Common equity

VISTA BANK CONTINUES ITS FLORIDA EXPANSION WITH THE ADDITION OF SIX SEASONED FLORIDA BANKING PROFESSIONALS

Retrieved on: 
Monday, August 14, 2023
Palm Beach Gardens, Florida, PALM, Senior, Private, Asian Private Banker, TD, BankUnited, Common equity, Toronto-Dominion Bank, Suite, Garden, BEACH, Private banking, Bank, Florida State Road 786, Portfolio management, Creative industries, Drug, Real estate, Vista Bank

PALM BEACH GARDENS, Fla., Aug. 14, 2023 /PRNewswire/ -- Vista Bank announced today that it had added six banking professionals to its Florida team. Joining Bank President Dan R. Sheehan are respected Florida bankers Michael Woody, Mandi Friedman, Steven Quinn, Melissa Norman, Cindy Rey, and Jill Garic. All six industry experts previously worked with Mr. Sheehan and are excited to reunite and lead Vista's expansion into the Florida market. 

Key Points: 
  • PALM BEACH GARDENS, Fla., Aug. 14, 2023 /PRNewswire/ -- Vista Bank announced today that it had added six banking professionals to its Florida team.
  • An integral part of our prior success, I know they will be invaluable as we expand Vista Bank across the Florida marketplace."
  • "And we look forward to supporting them as they provide South Florida entrepreneurs with Vista Bank's private banking concierge-level service."
  • Last month, Vista Bank announced the opening of its premier Florida banking center, the first location outside the state of Texas in its rich century-old history.

Bain Capital Credit Announces $1.3 Billion of Financing Investments for First Half 2023

Retrieved on: 
Tuesday, August 8, 2023
Asset Management, Professional Services, Finance, London Capital Credit Union, Common equity, EBITDA, Acquisition, Partner, Growth, LP, Financial services, Bank, Mortgage law

Bain Capital Credit, LP , a leading global credit specialist, today announced that the firm’s Private Credit Group invested $1.3 billion to support the growth of middle market and private equity-backed companies during the first half of 2023.

Key Points: 
  • Bain Capital Credit, LP , a leading global credit specialist, today announced that the firm’s Private Credit Group invested $1.3 billion to support the growth of middle market and private equity-backed companies during the first half of 2023.
  • Bain Capital Credit’s Private Credit Group invested in 30 businesses across 15 industries in the first half of 2023, supporting the refinancing, leveraged buyout, and add-on acquisition activity of both new and existing portfolio companies.
  • With a track record of investing in middle market private debt dating back 25 years, the Private Credit Group has invested over $20 billion across more than 475 portfolio companies since inception.
  • The Private Credit Group, which managed approximately $11 billion of capital as of March 31, 2023, has a dedicated global team that enables Bain Capital Credit to diligence the most complex situations and provide flexible private capital solutions to middle market businesses.

Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion

Retrieved on: 
Friday, August 4, 2023
NPE, German Finance Agency, European Central Bank, Air Commerz, Private, TLA, RWA, Common equity, European Court of Justice, Commerzbank, MBank, Central bank, Semiconductor Manufacturing International Corporation, Share repurchase, European Court, Risk, ECB, AT1, ECJ, PSBC, Growth, Bank, MDA, Rote, Cryptocurrency, Renewable energy, Real estate, Video game

Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.

Key Points: 
  • Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.
  • Operating expenses increased to €1.481 billion (Q2 2022: €1.423 billion) as a result of earlier increases of accruals for variable compensation and general salary increases.
  • Thanks to the positive stock market performance, the securities volume increased to €208 billion (Q1 2023: €202 billion).
  • Deposit volumes remained stable at €96 billion (Q1 2023: €95 billion), with increased interest rates gradually being passed on.

EQS-News: Commerzbank with strong first half of the year – net profit increased by almost 50% to €1.1 billion

Retrieved on: 
Friday, August 4, 2023
NPE, German Finance Agency, European Central Bank, Air Commerz, Private, TLA, RWA, Common equity, European Court of Justice, Commerzbank, MBank, Central bank, Semiconductor Manufacturing International Corporation, Share repurchase, European Court, Risk, ECB, AT1, ECJ, PSBC, Growth, Bank, MDA, Rote, Cryptocurrency, Renewable energy, Real estate, Video game

Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.

Key Points: 
  • Revenues increased by 8.7% to €2.629 billion in the second quarter (Q2 2022: €2.420 billion) despite the additional burdens from the Swiss franc mortgages at the Polish subsidiary mBank.
  • Operating expenses increased to €1.481 billion (Q2 2022: €1.423 billion) as a result of earlier increases of accruals for variable compensation and general salary increases.
  • Thanks to the positive stock market performance, the securities volume increased to €208 billion (Q1 2023: €202 billion).
  • Deposit volumes remained stable at €96 billion (Q1 2023: €95 billion), with increased interest rates gradually being passed on.

ECB publishes consolidated banking data for end-March 2023

Retrieved on: 
Friday, August 4, 2023
European banking union, European Central Bank, International, Communication, Common equity, Frankfurt, Data, Risk, International Financial Reporting Standards, ECB, Efficiency, Reproduction, Security printing, Financial services, Bank, Bookkeeping, Instrumentation, Cryptocurrency, Nightclub, EU

The quarterly data provide information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.

