Nov 21, 2025 9:01 AM Eastern Standard Time Redwood Capital Bancorp Announces Third Stock Repurchase Program Share EUREKA, Calif.--(BUSINESS WIRE)--On November 21, 2025, REDWOOD CAPITAL BANCORP (the "Company†) (OTCQX:RWCB), the only locally owned and operated community bank holding company in Humboldt County, announced that its Board of Directors has authorized a third stock repurchase program for up to $1 million of its common stock. This new authorization, which replaces the Company's two prior repurchas ...

Core Points - NACCO Industries announced a quarterly cash dividend of 25.25 cents per share, payable on December 15, 2025, to stockholders of record as of December 1, 2025 [1] - The company approved a new stock repurchase program allowing for the repurchase of up to $20 million of Class A Common Stock through December 31, 2027, replacing the previous program [2] - The CEO expressed confidence in the company's long-term business prospects and indicated that share repurchases will be balanced with other capital needs [3] Dividend Information - The declared dividend is applicable to both Class A and Class B Common Stock [1] - The payment date is set for December 15, 2025, with a record date of December 1, 2025 [1] Stock Repurchase Program - The new program allows for repurchases of up to $20 million, replacing the previous program that was set to expire on December 31, 2025 [2] - The timing and amount of repurchases will be at the discretion of management, influenced by capital availability and market conditions [3] - The program may be modified or terminated at any time without prior notice and can be executed through various methods, including open-market purchases [3]

Core Viewpoint - WhiteHorse Finance, Inc. reported its financial results for Q3 2025, showing a decline in total investment income and net investment income, while announcing a distribution of $0.25 per share for the quarter [1][10]. Financial Performance - Total investment income for Q3 2025 was $17.7 million, down 6.1% from $18.8 million in Q2 2025 [5]. - Total expenses decreased by 5.6% to $11.6 million from $12.3 million in the previous quarter [5]. - Net investment income fell by 7.0% to $6.1 million, with a per-share income of $0.263, down 6.7% from $0.282 [5]. - The company experienced net realized gains of $(1.8) million, a significant improvement from $(22.0) million in Q2 2025 [5]. - Net unrealized depreciation was $(4.9) million, compared to an appreciation of $17.7 million in the previous quarter [5]. Portfolio and Investment Activity - As of September 30, 2025, the fair value of the investment portfolio was $568.4 million, a decrease of 9.7% from $629.3 million as of June 30, 2025 [6][7]. - The portfolio consisted of 125 positions across 66 companies, with a weighted average effective yield of 11.6% on income-producing debt investments [7]. - The company made new investments totaling $14.3 million and added $4.9 million to existing portfolio companies during the quarter [8]. Shareholder Actions - The board of directors authorized a stock repurchase program for up to $15.0 million of common stock [3]. - WhiteHorse Advisers reduced the incentive fee on net investment income from 20.00% to 17.50% for the next two fiscal quarters [4]. Distributions - A distribution of $0.25 per share was declared for Q3 2025, payable on January 5, 2026 [10]. - A special distribution of $0.035 per share was also declared, payable on December 10, 2025 [10].

Core Points - LiveOne plans to announce its operating and financial results for Q2 Fiscal 2026 on November 12, 2025 [1] - The earnings conference call will take place at 10:00 AM Eastern Time [2] - LiveOne is a music, entertainment, and technology platform focused on delivering premium experiences and content worldwide [3] Company Overview - LiveOne is headquartered in Los Angeles, CA, and operates various subsidiaries including Slacker and PodcastOne [3] - The platform is available on multiple devices and applications, enhancing accessibility for users [3] - LiveOne emphasizes a creator-first approach, aiming to provide premium livestreams and original content [3]

