PSB

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024
Clearpath Robotics, CSG, Wireless, Musiktheater im Revier, JBT Corporation, ASP, Viastore Systems, Crown Equipment Corporation, QR, AMR, Software, Sensor fusion, SoftBank Group, Robert Williams (robot fatality), Safety, Human voice, KION Group, Informatik, Hikvision, Rockwell Automation, MOV, FREEDOM, Artificial intelligence, CPM, Beumer Group, JD, Growth, Robotics, Honeywell Intelligrated, Gesellschaft mit beschränkter Haftung, SBS, Deep learning, OPEX, KUKA, ROI, Automation, CGI, Vecna Robotics, OPEX (corporation), LG Chem, RaaS, ST Engineering, Mobile industrial robots, TAM, DMW, Omron Adept, ASRS, AI, Research, MHS, QR code, Security, Motion control, ASI, Bossa Nova Robotics, Lidar, EnerSys, Ocado, PSB, Mobile robot, AGV, Communication, Retail

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Mobile Robots Market (AGV and AMR) to reach ~$20B TAM by 2028 with an installed base of 2,700,000 Mobile Robots - LogisticsIQ

Retrieved on: 
Wednesday, January 31, 2024
Clearpath Robotics, CSG, Wireless, Musiktheater im Revier, JBT Corporation, ASP, Viastore Systems, Crown Equipment Corporation, QR, AMR, Software, Sensor fusion, SoftBank Group, Robert Williams (robot fatality), Safety, Human voice, KION Group, Informatik, Hikvision, Rockwell Automation, MOV, FREEDOM, Artificial intelligence, CPM, Beumer Group, JD, Growth, Robotics, Honeywell Intelligrated, Gesellschaft mit beschränkter Haftung, SBS, Deep learning, OPEX, KUKA, ROI, Automation, CGI, Vecna Robotics, OPEX (corporation), LG Chem, RaaS, ST Engineering, Mobile industrial robots, TAM, DMW, Omron Adept, ASRS, AI, Research, MHS, QR code, Security, Motion control, ASI, Bossa Nova Robotics, Lidar, EnerSys, Ocado, PSB, Mobile robot, AGV, Communication, Retail

Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.

Key Points: 
  • Both AGVs and AMRs collectively are going to cross the installed base of 2.7 million units in 2028 to make the mobile robots a new normal in our day-to-day operational activities.
  • United States, Germany, U.K., and China are going to lead the market with an annual demand of more than 350,000 mobile robots (AGV & AMR) by 2028.
  • Goods to Person (G2P) and Person to Goods (P2G), both type of AMRs are having their own market with some advantages and disadvantage.
  • Picking Robots, Manipulator Robots, Case Handling Robots, and Sortation Robots are going to emerge as a new important category by 2028, specially in micro-fulfillment space.

Summit Financial Group Reports Earnings of $1.11 Per Share for Fourth Quarter 2023

Retrieved on: 
Thursday, January 25, 2024
NIM, Trust, Summit, Federal, Non-commissioned officer, Sale, Investment, Acquisition, NPAS, PSB, Burke, Growth, Video game

The Company’s provision for credit losses totaled $1.50 million in the fourth quarter of 2023 compared to $1.25 million in the linked quarter.

Key Points: 
  • The Company’s provision for credit losses totaled $1.50 million in the fourth quarter of 2023 compared to $1.25 million in the linked quarter.
  • Net interest income totaled $40.8 million in the fourth quarter of 2023, marking an increase of 18.7 percent from the prior-year fourth quarter and down 1.2 percent from the linked quarter.
  • Summit recorded a $1.50 million provision for credit losses in the fourth quarter of 2023 compared to $1.25 million for the linked quarter and $1.50 million in the fourth quarter of 2022.
  • The Company recognized net gains on equity investments of $365,000 in the fourth quarter 2023 compared to $180,000 in the linked quarter.

