Feed aggregator

AM Best Assigns Credit Ratings to Sabal Specialty Insurance Company, Inc.

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has assigned a Financial Strength Rating of A-(Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Sabal Specialty Insurance Company, Inc. (Sabal Specialty) (Delaware). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings reflect Sabal Specialty’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk

Exchange Bank Announces Third Quarter 2025 Earnings

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
SANTA ROSA, Calif.--(BUSINESS WIRE)--Exchange Bank (OTC: EXSR) today announced its unaudited financial results for the third quarter 2025, reporting net income after taxes of $8.6 million. HIGHLIGHTS: Third quarter net income after taxes was $8.6 million compared with $4.9 million for the prior year quarter ended September 30, 2024. Net interest income increased by $3.3 million or 17% from the third quarter of 2025 compared to the third quarter of 2024 primarily related to increased loan intere

FI Investors Have Opportunity to Join Fiserv, Inc. Fraud Investigation with the Schall Law Firm

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
LOS ANGELES--(BUSINESS WIRE)---- $FI--FI Investors Have Opportunity to Join Fiserv, Inc. Fraud Investigation with the Schall Law Firm

Water UP! Opens Career Pathways for Essex County’s Future Workforce

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
CAMDEN, N.J.--(BUSINESS WIRE)--New Jersey American Water recently launched its fifth annual Water UP! – Water Utility Pipeline – training program, now hosted at Essex County College (ECC) in partnership with the company’s Short Hills Operations Center. This 10-week workforce development initiative is designed to prepare trainees for careers in the water utility industry through classroom instruction, field training, and professional development. Learn more about New Jersey American Water’s work

Securities Fraud Investigation Into Nidec Corporation (NJDCY) Announced – Shareholders Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Nidec Corporation (“Nidec” or the “Company”) (OTC: NJDCY) investors concerning the Company’s possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON NIDEC CORPORATION (NJDCY), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On September 3

David Foss, Former President and CEO of Jack Henry, Appointed to WEX Board of Directors

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
PORTLAND, Maine--(BUSINESS WIRE)--WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, today announced that David Foss has been appointed to its Board of Directors, effective November 3, 2025. Mr. Foss’s appointment is the result of an extensive search process with the assistance of an independent recruitment firm. Mr. Foss brings over 30 years of leadership experience in financial services and financial technology to WEX, most recently as Chief Exec

Regions Bank Reduces its Prime Lending Rate

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions Bank announced a reduction in its prime lending rate effective Oct. 30, 2025.

MVB Financial Corp. Announces Third Quarter 2025 Results

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
FAIRMONT, W.Va.--(BUSINESS WIRE)-- #banking--MVB Financial announced financial results for the third quarter of 2025, with reported net income of $17.1 million.

Prudential Financial, Inc. Announces Third Quarter 2025 Results

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
NEWARK, N.J.--(BUSINESS WIRE)--Prudential Financial, Inc. (NYSE: PRU) today reported third quarter results. Net income attributable to Prudential Financial, Inc. was $1.431 billion ($4.01 per Common share) for the third quarter of 2025, compared to net income of $448 million ($1.24 per Common share) for the third quarter of 2024. After-tax adjusted operating income was $1.521 billion ($4.26 per Common share) for the third quarter of 2025, compared to $1.208 billion ($3.33 per Common share) for

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
BOSTON--(BUSINESS WIRE)--MFS releases closed end fund distribution income sources for certain funds for October 2025

Regional Management Corp. Completes $253 Million Asset-Backed Securitization

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
GREENVILLE, S.C.--(BUSINESS WIRE)--Regional Management Corp. (NYSE: RM), a diversified consumer finance company, announced today that it has completed a $253 million asset-backed securitization. The Regional Management Issuance Trust 2025-2 (RMIT 2025-2) notes were issued at a weighted-average coupon of 4.83% (a 47 basis point improvement over the prior RMIT 2025-1 issued notes), secured by $278 million of receivables, with a 2-year revolving period. The Class A notes of the securitization rece

