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ACCESS Newswire to Present at the Dealflow Discovery Conference in Atlantic City, New Jersey
Accessnewswire· 2026-01-21 18:35
Presentation time: Wednesday, Jan 28 at 2:30pm ET ACCESS Newswire also is proud to sponsor the event as a Media Partner. RALEIGH, NORTH CAROLINA / ACCESS Newswire / January 21, 2026 / ACCESS Newswire Inc. (NYSE American:ACCS), an industry-leading communications company, today announced that management will present at the Dealflow Discovery Conference in Atlantic City, New Jersey on Wednesday, Jan 28 at 2:30pm ET. ...
City Holding(CHCO) - 2025 Q4 - Annual Results
2026-01-21 15:29
Financial Performance - City Holding Company reported record net income of $130.5 million and diluted earnings of $8.93 per share for the year ended December 31, 2025, achieving a return on assets of 1.97% and a return on tangible equity of 21.2%[2] - Net Income available to common shareholders for the twelve months ended December 31, 2025, was $130,485,000, up from $117,101,000 in 2024, representing a growth of 11.5%[29] - Earnings per share (EPS) for the year ended December 31, 2025, was $8.94, compared to $7.91 in 2024, indicating a year-over-year increase of 13.0%[29] - Net Income Available to Common Shareholders for the three months ended December 31, 2025, was $31,568,000, compared to $28,654,000 for the same period in 2024, representing an increase of 10.3%[33] Income and Revenue - Net interest income increased by $16.1 million, or 7.3%, from $221.1 million in 2024 to $237.2 million in 2025, driven by an increase in average loan balances and a decrease in the cost of interest-bearing liabilities[4] - Non-interest income rose to $77.8 million for the year ended December 31, 2025, compared to $73.3 million in 2024, with a 2.9% increase in core non-interest income[11] - Total Interest Income for the three months ended December 31, 2025, was $81,447,000, an increase from $78,820,000 for the same period in 2024, representing a growth of 2.4%[32] - Net Interest Income for the three months ended December 31, 2025, was $60,825,000, compared to $55,790,000 for the same period in 2024, reflecting an increase of 9.1%[29] Asset and Loan Growth - Total loans increased by $232.2 million, or 5.4%, to $4.51 billion at December 31, 2025, with significant growth in commercial and industrial loans by 8.1%[17] - Total Assets as of December 31, 2025, were $6,722,018,000, an increase from $6,459,459,000 as of December 31, 2024, reflecting a growth of 4.1%[34] - The total gross loans increased to $4,507,005, up from $4,412,775 in the previous quarter, representing a growth of 2.0%[36] - The commercial and industrial loan portfolio grew to $453,975, up from $426,654 in the previous quarter, reflecting a growth of 6.0%[36] Deposits and Liquidity - Period-end deposit balances increased by $156.8 million, or 3.0%, from December 31, 2024, to December 31, 2025, with average depository balances rising by $192.8 million[18] - The Company maintained a gross loan to deposit ratio of 85.0% and a gross loan to asset ratio of 67.0% at December 31, 2025, indicating solid liquidity management[20] - Total Deposits as of December 31, 2025, were $5,300,988,000, compared to $5,144,150,000 as of December 31, 2024, indicating an increase of 3.1%[34] Expenses and Efficiency - Non-interest expenses increased by $6.9 million, or 4.7%, from $147.2 million in 2024 to $154.1 million in 2025, primarily due to salary adjustments and increased health insurance costs[15] - The efficiency ratio for the twelve months ended December 31, 2025, was 48.2%, compared to 48.8% in 2024, indicating improved operational efficiency[30] Capital and Equity - The tangible equity ratio improved from 9.1% at December 31, 2024, to 9.9% at December 31, 2025, reflecting strong capitalization[23] - Stockholders' equity increased to $808,947, compared to $747,143 a year earlier, indicating a strong capital position[39] - The CET I capital ratio at period-end was 16.94%, slightly down from 17.19% in the previous quarter[30] Dividends and Share