NEW YORK, May 6, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Amerant Bancorp Inc. ("Amerant" or the "Company") (NYSE: AMTB). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Amerant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On April 23, 2025, Amerant ...

RADNOR, Pa., May 05, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed in the United States District Court for the District of Delaware against The Bancorp, Inc. (“Bancorp”) (NASDAQ: TBBK) on behalf of those who purchased or otherwise acquired Bancorp securities between January 25, 2024, and March 4, 2025, inclusive (the “Class Period”). The lead plaintiff deadline is May 16, 2025. CONTACT KESSLE ...

NEW YORK, May 05, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Amerant Bancorp Inc. (“Amerant” or the “Company”) (NYSE: AMTB). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Amerant and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.  [Click here for information about joining the class action] On April 23, 20 ...

Company Overview - Brookline Bancorp (NASDAQ: BRKL) is a banking sector company founded in 1871 and based in Boston, Massachusetts [1] - The company has a high dividend yield of 5.17% [1] Stock Performance - The share price of Brookline Bancorp has remained unchanged [1]

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, May 01, 2025 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises The Bancorp, Inc. ("Bancorp" or the "Company") (NASDAQ: TBBK) investors of a class action representing investors that bought securities between January 25, 2024 and March 4, 2025, inclusive (the "Class Period"). Bancorp investors have until May 16, 2025 to file a lead plaintiff motion. Investors are encouraged to contact attorney Lesley F. Portn ...

Core Points - Quaint Oak Bancorp reported a net loss of $83,000 for Q1 2025, a significant decline from a net income of $873,000 in Q1 2024, reflecting a decrease of 109.5% [1][3] - The decrease in net income was primarily driven by a $2.2 million (18.1%) drop in interest and dividend income, alongside a $419,000 (8.2%) increase in non-interest expenses [3][4][9] - The company's Total Risk-Based Capital Ratio improved to 13.92% as of March 31, 2025, compared to 13.61% a year earlier, indicating a stronger capital position [2] Financial Performance - Interest and dividend income decreased by $2.2 million, primarily due to a reduction in the average balance of loans receivable, which fell by $69.8 million from $658.4 million in Q1 2024 to $588.7 million in Q1 2025 [4] - Interest expense decreased by $930,000 (13.9%), largely due to a $1.3 million (21.0%) reduction in interest on deposits [5][6] - Non-interest income increased by $178,000 (11.3%), driven by a significant rise in gains from the sale of SBA loans [8] Asset Quality and Loan Portfolio - Non-performing loans totaled $5.9 million, or 1.13% of total loans receivable, showing an increase from $5.7 million (1.07%) at the end of Q4 2024 [19] - The Texas Ratio improved to 9.22% from 11.96% a year earlier, indicating better asset quality [2][29] - The provision for credit losses decreased by $695,000 (61.2%) compared to Q1 2024, reflecting a decrease in loans receivable [7] Balance Sheet Highlights - Total assets decreased by $34.8 million (5.1%) to $650.4 million as of March 31, 2025, primarily due to declines in cash and cash equivalents and loans held for sale [11] - Total deposits fell by $45.7 million (8.3%) to $507.6 million, mainly due to a $47.8 million decrease in interest-bearing checking accounts [13][14] - Federal Home Loan Bank borrowings increased by $17.1 million (35.8%) to $65.0 million, reflecting the company's funding strategy [15] Capital Structure - Senior debt increased to $9.5 million from none at the end of Q4 2024, following the issuance of Fixed Rate Unsecured Senior Notes [16] - Subordinated debt decreased by $14.0 million (63.6%) to $8.0 million as the company repaid a portion of its outstanding subordinated notes [17] - Total stockholders' equity decreased by $353,000 (0.7%) to $52.3 million, impacted by dividends paid and the net loss for the period [18]

