RBKB has 4.75 million shares that are publicly traded. If another mutual bank pays them $20 per share, the cost is $95 million, and they have $119.4 million of tangible common equity. Even if there are $20 million ofChris runs the investing group Sifting the World , in which he shares his best ideas, deep research, extensive resources and real time updates as investments play out. The group contains an experienced community that shares specialized knowledge when members have local knowledge of opportunities ...

SUN VALLEY, Calif., April 30, 2025 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.6 million, or $0.47 per diluted share, for the first quarter of 2025, compared to a net income of $1.7 million, or $0.51 per diluted share, for the first quarter of 2024.Mission Valley's board of directors declared a cash dividend of $0.15 per share on April 22, 2025. The dividend will be payable on or about June 2, 2025 to shareholders of record as of ...

Core Points - Blue Foundry Bancorp reported a net loss of $2.7 million for Q1 2025, consistent with the previous quarter and slightly improved from a loss of $2.8 million in Q1 2024 [1][6][35] - The company experienced a 27 basis points increase in net interest margin, reaching 2.16%, driven by improved yields on assets and reduced costs of liabilities [2][12] - Total loans increased by $42.2 million to $1.63 billion, with significant growth in commercial real estate and consumer loan portfolios [4][22] - Deposits rose by $43.9 million to $1.39 billion, with a notable increase in NOW and demand accounts [6][7][22] Financial Performance - Interest income for Q1 2025 was $22.7 million, a 4.3% increase from the previous quarter, while interest expense decreased by 2.8% to $12.0 million [6][12] - The provision for credit losses was $201 thousand, reflecting an increase in the commercial real estate portfolio [6][29] - Non-performing loans totaled $5.7 million, representing 0.35% of total loans, an increase from 0.33% in the previous quarter [29][36] Loan and Deposit Details - The consumer loan portfolio increased by $34.3 million, while the commercial real estate portfolio grew by $28.5 million [4][22] - Core deposits accounted for 47.6% of total deposits, slightly up from 47.3% at the end of 2024 [22] - Brokered deposits increased to $205 million, supplementing the reduction in retail time deposits [22] Capital and Asset Quality - Tangible book value per share increased to $14.81, while shareholders' equity decreased to $326.7 million due to share repurchases and year-to-date losses [2][22] - The allowance for credit losses on loans was 0.81%, with a coverage ratio of 229.81% for non-performing loans [29][36] - The company's capital ratios remain above the FDIC's "well capitalized" standards [23]

Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Amerant Bancorp Inc. and its officers or directors, following disappointing financial results for Q1 2025 that led to a significant drop in stock price [1][3]. Financial Performance - Amerant Bancorp reported GAAP earnings per share of $0.28 for Q1 2025, which was $0.12 below consensus estimates [3]. - The company's loans remained relatively flat quarter over quarter due to increased payoffs and paydowns offsetting new production [3]. - Following the earnings announcement, Amerant's stock price decreased by $2.55, or 13.09%, closing at $16.93 per share on April 24, 2025 [3].

Company Overview - Glacier Bancorp (NYSE: GBCI) operates primarily in the banking sector, focusing on Montana and Idaho [1] - The company holds a competitive advantage in the deposit market and accounts for approximately half of its total loans in these regions [1] Competitive Position - GBCI's strong presence in Montana and Idaho provides it with a significant market share in the banking sector [1] - The company's strategic focus on these areas enhances its competitive positioning against other financial institutions [1]

Core Viewpoint - A lawsuit has been filed against The Bancorp, Inc. and its senior executives for potential violations of federal securities laws, specifically regarding misrepresentation of risks associated with its loan portfolio [1][2]. 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 alleges violations under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, representing investors who purchased Bancorp stock [2]. Group 2: Company Background - 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 claims that Bancorp misrepresented the risks of default or loss on its REBL loan portfolio and that its credit loss methodology was inadequate [4]. - It is alleged that Bancorp's internal controls over financial reporting 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 the risks associated with Bancorp's REBL loans, the 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 issues with its Annual Report for the fiscal year ended December 31, 2024, causing a 4.4% drop in stock price from $53.59 to $51.25 [7].

Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit due to allegations of misrepresentation regarding the risks associated with its real estate bridge loans, leading to significant stock price declines and investor losses [1][3][7]. Group 1: Allegations and Financial Impact - Culper Research released a report on March 21, 2024, claiming that Bancorp understated risks of default and losses related to its real estate bridge loans, highlighting a portfolio filled with high-risk borrowers and properties in poor condition [3]. - Following the report, Bancorp's stock price dropped by $3.63 (10.15%) to close at $32.12 per share on March 21, 2024, amid heavy trading [4]. - On October 24, 2024, Bancorp reported Q3 2024 earnings of $51.5 million in net income, but attributed part of this to adjustments in credit loss provisions, which reduced net income by $1.5 million after taxes [5]. - The stock price fell by $7.95 (14.47%) to $47.01 per share on October 25, 2024, following the earnings report [6]. Group 2: Regulatory and Financial Reporting Issues - On March 4, 2025, Bancorp announced that its financial statements for 2022-2024 "should no longer be relied upon," indicating issues with auditor approval and the need for an internal review of loan accounting [7]. - The stock price declined by $2.34 (4.38%) to close at $51.25 per share on March 5, 2025, after this announcement [8].

