LTV A-7P Corsair II

First Foundation Files Investor Presentation for 2023 Annual Meeting

Retrieved on: 
Monday, June 12, 2023
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First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission (“SEC”) in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023.

Key Points: 
  • First Foundation Inc. (NASDAQ: FFWM) (“First Foundation” or the “Company”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, today announced that it has filed an investor presentation with the U.S. Securities and Exchange Commission (“SEC”) in connection with its 2023 Annual Meeting of Stockholders, which is scheduled to be held on Tuesday, June 27, 2023.
  • During that time, First Foundation’s total stockholder return was 174% while the KBW Nasdaq Regional Banking Index rose just 58%.
  • First Foundation rapidly grew its assets while maintaining excellent credit quality, a difficult combination to achieve.
  • Only your latest dated proxy card will be counted at the 2023 Annual Meeting of Stockholders.

Velocity Commercial Capital Securitization Ratings Upgraded and Affirmed by Kroll Bond Rating Agency

Retrieved on: 
Wednesday, June 8, 2022
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Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leading provider of small balance investor loans, today announced that Kroll Bond Rating Agency (KBRA) has upgraded and affirmed the ratings on the 15 outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC (VCC).

Key Points: 
  • Velocity Financial, Inc. (NYSE: VEL) (Velocity or the Company), a leading provider of small balance investor loans, today announced that Kroll Bond Rating Agency (KBRA) has upgraded and affirmed the ratings on the 15 outstanding securitizations issued by its wholly-owned subsidiary, Velocity Commercial Capital, LLC (VCC).
  • The rating actions occurred in conjunction with the completion of KBRAs comprehensive surveillance review.
  • Cumulative loss levels in Velocitys outstanding securitizations ranged from 0.00% to 0.58%, with 9 of 15 VCC outstanding securitizations experiencing no losses since issuance.
  • Velocity originates loans nationwide across an extensive network of independent mortgage brokers it has built and refined over 18 years.

DGAP-News: Aareal Bank reports good operating performance in the first quarter of 2022 – additional loss allowance recognised for Russian exposure

Retrieved on: 
Wednesday, May 11, 2022
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Adjusted for this loss allowance, Aareal Bank would have achieved consolidated operating profit of around 90 million in the first quarter of the year, including the net reversal of loss allowance of 12 million.

Key Points: 
  • Adjusted for this loss allowance, Aareal Bank would have achieved consolidated operating profit of around 90 million in the first quarter of the year, including the net reversal of loss allowance of 12 million.
  • Chief Executive Officer Jochen Klsges explained: Despite the additional loss allowance for Russia, we can report a positive quarterly result thanks to a very strong earnings performance.
  • Aareal Bank has now recognised loss allowance of around 60 million, or approximately 30 per cent of the remaining Russian exposure.
  • Given the good operating performance in the first quarter, Aareal Bank currently maintains its guidance for 2022 consolidated operating profit of between 210 million and 250 million, despite loss allowance of around 60 million for the exposure to Russia.

DGAP-News: Aareal Bank posts marked increase in profits for the financial year 2021, setting itself new growth targets

Retrieved on: 
Thursday, February 24, 2022
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Aareal Bank posts marked increase in profits for the financial year 2021, setting itself new growth targets

Key Points: 
  • Aareal Bank posts marked increase in profits for the financial year 2021, setting itself new growth targets
    The issuer is solely responsible for the content of this announcement.
  • Over the medium term, the continued growth strategy is expected to raise consolidated operating profit above the level of approx.
  • Jochen Klsges, Chief Executive Officer, explained: "Aareal Bank Group holds an excellent position in all its markets.
  • Adjusted EBITDA is also likely to see a further increase to between 73 million and 78 million (2021: 67 million).

DGAP-News: Aareal Bank Group continues its positive development with a good third quarter

Retrieved on: 
Thursday, November 11, 2021
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Wiesbaden, 11 November 2021 - Aareal Bank Group has continued its growth path and increased its consolidated operating profit for the third quarter to 50 million.

Key Points: 
  • Wiesbaden, 11 November 2021 - Aareal Bank Group has continued its growth path and increased its consolidated operating profit for the third quarter to 50 million.
  • With regard to the further development of the pandemic during the current winter quarter, we will nonetheless remain vigilant."
  • Persistent demand for digital products such as Aareal Meter and Aareal Aval is increasingly contributing to the business segment's positive development.
  • Aareal Bank Group continues to anticipate a "swoosh"-shaped economic trend.

DBRS Morningstar: The Updated Law on Spanish Covered Bonds Well Aligned with the European Directive

Retrieved on: 
Tuesday, November 9, 2021
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The Spanish Government published the Royal Decree-law (the Law) that transposes the European Commissions Covered Bond Directive (the Directive), which outlines the harmonisation of covered bond (CB) frameworks across Europe, into Spanish law.

Key Points: 
  • The Spanish Government published the Royal Decree-law (the Law) that transposes the European Commissions Covered Bond Directive (the Directive), which outlines the harmonisation of covered bond (CB) frameworks across Europe, into Spanish law.
  • This commentary is based on DBRS Morningstar's first understanding of the updated rules, and summarises the most relevant changes.
  • The DBRS Morningstar group of companies are wholly-owned subsidiaries of Morningstar, Inc. 2021 DBRS Morningstar.
  • The information upon which DBRS Morningstar ratings and other types of credit opinions and reports are based is obtained by DBRS Morningstar from sources DBRS Morningstar believes to be reliable.

DGAP-News: Aareal Bank Group significantly increases earnings in the second quarter of 2021

Retrieved on: 
Thursday, August 12, 2021
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Wiesbaden, 12 August 2021 - Following the second quarter, Aareal Bank Group remains well on track to achieve its target consolidated operating profit for 2021.

Key Points: 
  • Wiesbaden, 12 August 2021 - Following the second quarter, Aareal Bank Group remains well on track to achieve its target consolidated operating profit for 2021.
  • The Group continues to expect consolidated operating profit for 2021 of between 100 and 175 million.
  • At 33 million, loss allowance during the second quarter remained significantly lower than in the same period of the previous year (Q2 2020: 48 million).
  • Net interest income amounted to 142 million in the second quarter of 2021, up significantly year-on-year (Q2 2020: 122 million).