Net interest margin

CBOA Financial, Inc. Reports Consolidated Earnings of $1,061,000 in 4Q 2022

Retrieved on: 
Wednesday, January 25, 2023
Commerce Bank, Real estate owned, Growth, Net interest margin, CBOF, Bank, Basel, Cryptocurrency

Our growth and earnings reflect the consistent and resilient performance of our highly talented lending team," stated Chris Webster, President and CEO.

Key Points: 
  • Our growth and earnings reflect the consistent and resilient performance of our highly talented lending team," stated Chris Webster, President and CEO.
  • Fully diluted Earnings per Share was $0.33/share, a 17.9% increase during the year" Webster added.
  • At December 31, 2022, tangible book value was $2.84 per share compared to $2.71 per share at September 30, 2022 and $3.12 per share a year ago.
  • Capital ratios exceeded regulatory guidelines for a well-capitalized institution under Basel III and Dodd Frank Wall Street Reform requirements at December 31, 2022 as well as during all other quarters of 2022.

Business First Bancshares, Inc., Announces Financial Results for Fiscal Year 2022 and Q4 2022

Retrieved on: 
Wednesday, January 25, 2023
Federal Home Loan Banks, Texas Citizens for Science, Interest, New Orleans metropolitan area, GAAP, Insurance, Small Business Administration, FHLB, Advertising, American City Business Journals, Acquisition, Net interest margin, Asset, Sale, SBA, Business, Investment, PPP, Growth, Borrowing base, Acceleration, Airline, Bank, Security (finance), Video game

Additionally, the Company paid a $1.4 million quarterly preferred dividend during the quarter ended December 31, 2022.

Key Points: 
  • Additionally, the Company paid a $1.4 million quarterly preferred dividend during the quarter ended December 31, 2022.
  • “2022 was a pivotal year for b1BANK, highlighted by record financial and operational performance,” said Jude Melville, president and CEO.
  • As of December 31, 2022, approximately 35% of Business First’s loan portfolio resides in Texas based on unpaid principal balance.
  • For the quarter ended December 31, 2022, other expense decreased by $2.6 million, or 6.35%, compared to the quarter ended September 30, 2022.

SNDL and Nova Cannabis Announce Transformational Strategic Partnership Creating a Sustainable Canadian Cannabis Retail Platform

Retrieved on: 
Wednesday, December 21, 2022
COVID-19, News, Proxy, Cannabis, Risk, MI, LLP, Annual report, Toronto Stock Exchange, Partnership, TSX, Stikeman Elliott, Net interest margin, Accretion/dilution analysis, Private sector, Capital, Corporation, The Company, Canadian House of Commons Special Committee on Electoral Reform, Multilateral, Growth, Committee, License, The Meeting, AB, Multimedia, Security (finance), Cyprus Securities and Exchange Commission, SEDAR, Wine, System, SG, Intellectual property, Transaction, Agreement, Legislation, Investment, Drug, Animal, Bank, Audit, Superette

Nova will also have a right of first refusal on SNDL's Canadian cannabis retail pipeline.

Key Points: 
  • Nova will also have a right of first refusal on SNDL's Canadian cannabis retail pipeline.
  • Increased Liquidity: SNDL plans to reduce its equity ownership in Nova to below 20% through a capital distribution of Nova Shares owned by SNDL to SNDL shareholders.
  • Creates sustainable regulated retail network in Canada: The Agreement provides a low-cost operating platform for Nova, driven by SNDL's scale across cannabis and alcohol.
  • Pure-play retail exposure for SNDL shareholders: A share capital distribution of Nova Shares provides SNDL shareholders the optionality of equity exposure to a well-capitalized Canadian retail platform.

