Stock Repurchase Program
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ETHZilla announces authorization of $250 million stock repurchase program
Prnewswire· 2025-08-25 12:00
Core Points - ETHZilla Corporation has authorized a stock repurchase program of up to $250 million of its outstanding shares, effective immediately [1][6] - The company holds a total of 102,237 Ether (ETH) at an average acquisition price of $3,948.72, valued at approximately $489 million [1][7] - In addition to ETH, ETHZilla has approximately $215 million in USD cash equivalents [1][7] Company Strategy - The company is focused on deploying capital to accelerate its Ethereum treasury strategy and aims to maximize shareholder value through the stock repurchase program [2] - ETHZilla's treasury strategy includes a partnership with Electric Capital to pursue differentiated yield generation opportunities that aim to outperform traditional ETH staking [12] - The company is evolving from a biotechnology focus to include software-enabled gaming and entertainment, while continuing to develop its ETH treasury strategy [13] Financial Metrics - As of August 24, 2025, ETHZilla's total ETH and ETH equivalents held is 102,237, valued at approximately $489 million [7] - The company has issued 3.3 million shares through at-the-market offerings, raising net proceeds of approximately $20.9 million [4] - The average purchase price of ETH has increased from $3,807 to $3,949 over the past few weeks [4]
Crescent Capital BDC, Inc. Reports Second Quarter 2025 Earnings Results; Declares a Third Quarter Base Dividend of $0.42 Per Share
Globenewswire· 2025-08-13 20:20
Core Insights - Crescent Capital BDC reported net investment income of $0.46 per share and net income of $0.41 per share for the quarter ended June 30, 2025, with a net asset value (NAV) per share of $19.55 [1][4] Financial Performance - Total investment income increased to $43.0 million for the quarter ended June 30, 2025, compared to $42.1 million for the previous quarter [6] - Net investment income for the quarter was $16.9 million, slightly up from $16.6 million in the prior quarter [4][6] - The company experienced net realized losses of $2.9 million and a net change in unrealized gains of $1.0 million for the quarter [4][6] Dividend Declarations - The Board declared a regular cash dividend of $0.42 per share for the third quarter of 2025, payable on October 15, 2025 [2] - A special dividend of $0.05 per share will be paid on September 15, 2025 [2] Share Repurchase Program - The Board authorized a stock repurchase program to buy back up to $20.0 million of common stock in the open market [3] Investment Portfolio - As of June 30, 2025, the company had investments in 187 portfolio companies with a fair value of $1,600.7 million [5] - The portfolio consisted primarily of unitranche first lien loans, making up 65.2% of the total investments [5] Liquidity and Capital Resources - The company had $26.1 million in cash and cash equivalents and $227.2 million of undrawn capacity on its credit facilities as of June 30, 2025 [8] - The weighted average cost of debt was 6.09%, with a debt to equity ratio of 1.23x [8] Upcoming Events - A conference call to discuss the financial results for the quarter ended June 30, 2025, is scheduled for August 14, 2025 [9]
Standard Premium Expands Stock Repurchase Program Following Strong Q2 Results
Globenewswire· 2025-07-31 15:00
Core Viewpoint - Standard Premium Finance Holdings, Inc. has expanded its stock repurchase program to enhance shareholder value following a strong second quarter performance, indicating confidence in the company's strategic direction and growth trajectory [1][2]. Financial Performance - The company reported $3.1 million in revenue for the second quarter, with income before taxes amounting to $345,000 and a return on equity of 15% [1]. Stock Repurchase Program - The board of directors has authorized an expansion of the stock repurchase program from $250,000, allowing repurchases in the open market and through private negotiations with stockholders [1][2]. - The program is subject to market conditions, stock price, regulatory requirements, and corporate liquidity needs, and it does not obligate the company to repurchase a specific number of shares [2]. Strategic Focus - The company aims to sustainably enhance shareholder value through prudent capital deployment and strategic execution as it continues to scale its business [3]. - Standard Premium Finance has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states, seeking M&A opportunities to leverage economies of scale [4].
