Financial Performance - City Holding Company reported net income of $30.3 million and diluted earnings of $2.06 per share for Q1 2025, achieving a return on assets of 1.89% and a return on tangible equity of 20.7%[2]. - Net income available to common shareholders reached $30,342,000 in Q1 2025, up from $29,523,000 in Q1 2024, reflecting a year-over-year increase of 2.8%[24]. - Basic earnings per share for Q1 2025 was $2.06, compared to $1.98 in Q1 2024, indicating a growth of 4.0%[24]. - The efficiency ratio improved to 49.6% in Q1 2025 from 48.5% in Q1 2024, indicating better cost management[21]. - Return on average assets increased to 1.89% in Q1 2025, compared to 1.92% in Q1 2024, showing a slight decline[21]. Income and Expenses - Net interest income increased by approximately $0.2 million, or 0.4%, to $55.8 million in Q1 2025, with a net interest margin improvement from 3.75% to 3.84%[3]. - Non-interest income rose to $18.7 million in Q1 2025, a 4.5% increase from $17.9 million in Q1 2024, driven by a 10.6% increase in wealth and investment management fee income[6][7]. - Non-interest expenses increased by $1.7 million, or 4.8%, to $37.6 million in Q1 2025, primarily due to higher equipment and software expenses[8]. - Total interest income for Q1 2025 was $77,388,000, compared to $73,568,000 in Q1 2024, marking an increase of 5.1%[23]. - Non-interest income totaled $18,737,000 in Q1 2025, up from $17,948,000 in Q1 2024, which is an increase of 4.4%[23]. Asset Quality - The ratio of nonperforming assets to total loans increased from 0.35% to 0.38%, while total past due loans decreased from $8.8 million to $7.5 million[4]. - The allowance for loan losses decreased to $21,669,000, down from $21,922,000 in the previous quarter, indicating improved asset quality[28]. - Total nonaccrual loans increased to $15,968,000 as of March 31, 2025, up from $14,029,000 on December 31, 2024, representing a 13.8% increase[29]. - Total past due loans decreased to $7,531,000 as of March 31, 2025, down from $8,818,000 on December 31, 2024, a decline of 14.6%[29]. - The allowance for loan losses as a percentage of loans outstanding remained stable at 0.51%[28]. Loans and Deposits - Total loans increased by $11.0 million, or 0.3%, to $4.29 billion, with residential real estate loans rising by $18.2 million, or 1.0%[9]. - Period-end deposit balances increased by $114.3 million, with total average depository balances rising by $29.2 million, or 0.6%[10]. - Total deposits rose to $5,261,189,000, up 2.28% from $5,144,150,000 at the end of December 2024[25]. - The average balance of the loan portfolio was $4,292,794,000 for the three months ended March 31, 2025, compared to $4,215,962,000 for the previous quarter, a growth of 1.8%[30]. - The net charge-offs for the quarter were $253,000, with an annualized net charge-off rate of 0.02% of average loans outstanding[28]. Capital and Equity - The Company maintained a tangible equity of $597 million, with a tangible equity ratio increasing from 9.1% to 9.2%[15]. - Total stockholders' equity increased to $756,336,000, up from $730,664,000 at the end of December 2024, marking a growth of 3.59%[26]. - The total risk-based capital was reported at $720,400,000, an increase from $709,820,000 in the previous quarter[26]. - The tangible common equity to tangible assets ratio was 9.23% as of March 31, 2025, up from 9.06% on December 31, 2024[33]. Stock Performance and Dividends - The period-end closing price of the stock was $117.47, down from $104.22 in Q1 2024, reflecting a year-over-year increase of 12.7%[20]. - The Board of Directors approved a quarterly cash dividend of $0.79 per share, with 80,600 shares repurchased at an average price of $117.42 per share during the quarter[16]. - Cash dividends declared remained stable at $0.79 per share for both Q1 2025 and Q1 2024[20]. - The company repurchased 81 thousand treasury shares at an average price of $117.42 in Q1 2025[20]. Depository Trends - Estimated uninsured deposits as of March 31, 2025, are 15% for noninterest-bearing demand deposits, down from 17% as of December 31, 2024[35]. - The total deposits remained stable at 15% for both March 31, 2025, and December 31, 2024[35]. - In 2025, the net growth in demand deposit accounts (DDA) was 0.3%, with 6,818 new DDA accounts and a net increase of 837 accounts[36]. - The net number of new DDA accounts in 2024 was 4,497, reflecting a growth rate of 1.8%[36]. - The company experienced a significant drop in net new accounts from 8,860 in 2021 to 837 in 2025[36].

TD Bank Group will open a new office in New York City for its artificial intelligence (AI) research and development center, Layer 6, later this year.With this new office, Layer 6, which currently operates from its head office in Toronto, will grow to more closely support the bank’s U.S. operations and access an expanded pool of talent, TD Bank Group said in a Tuesday (April 22) press release.“Our U.S. expansion of Layer 6 underscores our commitment to deepening our presence in New York City and investing in ...

Happy Belly Food Group's Via Cibo Italian Restaurant Opens Its Newest Location Located in Barrhaven, in the City of Ottawa, OntarioApril 17, 2025 6:00 AM EDT | Source: Happy Belly Food Group Inc.Toronto, Ontario--(Newsfile Corp. - April 17, 2025) - Happy Belly Food Group Inc. (CSE: HBFG) (OTCQB: HBFGF) ("Happy Belly" or the "Company"), a leader in acquiring and scaling emerging food brands across Canada is proud to announce that, following our November 14th, 2024 news release regarding securin ...

