May was a stable month for Bigbank – both the loan and deposit portfolios grew at a steady pace, and profitability remained at a solid level. The loan portfolio increased by a total of 43 million euros in May. The largest contributions came from business loans and home loans, which grew by 22 million and 15 million euros, respectively. The consumer loan portfolio grew by 6 million euros. The deposit portfolio grew by a total of 26 million euros in May. In a declining interest rate environment, the savings d ...

Citigroup is reportedly preparing for a potential decline in consumer financial health by putting aside more provisions for credit losses.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.“Given the macro environment ...

Financial Data and Key Metrics Changes - The company has seen a significant increase in deposits, now totaling $140 billion, making it the largest digital-only bank in the country [15] - Fee-based income has grown from $1.6 billion to $2 billion from 2019 to the present, reflecting a 5% CAGR, with recent growth accelerating to double digits [19][20] - The company aims for mid-teens returns, focusing on improving net interest margin (NIM) and maintaining low credit losses [38][39] Business Line Data and Key Metrics Changes - The Corporate Finance business has shown strong growth, with assets growing at over 10% CAGR and income at over 20% [20] - The retail bank has increased its customer base from under 2 million to over 3 million in five years, indicating strong growth in the deposit business [21] - The Dealer Financial Services segment remains a core focus, with the company being the largest bank originator of auto loans in the country [12][15] Market Data and Key Metrics Changes - The auto finance market is experiencing increased competition, particularly in the super-prime and subprime segments, while the company remains strong in the prime and used vehicle markets [61][62] - The company has noted a favorable short-term impact from potential increases in used car prices due to tariffs, which could benefit collections and recoveries [27] Company Strategy and Development Direction - The company is focusing on areas where it has demonstrated strengths, such as Dealer Financial Services and Corporate Finance, while divesting from less core areas like credit cards and personal lending [11][18] - The management emphasizes the importance of a focused business model, aiming to streamline operations and enhance competitive advantages [5][16] - The company is committed to maintaining a disciplined approach to capital management and expense control while investing in technology and branding [102] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the company's ability to navigate the current macroeconomic environment, highlighting improvements in credit risk management and operational efficiency [32][36] - There is a cautious optimism regarding consumer behavior, with strong new vehicle purchases and encouraging payment activity among delinquent customers [33][35] - The management acknowledges the uncertainty surrounding tariffs but believes the company is in a structurally sound position to handle potential impacts [28][32] Other Important Information - The company has successfully restructured its securities to improve income streams and reduce interest rate risk [30] - The management is focused on achieving a net interest margin in the high threes, with expectations for NIM expansion in the coming quarters [38][58] Q&A Session Summary Question: What prompted the shift to a more focused strategy? - The company recognized the need to concentrate on areas with demonstrated strengths and competitive advantages, leading to a pivot in strategy [11][18] Question: How does the company view the current competitive landscape in auto finance? - The company sees increased competition primarily in the super-prime and subprime segments but remains confident in its position within the prime and used vehicle markets [61][62] Question: What are the expectations for fee income growth? - The company anticipates continued growth in fee income, overcoming the loss from the credit card business and aiming for double-digit growth in the future [89] Question: How is the company managing capital and share repurchases? - The company is currently in a wait-and-see mode regarding share repurchases due to macroeconomic and regulatory uncertainties, but sees potential for organic capital generation [92][95] Question: What is the outlook for credit losses in retail auto? - Management is encouraged by recent trends in credit performance but remains cautious about the macro environment, indicating no immediate changes to loss outlook [75][76]

SALT LAKE CITY, May 16, 2025 (GLOBE NEWSWIRE) -- Security National Financial Corporation (SNFC) (NASDAQ symbol "SNFCA") announced financial results for the quarter ended March 31, 2025. For the three months ending March 31, 2025, SNFC’s after tax earnings decreased approximately 42%, or $3.1MM, from $7,475,000 in 2024 to $4,338,000 in 2025. Pre Tax earnings decreased approximately 42%, or $4.05MM, to $5.571MM (please see the table below). Scott Quist, Chairman of the Board, President, and Chief Executive Of ...

First Quarter 2025 Earnings Supplement Claros Mortgage Trust, Inc. (CMTG) May 7, 2025 The properties above are not representative of all transactions. The information provided herein is as of March 31, 2025 unless otherwise noted. 8% 7% 5% 8% 9% 9% 15% 14% 19% 19% 44% 43% 0% 20% 40% 60% 80% 100% Multi-family Hospitality Office Mixed-use Land Other a Collateral Diversification 3,7 3/31/25 12/31/24 First Quarter 2025 Highlights | |  | GAAP net loss of $78.6 million, or $0.56 per share; distributable loss of ...

GLEN BURNIE, Md., May 07, 2025 (GLOBE NEWSWIRE) -- Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), today reported results for the first quarter ended March 31, 2025. Net income for the first quarter was $153,000, or $0.05 per basic and diluted common share, as compared to net income of $3,000, or $0 per basic and diluted common share for the three-month period ended March 31, 2024. On March 31, 2025, Bancorp had total assets of $358.0 million. B ...

