Paycheck Protection Program

Premier Financial Corp. Announces Full Year 2023 Results

Retrieved on: 
Tuesday, January 23, 2024
Insurance, FDIC, Internet access, Credit, AFS, Total, PFC, CFO, Bank, Treasury, Paycheck Protection Program, FHLB, TE, Federal Reserve Economic Data, Element, Tier 1, Federal funds, Premier, Growth, Sale, Acquisition, PPP

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 fourth quarter and full year results.

Key Points: 
  • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2023 fourth quarter and full year results.
  • Total average interest-bearing deposit costs increased 29 basis points to 2.83% for the fourth quarter of 2023.
  • Insurance commissions were $8.9 million in 2023, down from $16.2 million in 2022 due to the insurance agency sale on June 30, 2023.
  • Brokered deposits were $341.9 million at December 31, 2023, compared to $392.2 million at September 30, 2023 and $143.7 million at December 31, 2022.

From the Tax Law Offices of David W. Klasing - Maryland Business Owner and Texas Tax Preparer Charged with Conspiracy & Tax Fraud, Face Decades in Federal Prison

Retrieved on: 
Wednesday, January 10, 2024
Law, Multimedia, Paycheck Protection Program, Federal, Crime, Government, Tax law, Theft, Offense, IRS, EAS, Justice, Justice minister

Court documents reveal that a business owner from Maryland and his tax preparer from Texas, were recently charged with numerous offenses including conspiracy to defraud the United States, filing false tax returns, and theft of government funds.

Key Points: 
  • Court documents reveal that a business owner from Maryland and his tax preparer from Texas, were recently charged with numerous offenses including conspiracy to defraud the United States, filing false tax returns, and theft of government funds.
  • According to the indictment, the business owner from Maryland filed at least 15 false tax returns between 2017 and 2022, fraudulently claiming nearly $65 million in false refunds.
  • Regardless of your business or estate needs, the professionals at the Tax Law Offices of David W. Klasing are here for you.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

Ark Restaurants Announces Financial Results for the Fourth Quarter and Fiscal Year Ended 2023

Retrieved on: 
Monday, December 18, 2023
Retail, Restaurant, Bar, Food, Beverage, Steakhouse, Paycheck Protection Program, Consolidated, News, Forgiveness, Commitment, Stoa Poikile, Gallagher's Steakhouse, Bryant Park, Cryptocurrency

Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended September 30, 2023.

Key Points: 
  • Ark Restaurants Corp. (NASDAQ:ARKR) today reported financial results for the fourth quarter and fiscal year ended September 30, 2023.
  • The fiscal years ended September 30, 2023 and October 1, 2022 both included 52 weeks and the quarters ended September 30, 2023 and October 1, 2022 both included 13 weeks.
  • Total revenues for the 13 weeks ended September 30, 2023 were $44,400,000 versus $46,884,000 for the 13 weeks ended October 1, 2022.
  • Total revenues for the year ended September 30, 2023 were $184,793,000 versus $183,674,000 for the year ended October 1, 2022.

ACNB Corporation Reports 2023 Third Quarter Financial Results

Retrieved on: 
Friday, October 27, 2023
Insurance, Sale, FDIC, ACNB, Vision, Paycheck Protection Program, PPP, Maintenance, FTE, Environment, Growth, Marketing, Corporation, Lender option borrower option, Cryptocurrency, Life insurance, Video game, Beauty salon, Bank, Security (finance), Pharmaceutical industry, Rare-earth element

GETTYSBURG, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced financial results for the quarter ended September 30, 2023 with net income of $9.0 million, a decrease of $1.3 million, or 12.4%, compared to net income of $10.3 million for the three months ended September 30, 2022.

