The bank has made some big moves since its sharp sell-off earlier this year. With the Federal Reserve cutting interest rates, is now the time to buy? Last month, the Federal Reserve reduced its benchmark interest rate by 50 basis points. It was the Fed's first interest rate cut since the pandemic hit in 2020, and it's a welcome relief to some of the more interest ratesensitive companies. New York Community Bancorp (NYCB 7.58%) is one bank welcoming those rate cuts. The bank has faced significant struggles t ...

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Wall Street expects a year-over-year decline in earnings on higher revenues when Fifth Third Bancorp (FITB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 18, 2024, might help the stock move higher if these key numbers are bet ...

CLINTON, N.J., Oct. 11, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $10.9 million, or $1.07 per diluted share, for the quarter ended September 30, 2024, compared to net income of $9.5 million, or $0.93 per diluted share for the quarter ended June 30, 2024. This represents a 15.3% increase in net income and a 15.1% increase in net income per diluted share. For the nine months ended September 30, 2024, Unity Bancorp reported net income of $ ...

RUSTON, La., Oct. 10, 2024 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) ("Origin"), the financial holding company for Origin Bank, plans to issue third quarter 2024 results after the market closes on Wednesday, October 23, 2024, and hold a conference call to discuss such results on Thursday, October 24, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time). The conference call will be hosted by Drake Mills, Chairman, President and CEO of Origin, William J. Wallace, IV, Chief Financial Officer of ...

ENGLEWOOD CLIFFS, N.J., Oct. 10, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bancorp, Inc. (Nasdaq: CNOB) (the "Company" or "ConnectOne"), parent company of ConnectOne Bank (the "Bank"), today announced that it plans to release results for the third quarter ended September 30, 2024, before the market opens on Thursday, October 24, 2024. Management will also host a conference call and audio webcast at 10:00 a.m. ET on October 24, 2024, to review the Company's financial performance and operating results. Chairman and ...

BETHESDA, Md., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (the "Company") (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, today announced that it will host a teleconference call for the financial community on October 24, 2024, at 10:00 a.m. (EDT). On this call, Eagle Bancorp Inc.'s Chief Executive Officer Susan Riel and Chief Financial Officer Eric Newell will discuss earnings for the third quarter 2024 financial re ...

For Immediate Release Chicago, IL – October 9, 2024 – Today, Zacks Equity Research JPMorgan Chase & Co. (JPM) , U.S. Bancorp (USB) , Truist Financial Corp. (TFC) and The Bank of New York Mellon Corp. (BK) . Industry: Major Regional Banks Link: https://www.zacks.com/commentary/2347325/4-major-regional-bank-stocks-to-watch-as-fed-cutsinterest-rates The Zacks Major Regional Banks will benefit from the Federal Reserve's interest rate cuts as the deposit/funding costs come down and the industry-wide lending back ...

EVANSVILLE, Ind., Oct. 08, 2024 (GLOBE NEWSWIRE) -- (NASDAQ: ONB) – Old National Bancorp ("Old National"), the holding company of Old National Bank, today announced the following schedule for its third-quarter 2024 earnings release and conference call: | --- | --- | |--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | Earnings Release: | Tuesda ...

U.S. Bancorp (USB) is scheduled to report third-quarter 2024 results on Oct. 16, before the opening bell. The company is expected to have witnessed year-over-year declines in quarterly revenues and earnings. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, USB's earnings surpassed the Zacks Consensus Estimate on a rise in non-interest income and lower expenses. However, a decline in net interest income (NII) was a major headwind. U.S. Bancorp has a dece ...