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 ...

FRESNO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- FFB Bancorp (the "Company") (OTCQX: FFBB) the parent company of FFB Bank (the "Bank") today reported net income of $8.56 million, or $2.69 per diluted share, for the third quarter of 2024, an increase of 6% from the $8.08 million, or $2.54 per diluted share, reported for the second quarter of 2024. The Bank reported $8.87 million, or $2.79 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $24.43 mi ...

U.S. Bancorp's (USB) third-quarter 2024 adjusted earnings per share (excluding the impacts of notable items) of $1.03 beat the Zacks Consensus Estimate by 3%. However, the bottom line decreased 1.9% from the prioryear quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. USB shares have gained 2.1% in the early market trading session on better-than-anticipated earnings. A full day's trading will depict a better picture. Results have benefited from lower expenses. Also, a ...

US Bancorp's latest quarter showed continued growth in card balances, resilience in what it has termed its "differentiated business model" and credit quality metrics that were in line with expectations. CEO Andrew Cecere said on the conference call with analysts that the company experienced "good momentum across several fee business initiatives," and added that net charge-off ratios and late stage delinquency metrics "were all relatively stable compared with the second quarter levels." Drilling down a bit, ...

Key Takeaways U.S. Bancorp's net interest income (NII) increased from the previous quarter and exceeded analysts' expectations. The higher NII helped lift the bank's third-quarter profit above estimates. U.S. Bancorp also increased the money it set aside to cover credit losses by 8.2%. U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income. The bank reported third-quarter earnings per share (EPS) of $1.03, $0.04 more than estimates of analysts s ...

RENO, Nev., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2024 of $7.8 million or $1.33 per share, a decrease of $140 thousand from $8.0 million or $1.36 per share during the third quarter of 2023. Diluted earnings per share decreased to $1.31 per share during the three months ended September 30, 2024 down from $1.34 per share during the quarter ended September 30, 2023. An increase of $1.1 million in n ...

No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai'i Time HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) ("Territor ...

Wall Street analysts forecast that Fifth Third Bancorp (FITB) will report quarterly earnings of $0.82 per share in its upcoming release, pointing to a year-over-year decline of 10.9%. It is anticipated that revenues will amount to $2.16 billion, exhibiting an increase of 0.1% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their init ...