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CSB Bancorp, Inc. Reports Fourth Quarter Earnings

Retrieved on:

Tuesday, January 23, 2024

Loan yields for fourth quarter 2023 averaged 5.64%, an increase of 82 basis points from the 2022 fourth quarter average of 4.82%, while overnight funds and securities yields for fourth quarter 2023 averaged 5.54% and 2.20%, respectively, compared to 3.74% and 2.07% in the fourth quarter 2022.

Key Points:

Loan yields for fourth quarter 2023 averaged 5.64%, an increase of 82 basis points from the 2022 fourth quarter average of 4.82%, while overnight funds and securities yields for fourth quarter 2023 averaged 5.54% and 2.20%, respectively, compared to 3.74% and 2.07% in the fourth quarter 2022.
Interest expense rose $2.0 million, or 172%, during fourth quarter 2023 as compared to fourth quarter 2022.
The cost to fund gross earning assets for the fourth quarter 2023 was 1.12% as compared to 0.41% for the fourth quarter of 2022.
Federal income tax expense was $912 thousand in the 2023 fourth quarter compared to $921 thousand in the 2022 fourth quarter.

Open Lending Research Uncovers Near- and Non-Prime Consumers’ Automotive Financing Hopes and Doubts

Retrieved on:

Tuesday, January 23, 2024

Insurance, Data Analytics, Finance, Automotive, Banking, Professional Services, Fintech, General Automotive, Risk, Ageing, Generation Z, Research, ROA, Real estate

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has completed a study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers.

Key Points:

Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has completed a study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers.
For 2024, the report digs deeper into the near- and non-prime segment, which comprises consumers significantly impacted by vehicle accessibility.
Open Lending surveyed 1,042 U.S.-based consumers who fall within either the near-prime (i.e., credit score of 620-659) or non-prime (i.e., credit score of 580-619) credit tier.
“Near- and non-prime consumers have hesitations and doubts around the automotive lending process, and that’s not something lenders should simply accept,” said Matt Roe, Chief Revenue Officer at Open Lending.

TNB ANNOUNCES EARNINGS AND STOCK REPURCHASE PLAN

Retrieved on:

Wednesday, January 24, 2024

ROA, TNB, Bank, Culture, ROE, OTC, Acquisition, Investment, Growth

The company also announced that its board of directors has authorized the company to repurchase up to $5 million of its outstanding common stock.

Key Points:

The company also announced that its board of directors has authorized the company to repurchase up to $5 million of its outstanding common stock.
The talent, pride and competitive spirit of our bankers makes us more confident than ever about the future of TNB."
In commenting on the common stock repurchase plan, Stephen Cheney, CEO stated "We continue to see a substantial opportunity for value creation in our Company over the long term.
The strength of our business model, balance sheet and cash flow enable us to continue investing for the long term, while also opportunistically buying back stock through our repurchase plan."

CNB COMMUNITY BANCORP, INC. REPORTS 2023 RESULTS

Retrieved on:

Friday, January 12, 2024

OTCQX, ROE, CNBB, Futures contract, EPS, Total, ROA, The Company, CNB, Cryptocurrency

HILLSDALE, Mich., Jan. 12, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months and twelve months ended December 31, 2023.

Key Points:

HILLSDALE, Mich., Jan. 12, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three months and twelve months ended December 31, 2023.
For the year ended December 31, 2023, CNB Community Bancorp, Inc. (the "Company") reported net income of $10.6 million, a decrease of $1.6 million, or 13.1%, from the $12.2 million earned during the year ended December 31, 2022.
Basic earnings per share decreased to $4.91 during the year ended December 31, 2023, down $0.77 from $5.68 during 2022.
Furthermore, the Company results demonstrate that this model works as CNB surpassed $1.25 billion in assets in 2023 and improved our Net Interest Margin to 3.62%."

Crazy Woman Creek Bancorp Reports Earnings for Fiscal Year 2023

Retrieved on:

Wednesday, December 27, 2023

CECL, Partnership, FOMC, Bank, ROE, Fort Street, ROA, Professional, CRZY, MST, Environment

BUFFALO, Wyo., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We continue to build our franchise as Crazy Woman Creek Bancorp (OTCPink: CRZY) and Buffalo Federal Bank, known as The Banks of Buffalo, Sheridan, Gillette and BFSB Mortgage of Evanston.

Key Points:

BUFFALO, Wyo., Dec. 27, 2023 (GLOBE NEWSWIRE) -- We continue to build our franchise as Crazy Woman Creek Bancorp (OTCPink: CRZY) and Buffalo Federal Bank, known as The Banks of Buffalo, Sheridan, Gillette and BFSB Mortgage of Evanston.
Our vision remains to be the premier community bank serving the needs of individuals, families and businesses throughout North-Central Wyoming.
Crazy Woman Creek Bancorp posted the third-best performance in our 87-year history; at September 30, 2023 the fiscal year net income was $1,277,138, corresponding to an annualized return on equity (ROE) of 10.41% and annualized return on assets (ROA) of 0.71%.
Our loan loss reserve at September 30, 2023 was 1.79% and substantially above the Wyoming average of 1.45%.

