Noninterest expense was $11.6 million for the quarter ended June 30, 2024, compared to $12.7 million for the quarter ended March 31, 2024, and $12.8 million for the quarter ended June 30, 2023. The decrease of $1.1 million, or 9.0%, compared to the prior quarter was primarily due to an $852,000, or 10.5%, decrease in salaries and employee benefits and a decrease in professional fees of $330,000, or 25.1%. The decrease in noninterest expense of $1.2 million, or 9.1%, from the prior year quarter, was primaril ...

"Results for the second quarter demonstrate our success in serving customers while also increasing shareholder value in any interest rate environment. Loan growth continued as we reached a new record of $18.2 billion in assets and we also achieved a record-high tangible book value of $31.27 per share, which reflected a 30% increase over the prior year. Our originate-to-sell business model that minimizes interest rate risk has proven to be successful, and our priorities remain unchanged. We have also focused ...

Earnings per share diluted$0.16 Nominal and tangible book value per share$11.97 Member FDIC / Equal Opportunity Lender / SBA Preferred Lender "The combined effects of continued growth in loan portfolio, repricing of cash flows, and interest rate hedges are beginning to provide the net interest margin and profitability benefits as anticipated," said President and Chief Executive Officer Sam Jimenez. "Separately, I want to highlight and acknowledge the professionalism and commitment of the 1st Capital team wh ...

Introduction U.S. Bancorp Earnings Results Net Interest Income $5,000 100% $4,500 90% $4,000 80% 70% $3,500 $3,000 60% $2,500 50% $2,000 40% $1,500 30% $1,000 20% $500 10% $0 0% Q1 19 -NII I NII% pandemic levels as the bank has been able to put its assets to work, eaming more income. Asset and Borrowing Yields 6% 5% 4% 3% 2% 1% 0% Q3 19 Q1 20 Q3 20 Q1 21 Q1 22 Q1 19 Q3 22 Q3 23 Q1 24 Q3 21 Q1 23 Asset Yield Borrowing Yield Bank Financials On the balance sheet side, loan growth edged up marginally for the se ...

E t H 417 H I t E New York Community Bancorp (NYSE:NYCB) made news earlier this year when it was forced to raise equity and cut its dividend due to problems creeping up in its commecial loan book. The regional lender's second-quarter results showed pressure on net income as well as continually unfavorable credit teends, including in the multi-family business. However, the bank is making progress in selling non-strategic assets in order to reorganize its business and improve its liquidity position. NYCB is a ...

In its diversity, TBBK is performing very well this year (+35% YTD) and is poised to record new all-time highs. KEY FINANCIAL METRICS | --- | --- | --- | --- | --- | --- | --- | |-------------------|------------------|-------|-------|-------|-------|------------------------------------------| | | | | | | | | | GROWTH | REVENUE GROWTH ' | 13% | 12% | 31% | 7% | Capitalized on interest rate environment | | PROFITABILITY | ROE | 18% | 19% | 26% | 28% | Increasing levels | | | roa | 1.7% | 1.8% | 2.6% | 2.9% | ...

HONOLULU, Hawaii, July 26, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) (the Company), headquartered in Honolulu, Hawaii, the holding company parent of Territorial Savings Bank, announced a net loss of $775,000, or $(0.09) per diluted share, for the three months ended June 30, 2024. As previously announced in a joint news release issued April 29, 2024, Hope Bancorp, Inc. (NASDAQ: HOPE) (Hope Bancorp) and the Company signed a definitive merger agreement. Under the terms of the merger agre ...

The decrease in net income for the three months ended June 30, 2024, compared to the same period in 2023, resulted from a decrease in net interest income of $1.1 million, or 20.0%, partially offset by a decrease in noninterest expense of $207,000, or 4.9%, a decrease in provision for income taxes of $157,000, or 45.8%, a decrease in the provision of credit losses of $105,000, or 70.0%, and an increase in non-interest income of $2,000, or 0.4%, The decrease in net interest income for the three months ended J ...

Click here for more information https://monteverdelaw.com/case/traditions-bancorp-inc/. It is free and there is no cost or obligation to you. 1. Do you file class actions and go to Court? 2. When was the last time you recovered money for shareholders? 3. What cases did you recover money in and how much? No company, director or officer is above the law. If you own common stock in any of the above listed companies and have concerns or wish to obtain additional information free of charge, please visit our webs ...

GLEN BURNIE, Md., July 26, 2024 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp ("Bancorp") (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie ("Bank"), announced today a net loss of $204,000, or $0.07 per basic and diluted common share for the three-month period ended June 30, 2024, compared to net income of $276,000, or $0.10 per basic and diluted common share for the three-month period ended June 30, 2023. Bancorp reported a net loss of $201,000, or $0.07 per basic and diluted common share for ...