Income Statement Net interest income was $71.4 million for the second quarter 2024, compared to $74.7 million for the prior quarter. The decrease in net interest income was primarily driven by a decrease in the average balances of deposits held with other banks offset by lower average interest bearing liabilities with a higher rate during the second quarter as compared to the first quarter. Provision for credit losses was $9.0 million for the second quarter 2024, compared to $35.2 million for the prior quar ...

MICHIGAN CITY, Ind., July 24, 2024 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. ("Horizon" or the "Company"), the parent company of Horizon Bank (the "Bank"), announced its unaudited financial results for the three and six months ended June 30, 2024. Second Quarter 2024 Highlights Deposits totaled $5.6 billion at period end, increasing by 0.9% during the quarter. Non-interest bearing deposit balances at June 30, 2024 were relatively consistent with balances at March 31, 2024. "We are proud ...

Net Income of $16.4 million, EPS of $0.18 Paul Perrault, Chairman and Chief Executive Officer commented, "I am pleased to report our second quarter earnings. We experienced solid loan and deposit growth across our three banks in the quarter. I would like to recognize our bankers for their diligence in providing extraordinary service to our clients." Mr. Perrault continued, "While the margin pressure we and the rest of the banking industry experienced in the first quarter persisted in the second quarter, thi ...

Richard H. Moore, CEO and Chairman of the Company, stated, "Our company had strong performance in the second quarter with expanded net interest margin, improved liquidity and increases in all capital levels. We enhanced our funding position with growth in customer deposits and reductions of borrowings and brokered deposits. We also improved our asset yields during the quarter which contributed to the increase in NIM and will benefit us into the future. Our credit quality remains strong with historically low ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|-------|-------|-------------|---------------|-------|---------------|-------|---------------|-------| | Goodwill | 22,395 | | | 22,395 | 22,395 | | 22,395 | | 22,395 | | | Other intangible assets | 2,555 | | | 2,911 | 3,272 | | 3,636 | | 4,015 | | | Other assets | 44 ...

Earnings Summary for the Quarter Ended June 30, 2024 Net interest income was $13.2 million for the quarter ended June 30, 2024, a decrease of $0.3 million, or 1.9%, versus the comparable 2023 quarter due to compression of the Company's net interest margin to 2.46% in the 2024 quarter from 2.68% in the comparable 2023 quarter. The yield on interest earning assets increased to 6.22% in the 2024 quarter from 5.65% in the comparable 2023 quarter, an increase of 57 basis points that was offset by a 96 basis poin ...

NEW YORK, July 24, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Traditions Bancorp, Inc. (OTC: TRBK), relating to its proposed merger with ACNB Corporation. Under the terms of the agreement, Traditions Bancorp shareholders will receive 0.7300 shares o ...

HOQUIAM, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ:TSBK) ("Timberland" or "the Company"), the holding company for Timberland Bank (the "Bank"), today reported net income of $5.92 million, or $0.74 per diluted common share, for the quarter ended June 30, 2024. This compares to net income of $5.71 million, or $0.70 per diluted common share, for the preceding quarter and $6.31 million, or $0.77 per diluted common share, for the comparable quarter one year ago. "We are pleased wi ...

2024 Second Quarter Highlights MOUNTLAKE TERRACE, Wash., July 23, 2024 (GLOBE NEWSWIRE) -- FS Bancorp, Inc. (NASDAQ: FSBW) (the "Company"), the holding company for 1st Security Bank of Washington (the "Bank" or "1st Security Bank") today reported 2024 second quarter net income of $9.0 million, or $1.13 per diluted share, compared to $9.1 million, or $1.16 per diluted share, for the comparable quarter one year ago. For the six months ended June 30, 2024, net income was $17.4 million, or $2.20 per diluted sha ...

Zions Bancorp ZION posted better-than-expected quarterly results on Monday. Zions Bancorp reported quarterly sales of $776.000 million which beat the analyst consensus estimate of $759.379 million. This is a 0.51% decrease over sales of $780.000 million the same period last year. GAAP EPS came in at $1.28 topping market expectations of $1.09 per share, according to data from Benzinga Pro. Harris H. Simmons, Chairman and CEO of Zions Bancorporation, commented, "Second quarter results demonstrated continued i ...