COLI

Evergy Announces 2023 Results, Declares Quarterly Dividend and Issues 2024 Guidance

Retrieved on: 
Thursday, February 29, 2024
Alternative Energy, Energy, Environment, Sustainability, Utilities, Weather, Investment, Form 10-K, Growth, Sale, COLI, JEC, Adelaide Street, Brisbane, GAAP, Webcast, Depreciation, Security (finance), KCC, O&M, EPS, Asset, EVRG, FERC, Bank

Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.

Key Points: 
  • Fourth quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $61.1 million and $0.27, respectively, compared to $68.6 million and $0.30, respectively, in fourth quarter 2022.
  • Adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) are reconciled to GAAP earnings in the financial table included in this release.
  • The Company issued its 2024 GAAP EPS guidance range of $3.73 to $3.93, along with its 2024 adjusted EPS (non-GAAP) guidance range of $3.73 to $3.93.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Jack in the Box Inc. Reports First Quarter 2024 Earnings

Retrieved on: 
Wednesday, February 21, 2024
Retail, Restaurant, Bar, Food, Beverage, GAAP, G&A, Del Taco, ID, Share repurchase, Earnings per share, COLI, Box, Bank

Operating Earnings Per Share(2), a non-GAAP measure, was $1.95 in the first quarter of fiscal 2024 compared with $2.01 in the prior year quarter.

Key Points: 
  • Operating Earnings Per Share(2), a non-GAAP measure, was $1.95 in the first quarter of fiscal 2024 compared with $2.01 in the prior year quarter.
  • Net earnings decreased to $38.7 million for the first quarter of fiscal 2024, compared with $53.3 million for the first quarter of fiscal 2023.
  • Adjusted EBITDA(3), a non-GAAP measure, was $101.8 million in the first quarter of fiscal 2024 compared with $108.6 million for the prior year quarter.
  • A replay of the call will be available through the Jack in the Box Inc. corporate website for 21 days.

Financial Institutions, Inc. Announces Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, January 25, 2024
Tier 1 capital, TCE, FDIC, Bank statement, Landmark Group, COLI, Financial institution, Annual report, Accounting, Bank, Computer, Federal Reserve, Environment, Sale, Tax, Investment, As a service, Common equity, Acquisition, Advertising, Risk management, Risk-weighted asset, Loss, Common, Five Star Bank, Marketing, Nature, Growth

Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022.

Key Points: 
  • Net income was $9.8 million in the fourth quarter of 2023, compared to $14.0 million in the third quarter of 2023 and $12.1 million in the fourth quarter of 2022.
  • Noninterest expense was $35.0 million in the fourth quarter of 2023 compared to $34.7 million in the third quarter of 2023 and $33.5 million in the fourth quarter of 2022.
  • Income tax expense was $5.2 million for the fourth quarter of 2023 compared to $2.4 million in the third quarter of 2023, and $2.4 million in the fourth quarter of 2022.
  • The effective tax rate was 34.5% for the fourth quarter of 2023, 14.8% for the third quarter of 2023, and 16.4% for the fourth quarter of 2022.

The BOLI Group Shapes Future with the Promotion of Garrett Blaha to President and Chief Operating Officer

Retrieved on: 
Tuesday, December 5, 2023
Finance, Consulting, Banking, Professional Services, Insurance, Business development, COLI, Northwestern Mutual, Multimedia, Series 6, FINRA, Growth, Dog, Management

The BOLI Group, one of the leading national benefits expense management firms for financial institutions with locations in Cleveland, OH, Nashville, TN, Milwaukee, WI, Brookings, SD, and Charleston, SC, is pleased to announce the promotion of Garrett Blaha to President and Chief Operating Officer.

