U.S. Bancorp’s (USB) fourth-quarter 2024 adjusted earnings per share (excluding the impacts of notable items) of $1.07 beat the Zacks Consensus Estimate of $1.06 per share. However, the bottom line increased 8.1% from the prior-year quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.Results have benefited from lower expenses and higher non-interest income. Also, a rise in net interest income (NII) and strong capital position were tailwinds. However, weak asset quality wa ...

Customers Bancorp, Inc. Is Being Sued For Securities Law Violations And Affected Shareholders Are Urged To Contact The Schall Law Firm ...

The Bancorp (TBBK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the st ...

U.S. Bancorp surpassed earnings expectations for Q4 2024, but faces ongoing economic challenges and regulatory uncertainties.Regional banking leader U.S. Bancorp (USB -6.84%) reported fourth-quarter 2024 earnings on Thursday, Jan. 16, that showed a modest outperformance of Wall Street consensus expectations. Earnings per share (EPS) of $1.07 beat analysts' expectations of $1.05. Revenue also slightly exceeded projections at $7.01 billion against the $7 billion forecast. The quarter was marked by strong net ...

NEW YORK, Jan. 16, 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=123041&from=4 CLASS PERIOD: March 1, ...

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BETHESDA, Md., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle”) announced today that as of 5:00 p.m., New York City time, on January 14, 2025 (the “Expiration Date”), $73.5 million in aggregate principal amount of outstanding 10.00% Senior Notes due 2029 (CUSIPs: 268948 AC0 and 268948 AD8) (the “Original Notes”) representing approximately 95% of the $77.7 million total outstanding principal amount of the Original Notes, were validly tendered and not validly withdrawn in connect ...

The upcoming report from Fifth Third Bancorp (FITB) is expected to reveal quarterly earnings of $0.87 per share, indicating a decline of 12.1% compared to the year-ago period. Analysts forecast revenues of $2.21 billion, representing an increase of 2.4% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to ...

The upcoming acquisition of Bank of Idaho ( OTCQX:BOID ) will drive up the earnings of Glacier Bancorp, Inc. (NYSE: GBCI ) this year. The acquisition will also boost the net interest margin, as BOID has aAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seek ...

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]