Financial Data and Key Metrics Changes - In Q3 2025, sales from continuing operations were $205 million, an increase of $51 million or 33% year-over-year, with adjusted EBITDA rising 18% to $58 million [12][14][19] - Adjusted free cash flow for the first nine months of the year was $42 million, with expectations for full-year 2025 adjusted free cash flow increased to a range of $75-$85 million [15][19] - The anticipated net debt leverage ratio post-divestiture of the advanced materials and catalysts segment is expected to be less than 1.5 times [4][16] Business Line Data and Key Metrics Changes - The eco-services segment reported adjusted EBITDA of $64 million, up 15%, driven by sales growth from both price and volume, particularly in virgin sulfuric acid [14][19] - Regeneration services experienced lower volumes due to unplanned customer downtime, impacting overall performance [5][13] - Virgin sulfuric acid sales were strong, particularly in the mining sector, which accounted for 20%-25% of sales [7][14] Market Data and Key Metrics Changes - Demand for virgin sulfuric acid is expected to remain strong due to rising global copper demand and mining activities [7][8] - The company anticipates a favorable long-term outlook for sulfuric acid demand driven by the mining and processing of critical minerals in the U.S. [8][54] - The company is positioned to benefit from onshoring trends, which may increase demand for sulfuric acid in various industrial applications [9][54] Company Strategy and Development Direction - The company plans to focus on organic growth initiatives and pursue attractive inorganic opportunities following the divestiture of its advanced materials and catalysts segment [4][22] - An active stock repurchase program is in place, with plans to repurchase up to $20 million of stock in Q4 2025 [5][23] - The company aims to strengthen its balance sheet and liquidity position to support growth initiatives and return capital to shareholders [16][22] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the favorable demand fundamentals for the remainder of 2025 and into 2026, despite challenges from unplanned refinery outages [17][24] - The company expects to see increased regeneration volumes and contributions from positive contractual pricing in 2026 [17][24] - Management highlighted the resilience of the company in a challenging chemical industry environment, attributing it to strong customer relationships and critical product offerings [22][24] Other Important Information - The company has amended its stock repurchase plan to remove the April 2026 expiration date, allowing for continued repurchases [5] - The anticipated close of the divestiture is expected in Q1 2026, with net proceeds of approximately $530 million to be used primarily for debt reduction [4][16] Q&A Session Summary Question: Cash deployment and growth opportunities - Management indicated excitement around growth opportunities, particularly in mining, and mentioned ongoing storage and logistics expansion projects [27][28] Question: Pricing outlook for next year - Management expects continued upward pricing momentum, particularly in virgin sulfuric acid, supported by strong demand in the mining sector [29] Question: Waggaman integration and EBITDA lift - Management noted that both contract repricing and positive network effects from the Waggaman facility will contribute to EBITDA growth [32] Question: Long-term leverage targets - Management confirmed that the long-term target leverage remains at two to two and a half times, with flexibility to adjust based on capital allocation strategies [38][40] Question: Short-term demand outlook for nylon - Management expects stable demand for nylon in the near term, with confidence in long-term fundamentals [41] Question: Customer clarity on downtimes and inventory management - Management discussed the challenges of managing unexpected downtimes and emphasized the importance of ramping up virgin sulfuric acid volumes during such periods [45][46]

Core Viewpoint - Stride, Inc. has announced a stock repurchase program authorizing the repurchase of up to $500 million of its common stock until October 31, 2026, reflecting confidence in the company's long-term outlook and strong cash flow [1][2]. Company Overview - Stride, Inc. is a technology-based education company providing a wide range of services including K-12 education, career learning, professional skills training, and talent development, serving learners in all 50 states and over 100 countries [3]. Financial Strategy - The stock repurchase program allows for flexibility in repurchasing shares through various methods, including open market purchases and privately negotiated transactions, depending on market conditions [2]. - The company emphasizes its strong cash flow and robust balance sheet, indicating a commitment to allocate capital towards attractive growth opportunities to create long-term value for shareholders [2].

