Federal funds

GBank Financial Holdings Inc. Announces First Quarter 2024 Financial Results

Retrieved on: 
星期二, 四月 30, 2024
Credit card, Sale, Internet, Federal Reserve, Zoom, Risk, Policy, BankCard Services, Federal Home Loan Banks, Federal funds, Federal Reserve Bank, PIMS, ZOOM, Insurance, SBA, Smartphone, Interest, BCS, Patent, Tier 1, PCA, Fintech, PST, Fed, PPA, FDIC, CIMS, Telephone, Earnings, Growth, Balance sheet, Bank

For the quarter ended March 31, 2024, the Company's Tangible Common Equity to Tangible Assets ratio was 10.6%.

Key Points: 
  • For the quarter ended March 31, 2024, the Company's Tangible Common Equity to Tangible Assets ratio was 10.6%.
  • For the quarter ended March 31, 2024, short-term borrowings totaled $10 million, compared to $30 million for the prior quarter.
  • For the quarter ended March 31, 2024, other noninterest income increased 27% to $262 thousand, compared to $207 thousand for the prior quarter.
  • No provision for credit losses relating to unfunded commitments was recorded during the prior quarter or the first quarter of 2023.

Bank of the James Announces First Quarter of 2024 Financial Results and Declaration of Dividend

Retrieved on: 
星期五, 四月 26, 2024
Sale, CFO, Total, MSA, Treasury, Federal funds, Health, CRE, Environment, White, Bank, Fed, United States Treasury security, NOW, Growth, PWW, C&I

Building relationships with a growing base of clients positions Bank of the James to maintain and expand those relationships over time.

Key Points: 
  • Building relationships with a growing base of clients positions Bank of the James to maintain and expand those relationships over time.
  • Total interest income increased to $10.51 million in the first quarter of 2024 compared to $9.10 million in the first quarter of 2023.
  • Noninterest income in the first quarter of 2024 was $3.31 million compared with $3.04 million in the first quarter of 2023.
  • The Bank added $15.00 million in deposits during the first quarter of 2024, with total deposits at March 31, 2024 of $893.49 million.

Premier Financial Corp. Announces First Quarter 2024 Results

Retrieved on: 
星期二, 四月 23, 2024
Banking, Professional Services, Finance, Sale, CFO, MSR, Total, Federal Reserve, FHLB, AFS, Housing, Hand, Federal, Insurance, PFC, PPP, Habit, Tier 1, Acquisition, Federal Reserve Economic Data, TE, Federal funds, Internet access, Premier, Growth, Bank

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 first quarter results.

Key Points: 
  • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 first quarter results.
  • “Premier’s overall financial performance for the first quarter was generally in line with our expectations,” said Gary Small, President and CEO of Premier.
  • Compensation and benefits were $23.4 million in the first quarter of 2024, compared to $21.0 million in the fourth quarter of 2023 and $25.7 million in the first quarter of 2023.
  • The efficiency ratio for the first quarter of 2024 was 64.2% compared to 59.5% in the fourth quarter of 2023 and 60.9% in the first quarter of 2023.

Sierra Bancorp Reports First Quarter 2024 Results

Retrieved on: 
星期一, 四月 22, 2024
Banking, Professional Services, Finance, Sale, Investment, Risk, The Wall Street Journal, Tier 1 capital, Federal Reserve Bank, CRE, Hand, ATM, AAA, Movement, Lisp (programming language), Federal funds, Advertising, FDIC, AA

Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.

Key Points: 
  • Our net interest margin was 3.62% for the first quarter of 2024, as compared to 3.31% for the linked quarter and 3.47% for the quarter ending March 31, 2023.
  • Noninterest income increased by $0.5 million, or 7%, to $8.6 million in the first quarter of 2024 as compared to the linked quarter.
  • Salaries and benefits were $0.2 million lower in the first quarter of 2024 as compared to the fourth quarter of 2023 and $0.4 million higher than the first quarter of 2023.
  • Other noninterest expense increased $0.5 million, or 6%, in the first quarter of 2024 as compared to both the fourth quarter of 2023 and the first quarter of 2023.

Independent Bank Group, Inc. Reports First Quarter Financial Results and Declares Quarterly Dividend

Retrieved on: 
星期一, 四月 22, 2024
Banking, Professional Services, Finance, Sale, Total, FHLB, Federal funds, TCE, Environment, Bank statement, Growth

Net interest income was $103.0 million for first quarter 2024 compared to $127.9 million for first quarter 2023 and $106.3 million for fourth quarter 2023.

Key Points: 
  • Net interest income was $103.0 million for first quarter 2024 compared to $127.9 million for first quarter 2023 and $106.3 million for fourth quarter 2023.
  • The yield on interest-earning assets was 5.53% for first quarter 2024 compared to 4.98% for first quarter 2023 and 5.44% for fourth quarter 2023.
  • The net interest margin was 2.42% for first quarter 2024 compared to 3.17% for first quarter 2023 and 2.49% for fourth quarter 2023.
  • Total noninterest expense decreased $100.9 million compared to first quarter 2023 and decreased $6.7 million compared to fourth quarter 2023.

BayCom Corp Reports 2024 First Quarter Earnings of $5.9 Million

Retrieved on: 
星期四, 四月 18, 2024
Finance, Banking, Professional Services, Other Professional Services, Small Business, Sale, Small business, FHLB, SBIC, ICS, Insurance, Collection, PPP, Tax, Government, Bank, Acquisition, Small Business Administration, Federal funds, FDIC, FRB

Net interest income decreased $1.1 million, or 4.8%, to $22.4 million for the first quarter of 2024 from $23.5 million in the prior quarter, and decreased $2.9 million, or 11.3%, from $25.3 million in the same quarter a year ago.

