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Financial Institutions, Inc. Reports Third Quarter 2025 Results, Including Net Income Available to Common Shareholders of $20.1 million, or $0.99 per Diluted Share
Globenewswire· 2025-10-23 20:05
Core Insights - The company reported strong financial results for Q3 2025, with significant growth in net interest income, noninterest income, and overall profitability, indicating robust performance across its banking and wealth management sectors [1][4][6]. Financial Performance - Net income for Q3 2025 was $20.5 million, an increase from $17.5 million in Q2 2025 and $13.5 million in Q3 2024. Net income available to common shareholders was $20.1 million, or $0.99 per diluted share, compared to $17.2 million, or $0.85 per diluted share in Q2 2025, and $13.1 million, or $0.84 per diluted share in Q3 2024 [2][4]. - Record net interest income reached $51.8 million, up $2.7 million (5.4%) from Q2 2025 and $11.1 million (27.3%) from Q3 2024. The net interest margin expanded to 3.65%, reflecting a 16 basis point increase from the previous quarter and a 76 basis point increase year-over-year [6][8][11]. - Noninterest income was reported at $12.1 million, an increase of $1.4 million (13.6%) from Q2 2025 and $2.6 million (27.7%) from Q3 2024, driven by higher investment advisory income and swap fees [12][14]. Loan and Deposit Growth - Total loans increased by $54.4 million (1.2%) from Q2 2025 and $187.4 million (4.3%) from Q3 2024, reaching $4.59 billion, primarily due to strong commercial loan growth [6][18][21]. - Total deposits were $5.36 billion, up $201.8 million (3.9%) from Q2 2025 and $51.2 million (1.0%) from Q3 2024, supported by seasonal public deposit inflows and growth in nonpublic deposits [19][22]. Capital Management - The company announced a share repurchase program for up to 1,006,379 shares, approximately 5% of its outstanding common shares, to enhance shareholder value [5][7]. - Regulatory and tangible capital ratios improved significantly, with the common equity to assets ratio at 9.61% and tangible common equity to tangible assets ratio at 8.74% as of September 30, 2025 [24][30]. Credit Quality - Non-performing loans were stable at $34.0 million (0.74% of total loans), down from $40.7 million (0.93%) a year earlier. Net charge-offs were $2.1 million (0.18% of average loans), a decrease from $4.1 million (0.36%) in Q2 2025 [27][28][32].
FG Nexus Initiates $200 Million Share Buyback Program
Globenewswire· 2025-10-20 12:00
Core Points - FG Nexus plans to initiate a $200 million share repurchase program and has entered into an agreement with ThinkEquity for immediate buyback purchases [1][2] - The company aims to purchase shares below the estimated Net Asset Value (NAV) of approximately $5.10 per share as of October 20, 2025 [1][2] - CEO Kyle Cerminara emphasized that buying back stock at current levels is beneficial for shareholders and reflects confidence in the company's ETH treasury strategy [2] Share Repurchase Program - The timing and amount of repurchases will depend on market conditions, financial performance, and other investment opportunities [3] - The company is not obligated to repurchase a specific number of shares and may suspend or modify the program at any time [3] - ThinkEquity will conduct purchases in accordance with Rule 10b-18, allowing up to 25% of daily trading volume while the stock trades below $5.00 per share [2] Financial Strategy - FG Nexus will not utilize its At-the-Market (ATM) facility while trading below NAV to avoid dilution on an ETH per share basis [4] - The company reserves the right to use the ATM facility in an accretive manner if market conditions change [4] Company Overview - FG Nexus Inc. is focused on becoming the largest corporate holder of ETH globally and aims to enhance ETH yield through staking and other yield strategies [5]
X @The Wall Street Journal
Financial Performance - Albertsons reported higher second-quarter revenue [1] Strategic Initiatives - Albertsons will expand its share-repurchase program [1] Market Dynamics - Growth in digital sales offset competitive concerns in the grocery market [1]
Occidental Petroleum CEO on Berkshire Hathaway buying OxyChem for $9.7 billion
CNBC Television· 2025-10-02 17:45
Let's talk a little bit about this deal, how it came together, and $9.7% billion in cash. What do you plan to do with it. >> Well, with the cash, we're going to take about $6.5% billion of the cash, and we're going to apply it to debt reduction. And that debt reduction amount will get us to below our target uh debt of $15 billion that we laid out after the uh Crown Rock acquisition.That then will reduce our interest payments by $350 million. And uh that will enable us then to start adding back parts of our ...