Core Insights - Laureate Education, Inc. reported strong financial results for Q3 2025, with a revenue increase of 9% to $400.2 million compared to Q3 2024, driven by favorable operating performance and a weaker U.S. dollar [5][7][8] - The company announced a $150 million increase in its stock buyback authorization, reflecting confidence in its strong balance sheet and cash flow generation [5][15] - The outlook for full-year 2025 has been updated to reflect positive enrollment trends and improved foreign currency rates, with expected revenue growth of 7%-8% [21][17] Q3 2025 Financial Highlights - Revenue increased by 9% to $400.2 million, with an organic constant currency increase of 4% [7][8] - Operating income was $71.5 million, slightly down from $72.0 million in Q3 2024 [8] - Net income decreased to $34.4 million from $85.3 million in Q3 2024, primarily due to foreign currency exchange losses and a prior-year tax benefit [8][10] - Adjusted EBITDA rose to $94.8 million from $91.4 million in Q3 2024 [9][37] Nine Months Ended September 30, 2025 Highlights - Revenue for the nine months increased by 2% to $1,160.5 million, with a 6% increase on an organic constant currency basis [11][12] - Operating income for the nine months was $251.6 million, up from $249.8 million in the prior year [11] - Net income for the nine months was $112.3 million, down from $202.8 million, impacted by foreign currency exchange losses and a prior-year tax benefit [11][12] - Adjusted EBITDA for the nine months was $314.7 million, compared to $308.9 million in the previous year [12][37] Enrollment Trends - New enrollments increased by 7% for the nine months ended September 30, 2025, with total enrollments up by 6% [10][11] - In Peru, new enrollments rose by 13% and total enrollments by 8%, while in Mexico, both new and total enrollments increased by 4% [10] Balance Sheet and Capital Structure - As of September 30, 2025, the company had $241.0 million in cash and cash equivalents, with gross debt of $102.4 million, resulting in net cash of $138.6 million [13][14] - The company repurchased approximately $71 million of its common stock during the nine months ended September 30, 2025, with $27 million remaining under the existing stock repurchase program [14][15] Updated Outlook for Fiscal 2025 - The company expects total enrollments to reach approximately 494,000 students, reflecting a growth of 5% compared to 2024 [21] - Revenue is projected to be in the range of $1,681 million to $1,686 million, indicating growth of 7%-8% on an as-reported basis [21] - Adjusted EBITDA is expected to be between $508 million and $512 million, reflecting growth of 13%-14% on an as-reported basis [21]

Core Points - First BanCorp announced a new stock repurchase program of up to $200 million, reflecting confidence in its balance sheet and long-term outlook [1][4] - The company declared a quarterly cash dividend of $0.18 per share, payable on December 12, 2025, to shareholders of record on November 28, 2025 [4][10] - The stock repurchase program will be executed at management's discretion and may include various methods such as open market purchases and privately negotiated transactions [1][4] Company Overview - First BanCorp is the parent corporation of FirstBank Puerto Rico, operating in Puerto Rico, the U.S. and British Virgin Islands, and Florida [2] - The company's shares trade on the New York Stock Exchange under the symbol "FBP" [2] - First BanCorp reported a net income of $80.2 million for the second quarter of 2025, an increase from $77.1 million in the first quarter of 2025 [8]

Core Insights - FFB Bancorp reported a net income of $6.24 million for Q3 2025, a 3% increase from Q2 2025 but a 27% decrease from Q3 2024 [1][2] - For the nine months ended September 30, 2025, net income was $20.37 million, down 16% from $24.43 million in the same period of 2024 [2] - The company experienced growth in loan and deposit portfolios while focusing on strategic improvements in technology and processes [2] Financial Performance - Q3 2025 operating revenue decreased 14% to $23.49 million from Q2 2025 and 8% from Q3 2024 [5][6] - Net interest income increased 2% to $18.05 million compared to Q3 2024 but decreased slightly from Q2 2025 [7] - Total assets increased 2% to $1.50 billion from Q2 2025 but decreased 1% from Q3 2024 [5][26] - Total loans increased 3% to $1.12 billion from Q2 2025 and 12% from Q3 2024 [5][26] - Total deposits increased 2% to $1.26 billion from Q2 2025 but decreased 2% from Q3 2024 [5][32] Shareholder Actions - The company fully utilized a $15 million share repurchase program, repurchasing 194,049 shares at an average price of $77.21, representing approximately 7.73% of total shareholders' equity [3][4] Cost Management - Non-interest expense decreased 9% to $14.27 million from Q2 2025 but increased 12% from Q3 2024 [15] - Salaries and employee benefits increased 19% to $7.67 million compared to Q3 2024, attributed to an increase in full-time employees [16] - The efficiency ratio was 60.76% for Q3 2025, up from 50.16% in the same quarter a year ago [20][25] Asset Quality - Nonperforming assets increased 2.54% to $27.93 million, or 1.86% of total assets, at September 30, 2025 [39] - The provision for credit losses was $687,000 in Q3 2025, down from $762,000 in Q3 2024 [42] Market Position - FFB Bancorp is recognized as a leading SBA lender in California's Central Valley and has received various accolades for its performance [46]

Corporate Actions - Strive, Inc, formed after the merger of Asset Entities, has established its board of directors [1] - Strive, Inc announces $950 million in capital initiatives [1] Capital Initiatives - The initiatives include a $450 million at-the-market (ATM) offering [1] - The initiatives include a $500 million stock repurchase program [1] - The ATM offering and stock repurchase program are intended to increase bitcoin per share [1]