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Encompass Health reports results for first quarter 2025
Prnewswire· 2025-04-24 20:20
Core Viewpoint - Encompass Health Corporation reported strong first-quarter results for 2025, with significant revenue and earnings growth, leading to an increase in full-year guidance for key financial metrics [1][4]. Financial Performance - Net operating revenue for Q1 2025 was $1,455.4 million, a 10.6% increase from $1,316.0 million in Q1 2024, reflecting a growth of $139.4 million [2][9]. - Income from continuing operations attributable to Encompass Health per diluted share rose to $1.48, up 33.3% from $1.11 in the previous year [2][14]. - Adjusted earnings per share increased by 22.3% to $1.37 from $1.12 [2][21]. - Cash flows from operating activities increased by 20.9% to $288.6 million compared to $238.8 million in Q1 2024 [2][18]. - Adjusted EBITDA for the quarter was $313.6 million, a 14.9% increase from $273.0 million [2][20]. Operational Highlights - Total discharges increased by 6.3% to 64,985, with same-store discharge growth of 4.4% [2][9]. - Net patient revenue per discharge grew by 3.9% to $21,816 from $20,990 [2][9]. - The company opened one new 40-bed hospital and added 25 beds to existing facilities during the quarter [3]. Updated Guidance - The company raised its full-year guidance for 2025, with net operating revenue now expected to be between $5,850 million and $5,925 million, up from the previous range of $5,800 million to $5,900 million [4]. - Adjusted EBITDA guidance was updated to a range of $1,185 million to $1,220 million, compared to the previous guidance of $1,160 million to $1,200 million [4]. - Adjusted earnings per share from continuing operations is now projected to be between $4.85 and $5.10, an increase from the prior range of $4.67 to $4.96 [4].
Century Next Financial Corporation Reports Record 1st Quarter 2025 Results
Globenewswire· 2025-04-23 20:37
Financial Performance - The Company reported a net income after tax of $3.45 million for Q1 2025, an increase of $790,000 or 29.7% compared to $2.66 million in Q1 2024 [2] - Earnings per share (EPS) for Q1 2025 were $1.89 basic and $1.88 diluted, compared to $1.48 for both in Q1 2024 [2] Balance Sheet - Total assets increased by $40.3 million or 4.6% to $909.7 million as of March 31, 2025, from $869.4 million at December 31, 2024 [3] - Cash and cash equivalents rose by $20.5 million or 16.3% to $146.2 million, while investment securities increased by $10.9 million to $109.4 million [4] Loans and Deposits - Net loans increased by $10.8 million or 1.8% to $616.2 million as of March 31, 2025, with notable increases in commercial non-real estate loans and residential construction loans [5] - Total deposits rose by $35.0 million or 4.5% to $805.7 million, driven by a $46.1 million increase in noninterest-bearing checking accounts [6] Income Statement - Net interest income for Q1 2025 was $9.1 million, up $1.5 million or 19.6% from $7.6 million in Q1 2024 [8] - Total non-interest income decreased by $41,000 or 5.1% to $770,000, primarily due to a decline in income from the origination and sale of residential loans [10] Expenses and Efficiency - Total non-interest expense increased by $284,000 or 5.5% to $5.4 million, with salaries and employee benefits being the largest contributor [11] - The efficiency ratio improved to 54.90% for Q1 2025 from 60.99% in Q1 2024, driven by increased net interest income [12] Other Financial Information - Nonperforming assets decreased from $3.98 million at December 31, 2024, to $3.76 million at March 31, 2025, representing 0.41% of total assets [13] - The allowance for credit losses was $6.63 million or 1.06% of total loans as of March 31, 2025, compared to $6.07 million or 1.01% a year earlier [14] Dividend Declaration - The Board of Directors approved a cash dividend of $0.75 per share, payable on June 5, 2025, to shareholders of record as of May 22, 2025 [15] Company Information - Century Next Financial Corporation is the holding company for Century Next Bank, which operates primarily in Louisiana and Arkansas, focusing on small and medium-sized businesses and individuals [16]
Univest Financial Corporation Reports First Quarter Results
Globenewswire· 2025-04-23 20:15
(Announces 4.8% increase in dividend)SOUDERTON, Pa., April 23, 2025 (GLOBE NEWSWIRE) -- Univest Financial Corporation (“Univest” or the "Corporation") (NASDAQ: UVSP), parent company of Univest Bank and Trust Co. (the "Bank") and its insurance, investments and equipment financing subsidiaries, announced net income for the quarter ended March 31, 2025 of $22.4 million, or $0.77 diluted earnings per share, compared to net income of $20.3 million, or $0.69 diluted earnings per share, for the quarter ended March ...