Key Points: 
  • The BOLI Group, one of the leading national benefits expense management firms for financial institutions with locations in Cleveland, OH, Nashville, TN, Milwaukee, WI, Brookings, SD, and Charleston, SC, is pleased to announce the promotion of Garrett Blaha to President and Chief Operating Officer.
  • Garrett Blaha, currently Vice President Business Development of The BOLI Group, will assume his new role on January 1, 2024, succeeding George Blaha who will continue as the company’s Chief Executive Officer.
  • Garrett’s promotion comes as The BOLI Group sees robust demand from financial institutions nationwide for its customized single premium life insurance products.
  • View the full release here: https://www.businesswire.com/news/home/20231130730713/en/
    George Blaha, President and Chief Executive Officer of The BOLI Group, stated, “Garrett has played a pivotal role in the success and growth of The BOLI Group since joining the company in 2014.

Jack in the Box Inc. Reports Fourth Quarter and Full-Year 2023 Earnings

Retrieved on: 
Tuesday, November 21, 2023
Retail, Restaurant, Bar, Food, Beverage, EBITDA, ID, Share repurchase, Adverse Effect Wage Rate, GAAP, Box, COLI, Video game, Bank, Clothing

Adjusted EBITDA(5), was $68.4 million in the fourth quarter of fiscal 2023 compared with $81.9 million for the prior year quarter.

Key Points: 
  • Adjusted EBITDA(5), was $68.4 million in the fourth quarter of fiscal 2023 compared with $81.9 million for the prior year quarter.
  • Net earnings decreased to $21.9 million for the fourth quarter of 2023, compared with $45.9 million for the prior year fourth quarter.
  • Diluted earnings per share was $1.08 for the fourth quarter of 2023 as compared with $2.17 in the prior year fourth quarter.
  • Operating Earnings Per Share(4) was $1.09 in the fourth quarter compared with $1.33 in the prior year fourth quarter.

Evergy Announces Third Quarter 2023 Results

Retrieved on: 
Tuesday, November 7, 2023
Utilities, Energy, Adelaide Street, Brisbane, Sale, Security (finance), Weather, Kansas Corporation Commission, KCC, Cyprus Securities and Exchange Commission, GAAP, JEC, Growth, EPS, Webcast, FERC, Economic development, Depreciation, EVRG, Investment, COLI, Bank, Insurance, Cryptocurrency, Evergy

Evergy, Inc. (NASDAQ: EVRG) today announced third quarter 2023 GAAP earnings of $351.6 million, or $1.53 per share, compared to GAAP earnings of $428.2 million, or $1.86 per share, for third quarter 2022.

Key Points: 
  • Evergy, Inc. (NASDAQ: EVRG) today announced third quarter 2023 GAAP earnings of $351.6 million, or $1.53 per share, compared to GAAP earnings of $428.2 million, or $1.86 per share, for third quarter 2022.
  • Evergy’s third quarter 2023 adjusted earnings (non-GAAP) and adjusted earnings per share (non-GAAP) were $432.3 million and $1.88, respectively, compared to $460.8 million and $2.00 in 2022.
  • "We are narrowing our 2023 adjusted earnings per share guidance range to $3.55 to $3.65 from $3.55 to $3.75 and establishing a long-term growth target of 4% to 6% off the original 2023 midpoint of $3.65.
  • Adjusted earnings (non-GAAP) and adjusted EPS (non-GAAP) are used internally to measure performance against budget and in reports for management and the Evergy Board.

Jack in the Box Inc. Reports Third Quarter 2023 Earnings

Retrieved on: 
Wednesday, August 9, 2023
Retail, Restaurant, Bar, Food, Beverage, Advertising, FY, G&A, GAAP, Earnings per share, ID, Sale, Share repurchase, EBITDA, Acquisition, Box, Depreciation, EPS, Del Taco, Video game, Life insurance, COLI

Operating Earnings Per Share(3), a non-GAAP measure, was $1.45 in the third quarter of fiscal 2023 compared with $1.38 in the prior year quarter.

