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First Commonwealth Announces Third Quarter 2025 Earnings; Declares Quarterly Dividend
Globenewswire· 2025-10-28 21:00
Financial Summary - First Commonwealth Financial Corporation reported a GAAP net income of $41.3 million for Q3 2025, an increase of $7.9 million from Q2 2025 and $9.2 million from Q3 2024 [4][8] - Diluted earnings per share (EPS) for Q3 2025 was $0.39, up from $0.32 in Q2 2025 and $0.31 in Q3 2024 [4][8] - Core net income was $41.2 million, representing a $1.7 million increase from the previous quarter and a $9.2 million increase from the same quarter last year [4][8] - Core diluted EPS was also $0.39, compared to $0.38 in Q2 2025 and $0.31 in Q3 2024 [4][8] Profitability - The return on average assets (ROA) increased to 1.34% in Q3 2025, up from 1.11% in Q2 2025 [4][10] - The return on average equity (ROE) improved to 10.71% from 8.97% in the previous quarter [4][10] - The core efficiency ratio improved to 52.30%, down from 54.06% in Q2 2025 [4][21] Asset Quality - The provision for credit losses was $11.3 million, an increase of $2.4 million from the previous quarter [10][14] - Nonperforming loans decreased to $88.7 million, down $10.8 million from the previous quarter [15][16] - Net charge-offs totaled $12.2 million, an increase from $2.8 million in the previous quarter [17][18] Net Interest Income and Margin - Net interest income (FTE) for Q3 2025 was $111.5 million, an increase of $4.9 million from Q2 2025 [11][12] - The net interest margin expanded to 3.92%, up 9 basis points from the previous quarter [12][10] - Total average deposits grew by $102.7 million, or 4.0% annualized, compared to the previous quarter [12][10] Dividends and Capital - The company declared a quarterly cash dividend of $0.135 per share, a 3.9% increase from Q3 2024 [23] - Total shareholder's equity increased by $24.1 million from the previous quarter [10][24] - The Bank-level Total Capital ratio was 13.4%, exceeding the regulatory "well capitalized" requirement of 10.0% [10][24]
DIRTT to Announce Third Quarter 2025 Financial Results on November 5, 2025
Globenewswire· 2025-10-28 21:00
CALGARY, Alberta, Oct. 28, 2025 (GLOBE NEWSWIRE) -- DIRTT Environmental Solutions Ltd. (“DIRTT”, the “Company”, “we”, “our”, “us” or “ours”) (TSX: DRT; OTCQX: DRTTF), a leader in industrialized construction, announced today that it will release its third quarter 2025 financial results on Wednesday, November 5, 2025, after markets close. Webcast Information:In conjunction with the release, the executive team has scheduled a conference call to discuss the company’s results. The call will be broadcast live via ...
BellRing Brands Announces Timing of Fiscal Fourth Quarter and Fiscal Year 2025 Earnings Release and Conference Call
Globenewswire· 2025-10-28 21:00
Core Insights - BellRing Brands, Inc. will release its financial results for Q4 and fiscal year 2025 on November 18, 2025, at 7:00 a.m. ET, followed by a conference call at 8:30 a.m. ET [1] - The conference call will feature Darcy H. Davenport, President and CEO, and Paul A. Rode, CFO, discussing the results and outlook [1] Company Overview - BellRing Brands, Inc. is a fast-growing consumer brands business focused on the convenient nutrition category, with brands including Premier Protein and Dymatize [3] - Premier Protein is recognized as the 1 ready-to-drink protein and convenient nutrition brand, while Dymatize is known for the 1 hydrolyzed protein powder [3] - The company distributes its products in over 90 countries across various channels, including club, mass, food, eCommerce, specialty, drug, and convenience [3]
Toll Brothers Announces Model Grand Opening at Chevy Chase Crossing in Chevy Chase, Maryland
Globenewswire· 2025-10-28 20:56
Model Grand Opening Event this Saturday, Nov. 1 will showcase new luxury townhomes offering modern designs and unmatched convenience just minutes from Washington, D.C.CHEVY CHASE, Md., Oct. 28, 2025 (GLOBE NEWSWIRE) -- Toll Brothers, Inc. (NYSE:TOL), the nation's leading builder of luxury homes, today announced the grand opening of its new model homes at Chevy Chase Crossing, a luxury townhome community in Chevy Chase, Maryland. The public is invited to a Grand Opening Event at the community to tour the new ...