OMA SAVINGS BANK PLC, STOCK EXCHANGE RELEASE 5 MAY 2025 AT 13.00 A.M. EET, INTERIM REPORT Q1 CORRECTION: Oma Savings Bank Plc’s Interim Report 1.1.-31.3.2025: High costs and declining market interest rates weighed on the result, work to strengthen OmaSp continues This release corrects the January-March interim report published today at 9.45 a.m. EET. The CEO’s review contained an incorrect figure regarding the total investments in the Noste project. The corrected sentence reads: Total investments in the Nos ...

Core Insights - Oma Savings Bank Plc reported a challenging first quarter in 2025, with high costs and declining market interest rates negatively impacting results [1][2] - The bank's comparable profit before taxes for Q1 2025 was EUR 4.6 million, a significant decrease from EUR 25.6 million in the same period last year [3][12] - The company is focused on strengthening its operations and customer relationships while addressing the challenges posed by increased costs and regulatory scrutiny [2][10] Financial Performance - The net interest income decreased by 18.3% year-on-year, totaling EUR 46.9 million, primarily due to lower market interest rates [5][13] - Total operating income fell by 19% compared to the previous year, amounting to EUR 60.1 million [12][13] - Total operating expenses increased by 31.9%, driven by costs associated with the risk management action plan and personnel growth [13][14] Risk Management and Provisions - Impairment losses on financial assets totaled EUR -22.3 million, with one-third related to updates in the expected credit loss (ECL) calculation model [7][13] - A provision of EUR 3.0 million was made in anticipation of potential sanctions from the Finnish Financial Supervisory Authority (FIN-FSA) due to identified deficiencies [8][15] Customer and Employee Engagement - Customer and employee satisfaction levels remain high, with the bank gaining 10,000 new customers following the acquisition of Handelsbanken [9][10] - The bank has a strong customer base of over 200,000 and continues to focus on providing personalized services [9][20] Outlook and Guidance - The company maintains its earnings guidance for 2025, expecting comparable profit before taxes to be between EUR 65–80 million, likely below the midpoint of this range [15][18] - The outlook is influenced by ongoing high costs related to IT investments and the uncertain economic environment [16][18]

Financial Data and Key Metrics Changes - The company reported a net income of $12 million and earnings per share of $0.50 for the quarter, indicating a strong start to the year [4] - Net interest income grew by 7% to $51.4 million compared to the previous year, with a net interest margin of 7.94% for the quarter [11] - The net book value per share increased to $16.36 from $16 in the prior quarter and $14.93 a year ago [15] Business Line Data and Key Metrics Changes - The consumer lending business originated $136 million in loans, maintaining a loan book of $2.4 billion, with average FICOs at origination of 685 for recreation loans and 781 for home improvement loans [4] - The commercial lending division originated $9.7 million in new loans and exited one loan with a significant return on investment [5][6] - The strategic partnership program achieved over $125 million in originations for the second consecutive quarter, diversifying the loan offerings [8] Market Data and Key Metrics Changes - Total loans outstanding increased by 12% year-over-year to $2.5 billion, including $1.5 billion in recreation loans and $812 million in home improvement loans [12] - Consumer loans more than ninety days past due decreased to $8.7 million, or 0.37% of total consumer loans, down from 0.49% at the end of 2024 [13] Company Strategy and Development Direction - The company is focused on methodical growth and maintaining strong credit quality in its loan origination processes [8] - There is an ongoing effort to expand the strategic partnership program, with expectations to add new partners over time [9] - The company is committed to capital allocation strategies, including share buybacks and dividend increases, reflecting a strong commitment to shareholders [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stability of the taxi medallion business and identified recovery opportunities in charge-off medallion loans [7] - The company anticipates continued capital gains from its investments, with expectations for one or two more realizations in the year [26] - Management expects loan growth of 5% to 7% for the year, emphasizing a cautious approach to growth in light of economic uncertainties [48] Other Important Information - Operating expenses increased to $20.8 million, attributed to technological initiatives and legal costs [14] - The company approved a 9% increase in the quarterly dividend to $0.12 per share, marking the third increase since reinstating the dividend [10] Q&A Session Summary Question: Were there any nonrecurring expense items aside from those highlighted? - Yes, professional fees were elevated, including $300,000 in technology costs and $600,000 related to the annual meeting [19] Question: Any update on the SEC matter? - The matter is believed to be resolved, pending board approval and a judge's sign-off [21] Question: What flexibility does the company have in building reserves? - The company has flexibility to use judgment in determining allowances, which was applied in Q1 [22] Question: Are there any anticipated capital gains from Medallion Capital for the rest of the year? - Yes, the company expects one or two more capital gains, but the timing is uncertain [26] Question: What is the outlook on margins and total loan growth for the rest of the year? - Margins are expected to remain stable, with loan growth projected at 5% to 7% [48]

LONDON, May 01, 2025 (GLOBE NEWSWIRE) -- Lloyds Bank plcQ1 2025 Interim Management Statement1 May 2025 Member of the Lloyds Banking Group FORWARD LOOKING STATEMENTS This document contains certain forward-looking statements within the meaning of Section 21E of the US Securities Exchange Act of 1934, as amended, and section 27A of the US Securities Act of 1933, as amended, with respect to the business, strategy, plans and/or results of Lloyds Bank plc together with its subsidiaries (the Lloyds Bank Group) an ...