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 ...

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 ...

RUTHERFORD, N.J., April 30, 2025 (GLOBE NEWSWIRE) -- Blue Foundry Bancorp (NASDAQ:BLFY) (the “Company”), the holding company for Blue Foundry Bank (the “Bank”), today reported a net loss of $2.7 million, or $0.13 per diluted common share, for the three months ended March 31, 2025, compared to net loss of $2.7 million, or $0.13 per diluted common share, for the three months ended December 31, 2024, and a net loss of $2.8 million, or $0.13 per diluted common share, for the three months ended March 31, 2024. J ...

Financial Data and Key Metrics Changes - The company originated $27.9 million in loans held for investment, a 23% decrease from $36.4 million in the prior sequential quarter [5] - Loan principal payments and payoffs were $23 million, down 33% from $34.3 million in the previous quarter [5] - Non-performing assets decreased to $1.4 million from $2.5 million, indicating improved asset quality [6] - The allowance for credit losses to gross loans held for investment decreased from 66 basis points to 62 basis points [9] - Net interest margin increased by 11 basis points to 3.02% compared to 2.91% in the previous quarter [9] Business Line Data and Key Metrics Changes - Loans held for investment increased by approximately $5.4 million compared to the previous quarter, driven by an increase in single-family loans [6] - There were declines in multifamily, commercial real estate, construction, and commercial business loans [6] - The company has seen more consumer demand for single-family adjustable-rate mortgage products due to higher fixed-rate mortgage interest rates [6] Market Data and Key Metrics Changes - Economic uncertainty has increased due to current fiscal policy, impacting real estate investor activity [6] - The company noted a shift in consumer demand towards adjustable-rate mortgage products as fixed rates rise [6] Company Strategy and Development Direction - The company aims for disciplined growth of the loan portfolio, recognizing the shift to looser monetary policy [13] - The strategy includes maintaining cash dividends and utilizing stock buyback programs as a capital management tool [14] - The company is focused on improving operating efficiencies to lower operating expenses [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the potential for net interest margin expansion in the upcoming quarter, albeit at a slower pace than the current quarter [11] - The company is monitoring commercial real estate loans, particularly those secured by office buildings, and remains confident in their performance [7] - Management acknowledged the challenges posed by higher mortgage rates and economic uncertainty but indicated a commitment to growth [6][13] Other Important Information - The company repurchased approximately 52,000 shares of common stock in the March quarter [14] - For the fiscal year to date, the company has distributed approximately $2.8 million in cash dividends and repurchased approximately $3.1 million worth of common stock [14] Q&A Session Summary Question: Inquiry about CD growth in the quarter - Management indicated that the growth was due to a remix of the liability profile and the opening of a government deposit desk, allowing for liquidity to pay down Federal Home Loan Bank advances [17] Question: Were new CDs at a better rate than wholesale market? - Management noted that the rates were similar to wholesale, and the strategy was adjusted due to lower short-term rates [18] Question: Thoughts on prepayment activity over the next twelve months? - Management stated that prepayment activity is difficult to predict, with lower prepayments observed in the March quarter due to mortgage rate volatility [28] Question: Capital allocation and potential buyback adjustments? - Management emphasized the importance of maintaining capital during uncertainty but indicated that if stock prices decline, they would consider repurchasing more shares [32][34] Question: Changes in loan competition behavior? - Management noted no significant changes in competition but acknowledged aggressive pricing in the multifamily loan market [35][36]

Provident Financial (PROV) Q3 2025 Earnings Call April 29, 2025 12:00 PM ET Company Participants Donavon Ternes - President & CEOTimothy Coffey - MD & Associate Director of Depository Research Conference Call Participants Andrew Liesch - MD & Senior Research Analyst Operator Hello, and thank you for standing by. My name is Lacey, and I will be your conference facilitator today. At this time, I would like to welcome everyone to the Provident Financial Holdings Third Quarter of Fiscal twenty twenty five Earni ...

HSBC Holdings (HSBC) reported first-quarter 2025 pre-tax profit of $9.48 billion, which declined 25% from the prior-year quarter.Results were affected by a fall in revenues, higher expected credit losses and other credit impairment charges (ECL), partially offset by a fall in expenses.HSBC’s Revenues Fall, Expenses DipTotal revenues were $17.65 billion, down 15% year over year. The fall was primarily due to lower net interest income (NII) and other operating income.Operating expenses declined marginally to ...

Core Insights - Broadway Financial Corporation reported a consolidated net loss before preferred dividends of $451 thousand, or ($0.05) per diluted share, for Q1 2025, compared to a net loss of $164 thousand, or ($0.02) per diluted share, for Q1 2024 [1][2] - The net loss attributable to common stockholders was $1.2 million in Q1 2025 after deducting preferred dividends of $750 thousand, compared to a net loss of $164 thousand in Q1 2024 [1][2] - The company experienced a 6.9% increase in net interest income, totaling $8.0 million in Q1 2025, driven by lower interest expenses on borrowings and increased interest and fees on loans [2][5] Financial Performance - Net interest income before provision for credit losses increased by $521 thousand, or 6.9%, from $7.5 million in Q1 2024 to $8.0 million in Q1 2025 [5][9] - The net interest margin improved to 2.70% in Q1 2025, up 43 basis points from 2.27% in Q1 2024, due to an increase in the average rate earned on interest-earning assets [7][9] - Total deposits grew by $31.1 million, or 4.2%, to $776.5 million at March 31, 2025, compared to $745.4 million at December 31, 2024 [4][15] Credit Quality - The provision for credit losses increased to $689 thousand in Q1 2025 from $260 thousand in Q1 2024, primarily due to one new non-accrual loan [10][12] - Non-accrual loans to total assets stood at 0.09%, and non-performing loans to total assets were at 0.07% as of March 31, 2025, indicating strong credit quality [10][12] Non-Interest Expense - Total non-interest expense rose by $444 thousand, or 5.7%, to $8.3 million in Q1 2025, mainly due to a $1.0 million increase in compensation and benefits expense [11][12] - The increase in compensation and benefits was attributed to the addition of full-time employees to enhance operational capabilities [11][12] Tax and Capital - The company recorded an income tax benefit of $156 thousand for Q1 2025, compared to $57 thousand for Q1 2024, reflecting a decrease in pre-tax income [12][17] - Stockholders' equity was $286.0 million, or 23.3% of total assets, at March 31, 2025, compared to $285.2 million, or 21.9% of total assets, at December 31, 2024 [17][18]

