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AM Best Assigns Preliminary Credit Assessment to Fed Re Ltd.
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Preliminary Credit Assessment (PCA) to Fed Re Ltd. (Fed Re) (Bermuda) with a Financial Strength Assessment of A- pca (Excellent) and a Long-Term Issuer Credit Assessment of “a-” pca (Excellent). The outlooks assigned to these PCAs are stable. The PCAs reflect Fed Re’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. T
KBRA Releases Research – Florida Insurers Weather the Storms
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research discussing the financial impact to Florida-based insurance companies as the end of the 2024 hurricane season enters its final month. KBRA notes the uptick in storm activity as several weather systems made landfall in the southeastern United States. Florida and several other states in the region were impacted by significant wind and flood damage from Hurricanes Helene and Milton. While the full economic cost of these latest storms is still under
INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Light & Wonder, Inc. (LNW) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith continues its investigation on behalf of Light & Wonder, Inc. (“L&W” or the “Company”) (NASDAQ: LNW) investors concerning the Company’s possible violations of federal securities laws. On September 24, 2024, news sources reported that a Nevada District Court had granted L&W’s competitor, Aristocrat Technologies, Inc., a subsidiary of Aristocrat Leisure Limited (collectively “Aristocrat”), a preliminary injunction relating
INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Treace Medical Concepts, Inc. (TMCI) on Behalf of Investors
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Treace Medical Concepts, Inc. (“Treace” or the “Company”) (NASDAQ: TMCI) investors concerning the Company’s possible violations of federal securities laws. On May 7, 2024, Treace released its first quarter 2024 financial results and revised its full year 2024 guidance, lowering it by approximately $20 million, citing "increased use of MIS Osteotomy solutions and more competition from knockoffs
Melio Raises $150 Million To Expand B2B Payments Partnerships
NEW YORK--(BUSINESS WIRE)--Melio, a leading accounts payable and receivable platform for small and medium businesses, today announced it has raised an additional $150 million in a strategic funding round led by Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions. Shopify Ventures and Capital One Ventures also participated in the funding round, which will help fuel the company’s growth through partnerships. The Series E round, which valued M
KBRA Assigns Preliminary Ratings to Angel Oak Mortgage Trust 2024-11 (AOMT 2024-11)
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of mortgage-backed certificates from Angel Oak Mortgage Trust 2024-11 (AOMT 2024-11), a $283.9 million non-prime RMBS transaction. The underlying collateral, comprised of 631 residential mortgages, is characterized by a significant concentration of loans underwritten using alternative income documentation. All the loans are either classified as non-qualified mortgages (Non-QM) (49.5%) or exempt (50.5%) from the Ability
First Keystone Announces Third Quarter 2024 Earnings (Unaudited)
BERWICK, Pa.--(BUSINESS WIRE)--First Keystone Corporation (OTC Pink: FKYS), parent company of First Keystone Community Bank, reported an increase in total interest income by $11,586,000 or 28.1%, as compared to the nine months ended September 30, 2023. The increase was predominantly due to increased interest rates, growth in commercial real estate loans, and the purchase of higher yielding securities. Total interest expense increased by $9,752,000 or 50.3% primarily due to a $10,232,000 increas
Haymarket Media Group Welcomes Global Healthcare and Life Sciences Executive Dana DiFerdinando to US Board
LONDON & NEW YORK--(BUSINESS WIRE)--Haymarket Media Group today announces the non-executive appointment of Dana DiFerdinando to its US-based Haymarket Media, Inc. Board. DiFerdinando brings a wealth of expertise and experience in global healthcare and life sciences technology and joins existing non-executive Board Members, Melissa Boone and Dr. Robert G. Uzzo, MD, MBA. DiFerdinando has built, transformed, and led multi-million dollar organisations focused on the development of innovative techno
Pagaya to Participate in Upcoming Investor Conferences
NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that the Company’s management team will participate in the following investor conferences: Citizens JMP Financial Services Conference Date: November 12, 2024 Location: New York, NY KBW Fintech Conference Date: November 14, 2024 Location: New York, NY Wedbush Disruptive Finance Conference Date: November 22
FIS Announces Quarterly Dividend
JACKSONVILLE, Fla.--(BUSINESS WIRE)--FIS® (NYSE: FIS), a global leader in financial services technology, announced today a regular quarterly dividend of $0.36 per common share. The dividend is payable on December 23, 2024, to shareholders of record as of close of business on December 9, 2024. About FIS FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinnin
Customers Bancorp Reports Results for Third Quarter 2024
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #banking--Customers Bancorp, Inc (NYSE:CUBI) announced Q3 2024 earnings delivering on strategic priorities and growing franchise value.
