Personal income in the United States

Fortis Inc. Reports Fourth Quarter & Annual 2022 Results

Retrieved on: 
Friday, February 10, 2023
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ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2022 fourth quarter and annual financial results1.

Key Points: 
  • ST. JOHN'S, Newfoundland and Labrador, Feb. 10, 2023 (GLOBE NEWSWIRE) -- Fortis Inc. ("Fortis" or the "Corporation") (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its 2022 fourth quarter and annual financial results1.
  • "We appreciate the dedication and hard work of our people to make 2022 another successful year."
  • For the fourth quarter of 2022, Net Earnings were $370 million, or $0.77 per common share, compared to $328 million or $0.69 per common share for the same period in 2021.
  • The increase in adjusted earnings for the fourth quarter and the year was driven by the same factors discussed for Net Earnings.

Golden Matrix Reports Fiscal 2022 Financial Results With Record Revenues of $36 Million

Retrieved on: 
Monday, January 30, 2023
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Full year revenues of $36 million, an increase of 219% on revenues of $11.3 million in the comparable 12-month period ended October 31, 2021.

Key Points: 
  • Full year revenues of $36 million, an increase of 219% on revenues of $11.3 million in the comparable 12-month period ended October 31, 2021.
  • Cash and cash equivalents of $14.9 million and total assets of $32.5 million as of October 31, 2022.
  • Total liabilities as of October 31, 2022 of $2,774,932, comprised of $2,715,154 in current liabilities and $59,778 in non-current liabilities.
  • Revenue contributions in fiscal 2022 from GMGI’s B2B and B2C segments were $14.8 million and $21.2 million, respectively.

Valley National Bancorp Reports Fourth Quarter Earnings, Increased Net Interest Income and 15 Percent Annualized Loan Growth

Retrieved on: 
Thursday, January 26, 2023
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Net Interest Income and Margin: Net interest income on a tax equivalent basis of $467.2 million for the fourth quarter 2022 increased $11.9 million and $151.2 million as compared to the third quarter 2022 and fourth quarter 2021, respectively, reflecting a well-positioned balance sheet and continued organic loan growth in the current rising interest rate environment.

Key Points: 
  • Net Interest Income and Margin: Net interest income on a tax equivalent basis of $467.2 million for the fourth quarter 2022 increased $11.9 million and $151.2 million as compared to the third quarter 2022 and fourth quarter 2021, respectively, reflecting a well-positioned balance sheet and continued organic loan growth in the current rising interest rate environment.
  • Credit Quality: Net loan charge-offs totaled $22.4 million for the fourth quarter 2022, largely due to the partial charge-off of a single non-performing loan, as compared to net recoveries of loan charge-offs of $5.6 million and $624 thousand for the third quarter 2022 and fourth quarter 2021, respectively.
  • The swap fees presented in other income totaled $7.3 million and $10.7 million for the fourth quarter 2022 and third quarter 2022, respectively.
  • Interest income on a tax equivalent basis increased $109.9 million to $648.0 million for the fourth quarter 2022 as compared to the third quarter 2022.

Hanover Bancorp, Inc. Reports Earnings for the Fourth Calendar Quarter, Strong Net Loan Growth and Declares $0.10 Quarterly Cash Dividend

Retrieved on: 
Wednesday, January 25, 2023
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MINEOLA, N.Y., Jan. 25, 2023 (GLOBE NEWSWIRE) -- Hanover Bancorp, Inc. (“Hanover” or “the Company” – NASDAQ: HNVR), the holding company for Hanover Community Bank (“the Bank”), today reported significant performance achievements for the quarter ended December 31, 2022 highlighted by strong loan growth in addition to record levels of assets, loans and tangible book value per share. Further, the Company’s Board of Directors approved the payment of a $0.10 per share cash dividend on both common and Series A preferred shares payable on February 14, 2023 to stockholders of record on February 7, 2023.

Key Points: 
  • Net Interest Income: Net interest income was $15.3 million for the quarter ended December 31, 2022, a decrease of $1.2 million, or 7.1% versus the prior linked quarter.
  • Strong Lending Activity: On a linked quarter basis, the Company exhibited another quarter of strong net loan growth of $123.3 million, a 30.4% increase on an annualized basis.
  • The Bank’s net interest margin was 3.49% during the fourth calendar quarter of 2022 versus 4.39% in the comparable 2021 quarter and 4.04% in the linked 2022 quarter.
  • The Bank’s operating efficiency ratio was 49.6% in the fourth calendar quarter of 2022 versus 46.8% a year ago.