Repurchase - The Board of Directors approved a quarterly cash dividend of $0.87 per share, payable on January 30, 2026, as part of a share repurchase plan[25] - The company repurchased 141,000 treasury shares at an average price of $119.12 during the three months ended December 31, 2025[30] Credit Quality - The ratio of nonperforming assets to total loans decreased from 0.35% at December 31, 2024, to 0.32% at December 31, 2025, indicating improved credit quality[9] - The allowance for loan losses at the end of the period was $19,862, which is 0.44% of loans outstanding, slightly down from 0.45% in the previous quarter[37] - Total non-performing loans amounted to $13,919, with non-performing assets as a percentage of loans and other real estate owned at 0.32%[38] Market Activity - The average daily trading volume for the three months ended December 31, 2025, was 90,000 shares, compared to 76,000 shares in the previous quarter[30] - New DDA accounts for 2025 totaled 31,427, with a net increase of 3,548 accounts, reflecting a growth rate of 1.4%[48]
Scenic City's New Jailhouse Studios Planned as World's First Quantum-Ready Sovereign Data, Processing, and AI Center and Creator Campus
Businesswire· 2026-01-16 14:00
CHATTANOOGA, Tenn.--(BUSINESS WIRE)--Years of exploration and collaboration among real estate, technology, and entertainment industry leaders have led to the official creation of Jailhouse Studios, an entity that is expected to call Hamilton County's former downtown jail home to the world's first quantum-ready sovereign data, processing, and AI center and creator campus. Designed at the intersection of cutting-edge technology and creative production, Jailhouse Studios is designed to serve the n. ...
Sila Realty Trust Completes $43.1 Million Acquisition of Oklahoma City Inpatient Rehabilitation Facility
Businesswire· 2026-01-16 11:30
Core Viewpoint - Sila Realty Trust has successfully completed the acquisition of an inpatient rehabilitation facility in Oklahoma City for a total of $43.1 million [1] Group 1: Acquisition Details - The acquisition involves an inpatient rehabilitation facility located in Oklahoma City [1] - The total purchase price for the facility is $43.1 million [1] Group 2: Strategic Implications - This acquisition is part of Sila Realty Trust's strategy to expand its portfolio in the healthcare real estate sector [1] - The facility is expected to enhance the company's revenue-generating capabilities [1]
City of Alexandria's DASH Partners with ABM to Support EV Bus Charging Infrastructure
Globenewswire· 2026-01-15 13:09
Core Insights - ABM has been selected by DASH to provide EV charging infrastructure for the electrification of Alexandria's public bus fleet [2][3] - The project includes the installation of an in-route pantograph charger, power cabinets, and electrical infrastructure, allowing buses to charge while in service [3] - This initiative is part of a broader electrification plan for DASH, which serves over 15,000 riders daily and aims to enhance operational efficiency and reduce greenhouse gas emissions [4][6] Company Overview - ABM is a leading provider of integrated facility, engineering, and infrastructure solutions, with over 100,000 team members [7] - The company generates over $8 billion in annual revenue and serves various sectors including commercial real estate, aviation, and education [8] - ABM focuses on innovative technologies and sustainable solutions to enhance facilities and meet evolving challenges [8]
MCME Carell Completes Acquisition of City Office REIT
Businesswire· 2026-01-09 15:57
NEW YORK--(BUSINESS WIRE)--A joint venture between Elliott Investment Management L.P. (together with its affiliates, "Elliott†) and Morning Calm Management, LLC (collectively, "MCME Carell†) announced today that MCME Carell has completed its previously announced acquisition of City Office REIT, Inc. (NYSE: CIO) ("City Office REIT†or "CIO†) for $7.00 per share of common stock. As a result of the transaction, CIO's common stock will no longer be listed on any public market. MCME Carell is an affiliate o ...