Insight Digital Partners II Announces Pricing of $150 Million Initial Public Offering
Globenewswire· 2025-10-28 20:55
Group 1 - The company, Insight Digital Partners II, has announced the pricing of its initial public offering (IPO) of 15,000,000 units at a price of $10.00 per unit, expected to trade on Nasdaq under the ticker symbol "DYORU" starting October 29, 2025 [1] - Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share [1] - The offering is expected to close on October 30, 2025, and the company has granted underwriters a 45-day option to purchase an additional 2,250,000 units to cover over-allotments [3] Group 2 - Insight Digital Partners II is a blank check company formed to effect a merger or similar business combination, targeting high-growth sectors within the digital economy, including infrastructure for stablecoins, digital payments, and high-performance computing [2] - The company aims to pursue opportunities in sectors that are expected to have a significant impact on the digital economy, focusing on innovative energy solutions that support these advancements [2] Group 3 - Cohen & Company Capital Markets is acting as the sole book-running manager for the offering, and the offering is being made only by means of a prospectus [3][5] - A registration statement relating to these securities was filed with the SEC and became effective, allowing the company to proceed with the IPO [4]
Sound Financial Bancorp, Inc. Q3 2025 Results
Globenewswire· 2025-10-28 20:54
Core Insights - Sound Financial Bancorp reported a net income of $1.7 million for Q3 2025, a decrease from $2.1 million in Q2 2025 and an increase from $1.2 million in Q3 2024, with diluted earnings per share of $0.66 [1] - The Board of Directors declared a cash dividend of $0.19 per share, payable on November 21, 2025 [1] Financial Performance - Total assets increased by $1.9 million or 0.2% to $1.06 billion at September 30, 2025, but decreased by $40.8 million or 3.7% from $1.10 billion at September 30, 2024 [5] - Loans held-for-portfolio increased by $5.4 million or 0.6% to $909.7 million at September 30, 2025, compared to $901.7 million at September 30, 2024 [5][35] - Total deposits decreased by $516 thousand or 0.1% to $898.9 million at September 30, 2025, and decreased by $31.3 million or 3.4% from $930.2 million at September 30, 2024 [6][40] Interest Income and Expenses - Net interest income decreased by $315 thousand or 3.4% to $8.9 million for Q3 2025, but increased by $1.1 million or 13.6% from $7.9 million in Q3 2024 [7][12] - The net interest margin was 3.48% for Q3 2025, down from 3.67% in Q2 2025 and up from 2.98% in Q3 2024 [8] - Interest expense increased by $52 thousand or 0.9% to $5.7 million for Q3 2025, compared to Q2 2025 [16] Credit Quality - Total nonperforming loans decreased by $649 thousand or 19.3% to $2.7 million at September 30, 2025, compared to the previous quarter [7] - A provision for credit losses of $55 thousand was recorded for Q3 2025, down from $170 thousand in Q2 2025 [9][17] - The allowance for credit losses on loans to total loans outstanding was 0.94% at September 30, 2025, compared to 0.95% at September 30, 2024 [9][37] Noninterest Income and Expenses - Total noninterest income decreased by $239 thousand or 21.3% to $881 thousand for Q3 2025, compared to Q2 2025 [10][24] - Noninterest expense remained stable at $7.7 million for Q3 2025, with slight fluctuations in specific categories [28][30] Capital Management - Stockholders' equity totaled $107.5 million at September 30, 2025, an increase of $1.4 million or 1.4% from the previous quarter [42] - The company maintained capital levels in excess of regulatory requirements and was categorized as "well-capitalized" at September 30, 2025 [11]
Ultragenyx to Host Conference Call for Third Quarter 2025 Financial Results and Corporate Update
Globenewswire· 2025-10-28 20:30
Core Insights - Ultragenyx Pharmaceutical Inc. will host a conference call on November 4, 2025, to discuss its financial results and corporate updates for Q3 2025 [1] - The call will be accessible via the company's website, with a replay available for three months [2] Company Overview - Ultragenyx is a biopharmaceutical company focused on developing and commercializing novel products for serious rare and ultra-rare genetic diseases [3] - The company has a diverse portfolio of approved therapies and product candidates targeting diseases with high unmet medical needs [3] - Ultragenyx's management team has extensive experience in the development and commercialization of therapeutics for rare diseases [4] - The company's strategy emphasizes time- and cost-efficient drug development to deliver safe and effective therapies urgently [4]