Preferred Bank Reports Record Quarterly Earnings Again

Retrieved on: 
Wednesday, January 18, 2023
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Preferred Bank (“the Bank”) reported net income of $39.6 million or $2.71 per diluted share for the fourth quarter of 2022.

Key Points: 
  • Preferred Bank (“the Bank”) reported net income of $39.6 million or $2.71 per diluted share for the fourth quarter of 2022.
  • This represents an increase in net income of $33.6 million or 35.3% and an increase in diluted earnings per share of 35.7%.
  • Li Yu, Chairman and CEO, commented, “I am pleased to report another record quarter of earnings.
  • The Bank’s net interest margin was 4.75% for the fourth quarter, up from 4.37% recorded in the previous quarter.

OneAmerica® Names David Weisenburger as Next Chief Investment Officer

Retrieved on: 
Thursday, December 22, 2022
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INDIANAPOLIS, Dec. 22, 2022 /PRNewswire/ -- OneAmerica® today announced that David Weisenburger will succeed Chief Investment Officer John Mason upon his retirement at the end of May 2023. Mason has served OneAmerica for 36 years, the last 11 as chief investment officer.

Key Points: 
  • INDIANAPOLIS, Dec. 22, 2022 /PRNewswire/ -- OneAmerica® today announced that David Weisenburger will succeed Chief Investment Officer John Mason upon his retirement at the end of May 2023.
  • Mason has served OneAmerica for 36 years, the last 11 as chief investment officer.
  • "Dave has spent his career preparing for this role, and I am excited that this transition allows the passing of the baton of our chief investment officer from one highly capable leader to another," said Andrew Michie, chief financial officer for OneAmerica.
  • Mason will continue to serve as CIO until his retirement in May, with he and Weisenburger working collaboratively through the transition period as deputy chief investment officer.

Atea Pharmaceuticals Reports Third Quarter 2022 Financial Results and Provides Business Update

Retrieved on: 
Monday, November 7, 2022
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BOSTON, Nov. 07, 2022 (GLOBE NEWSWIRE) -- Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (“Atea”), a clinical-stage biopharmaceutical company, today reported financial results for the third quarter ended September 30, 2022 and provided a business update.   

Key Points: 
  • This year, we have made substantial progress advancing our three clinical candidates, which will make 2023 a pivotal year.
  • Furthermore, monoclonal antibodies are largely ineffective against the newer COVID-19 variants leaving many without treatment options.
  • Studies conducted by Atea have shown in vitro synergy from the combination of bemnifosbuvir and RZR in inhibiting HCV replication.
  • Cash, Cash Equivalents and Marketable Securities: $665.0 million at September 30, 2022 compared to $764.4 million at December 31, 2021.

Doman Building Materials Group Ltd. Announces Third Quarter 2022 Financial Results

Retrieved on: 
Thursday, November 3, 2022
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VANCOUVER, British Columbia, Nov. 03, 2022 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM; DBM.NT.A) announced today its third quarter 2022 financial results(1) for the period ended September 30, 2022.

Key Points: 
  • These factors include but are not limited to those set out in the Companys annual information form dated March 31, 2022, and other public filings.
  • Our Q3 2022 Financial Statements filings are reported under International Financial Reporting Standards (IFRS).
  • (4) On September 15, 2022, Doman declared a quarterly dividend of $0.14 per share, which was paid on October 14, 2022 to shareholders of record on September 30, 2022.
  • Please refer to our Q3 2022 MD&A and Financial Statements for more information.

SpartanNash Announces Preliminary Third Quarter Fiscal 2022 Results and Raises Fiscal 2022 Guidance Ahead of Investor Day

Retrieved on: 
Wednesday, November 2, 2022
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Additionally, the Company provided preliminary results for the 12-week third quarter ended Oct. 8, 2022, and increased fiscal 2022 guidance.

Key Points: 
  • Additionally, the Company provided preliminary results for the 12-week third quarter ended Oct. 8, 2022, and increased fiscal 2022 guidance.
  • The Company's preliminary results were driven by several factors, including:
    Retail comparable store sales are expected to be up approximately 8% for the quarter.
  • The Company is also updating certain elements of its fiscal 2022 guidance.
  • The Company will announce its full third quarter results before the stock market opens on Wednesday, Nov. 9, 2022.

OFG Bancorp Reports 3Q22 Results

Retrieved on: 
Thursday, October 20, 2022
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OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2022.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2022.
  • The regular quarterly cash dividend was increased to $0.20 per common share in 3Q22 from $0.15 in 2Q22 and $0.12 in 3Q21.
  • A conference call to discuss 3Q22 results, outlook and related matters will be held today at 10:00 AM ET.
  • Now in its 58th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations.