Pathward Financial(CASH)
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Pathward Financial(CASH) - 2025 Q3 - Quarterly Results
2025-07-28 20:10
CEO Brett Pharr said, "We are encouraged by the results achieved in the third quarter, as they represent another quarter where we have successfully executed on our strategy and generated shareholder value. We have made progress on many fronts, and I am incredibly proud of what our team has been able to accomplish over the past nine months. Being the trusted platform that enables our partners to thrive remains our main focus, and we are working to deliver solutions for our clients." As previously disclosed, ...
ADECOAGRO S.A. ANNOUNCES EXPIRATION AND RESULTS OF ITS ANY AND ALL CASH TENDER OFFER FOR ITS 2027 NOTES
Prnewswire· 2025-07-25 00:31
Core Viewpoint - Adecoagro S.A. has announced the expiration and results of its cash tender offer for its outstanding 6.000% Notes due 2027, with approximately 36.31% of the principal amount validly tendered [1][3]. Group 1: Tender Offer Details - The tender offer was made for all outstanding 6.000% Notes due 2027, which are guaranteed by several subsidiaries of Adecoagro [2]. - As of the expiration date, US$150,927,000 of the US$415,644,000 principal amount of Notes was validly tendered and not withdrawn [3][4]. - The total consideration for the validly tendered Notes is US$1,000.00 per US$1,000.00 principal amount, plus accrued interest [6]. Group 2: Settlement and Payment - The settlement date for the tender offer is expected to occur on July 29, 2025, or as soon as practicable thereafter [7]. - Holders of validly tendered Notes will receive the total consideration along with accrued interest from the last interest payment date to the settlement date [8]. Group 3: Financing and Future Plans - The company plans to use proceeds from a new notes offering to pay for the consideration and accrued interest related to the tender offer [10]. - Adecoagro reserves the right to use any remaining proceeds to redeem or purchase any outstanding Notes after the expiration date [11]. Group 4: Company Overview - Adecoagro is a leading sustainable production company in South America, owning 210.4 thousand hectares of farmland and producing over 2.8 million tons of agricultural products and over 1 million MWh of renewable electricity [14].
HERITAGE FINANCIAL ANNOUNCES SECOND QUARTER 2025 RESULTS AND DECLARES REGULAR CASH DIVIDEND OF $0.24 PER SHARE
Prnewswire· 2025-07-24 12:00
Core Financial Performance - The company reported net income of $12.2 million for Q2 2025, down from $13.9 million in Q1 2025 and $14.2 million in Q2 2024 [2][7] - Diluted earnings per share were $0.36 for Q2 2025, compared to $0.40 in Q1 2025 and $0.41 in Q2 2024 [2][7] - The company incurred a pre-tax loss of $6.9 million on the sale of investment securities, impacting diluted earnings per share by $0.15 [3][7] Balance Sheet and Asset Management - Total investment securities decreased by $67.6 million, or 4.8%, to $1.35 billion at June 30, 2025 [8] - Loans receivable increased by $10 million, or 0.2%, to $4.77 billion at June 30, 2025 [11] - Total deposits decreased by $60.9 million, or 1.0%, to $5.78 billion at June 30, 2025 [12][14] Interest Income and Margin - Net interest margin increased to 3.51% in Q2 2025 from 3.44% in Q1 2025 [26][30] - Yield on loans increased to 5.50% from 5.45% in the previous quarter [27] - Net interest income rose by $1.3 million, or 2.4%, during Q2 2025 compared to Q1 2025 [29] Noninterest Income and Expenses - Noninterest income decreased by $2.4 million to $1.5 million in Q2 2025, primarily due to higher losses from the sale of investment securities [34][35] - Noninterest expense decreased by $0.3 million, or 0.7%, to $41.1 million in Q2 2025 compared to Q1 2025 [37] Credit Quality and Allowance for Credit Losses - The allowance for credit losses on loans was 1.10% of loans receivable at June 30, 2025, up from 1.09% at March 31, 2025 [18] - Classified loans increased to 2.1% of loans receivable, up from 1.4% in the previous quarter [21][22] - Nonaccrual loans increased by $5.4 million during Q2 2025 [21] Liquidity Position - Total liquidity sources available were $2.38 billion at June 30, 2025, representing a coverage ratio of 41.1% of total deposits [23][24]
PERMIAN BASIN ROYALTY TRUST ANNOUNCES JULY CASH DISTRIBUTION AND EXCESS COST POSITION ON WADDELL RANCH PROPERTIES
Prnewswire· 2025-07-21 12:00
DALLAS, July 21, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.015311 per unit, payable on August 14, 2025, to unit holders of record on July 31, 2025. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of M ...
DIVIDEND ALERT: US$0.836 CASH DIVIDEND TO BE DISTRIBUTED ON JULY 25 TO ChipMOS ADS HOLDERS PRE-WITHHOLDING TAX AND FEES
Prnewswire· 2025-07-21 10:00
Core Viewpoint - ChipMOS TECHNOLOGIES INC. announced a cash dividend of US$0.836 per ADS, which will be distributed on July 25, 2025, after accounting for withholding tax and depositary fees, the net amount will be approximately US$0.640 per ADS [1]. Company Overview - ChipMOS TECHNOLOGIES INC. is a leading provider of outsourced semiconductor assembly and test services (OSAT) with advanced facilities located in Hsinchu Science Park, Hsinchu Industrial Park, and Southern Taiwan Science Park [3]. - The company has a strong track record of excellence and innovation, providing end-to-end assembly and test services to fabless semiconductor companies, integrated device manufacturers, and independent semiconductor foundries across various end markets globally [3].
