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Summit Bank Group Reports 2023 Year and 4th Quarter Earnings
EUGENE, Ore.--(BUSINESS WIRE)--Summit Bank Group (OTC Pink: SBKO) Fiscal year 2023 Net Income - $8.92 million or $1.15 per fully diluted share. Q4 2023 Net Income - $1.68 million or $0.22 per fully diluted share. Cash and securities total $135 million – 12.5 percent of assets. Year over year Net Loan Growth - $175.0 million or 23.6 percent. Year over year Deposit Growth - $59.8 million or 7.0 percent. Summit Bank Group reported net income for the fourth quarter of $1.68 million, or $0.22 per fu
Business Forecast Reveals Stark Dichotomy: New Survey from Altum Strategy Group Exposes Growing Divide On Corporate Risks and Opportunities in 2024
NEW YORK--(BUSINESS WIRE)--A new survey from Altum Strategy Group, in partnership with YouGov, revealed C-Suite executives perceive challenges from economic conditions on revenue, risk, and profit as almost three times that of technological advancements, regulatory environment, and competitive landscape. Fielded in December 2023, the survey comprises 533 C-suite leaders in the United States. The survey, which ranked external factors posing the most challenges in 2024, showed that over 1 in 2 C-
Best’s Commentary: AM Best Issues FAQ on Its Country Risk Evaluation of China Following Economic Slowdown
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has issued a new commentary on its country risk evaluation process in response to recent concerns about China’s economic slowdown and the government’s sovereign risk. The new Best’s Commentary addresses frequently asked questions about AM Best’s handling of sovereign credit risk and seeks to clarify how these issues are incorporated into the ratings process, and to explain the differences between sovereign credit risk and country risk. The commentary, tit
ROBLOX 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Roblox Corporation - RBLX
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 26, 2024 to file lead plaintiff applications in a securities class action lawsuit against Roblox Corporation (NYSE: RBLX), if they purchased or otherwise acquired the Company’s shares between March 10, 2021 and February 15, 2022, inclusive (the “Class Period”). This action is pending in the United States D
FISKER 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Fisker Inc. - FSR
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 26, 2024 to file lead plaintiff applications in a securities class action lawsuit against Fisker Inc. (NYSE: FSR), if they purchased or otherwise acquired the Company’s securities between August 4, 2023 and November 20, 2023, inclusive (the “Class Period”). This action is pending in the United States Distr
DOLLAR GENERAL 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Dollar General Corporation - DG
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 26, 2024 to file lead plaintiff applications in a securities class action lawsuit against Dollar General Corporation (NYSE: DG), if they purchased the Company’s shares between May 28, 2020 and August 30, 2023, inclusive (the “Class Period”). This action is pending in the United States District Court for th
Cornerstone Community Bancorp Reports Financial Results For the Fourth Quarter and Full Year Ended December 31, 2023
RED BLUFF, Calif.--(BUSINESS WIRE)--Cornerstone Community Bancorp (OTC Pink: CRSB) announced today its financial results for the fourth quarter and full year ended December 31, 2023. The Company reported net income of $1,892,000 for the three months ended December 31, 2023 compared to net income of $1,926,000 for the same period last year. Diluted earnings per share were $1.24 for the three months ended December 31, 2023 compared to $1.27 for the same period last year. The return on average ass
Source Capital, Inc. Declares Monthly Distributions on Common Stock
LOS ANGELES--(BUSINESS WIRE)--The Board of Directors of Source Capital, Inc. (NYSE: SOR) (the “Fund”), approved maintaining the Fund’s regular monthly distribution rate for each of the next three months as follows: Regular Monthly Distributions: Month Rate per Common Share Record Date Payable Date March 2024 $0.2083 March 15, 2024 March 28, 2024 April 2024 $0.2083 April 18, 2024 April 30, 2024 May 2024 $0.2083 May 16, 2024 May 31, 2024 About Source Capital, Inc. Source Capital, Inc. is a closed
Ventas Announces Fourth Quarter 2023 Earnings Release Date and Conference Call
CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) will issue its fourth quarter 2023 earnings release after the close of trading on the New York Stock Exchange on Wednesday, February 14, 2024. A conference call to discuss those earnings will be held on Thursday, February 15, 2024 at 1:00 p.m. Eastern Time (12:00 p.m. Central Time). The dial-in number for the conference call is (888) 330-3576 (or +1 (646) 960-0672 for international callers), and the participant passcode is 7655497. A live webca
