ROE

BambooHR Expands Canadian Payroll Offering with New Marketplace Integrations

Retrieved on: 
Thursday, November 2, 2023
Culture, Rest, T4, ROE, Canadian Payroll Association, BambooHR, API, Health insurance, Health care

LINDON, Utah, Nov. 2, 2023 /PRNewswire/ -- BambooHR®, the leading cloud-based human resource platform where everything works together, today announced its customers have two new partners in the BambooHR Marketplace that provide integrations for Canadian payroll: Payroll Harmony and WorkLinks.

Key Points: 
  • LINDON, Utah, Nov. 2, 2023 /PRNewswire/ -- BambooHR ® , the leading cloud-based human resource platform where everything works together, today announced its customers have two new partners in the BambooHR Marketplace that provide integrations for Canadian payroll: Payroll Harmony and WorkLinks.
  • The BambooHR Marketplace includes 125 applications that integrate with BambooHR and gives partners the opportunity to leverage the BambooHR open API to build connectors and integrations.
  • Through this dynamic integration, you can now connect BambooHR to Canadian payroll, Canadian time-tracking, and other apps specifically designed for Canadian customers.
  • WorkLinks is an intuitive, web-based full service payroll application hosted in the cloud, offering a complete end-to-end payroll solution for Canadian businesses of any size.

SHiFT Vehicle Retirement Initiative™ to Help Auto Recyclers Boost Environmental Protections by Recycling End-of-Life Cars and Trucks

Retrieved on: 
Monday, October 30, 2023
Shift, ELV, Glass, Carbon, ROE, Environment, Table tennis rubber, Partnership, ICE, Recycling, Automotive industry

MIDDLETOWN, R.I., Oct. 30, 2023 /PRNewswire-PRWeb/ -- The internal combustion engine is a mainstay of both the automotive and the recycling industries. As automotive manufacturers progress towards electrification, more people are looking for ways to retire their ICE vehicles with the assurance of knowing they will be reducing their carbon footprint. Enter the SHiFT Vehicle Retirement Initiative, an End-of-Life Vehicle (ELV) program that provides significant incentives for Certified Automotive Recyclers to remove or re-use as many original equipment parts from ELV vehicles as possible.

Key Points: 
  • MIDDLETOWN, R.I., Oct. 30, 2023 /PRNewswire-PRWeb/ -- The internal combustion engine is a mainstay of both the automotive and the recycling industries.
  • Enter the SHiFT Vehicle Retirement Initiative , an End-of-Life Vehicle (ELV) program that provides significant incentives for Certified Automotive Recyclers to remove or re-use as many original equipment parts from ELV vehicles as possible.
  • Most importantly, by opting into this program, consumers and automotive recyclers are choosing to support the best environmental outcome possible for an end-of-life ICE vehicle.
  • SHiFT will shine a light on the myriad ways recyclers are committed to reducing carbon emissions."

Fortis Inc. Releases Third Quarter 2023 Results

Retrieved on: 
Friday, October 27, 2023
TEP, Government, Gold, BCUC, AUC, Government of Canada, FortisBC, Coal, Saunders-Roe Princess, MISO, Fortis, ITC, Carbon, Arizona Corporation Commission, ROE, GAAP, Midcontinent Independent System Operator, Investment, Other Electricities, Ministry of Energy (Alberta), PAR, Growth, Common, National Capital Planning Commission, Inflation Reduction Act of 2022, PBR, Income tax, Silver, Non-U.S. operators of the M60 Patton, Corporation, Electricity, Economic development, GHG, Lake Erie, Inflation, Acceleration, Renewable energy, Airline, Bank, Reinsurance

ST. JOHN'S, Newfoundland and Labrador, Oct. 27, 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 third quarter results1.

Key Points: 
  • In August 2023, FortisBC Energy commenced construction of the Eagle Mountain Woodfibre Gas Line project.
  • In October 2023, TEP announced the Roadrunner Reserve project, the largest battery energy storage system in TEP's portfolio.
  • The ROE for 2024 is expected to be determined in the fourth quarter of 2023, with updates annually thereafter.
  • Fortis presents these non-U.S. GAAP measures because management and external stakeholders use them in evaluating the Corporation's financial performance and prospects.

Avista receives approval of all-party, all-issues settlement in Oregon general rate case

Retrieved on: 
Friday, October 27, 2023
Public utilities commission, OPUC, Commission, ROE, ROR, NYSE, Natural gas, Public utility

SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.

Key Points: 
  • SPOKANE, Wash., Oct. 27, 2023 (GLOBE NEWSWIRE) -- Avista (NYSE:AVA) received approval from the Public Utility Commission of Oregon (OPUC or Commission) of the settlement agreement that was filed on August 3, 2023, concluding the Company’s natural gas general rate case.
  • The approved rates are designed to increase annual natural gas revenues by $7.16 million or 4.7%, effective Jan. 1, 2024.
  • The settlement capital structure includes a 9.5% return on equity (ROE) with a common equity ratio of 50% and a rate of return (ROR) on rate base of 7.235%.
  • “The Commission’s decision provides new natural gas rates in Oregon that are reasonable for our customers, the Company and our shareholders,” said Dennis Vermillion, Avista president and CEO.