Turquoise Hill Acknowledges Announcement by Rio Tinto of Agreements with Certain Minority Shareholders of Turquoise Hill

Retrieved on: 
Wednesday, November 2, 2022
Public Relations, Investor Relations, Natural Resources, Marketing, Communications, Mining, Minerals, Interim order, Special, SEC, Supreme court, Date, Private Securities Litigation Reform Act, Company, Canada Business Corporations Act, Environment, Oyu Tolgoi mine, Letter, Amendment, Rio, Legislation, Net interest margin, Agreement, NYSE, Ownership, EDGAR, The Sundays, Rio Tinto (corporation), U.S. Securities and Exchange Commission, Canadian House of Commons Special Committee on Electoral Reform, Proxy, Supreme Court of Yukon, MI, SEDAR, Exercise, Named, Circular, Internet, Analysis, Nature, Toronto Street Railway, Disclosure, TRQ, Consideration, Arrangement, Minority, File, TSX, Committee, Schedule, Forward-looking statement, Iron ore, Lease, Security (finance), Audit, Mining, Risk management, Turquoise Hill Resources, Court

Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) acknowledges the announcement today by Rio Tinto International Holdings Limited (Rio Tinto) of agreements (the Agreements) entered into between Rio Tinto, Rio Tinto plc and certain shareholders of the Company related to Pentwater Capital Management LP and SailingStone Capital Partners LLC (collectively, the Named Shareholders) holding in aggregate 32,617,578 common shares of the Company.

Key Points: 
  • Turquoise Hill Resources Ltd. (TSX: TRQ) (NYSE: TRQ) (Turquoise Hill or the Company) acknowledges the announcement today by Rio Tinto International Holdings Limited (Rio Tinto) of agreements (the Agreements) entered into between Rio Tinto, Rio Tinto plc and certain shareholders of the Company related to Pentwater Capital Management LP and SailingStone Capital Partners LLC (collectively, the Named Shareholders) holding in aggregate 32,617,578 common shares of the Company.
  • The Special Committee suggested to Rio Tinto that it offer comparable dissent proceedings as those offered to the Named Shareholders in the Agreements to all holders of Minority Shares (the Minority Shareholders).
  • Rio Tinto advised that it was not making the terms of the Agreements available to all Minority Shareholders.
  • The Special Committee recognizes that as a result of Rio Tintos entry into the Agreements Minority Shareholders may require additional time to consider this new information.

Turquoise Hill Announces extension of the proxy deadline for the Special Meeting to 6:00 p.m. (Eastern time) October 31, 2022

Retrieved on: 
Monday, October 31, 2022
Communications, Natural Resources, Other Communications, Mining, Minerals, Board, Rio Tinto, Legislation, TSX, Supreme court, Date, Analysis, SEDAR, Ownership, Proxy, Private Securities Litigation Reform Act, Special, Circular, Nature, Net interest margin, Forward-looking statement, Toronto Street Railway, Oyu Tolgoi mine, SEC, Arrangement, Rio Tinto (corporation), NYSE, Internet, Company, TRQ, Supreme Court of Yukon, Letter, Exercise, EDGAR, Environment, Schedule, Mining, Security (finance), Audit, Risk management, Turquoise Hill Resources

The record date for determining the shareholders eligible to vote at the Special Meeting will remain unchanged as the close of business on September 19, 2022 (the Record Date).

Key Points: 
  • The record date for determining the shareholders eligible to vote at the Special Meeting will remain unchanged as the close of business on September 19, 2022 (the Record Date).
  • Any registered shareholders who wish to exercise a right of dissent can also do so up until 6:00 p.m. (Eastern time) on October 31, 2022.
  • The Meeting Materials are filed and available under Turquoise Hills profiles on SEDAR at www.sedar.com and on EDGAR at www.sec.gov .
  • Details of the Special Meeting and how registered shareholders or their duly appointed proxyholders can attend, access and participate in the Special Meeting are set out in the Circular.