Toronto, Ontario--(Newsfile Corp. - April 3, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTC Pink: CVGRF) (the "Company" or "City View"), an innovative Canadian-based cannabis-infused edibles manufacturing company, announces that after a thorough evaluation of the Company's existing resources and a review of strategic options for the corporation generally, City View's board of directors and management determined to refocus its business operations from an "cannabis issuer" to an "investment issuer" ( ...

Company Overview - Melco Resorts & Entertainment (NASDAQ: MLCO) is an integrated casino-resort operator primarily focused on Asian operations, with its largest geographic footprint in Macau [1] - The company has recently opened a casino in Cyprus and is progressing with further investments [1] Leadership and Background - Benjamin Halliburton, the founder of Building Benjamins, has a long history in investment management, having started his career at Merrill Lynch in 1986 [1] - Halliburton has been recognized for his investment performance, including being named "PSN Manager of the Decade" for All-Cap in the 2000s and for Dividend Value in the 2010s [1] - He earned an MBA with a focus on finance from Duke's Fuqua School of Business and holds the Chartered Financial Analyst designation [1] Investment Strategy - Halliburton's "Disciplined Growth Strategy" outperformed the S&P 500 during the 1990s bull market, showcasing his effective investment approach [1]

United will become the only U.S. airline to offer flights to Bangkok, Thailand and Ho Chi Minh City, Vietnam; daily service launches this October from Hong Kong with one-stop connections from Los Angeles and San FranciscoUnited will offer the first nonstop service to Adelaide, Australia from the U.S.; the three-times weekly flights begin in December from San FranciscoThe airline also adds a second daily flight between San Francisco and Manila starting in October, giving customers daytime and evening travel ...

Company Overview - City Office REIT, Inc. is an internally-managed real estate company focused on acquiring, owning, and operating office properties primarily in Sun Belt markets [5] - The company currently owns or has a controlling interest in 5.4 million square feet of office properties [5] - City Office has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes [5] Financial Results Announcement - City Office REIT will release its financial results for the quarter ended March 31, 2025, before the market opens on May 2, 2025 [1] - A conference call will be held at 11:00 am Eastern Time on May 2, 2025, to discuss the financial results [1] - A supplemental financial package will be available on the company's website to accompany the discussion [1] Conference Call Details - Domestic participants can join the call at 1-833-470-1428, while international participants can dial 1-404-975-4839, using passcode 926092 [3] - Participants are advised to dial in at least 10 minutes before the scheduled start time [3] - A replay of the call will be available later on May 2, 2025, through July 31, 2025, at the same phone numbers and on the company's website [4]

Company Overview - Perma-Fix Environmental Services, Inc. is a nuclear services company specializing in environmental remediation and mixed waste management services [3] - The company provides management and treatment of radioactive and mixed waste for various clients, including hospitals, research labs, federal agencies, and the commercial nuclear industry [3] - Perma-Fix operates four nuclear waste treatment facilities and offers a range of services including project management, environmental remediation, decontamination, and radiological protection [3] Upcoming Event - The company will present at Gabelli Funds' 11th Annual Waste & Environmental Services Symposium on April 3rd in New York City [1] - CEO Mark Duff and CFO Ben Naccarato are scheduled to present at 1:15 PM ET and will also engage in one-on-one meetings with qualified investors during the conference [1][2] - The symposium focuses on waste, water treatment, and environmental themes, featuring presentations from senior management of leading companies [2]

Union Pacific Corporation (UNP) is strengthening its presence in Kansas City through a newlease agreement with Jaguar Transport Holdings LLC. Per the deal, Union Pacific will lease about 12 acres of land and four miles of track in central Kansas City to Jaguar Transport. Through this partnership, UNP aims to offer short-line rail services in the Central Industrial District in Kansas City. This shall enhance customer service and boost regional economic growth.Jaguar Transport is a transportation logistics co ...

Core Insights - Pony.ai has received authorization to operate paid fully-driverless robotaxis in Shenzhen's Nanshan District, marking a significant milestone for autonomous ride-hailing services in urban centers [1][2] Company Expansion - The company is expanding its commercial operations to connect Nanshan with the existing service zone in Baoan District, covering two of Shenzhen's most dynamic urban areas [2] - The Nanshan District has a GDP nearing RMB 1 trillion in 2024 and a population close to 2 million, indicating a strong demand for smart mobility solutions [2][3] Service Development - The new permit allows Pony.ai to establish Shenzhen's first cross-district driverless network, linking key tech hubs in Nanshan with central areas in Baoan, including Shenzhen Baoan International Airport [3] - The service operates daily from 7:30 AM to 10:00 PM, providing a reliable commuting option for residents in authorized zones through Pony.ai's app or WeChat mini-program [6] Technological Proficiency - Pony.ai's fleet has shown exceptional performance in Shenzhen's challenging urban environment, which includes heavy traffic and narrow lanes, demonstrating the maturity of its autonomous technology [4] - The company has accumulated nearly 45 million kilometers in autonomous testing, with 5 million kilometers in driverless mode, indicating robust operational capabilities [5] Industry Leadership - Pony.ai continues to lead in autonomous mobility innovation across China's tier-1 cities, with an average of over 15 daily paid rides per vehicle in Beijing and Guangzhou during the first half of 2024 [5] - The CEO emphasized the importance of expanding fully driverless services to enhance public adoption and trust in autonomous technology [6][7]