Second Quarter 2024 Highlights Sowers added, "We were very pleased to be recognized in the American Banker as one of the top performing banks in the country in our asset class. This recognition reinforces that through an outstanding, hard working and dedicated Team, you create satisfied Clients and Shareholders." Net income for the second quarter of 2024 of $7.8 million, compared to $7.9 million in the prior quarter and $15.5 million (GAAP basis), or $8.3 million(1) (as adjusted), in the second quarter of 2 ...

OAKDALE, Calif., July 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 June 30, 2024, consolidated net income was $5,889,000, or $0.71 per diluted share (EPS), as compared to $5,727,000, or $0.69 EPS, for the prior quarter and $8,404,000, or $1.02 EPS, for the same period a year ago. Cons ...

Net income was $44.7 million for the current quarter, an increase of $12.1 million, or 37 percent, from the prior quarter net income of $32.6 million and a decrease of $10.2 million, or 19 percent, from the prior year second quarter net income of $55.0 million. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 2.68 percent, an increase of 9 basis points from the prior quarter net interest margin of 2.59 percent. The loan portfolio of $16.852 bi ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at The Bancorp (TBBK) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main ...

INDIANA, Pa., July 18, 2024 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $34.4 million, or $0.89 per diluted share, for the second quarter of 2024 compared to net income of $31.2 million, or $0.81 per diluted share, for the first quarter of 2024 and net income of $34.5 million, or $0.89 per diluted share, for the second quarter of 2023. Second Quarter of 2024 Highlights: Solid return metrics with return on average assets (ROA) of 1.45%, re ...

Second Quarter 2024 Highlights Net income of $21.8 million, or $29.39 per share; up 4.85% on a per share basis from the second quarter of 2023; Achieved a return on average assets of 1.58% and a return on average equity of 15.33%; Solid liquidity position with $296.0 million in cash, $1.0 billion in investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of June 30, 2024; Continued growth in capital with a total risk-based capital ratio of 14.58%, common equity tier ...

DUNMORE, Pa., July 17, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Company's third quarter dividend of $0.38 per share. The dividend is payable September 10, 2024 to shareholders of record at the close of business on August 20, 2024. Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Bank's 21 f ...

FRESNO, Calif., July 17, 2024 (GLOBE NEWSWIRE) -- FFB Bancorp (the "Company") (OTCQX: FFBB), the parent company of FFB Bank (the "Bank"), today reported net income of $8.08 million, or $2.54 per diluted share, for the second quarter of 2024, compared to $9.42 million, or $2.97 per diluted share, for the second quarter of 2023, and increased 4% from $7.79 million, or $2.45 per diluted share for the first quarter of 2024. For the six months ended June 30, 2024, net income decreased 7% to $15.87 million, or $5 ...

U.S. Bancorp (USB) shares surged in intraday trading Wednesday after the bank holding company's secondquarter results beat analysts' expectations on the top and bottom lines. Do you have a news tip for Investopedia reporters? Please email us at U.S. Bancorp reported second-quarter earnings per share (EPS) of $0.97 on revenue of $6.87 billion, beating analysts' estimates. CEO Andy Cecere cited "improved linked quarter net interest income." Shares advanced 5% in intraday trading Wednesday. "This quarter we ge ...

CEO Andrew Cecere said on the conference call with analysts that "credit quality results were in line with our expectations as we saw stabilization in delinquency rates and a modest increase in NPAs [non performing assets." Stern also said on the call that "we continue to emphasize stickier relationship-based deposit generation. The pace of decline in non-interest bearing balances continued to slow this quarter," as the company was successful in "retaining and growing core operational relationships across t ...