PSB Holdings, Inc. announces semi-annual cash dividend of $0.30 per share

Retrieved on: 
Wednesday, December 20, 2023
Growth, OTCQX, PSB, Holding company

The dividend is payable January 29, 2024 to shareholders of record as of January 10, 2024 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022.

Key Points: 
  • The dividend is payable January 29, 2024 to shareholders of record as of January 10, 2024 and represents an increase of 20.0% over the $0.25 per share semi-annual cash dividend declared on December 20, 2022.
  • The current dividend continues a 59-year tradition of cash dividends to PSB shareholders including 30 consecutive years of increased cash dividends declared per share.
  • PSB President and CEO Scott M. Cattanach said, “We are proud of our long history of growing dividend payments to shareholders.
  • Our franchise remains on sound footing enabling us to make dividend payments to shareholders while expanding our reach in the communities we serve.

Not so Merry and Bright: MassMutual Quarterly Survey finds Americans’ Confidence in their Financial Futures Low ahead of Festive Season

Retrieved on: 
Tuesday, December 5, 2023
Men, Professional Services, Family, Personal Finance, Consumer, Baby Boomers, Insurance, Generation Z, Women, Generation X, Seniors, Millennials, Consulting, HOLIDAY, PSB, Research, Consumer spending, PSB Insights, Social media, CFP, Federal Reserve, Baby boomers, Silent Generation, MassMutual, Retail, Bank, Tourism

“It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.

Key Points: 
  • “It is crucial to recognize that challenging times require more thoughtful financial planning, and this is a good moment in the year to reflect on what’s ahead.
  • A staggering 76% of respondents with student loan debt say the resumption of student loan payments has had a negative impact on their day-to-day financial health.
  • HOLIDAY CHEER: Intriguingly, Americans’ anxiety over their financial futures has not notably dampened their holiday cheer compared to last year.
  • Research was also conducted with an additional sample of 500 adult Massachusetts residents from October 19 to November 7, 2023.

Summit Financial Group Reports Earnings of $1.09 Per Share for Third Quarter 2023

Retrieved on: 
Thursday, October 26, 2023
Sale, Non-commissioned officer, History, PSB, CRE, NPAS, Acquisition, Trust, Mergers and acquisitions, C&I, Growth, Current Expected Credit Losses, NIM, CECL, Plan, Investment, Video game, Credit, Gasoline, Bank, Cryptocurrency, Real estate, Burke

MOOREFIELD, W.Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2023, highlighting robust core operating performance marked by continued notable strength in its net interest margin.

Key Points: 
  • MOOREFIELD, W.Va., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today reported financial results for the third quarter of 2023, highlighting robust core operating performance marked by continued notable strength in its net interest margin.
  • The Company’s provision for credit losses totaled $1.25 million in the third quarter of 2023 compared to $8.00 million in the linked quarter.
  • In addition, the Company recognized net gains on equity investments of $180,000 in the third quarter 2023 compared to $150,000 in the linked quarter.
  • Summit paid a quarterly common dividend of $0.22 per share in the third quarter of 2023.

PSB Holdings, Inc. Reports Third Quarter 2023 Earnings of $0.29 Per Share; Loan Growth Up 4.7% From Prior Quarter and 17.2% From Prior Year

Retrieved on: 
Wednesday, October 25, 2023
Sale, People's State Bank (Orangeville, Illinois), Bank, Tax, PSB, AOCI, Growth, FHLB, Broker-dealer, Borrowing base, SBA, Cryptocurrency, Life insurance, Real estate, Video game, Rare-earth element

Return on tangible common equity was 5.09% for the quarter ended September 30, 2023 compared to 11.14% the prior quarter.

Key Points: 
  • Return on tangible common equity was 5.09% for the quarter ended September 30, 2023 compared to 11.14% the prior quarter.
  • Noninterest income was $1.7 million for the quarter ended September 30, 2023 compared to $2.0 million the prior quarter.
  • Total mortgage banking income was $345,000 for the quarter ended September 30, 2023 compared to $311,000 for the quarter ended June 30, 2023.
  • Noninterest expenses decreased to $7.5 million for the third quarter of 2023, compared to $7.9 million for the second quarter of 2023.

