compared to the third quarter 2023 and fourth quarter 2022, respectively.

First Merchants Corporation Announces Fourth Quarter 2023 Earnings Per Share

Retrieved on:

Thursday, January 25, 2024

FDIC, CRA, ROA, ACL, Investment, Sale, Common equity, Safety, Risk-weighted asset, Webcast, Retirement, First Merchants Corporation, Growth

First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.

Key Points:

First Merchants Corporation (the “Corporation”) has reported fourth quarter 2023 net income available to common stockholders of $42.0 million compared to $70.3 million during the same period in 2022.
Diluted earnings per common share for the period totaled $0.71 per share compared to the fourth quarter of 2022 result of $1.19 per share.
Noninterest income, totaling $26.4 million for the quarter, decreased $1.4 million, or 5.0 percent, compared to the third quarter of 2023 but increased $2.3 million from the fourth quarter of 2022.
First Merchants Corporation will conduct a fourth quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, January 25, 2024.

First Community Bankshares, Inc. Announces Fourth Quarter 2023 Results and Quarterly Cash Dividend

Retrieved on:

Tuesday, January 23, 2024

Table, ROA, ROE, Share repurchase, Interest, FTE, GAAP, News

The Company reported net income of $11.78 million, or $0.66 per diluted common share, for the quarter ended December 31, 2023.

Key Points:

The Company reported net income of $11.78 million, or $0.66 per diluted common share, for the quarter ended December 31, 2023.
The Company also declared a quarterly cash dividend to common shareholders of twenty-nine cents $0.29 per common share.
Adjusted for non-recurring items, ROA was 1.77% and ROE was 11.63% for the fourth quarter of 2023.
The Company repurchased 189,500 common shares during the fourth quarter of 2023 for a total cost of $5.98 million.

Sandy Spring Bancorp Reports Fourth Quarter Earnings of $26.1 Million

Retrieved on:

Tuesday, January 23, 2024

Insurance, Probability, ROA, FHLB, Growth, Environment, Website, Sale, GAAP, Acquisition, Movement, Small business, Webcast, Sandy Spring Bank, Federal Reserve Bank, News, Recession, Bank

Net interest income for the fourth quarter of 2023 declined $3.4 million or 4% compared to the previous quarter and $24.9 million or 23% compared to the fourth quarter of 2022.

Key Points:

Net interest income for the fourth quarter of 2023 declined $3.4 million or 4% compared to the previous quarter and $24.9 million or 23% compared to the fourth quarter of 2022.
Non-interest income for the fourth quarter of 2023 decreased by 5% or $0.8 million compared to the linked quarter and grew by 16% or $2.3 million compared to the prior year quarter.
Net interest income for the fourth quarter of 2023 decreased $3.4 million or 4% compared to the previous quarter and $24.9 million or 23% compared to the fourth quarter of 2022.
The total provision for credit losses was a credit of $3.4 million for the fourth quarter of 2023 compared to a charge of $2.4 million for the previous quarter and $10.8 million for the fourth quarter of 2022.

Results of West Texas Headwinds and FDIC Surprise 4th Quarter Assessment Only Things Standing Between HOMB and Expected 2023 Goal of $400 Million Plus

Retrieved on:

Thursday, January 18, 2024

Silicon, CFG, FDIC, Internet access, ROA, Trust, Home, Federal Deposit Insurance Corporation, Home BancShares, FHLB, Centennial, Signature Bank, Environment, Calendar, Internet, FRB, HOMB, Silicon Valley Bank, Bank

Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.

Key Points:

Our net interest margin was 4.17% for the three-month period ended December 31, 2023, compared to 4.19% for the three-month period ended September 30, 2023.
During the fourth quarter of 2023, there was $120,000 of event interest income compared to $521,000 of event interest expense for the third quarter of 2023.
Net charge-offs were $3.0 million and $2.9 million for the three months ended December 31, 2023 and September 30, 2023, respectively.
Stockholders’ equity was $3.79 billion at December 31, 2023, compared to $3.65 billion at September 30, 2023, an increase of approximately $136.2 million.

Amerant Reports Fourth Quarter 2023 and Full-Year 2023 Results

Retrieved on:

Wednesday, January 24, 2024

Banking, Professional Services, Finance, NIM, CECL, ROA, Bank, FHLB, Sale, Tax, GAAP, Federal Home Loan Banks, Futures contract, Management, NII, Eastern Time Zone, Growth, Cryptocurrency

Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported a net loss attributable to the Company of $17.1 million in the fourth quarter of 2023, or $0.51 per diluted share.

Key Points:

Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported a net loss attributable to the Company of $17.1 million in the fourth quarter of 2023, or $0.51 per diluted share.
These loans, of which $370 million were variable rate, were classified as held for sale as of December 31, 2023.
Additional details on fourth quarter and full-year 2023 results can be found in the Exhibits to this earnings release, and the earnings presentation available under the Investor Relations section of the Company’s website at https://investor.amerantbank.com .
The Company will hold an earnings conference call on Thursday, January 25, 2024 at 9:00 a.m. (Eastern Time) to discuss its fourth quarter and full-year 2023 results.

INSBANK Parent InsCorp Reports Annual Profits

Retrieved on:

Monday, January 29, 2024

FDIC, ROA, ACL, Policy, Bank, ROE, Treasury, Risk management, EPS, Pressure, Comprehensive income, AOCI, OTCQX

NASHVILLE, Tenn., Jan. 29, 2024 /PRNewswire/ -- Today InsCorp (OTCQX: IBTN) reported a net profit of $2,267,000, or $0.79 per share, in the fourth quarter of 2023 compared to respective levels of $2,319,000 and $0.80 for the fourth quarter of 2022. For the year, net profit of $8,404,000, or $2.92 per share, in 2023 compared to $10,336,000, which benefited from a one-time $2,900,000 gain, or $3.59 per share, in 2022. InsCorp generated a ROA of 1.06% and ROE of 12.8% in 2023.

Key Points:

InsCorp generated a ROA of 1.06% and ROE of 12.8% in 2023.
INSBANK has demonstrated relative stability in a volatile environment over the past couple of years.
Net interest income decreased 1% to $6,481,000 in the fourth quarter and increased 5% for the year to $25,430,000.
"As our company continues to grow, increasing the frequency of dividend distribution is a logical step for our shareholders," said Mike Qualls, Chairman of InsCorp.