Core Insights - U.S. Bancorp (NYSE: USB) exceeded earnings and revenue expectations for the first quarter, driven by high interest rates that provided net interest income support for financial institutions [1] - The company benefits from a high-quality balance sheet, which contributes to its financial performance [1] Financial Performance - The first quarter results showed a positive impact from elevated interest rates, enhancing net interest income [1] - U.S. Bancorp's strong balance sheet quality is a significant factor in its ability to capitalize on current market conditions [1]

KNOXVILLE, Tenn., May 1, 2025 /PRNewswire/ -- Mountain Commerce Bancorp, Inc. (the "Company") (OTCQX: MCBI), the holding company for Mountain Commerce Bank (the "Bank"), today announced that the Board of Directors has reauthorized a stock repurchase program under which the Company may, from time to time, acquire up to $5 million of its outstanding common shares during a period extending through March 31, 2026. The shares may be purchased in open market or private transactions, including pursuant to Rule 10b ...

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and its senior executives for potential violations of federal securities laws, alleging misrepresentation of risks associated with its loan portfolio [1][2][4]. Group 1: Lawsuit Details - The lawsuit is pending in the U.S. District Court for the District of Delaware, captioned Linden v. The Bancorp, Inc., et al., No. 25-cv-00326, with investors having until May 16, 2025, to seek lead plaintiff status [2]. - The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors who purchased Bancorp stock [2]. Group 2: Company Overview - Bancorp is a financial holding company involved in institutional banking, commercial real estate bridge lending, small business lending, and commercial fleet leasing, with its REBL loans primarily collateralized by apartment buildings [3]. Group 3: Allegations of Misrepresentation - The complaint alleges that Bancorp misrepresented the significant risk of default or loss on its REBL loan portfolio and that its credit loss methodology was inadequate [4]. - It is claimed that Bancorp misrepresented the effectiveness of its internal controls over financial reporting, which contained at least one material weakness [4]. Group 4: Stock Performance and Impact - Following a report from Culper Research on March 21, 2024, which highlighted misrepresentations regarding the risks of default on REBL loans, Bancorp's stock price fell over 10%, from $36.04 to $32.12 [5]. - On October 24, 2024, Bancorp reported a net income of $51.5 million, leading to a 14% decline in stock price from $54.96 to $47.01 due to increased credit losses [6]. - On March 4, 2025, Bancorp disclosed inappropriate filings of its Annual Report, causing a 4.4% drop in stock price from $53.59 to $51.25 [7].

Core Insights - CW Bancorp reported a consolidated net income of $2,935,000 for Q1 2025, representing a slight decrease of 2% compared to $2,993,000 in Q1 2024, with earnings per share (EPS) increasing by 1% to $0.97 [1][11] Financial Performance - Total assets increased by $51.8 million, or 5%, reaching $1,151.6 million as of March 31, 2025, compared to the previous year [3][13] - Total loans rose by $84.5 million, a 12% increase year-over-year, totaling $802.2 million [3][13] - Total deposits grew by $44.5 million, or 5%, amounting to $1,002.1 million, with interest-bearing deposits increasing by 12% [4][13] Income and Expenses - Interest income for Q1 2025 was $13,437,000, up 10% from $12,242,000 in Q1 2024, while interest expense increased by 9% to $3,393,000 [5][14] - Net interest income for the quarter was $10,044,000, reflecting a 10% growth compared to $9,128,000 in the same period last year [6][14] - Non-interest income increased by 3% to $1,245,000, while non-interest expenses rose by 16% to $7,175,000 [7][14] Efficiency and Ratios - The efficiency ratio for Q1 2025 was 63.22%, up from 59.42% in the previous year, indicating increased costs relative to income [8][11] - The allowance for credit losses (ACL) to total loans ratio stood at 1.42%, with no provisions for credit losses reported for both Q1 2025 and Q1 2024 [6][11] - Capital ratios remained strong, with a tier 1 leverage ratio of 12.35% and a total risk-based capital ratio of 18.01% as of March 31, 2025 [9][11] Business Strategy - The company aims to redefine banking for small and medium-sized businesses by offering customized products and services, supported by a digital banking platform [10]