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Summit State Bank Earns $818,000, or $0.12 Per Diluted Share, in Third Quarter 2025
Globenewswire· 2025-10-29 13:00
Core Insights - Summit State Bank reported a net income of $818,000, or $0.12 per diluted share for Q3 2025, an increase from $626,000, or $0.09 per diluted share in Q3 2024 [1][5][35] - The bank's operating performance was bolstered by higher net interest income and margin expansion, despite ongoing challenges with nonperforming assets [2][5] - The decision to suspend cash dividends for Q3 2025 aims to strengthen the bank's capital base and improve liquidity [2][5] Financial Performance - The annualized return on average assets was 0.32% and return on average equity was 3.25% for Q3 2025, compared to 0.23% and 2.48% respectively in Q3 2024 [4][35] - Net interest margin expanded by 80 basis points to 3.51% in Q3 2025 from 2.71% in Q3 2024 [5][35] - Non-performing assets decreased to $27,978,000 in Q3 2025 from $41,971,000 in Q3 2024 [5][17] Balance Sheet Highlights - Total assets were $1,006,522,000 as of September 30, 2025, down from $1,118,791,000 a year earlier [33][35] - Net loans held for investment decreased by 9% to $838,402,000 compared to $917,367,000 in Q3 2024 [12][35] - Total deposits fell by 11% to $888,784,000 from $1,002,770,000 in Q3 2024 [14][35] Credit Quality - Non-performing assets represented 2.78% of total assets as of September 30, 2025, a decrease from 3.75% a year earlier [17][40] - The allowance for credit losses to total loans held for investment was 1.65% as of September 30, 2025, compared to 1.66% a year earlier [19][40] - The bank recorded net charge-offs of $1,800,000 in Q3 2025, up from $492,000 in Q2 2025 [18][35] Operational Efficiency - Operating expenses decreased to $5,545,000 in Q3 2025 from $6,181,000 in Q3 2024, driven by reductions in commission expenses and employee benefits [11][35] - The efficiency ratio improved to 58.00% in Q3 2025 from 74.45% in Q3 2024 [35][40] - The bank continues to focus on streamlining operations and managing costs effectively [10]
NNIT A/S: NNIT restates its life science segment in its financial reporting structure
Globenewswire· 2025-10-29 13:00
Today, NNIT announces an update to its financial reporting structure to ensure that all Life Sciences customers are fully consolidated under Region Europe, US, and Asia. As a result, all Life Science customers previously reported under Region Denmark irrespective of the business activity will now be included in Region Europe’s profit and loss statement. Going forward, Region Denmark will consist solely of the Public segment and the Private segment, which includes SCALES. The restatement of the Life Sciences ...
Comscore’s 2025 State of Streaming Report Reveals Surging Growth of Both Ad-Supported Platforms and FAST Channels
Globenewswire· 2025-10-29 13:00
Core Insights - The 2025 State of Streaming report by Comscore indicates significant growth in ad-supported streaming services, with Netflix's ad-supported tier seeing a rise in household viewing from 34% to 45% year-over-year [3][4] - Total hours watched on major free ad-supported streaming services increased by 43% year-over-year, highlighting a robust demand for ad-supported content [2][3] - Connected TV (CTV) streaming reached 96.4 million households, with a 6% increase in total streaming hours to 13.9 billion [4][5] Consumer Behavior Trends - Consumers are increasingly favoring value, simplicity, and easy access to content, leading to the growth of FAST channels and ad-supported tiers [3][4] - Households are now spending nearly 5 hours per day streaming, integrating platforms like YouTube into their regular viewing habits [5] Market Dynamics - The average household is now engaging with content from 6.9 streaming services, indicating a trend towards a more mature streaming market [4] - The report emphasizes the blending of linear TV familiarity with the convenience of streaming as a key growth driver for FAST channels [3]
GoldHaven Advances Drilling at Copecal Gold Project; East Anomaly Phase Completed
Globenewswire· 2025-10-29 13:00
VANCOUVER, British Columbia, Oct. 29, 2025 (GLOBE NEWSWIRE) -- GoldHaven Resources Corp. (CSE: GOH | OTCQB: GHVNF | Frankfurt: 4QS) (“GoldHaven” or the “Company”) is pleased to provide an update on ongoing exploration activities at its 100%-owned Copeçal Project in Brazil, where the Company is advancing a 1,200-metre diamond drilling program designed to test key gold-in-soil and geophysical anomalies. Program Highlights Four diamond drill holes completed totaling ~420 metres at the East AnomalyFifth hole co ...