Morgan Stanley Direct Lending Fund Prices Initial Public Offering
NEW YORK--(BUSINESS WIRE)--Morgan Stanley Direct Lending Fund (“MSDL”), a business development company externally managed by MS Capital Partners Adviser Inc., today announced that it priced its initial public offering of 5,000,000 shares of its common stock, par value $0.001 per share (the “Common Stock”) at $20.67 per share. MSDL’s shares of Common Stock are expected to begin trading on The New York Stock Exchange on January 24, 2024 under the symbol “MSDL.” MSDL also granted the underwriters
Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2023 Financial Results
JACKSON, Miss.--(BUSINESS WIRE)--Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2023 Financial Results
Sallie Mae Declares Dividends on Preferred Stock Series B and Common Stock
NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae® (Nasdaq: SLM), formally SLM Corporation, today announced a 2024 first-quarter dividend on its Preferred Stock Series B of $1.8552246 per share. The company also announced a 2024 first-quarter dividend on its common stock of $0.11 per share. Both preferred stock and common stock dividends will be paid on March 15, 2024, to the respective stockholders of record at the close of business on March 4, 2024. Sallie Mae (Nasdaq: SLM) believes education and lif
Hasbro to Announce Fourth Quarter and Full Year 2023 Earnings on February 13, 2024
PAWTUCKET, R.I.--(BUSINESS WIRE)---- $HAS #HAS--Hasbro to Announce Fourth Quarter and Full Year 2023 Earnings on February 13, 2024
Workiva Inc. Sets Date for Fourth Quarter and Full Year 2023 Financial Release and Conference Call
NEW YORK--(BUSINESS WIRE)--Workiva Inc. (NYSE:WK), the world’s leading cloud platform for assured, integrated reporting, today announced that it will release financial results for the fourth quarter and full‑year ended December 31, 2023, following the close of the market on February 20, 2024. Workiva will host a conference call and live webcast to discuss the financial results. The conference call will begin at 5 p.m. Eastern Time (22:00 GMT) February 20, 2024. The event will be broadcast live
CSB Bancorp, Inc. Reports Fourth Quarter Earnings
MILLERSBURG, Ohio--(BUSINESS WIRE)--CSB Bancorp, Inc. (OTC Pink: CSBB): Fourth Quarter Highlights Quarter Ended December 31, 2023 Quarter Ended December 31, 2022 Diluted earnings per share $ 1.38 $ 1.39 Net Income $ 3,697,000 $ 3,753,000 Return on average common equity 14.22 % 15.94 % Return on average assets 1.25 % 1.27 % CSB Bancorp, Inc. (OTC Pink: CSBB) today announced fourth quarter 2023 net income of $3,697,000, or $1.38 per basic and di
Gateway Named Top Lender of 2023 by the Texas Veterans Land Board
TULSA, Okla.--(BUSINESS WIRE)--Gateway Mortgage, a division of Gateway First Bank, was ranked third among the top lenders of 2023 by the Texas Veterans Land Board (TVLB). These annual awards recognize the dedication and hard work of the top five lenders throughout the state. The VLB Veterans Housing Assistance Program (VHAP) was established to help Texas veterans pursue homeownership. Eligible veterans and military members can purchase a home with a competitive, low-interest loan and little-to-
1st Colonial Bancorp, Inc. Reports Fourth Quarter and Annual 2023 Results
MOUNT LAUREL, N.J.--(BUSINESS WIRE)--1st Colonial Bancorp, Inc. Reports Fourth Quarter And Annual 2023 Results
East West Bancorp Reports Net Income for Full Year 2023 of $1.2 Billion and Diluted Earnings Per Share of $8.18; Increases Dividend by 15%
PASADENA, Calif.--(BUSINESS WIRE)--East West Bancorp, Inc. (“East West” or the “Company”) (Nasdaq: EWBC), parent company of East West Bank, reported its financial results for the full year and fourth quarter of 2023. Full year 2023 net income was $1.2 billion, or $8.18 per diluted share. Excluding $70 million pre-tax of FDIC Special Assessment-related expense (the “FDIC charge”) and $7 million of net losses on an AFS debt security, adjusted diluted earnings per share1 for the year were $8.56. F
HPE Appoints Kristin Major Chief People Officer
HOUSTON--(BUSINESS WIRE)--Hewlett Packard Enterprise (NYSE: HPE) today named Kristin Major as executive vice president and chief people officer (CPO), effective February 1, 2024, reporting to president and chief executive officer Antonio Neri. Major has been with HPE since 2011, most recently serving as senior vice president of human resources (HR) and chief talent officer. Over the course of her career with HPE, Major has led HR for HPE GreenLake, HPE Aruba Networking, the HPE Transformation O
CareTrust REIT, Inc. Announces Tax Treatment of 2023 Dividends
SAN CLEMENTE, Calif.--(BUSINESS WIRE)--CareTrust REIT, Inc. Announces Tax Treatment of 2023 Dividends