Great Southern Bancorp, Inc. Reports Preliminary Third Quarter Earnings of $1.56 Per Diluted Common Share
Globenewswire· 2025-10-15 22:00
Core Financial Performance - The company reported preliminary earnings of $1.56 per diluted common share for Q3 2025, an increase from $1.41 per diluted common share in Q3 2024, resulting in a net income of $17.8 million compared to $16.5 million in the previous year [1][5] - Annualized return on average common equity was 11.30% and return on average assets was 1.23% for Q3 2025, compared to 11.10% and 1.11% respectively for Q3 2024 [1] Net Interest Income - Net interest income increased by $2.8 million (5.8%) to $50.8 million in Q3 2025 from $48.0 million in Q3 2024, driven by lower interest expenses on deposits and borrowings [4][7] - The annualized net interest margin improved to 3.72% in Q3 2025 from 3.42% in Q3 2024 [4][6] Asset Quality - Non-performing assets decreased to $7.8 million (0.14% of total assets) at September 30, 2025, down from $9.6 million (0.16% of total assets) at December 31, 2024 [4][32] - The allowance for credit losses as a percentage of total loans was 1.43% at September 30, 2025, indicating adequate coverage for potential losses [31] Capital Position - The company's capital ratios remained strong, with a Tier 1 Leverage Ratio of 11.9% and a Common Equity Tier 1 Capital Ratio of 13.3% as of September 30, 2025 [16][18] - Total stockholders' equity increased to $632.9 million, representing 11.0% of total assets, with a book value of $56.18 per common share [18][21] Liquidity and Deposits - The company had secured borrowing lines of $1.11 billion at the Federal Home Loan Bank and $356.2 million at the Federal Reserve Bank as of September 30, 2025 [24][25] - Total deposits decreased by $156.1 million in Q3 2025, primarily due to a decline in brokered deposits [25][26] Loans - Total net loans decreased by $222.7 million (4.7%) from $4.69 billion at December 31, 2024, to $4.47 billion at September 30, 2025, mainly due to reductions in construction and residential loans [27][28] - The pipeline of unfunded loans remained strong, with significant amounts in construction loans [28] Non-Interest Income and Expense - Non-interest income increased slightly to $7.1 million in Q3 2025, supported by service fee income [13] - Non-interest expenses rose to $36.1 million, primarily due to higher legal and professional fees [14][17]
CORRECTION: Propanc Biopharma Announces Strategic Financing Agreement of up to $100 Million with Hexstone Capital
Globenewswire· 2025-10-15 21:45
Initial Conversion Price of $5.00 Per Share Representing a 280% Premium Over the Company’s Recent Closing Price of $1.78MELBOURNE, Australia, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Propanc Biopharma, Inc. ("Propanc" or the "Company") is pleased to announce it has entered into a strategic financing agreement of up to $100 million with Hexstone Capital LLC ("Hexstone"), a family office that has invested in a significant number of Digital Asset Treasury (DAT) companies across a range of digital assets including BTC ...
Strength is Still the Story at HOMB with Another Record Breaking Quarter
Globenewswire· 2025-10-15 21:15
Core Insights - Home BancShares, Inc. reported record net income of $123.6 million for Q3 2025, reflecting strong operational performance and effective management of expenses [3][6][17] - The company achieved a net income, as adjusted (non-GAAP), of $119.7 million, also a record high, indicating consistent profitability improvement [3][6][17] - The efficiency ratio for Q3 2025 was 40.21%, demonstrating effective cost management and operational efficiency [23] Financial Performance - Total revenue (net) for Q3 2025 was $277.7 million, up from $271.0 million in Q2 2025 [3] - Pre-tax, pre-provision, net income (PPNR) reached $162.8 million, reflecting strong earnings power [3][10] - Return on average assets (ROA) improved to 2.17% in Q3 2025, up from 2.08% in Q2 2025, showcasing efficient asset utilization [3][9] - Return on equity (ROE) was 11.91% for Q3 2025, an increase from 11.77% in Q2 2025 [3] Operational Highlights - Net interest margin (NIM) increased to 4.56% in Q3 2025 from 4.44% in Q2 2025, indicating improved profitability from interest-earning assets [3][19] - Non-interest income for Q3 2025 was $51.5 million, with significant contributions from various service charges and fees [22] - Non-performing loans to total loans decreased to 0.56% in Q3 2025 from 0.63% in Q2 2025, reflecting improved credit quality [27] Financial Condition - Total loans receivable reached a record $15.29 billion at September 30, 2025, up from $15.18 billion at June 30, 2025 [25] - Total deposits were $17.33 billion at September 30, 2025, down from $17.49 billion at June 30, 2025 [25] - Shareholders' equity increased to $4.21 billion at September 30, 2025, primarily due to an increase in retained earnings [32] Stock Repurchases and Dividends - The company repurchased 350,000 shares during Q3 2025, resulting in a shareholder buyback yield of 0.18% [34] - A cash dividend of $0.20 per share was paid during the quarter, consistent with the previous quarter [35]
Annovis Announces Closing of $6 Million Registered Direct Offering of Common Stock
Globenewswire· 2025-10-15 21:15
MALVERN, Pa., Oct. 15, 2025 (GLOBE NEWSWIRE) -- Annovis Bio, Inc. (NYSE: ANVS) (“Annovis” or the “Company”), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (AD) and Parkinson’s disease (PD), today announced the closing of its previously announced registered direct offering for the purchase of an aggregate of 4,000,000 shares of its common stock (or pre-funded warrants in lieu thereof) at a purchase price of $1.50 per ...