Key Points: 
  • GETTYSBURG, Pa., Oct. 27, 2023 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced financial results for the quarter ended September 30, 2023 with net income of $9.0 million, a decrease of $1.3 million, or 12.4%, compared to net income of $10.3 million for the three months ended September 30, 2022.
  • The current quarter net income of $9.0 million decreased $480 thousand, or 5.0%, compared to net income of $9.5 million for the quarter ended June 30, 2023.
  • “We are pleased to announce strong results for the third quarter of 2023 which reflect our continued focus on profitability.” said ACNB Corporation President and Chief Executive Officer James P. Helt.
  • In addition, ACNB repurchased 46,378 shares of ACNB common stock during the three months ended September 30, 2023 at a cost of $1.5 million compared to no shares of ACNB common stock during the prior quarter and 109,931 shares of ACNB common stock during the comparable quarter last year at a cost of $3.8 million.

First Keystone Announces Third Quarter 2023 Earnings (Unaudited)

Retrieved on: 
Tuesday, October 31, 2023
Banking, Professional Services, Finance, Asset, FKYS, Security (finance), OTC Markets Group, ATM, Bank, Paycheck Protection Program, Federal Home Loan Banks, Income tax, Fraud, Disclosure, Federal funds, Tradition, Bank statement, Dain Rauscher Wessels, Growth, Community Bank, Corporation, Lender option borrower option, SBA, Cryptocurrency

First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, reported net income for the nine months ended September 30, 2023 was $3,779,000.

Key Points: 
  • First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, reported net income for the nine months ended September 30, 2023 was $3,779,000.
  • Net income per share was $0.62 while dividends totaled $0.84 per share for the nine months ended September 30, 2023.
  • Non-interest income increased by $71,000 or 1.6% for the nine months ended September 30, 2023 as compared to the same period in 2022.
  • For more information on First Keystone Community Bank or its parent company, First Keystone Corporation, please contact Elaine A. Woodland at 570-752-3671.

The Bancorp, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Banking, Professional Services, Finance, Clifton Bancorp, Inc., Insurance, Paycheck Protection Program, Federal Reserve, Security, Conference, ROE, Bank holding company, ACH, Growth, LIVE, Webcast, PacWest Bancorp, Investment, Government, National Association, Cryptocurrency, Rare-earth element, Bank

The Bancorp, Inc. ("The Bancorp" or “we”) (NASDAQ: TBBK), a financial holding company, today reported financial results for the third quarter of 2023.

Key Points: 
  • The Bancorp, Inc. ("The Bancorp" or “we”) (NASDAQ: TBBK), a financial holding company, today reported financial results for the third quarter of 2023.
  • Net interest income increased 37% to $88.9 million for the quarter ended September 30, 2023, compared to $64.7 million for the quarter ended September 30, 2022.
  • Net interest margin amounted to 5.07% for the quarter ended September 30, 2023, compared to 3.69% for the quarter ended September 30, 2022, and 4.83% for the quarter ended June 30, 2023.
  • Direct lease financing balances increased 12% year over year to $670.2 million at September 30, 2023, and 2% quarter over linked quarter.

SOUTHERN CALIFORNIA BANCORP REPORTS NET INCOME OF $6.6 MILLION FOR THE THIRD QUARTER

Retrieved on: 
Thursday, October 26, 2023
Insurance, Sale, FDIC, Policy, BCAL, Bank, Paycheck Protection Program, Tax, Federal Home Loan Banks, Insured Cash Sweep, History, Face, ICS, Federal Reserve Bank of St. Louis, Exercise, Private banking, Environment, Small business, Tangibility, FHLB, CECL, Borrowing base, Federal, Fed, SBA, ALL, Rare-earth element, Security (finance), Coal, Life insurance, Cryptocurrency, Video game

Southern California Bancorp reported net income of $6.6 million for the third quarter of 2023, or $0.35 per diluted share, compared to net income of $6.9 million, or $0.38 per diluted share in the third quarter of 2022, and net income of $6.7 million, or $0.36 per diluted share in the second quarter of 2023.

