OAKDALE, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) -- Oak Valley Bancorp (NASDAQ: OVLY) (the "Company"), the bank holding company for Oak Valley Community Bank and their Eastern Sierra Community Bank division, recently reported unaudited consolidated financial results. For the three months ended September 30, 2024, consolidated net income was $7,324,000, or $0.89 per diluted share (EPS), as compared to $5,889,000, or $0.71 EPS, for the prior quarter and $7,354,000, or $0.89 EPS, for the same period a year ago. ...

CHINO, Calif., Oct. 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Chino Commercial Bancorp (OTC: CCBC), the parent company of Chino Commercial Bank, N.A., announced the results of operations for the Bank and the consolidated holding company for the third quarter ended September 30, 2024. Net earnings year-to-date increased by 0.90% or by $33.2 thousand, to $3.74 million, as compared to $3.71 million for the same period last year. Year-to-date net earnings per share was $1.17 for the period ending S ...

For the quarter ended September 2024, Fifth Third Bancorp (FITB) reported revenue of $2.13 billion, down 1% over the same period last year. EPS came in at $0.85, compared to $0.92 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $2.16 billion, representing a surprise of -1.07%. The company delivered an EPS surprise of +3.66%, with the consensus EPS estimate being $0.82. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

Fifth Third Bancorp (FITB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.92 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.66%. A quarter ago, it was expected that this company would post earnings of $0.84 per share when it actually produced earnings of $0.86, delivering a surprise of 2.38%. Over the last four quarters, the comp ...

BAYONNE, N.J., Oct. 18, 2024 (GLOBE NEWSWIRE) -- BCB Bancorp, Inc. (the "Company"), (NASDAQ: BCBP), the holding company for BCB Community Bank (the "Bank"), today reported net income of $6.7 million for the third quarter of 2024, compared to $2.8 million in the second quarter of 2024, and $6.7 million for the third quarter of 2023. Earnings per diluted share for the third quarter of 2024 were $0.36, compared to $0.14 in the preceding quarter and $0.39 in the third quarter of 2023. The Company also announced ...

I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea. Analyst's ...

INDIANA, Pa., Oct. 17, 2024 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $32.6 million, or $0.85 per diluted share, for the third quarter of 2024 compared to net income of $34.4 million, or $0.89 per diluted share, for the second quarter of 2024 and net income of $33.5 million, or $0.87 per diluted share, for the third quarter of 2023. Third Quarter of 2024 Highlights: Solid return metrics with return on average assets (ROA) of 1.35%, retu ...

Financial Performance - The company reported record net income of $22.1 million, or $29.96 per diluted common share for Q3 2024, representing a 2.50% increase on a per share basis compared to Q3 2023 [2][24] - Annualized return on average assets was 1.65% and return on average equity was 15.03% for Q3 2024, with a decrease in return on average equity primarily due to a $72.1 million increase in total shareholders' equity [2][4] - Net income over the trailing twelve months was $88.0 million, up 3.79% from $86.9 million a year earlier, with earnings per share totaling $118.46 [3][4] Liquidity and Capital - The company maintained a solid liquidity position with $1.5 billion in cash and investment securities and a borrowing capacity of $2.1 billion, with no outstanding borrowings as of September 30, 2024 [4][10] - Total risk-based capital ratio was 14.95%, common equity tier 1 ratio was 13.47%, and tier 1 capital ratio was 13.70%, all exceeding regulatory requirements for "well-capitalized" banks [10][26] - Tangible common equity ratio increased to 10.91% as of September 30, 2024, up 127 basis points from the previous year [10][26] Credit Quality - Credit quality remained strong with only $677,000 in non-accrual loans and a minimal delinquency ratio of 0.21% of total loans as of September 30, 2024 [9][10] - The allowance for credit losses was $78.5 million, or 2.11% of total loans, indicating a stable credit environment despite some stress in the agricultural sector [9][10] Balance Sheet - Total assets were $5.4 billion as of September 30, 2024, consistent with the previous year, while total loans and leases outstanding increased by $146.9 million, or 4.13% [8][24] - Total deposits remained stable at $4.7 billion, with a loan-to-deposit ratio of 78.9% as of September 30, 2024, compared to 75.1% a year earlier [8][24] Recognition and Awards - The company was recognized as the 2 best performing bank in the nation across all asset categories by Bank Director's Magazine for 2023, following a 1 ranking in 2022 [14][15] - F&M Bank was also ranked 6th on Forbes Magazine's list of "America's Best Banks" in 2023, highlighting its strong financial performance [15]

SHREVEPORT, La., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Home Federal Bancorp, Inc. of Louisiana (the "Company") (NASDAQ: HFBL), the holding company for Home Federal Bank, announced today that its Board of Directors at their meeting on October 16, 2024, declared a quarterly cash dividend of $0.13 per share on the Company's common stock. The dividend is payable on November 11, 2024, to the shareholders of record at the close of business on October 28, 2024. Home Federal Bancorp, Inc. of Louisiana is the holding co ...

Retirement of Founding Director Thomas N. Griffin Appointment of Wayne Doiguchi as Director SANTA CRUZ, Calif., Oct. 16, 2024 /PRNewswire/ -- West Coast Community Bancorp ("Bancorp" OTCQX: SCZC), parent company of Santa Cruz County Bank ("the Bank"), today announced that Thomas N. Griffin, a founding director of the Bank, has retired from the Board of Directors of Bancorp and Bank, effective September 30, 2024, and Wayne Doiguchi has been appointed to the Board of Directors of Bancorp and Bank. Thomas N. Gr ...