Akebia Therapeutics Provides Update on Vafseo for Non-Dialysis Patients
Globenewswire· 2025-10-28 20:30
Core Viewpoint - Akebia Therapeutics does not plan to initiate the VALOR clinical trial for vadadustat to treat anemia in patients with late-stage chronic kidney disease (CKD) not on dialysis, following feedback from the U.S. FDA indicating a need for a larger patient population and increased time and costs for the trial [1][2][3] Company Overview - Akebia Therapeutics, Inc. is a biopharmaceutical company focused on improving the lives of individuals affected by kidney disease, founded in 2007 and headquartered in Cambridge, Massachusetts [4] Product Information - Vafseo® (vadadustat) is an oral hypoxia-inducible factor prolyl hydroxylase inhibitor approved for treating anemia due to CKD in adults who have been on dialysis for at least three months, with approval in 37 countries [5] Regulatory Feedback - The FDA's feedback from the Type C meeting suggests that regulatory alignment for the VALOR trial would necessitate a significantly larger patient cohort than initially proposed, leading to increased time and costs [2][3] Future Directions - Despite the setback with the VALOR trial, the company remains committed to addressing the unmet need for oral anemia treatment in CKD patients not on dialysis and is exploring potential clinical trial designs for smaller subgroups of CKD patients [3]
SS Innovations Reports Third Quarter 2025 Financial Results
Globenewswire· 2025-10-28 20:30
Core Insights - SS Innovations International, Inc. reported a significant revenue increase of 192.5% year-over-year, reaching $12.8 million in Q3 2025, primarily driven by higher sales of the SSi Mantra 3 surgical robotic system [1][6][11] Financial Performance - Q3 2025 revenue rose to $12.8 million from $4.4 million in Q3 2024, with a gross profit increase of 166.0% to $6.2 million [6][11] - Gross margin for Q3 2025 was 48.1%, down from 52.8% in Q3 2024 [6] - The net loss for Q3 2025 was $3.7 million, consistent with the net loss of $3.2 million in Q3 2024 [6][11] - For the first nine months of 2025, total revenue increased by 123.0% to $28.0 million compared to $12.5 million in the same period of 2024 [6][8] - Cumulative surgeries performed using the SSi Mantra reached 6,057, including 56 telesurgeries and 319 cardiac procedures [6][12] Business Highlights - The number of SSi Mantra installations in Q3 2025 totaled 27, a 350.0% increase from 6 installations in Q3 2024 [6][11] - The cumulative installed base of SSi Mantra systems reached 127 across seven countries [6][11] - The company has received regulatory approval for the SSi Mantra in seven countries and is preparing to enter the U.S. and European Union markets [4][12] Upcoming Developments - The company plans to submit a 510(k) premarket notification to the FDA in Q4 2025 and aims for CE marking certification in the EU in the first half of 2026 [4][12] - SS Innovations is scheduled to participate in investor conferences in November 2025, providing opportunities for management to engage with investors [9][10]
Cavco Industries Appoints Lisa L. Daniels to Board of Directors
Globenewswire· 2025-10-28 20:30
Core Insights - Cavco Industries, Inc. has appointed Lisa L. Daniels as an independent director on its Board, effective October 27, 2025, bringing extensive experience from KPMG [1][2][3] Company Overview - Cavco Industries is headquartered in Phoenix, Arizona, and is one of the largest producers of manufactured and modular homes in the U.S., with a focus on factory-built housing products [5] - The company also produces park model RVs, vacation cabins, and factory-built commercial structures, and operates a finance subsidiary, CountryPlace Mortgage, which offers various mortgage products [5] Board Composition - With the appointment of Ms. Daniels, Cavco's Board now consists of eight directors, seven of whom are independent [2] - Ms. Daniels has been assigned to the Audit Committee and the Corporate Governance and Nominating Committee [2] Leadership and Experience - Ms. Daniels has over 35 years of experience in professional services, including roles as Vice Chair of Growth and Strategy at KPMG and managing partner in various capacities [3][4] - Her expertise includes financial, regulatory, and technology-related risks, making her a valuable addition to the Board [3] Strategic Focus - The leadership at Cavco expressed enthusiasm about Ms. Daniels' ability to contribute insights and leadership, particularly in navigating market dynamics and driving growth strategies [3]