Strategic Collaboration Between Amazon’s Counterfeit Crimes Unit and the Prada Group Leads to International Counterfeiter’s Guilty Plea

Retrieved on: 
Monday, October 23, 2023
Mobile, Wireless, Online Retail, Internet, Other Retail, Luxury, Electronic Commerce, Apps, Applications, Law Enforcement, Emergency Services, Technology, Fashion, Retail, Public Policy, Government, Sale, Prada, PSB, Intellectual property, Crime, Intellectual, Law enforcement, Multimedia, CCU, Amazon, Drug, EU

Amazon’s Counterfeit Crimes Unit (CCU), the Prada Group, and other luxury brands collaborated to provide information and evidence to Chinese law enforcement, which resulted in a counterfeiter’s guilty plea to crimes related to the sale of counterfeit luxury products.

Key Points: 
  • Amazon’s Counterfeit Crimes Unit (CCU), the Prada Group, and other luxury brands collaborated to provide information and evidence to Chinese law enforcement, which resulted in a counterfeiter’s guilty plea to crimes related to the sale of counterfeit luxury products.
  • In this instance, the court was able to primarily rely on the information provided by Amazon and luxury brands, such as Prada.
  • “This successful result would not have been possible without the collaboration with law enforcement and luxury players such as the Prada Group.
  • In 2022, Amazon's CCU sued or referred for investigation over 1,300 criminals in the U.S., the UK, across the EU, and in China.

Texas' Plains State Bank grows client offerings with Raymond James wealth management program

Retrieved on: 
Wednesday, September 27, 2023
PSB, Core, Culture, Financial adviser, Central Texas

HOUSTON, Sept. 27, 2023 /PRNewswire/ -- Plains State Bank expands its portfolio of client services with a new wealth management program, offering clients access to the investment and wealth management services of Raymond James Financial Services, Inc., member FINRA/SIPC.

Key Points: 
  • HOUSTON, Sept. 27, 2023 /PRNewswire/ -- Plains State Bank expands its portfolio of client services with a new wealth management program, offering clients access to the investment and wealth management services of Raymond James Financial Services, Inc., member FINRA/SIPC.
  • "It gives me great satisfaction to extend a warm welcome to Plains State Bank and the talented wealth management team at Core+ Financial Strategies," said Tim Killgoar, Raymond James senior vice president.
  • "Our unwavering focus remains centered on delivering comprehensive support to our bank programs and a close working relationship that surpasses traditional brokerage offerings."
  • Since its inception in 1957, Plains State Bank has grown into one of the Houston Metro Area's largest community banks.

Core10 Selected as a Preferred Service Provider for the Community Bankers Association of Illinois

Retrieved on: 
Wednesday, September 20, 2023
Mobile, Wireless, Technology, Finance, Fintech, Banking, Other Technology, Professional Services, Software, Data Management, Other Professional Services, Partnership, PSB, Education, API, PSP, IT, Community, CBSC, Fraud, Social media, KYC, Cryptocurrency

Core10, Inc. ( Core10 ), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services is now a Preferred Service Provider (PSP) for the Community BancService Corporation ( CBSC ).

Key Points: 
  • Core10, Inc. ( Core10 ), a U.S.-based financial technology company that provides lending and account opening products, as well as software development services is now a Preferred Service Provider (PSP) for the Community BancService Corporation ( CBSC ).
  • This partnership enables Core10 to bring its digital account opening and lending platform to community banks throughout the Illinois area.
  • In conjunction with its business services subsidiary, the CBSC, the Community Bankers Association of Illinois ( CBAI ) is committed to helping local banks remain competitive to benefit their customers and the Illinois communities they serve.
  • Yet, most community bankers cite concerns around KYC, fraud and the cost of implementing a digital solution.