Key Points: 
  • Net interest income decreased $1.1 million, or 4.8%, to $22.4 million for the first quarter of 2024 from $23.5 million in the prior quarter, and decreased $2.9 million, or 11.3%, from $25.3 million in the same quarter a year ago.
  • Average interest-earning assets decreased $1.4 million, or 0.1%, and increased $18.1 million, or 0.71%, for the first quarter of 2024 compared to the fourth quarter of 2023 and the first quarter of 2023, respectively.
  • At March 31, 2024, there were $2.9 million in PPP loans outstanding compared to $3.8 million at December 31, 2023, and $5.9 million at March 31, 2023.
  • Shareholders’ equity totaled $314.2 million at March 31, 2024, compared to $312.9 million at December 31, 2023, and $313.5 million at March 31, 2023.

Freedom Financial Holdings Announces Earnings for First Quarter of 2024 and Reauthorization of Stock Buyback Program

Retrieved on: 
星期四, 四月 25, 2024
Sale, OTCQX, Bank, Federal Home Loan Banks, Federal Reserve Bank, SBA, PPP, Asset, Real estate owned, FDICIA, Environment, Freedom, AOCI, Federal funds, Share repurchase, Calendar, Efficiency ratio

The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.

Key Points: 
  • The Board approved and has implemented a refreshed stock repurchase program following the extinguishment of the prior buyback program in February 2024.
  • Tangible Book Value per share1 increased during the quarter to $10.83 on March 31, 2024, compared to $10.78 on December 31, 2023.
  • Non-interest-bearing demand deposits decreased by $2.26 million from the linked quarter to $141.70 million and represented 15.85% of total deposits on March 31, 2024.
  • Yields on average earning assets were 5.99% in the first quarter of 2024, unchanged from the linked quarter and 5.38% in the calendar quarter.

Mutual funds and safe government bonds: do returns matter?

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星期四, 四月 25, 2024
ACT, Safe Haven, Research Papers in Economics, Flight, Policy, B.3, ICAPM, RT, Journal of International Economics, Krishnamurti, Business, CIP, International, Observation, P25, Safety, A23, Benchmarking, B.2, FX, Paper, TSD, Environment, Journal of Financial Economics, Bogdanov, Federal, Website, United, A14, Total, The Economic Journal, Eurozone, Face, G11, Quarterly Journal of Economics, Interest rate parity, History, WD, Investment, Liquidity premium, Politics, OLS, Statistics, G15, Caballero, PDF, Classification, ECB, Foreign exchange market, AC, P99, Federal funds, Froot, Lethargy, Social science, Interest, JEL, Bias, Journal, Research, Journal of Economic Literature, The Journal of Finance, E.3, Literature, Federal Reserve, Parity, European Central Bank, AA, Annual Review, Growth, Bank of England, FRED, S&P, Injection, Risk, Elasticity, Government, G12, Finance, BIS, S1, JL, E.1, Money, Depreciation, Asset, Treasury, Federal Reserve Economic Data, A11, A10, R2, Section 4, UMP, A4, Boj, Section 3, Accounting, SJ, Fed, Mutual fund, Lustig, University of Lausanne, Section 2, P75, Foreign-exchange reserves of India, Assets under management, A19, GBP, FE, American Economic Review, A22, E.5, A3, A21, Flight-to-liquidity, Aggregate demand, G23, WT, USD, Autocorrelation, CAD, UIP, Currency, XR, Quarterly Journal, Appendix H, Capital, P95, A6, Zhu, University, B.1, P50, CHF, Transmission, Swings, Estate (law), EUR, Bank for International Settlements, JPY, E.4, Central bank, Multicollinearity, Bank, Fixed effects model, Reproduction, CAP, The Atlanta Jewish Times, VIX, Data, Om, Lobster
Key Points: 

    CMCT Declares Preferred Stock Dividends

    Retrieved on: 
    星期一, 四月 8, 2024
    Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Federal funds

    *The quarterly cash dividend of $0.489375 per share represents an annualized dividend rate of 7.83% (2.5% plus the federal funds rate of 5.33% on the applicable determination date).

    Key Points: 
    • *The quarterly cash dividend of $0.489375 per share represents an annualized dividend rate of 7.83% (2.5% plus the federal funds rate of 5.33% on the applicable determination date).
    • The terms of the Series A1 Preferred Stock provide for cumulative cash dividends (if, as and when authorized by the Board of Directors) on each share of Series A1 Preferred Stock at a quarterly rate of the greater of (i) 6.00% of the Series A1 Stated Value, divided by four (4) and (ii) the Federal Funds (Effective) Rate on the applicable determination date, plus 2.50%, of the Series A1 Stated Value, divided by four (4), up to a maximum of 2.50% of the Series A1 Stated Value per quarter.
    • For shares of Series A1 Preferred Stock issued in the second quarter of 2024, the dividend will be prorated from the date of issuance, and the monthly dividend payments will reflect such proration.

    Weekly Recap: 11 Press Releases You Might Have Missed

    Retrieved on: 
    星期五, 三月 15, 2024
    Diageo, Glass, Database, Netflix, Learning, The Home Depot, Federal funds, Coffee, PR Newswire, Federal, Travel, Interest, News, Aviation, AI, Fed, Paint, Wayfair, Federal Reserve, Geography, Crown, Aluminium, Related, Weather

    NEW YORK, March 15, 2024 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

    Key Points: 
    • Prominent trends showcased at this year's Pitch event included AI integration, industry-specific solutions, and sustainability and environmental impact focused projects.
    • These are just a few of the recent press releases that consumers and the media should know about.
    • To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists .
    • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines , features regular media news roundups, writing tips, upcoming events, and more.