Moelis & Company Reports Third Quarter and First Nine Months 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
NEW YORK--(BUSINESS WIRE)--Moelis & Company reports Third Quarter and First Nine Months 2025 financial results; declares regular quarterly dividend of $0.65 per share

HF Sinclair Evaluates Strategic Pipeline Expansion to Western Markets

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
DALLAS--(BUSINESS WIRE)--HF Sinclair Corporation (NYSE: DINO) today announced the evaluation of a multi-phased expansion of its Midstream refined products footprint across PADD 4 and PADD 5. This initiative is designed to address the increasing supply and demand imbalances in key western markets, particularly Nevada and multiple markets in California, resulting from announced refinery closures on the West Coast. HF Sinclair believes its current geographic footprint and infrastructure provide an

AXIS Capital Reports Third Quarter Net Income Available to Common Shareholders of $294 Million, or $3.74 Per Diluted Common Share and Operating Income of $255 Million, or $3.25 Per Diluted Common Share

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
PEMBROKE, Bermuda--(BUSINESS WIRE)---- $AXS #insurance--AXIS Capital Holdings Limited ("AXIS Capital" or "AXIS" or "the Company") (NYSE: AXS) today announced financial results for the third quarter ended September 30, 2025. Commenting on the third quarter 2025 financial results, Vince Tizzio, President and CEO of AXIS Capital said: "AXIS produced another strong quarter highlighted by a 14% year-over-year increase in diluted book value per common share, and annualized operating return on equity of 18%. These result

Redwood Trust Reports Third Quarter 2025 Financial Results; Record Production Volumes Advance Transition to Core Operating Model

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
MILL VALLEY, Calif.--(BUSINESS WIRE)--Redwood Trust, Inc. (NYSE:RWT; "Redwood", the "Company"), a leader in expanding access to housing for homebuyers and renters, today reported its financial results for the quarter ended September 30, 2025. Mortgage Banking Platforms Continue to Profitably Scale Record $6.8 billion of cumulative loan production across operating platforms; capital allocated to mortgage banking up 84% since the second quarter 2024 Delivered highest mortgage banking revenues sin

Morningstar, Inc. Reports Third-Quarter 2025 Financial Results

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, reported third-quarter revenue growth with increases in operating and adjusted operating income and margins. “Morningstar Credit delivered a standout quarter driven by strong performance across asset classes and regions, while Morningstar Direct Platform and PitchBook also contributed meaningfully to consolidated growth," said Kunal Kapoor, Morningstar's chief executive officer. "W

Webster Financial Corporation Declares Common and Preferred Dividends

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
STAMFORD, Conn.--(BUSINESS WIRE)--Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A., announced that its Board of Directors declared a quarterly cash dividend of $0.40 per share on its common stock. The dividend on common shares will be payable November 20, 2025, to shareholders of record as of November 10, 2025. On its Series F Preferred Stock, Webster declared a quarterly cash dividend of $328.125 per share ($0.328125 per each depositary share, 1,000 of whic

Virtus Total Return Fund Inc. Discloses Sources of Distribution – Section 19(a) Notice

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on August 27, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date ZTR $0.05 October 14, 2025 October 30, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Sharehol

Pitney Bowes Declares Common Stock Dividend

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes (NYSE: PBI) announced that its Board of Directors has declared a quarterly cash dividend on the company’s common stock of $0.09 per share. The dividend will be paid on December 8, 2025, to stockholders of record on November 10, 2025. About Pitney Bowes Pitney Bowes (NYSE: PBI) is a technology-driven products and services company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world – includ

Pitney Bowes Discloses Financial Results for Third Quarter 2025 and Issues CEO Letter

Lastest from Businesswire - Wed, 10/29/2025 - 18:57
STAMFORD, Conn.--(BUSINESS WIRE)--Pitney Bowes Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”), a technology-driven company that provides digital shipping solutions, mailing innovation, and financial services to clients around the world, today disclosed its financial results for the third quarter of 2025. In conjunction with this announcement, Pitney Bowes’ CEO, Kurt Wolf, has released a letter to shareholders to provide his commentary on the quarter and updates on strategic initiatives. Q3

Pages