Clifton Bancorp, Inc.

Territorial Bancorp Inc. Announces Third Quarter 2023 Results

Retrieved on: 
Friday, October 27, 2023
Insurance, Sale, FRB, FDIC, Federal Deposit Insurance Corporation, Bank, Federal Home Loan Banks, Wildfire, Clifton Bancorp, Inc., Share repurchase, Maintenance, Interest, Federal Reserve Bank of St. Louis, Federal Reserve Bank, Environment, ESOP, FHLB, Compact disc, CECL, Investment, Cryptocurrency, Holding company

The Board of Directors approved a quarterly cash dividend of $0.05 per share, representing Territorial Bancorp Inc.’s 56th consecutive quarterly dividend.

Key Points: 
  • The Board of Directors approved a quarterly cash dividend of $0.05 per share, representing Territorial Bancorp Inc.’s 56th consecutive quarterly dividend.
  • HONOLULU, Hawaii, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced net income of $880,000, or $0.10 per diluted share, for the three months ended September 30, 2023.
  • The dividend is expected to be paid on November 24, 2023, to stockholders of record as of November 9, 2023.
  • Total interest income was $17.38 million for the three months ended September 30, 2023, compared to $16.15 million for the three months ended September 30, 2022.

Territorial Bancorp Inc. Declares Dividend

Retrieved on: 
Friday, October 27, 2023
Environment, Clifton Bancorp, Inc., Holding company, Bank

HONOLULU, Hawaii, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.05 per share.

Key Points: 
  • HONOLULU, Hawaii, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the “Company”), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announces that its Board of Directors approved a quarterly cash dividend of $0.05 per share.
  • The dividend is expected to be paid on November 24, 2023 to stockholders of record as of November 9, 2023.
  • These developments have led to lower loan volumes and higher interest costs, which have impacted our net interest margins.
  • We are being diligent in controlling our expenses as we work through this current interest rate environment.

IF Bancorp, Inc. Announces Results for First Quarter of Fiscal Year 2024 (Unaudited)

Retrieved on: 
Monday, October 30, 2023
Banking, Professional Services, Finance, Sale, PSLRA, Security (finance), Clifton Bancorp, Inc., COVID-19, Annual report, ESOP, External commercial borrowing, Depreciation, Cryptocurrency

Interest expense increased to $4.7 million for the three months ended September 30, 2023, from $828,000 for the three months ended September 30, 2022.

Key Points: 
  • Interest expense increased to $4.7 million for the three months ended September 30, 2023, from $828,000 for the three months ended September 30, 2022.
  • Total assets at September 30, 2023 were $870.7 million compared to $849.0 million at June 30, 2023.
  • Cash and cash equivalents increased to $13.6 million at September 30, 2023, from $11.0 million at June 30, 2023.
  • Total borrowings, including repurchase agreements, increased to $106.5 million at September 30, 2023 from $30.3 million at June 30, 2023.

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.

The Bancorp Unveils New Office Space in Downtown Sioux Falls

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, Clifton Bancorp, Inc., Bank, Public sector banks in India, Comptroller, Bank holding company, ACH, Growth, OCC, Quadriga Fintech Solutions, Mastercard, Management, Visa

(“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK), will hold a ribbon cutting ceremony on Thursday, October 26, 2023, in downtown Sioux Falls to celebrate the inauguration of its new office space.

Key Points: 
  • (“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK), will hold a ribbon cutting ceremony on Thursday, October 26, 2023, in downtown Sioux Falls to celebrate the inauguration of its new office space.
  • “We are proud to have The Bancorp Building as our new home in Sioux Falls.
  • As we look to the future, the new office space downtown will serve as a Fintech hub to provide our partners with best-in-class service and innovative banking solutions.”
    The Bancorp Bank, N.A.
  • The Bank’s office space can accommodate up to 250 employees which will sustain its growing employee base in Sioux Falls.

The Bancorp Pledges $1 Million Donation Toward Watershed Conservation

Retrieved on: 
Tuesday, October 17, 2023
Environment, Finance, Fintech, Environmental Health, Banking, Professional Services, Sustainability, Philanthropy, Other Philanthropy, Other Professional Services, Health, Clifton Bancorp, Inc., Delaware River, Water quality, New York Botanical Garden, Organization, Biodiversity, Mispillion River, Ecosystem, Education, The Bronx, Christina River, Friends, Volunteering, Bank, Research, Water, Forestry, Bank holding company

(“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK) recently committed to donating a total of $1 million to be distributed between three distinguished watershed conservation organizations over the next three years.