Turquoise Hill Board of Directors Continues to Unanimously Recommend that Minority Shareholders Vote FOR the Arrangement Resolution to Receive C$43.00 per share in Cash; a 67% Premium

Retrieved on: 
Tuesday, October 25, 2022
Communications, Natural Resources, Mining, Minerals, Public Relations, Investor Relations, Time, Circular, Risk, SEC, Review, TSX, Rio Tinto, ISS, NYSE, Board of directors, Toronto Street Railway, Glass Lewis, TRQ, Canadian House of Commons Special Committee on Electoral Reform, Egan-Jones Ratings Company, Montreal, TD, The Sundays, Private Securities Litigation Reform Act, NAV, Company, The Meeting, Analysis, Oyu Tolgoi mine, Committee, Legislation, Board, Nature, Face, Letter, Arrangement, Institutional Shareholder Services, Net interest margin, Proxy, Environment, Internet, Forward-looking statement, Ownership, Schedule, Meeting, Iron ore, Management, Holding company, Security (finance), Audit, Risk management, Turquoise Hill Resources

These equity issuances could not only be dilutive to minority shareholders, but they draw attention to another important consideration.

Key Points: 
  • These equity issuances could not only be dilutive to minority shareholders, but they draw attention to another important consideration.
  • ISS ultimately determined that the discount to NAV implicit in the Rio Tinto offer price outweighed the downside risks that shareholders could face in rejecting the Arrangement.
  • The Special Committee, as did ISS, recognize that different shareholders have different risk tolerances and different outlooks on various factors.
  • The Boards recommendation that minority shareholders vote FOR the transaction has been supported by two proxy advisory firms, Egan-Jones Proxy Services and Glass Lewis.

CBOA Financial, Inc. Reports Consolidated Earnings of $1,005,000 in 3Q 2022

Retrieved on: 
Wednesday, October 26, 2022
Commerce, Bank, Growth, CBOF, Efficiency ratio, Policy, Fed, Net interest margin, Company, Commerce Bank, Small Business Administration, SBA, Solution, Renewable energy, Video game

Excellent net loan growth and the Bank's increasing net interest margin supported strong earnings growth."

Key Points: 
  • Excellent net loan growth and the Bank's increasing net interest margin supported strong earnings growth."
  • Webster also said, "Our customers continue to work through the challenges of inflation and the Fed's interest rising rate policy.
  • The Allowance for Loan Losses totaled $3.7 million at September 2022, or 1.46% of loans, up slightly from the previous quarter.
  • At September 30, 2022, tangible book value was $2.71 per share compared to $2.79 per share at June 30, 2022 and $2.96 per share a year ago.

Turquoise Hill Enters into Definitive Agreements with Rio Tinto

Retrieved on: 
Tuesday, September 6, 2022
Mining, Minerals, Natural Resources, Rio Tinto (corporation), Rio Tinto, Risk, Toronto Stock Exchange, Report of the Special Committee on the Termination of the National Emergency, RBC Capital Markets, Special, Company, Multilateral, Net interest margin, Minority, Credit Suisse, Sullivan & Cromwell, Board, Transaction, Legislation, TRQ, Oliver Cromwell, Rothschild, LLP, Canada Business Corporations Act, TD, Ownership, Paul, Weiss, Rifkind, Wharton & Garrison, Blake, Cassels & Graydon, Equity, News, Analysis, Private Securities Litigation Reform Act, Review, Nature, BMO, BMO Capital Markets, NYSE, McCarthy, TSX, Rothschild & Co, Oyu Tolgoi mine, Committee, Failure, Environment, Forward-looking statement, Iron ore, Audit, Holding company, Mining, Risk management, Turquoise Hill Resources, HOA

Turquoise Hill Resources Ltd. (Turquoise Hill or the Company) (TSX: TRQ) (NYSE: TRQ) announced today that, based on the unanimous recommendation of an independent special committee of its board of directors (the Special Committee), it has entered into an arrangement agreement (the Arrangement Agreement) with Rio Tinto plc and Rio Tinto International Holdings Limited (Rio Tinto), a wholly-owned subsidiary of Rio Tinto plc, in respect of a transaction whereby Rio Tinto will acquire the approximately 49% of the issued and outstanding common shares of the Company that Rio Tinto does not currently own (the Minority Shares) for C$43.00 in cash per share (the Transaction), subject to approval by the Turquoise Hill minority shareholders and other customary closing conditions.