Timberland Bancorp Third Fiscal Quarter Net Income Increases to $7.10 Million
Globenewswire· 2025-07-22 21:37
Core Viewpoint - Timberland Bancorp, Inc. reported strong financial results for the third fiscal quarter of 2025, with significant increases in net income and earnings per share, driven by net interest margin expansion and steady balance sheet growth [3][9]. Earnings Highlights - Net income for the quarter ended June 30, 2025, was $7.10 million, or $0.90 per diluted common share, representing a 5% increase from the previous quarter and a 20% increase year-over-year [1][9]. - For the first nine months of fiscal 2025, net income rose 16% to $20.72 million, or $2.60 per diluted common share, compared to $17.93 million, or $2.21 per diluted common share for the same period in fiscal 2024 [2][9]. - The quarterly return on average assets increased to 1.47%, and return on average equity rose to 11.23% [9][5]. Balance Sheet Highlights - Total assets increased by 1% from the prior quarter to $1.96 billion and grew 3% year-over-year [15][9]. - Total deposits rose by $18.65 million, or 1%, to $1.67 billion during the quarter, with significant increases in certificates of deposit and money market accounts [24][9]. - Total shareholders' equity increased by 2% from the prior quarter to $256.66 million, reflecting strong earnings and a stock repurchase program [28][9]. Net Interest Margin and Income - The net interest margin expanded to 3.80%, a one basis point increase from the prior quarter and a 27 basis point improvement year-over-year [3][9]. - Net interest income for the current quarter increased by 2% to $17.62 million, and for the first nine months of fiscal 2025, it rose by 9% to $51.81 million [8][10]. Stock Repurchase Program - The Board of Directors announced a new stock repurchase program allowing the company to repurchase up to 5% of outstanding shares, replacing the previous program [30][31]. Asset Quality - The non-performing assets to total assets ratio was 0.21% at June 30, 2025, compared to 0.13% at March 31, 2025, and 0.22% at June 30, 2024 [32][9]. - Total delinquent loans increased by 86% to $6.18 million, primarily due to one loan being past maturity [33][9]. Loan Portfolio - Net loans receivable increased by 2% during the quarter to $1.44 billion, with notable growth in multi-family and commercial real estate loans [17][9]. - Timberland originated $81.99 million in loans during the quarter, compared to $56.76 million for the preceding quarter [22][9].
OceanFirst Financial Corp. Announces 2025 Stock Repurchase Program
GlobeNewswire News Room· 2025-07-16 23:02
Core Viewpoint - OceanFirst Financial Corp. has authorized a 2025 Stock Repurchase Program to buy back up to 3 million shares, representing approximately 5% of its outstanding common stock, which is an addition to the existing 2021 program [1][2] Group 1: Stock Repurchase Program - The 2025 Stock Repurchase Program allows the company to enhance its capital deployment flexibility and respond to market conditions while still investing in organic growth and strategic initiatives [2] - The repurchase program reflects the company's belief that its shares are a compelling investment opportunity [2] Group 2: Company Leadership - Christopher D. Maher, Chairman and CEO, emphasized the importance of the repurchase program in providing the company with the ability to manage capital effectively [2]
SR Bancorp, Inc. Announces Adoption of its Second Stock Repurchase Program
Prnewswire· 2025-07-08 20:00
Core Viewpoint - SR Bancorp, Inc. has authorized a stock repurchase program for up to 10% of its outstanding shares, totaling 886,137 shares, marking its second repurchase initiative since its mutual-to-stock conversion in September 2023 [1] Group 1: Stock Repurchase Program - The new repurchase program will commence after the completion of the first program, which has 13,802 shares remaining [2] - Repurchases may occur in open market or private transactions, block trades, or through trading plans compliant with SEC Rule 10b5-1 [2][3] - The timing and amount of repurchases will depend on factors such as stock availability, market conditions, trading price, alternative capital uses, and the Company's financial performance [3] Group 2: Company Overview - SR Bancorp, Inc. is the holding company for Somerset Regal Bank, a full-service commercial bank in New Jersey with 14 branches across several counties [4] - As of March 31, 2025, Somerset Regal Bank reported total assets of $1.07 billion, net loans of $780.8 million, deposits of $835.6 million, and total equity of $199.1 million [4]
LiveOne (Nasdaq: LVO) to Host Thursday, July 3rd Special Conference Call; Record Earnings, B2B Updates, Tesla Conversion and Substantial Ad Growth