Capital City Bank Group, Inc. to Announce Quarterly Earnings Results on Tuesday, January 27, 2026
Globenewswire· 2026-01-09 12:00
Core Viewpoint - Capital City Bank Group, Inc. will release its fourth quarter and year-end 2025 financial results on January 27, 2026, before the market opens, with access available on its Investor Relations website [1] Group 1: Company Overview - Capital City Bank Group, Inc. is one of the largest publicly traded financial holding companies based in Florida, with approximately $4.3 billion in assets [2] - The company offers a comprehensive range of banking services, including traditional deposit and credit services, mortgage banking, asset management, trust, merchant services, bankcards, and securities brokerage services [2] - Capital City Bank, the bank subsidiary, was established in 1895 and currently operates 62 banking offices and 108 ATMs/ITMs across Florida, Georgia, and Alabama [2]
Accel Entertainment Evaluates Chicago Market Opportunities Following City's VGT Announcement
Businesswire· 2026-01-08 21:15
Core Viewpoint - Accel Entertainment is exploring the opportunity to introduce its distributed gaming and local entertainment model in Chicago, following recent discussions about the potential implementation of Video Gaming Terminals (VGT) in the city [1] Group 1 - Accel Entertainment is a leading gaming operator focused on local markets, collaborating with small businesses, communities, and state governments to deliver safe and enjoyable gaming experiences nationwide [1] - The company is assessing the feasibility of expanding its operations to Chicago, indicating a strategic move to capitalize on new market opportunities [1]
City Office REIT Announces Tax Treatment of 2025 Distributions
Prnewswire· 2026-01-07 22:20
Core Viewpoint - City Office REIT, Inc. has announced the tax treatment of its 2025 distributions to shareholders, providing essential information for tax reporting related to dividend distributions of taxable income [1]. Distribution Details - For common stock, the total distribution per share is $0.100 for each of the payment dates: January 23, April 24, and July 24, 2025 [3]. - For preferred stock, the total distribution per share is $0.414063 for each of the payment dates: January 23, April 24, July 24, and October 24, 2025 [4]. Company Overview - City Office REIT is an internally-managed real estate company focused on acquiring, owning, and operating office properties primarily in Sun Belt markets, currently owning or controlling 4.2 million square feet of office properties [5].
Six Flags Qiddiya City, Six Flags Entertainment Corporation's First Destination Outside North America, is Now Officially Open
Prnewswire· 2026-01-01 14:00
Core Insights - Qiddiya City is positioned as the world's first global destination centered on the "Power of Play," located 40 minutes from Riyadh, Saudi Arabia, and aims to integrate entertainment, sports, and cultural experiences in an unprecedented manner [1][7]. Group 1: Six Flags Qiddiya City - Six Flags Qiddiya City is the inaugural entertainment development within Qiddiya City, featuring 28 rides and attractions designed to provide thrilling experiences for families and adventure-seekers [2][6]. - The park includes 18 rides specifically designed for families and younger visitors, ensuring entertainment for all age groups, alongside various international dining options and retail outlets for exclusive merchandise [3][6]. - Ticket prices start at $85 USD for adults and $70 USD for children, with free admission for kids under 4 years old; the pricing covers all rides, and an Unlimited GoFast Pass is available for priority access [4][5]. Group 2: Accessibility and Inclusivity - The theme park is designed to be accessible for all guests, including individuals with special needs, with discounted tickets starting from $20 USD available exclusively at the park [5]. - Qiddiya City aims to provide a high quality of life with a range of attractions and experiences, alongside residential, retail, office, hospitality, healthcare, and educational offerings, all within a sustainable urban environment [8]. Group 3: Six Flags Entertainment Corporation - Six Flags Entertainment Corporation is the largest regional amusement-resort operator in North America, operating 27 amusement parks, 15 water parks, and nine resort properties across multiple countries, including Saudi Arabia [9]. - The company focuses on delivering fun, immersive, and memorable experiences to millions of guests annually, featuring world-class coasters and themed rides [9].