HTM

Great Ajax Corp. Announces Results for the Quarter Ended December 31, 2023

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Asset Management, REIT, Acquisition, Operating cost, Investment, CECL, Sale, AFS, GAAP, AOCI, REO, HTM, Appendix, Bank

Our net interest income for the quarter ended December 31, 2023, excluding any adjustment for expected credit losses was $3.2 million, a decrease of $0.1 million over the prior quarter.

Key Points: 
  • Our net interest income for the quarter ended December 31, 2023, excluding any adjustment for expected credit losses was $3.2 million, a decrease of $0.1 million over the prior quarter.
  • Our interest expense for the quarter ended December 31, 2023 decreased $0.4 million compared to the prior quarter primarily as a result of a decrease in our average balance of interest bearing debt.
  • For the quarter ended December 31, 2023, we recorded $0.8 million in amortization compared to $0.9 million for the quarter ended September 30, 2023.
  • We ended the quarter with a GAAP book value of $9.99 per common share, compared to a book value per common share of $11.07 for the quarter ended September 30, 2023.

Ordr Launches Ordr University

Retrieved on: 
Tuesday, March 5, 2024
IoMT, Education, Internet of things, Risk, Software as a service, OT, Organization, HTM, Security, Equipment manager, Risk management

SANTA CLARA, Calif., March 5, 2024 /PRNewswire/ -- Ordr, the leader in AI-powered asset intelligence, today announced availability of its new and improved technical product training program, Ordr University. Product training from Ordr University is available in two different ways: self-guided or instructor-led, enabling organizations and teams to select the approach that is best suited for their specific needs and circumstances. Ordr University is available to Ordr customers, resellers, distributors, and system integrators.

Key Points: 
  • SANTA CLARA, Calif., March 5, 2024 /PRNewswire/ -- Ordr , the leader in AI-powered asset intelligence, today announced availability of its new and improved technical product training program, Ordr University .
  • Ordr University is available to Ordr customers, resellers, distributors, and system integrators.
  • Ordr University helps equip organizations and their security teams with the product knowledge and best practices they need to successfully manage the expanded attack surface.
  • For more information on how Ordr University can help your organization, please visit https://ordr.net/ordr-university/ .

Ultra Intelligence & Communications demonstrates revolutionary enhancements in high-capacity tactical communications

Retrieved on: 
Monday, February 5, 2024
Intelligence, Family, Army, Government, Fire, SWAP, HTM, Atmosphere, C2, MIMO, Communication, Weather, MANET, SATCOM, ULV, Data-rate units, PLI, Communications satellite

Ultra I&C's GigaSat Ultralight VSAT ( ULV ), FA-100 , and FA-180 SATCOM terminals were quickly set up and disassembled, demonstrating ease of use and adaptability for various missions.

Key Points: 
  • Ultra I&C's GigaSat Ultralight VSAT ( ULV ), FA-100 , and FA-180 SATCOM terminals were quickly set up and disassembled, demonstrating ease of use and adaptability for various missions.
  • The modular designs of inter-terminal exchangeable components are built to withstand extreme weather and offer unmatched simultaneous dual-band transmit and receive waveguides.
  • "Ultra I&C is providing us that Swiss army knife to get after expeditionary advanced base operations.
  • The family of Orion high-capacity tactical radios enables the warfighter to receive and relay immense amounts of data, including full-motion video, to ensure a complete common operational picture during multi-domain operations.

Red River Bancshares, Inc. Reports Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Tuesday, January 30, 2024
EPS, American Banker, Small business, Growth, Veterans Memorial Boulevard, HFI, FHLB, Community, FOMC, FTE, Environment, AFS, SBIC, HTM, CRA, Small Business Administration, Federal Reserve, Share repurchase, Federal, Total, Sale, Bank, Federal Open Market Committee, Federal Home Loan Banks, Pleasure, CFA, Movement

ALEXANDRIA, La., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2023.

Key Points: 
  • ALEXANDRIA, La., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its financial results for the fourth quarter and year ended 2023.
  • Net income for the fourth quarter of 2023 was $8.3 million, which was $271,000, or 3.4%, higher than the prior quarter.
  • Net interest income for the fourth quarter of 2023 was $21.3 million compared to $20.7 million for the prior quarter.
  • Provision expense was $250,000 for the fourth quarter of 2023 compared to $185,000 for the third quarter of 2023.