Key Points: 
  • Operating Earnings Per Share(3), a non-GAAP measure, was $1.45 in the third quarter of fiscal 2023 compared with $1.38 in the prior year quarter.
  • Net earnings increased to $29.2 million for the third quarter of fiscal 2023, compared with $22.9 million for the third quarter of fiscal 2022.
  • Adjusted EBITDA(4), a non-GAAP measure, was $79.4 million in the third quarter of fiscal 2023 compared with $73.2 million for the prior year quarter.
  • The effective tax rate for the third quarter of fiscal year 2023 was 32.6% compared to 28.8% in the third quarter of fiscal year 2022.

Risk Strategies Acquires IZALE Financial Group, LLC

Retrieved on: 
Tuesday, August 8, 2023
LSF, Risk Strategies, Risk management, COLI, Financial services, Financial adviser

BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced it has acquired IZALE Financial Group , LLC, an executive benefits and financial services advisory firm located in Elgin, Illinois.

Key Points: 
  • BOSTON, Aug. 08, 2023 (GLOBE NEWSWIRE) -- Risk Strategies , a leading national specialty insurance brokerage and risk management firm, today announced it has acquired IZALE Financial Group , LLC, an executive benefits and financial services advisory firm located in Elgin, Illinois.
  • Launched in 2010 by its founder and CEO, Scott Richardson, IZALE Financial Group provides insurance-based executive compensation solutions, asset protection strategies and wealth liquidity programs for banks, credit unions, businesses and families.
  • “Scott has created a firm of experts with deep knowledge of corporate, banking and credit union insurance, as well as experience serving high-net-worth individuals,” said John Greenbaum, Executive Vice President, Risk Strategies.
  • To learn more about Risk Strategies, please visit: www.risk-strategies.com .

James Calla Sr. Joins The Galbreath Group Leadership Team

Retrieved on: 
Monday, June 5, 2023
Treasury, Business development, ALCO, COLI, Community Reinvestment Act, Community, Work, Investment, CRA, SERPS, Management

ABINGTON, Pa., June 5, 2023 /PRNewswire/ -- The Galbreath Group, a leading provider of Bank- and Corporate-Owned Life Insurance (BOLI and COLI) and executive retention benefits, is pleased to announce that James Calla Sr. has joined the management team as Executive Managing Director, Business Development.

Key Points: 
  • ABINGTON, Pa., June 5, 2023 /PRNewswire/ -- The Galbreath Group, a leading provider of Bank- and Corporate-Owned Life Insurance (BOLI and COLI) and executive retention benefits, is pleased to announce that James Calla Sr. has joined the management team as Executive Managing Director, Business Development.
  • The Galbreath Group announces James Calla Sr. joined as Executive Managing Director, Business Development.
  • Jim comes to The Galbreath Group with 40 years of treasury, ALCO, and capital markets management and experience.
  • We could not be more excited to welcome Jim to our leadership team, and we are confident he will be a tremendous asset to our valued customers as we continue to grow and compete."

Jack in the Box Inc. Reports Second Quarter 2023 Earnings

Retrieved on: 
Wednesday, May 17, 2023
Retail, Communications, Technology, Restaurant, Bar, Food, Beverage, Public Relations, Investor Relations, Advertising, POS, G&A, GAAP, VFN, Earnings per share, ID, Sale, Share repurchase, EBITDA, Acquisition, Investment, Box, Depreciation, Growth, Del Taco, FLM, Life insurance, Bank, Pharmaceutical industry, Cryptocurrency, COLI

Operating Earnings Per Share (3), a non-GAAP measure, was $1.47 in the second quarter of fiscal 2023 compared with $1.16 in the prior year quarter.

Key Points: 
  • Operating Earnings Per Share (3), a non-GAAP measure, was $1.47 in the second quarter of fiscal 2023 compared with $1.16 in the prior year quarter.
  • Net earnings increased to $26.5 million for the second quarter of fiscal 2023, compared with $7.8 million for the second quarter of fiscal 2022.
  • Adjusted EBITDA(4), a non-GAAP measure, was $78.8 million in the second quarter of fiscal 2023 compared with $64.4 million for the prior year quarter.
  • The effective tax rate for the second quarter of fiscal year 2023 was 34.8% compared to 33.3% in fiscal year 2022.