Time from NPL (MSF)

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

Retrieved on: 
Thursday, November 2, 2023

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.

KBRA Releases Global ABS 2023 Conference: Day 2 Recap

Retrieved on: 
Thursday, June 15, 2023

KBRA Europe (KBRA) releases a Day 2 recap of the 27th annual Global ABS conference.

Key Points: 
  • KBRA Europe (KBRA) releases a Day 2 recap of the 27th annual Global ABS conference.
  • Panels featured a range of topics including broad market outlook and review of performance, as well as discussions on various markets such as ESG, CLOs, solar ABS, SRT, auto ABS, consumer ABS, NPLs, RMBS, and more.
  • There were also a number of discussions on broader topics similar to Day 1, such as innovation in the market, regulation and ESG and sustainability, including the popular Researchers’ Roundtable series.
  • Click here to view a quick recap of the day’s panel discussions.

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

Retrieved on: 
Thursday, May 4, 2023

Our net interest income for the quarter ended March 31, 2023 excluding any adjustment for expected credit losses was $3.5 million, a decrease of $0.4 million over the prior quarter.

Key Points: 
  • Our net interest income for the quarter ended March 31, 2023 excluding any adjustment for expected credit losses was $3.5 million, a decrease of $0.4 million over the prior quarter.
  • Our interest expense for the quarter ended March 31, 2023 increased $0.4 million compared to the prior quarter primarily as a result of rate increases on our floating rate repurchase financing.
  • Interest earning assets declined $54.0 million during the quarter ended March 31, 2023.
  • We recorded $0.1 million in impairment on our REO held-for-sale portfolio in other expense for the quarter ended March 31, 2023.

Farmers National Banc Corp. Announces Earnings for First Quarter of 2023

Retrieved on: 
Wednesday, April 26, 2023

Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022.

Key Points: 
  • Diluted earnings per share were $0.19 for the first quarter of 2023 compared to $0.47 for the first quarter of 2022.
  • Net interest income totaled $36.6 million in the first quarter of 2023 compared to $31.2 million for the first quarter of 2022.
  • Excluding these two items in 2022, noninterest expense increased $8.3 million in the first quarter of 2023 compared to the first quarter of 2022.
  • Merger related costs were $4.3 million in the first quarter of 2023 compared to $1.9 million in the first quarter of 2022.

EQS-News: Aareal Bank posts a 54 per cent increase in consolidated operating profit for 2022

Retrieved on: 
Thursday, March 2, 2023

In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.

Key Points: 
  • In February 2022, Aareal Bank Group announced its target for 2024 consolidated operating profit of up to €350 million.
  • Aareal Bank increased its net interest income by 18 per cent to €702 million in the financial year under review (2021: €597 million).
  • Aareal Bank Iowered its cost/income ratio (CIR) in the banking business to 40 per cent for the full year (2021: 50 per cent).
  • At the same time, the Bank reduced its NPL ratio from 5.2 per cent (year-end 2021) to 3.6 per cent as at 31 December 2022.

DGAP-News: Aareal Bank reports good second-quarter results, despite challenging market environment

Retrieved on: 
Wednesday, August 10, 2022

Aareal Bank reports good second-quarter results, despite challenging market environment

Key Points: 
  • Aareal Bank reports good second-quarter results, despite challenging market environment
    The issuer is solely responsible for the content of this announcement.
  • Wiesbaden, 10 August 2022 Aareal Bank Group achieved good results for the second quarter of 2022, despite a challenging market environment.
  • Jochen Klsges, Chief Executive Officer, explained: Despite high volatility and macro-economic turbulences, we have posted good results for the second quarter.
  • Moreover, Aareal Bank has further diversified its funding mix, for example by concluding a cooperation with Raisin and Deutsche Bank to gain efficient market access to deposits from private clients.

Brace Announces New KPIs for Measuring Mortgage Servicer Impact

Retrieved on: 
Wednesday, June 22, 2022

Brace, the mortgage servicing infrastructure fintech, shares insights on the power of harnessing the most effective targets in the new, digital age of mortgage.

Key Points: 
  • Brace, the mortgage servicing infrastructure fintech, shares insights on the power of harnessing the most effective targets in the new, digital age of mortgage.
  • Current mortgage servicing Key Performance Indicators (KPIs) tend to spotlight call center metrics, as found in Braces quarterly Mortgage Servicing Pulse.
  • When mortgage servicing systems aren't designed with this in mind there are consequences that ultimately drive-up costs, said Robert Brueckmann, Vice President of Engineering at Brace.
  • Brace evolves mortgage servicing through a connected infrastructure for every stakeholderconsumers, servicers, lenders, and investorsto intuitively maximize assets and unlock the financial performance for every home.

KBRA Europe Releases Day 2 Recap of the Global ABS 2022 Conference

Retrieved on: 
Thursday, June 16, 2022

KBRA Europe (KBRA) releases a Day 2 recap of the IMN Global ABS 2022 conference.

Key Points: 
  • KBRA Europe (KBRA) releases a Day 2 recap of the IMN Global ABS 2022 conference.
  • Day 2 featured panels across a range of topics including the current state of various ABS markets, from NPLs to RMBS to Solar ABS, as well as a discussion on public versus private markets.
  • The day opened with a securitisation retrospective from several key market participants, including Steve Gandy and Richard Hopkin, two industry veterans who recently retired.
  • Click here to view a quick recap of some of todays panel topics.

Grupo Supervielle Reports 4Q21 Results

Retrieved on: 
Wednesday, March 2, 2022

Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three- and twelve-month periods ended December 31, 2021.

Key Points: 
  • Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three- and twelve-month periods ended December 31, 2021.
  • Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (IAS 29) as established by the Central Bank.
  • This report also includes Managerial figures which exclude the IAS29 adjustment for 4Q21, 3Q21, 2Q21, 1Q21 and 4Q20
    Commenting on fourth quarter 2021 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted:
    During 2021 we made significant strides across the Company toward achieving our strategic goals.
  • Loan loss provisions, net, which includes reversed provisions, amounted to AR$1.3 billion in 4Q21 compared to AR$1.3 billion in 3Q21, flat QoQ.

Collectius strengthens position as debt management fintech leader in Asia with 100% increase in AUM and over 50% growth in portfolio, revenue and customer volume

Retrieved on: 
Friday, January 14, 2022

In emerging Asia, household debt as a share of GDP has risen from 45% in 2008 to over 60% in 2020.

Key Points: 
  • In emerging Asia, household debt as a share of GDP has risen from 45% in 2008 to over 60% in 2020.
  • This includes the Philippines where Collectius is among the first companies to be recognised as a FIST Corporation by the government.
  • Collectius will be adding chat and voice bots, along with speech analytics capabilities, to further deliver the best customer experience in debt management.
  • Collectius' real-time data analytics continues to cement its position as industry leader, which has also allowed them to simulate customers' loan and debt repayment patterns.