The effect of new housing supply in structural models: a forecasting performance evaluation

Retrieved on: 
Sunday, February 4, 2024
BET, Section 2, Model, XT, CIT, LTV, Forecasting, Total, Bank, RT, Elasticity, GDP, Website, University of Chicago Press, Process control block, Fiscal, Reproduction, University, WTP, Johns Hopkins University Press, E32, Faculty, Writing, KMR, Monetary economics, Household, Root mean square, YT, GFC, Language, VAR, A6, Motivation, Growth, PLT, Hartman–Grobman theorem, Research, House, Observation, Friction, Section 4, Classification, Macroeconomic model, BAA, AP, Kálmán, Odyssean Wicca, Parameter, Blue chip, A5, HPT, Mark Gertler, Learning, Smets, Inflation, ECB, Q2, Trade, CE, Hit, SPF, Review of Economic Dynamics, ZBW, Kolasa, LTM, R21, Patient, Prior, Shock, Movement, ZT, Australasian, M1, Lens, Great, Nobuhiro, European Central Bank, Estimator, Policy, LTI, COVID-19, Attention, HP, Feedback, Goethe University Frankfurt, International Journal of Forecasting, Federal Reserve, Federal Reserve Bank, Behavior, Health, Blue Chip Economic Indicators, Inverse, Zero lower bound, The Blue, Journal of Applied Econometrics, Economic forecasting, Matrix, Economy, Federal, R31, LTP, Chinese Blackjack, WTI, CES, Sim, Bit, Section 5, Capital market, Quantitative Economics, Credit, Motion, Central bank, Journal of Political Economy, Political economy, Taylor & Francis, Journal of Monetary Economics, Act, Binning, CPT, DPT, Point, MCMC, RealTime, Literature, Metropolis–Hastings algorithm, ZLB, TFP, Research Papers in Economics, Del Negro, GBT, Communication, Kalman filter, Markov, Cycle, Business cycle, Eurozone, DFF, PDF, Filter, Medical classification, American Economic Journal, Demand shock, Comparison, Employment, KTEH, Cobb–Douglas production function, Nonprofit organization, Sampler, PTW, Par, Liquidity trap, Paper, Nominal interest rate, QT, Exercise, Monetary policy, RTD, Interest rate, A7, University of Cambridge, Control, Statistics, Posterior, Pressure, American Economic Review, E37, Financial intermediary, Social science, Basel II, Delphic, Depreciation, European Economic Review, HPD, Ai, Calendar, E17, Government, Journal of Econometrics, HTM, Freedom, LTE, Probability, Face, Calibration, Oxford University Press, New Keynesian economics, Sun, HH, Me, Uncertainty, FPI, Production, Dynamics, Handbook, Real estate
Key Points: 

    First Farmers and Merchants Corporation Reports 2023 Results

    Retrieved on: 
    Monday, January 29, 2024
    Banking, Professional Services, Finance, Digital technology, OTC Markets Group, FDIC, Insurance, FHLB, Federal, History, FleetBoston Financial, Environment, Sale, Investment, First, HTM, Farmer, Growth, Bank

    First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the fourth quarter and year ended December 31, 2023.

    Key Points: 
    • First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced unaudited financial results for the fourth quarter and year ended December 31, 2023.
    • “First Farmers reported record loans in 2023 with total loans surpassing $1 billion,” stated Brian K. Williams, Chairman and Chief Executive Officer of First Farmers.
    • Despite the adverse banking environment, we maintained our focus on managing First Farmers for the long-term and significantly increased the number of shares repurchased during 2023.
    • In response to improving capital levels as of year-end 2023, First Farmers’ Board of Directors reauthorized the stock repurchase program of up to 200,000 shares through December 2024.

    FirstSun Capital Bancorp Reports Fourth Quarter and Full Year 2023 Results

    Retrieved on: 
    Friday, January 26, 2024
    Banking, Professional Services, Finance, Financial instrument, Table, C&I, ASU, FHLB, FTE, Ratio, Treasury, Environment, Sale, GAAP, HTM, Growth

    FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $24.0 million for the fourth quarter of 2023 compared to net income of $24.6 million for the fourth quarter of 2022.