Key Points: 
  • Turquoise Hill Resources Ltd. (Turquoise Hill or the Company) (TSX: TRQ) (NYSE: TRQ) announced today that, based on the unanimous recommendation of an independent special committee of its board of directors (the Special Committee), it has entered into an arrangement agreement (the Arrangement Agreement) with Rio Tinto plc and Rio Tinto International Holdings Limited (Rio Tinto), a wholly-owned subsidiary of Rio Tinto plc, in respect of a transaction whereby Rio Tinto will acquire the approximately 49% of the issued and outstanding common shares of the Company that Rio Tinto does not currently own (the Minority Shares) for C$43.00 in cash per share (the Transaction), subject to approval by the Turquoise Hill minority shareholders and other customary closing conditions.
  • The Special Committee was established by the Turquoise Hill Board of Directors (the Board) to consider the Initial Proposal, as well as other alternatives available to the Company and, if it deemed advisable, negotiate with Rio Tinto.
  • BMO Capital Markets is acting as exclusive advisor to the Special Committee of Turquoise Hill and Blake, Cassels & Graydon LLP is acting as legal counsel to the Special Committee.
  • Norton Rose Fulbright Canada LLP and Paul, Weiss, Rifkind, Wharton & Garrison LLP are acting as Canadian and U.S. legal counsel, respectively, to Turquoise Hill.

GOME Retail In 1H 2022 consolidated gross profit margin significantly increased to 19.8%, Cash flows from operating activities improved significantly and positively

Retrieved on: 
Thursday, September 1, 2022
Cloud, Commerce, Ministry, Technology, Advertising, GOME, Huawei, Philosophy, Exhibition, Professional, HK, City, Internet, Sale, Omnichannel, No, APP, Ministry of Commerce (Myanmar), Social responsibility, HKEX, Alibaba Cloud, Company, History, Net interest margin, Pediatric Home Service, Hong Kong Stock Exchange, Home, Acquisition, Growth, Marketing, Electronics, Efficiency, Retail, Oil, Online shopping, Group, Tencent

The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completed

Key Points: 
  • The consolidated gross profit margin and operating cash flow improved significantly, and construction of the full retail ecological sharing platform has been completed
    In 1H 2022, GOME continues to promote the implementation of the "Home .
  • The Group's operating expenses were approximately RMB4,839 million, which decreased by 3.10% as compared to the corresponding period last year.
  • During the Reporting Period, the Group's cash flows generated from operating activities had significant improvement over the corresponding period last year, achieving a positive net inflow of RMB55 million.
  • The effect of the transformation has been shown in the 1H 2022, the Group's consolidated gross profit was RMB2.4 billion, and the consolidated gross profit margin was approximately 19.81%, increased by 5.5 percentage points as compared to the corresponding period last year.

Imperial Mining Announces its Intent to Extend the Expiry Date of Warrants

Retrieved on: 
Monday, August 29, 2022
Warrant, IPG, TSX Venture Exchange, LTD, Corporation, TSX, GLOBE, Company, Multilateral, Policy, Net interest margin, Imperial, Security (finance)

MONTRAL, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (Imperial or the Corporation) (TSX VENTURE: IPG; OTCQB: IMPNF) announces its intent to extend the expiry dates of a total of 12,718,332 share purchase warrants (the Warrants), by 12 months to September 10, 2023 (the Warrant Extension).

Key Points: 
  • MONTRAL, Aug. 29, 2022 (GLOBE NEWSWIRE) -- Imperial Mining Group Ltd. (Imperial or the Corporation) (TSX VENTURE: IPG; OTCQB: IMPNF) announces its intent to extend the expiry dates of a total of 12,718,332 share purchase warrants (the Warrants), by 12 months to September 10, 2023 (the Warrant Extension).
  • The Warrants were issued pursuant to a private placement which closed onSeptember 10, 2019.
  • A total of 2,050,000 Warrants are held by parties who are considered to be related parties of the Company.
  • ABOUT IMPERIAL MINING GROUP LTD.
    Imperial is a Canadian mineral exploration and development company focused on the advancement of its technology metals projects in Qubec.