OFS Capital Corporation Announces Third Quarter 2024 Financial Results
CHICAGO--(BUSINESS WIRE)--OFS Capital Corporation (Nasdaq: OFS) (“OFS Capital,” the “Company,” “we,” “us,” or “our”) today announced its financial results for the fiscal quarter ended September 30, 2024. THIRD QUARTER FINANCIAL HIGHLIGHTS Net investment income increased to $0.27 per common share for the quarter ended September 30, 2024 from $0.26 per common share for the quarter ended June 30, 2024. Net loss on investments was $0.15 per common share for the quarter ended September 30, 2024. See
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla
Pacific Premier Bancorp, Inc. Director Rose McKinney-James Honored With the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award by the U.S. Department of Energy
IRVINE, Calif.--(BUSINESS WIRE)---- $PPBI #PPBI--Pacific Premier Bancorp, Inc. Director Rose McKinney-James Honored With the 2024 Clean Energy Education & Empowerment Lifetime Achievement Award
Concentra Group Holdings Parent, Inc. Announces Results For Its Third Quarter Ended September 30, 2024 and Cash Dividend
ADDISON, Texas--(BUSINESS WIRE)--Concentra Group Holdings Parent, Inc. (“Concentra,” “we,” “us,” or “our”) (NYSE: CON) today announced results for its third quarter ended September 30, 2024, and the declaration of a cash dividend. “We had a successful quarter and made significant progress on key strategic initiatives and our separation from Select Medical. I am proud of our results, solid execution, and our colleagues’ continued dedication to delivering quality patient-centric care,” said Keith
UNITE HERE Park Hotels Monitoring Website Now Includes “Review Summaries”
HONOLULU--(BUSINESS WIRE)--Park Hotels Capex Problems now includes excerpts from TripAdvisor’s overall summary of certain Park-owned hotels
Reinsurance Group of America Reports Record Third Quarter Results
ST. LOUIS--(BUSINESS WIRE)--Reinsurance Group of America, Incorporated (NYSE: RGA), a leading global provider of life and health reinsurance, reported third quarter net income available to RGA shareholders of $156 million, or $2.33 per diluted share, compared with $287 million, or $4.29 per diluted share, in the prior-year quarter. Adjusted operating income for the third quarter totaled $242 million, or $3.62 per diluted share, compared with $372 million, or $5.57 per diluted share, the year be
Voya Financial declares common and preferred stock dividends
NEW YORK--(BUSINESS WIRE)--Voya Financial, Inc. (NYSE: VOYA) announced today that its board of directors has declared a common stock dividend of $0.45 per share for the fourth quarter of 2024. The common stock dividend is payable on Dec. 26, 2024, to shareholders of record as of Nov. 26, 2024. Voya’s board also declared a quarterly dividend of $13.3750 per share on the company’s Series B 5.35% fixed-rate reset non-cumulative preferred stock (the “Series B Preferred Stock”), equivalent to $0.334
Camden Property Trust Announces Third Quarter 2024 Operating Results
HOUSTON--(BUSINESS WIRE)--Camden Property Trust (NYSE:CPT) (the "Company") announced today operating results for the three and nine months ended September 30, 2024. Net Income Attributable to Common Shareholders (“EPS”), Funds from Operations (“FFO”), Core Funds from Operations ("Core FFO"), and Core Adjusted Funds from Operations (“Core AFFO”) for the three and nine months ended September 30, 2024 are detailed below. A reconciliation of EPS to FFO, Core FFO, and Core AFFO is included in the fi
Ameris Bank Names Brian Parks Head of Wholesale Banking
ATLANTA--(BUSINESS WIRE)--Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. Parks will be based in Atlanta and oversee Treasury Management, Industry Specialty Banking, Commercial Real Estate & Capital Markets, and Corporate Banking, as well as the metro Atlanta market. Parks joined Ameris in 2020 as regional president covering the majority of the company’s Florida markets spanning from Jacksonville