Highland Copper Completes Phase 1 Engineering and Announces Positive Results from Trade-Off Studies at Its Copperwood Project
Globenewswire· 2025-10-15 21:05
VANCOUVER, British Columbia, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Highland Copper Company Inc. (TSXV: HI; OTCQB: HDRSF) (“Highland” or the “Company”) has successfully completed Phase 1 detailed engineering (“Phase 1”) for its 100%-owned Copperwood Project in Michigan, USA. Phase 1 represented a comprehensive re-evaluation of the project, and in key areas, confirmation of overall project design. The work has delivered meaningful improvements to both the process plant and mine, strengthening the overall project, ...
Andrew Peller Ltd. Announces Timing of Q2 2026 Results & Conference Call
Globenewswire· 2025-10-15 21:04
Core Insights - Andrew Peller Limited will release its financial results for the three and six months ended September 30, 2025, on November 4, 2025, after market close [1] - A conference call to discuss these results is scheduled for November 5, 2025, at 10:00 a.m. (ET) [2] Company Overview - Andrew Peller Limited is a prominent producer and marketer of quality wines in Canada, operating wineries in British Columbia, Ontario, and Nova Scotia [3] - The company markets wines made from grapes sourced from Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, as well as vineyards globally [3]
WSP Announces Details for the Release of Its Q3 2025 Results
Globenewswire· 2025-10-15 21:00
MONTREAL, Oct. 15, 2025 (GLOBE NEWSWIRE) -- WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation"), one of the world's leading professional services firms, will release its 2025 third quarter results on November 5, 2025, after market close. A conference call and webcast will be held on November 6, 2025, at 8:00 a.m. (Eastern Time) to discuss the results. To participate in the conference call, please pre-register using this link. Registrants will receive a confirmation with dial-in details. A live webcast o ...
CAPREIT Announces October 2025 Distribution
Globenewswire· 2025-10-15 21:00
TORONTO, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Canadian Apartment Properties Real Estate Investment Trust (“CAPREIT”) (TSX: CAR.UN) announced today its October 2025 monthly distribution in the amount of $0.12917 per Unit (or $1.55 on an annualized basis). The October 2025 distribution will be payable on November 17, 2025 to Unitholders of record at the close of business on October 31, 2025. CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2025, CAPREIT owns approxim ...
Cytek® Biosciences Expands European Presence with New Facility in Amsterdam to Better Serve Customers and Drive Growth
Globenewswire· 2025-10-15 21:00
Cytek European Facility Cytek’s new facility in Amsterdam, The Netherlands, expands the company’s capacity to meet the growing demand for comprehensive cell analysis solutions. FREMONT, Calif., Oct. 15, 2025 (GLOBE NEWSWIRE) -- In a move that strengthens its European operations and enhances service for its customers, spectral flow cytometry leader Cytek Biosciences, Inc. (Nasdaq: CTKB) today announced the relocation of its European headquarters to a new facility in Amsterdam’s Life Sciences District. Th ...
Faraday Future Announces its FX Super One Middle East Launch Event will be Held in Dubai, UAE, on October 28, Ushering in a New Chapter of its Global “Third Pole” Strategy
Globenewswire· 2025-10-15 20:54
Faraday Future Announces its FX Super One Middle East Launch Event will be Held in Dubai, UAE, on October 28, Ushering in a New Chapter of its Global “Third Pole” Strategy Faraday Future Announces its FX Super One Middle East Launch Event will be Held in Dubai, UAE, on October 28, Ushering in a New Chapter of its Global “Third Pole” Strategy Targeting first batch of FX Super One deliveries in the UAE in November 2025. DUBAI, United Arab Emirates, Oct. 15, 2025 (GLOBE NEWSWIRE) -- Faraday Future Intellig ...