Customers Bancorp, Inc. Is Being Sued For Securities Law Violations And Affected Shareholders Are Urged To Contact The Schall Law Firm ...

The Bancorp (TBBK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the st ...

U.S. Bancorp surpassed earnings expectations for Q4 2024, but faces ongoing economic challenges and regulatory uncertainties.Regional banking leader U.S. Bancorp (USB -6.84%) reported fourth-quarter 2024 earnings on Thursday, Jan. 16, that showed a modest outperformance of Wall Street consensus expectations. Earnings per share (EPS) of $1.07 beat analysts' expectations of $1.05. Revenue also slightly exceeded projections at $7.01 billion against the $7 billion forecast. The quarter was marked by strong net ...

NEW YORK, Jan. 16, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Customers Bancorp, Inc. (NYSE: CUBI).Shareholders who purchased shares of CUBI during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/customers-bancorp-inc-loss-submission-form/?id=123041&from=4 CLASS PERIOD: March 1, ...

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BETHESDA, Md., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle”) announced today that as of 5:00 p.m., New York City time, on January 14, 2025 (the “Expiration Date”), $73.5 million in aggregate principal amount of outstanding 10.00% Senior Notes due 2029 (CUSIPs: 268948 AC0 and 268948 AD8) (the “Original Notes”) representing approximately 95% of the $77.7 million total outstanding principal amount of the Original Notes, were validly tendered and not validly withdrawn in connect ...

The upcoming report from Fifth Third Bancorp (FITB) is expected to reveal quarterly earnings of $0.87 per share, indicating a decline of 12.1% compared to the year-ago period. Analysts forecast revenues of $2.21 billion, representing an increase of 2.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to ...

The upcoming acquisition of Bank of Idaho ( OTCQX:BOID ) will drive up the earnings of Glacier Bancorp, Inc. (NYSE: GBCI ) this year. The acquisition will also boost the net interest margin, as BOID has aAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

Core Points - Cornerstone Bancorp, Inc. declared a special dividend of $2.50 per share, payable on February 5, 2025, to shareholders of record as of January 31, 2025 [1][2] - The special dividend represents a 25% payout of the unaudited earnings for 2024 [2] - The Board of Directors also authorized a share repurchase program for up to 30,000 shares of the company's common stock during 2025 [2][3] Company Overview - Cornerstone Bancorp, Inc. was founded in 2000 and operates through its wholly-owned subsidiary, Cornerstone National Bank & Trust Company, focusing on commercial banking and investment needs for families and family-owned businesses [4] - The company emphasizes investing in people and technology to provide a unique relationship experience, successfully attracting new clients as larger banks shift towards a more institutional approach [4] - Cornerstone is a leader in commercial lending services, including equipment, real estate, construction loans, and business treasury management services, as well as offering wealth management services for individuals and families [5]

Earnings Overview - U S Bancorp is scheduled to report Q4 2024 results on Jan 16 2025 with expected year-over-year growth in revenues and earnings [1] - The Zacks Consensus Estimate for Q4 2024 revenues is $7 02 billion indicating a 4 26% increase from the prior year [14] - The consensus estimate for Q4 earnings is $1 06 reflecting a 7 1% rise from the year-ago figure [14] Net Interest Income (NII) - The consensus estimate for Q4 NII is $4 15 billion showing a marginal increase from the prior year [2] - Management expects Q4 NII to remain relatively stable compared to Q3 2024's $4 17 million [6] - Federal Reserve rate cuts in Q4 2024 likely supported NII by reducing funding deposit costs [6] Loan Performance - Growth in commercial and industrial loans and consumer loan demand positively impacted the lending book [5] - Commercial real estate loan demand remained subdued partially offsetting growth [2][5] - The Zacks Consensus Estimate for average earning assets is $608 8 million indicating a marginal year-over-year increase [5] Non-Interest Income - Q4 2024 saw robust client activity and market volatility driven by strong economic growth and slowing inflation [3] - The Zacks Consensus Estimate for total non-interest income is $2 86 billion reflecting a 6 1% year-over-year rise [10] - Mortgage banking fees likely improved due to decent growth in refinancing activities and origination volumes despite higher mortgage rates [8] - Card revenues are expected to increase by 4 7% to $446 1 million driven by higher consumer spending [9] - Trust and investment management fees are estimated at $679 2 million up 1 8% year-over-year [10] - Commercial product revenues are expected to decline by 3 5% to $383 million [7] Expenses and Asset Quality - Elevated expenses due to technology modernization and higher compensation employee benefits likely impacted the bottom line [11] - The company likely set aside substantial provisions for potential bad loans given the higher-for-longer interest rate environment [11] - The Zacks Consensus Estimate for non-performing loans is $1 88 billion indicating a 4 1% rise from the prior year [12] Market Activity - Trading volumes in equity derivatives and corporate bonds exhibited significant growth in Q4 2024 reflecting heightened market activity [7] - Mortgage rates in Q4 2024 were 6 8% slightly higher than Q3 2024's 6 2% [8] Earnings Surprise History - U S Bancorp has a strong earnings surprise history beating estimates in each of the trailing four quarters with an average positive surprise of 1 55% [4] Earnings ESP and Zacks Rank - U S Bancorp has an Earnings ESP of -0 43% and a Zacks Rank of 2 indicating lower chances of beating estimates this quarter [15][14]