Core Viewpoint - Farmers & Merchants Bancorp, Inc. reported strong financial results for the first quarter of 2025, highlighting improved profitability, revenue growth, and operational efficiency, driven by strategic priorities and effective execution by the team [2][11]. Financial Performance - Net income for Q1 2025 was $7.0 million, a 29.7% increase from $5.4 million in Q1 2024, with earnings per share rising to $0.51 from $0.39 [3][21]. - Total revenue increased by 16.7% year-over-year, while noninterest expense rose by 5.2%, leading to a 49.6% increase in pre-tax, pre-provision income [2][7]. Asset and Deposit Growth - Total deposits reached $2.70 billion, reflecting a 3.0% increase from $2.62 billion a year earlier [4][19]. - The company successfully optimized its deposit base, with a year-over-year decline of $19.5 million in more expensive time-account balances, while core deposits grew by $78.9 million [5][11]. Loan Portfolio and Quality - Total loans increased by 1.6% year-over-year to $2.58 billion, driven by growth in agricultural, commercial, and industrial loans [6][21]. - Nonperforming loans represented only 0.17% of total loans, maintaining strong asset quality [7][22]. Efficiency and Ratios - The net interest margin improved by 43 basis points year-over-year to 3.03%, with a cost of interest-bearing liabilities decreasing to 2.76% from 3.06% [2][21]. - The efficiency ratio improved to 66.79%, down from 74.08% in the previous year [7][21]. Stockholders' Equity and Dividends - Total stockholders' equity increased by 8.5% to $344.6 million, with a tangible book value per share of $19.17 [11][12]. - The company declared cash dividends of $0.22125 per share, a 0.6% increase from the same period last year, with a dividend payout ratio of 43.10% [13][21].

Core Viewpoint - Capital Bancorp, Inc. reported strong financial performance in the first quarter of 2025, with significant increases in net income, core net income, and growth in loans and deposits, driven by the successful integration of the IFH acquisition and a diversified earnings platform [3][5][10]. Financial Performance - Net income for 1Q 2025 was $13.9 million, or $0.82 per diluted share, compared to $7.5 million, or $0.45 per diluted share in 4Q 2024, and $6.6 million, or $0.47 per diluted share in 1Q 2024 [3][10]. - Core net income for 1Q 2025 was $14.9 million, or $0.88 per diluted share, down from $15.5 million, or $0.92 per diluted share in 4Q 2024 [3][10]. - Return on average assets (ROA) was 1.75%, and return on average equity (ROE) was 15.56% for 1Q 2025, showing significant improvement from previous quarters [6][25]. Growth Metrics - Gross loans increased by $48.2 million, or 7.4% (annualized), during 1Q 2025, with year-over-year growth of $713.9 million [6][18]. - Total deposits grew by $129.4 million, or 19.0% (annualized), from 4Q 2024, and increased by $885.6 million, or 44.2% year-over-year [6][23]. - Customer deposits increased by $154.6 million, or 25.8% (annualized) from 4Q 2024, and $738.5 million year-over-year [6][23]. Interest Income and Margin - Net interest income for 1Q 2025 was $46.0 million, an increase of $1.7 million, or 3.9% (not annualized), from 4Q 2024, and up $11.0 million, or 31.5% year-over-year [11][30]. - Net interest margin (NIM) was 6.05%, up 18 basis points from 4Q 2024, but down 19 basis points year-over-year [19][30]. Asset Quality and Credit Metrics - The allowance for credit losses (ACL) coverage ratio was 1.81% at March 31, 2025, down 4 basis points from 4Q 2024, but up 32 basis points year-over-year [21][22]. - Nonperforming assets increased to 1.21% of total assets at March 31, 2025, compared to 0.94% at December 31, 2024 [22][31]. Capital and Liquidity - Total assets reached $3.3 billion at March 31, 2025, an increase of $142.9 million, or 18.1% (annualized), from December 31, 2024 [16][42]. - The Common Equity Tier-1 capital ratio was 13.33% as of March 31, 2025, exceeding all regulatory capital requirements [16][42]. Dividend Declaration - The company declared a cash dividend of $0.10 per share, payable on May 28, 2025, to shareholders of record on May 12, 2025 [4].

Core Points - Mission Bancorp has extended its stock repurchase plan and approved a 5.00% stock dividend, reflecting the company's strong performance amid uncertainty [1][2] - The stock repurchase plan allows for a maximum of $3.0 million in common stock to be repurchased, with an extension through October 23, 2025 [2] - The 5.00% stock dividend will be issued on June 2, 2025, to shareholders of record as of May 19, 2025 [3] Company Overview - Mission Bancorp has $1.9 billion in assets and operates four wholly owned subsidiaries, including Mission Bank [4] - The company serves various regions in California through eight Business Banking Centers [4]