New Joint Venture Agreement with PayzliPlus
Globenewswire· 2025-10-29 13:00
LAS VEGAS, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Innovative Payment Solutions, Inc. (OTC: IPSI) (“IPSI” or the “Company”), a provider of merchant processing and cross-border digital payment solutions, today announced that it has entered into a Joint Venture with Brant Point Solutions LLC, doing business as PayzliPlus, a fintech and open-banking marketing company with a robust network of business relationships across multiple online sectors, including gaming, wagering, sports betting, and casinos. Under the term ...
Lite Strategy Announces $25M Share Repurchase Program, Signaling Shift From Initial Litecoin Accumulation to Active Capital Market Operations
Globenewswire· 2025-10-29 13:00
LITS Board of Directors Reaffirms Commitment to Driving Long-Term Stockholder ValueSAN DIEGO, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Lite Strategy, Inc. (NASDAQ: LITS) (“Lite Strategy” or “LITS”) today announced its Board of Directors has authorized a program to repurchase shares of the Company’s Common Stock, par value $0.00000002 per share (the “Common Stock”), up to an aggregate amount of $25 million. The share repurchase program is effective immediately, and provides for shares to be repurchased in the open ...
Super League Regains Full Compliance with Nasdaq Listing Requirements
Globenewswire· 2025-10-29 13:00
Core Insights - Super League has regained compliance with Nasdaq Listing Rule 5550(b) and is now in compliance with all applicable continued listing requirements [1][2] - The scheduled hearing before the Hearings Panel on November 11, 2025, has been canceled, allowing the company's ordinary shares to continue trading uninterrupted on Nasdaq under the ticker "SLE" [2] Company Overview - Super League is a leader in playable media, enabling brands to connect with consumers through playable ads and gamified content across various platforms including mobile, web, CTV, and social media [3] - The company utilizes proprietary technologies and an award-winning development studio to create impactful brand experiences in the attention-driven economy [3]
Awaysis Capital and Century 21 Belize to Present Flagship Resort and Residential Portfolio at the Canada International Property Show
Globenewswire· 2025-10-29 13:00
MIRAMAR, FL, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Awaysis Capital, Inc. (OTCMARKETS: AWCA), a real estate management and hospitality company redefining residential resort living in emerging lifestyle destinations, today announced its participation at the upcoming Canada International Property Show, in partnership with Century 21 Belize (“C21 Belize”), a global real estate franchise company. The Canada International Property Show will be taking place October 31–November 1, 2025, at The Convention Centre in Miss ...
Solana Company Announces Updated SOL Holdings and Industry Leading Staking Yield
Globenewswire· 2025-10-29 13:00
Core Insights - Solana Company has updated its holdings of Solana (SOL) tokens and cash as of October 29, 2025, reflecting its strategy to maximize SOL per share through disciplined asset management [1][2] Group 1: Holdings and Financials - As of October 29, the Company holds over 2.3 million SOL, an increase of approximately 1 million since the last update on October 6 [2] - The Company and its subsidiaries collectively hold more than $15 million in cash and stablecoins, which will be utilized to further its digital asset strategy [2] Group 2: Staking Performance - For October, the average gross staking yield was 7.03% APY, outperforming the stake-weighted average of the top 10 validators by approximately 36 basis points [3] - The staking yield generates consistent daily on-chain revenue while maintaining full liquidity and custody of the underlying assets [3] Group 3: Strategic Insights - The Company has increased its SOL holdings by roughly 5% in less than a month, with a gross staking yield exceeding 7% [4] - Institutional engagement with Solana Company has accelerated due to key network milestones and ecosystem developments, focusing on transparency and growth [4] Group 4: Market Position - Solana is recognized as one of the fastest-growing blockchain networks, processing over 3,500 transactions per second and maintaining approximately 3.7 million daily active wallets [4] - The network is a leader in transaction revenue and user adoption, offering an estimated 7% native staking yield, positioning SOL as a financially productive asset for long-term treasuries [4] Group 5: Company Overview - Solana Company, in partnership with Pantera Capital and Summer Capital, serves as a dedicated vehicle for institutional participation in the Solana ecosystem [5] - The Company's approach integrates capital markets access, on-chain management, and long-term staking to compound SOL-denominated returns [5]
UFP Technologies to Report Third Quarter 2025 Financial Results on November 3, 2025
Globenewswire· 2025-10-29 13:00
Core Viewpoint - UFP Technologies, Inc. is set to report its third-quarter results on November 3, 2025, and will hold a conference call on November 4, 2025, at 8:30 AM ET to discuss these results [1][2]. Company Overview - UFP Technologies, Inc. is a contract development and manufacturing organization specializing in single-use and single-patient medical devices [3]. - The company plays a crucial role in the medical device supply chain and serves as a valued outsourcing partner for leading medical device manufacturers [3]. - Its products are utilized in various medical applications, including minimally invasive surgery, infection prevention, wound care, wearables, orthopedic soft goods, and orthopedic implants [3].