Globenewswire· 2025-06-26 12:00
Company Overview - LiveOne is an award-winning, creator-first music, entertainment, and technology platform headquartered in Los Angeles, CA [2] - The company focuses on delivering premium experiences and content worldwide through memberships and live and virtual events [2] - LiveOne's subsidiaries include Slacker, PodcastOne, PPVOne, CPS, LiveXLive, DayOne Music Publishing, Drumify, and Splitmind [2] Upcoming Events - LiveOne will host a conference call on July 3, 2025, to discuss results for Q4 Fiscal 2025 and the fiscal year ended March 31, 2025 [1] - The call is scheduled for 10:00 AM Eastern Time (7:00 AM Pacific Time) [1] - Access details include a webcast link and dial-in numbers for participants [1]
Orrstown Financial Services, Inc. Approves Stock Repurchase Program
Globenewswire· 2025-06-23 12:30
Core Viewpoint - Orrstown Financial Services, Inc. has authorized a stock repurchase program for up to 500,000 shares, representing approximately 2.5% of its outstanding common stock [1] Group 1: Stock Repurchase Program - The repurchase will occur in open market or privately negotiated transactions, adhering to SEC Rule 10b5-1 [2] - The timing and number of shares repurchased will depend on various factors including market conditions and corporate liquidity [2] - The stock repurchase program can be suspended or terminated at any time without prior notice [2] Group 2: Company Overview - Orrstown Financial Services, Inc. has $5.4 billion in assets and offers a range of financial services across multiple counties in Pennsylvania and Maryland [3] - The company's lending area extends to counties in Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia [3] - Orrstown Bank is an Equal Housing Lender, and its deposits are insured by the FDIC [3]
Standard Premium Finance Holdings Positioned as Safe Haven Amid Rising Tariff Pressures
Globenewswire· 2025-06-03 14:02
Core Viewpoint - Standard Premium Finance Holdings, Inc. positions itself as a stable, growth-oriented investment option amidst global trade tensions and market volatility, with a U.S.-focused business model that mitigates international trade risks [1][2]. Company Overview - Standard Premium operates entirely within the U.S., is highly regulated, and is not affected by global supply chains, making it resilient to market disruptions caused by tariffs [2]. - The company has financed over $2 billion in property and casualty insurance policies since 1991 and operates in 38 states [5]. Business Strategy - The company's business model is service-driven, aiming for measurable growth milestones while maintaining low exposure to international volatility [2]. - Standard Premium emphasizes disciplined and transparent business practices to provide long-term value, stability, and increased shareholder value across market cycles [3]. Financial Performance - The company announced a $250,000 stock repurchase program, reflecting confidence in its strategic direction and financial strength, which is supported by record profitability in FY 2024 and Q1 2025 [4]. - The stock repurchase program is set to run through November 2, 2025, allowing for capital return to shareholders while supporting growth initiatives [4]. Growth Opportunities - Standard Premium is actively seeking mergers and acquisitions of synergistic businesses to leverage economies of scale and enhance growth potential [5].
Rush Enterprises, Inc. Increases Stock Repurchase Program by $50 Million
Globenewswire· 2025-05-29 20:05
Core Viewpoint - Rush Enterprises, Inc. has announced a $50 million increase to its stock repurchase program, raising the total authorization to $200 million, reflecting confidence in its financial position despite market challenges [1]. Group 1: Stock Repurchase Program - The Board of Directors approved an increase of $50 million to the existing stock repurchase program, now totaling $200 million [1]. - The company is nearing the original authorization limit of $150 million, indicating strong capital management [1]. - Repurchases will be made at management's discretion, considering market conditions and stock price, and the program is set to expire on December 31, 2025 [2]. Group 2: Company Performance and Strategy - The company maintains a strong capital position and liquidity, allowing it to generate robust free cash flow [1]. - The strategic focus on a diversified customer base and a "One Team" sales approach has contributed to solid financial performance amid challenging industry conditions [1]. - Rush Enterprises operates the largest network of commercial vehicle dealerships in North America, with over 150 locations across 23 states and Ontario, Canada [4].