Hilltop (HTH) Q1 2025 Earnings Call April 25, 2025 09:00 AM ET Company Participants Matthew Dunn - Corporate Development Officer & Head of Investor RelationsJeremy Ford - President and Chief Executive OfficerWilliam Furr - Executive VP & CFOWoody Lay - Vice PresidentTim Mitchell - Equity Research AssociateJordan Ghent - Senior Research Associate Conference Call Participants Andrew Gorczyca - Research Analyst Operator morning, ladies and gentlemen, and welcome to the Hilltop Holdings First Quarter twenty twe ...

Financial Data and Key Metrics Changes - Net interest income increased to $160.5 million, up $1.8 million from the prior quarter, driven by lower deposit costs and investment portfolio restructuring [12][7] - Total loans declined by $115 million or 0.8% from the prior quarter, primarily due to commercial real estate loans [9] - Total deposits slightly declined, with retail deposits increasing by $105 million while commercial deposits fell by $167 million [10] Business Line Data and Key Metrics Changes - Noninterest income was stable at $50.5 million, while noninterest expenses were $123.6 million, with no significant nonrecurring items [14] - The bank maintained strong credit performance, with classified assets decreasing by $3 million and year-to-date net charge-offs at $3.8 million [15][16] Market Data and Key Metrics Changes - The statewide unemployment rate remained stable at 3%, compared to the national rate of 4.1% [6] - Visitor arrivals increased by 1% and spending rose by 4.5% compared to 2024 levels, with Maui seeing the largest increases [6] Company Strategy and Development Direction - The company remains well-capitalized with ample liquidity and plans to continue supporting customers while managing expenses [8][7] - The management is focused on maintaining strong relationships with customers and is optimistic about loan growth despite market uncertainties [24][63] Management's Comments on Operating Environment and Future Outlook - Management noted increased uncertainty in the macroeconomic environment but remains optimistic about opportunities for growth [24][63] - The company is closely monitoring the impact of tariffs and economic conditions on its loan portfolios, particularly in the consumer and commercial sectors [68][70] Other Important Information - The bank repurchased approximately 974,000 shares at a total cost of $25 million, with $75 million remaining under the 2025 stock repurchase plan [8] - The allowance for credit losses increased to $166.6 million, reflecting a more pessimistic economic forecast [17] Q&A Session Summary Question: Insights on loan performance and economic pulse - Management indicated that average loans for the quarter were up over Q4, with a strong pipeline despite some uncertainty in the market [23][24] Question: Competitive landscape on deposit costs - Management expressed confidence in further reducing deposit costs as rates decline, but noted limited room for significant reductions beyond current levels [26][32] Question: Expense trajectory and investment plans - Management reiterated guidance for expenses and indicated a commitment to investing in the business while remaining cautious about the economic outlook [36][38] Question: Allowance for credit losses and consumer exposure - The increase in the allowance was driven by the economic forecasting model, with management noting stable performance in the consumer portfolio [42][94] Question: Impact of tariffs on loan portfolios - Management is closely monitoring the impact of tariffs on various loan portfolios, particularly in the C&I sector, but has not observed significant concerns yet [68][70] Question: Margin outlook and rate cuts - Management indicated that the ability to offset rate cuts will depend on loan growth, with potential for margins to remain stable if growth is strong [80][81]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against The Bancorp, Inc. due to allegations of securities law violations, with a deadline for investors to seek lead plaintiff status in a class action set for May 16, 2025 [2][10]. Group 1: Allegations Against The Bancorp - The complaint alleges that The Bancorp and its executives made false or misleading statements regarding the risks associated with its REBL loan portfolio, including underrepresenting the risk of default and loss [4]. - It is claimed that the company's credit loss methodology was inadequate, leading to an expected increase in provisions for credit losses [4]. - The company reportedly had material weaknesses in its internal controls over financial reporting, and its financial statements were not approved by independent auditors, making them unreliable [4]. Group 2: Impact of Reports and Financial Results - On March 21, 2024, a report from Culper Research alleged significant risks in The Bancorp's loan portfolio, leading to a share price drop of $3.63 (10.15%) to close at $32.12 [5][6]. - Following the announcement of third-quarter results on October 24, 2024, which included a $1.5 million after-tax reduction in net income due to increased credit loss provisions, the share price fell by $7.95 (14.47%) to close at $47.01 [7]. - On March 4, 2025, The Bancorp disclosed that its financial statements for fiscal years 2022 through 2024 should no longer be relied upon, resulting in a share price decline of $2.34 (4.38%) to close at $51.25 [8][9].