Return on equity

AM Best Affirms Credit Ratings of MAPFRE S.A.’s Rated Operating Subsidiaries

Thursday, October 14, 2021 - 6:25pm

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of a+ (Excellent) of MAPFRE S.A.s (MAPFRE) rated operating subsidiaries.
  • The ratings reflect MAPFREs balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favourable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

Summit Bank Reports 2021 1st Quarter Earnings

Wednesday, April 21, 2021 - 4:08pm

Summit Bank has been successful in maintaining strong and consistent profitability concurrent with its recent rapid balance sheet growth with a return on average equity of 14.9 percent during Q1 2021 following 14.3 percent for the 2020 fiscal year.

Key Points: 
  • Summit Bank has been successful in maintaining strong and consistent profitability concurrent with its recent rapid balance sheet growth with a return on average equity of 14.9 percent during Q1 2021 following 14.3 percent for the 2020 fiscal year.
  • The Bank is currently in its ninth consecutive year producing a return on equity in excess of 10 percent.\nSummit\xe2\x80\x99s continued robust earnings supported asset growth during the quarter and thus the Bank\xe2\x80\x99s capital position remains strong.
  • Summit was recognized in 2020 as the Top Small Business Administration (SBA) Community Bank Lender in the State of Oregon.
  • Summit Bank is quoted on the NASDAQ Over-the-Counter Bulletin Board as SBKO.\n'

Demand Science Unveils Its Business Intelligence Platform, Fueling Continued Growth Acceleration in 2021

Wednesday, March 31, 2021 - 3:07pm

"Our ability to leverage Infonomics for 'guided next action' is a disruptive game-changer in the business intelligence marketplace."

Key Points: 
  • "Our ability to leverage Infonomics for 'guided next action' is a disruptive game-changer in the business intelligence marketplace."
  • Demand Science's Business Intelligence Platform uses data from over 131 million records and multiple intent sources to inform Predictive B2B Models that enhancethe business value in data sets for its clients.
  • "We are excited about the strategic implications that our Business Intelligence Platform will facilitate for both our clients globally and Demand Science as a whole over the coming months."
  • Demand Science is a global buyer intelligence platform that accelerates demand generation for the world's largest software, technology and B2B companies.

HV Bancorp, Inc. Announces Common Stock Repurchase Program

Tuesday, February 23, 2021 - 8:59pm

This repurchase plan will supplement the previously announced repurchase plan which is nearly complete.

Key Points: 
  • This repurchase plan will supplement the previously announced repurchase plan which is nearly complete.
  • The Company believes the repurchase of its stock may increase the return on equity and the net income per share of the remaining outstanding shares of common stock and enhance long-term shareholder value.
  • These stock repurchases are not expected to have a material impact on capital levels due to the consistent nature of the buyback plans.
  • HV Bancorp, Inc. (Nasdaq Capital Market: HVBC) is a bank holding company headquartered in Doylestown, PA.

Allstate Increases Quarterly Dividend by 50%

Monday, February 22, 2021 - 2:56pm

This represents a 50% increase from the dividend declared in the previous quarter.

Key Points: 
  • This represents a 50% increase from the dividend declared in the previous quarter.
  • The Boards confidence in Allstates growth strategy and sustainable earnings potential supports this substantial quarterly dividend increase, said Mario Rizzo, Chief Financial Officer.
  • Allstates return on equity is among the highest in the insurance industry and this materially increases our payout ratio and current dividend yield.
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .

Nordea Bank Abp Announces Fourth-quarter and full-year results 2020

Thursday, February 4, 2021 - 7:00am

SME lending increased by 8%, supported by the acquisition of SG Finans, now Nordea Finance Equipment (NFE).

Key Points: 
  • SME lending increased by 8%, supported by the acquisition of SG Finans, now Nordea Finance Equipment (NFE).
  • Net fee and commission income was up 2%, while net fair value result was down 13%.
  • Return on equity (RoE) for the quarter was 8.4%, having been negatively affected by Nordeas very high level of capitalisation.
  • After deducting the proposed 2019 and 2020 dividends in full, the Groups CET1 ratio was up 70bp on the previous quarter at 17.1%.

Bryte, the Leading Sleep Technology Platform and Creators of the AI-powered Restorative Bed™, Raises $24M in Series A Funding Led by ARCHina Capital

Wednesday, January 13, 2021 - 3:20pm

LOS ALTOS, Calif., Jan. 13, 2021 /PRNewswire/ -- Bryte , the leader in AI-powered restorative sleep technology, today announced $24M in Series A funding led by ARCHina Capital.

Key Points: 
  • LOS ALTOS, Calif., Jan. 13, 2021 /PRNewswire/ -- Bryte , the leader in AI-powered restorative sleep technology, today announced $24M in Series A funding led by ARCHina Capital.
  • Bryte is now engaged with multiple global mattress manufacturers, and funding will go towards R&D and expansion across markets and price points.
  • The Bryte team, led by CEO Ely Tsern PhD, is comprised of leaders in licensing, AI, software, robotics, and sleep science.
  • "Our mission is to reunite people with restorative sleep and help them achieve their full sleep potential.

EBA points to a further rise in capital and leverage ratios, whereas profitability remains strongly subdued

Wednesday, January 13, 2021 - 4:07pm

The Q3data shows a rise in capital ratios, and an improvement in the NPL ratio, while the return on equity (RoE) remained significantly below banks cost of equity.

Key Points: 
  • The Q3data shows a rise in capital ratios, and an improvement in the NPL ratio, while the return on equity (RoE) remained significantly below banks cost of equity.
  • Due to a further increase in capital and contraction in risk-weighted assets, the CET1 ratio grew by 40bps to 15.1%.
  • The leverage ratio similarly increased from 5.2% in Q2 to 5.5% in Q3 (both based on a fully phased in definition).
  • The rise was driven by the contraction of the cost of risk (74bps, down from 86bps in Q2).

Nordea Bank Abp Announces Third Quarter Results 2020

Friday, October 23, 2020 - 10:05am

Consequently, the results in the quarter were strong.

Key Points: 
  • Consequently, the results in the quarter were strong.
  • Our return on equity was supported by very low net loan losses in the third quarter, but the underlying development is clearly positive.
  • Nordea's financial targets for 2022 are:
    In 2020, Nordea expects to reach a cost base of below EUR 4.7bn, with planned continued net cost reductions beyond 2020.
  • Our dividend policy stipulates a dividend payout ratio of 60-70%, applicable to profit generated from 1 January 2020.

Commercial National Financial Corporation Reports 2nd Quarter 2020 Earnings

Wednesday, July 29, 2020 - 11:00am

ITHACA, Mich., July 29, 2020 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced second quarter 2020 net income of $1,147,000, or $.29 per share compared to second quarter 2019 net income of $1,123,000, or $.28 per share.

Key Points: 
  • ITHACA, Mich., July 29, 2020 (GLOBE NEWSWIRE) -- Commercial National Financial Corporation (Pink Sheets: CEFC) today announced second quarter 2020 net income of $1,147,000, or $.29 per share compared to second quarter 2019 net income of $1,123,000, or $.28 per share.
  • Return on Equity (ROE) was 11.54% for the second quarter of 2020 compared to 12.32% for the second quarter of 2019.
  • For the second quarter of 2020, net interest income increased $348,000, or 9.7% compared to the second quarter of 2019 primarily due to net interest margin improvement as well as from growth in interest-earning assets related to Paycheck Protection Program loans.
  • The provision for loan losses expense was $450,000 for the second quarter of 2020, compared to none for the second quarter of 2019.