Common equity

CBB Bancorp, Inc. Reports Fourth Quarter 2023 Financial Results

Retrieved on: 
Friday, January 26, 2024
Small Business, Banking, Professional Services, Finance, The Company, Bank, CBB, FHLB, MMDA, Risk-weighted asset, Environment, Sale, Tax, Investment, Federal Home Loan Banks, Common equity, SBA, Video game

The return on average assets for the fourth quarter 2023 was 1.54% compared to 1.46% for the third quarter 2023 and 1.64% for the fourth quarter 2022.

Key Points: 
  • The return on average assets for the fourth quarter 2023 was 1.54% compared to 1.46% for the third quarter 2023 and 1.64% for the fourth quarter 2022.
  • The net interest margin for the fourth quarter 2023 was 3.86%, compared to 4.01% for the third quarter 2023 and 4.59% for the fourth quarter 2022.
  • The efficiency ratio for the fourth quarter 2023 was 49.45%, compared to 52.23% for the third quarter 2023 and 51.41% for the fourth quarter 2022.
  • The net interest margin for the fourth quarter 2023 was 3.86%, compared to 4.01% for the third quarter 2023 and 4.59% for the fourth quarter 2022.

Bankwell Financial Group Reports Operating Results for the Fourth Quarter and Full Year 2023; Declares First Quarter Dividend

Retrieved on: 
Wednesday, January 24, 2024
Finance, Banking, Professional Services, Other Professional Services, Asset Management, CECL, Bankwell, ACL, Federal, Federal Reserve, Balance sheet, Sale, GAAP, Net interest margin, Common equity, Book value, Fourth

Noninterest expense to average assets was 1.56% for the quarter ended December 31, 2023 and 1.55% for the year ended December 31, 2023.

Key Points: 
  • Noninterest expense to average assets was 1.56% for the quarter ended December 31, 2023 and 1.55% for the year ended December 31, 2023.
  • Return on average assets was 1.03% for the quarter ended December 31, 2023 and 1.13% for the year ended December 31, 2023.
  • The net interest margin was 2.81% for the quarter ended December 31, 2023 and 2.98% for the year ended December 31, 2023.
  • Net income for the quarter ended December 31, 2023 was $8.5 million, versus $8.0 million for the quarter ended December 31, 2022.

The First Bancorp Reports Results for 2023

Retrieved on: 
Wednesday, January 24, 2024
Banking, Professional Services, Finance, PTPP, FDIC, ASC, CECL, Total, Bank, Insurance, Federal, Efficiency ratio, Federal Reserve, Environment, Sale, FNLC, Investment, Common equity, First Bancorp, First National Bank, Cryptocurrency

The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2023.

Key Points: 
  • The First Bancorp (Nasdaq: FNLC), parent company of First National Bank, today announced operating results for the year ended December 31, 2023.
  • The Company also announced operating results for the three months ended December 31, 2023.
  • “The First Bancorp ended 2023 with annual earnings of $29.5 million," commented Tony C. McKim, the Company’s President and Chief Executive Officer.
  • Mr. McKim continued, "Results for the fourth quarter of 2023 were on trend with the year as a whole.

Policy options to address window dressing in the G-SIB framework

Retrieved on: 
Wednesday, January 3, 2024
Financial Stability Board, Failure, Bank, Motivation, GFC, Risk, Federal Deposit Insurance Corporation, G-SIB, Section 2, Sale, Common equity, Board of directors, Literature, Comptroller, BIS, Bank statement, Efficiency, Insurance, Knowledge, BCBS, Jaʽfar, Press release, Bank for International Settlements, Board, Face, Time, Finance, Comment, Risk management, OTC, Journal, Canadian International Council, Currency, EBU, Exercise, ECB, Federal Reserve, Cryptocurrency

This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).

Key Points: 
  • This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).
  • Window dressing and seasonality of data distort the outcome of a point-in-time reporting framework, resulting in misleading bank disclosures, mismeasurement of bank risk, inappropriate capital requirements and misallocation of capital.

SREP capital requirements for Commerzbank determined for 2024 – distance to MDA threshold remains comfortable

Retrieved on: 
Thursday, December 28, 2023
Pillar, Risk, Central bank, MDA, Common equity, Strategic planning, SSM, AT1, Commerzbank, European Central Bank, Single, ECB, Bank

In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.

Key Points: 
  • In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.
  • The SREP decision replaces the previous SREP decision with effect from 1 January 2024.
  • As of 30 September 2023, the pro forma CET1 requirement for Commerzbank on group level amounts to 10.27% of risk weighted assets (MDA threshold) when applying the new SREP decision.
  • With a CET1 ratio of 14.6% as of September 2023, we are well above the MDA threshold.