The Hartford Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Professional Services, Insurance, Finance, P&C, Life, Mortality, ROE, Cat, CAY, CAT, Growth, Investment, Stock dilution, PYD, Hartford, Connecticut, Holding company, Life insurance, Video game, AOCI

Third quarter 2023 core earnings of $708 million, or $2.29 per diluted share, compared with $472 million of core earnings in third quarter 2022.

Key Points: 
  • Third quarter 2023 core earnings of $708 million, or $2.29 per diluted share, compared with $472 million of core earnings in third quarter 2022.
  • P&C current accident year (CAY) catastrophe (CAT) losses of $184 million, before tax, in third quarter 2023, compared with CAY CAT losses of $293 million in third quarter 2022.
  • Underlying loss and loss adjustment expense ratio* improved 0.9 points, to 56.6 in third quarter 2023 from 57.5 in third quarter 2022, primarily driven by lower net non-CAT property losses.
  • Core earnings ROE for the 12-month period ending Sept. 30, 2023, was 14.9%, an increase of 0.6 points from third quarter 2022 due to higher trailing 12-month core earnings.

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.

Trisura Announces Timing of Third Quarter 2023 Results Release and Earnings Conference Call, and Provides an Update on Third Quarter Results and the US Run-Off Program

Retrieved on: 
Thursday, October 26, 2023
Conference call, Conference, ROE, TSX

TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, announces details regarding timing of third quarter 2023 results release and earnings conference call, and provides an update on third quarter results and the US run-off program.

Key Points: 
  • TORONTO, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading specialty insurance provider, announces details regarding timing of third quarter 2023 results release and earnings conference call, and provides an update on third quarter results and the US run-off program.
  • Trisura will release its third quarter 2023 results after the market closes on Thursday, November 2nd, 2023.
  • The company will host a conference call for analysts and investors on Friday, November 3rd, 2023 at 9:00 a.m.
  • In Q3 2023, we estimate operating earnings per share of $0.64-$0.68 driven by profitable underwriting and enhanced investment income.

Federal Home Loan Bank of Atlanta Announces Third Quarter 2023 Operating Highlights

Retrieved on: 
Thursday, October 26, 2023
Asset-backed security, Security (finance), Bank, Housing, Federal Home Loan Banks, SOFR, Securities and Exchange Commission (Nigeria), AHP, Economic development, Investment, Cryptocurrency, ROE

ATLANTA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended September 30, 2023.

Key Points: 
  • ATLANTA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) today released preliminary unaudited financial highlights for the quarter ended September 30, 2023.
  • Average daily SOFR during the third quarter of 2023 was 5.24 percent compared to 2.15 percent for the same period in 2022.
  • Average advance balances were $108.5 billion for the third quarter of 2023, compared to $83.4 billion for the same period in 2022.
  • For the first nine months of 2023, the Bank originated a total of $390.4 billion of advances, thereby providing significant liquidity to its members.

Valley National Bancorp Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
Asset, Credit, ROA, Sale, Disposable household and per capita income, FDIC, VLY, Valley Bank, NPAS, Environment, Growth, NOW, FHLB, Lender option borrower option, Current Expected Credit Losses, Table, Collection, Tutoring, Real estate, Bank, ROE

NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.

Key Points: 
  • NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.
  • For the third quarter 2023, the provision for credit losses for loans totaled $9.1 million as compared to $6.3 million and $1.8 million for the second quarter 2023 and third quarter 2022, respectively.
  • Credit Quality: Net loan charge-offs totaled $5.5 million for the third quarter 2023 as compared to $8.6 million for the second quarter 2023 and net recoveries of loan charge-offs of $5.6 million for the third quarter 2022.
  • Efficiency Ratio: Our efficiency ratio was 56.72 percent for the third quarter 2023 as compared to 55.59 percent and 49.76 percent for the second quarter 2023 and third quarter 2022, respectively.

CSB Bancorp, Inc. Reports Third Quarter Earnings

Retrieved on: 
Tuesday, October 24, 2023
Banking, Other Professional Services, Professional Services, Finance, ROA, Sale, FDIC, AFS, OTC Markets Group, HTM, Federal Reserve, Acquisition, ASU, Federal Reserve Bank of St. Louis, Software, Federal Reserve Bank, Federal, FTE, Trust, Environment, Disaster, Unemployment, CSB, Marketing, Life insurance, Cryptocurrency, Bank, Video game, ROE

Loan interest income including fees increased $2.5 million, or 37%, during third quarter 2023 as compared to the same quarter in 2022.

Key Points: 
  • Loan interest income including fees increased $2.5 million, or 37%, during third quarter 2023 as compared to the same quarter in 2022.
  • Securities interest income increased $122 thousand, or 6%, during the third quarter 2023 compared to the same quarter 2022 from rate increases.
  • Interest expense rose $2.3 million, or 383%, during third quarter 2023 as compared to third quarter 2022.
  • Federal income tax expense was $850 thousand in the 2023 third quarter compared to $890 thousand in the 2022 third quarter.