Near- and Non-Prime Consumers Face Shrinking Access to Automotive Financing in 2023, Open Lending Research Finds

Retrieved on:

Wednesday, December 13, 2023

Professional Services, Automotive, Data Analytics, General Automotive, Insurance, Finance, Banking, Eye, Ford, Seed, EVS, Risk, Federal, ROA, Pulse, Original equipment manufacturer, EV, Bank

These trends provide critical insights for automotive lenders on how to serve near- and non-prime borrowers while managing risk and exceeding ROA targets.

Key Points:

These trends provide critical insights for automotive lenders on how to serve near- and non-prime borrowers while managing risk and exceeding ROA targets.
For automotive lenders, this is an opportunity to engage near- and non-prime borrowers and start long-term, mutually beneficial relationships,” said Matt Roe, Chief Revenue Officer of Open Lending.
In the second quarter of 2023, Chevrolet ranked first in new car purchases by near- and non-prime consumers.
Read the full report and sign up here to receive quarterly Near- and Non-Prime Consumer Updates from Open Lending.

Global Premature Ejaculation Therapeutics Market Insights Report 2024-2029 Featuring Prominent Vendors - Plethora Solutions, Pfizer, Eli Lilly and Co, GSK, Menarini - ResearchAndMarkets.com

Retrieved on:

Monday, December 11, 2023

This report offers market size & forecast data for the global premature ejaculation therapeutics market.

Key Points:

This report offers market size & forecast data for the global premature ejaculation therapeutics market.
This report provides a comprehensive and current market scenario of the global premature ejaculation therapeutics market, including the global premature ejaculation therapeutics market size, anticipated market forecast, relevant market segmentations, and industry trends.
The study considers a detailed scenario of the present global premature ejaculation therapeutics market and its market dynamics for 2024?2029.
Plethora Solutions, Pfizer, Eli Lilly and Company, GSK plc, and the Menarini group are some leading players currently dominating the global premature ejaculation therapeutics market.

Hyundai Announces 2024 Kona Electric Pricing

Retrieved on:

Monday, December 11, 2023

Kona Electric offers several class-aboveiv features including dual-zone automatic climate control, heated and ventilated front seats, and a heated steering wheel.

Key Points:

Kona Electric offers several class-aboveiv features including dual-zone automatic climate control, heated and ventilated front seats, and a heated steering wheel.
Hyundai Kona Electric also features an expansion of the recently launched Hyundai Pay vi platform to enable in-vehicle payments.
In addition to parking, Kona Electric owners can pay for charging at select locations through Hyundai Pay.
i 2024 KONA Electric 261-mile range based on a fully charged battery and 116 combined MPGe.

All-New 2024 Hyundai Santa Fe Revealed at AutoMobility LA with Wider 'Open for More' Liftgate Opening

Retrieved on:

Thursday, November 16, 2023

The 2024 Santa Fe 2.5T model goes on sale in March 2024, with the Hybrid model on sale in spring.

Key Points:

The 2024 Santa Fe 2.5T model goes on sale in March 2024, with the Hybrid model on sale in spring.
Santa Fe enhances its city-friendly, adventure-ready appeal with a generous, terrace-like living space created by its new, longer wheelbase and larger liftgate opening.
With the 2024 Santa Fe, we continue our impressive transformation of the Hyundai brand and the broader SUV landscape.
The new, wide liftgate design is nearly six inches wider than the previous generation Santa Fe.

ExchangeRight's Essential Income REIT Now Tracked by Blue Vault

Retrieved on:

Wednesday, November 15, 2023

Research, Alternative, Investment, REIT, RIAS, DST, ROA, Real estate investment trust, Real estate

PASADENA, Calif., Nov. 15, 2023 /PRNewswire/ -- ExchangeRight , one of the nation's leading providers of diversified real estate DST and REIT investments, has announced the company's Essential Income REIT is now being tracked and reported on by Blue Vault.

Key Points:

PASADENA, Calif., Nov. 15, 2023 /PRNewswire/ -- ExchangeRight , one of the nation's leading providers of diversified real estate DST and REIT investments, has announced the company's Essential Income REIT is now being tracked and reported on by Blue Vault.
Blue Vault's quarterly reporting will give advisors convenient access to valuable performance insights about the Essential Income REIT on an ongoing basis and compare it alongside other offerings tracked by the research firm.
A summary from the second quarter report on the Essential Income REIT is presented below:
Operating Performance: The Essential Income REIT has a "High" 12-month average Return on Assets ("ROA"), above the median ROA for all non-traded REITs for the previous four quarters.
Financing Outlook: Blue Vault reports that the Essential Income REIT has a lower need for financing, citing that the REIT's interest coverage ratio "exceeds the 2.0x benchmark and the REIT does not have more than 20% of debt maturing within two years."