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Pinnacle Bank Announces Record Earnings for 2023

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
GILROY, Calif.--(BUSINESS WIRE)--OTCQB: PBNK - Pinnacle Bank, headquartered in Gilroy, California, announced today record unaudited net income for the year ended December 31, 2023 of $11,771,000, an increase of 39% over the 2022 net income of $8,453,000. Unaudited net income for the fourth quarter of 2023 was $3,251,000 compared to $2,926,000 in the third quarter of 2023 and $3,107,000 in the fourth quarter of 2022. As of December 31, 2023, total assets were $817.4 million, an 8% increase from

AM Best Places Credit Ratings of VR Insurance Holdings, Inc.’s Insurance Subsidiaries Under Review With Negative Implications

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has placed under review with negative implications the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of National Security Fire and Casualty Company (NSFC). AM Best also has placed under review with negative implications the FSR of B+ (Good) and the Long-Term ICR of “bbb-” (Good) of NSFC’s wholly owned subsidiary, Omega One Insurance Company, Inc. (Omega). In addition, AM Best has place

Open Lending Partners with CreditSnap to Help Lenders Deliver Informed Decisions, Navigate Refinance Needs

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
AUSTIN, Texas--(BUSINESS WIRE)--Open Lending Corporation (NASDAQ: LPRO) (“Open Lending” or the “Company”), an industry trailblazer in automotive lending enablement and risk analytics solutions for financial institutions, has launched a partner integration with CreditSnap, a fintech platform that allows financial institutions to deliver lending and deposit account automation using pre-qualification technology, application programming interface (“API”) integrations and more. CreditSnap’s platform

Marcus & Millichap, Inc. to Report Fourth Quarter 2023 Financial Results on Friday, February 16, 2024

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
CALABASAS, Calif.--(BUSINESS WIRE)--Marcus & Millichap, Inc. (NYSE: MMI), a leading national brokerage firm specializing in commercial real estate investment sales, financing and research and advisory services, announced today it will report its financial results for the fourth quarter ended December 31, 2023 on Friday, February 16, 2024, before the market open. The Company will host a webcast and a conference call the same day to discuss the results at 10:30 a.m. Eastern Time. The call wil

Alpha and Omega Semiconductor Announces Closing of DOJ Investigation

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
SUNNYVALE, Calif.--(BUSINESS WIRE)--As previously disclosed by Alpha and Omega Semiconductor Limited (the “Company”), since late 2019, the Company has been cooperating with the U.S. Department of Justice (“DOJ”) in connection with its criminal investigation into the Company’s compliance with export control regulations relating to certain business transactions with Huawei and its affiliates. On January 19, 2024, DOJ informed the Company that it has closed such investigation without any charges.

Generational Equity Advises First Choice Exteriors/Homestead Exterior Solutions in its Sale to Private Investor

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
DALLAS--(BUSINESS WIRE)--First Choice Exteriors and Homestead Exterior Solutions, Generational Equity clients, were acquired by a Private Investor.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. Declares Monthly Distribution

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
NEW YORK--(BUSINESS WIRE)--BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc. (NYSE: DCF) declared a distribution of $0.035 per share of common stock, payable on February 23, 2024, to shareholders of record at the close of business on February 8, 2024. The ex-dividend date is February 7, 2024. The previous distribution declared in December was $0.035 per share of common stock. The Fund intends to pay most, but likely not all, of its net income to common shareholders in monthly

ATSG Announces New President of Airline Subsidiary ATI

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
WILMINGTON, Ohio--(BUSINESS WIRE)--ATSG announced the retirement of James O'Grady, President of Air Transport International, and the appointment of his replacement, Mike Betson.

Morgan Stanley Schedules Quarterly Investor Conference Call

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
NEW YORK--(BUSINESS WIRE)--Morgan Stanley (NYSE: MS) will announce its first quarter 2024 financial results on Tuesday, April 16, 2024, at approximately 7:30 a.m. (ET). A conference call to discuss the results will be held on April 16, 2024, at 9:30 a.m. (ET). The call will be available at www.morganstanley.com or by dialing 1-866-431-2040 (domestic) and 1-929-477-0541 (international); the passcode is 400700. Playback will be available via webcast on our website. Morgan Stanley is a leading glo

Customers Bancorp Reports Results for Fourth Quarter and Full Year 2023

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #FinTech--Customers Bancorp (NYSE: CUBI) announces very strong Q4 & full-year 2023 earnings: record NII; $7.32 EPS. Q4 '23 NIM up 63 basis points over Q3 '23.