RECOMMENDED CASH AND SHARE COMBINATION OF DOWLAIS GROUP PLC WITH AMERICAN AXLE & MANUFACTURING HOLDINGS, INC.
Prnewswire· 2025-07-15 20:15
Core Viewpoint - American Axle & Manufacturing Holdings, Inc. (AAM) has received approval from its stockholders for the proposed acquisition of Dowlais Group plc, marking a significant step towards creating a leading global automotive supplier [1][4] Group 1: Transaction Details - AAM stockholders approved all proposals related to the acquisition of Dowlais, which is expected to close in the fourth quarter of 2025, pending Dowlais shareholder approval and other regulatory conditions [1][3] - The combined entity is projected to generate annual revenues of approximately $12 billion on a non-adjusted basis, enhancing AAM's geographic presence across various automotive segments, including internal combustion engines, hybrids, and electric powertrains [2] Group 2: Leadership and Strategic Vision - David C. Dauch, Chairman and CEO of AAM, will continue to lead the combined company, emphasizing the value creation opportunity and the ability to navigate industry shifts and volatility [4] - AAM plans to seek a secondary listing on the London Stock Exchange for its common stock, including new shares issued in connection with the acquisition [2]
Pathward Financial: Good Business, Attractive Valuation
Seeking Alpha· 2025-07-09 10:51
Pathward Financial (NASDAQ: CASH ) is a somewhat unique bank, with a large portion of its income coming from non-interest sources, creating a competitive distinction and higher ROE business for the company. Recent financials were good due to a good tax season andI am a value focused investor, conducting fundamental research on sectors like but not limited to chemicals, homebuilders, building materials, industrials and metals & mining. I prefer to invest in stocks which are cheaply available and have a catal ...
SABINE ROYALTY TRUST ANNOUNCES MONTHLY CASH DISTRIBUTION FOR JULY 2025
Prnewswire· 2025-07-03 12:00
Core Viewpoint - Argent Trust Company declared a cash distribution of $0.345930 per unit for the Sabine Royalty Trust, reflecting current oil and gas production and pricing trends [1][2]. Distribution Details - The cash distribution is payable on July 29, 2025, to unit holders of record on July 15, 2025 [1]. - The distribution amount is lower than the previous month due to decreased oil and natural gas production and a drop in oil prices [2]. Production and Pricing Data - Preliminary production volumes for April 2025 are approximately 42,748 barrels of oil and 940,600 Mcf of gas [2]. - Average prices for the current month are approximately $65.46 per barrel of oil and $3.24 per Mcf of gas, compared to the prior month’s prices of $67.59 per barrel and $3.22 per Mcf [3]. Revenue Posting and Timing - Revenues are distributed only after they are received, verified, and posted, with most energy companies issuing royalty payments around the 25th of each month [4]. - Approximately $505,000 of revenue received in June will be posted in July, in addition to normal cash receipts for that month [5].
Pathward Financial(CASH) - 2016 Q4 - Earnings Call Presentation
2025-06-23 15:44
Investor Update Fourth Quarter Fiscal Year 2016 April 2016 Forward Looking Statements Meta Financial Group, Inc.® (the "Company") and its wholly-owned subsidiary, MetaBank® (the "Bank"), may from time to time make written or oral "forward-looking statements," including statements contained in this Investor Update, the Company's filings with the Securities and Exchange Commission ("SEC"), the Company's reports to stockholders, and in other communications by the Company and the Bank, which are made in good fa ...
Pathward Financial(CASH) - 2017 Q4 - Earnings Call Presentation
2025-06-23 15:43
Financial Performance - Meta Financial Group achieved a GAAP net income of $44.9 million for fiscal year 2017, a 35% increase compared to fiscal year 2016[16] - The company's fourth quarter net interest income was $24.5 million, a 23% increase over Q4 FY 2016[12] - Non-interest income represented 65% of the company's total revenue for the fiscal year[16] - Card fee income increased by 49% in Q4 FY 2017, reaching $26.7 million[16] - Non-interest income grew 71% in FY 2017 compared to FY 2016[20] Balance Sheet and Loan Portfolio - Average assets for Q4 FY 2017 grew 25% compared to Q4 FY 2016, reaching $4.03 billion[13,48] - Total loans receivable increased 43% year-over-year[36] - Excluding purchased student loan portfolio, total loans receivable, net of allowance for loan losses, increased 30% over Q4 FY 2016, amounting to $274.6 million[14] - The company originated approximately $1.3 billion of refund advance loans for the 2017 tax season and anticipates originating over $1.0 billion during the 2018 tax season[10] Deposits and Cost of Funds - Average deposits for Q4 FY 2017 increased 37%, and average non-interest bearing deposits increased 14% compared to Q4 FY 2016[48] - Overall cost of funds for all deposits and borrowings averaged 0.50% during Q4 FY 2017, compared to 0.26% during Q4 FY 2016[17]