Common equity

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.

EQS-News: SREP capital requirements for Commerzbank determined for 2024 – distance to MDA threshold remains comfortable

Retrieved on: 
Thursday, December 14, 2023
Pillar, Central bank, MDA, ECB, SSM, AT1, European Central Bank, Commerzbank, Common equity, Single, Risk, Strategic planning, 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.
  • The resulting leverage ratio requirement of 3.1% is met by a leverage ratio of 4.9% as of September 2023.

EQS-News: Aareal maintains dynamic operating performance in the third quarter

Retrieved on: 
Thursday, December 14, 2023
Bank, Tax, Growth, Digital Solutions, NPL, Loss, IESA, EBA, NPE, PBSA, Aareal Bank, EBITDA, Housing, Investment, Policy, Common equity, Environment, Cryptocurrency, Arms industry

Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.

Key Points: 
  • Net interest income for the first nine months amounted to €710 million (9m 2022: €514 million), up 38 per cent.
  • Net commission income was up by 13 per cent compared to the previous year’s quarter, to €76 million (Q3 2022: €67 million), mainly due to ongoing revenue growth at Aareon.
  • Loss allowance for the third quarter amounted to €102 million (Q3 2022: €63 million), and continued to reflect loan defaults affecting the US office property market.
  • Aareon refinanced the facility provided by Aareal Bank (“Hunting Line”) in the third quarter through external long-term debt.

Bay Community Bancorp Earns $3.12 Million in Third Quarter 2023; Declares Quarterly Cash Dividend of $0.05 Per Share

Retrieved on: 
Tuesday, October 31, 2023
FDIC, Community development financial institution, Bank, SVP, Environmental protection, Share repurchase, Acquisition, United States Department of the Treasury, Community Development Financial Institutions Fund, Environment, Phase 10, Growth, Community Bank, NOW, Current Expected Credit Losses, Bay, CECL, Compact disc, Common equity, Federal, CDFI, BEA, San Francisco, ECIP, Failure, Holding company, Real estate, Video game, Rare-earth element, San Francisco Bay Area

The Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share.

Key Points: 
  • The Company’s Board of Directors declared a quarterly cash dividend of $0.05 per share.
  • This marks the eleventh consecutive cash dividend payment since the Company initiated quarterly cash dividends on April 30, 2021.
  • Earnings per common share was $0.36 in the third quarter of 2023, compared to $0.25 in the third quarter a year ago, and $0.21 in the preceding quarter.
  • Pre-tax, pre-provision, pre-CDFI grant income was $1.99 million in the third quarter of 2023, compared to $3.14 million in the year ago quarter, and $2.54 million in the second quarter of 2023.

Jefferson Security Bank Reports Earnings for the Third Quarter and First Nine Months of 2023

Retrieved on: 
Thursday, November 2, 2023
Banking, Professional Services, Finance, Sale, Bank, Family, Federal Reserve, Interest, Environment, Growth, Risk, FHLB, Common equity, Borrowing base, Security Bank, Federal, Cryptocurrency, Real estate, Rare-earth element, Insurance

Basic and diluted earnings per common share were $2.33 and $3.26 for the third quarter of 2023 and 2022, respectively.

Key Points: 
  • Basic and diluted earnings per common share were $2.33 and $3.26 for the third quarter of 2023 and 2022, respectively.
  • Basic and diluted earnings per common share were $8.46 and $9.15 for the nine months ended September 30, 2023 and 2022, respectively.
  • Net income for the third quarter of 2023 decreased $162 thousand, or 20.2%, from the second quarter of 2023.
  • Provision for credit losses increased $46 thousand during the third quarter 2023, when compared to a provision for credit losses of $29 thousand for the second quarter of 2023.

CBB Bancorp, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Friday, October 27, 2023
Small Business, Banking, Professional Services, Finance, CBB, Sale, Bank, Federal Home Loan Banks, CRE, MMDA, Environment, NOW, FHLB, Common equity, Investment, SBA, Video game, Cryptocurrency, Rare-earth element, DDA

The efficiency ratio for the third quarter 2023 was 52.23%, compared to 47.29% for the second quarter 2023 and 55.64% for the third quarter 2022.

Key Points: 
  • The efficiency ratio for the third quarter 2023 was 52.23%, compared to 47.29% for the second quarter 2023 and 55.64% for the third quarter 2022.
  • The net interest margin for the third quarter 2023 was 4.01%, compared to 4.23% for the second quarter 2023 and 4.28% for the third quarter 2022.
  • The cost of funds for the third quarter 2023 increased to 2.91% compared to 2.53% for second quarter 2023 and 0.63% for third quarter 2022.
  • Noninterest income in third quarter 2023 was $1.5 million compared to $2.8 million in second quarter 2023 and $1.2 million in third quarter 2022.