Byline Bancorp, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY), today reported:         For the quarter   Full Year Highlights       4Q23   3Q23   4Q22 Financial Results (in thousands)                     • Net income increased $20.1 million, or 22.9%   Net interest income   $ 86,285   $ 92,452   $ 76,604       Non-interest income     14,503     12,376     11,455   • Positive operating leverage of 6.1%   Total Revenue(1)     100,788     104,828     88,059   driven by 28.0% increase in PTPP   Non-int

BioVie Inc. (BIVI) Investor Alert: Robbins LLP Reminds Stockholders of Class Action Against BioVie Inc.

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
SAN DIEGO--(BUSINESS WIRE)---- $BIVI #BIVI--BioVie Inc. (BIVI) Allegedly Failed to Disclose Scientific Misconduct in Connection with its Clinical Trial

Hilltop Holdings Inc. Announces Financial Results for Fourth Quarter and Full Year 2023

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the fourth quarter and full year 2023. Hilltop produced income to common stockholders of $28.7 million, or $0.44 per diluted share, for the fourth quarter of 2023, compared to $25.6 million, or $0.39 per diluted share, for the fourth quarter of 2022. Income to common stockholders for the full year 2023 was $109.6 million, or $1.69 per diluted share, compared to $113.1 million, or $1.60 p

Community Trust Bancorp, Inc. Announces the Appointment of Jeff Sandlin to Its Board of Directors

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
PIKEVILLE, Ky.--(BUSINESS WIRE)--Community Trust Bancorp, Inc. (NASDAQ: CTBI) is pleased to announce the appointment of Jeff Sandlin to its Board of Directors on January 23, 2024. Mr. Sandlin will serve on the Audit & Asset Quality and the Risk and Compliance Committees. Mr. Sandlin worked in the mining industry from 1980-1994. He joined Perry Distributors, Inc., in 1994 and worked his way through every area of the business including warehouse, delivery, marketing, human resources, and sale

BayCom Corp Reports 2023 Fourth Quarter Earnings of $6.4 Million

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
WALNUT CREEK, Calif.--(BUSINESS WIRE)--BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), announced earnings of $6.4 million, or $0.55 per diluted common share, for the fourth quarter of 2023, compared to earnings of $6.6 million, or $0.56 per diluted common share, for the third quarter of 2023 and $7.6 million, or $0.59 per diluted common share, for the fourth quarter of 2022. Net income for the fourth quarter of 2023 com

The SOC Details Why Board Change is Needed to Fix Starbucks’ Broken Approach to Labor Issues, Rehabilitate its Reputation and Help Maximize Shareholder Value

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
WASHINGTON--(BUSINESS WIRE)--The Strategic Organizing Center (the “SOC,” “we” or “us”), a shareholder of Starbucks Corporation (Nasdaq: SBUX) (“Starbucks” or the “Company”), today sent a letter to its fellow shareholders outlining why enhanced oversight and proven human capital management expertise is needed on Starbucks’ Board of Directors (the “Board”). The SOC also filed definitive proxy materials in connection with Starbucks’ Annual Meeting of Shareholders (the “Annual Meeting”), which is c

Oregon Pacific Bancorp Announces 2023 Earnings Results

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
FLORENCE, Ore.--(BUSINESS WIRE)--Oregon Pacific Bancorp (ORPB), the holding company of Oregon Pacific Bank, today reported financial results for the fourth quarter ended, and year ended, December 31, 2023. Highlights: Fourth quarter net income of $2.2 million; $0.31 per diluted share Quarterly loan growth of $11.4 million or 2.18% Quarterly tax equivalent net interest margin of 3.64% Annual return on average assets of 1.22% Annual loan growth of $53.7 million or 11.11% Portland office grand ope

Invitation Homes Announces Tax Treatment of 2023 Dividends

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) today announced the tax treatment of its 2023 dividends for its Common Stock as summarized in the table below. The Company’s tax return for 2023 has not yet been filed. As a result, the information in the table below has been calculated using the best available information as of the date of this release. Please note that federal tax laws affect taxpayers differently and the Company cannot advise it

First Business Bank Reports Fourth Quarter 2023 Net Income of $9.6 Million

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.6 million, or earnings per share of $1.15 on a diluted basis. This compares to net income available to common shareholders of $9.7 million, or $1.17 per share, in the third quarter of 2023 and $9.9 million, or $1.18 per share, in the fourth quarter of 2022. “We had tremendous success attra

Independence Realty Trust Announces Tax Treatment of Dividends in 2023

Lastest from Businesswire - Thu, 01/25/2024 - 17:59
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #45378A106) Record Date Payment Date Distribution Per Share Ordinary Dividend Total Capital Gain Distr. Unrecap- tured Sec. 1250 Gain Section 897 Capital Gain Return of Capital Section 199A 3/31/23 4/21/

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