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]

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NEW YORK, Jan. 13, 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=121985&from=4CLASS PERIOD: March 1, ...

One bank that I have a pretty good track record with recently has been Washington Trust Bancorp (NASDAQ: WASH ). This is a rather small financial institution with a market capitalization as of this writing of $597.2 million. That is quite aCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-dept ...

NEW YORK, Jan. 10, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Customers Bancorp, Inc. ("Customers Bancorp, Inc." or the "Company") (NYSE: CUBI) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Customers Bancorp, Inc. investors who were adversely affected by alleged securities fraud between March 1, 2024 and August 8, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1 ...

U.S. Bancorp USB will release its fourth-quarter financial results before the opening bell on Thursday, Jan. 16.Analysts expect the Minneapolis, Minnesota-based company to report quarterly earnings at $1.05 per share, up from 49 cents per share in the year-ago period. U.S. Bancorp projects quarterly revenue of $6.99 billion, compared to $6.73 billion a year earlier, according to data from Benzinga Pro.On Oct. 16, the company reported third-quarter adjusted earnings per share of $1.03, beating the analyst co ...

U.S. Bancorp (NYSE: NYSE: USB ) is the fifth-largest bank in the United States, primarily operating in twenty-five states and serving over 25 million Americans. USB offers a broad range of loan products such as mortgages, personal loans, auto loans, credit cards andHello, my name is Bank Stock Insights. My journey in the finance world began with a degree in Finance and Economics. This academic grounding lead me into the Australian Banking industry, where I have accumulated over five years of hands-on experi ...

LODI, Calif., Jan. 08, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) announced today that Calvin (“Kelly”) Suess, the Company’s longest serving current member of the Board of Directors, has tendered his resignation effective at the next Board of Directors Meeting to be held on January 14, 2025 after having served on the board for 35 years. "On behalf of the entire team at FMCB and the Board of Directors, I want to thank Kelly for his board leadership, vision, strategic guidance, and num ...

NEW YORK, Jan. 6, 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=120450&from=4CLASS PERIOD: March 1, 2 ...