Mission Valley Bancorp Reports Third Quarter 2023 Results

Retrieved on: 
Monday, October 30, 2023
Asset, Sale, OTCQX, Community development financial institution, Equitable, Growth, SUN, Community development, Small Business Administration, Risk-weighted asset, Common equity, CDFI, Current Expected Credit Losses, SBA, ERP, Tier 1 capital, Gross loan, O'Hara, U.S. Treasury, Cryptocurrency, Video game, Rare-earth element, Bank

SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.

Key Points: 
  • SUN VALLEY, Calif., Oct. 30, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $4.6 million for the third quarter of 2023, or $1.40 per diluted share, compared to net income of $1.8 million, or $0.53 per diluted share, for the third quarter of 2022.
  • Net Interest Income was $6.3 million for the third quarter of 2023, an increase of $0.7 million, or 13.42%, compared to the third quarter of 2022.
  • Net Interest Margin was 4.54% for the third quarter of 2023 compared to 4.66% for the third quarter of 2022.
  • Loan Production of $23.1 million in the third quarter of 2023, compared to $71.0 million in the third quarter of 2022.

Financial Institutions, Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Fintech, Sale, Financial institution, FDIC, TCE, As a service, Pressure, Federal Reserve, Net, Upstate New York, Bank statement, Nature, Environment, Growth, Common, Risk management, Five Star Bank, Marketing, Income tax, Risk-weighted asset, Tier 1 capital, Common equity, Lender option borrower option, Computer, Overalls, Investment, Video game, Beauty salon, Bank, Security (finance), Commercial property, Life insurance, Renewable energy, Rare-earth element, Fine chemical

Net income was $14.0 million for the third quarter of 2023, compared to $14.4 million in the second quarter of 2023 and $13.9 million in the third quarter of 2022.

Key Points: 
  • Net income was $14.0 million for the third quarter of 2023, compared to $14.4 million in the second quarter of 2023 and $13.9 million in the third quarter of 2022.
  • Net interest income was $41.7 million for the third quarter of 2023, a decrease of $660 thousand from the second quarter of 2023 and a decrease of $1.4 million from the third quarter of 2022.
  • Noninterest expense was $34.7 million in the third quarter of 2023 compared to $33.8 million in the second quarter of 2023 and $32.8 million in the third quarter of 2022.
  • The effective tax rate was 14.8% for the third quarter of 2023, 14.4% for the second quarter of 2023, and 25.4% for the third quarter of 2022.

First Merchants Corporation Announces Third Quarter 2023 Earnings Per Share

Retrieved on: 
Thursday, October 26, 2023
ACL, Environment, Sale, Growth, Current Expected Credit Losses, First Merchants Corporation, Marketing, Webcast, Risk-weighted asset, Investment, Common equity, Video game, Public utility, Coal, Bank, Online shopping

Diluted earnings per common share for the period totaled $0.94 per share compared to the third quarter of 2022 result of $1.08 per share.

Key Points: 
  • Diluted earnings per common share for the period totaled $0.94 per share compared to the third quarter of 2022 result of $1.08 per share.
  • Noninterest income, totaling $27.8 million for the quarter, increased $1.5 million, or 5.8 percent, compared to the second quarter of 2023 but decreased $1.8 million from the third quarter of 2022.
  • Noninterest expense totaled $93.9 million for the quarter, an increase of $1.3 million from the second quarter of 2023.
  • First Merchants Corporation will conduct a third quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, October 26, 2023.

Amalgamated Financial Corp. Reports Third Quarter 2023 Financial Results; Stable Net Interest Margin at 3.29%, Deposit growth excluding Brokered CDs of $172.8 million

Retrieved on: 
Thursday, October 26, 2023
Earnings call, Sale, Eastern Time Zone, Amalgamation, PACE, Share repurchase, GAAP, Trust, First Franklin Financial Corp., Risk-weighted asset, Amalgamated Bank, Common equity, CECL, PACS, Total, AMAL, Security (finance), Uranium mining, Bank, Insurance, Pharmaceutical industry, Real estate, Video game

Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.

Key Points: 
  • Net interest income was $63.7 million and net interest margin was 3.29%, with each better than the guidance range provided in the second quarter.
  • Net interest income was $63.7 million for the third quarter of 2023, compared to $63.0 million for the second quarter of 2023.
  • Provision for credit losses totaled $2.0 million for the third quarter of 2023 compared to $3.9 million in the second quarter of 2023.
  • Additionally, deposits excluding Brokered CDs increased by $172.8 million, while Brokered CDs decreased $76.6 million.