Pay Day (board game)

First Central Savings Bank Reports Third Quarter 2023 Results Highlighted by Net Income of $2.1 million, Strong Asset Quality, and Non-Interest Income growth quarter over quarter

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星期三, 十月 25, 2023

Sale, Disposable household and per capita income, Bank, First Central American Civil War, Pressure, Federal Reserve, FASB, GAAP, Federal, Environment, Growth, Capital requirement, Pay Day (board game), GLEN, Cash, Calendar, Cryptocurrency

GLEN COVE, N.Y., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended September 30, 2023, highlighted by the Bank’s increased loan sale income, continued operating and cash earnings, and excellent asset quality.

Key Points:

Balance Sheet Growth: Assets totaled $953.6 million at September 30, 2023, up $63.9 million, or 7.2%, from September 30, 2022, primarily due to loan growth.
Net Interest Income: The Bank recorded net interest income of $7.4 million for the quarter ended September 30, 2023, a decrease of $996 thousand, or 11.9%, from the quarter ended September 30, 2022.
Strong Asset Quality: At September 30, 2023, the Bank’s asset quality was strong with 0.51% non-performing loans to total loans.
Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 3.15% and 2.43%, respectively.

First Central Savings Bank Reports Second Quarter 2023 Results Highlighted by Net Income of $2.0 million, Strong Asset Quality, and Net Interest Income and Non-Interest Income growth quarter over quarter

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星期三, 七月 26, 2023

Borrowing base, Pressure, Cash, GLEN, Federal, Pay Day (board game), Capital requirement, Calendar, GAAP, Sale, Federal Home Loan Banks, Federal Reserve, Growth, First Central American Civil War, Bank, Environment, Total, FASB, Cryptocurrency

GLEN COVE, N.Y., July 26, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended June 30, 2023, highlighted by the Bank’s strong loan growth, continued operating and cash earnings, and excellent assets quality.

Key Points:

Non-Interest Income Growth: Due to an increase in loans sold for the quarter ended June 30, 2023, non-interest income increased by $471 thousand or 63.8% quarter over quarter.
Strong Asset Quality: At June 30, 2023, the Bank’s asset quality was strong with 0.45% non-performing loans to total loans.
Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 3.43% and 2.75%, respectively.
In addition to deposit growth, the Bank has used short-term borrowings from FHLB-NY to fund loan growth during the quarter.

Lufax Reports Fourth Quarter and Full Year 2022 Financial Results

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星期日, 三月 12, 2023

Policy, Marketing, Citibank, Pay Day (board game), Direct, Acquisition, PIN, Calendar, ADS, Real estate, Video game, Cryptocurrency, Bank, Security (finance)

Technology and analytics expenses decreased by 23.3% to RMB458 million (US$66 million) in the fourth quarter of 2022 from RMB597 million in the same period of 2021 as a result of the Company's improved efficiency.

Key Points:

Technology and analytics expenses decreased by 23.3% to RMB458 million (US$66 million) in the fourth quarter of 2022 from RMB597 million in the same period of 2021 as a result of the Company's improved efficiency.
Asset impairment losses decreased by 99.0% to RMB7 million (US$1 million) in the fourth quarter of 2022 from RMB689 million in the same period of 2021, mainly due to the higher base of impairment loss in the fourth quarter of 2021 driven by impairment loss of intangible assets.
Other gains were RMB419 million (US$61 million) in the fourth quarter of 2022, compared to RMB300 million in the same period of 2021, mainly due to the increase in government subsidies.
Basic and diluted loss per American Depositary Share ("ADS") were both RMB0.36 (US$0.05) in the fourth quarter of 2022.

First Central Savings Bank Reports Calendar Fourth Quarter 2022 Results Highlighted by Strong Net Income and Cash Earnings, Excellent Balance Sheet Growth, Outstanding Net Interest Margin, and Exceptional Asset Quality

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星期四, 一月 26, 2023

GLEN COVE, N.Y., Jan. 26, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended December 31, 2022, highlighted by the Bank’s operating and cash earnings, continued momentum in year-over-year loan growth, excellent asset quality, and record year to date net income.

Key Points:

Excellent Asset Quality: At December 31, 2022, the Bank’s asset quality was strong with 0.42% non-performing loans to total loans.
Strong Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was strong at 3.82% and 3.40%, respectively.
As of the quarter ended June 30, 2022, the Bank has utilized the remaining net operating loss carryforward, thus is required to pay federal income taxes.
The Bank also completed an upgrade of our core banking system in April 2022 which has enhanced our customer experience.

DAI Acquires International Asset Management Firm, MicroVest

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星期四, 十二月 2, 2021

BETHESDA, Md., Dec. 2, 2021 /PRNewswire/ -- DAI announced today that it has acquired MicroVest Capital Management ("MicroVest"), one of the world's leading lenders to responsible finance institutionsan acquisition that will expand the capabilities of DAI's investment management arm, DAI Capital.

Key Points:

BETHESDA, Md., Dec. 2, 2021 /PRNewswire/ -- DAI announced today that it has acquired MicroVest Capital Management ("MicroVest"), one of the world's leading lenders to responsible finance institutionsan acquisition that will expand the capabilities of DAI's investment management arm, DAI Capital.
"Combining with MicroVest adds a rich vein of expertise to DAI's existing asset management team, connects that combined team to a wider network of investors, and provides DAI a platform on which to build a world class, high-impact asset management business."
MicroVest, DAI's first acquisition in the asset management space, will enhance DAI Capital's ability to mobilize and deploy private capital in frontier and emerging markets.
As part of DAI Capital, MicroVest will retain its management team and continue to benefit from the leadership of MicroVest Founder, Gil Crawford.