Commerzbank lays foundation for further strategic plan with strong 9M net profit – targeting RoTE of more than 11% in 2027

Retrieved on: 
Wednesday, December 27, 2023
AT1, Private, TLA, Bank, European Central Bank, MBank, Environment, Commerzbank, PSBC, FX, Face, Risk, Central bank, Economic development, Annual, Yellow-fin, Common equity, German Finance Agency, MDA, Rote, Growth, Wealth management, Investment, Capital market, NPE

The Bank has almost achieved the key targets of its “Strategy 2024” and has laid a strong foundation for the targeted higher pay-out.

Key Points: 
  • The Bank has almost achieved the key targets of its “Strategy 2024” and has laid a strong foundation for the targeted higher pay-out.
  • By 2027, the revenue base is to be further expanded through consistent customer orientation and profitability is to be continuously increased.
  • The Bank’s financial steering will continue to be based on the cost-income ratio, which is planned to improve to around 55% by 2027.
  • For 2022 to 2024, the plan is still to distribute a total of €3 billion to shareholders through dividends and share buy-backs.

Grupo Supervielle Reports 3Q23 Results

Retrieved on: 
Monday, November 27, 2023
Professional Services, Finance, Sale, Repurchase agreement, Futures contract, NPL, Asset, NYSE, Yoy, Net income, ROE, Income tax, Coverage, IOL, NIM, Quarter, Central Bank of Myanmar, Central bank, Common equity, NPS, BYMA, AUM, News, Rare-earth element, Cryptocurrency, Bank, Music, Jules Supervielle, Net

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and nine-months period ended September 30, 2023.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and nine-months period ended September 30, 2023.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.
  • Commenting on third quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We are pleased to report another quarter with improved profitability and ROAE reaching 18.5% in real terms.
  • On an accumulated basis, we delivered solid results, with ROE in real terms improving to 13% from negative 5% in the year-ago period.

Leumi concludes Q3 2023 with an approximate NIS 1.8 billion ($463 million) profit

Retrieved on: 
Wednesday, November 29, 2023
Corporation, NPL, War, Bank, Organization, Bank statement, IDF, Uncertainty, Farmer, Rehabilitation, Share repurchase, Growth, Common equity, HQ, TEL, TASE, Holding company, Tutoring, Cryptocurrency, Bank Leumi, Lod

Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.

Key Points: 
  • Net income in the first nine months of 2023 amounted to NIS 5.2 billion ($1.36 billion), compared to NIS 5.38 billion ($1.41 billion) in the corresponding period last year.
  • Housing loans as at September 30, 2023 totaled NIS 129.6 billion ($33.9 billion), compared to NIS 120.9 billion ($31.6 billion) as at December 31, 2022 - a 7.2% increase.
  • Middle-market credit as at September 30, 2023 totaled NIS 64.4 billion ($16.8 billion), compared to NIS 60.8 billion ($15.9 billion) as at December 31, 2022 - a 5.9% increase.
  • Deposits by small businesses as at September 30, 2023 totaled NIS 53.2 billion ($13.9 billion), compared to NIS 55.4 billion ($14.5 billion) as at December 31, 2022 - a 4.0% decrease.

Commerzbank Aktiengesellschaft: ECB determines SREP P2R capital requirement for Commerzbank for 2024

Retrieved on: 
Thursday, December 14, 2023
Pillar, AT1, European Central Bank, Common equity, MDA, Commerzbank, Risk management, Central bank, Security (finance), Bank

In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.

Key Points: 
  • In the annual Supervisory Review and Evaluation Process (SREP) the European Central Bank has determined the bank-specific capital requirements for the Commerzbank Group in 2024.
  • The additional own funds requirement for Pillar 2 (P2R) slightly increases by 25 bp to 2.25% of total capital, of which at least 1.27% must be covered with Common Equity Tier 1 (CET1) capital.
  • The SREP decision replaces the previous SREP decision with effect from 1 January 2024.
  • As of 30 September 2023, the pro forma CET1 requirement for Commerzbank Group amounts to 10.27% of risk weighted assets (MDA threshold) when applying the new SREP decision.

EQS-News: Commerzbank lays foundation for further strategic plan with strong 9M net profit – targeting RoTE of more than 11% in 2027

Retrieved on: 
Thursday, December 14, 2023
Yellow-fin, Risk, Private, AT1, German Finance Agency, European Central Bank, Face, Annual, NPE, PSBC, Common equity, Wealth management, MBank, Environment, Commerzbank, FX, MDA, Growth, Economic development, Bank, Capital market, CET, Rote, Central bank, TLA, Investment, Security (finance), Cryptocurrency, Retail, Life insurance, Video game, Q3

The Bank has almost achieved the key targets of its “Strategy 2024” and has laid a strong foundation for the targeted higher pay-out.

Key Points: 
  • The Bank has almost achieved the key targets of its “Strategy 2024” and has laid a strong foundation for the targeted higher pay-out.
  • By 2027, the revenue base is to be further expanded through consistent customer orientation and profitability is to be continuously increased.
  • The Bank’s financial steering will continue to be based on the cost-income ratio, which is planned to improve to around 55% by 2027.
  • For 2022 to 2024, the plan is still to distribute a total of €3 billion to shareholders through dividends and share buy-backs.