Key Points: 
  • The quarterly data provide information required to analyse the EU banking sector and comprise a subset of the information that is available in the year-end dataset.
  • The data cover 316 banking groups and 2369 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), accounting for nearly 100% of the EU banking sector’s balance sheet.
  • In addition to data as at end-March 2023, the published figures also include a few revisions to past data.
  • Notes
    - These consolidated banking data are available in the ECB Data Portal.

EQS-News: Strong first half of 2023: OLB continues its profitable growth path

Retrieved on: 
Wednesday, August 2, 2023
European Central Bank, IPO, Private, Face, Central bank, Tax, Common equity, Corporation, Nicolaes Tulp, Acquisition, Oldenburgische Landesbank, Growth, Degussa Bank, Bank, Environment, OLB, Drug, Security (finance)

Strong first half of 2023: OLB continues its profitable growth path

Key Points: 
  • Strong first half of 2023: OLB continues its profitable growth path
    The issuer is solely responsible for the content of this announcement.
  • Strong first half of 2023: OLB continues its profitable growth path
    Oldenburgische Landesbank AG (“OLB” or “Bank”) has had a successful first half of 2023.
  • We will keep driving our dynamic business growth and are looking forward to the upcoming integration of Degussa Bank.
  • Strong organic capital generation supports further business growth and offers shareholders attractive pay-out potential with a pay-out ratio of 50% or more.

Bay Community Bancorp Earns $1.85 Million in Second Quarter 2023; Declares Quarterly Cash Dividend of $0.05 Per Share

Retrieved on: 
Monday, July 31, 2023
FHLB, ECIP, Community Development Financial Institutions Fund, Current Expected Credit Losses, Common equity, FDIC, Federal, Compact disc, Treasury, Environmental protection, PPP, Department of the Treasury, CECL, Community development financial institution, SBA, Bay, Community Bank, Community development, United States Department of the Treasury, Bank, NOW, Environment, Book, Holding company, Real estate, Video game, Rare-earth element

This marks the tenth consecutive cash dividend payment since the Company initiated quarterly cash dividends on April 30, 2021.

Key Points: 
  • This marks the tenth consecutive cash dividend payment since the Company initiated quarterly cash dividends on April 30, 2021.
  • Earnings per common share was $0.21 in the second quarter of 2023, compared to $0.21 in the second quarter a year ago, and $0.22 in the preceding quarter.
  • Pre-tax, pre-provision, pre-CDFI grant income was $2.54 million in the second quarter of 2023, compared to $3.00 million in the year ago quarter, and $2.76 million in the first quarter of 2023.
  • Net interest margin was 3.19% in the second quarter, compared to 3.28% in the preceding quarter, and 3.63% in the second quarter a year ago.

Mission Valley Bancorp Reports Second Quarter 2023 Results

Retrieved on: 
Monday, July 31, 2023
Risk-weighted asset, Small Business Administration, Tier 1 capital, SUN, Common equity, Bank, Sale, Asset, CDFI, OTCQX, SBA, Cryptocurrency, Video game, Financial services

SUN VALLEY, Calif., July 31, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.3 million for the second quarter of 2023, or $0.38 per diluted share, compared to net income of $0.7 million, or $0.20 per diluted share, for the second quarter of 2022.

Key Points: 
  • SUN VALLEY, Calif., July 31, 2023 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.3 million for the second quarter of 2023, or $0.38 per diluted share, compared to net income of $0.7 million, or $0.20 per diluted share, for the second quarter of 2022.
  • Net Income was $1.3 million for the second quarter of 2023, an increase of $0.6 million, or 87.05%, compared to the second quarter of 2022.
  • Net Interest Income was $6.0 million for the second quarter of 2023, an increase of $1.4 million, or 29.74%, compared to the second quarter of 2022.
  • Net Interest Margin was 4.60% for the second quarter of 2023 compared to 3.90% for the second quarter of 2022.

EBA stress test proves Commerzbank’s high resilience

Retrieved on: 
Friday, July 28, 2023
Exercise, European Central Bank, European Banking Authority, EBA, Common equity, Central bank, Commerzbank, Gross domestic product, COVID-19, European, ECB, Environment, Management

In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.

Key Points: 
  • In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.
  • In the 2021 stress test, the CET1 ratio had fallen by 502 basis points to 8.2%.
  • This is now also evident in the EBA stress test.
  • The stress test is based on Commerzbank’s CET1 ratio of 14.1% at the end of the financial year on 31 December 2022.

EQS-News: EBA stress test proves Commerzbank’s high resilience

Retrieved on: 
Friday, July 28, 2023
Exercise, European Central Bank, European Banking Authority, EBA, Common equity, Central bank, Commerzbank, Gross domestic product, COVID-19, European, ECB, Environment, Management

In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.

Key Points: 
  • In the so-called adverse stress test scenario, which simulates a severe economic crisis, the Common Equity Tier 1 ratio (CET1 ratio) reaches 9.5% at the end of the stress test horizon in 2025.
  • In the 2021 stress test, the CET1 ratio had fallen by 502 basis points to 8.2%.
  • This is now also evident in the EBA stress test.
  • The stress test is based on Commerzbank’s CET1 ratio of 14.1% at the end of the financial year on 31 December 2022.