Nexxen Announces September 2025 Share Repurchase Program Summary
Globenewswire· 2025-10-01 11:30
Core Insights - Nexxen International Ltd. announced the repurchase of 456,215 Ordinary Shares at an average price of $9.59 during September 2025, under its $50 million and newly launched $20 million share repurchase programs [1][2] - As of September 30, 2025, Nexxen had 57,603,622 Ordinary Shares outstanding and approximately $18.3 million remaining under its current share repurchase authorization [2] Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [3] - The company's capabilities encompass discovery, planning, activation, monetization, measurement, and optimization, designed to meet the diverse needs of advertisers, agencies, publishers, and broadcasters [3] - Nexxen is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [4]
Credit Agricole Sa: Crédit Agricole S.A. launches a Share Repurchase Program for up to 22,886,191 ordinary shares of the Company
Globenewswire· 2025-09-30 16:52
Core Viewpoint - Crédit Agricole S.A. has announced a share repurchase program for up to 22,886,191 ordinary shares, aimed at offsetting the dilutive effect of a capital increase reserved for employees, with the program set to commence on October 1, 2025, and conclude by November 13, 2025 [1][2]. Group 1: Share Repurchase Program Details - The share repurchase program will involve the cancellation of shares purchased [1]. - An independent investment services provider has been instructed to execute the share purchases during the specified period [2]. - The purchases will be conducted on the regulated market of Euronext Paris, adhering to relevant regulatory standards [3]. Group 2: Temporary Suspension of Agreements - The existing liquidity agreement with Kepler Cheuvreux will be temporarily suspended during the execution of the share repurchase program [4]. Group 3: Documentation and Resources - Details of the share repurchase program are available in Crédit Agricole S.A.'s Universal Registration Document and the text of the relevant resolution adopted at the General Meeting [5].
Credit Agricole Sa: Crédit Agricole S.A. launches a Share Repurchase Program for up to 22,886,191 ordinary shares of the Company
Globenewswire· 2025-09-30 16:52
Group 1 - Crédit Agricole S.A. has announced a share repurchase program for up to 22,886,191 ordinary shares, starting from 1 October 2025 and ending no later than 13 November 2025 [1][2] - The purpose of the share repurchase program is to offset the dilutive effect of a capital increase reserved for employees in 2025 [2] - Shares purchased under this program will be cancelled [1] Group 2 - The share repurchase will be conducted on the regulated market of Euronext Paris and will comply with relevant regulatory standards [3] - An independent investment services provider has been instructed to execute the share purchases during the specified period [2][3] - The existing liquidity agreement with Kepler Cheuvreux will be temporarily suspended during the execution of the share repurchase program [4] Group 3 - Details of the share repurchase program are available in Crédit Agricole S.A.'s Universal Registration Document and the resolution adopted by the General Meeting [5]
X @Decrypt
Decrypt· 2025-09-24 18:15
Solana treasury firm DeFi Development Corp. saw shares pop after announcing it was increasing its share repurchase program to $100 million. https://t.co/1H1rfYehtH ...
Nexxen Launches New $20 Million Ordinary Share Repurchase Program
Globenewswire· 2025-09-19 12:30
Core Viewpoint - Nexxen International Ltd. has announced a new $20 million Ordinary Share repurchase program following the completion of its previous $50 million program, indicating a commitment to returning capital to shareholders [1][2]. Group 1: Share Repurchase Program - The new repurchase program will continue until the earlier of March 19, 2026, or until the program is completed [2]. - The program does not obligate the company to repurchase any specific amount of shares and can be suspended, modified, or discontinued at the company's discretion [3]. - Any shares repurchased will be classified as dormant shares under Israeli Companies Law and held in treasury without rights [3]. Group 2: Company Overview - Nexxen is a global advertising technology platform specializing in data and advanced TV, offering a flexible and unified technology stack that includes a demand-side platform (DSP) and supply-side platform (SSP) [4]. - The company is headquartered in Israel and has offices across the United States, Canada, Europe, and Asia-Pacific, and is traded on Nasdaq under the ticker NEXN [5].
Korn Ferry Announces $250 Million Increase in its Common Share Repurchase Program
Businesswire· 2025-09-18 21:27
Core Viewpoint - Korn Ferry has announced an increase in its share repurchase program, reflecting a commitment to balanced capital allocation [1] Summary by Relevant Sections - **Share Repurchase Program** - The Board of Directors has approved an additional $250 million for the share repurchase program, increasing the total available capacity to $331.4 million [1]