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SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR FEBRUARY 2026
Prnewswire· 2026-02-06 13:00
DALLAS, Feb. 6, 2026 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.283370 per unit, payable on February 27, 2026, to unit holders of record on February 17, 2026. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at ...
Pathward Financial(CASH) - 2026 Q1 - Quarterly Report
2026-02-05 21:41
Financial Performance - Total revenue for the first quarter was $173.1 million, with net interest income on commercial finance loans increasing by $9.2 million [137]. - The Company reported net income of $35.2 million, or $1.57 per diluted share, for the three months ended December 31, 2025, compared to $30.0 million, or $1.23 per diluted share, for the same period in 2024, representing a 17.3% increase in net income [150]. - Net interest income for the first quarter of fiscal 2026 was $119.3 million, a decrease of 5% compared to the same quarter in fiscal 2025 [151]. - Noninterest income decreased by 6% to $53.8 million compared to $57.4 million for the same period last year, primarily due to decreases in rental income and other income [156]. - Noninterest expense was $127.2 million for the fiscal 2026 first quarter, slightly down from $127.8 million for the same quarter last year [159]. Asset and Loan Growth - Total assets increased to $7.56 billion at December 31, 2025, up from $7.17 billion at September 30, 2025, driven by a $317.9 million growth in loans and leases [134]. - New loan originations rose from $1.38 billion to $1.89 billion, reflecting growth in both consumer and commercial finance [137]. - Total gross loans and leases reached $4.98 billion at December 31, 2025, compared to $4.66 billion at September 30, 2025 [140]. - Commercial finance loans, comprising 83% of the loan portfolio, totaled $4.15 billion, reflecting a 6% increase from September 30, 2025 [141]. - Loans held for sale decreased to $88.0 million from $179.4 million at September 30, 2025, primarily due to the sale of a significant portion of the consumer finance portfolio [139]. Deposits and Equity - Total end-of-period deposits increased by 8% to $6.35 billion at December 31, 2025, compared to $5.89 billion at September 30, 2025 [142]. - Stockholders' equity totaled $853.7 million at December 31, 2025, a slight decrease from $857.5 million at September 30, 2025 [144]. - Total stockholders' equity was $853.7 million at December 31, 2025, down from $857.5 million at September 30, 2025 [185]. Credit Quality and Losses - The Company recognized a provision for credit losses of $3.2 million for the quarter ended December 31, 2025, significantly lower than the $18.7 million provision for the same period in the prior year [155]. - The Company's nonperforming assets increased to $111.5 million, representing 1.47% of total assets as of December 31, 2025, up from $101.7 million or 1.42% at September 30, 2025 [167]. - Nonperforming loans and leases totaled $109.1 million at December 31, 2025, which is 2.15% of total gross loans and leases, compared to $99.1 million or 2.05% at September 30, 2025 [168]. - The allowance for credit losses (ACL) rose to $58.8 million at December 31, 2025, from $53.3 million at September 30, 2025, primarily due to increases in the consumer finance, commercial finance, and tax services portfolios [174]. - The Company's ACL as a percentage of total loans and leases increased to 1.18% at December 31, 2025, compared to 1.14% at September 30, 2025 [176]. Interest Rate Risk Management - The Company’s interest rate risk (IRR) analysis includes Earnings at Risk (EAR) and Economic Value of Equity (EVE) methodologies to assess the impact of interest rate changes on income and valuation [198]. - The Company’s interest rate risk management strategies are subject to limits set by the Board of Directors and relevant government regulations [195]. - The Company does not currently engage in trading activities to manage IRR but may consider it in the future if necessary [196]. - The Company’s Asset/Liability Committee is responsible for managing the asset/liability mix to enhance income while mitigating interest rate risk [197]. - The Company’s investment portfolio aims to balance liquidity needs with risk minimization and yield maximization, adhering to established asset/liability management goals [192]. Capital Requirements - The Company and the Bank exceeded federal regulatory minimum capital requirements, with a Tier 1 capital ratio of 12.26% and a total capital ratio of 13.67% as of December 31, 2025 [183]. - The capital conservation buffer required is 2.5%, and the Company expects to maintain this buffer along with the minimum capital ratios [187]. Interest Income Projections - The Company’s total interest income as of December 31, 2025, is projected to be $6,736,345 thousand, with a net interest income of $456,475 thousand under base case conditions [199]. - A 200 basis point increase in interest rates is expected to increase net interest income by 15.3% to $526,433 thousand, while a 200 basis point decrease would decrease it by 9.5% to $412,885 thousand [199]. - The Economic Value of Equity (EVE) analysis indicates a potential decrease of 8.2% from the base case under a 200 basis point decline in interest rates as of December 31, 2025 [201].
Pathward Financial (CASH) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2026-02-04 15:56
Pathward Financial, Inc. (CASH) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CASH's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages ...
RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC ("DOWLAIS") WITH DAUCH CORPORATION ("DAUCH")
Prnewswire· 2026-01-30 14:15
Combination Update: Court Sanction of Scheme of Arrangement and Publication of Prospectus DETROIT, Jan. 30, 2026 /PRNewswire/ -- Dauch (NYSE: AXL) and Dowlais are pleased to announce that the Court has issued the Court Order sanctioning the Scheme. As a result, the Scheme will become effective on delivery of the Court Order to the Registrar of Companies, which is expected to occur after the Scheme Record Time, being 6:00 p.m. on February 2, 2026. Prospectus Dauch has today published a prospectus (the "Pros ...
Investment Firm Bets Big on Water Scarcity, Liquidates Regional Bank and Cuts Big Tech
The Motley Fool· 2026-01-29 19:04
Company Overview - Pathward Financial is a diversified financial services provider focusing on innovative banking and payment solutions, leveraging expertise in commercial and consumer finance to drive growth and maintain a competitive position within the U.S. regional banking sector [8] - The company reported trailing-12-month revenue of $724.3 million and net income of $191.0 million as of September 30, 2025 [6][4] - As of January 20, 2026, shares of Pathward Financial were priced at $74.18, reflecting a 5.16% decline over the past year, underperforming the S&P 500 Index by 17.67 percentage points [4][6] Recent Transaction - On January 20, 2026, Shepherd Wealth Management liquidated its entire position in Pathward Financial, selling 15,726 shares for an estimated transaction value of $10.06 million [2][4] - Following this sale, Pathward Financial represented 0% of Shepherd's reported assets under management (AUM), down from 6.7% in the previous quarter [4] Market Position and Performance - Pathward Financial's market capitalization is approximately $1.95 billion, with a current price of $74.18 [6][4] - The company's dividend yield stood at 0.27% as of January 20, 2026 [4] - The stock's 52-week range was between $64.45 and $88.66, with a trading volume of 181K and an average volume of 222K [5] Strategic Insights - The liquidation of Pathward Financial shares by Shepherd Wealth Management indicates a significant strategic overhaul, with the firm reallocating its investments towards water resources, which now constitute 27% of its portfolio [10][11] - This shift suggests a potential belief in better opportunities within water infrastructure and nuclear energy compared to traditional tech growth stocks [11]
Pathward Financial: Credit Exposures Limit Upside
Seeking Alpha· 2026-01-29 11:56
Core Viewpoint - Pathward Financial (CASH) has shown moderate performance over the past year, with a stock price increase of approximately 7% [1] Group 1: Stock Performance - The stock recently reached a 52-week high, driven by positive investor sentiment following an encouraging earnings release [1]
Is Credicorp (BAP) Stock Outpacing Its Finance Peers This Year?
ZACKS· 2026-01-26 15:40
Core Viewpoint - Credicorp (BAP) has shown strong year-to-date performance, outperforming the average gains of the Finance sector, indicating a positive investment opportunity in the stock [1][4]. Group 1: Company Performance - Credicorp has achieved a year-to-date return of approximately 20%, surpassing the Finance sector's average gain of 17.1% [4]. - The Zacks Consensus Estimate for Credicorp's full-year earnings has increased by 9.4% over the past 90 days, reflecting improved analyst sentiment and a stronger earnings outlook [3]. - Credicorp currently holds a Zacks Rank of 2 (Buy), suggesting it is positioned well for potential outperformance in the near term [3]. Group 2: Industry Context - Credicorp is part of the Banks - Foreign industry, which consists of 66 companies and currently ranks 50 in the Zacks Industry Rank [5]. - The average gain for the Banks - Foreign industry has been 61.7% year-to-date, indicating that while Credicorp is performing well, it is slightly underperforming its industry peers [5]. - In comparison, Pathward Financial, another Finance stock, has returned 20.7% year-to-date and is part of the Banks - Northeast industry, which has gained 11% this year [4][6].
Pathward Financial, Inc. (CASH) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2026-01-26 15:16
Shares of Pathward Financial (CASH) have been strong performers lately, with the stock up 16.7% over the past month. The stock hit a new 52-week high of $86.92 in the previous session. Pathward has gained 20.7% since the start of the year compared to the 17.1% move for the Zacks Finance sector and the 11% return for the Zacks Banks - Northeast industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in ...
Pathward Financial Q1 Earnings Call Highlights
Yahoo Finance· 2026-01-22 23:42
On deposits, Pharr said Pathward’s issuing partnerships generally provide “stable deposits,” and he emphasized the company’s role in enabling financial inclusion for underserved or unbanked consumers and businesses. On lending, he said Pathward specializes in serving businesses that may not be able to borrow from traditional banks and, in some cases, originates commercial finance loans through partners.Pharr said the company’s value proposition is anchored in four pillars: seasoned leadership in payments an ...
Pathward Financial (CASH) Surpasses Q1 Earnings Estimates
ZACKS· 2026-01-22 23:26
Pathward Financial (CASH) came out with quarterly earnings of $1.57 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +13.77%. A quarter ago, it was expected that this holding company for Pathward, N.A. would post earnings of $1.39 per share when it actually produced earnings of $1.69, delivering a surprise of +21.58%.Over the ...