Key Points: 
  • Southern California Bancorp reported net income of $6.6 million for the third quarter of 2023, or $0.35 per diluted share, compared to net income of $6.9 million, or $0.38 per diluted share in the third quarter of 2022, and net income of $6.7 million, or $0.36 per diluted share in the second quarter of 2023.
  • “I am pleased to report that our strong year-to-date performance in 2023 includes net interest income of $71.6 million and net income of $21.5 million, up from $62.5 million and $7.6 million, respectively, in the corresponding year-to-date period in 2022,” said David Rainer, Chairman and CEO of Southern California Bancorp and Bank of Southern California.
  • Pre-tax, pre-provision income (non-GAAP) for the third quarter was $9.3 million, a decrease of $620 thousand or 6.3% from the prior quarter.
  • Net interest income for the third quarter of 2023 was $23.3 million, compared to $23.4 million in the prior quarter.

RBAZ Bancorp, Inc. Announces Unaudited Financial Results For the Quarter Ending September 30, 2023

Retrieved on: 
Wednesday, October 25, 2023
Bank, Paycheck Protection Program, Gilbert, Federal Reserve, Federal, Growth, Republic Bank, City, Marketing, Phoenix metropolitan area arterial roads, Total, Investment, Uncertainty, Cryptocurrency, Phoenix

President and CEO Brian Ruisinger stated “We are proud to report our strongest earnings quarter of 2023 reflecting a greater than 50% increase over the same quarter of the prior year.

Key Points: 
  • President and CEO Brian Ruisinger stated “We are proud to report our strongest earnings quarter of 2023 reflecting a greater than 50% increase over the same quarter of the prior year.
  • During the quarter, we saw robust net loan growth of over $10 million while continuing to maintain high asset quality.
  • Our Q3 performance has put us back on track for achieving our 2023 strategic objectives.
  • The Bank remains “Well Capitalized” under the Community Bank Leverage Ratio (CBLR) framework as follows:

CNB Financial Corporation Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 23, 2023
CCNE, Federal Reserve responses to the subprime crisis, Element, Sale, Policy, Corporation, Small business, Paycheck Protection Program, Explosive Ordnance Disposal Badge, ATM, Federal Reserve, Treasury, Absorption, GAAP, Ease, PPP, Private banking, At Ease, Federal, Environment, Growth, Risk management, Risk, FHLB, Borrowing base, Discount window, Fed, Classification, CNB, Investment, Stock dilution, Bank, Cryptocurrency, Rare-earth element, Security (finance)

CNB Financial Corporation ("CNB" or the "Corporation") (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and nine months ended September 30, 2023, and disclosed quarterly growth in total deposits, loans, and assets.

Key Points: 
  • CNB Financial Corporation ("CNB" or the "Corporation") (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three and nine months ended September 30, 2023, and disclosed quarterly growth in total deposits, loans, and assets.
  • At September 30, 2023, the Corporation had $117.6 million of cash equivalents held in CNB Bank's interest-bearing deposit account at the Federal Reserve.
  • At September 30, 2023, June 30, 2023 and September 30, 2022, the Corporation had no outstanding short-term borrowings from the FHLB.
  • The $1.3 million decrease in the provision expense for the third quarter of 2023 compared to the second quarter of 2023 was primarily a result of lower loan portfolio growth in the third quarter of 2023 compared to the second quarter of 2023.

United Bankshares, Inc. Announces Earnings for the Third Quarter and First Nine Months of 2023

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, United Bank (West Virginia), Insurance, Sale, FDIC, AFS, Paycheck Protection Program, Microsoft, ASU, PPP, Federal Reserve Board of Governors, Corus Bankshares, Growth, COVID-19, MSR, Common equity, CECL, Lender option borrower option, Investment, Video game, Bank, Real estate, Security (finance), United

Net interest income for the third quarter of 2023 increased $992 thousand, or less than 1%, from the second quarter of 2023.

Key Points: 
  • Net interest income for the third quarter of 2023 increased $992 thousand, or less than 1%, from the second quarter of 2023.
  • Noninterest income for the third quarter of 2023 decreased $1.5 million, or 4%, from the second quarter of 2023.
  • Noninterest expense for the third quarter of 2023 decreased $58 thousand, or less than 1%, from the second quarter of 2023.
  • United’s effective tax rate was 20.5% and 20.2% for the third quarter of 2023 and second quarter of 2023, respectively.