    Key Points: 
    • FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $24.0 million for the fourth quarter of 2023 compared to net income of $24.6 million for the fourth quarter of 2022.
    • Earnings per diluted share were $0.94 for the fourth quarter of 2023 compared to $0.96 for the fourth quarter of 2022.
    • The return on average total assets was 1.26% in the fourth quarter of 2023, compared to 1.34% in the prior quarter, and the return on average stockholders’ equity was 11.19% in the fourth quarter of 2023, compared to 12.03% in the prior quarter.
    • Average loans, including loans held-for-sale, increased by $99.7 million in the fourth quarter of 2023, compared to the prior quarter.

    CSB Bancorp, Inc. Reports Fourth Quarter Earnings

    Retrieved on: 
    Tuesday, January 23, 2024
    Banking, Other Professional Services, Professional Services, Finance, OTC Markets Group, FDIC, Federal Reserve, AFS, ROA, CSB, Trust, ASU, ROE, Federal, FTE, Environment, Sale, Software, Investment, HTM, Fed, Federal Reserve Bank, Marketing, Video game

    Loan yields for fourth quarter 2023 averaged 5.64%, an increase of 82 basis points from the 2022 fourth quarter average of 4.82%, while overnight funds and securities yields for fourth quarter 2023 averaged 5.54% and 2.20%, respectively, compared to 3.74% and 2.07% in the fourth quarter 2022.

    Key Points: 
    • Loan yields for fourth quarter 2023 averaged 5.64%, an increase of 82 basis points from the 2022 fourth quarter average of 4.82%, while overnight funds and securities yields for fourth quarter 2023 averaged 5.54% and 2.20%, respectively, compared to 3.74% and 2.07% in the fourth quarter 2022.
    • Interest expense rose $2.0 million, or 172%, during fourth quarter 2023 as compared to fourth quarter 2022.
    • The cost to fund gross earning assets for the fourth quarter 2023 was 1.12% as compared to 0.41% for the fourth quarter of 2022.
    • Federal income tax expense was $912 thousand in the 2023 fourth quarter compared to $921 thousand in the 2022 fourth quarter.

    Red River Bancshares, Inc. Reports Third Quarter 2023 Financial Results

    Retrieved on: 
    Monday, October 30, 2023
    Sale, AFS, Bank, Federal Home Loan Banks, HTM, SBIC, Federal Reserve, Federal Open Market Committee, Maintenance, History of Federal Open Market Committee actions, FOMC, FTE, Federal, Environment, EPS, Small business, FHLB, Borrowing base, HFI, Small Business Administration, BP, Total, Movement, CRA, Rare-earth element, Cryptocurrency, Credit, Life insurance, Security (finance)

    ALEXANDRIA, La., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the third quarter of 2023.

    Key Points: 
    • ALEXANDRIA, La., Oct. 30, 2023 (GLOBE NEWSWIRE) -- Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the third quarter of 2023.
    • Net interest income was $20.7 million for the third quarter of 2023 compared to $21.5 million for the prior quarter.
    • Net interest margin FTE was 2.78% for the third quarter of 2023 compared to 2.96% for the prior quarter.
    • Provision expense was $185,000 for the third quarter of 2023 compared to $300,000 for the second quarter of 2023.

    Great Ajax Corp. Announces Results for the Quarter Ended September 30, 2023; Provides Strategic Update

    Retrieved on: 
    Thursday, November 2, 2023
    Professional Services, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Sale, AFS, Operating cost, NPL, HTM, AAA, Gaia, GAAP, Acquisition, Investment, UPB, AOCI, REO, Appendix, RPL, CECL, Time from NPL (MSF), Bank, Life insurance, Cryptocurrency

    We consider Operating loss/income to provide a useful measure for comparing the results of our ongoing operations over multiple quarters.

    Key Points: 
    • We consider Operating loss/income to provide a useful measure for comparing the results of our ongoing operations over multiple quarters.
    • Our net interest income for the quarter ended September 30, 2023, excluding any adjustment for expected credit losses was $3.0 million, a decrease of $0.3 million over the prior quarter.
    • We recorded $0.2 million in impairment on our REO held-for-sale portfolio in other expense for the quarter ended September 30, 2023.
    • These loans were acquired and included on our consolidated balance sheet for a weighted average of 56 days of the quarter.