Key Points: 
  • (“Bank”), a wholly-owned subsidiary of The Bancorp, Inc. (“Company”) (NASDAQ: TBBK) recently committed to donating a total of $1 million to be distributed between three distinguished watershed conservation organizations over the next three years.
  • “At The Bancorp, we recognize the importance of preserving our watersheds and contributing to our communities,” said Damian Kozlowski, The Bancorp President and Chief Executive Officer.
  • Driven by three main pillars, education, conservation, and advocacy, the Delaware Nature Society concentrates its watershed preservation and restoration on tributaries of the Delaware River.
  • These partnerships provide our employees with avenues for hands-on volunteerism and education.”
    To learn more about The Bancorp, please visit www.thebancorp.com .

The Bancorp, Inc. Sets Third Quarter 2023 Financial Results Release Date and Conference Call

Retrieved on: 
Friday, October 13, 2023
Fintech, Professional Services, Finance, Bank holding company, Webcast, Clifton Bancorp, Inc., Cryptocurrency, Broadcasting

The Bancorp, Inc. (“Bancorp”) (Nasdaq: TBBK) today announced that it will release its third quarter 2023 financial results after market hours on Thursday, October 26, 2023, and invites investors and other interested parties to listen to its earnings results conference call on Friday, October 27, 2023, at 8:00 a.m. Eastern time.

Key Points: 
  • The Bancorp, Inc. (“Bancorp”) (Nasdaq: TBBK) today announced that it will release its third quarter 2023 financial results after market hours on Thursday, October 26, 2023, and invites investors and other interested parties to listen to its earnings results conference call on Friday, October 27, 2023, at 8:00 a.m. Eastern time.
  • All interested parties can access the live conference call webcast by visiting The Bancorp site at www.thebancorp.com and clicking on the webcast link located on the home page or by dialing 1.888.259.6580, conference code 63043391.
  • For those who are not available to listen to the live broadcast, the replay will be available following the live call via webcast on Bancorp’s website and telephonically until Friday, November 3, 2023 by dialing 1.877.674.7070, access code 043391#.

CNB COMMUNITY BANCORP, INC. REPORTS THIRD QUARTER 2023 RESULTS

Retrieved on: 
Friday, October 13, 2023
OTCQX, CNB, ROE, Chase County National Bank, EPS, Total, Clifton Bancorp, Inc., ROA, Growth, Uncertainty, The Company, CNBB, Cryptocurrency, Video game

HILLSDALE, Mich., Oct. 13, 2023 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three and nine months ended September 30, 2023.

Key Points: 
  • HILLSDALE, Mich., Oct. 13, 2023 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three and nine months ended September 30, 2023.
  • Basic earnings per share for CNB Community Bancorp, Inc. (the "Company") decreased to $1.23 during the three months ended September 30, 2023, down $0.61 from $1.84 during the third quarter of 2022.
  • Net interest income in the third quarter of 2023 decreased $521,000 to $10.2 million compared to the third quarter of 2022.
  • Pre-tax, pre-provision income decreased $1.9 million to $3.3 million in the third quarter of 2023, compared to $5.2 million in the third quarter of 2022.

Amerant Bancorp Inc. Announces Date Correction on Third Quarter 2023 Conference Call

Retrieved on: 
Friday, September 29, 2023
CORAL, Clifton Bancorp, Inc., NYSE, Rare-earth element

CORAL GABLES, Fla., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NYSE: AMTB) (the “Company”), issues a correction of the press release that was sent out at 4:00PM ET on September 29, 2023.

Key Points: 
  • CORAL GABLES, Fla., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NYSE: AMTB) (the “Company”), issues a correction of the press release that was sent out at 4:00PM ET on September 29, 2023.
  • The correction refers to the fact that the date of the conference call should have been Friday, October 20, 2023.
  • The complete corrected press release:
    Amerant Bancorp Inc. (NYSE: AMTB) (the “Company”), today announced it will release third quarter 2023 earnings results on Thursday, October 19, 2023 after the market closes.
  • Once released, investors may access Amerant’s earnings results at https://investor.amerantbank.com by choosing “Financial Results” under the “Financials Info” heading.

FIRST RESOURCE BANCORP, INC. Announces Retirement of CEO, Glenn Marshall; President & CFO, Lauren Ranalli Named Successor

Retrieved on: 
Thursday, September 21, 2023
Marshall, Clifton Bancorp, Inc., Face, Flagstar Bank, Retirement, Happiness, OTCQX, CFO, Growth, Weather, Bank, Bank holding company, Shoe, Management

Marshall will remain on the Bancorp and Bank's Board of Directors as Vice Chair immediately following his departure as CEO.

Key Points: 
  • Marshall will remain on the Bancorp and Bank's Board of Directors as Vice Chair immediately following his departure as CEO.
  • Over the years, Marshall has not only helped shape the banking landscape but has also mentored countless professionals within the organization.
  • The retirement of Marshall marks a significant transition for First Resource Bancorp and First Resource Bank, as Lauren Ranalli, 49, current President and Chief Financial Officer, continues to lead the organization into a new era of growth and success.
  • "Glenn's vision, leadership, and dedication have been the cornerstone of our success," commented Ranalli, incoming CEO and First Resource Bank Co-Founder.