Federal Deposit Insurance Corporation

Customers Bancorp, Inc. to host Fourth Quarter and Full-Year 2023 Earnings Webcast on Friday, January 26, 2024

Retrieved on: 
Friday, January 12, 2024

Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, January 26, 2024, to report its earnings results for the three months ending December 31, 2023 and full-year 2023.

Key Points: 
  • Customers Bancorp, Inc. (NYSE: CUBI), the parent company of Customers Bank (collectively, “Customers”), will host a webcast at 9:00 AM EST on Friday, January 26, 2024, to report its earnings results for the three months ending December 31, 2023 and full-year 2023.
  • The webcast will be conducted by Customers Bancorp Chair & CEO Jay Sidhu, Customers Bancorp President and Customers Bank President & CEO Sam Sidhu, Customers Bancorp Chief Financial Officer Carla Leibold, and Customers Bank Chief Financial Officer Philip Watkins.
  • The live audio webcast, presentation slides and earnings press release will be made available at the Customers Bank Investors webpage .
  • The fourth quarter and 2023 year-end earnings press release will be issued after the market closes on Thursday, January 25, 2024.

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Wednesday, January 10, 2024

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • An investment in a Fund involves risks similar to those of investing in any portfolio of equity securities traded on exchanges.
  • The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.
  • However, unlike mutual funds, shares may only be redeemed directly from a fund by authorized participants in very large creation/redemption units.

Policy options to address window dressing in the G-SIB framework

Retrieved on: 
Wednesday, January 3, 2024

This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).

Key Points: 
  • This article summarises the existing evidence of window dressing and seasonality of data at year-end reporting time for global systemically important banks (G-SIBs).
  • Window dressing and seasonality of data distort the outcome of a point-in-time reporting framework, resulting in misleading bank disclosures, mismeasurement of bank risk, inappropriate capital requirements and misallocation of capital.

Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend

Retrieved on: 
Tuesday, January 2, 2024

The common stock dividend is payable on January 23, 2024 to shareholders of record as of January 16, 2024.

Key Points: 
  • The common stock dividend is payable on January 23, 2024 to shareholders of record as of January 16, 2024.
  • Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-four quarters.
  • Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018.
  • Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence.

Bank OZK Announces Date for Fourth Quarter and Full Year 2023 Earnings Release and Conference Call

Retrieved on: 
Thursday, December 28, 2023

LITTLE ROCK, Ark., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) expects to report fourth quarter and full year 2023 earnings after the market closes on Thursday, January 18, 2024.

Key Points: 
  • LITTLE ROCK, Ark., Dec. 28, 2023 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) expects to report fourth quarter and full year 2023 earnings after the market closes on Thursday, January 18, 2024.
  • Management’s comments on the fourth quarter and full year 2023 will be released simultaneously with the earnings press release and will be available on the Bank’s investor relations website.
  • Management will conduct a conference call to take questions at 10:00 a.m. CT (11:00 a.m.
  • Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence.

Absecon Bancorp Announces Annual Cash Dividend of $3.00 Per Share

Retrieved on: 
Tuesday, November 28, 2023

ABSECON, N.J., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors authorized a cash dividend in the amount of $3.00 per share on November 22, 2023.

Key Points: 
  • ABSECON, N.J., Nov. 28, 2023 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors authorized a cash dividend in the amount of $3.00 per share on November 22, 2023.
  • The annual cash dividend of $3.00 per share is payable on January 20, 2024 to stockholders of record holding shares of common stock at the close of business on December 29, 2023.
  • The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, has a long history of serving the community since its establishment in 1916.
  • Deposits at The First National Bank of Absecon are insured up to the legally maximum amount by the Federal Deposit Insurance Corporation (FDIC).

First Trust Advisors L.P. Announces Distribution for First Trust Enhanced Short Maturity ETF

Retrieved on: 
Friday, December 22, 2023

First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

Key Points: 
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • Volatility is the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period.
  • Such exposures could cause the Fund's net asset value to experience significant increases or declines in value over short periods of time.

Santander Closes on Transaction with the FDIC to Service Signature Bank's Multifamily Real Estate Assets

Retrieved on: 
Wednesday, December 20, 2023

("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.

Key Points: 
  • ("Santander" or "the Bank") today announced that it has closed a transaction with the Federal Deposit Insurance Corporation (FDIC) to participate in a joint venture that consists of a $9 billion portfolio of New York based multifamily real estate assets retained by the FDIC following the failure of Signature Bank.
  • "This transaction underscores our strength and scale, leveraging our considerable expertise in the sector," said Ana Botín, Banco Santander executive chair.
  • The Bank has a $13.5 billion multifamily real estate portfolio, is a leading multifamily bank real estate lender in the United States and holds an Outstanding Community Reinvestment Act (“CRA”) rating.
  • "Santander US is a top-ten multifamily bank real estate servicer and lender and this transaction will leverage that industry expertise while also deepening our franchise in the New York metro market," said Tim Wennes, Santander US country head and Santander Bank president and CEO.

First Trust Advisors L.P. Announces Distributions for Exchange-Traded Funds

Retrieved on: 
Thursday, December 14, 2023

FTA has collective assets under management or supervision of approximately $201 billion as of November 30, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

Key Points: 
  • FTA has collective assets under management or supervision of approximately $201 billion as of November 30, 2023 through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.
  • Please refer to each fund’s prospectus and Statement of Additional Information for additional details on a fund’s risks.
  • In addition, a fund’s investment performance and risks may be related to the investment and performance of the underlying funds.
  • Certain funds have fewer assets than larger, more established funds, and like other relatively new funds, large inflows and outflows may impact such funds' market exposure for limited periods of time.

Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, CPP Investments and Rialto Capital Acquire a 20% Equity Stake in a Venture Holding Approximately $17 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank

Retrieved on: 
Thursday, December 14, 2023

The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value.

Key Points: 
  • The FDIC is maintaining an 80% ownership stake in the venture and provided financing equal to 50% of the venture’s value.
  • Blackstone is the largest owner of commercial real estate globally and has originated or acquired more than $170 billion of real estate loans and securities since the inception of its real estate credit business.
  • Rialto Capital has oversight of over $100 billion of commercial real estate loans and has experience managing public private partnerships.
  • Jones Lang LaSalle served as real estate advisor to Blackstone, CPP Investments and Rialto Capital.