Independent Advisor Alliance lifted its holdings in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 329,093 shares of the insurance provider’s stock after buying an additional 29,191 shares during the quarter. Independent Advisor Alliance’s holdings in Truist Financial were worth $15,046,000 at the end of the most recent quarter. Get Truist Fin ...

Core Viewpoint - First Hawaiian, Inc. reported strong financial results for the fourth quarter of 2025, highlighting growth in loans and deposits, and maintaining its position as the most profitable bank in Hawaii [1][12]. Financial Performance - Net income for the fourth quarter of 2025 was $69.9 million, or $0.56 per diluted share, compared to $73.8 million in the prior quarter [12][27]. - Net interest income increased to $170.3 million, up by $1.0 million from the previous quarter, with a net interest margin of 3.21%, an increase of 2 basis points [5][12]. - Noninterest income was $55.6 million, a decrease of $1.5 million from the prior quarter [7][12]. - Noninterest expense decreased slightly to $125.1 million from $125.7 million in the previous quarter, resulting in an efficiency ratio of 55.1% [8][12]. Balance Sheet Highlights - Total assets were $24.0 billion as of December 31, 2025, down from $24.1 billion at the end of the previous quarter [4][12]. - Gross loans and leases increased to $14.3 billion, up by $183.1 million from the prior quarter [4][12]. - Total deposits decreased to $20.5 billion, down by $213.9 million from the previous quarter [4][12]. - Total stockholders' equity rose to $2.8 billion, compared to $2.7 billion at the end of the previous quarter [11][12]. Credit Quality - The allowance for credit losses was $168.5 million, or 1.18% of total loans and leases, compared to $165.3 million, or 1.17%, in the prior quarter [10][12]. - Net charge-offs for the quarter were $5.0 million, or 0.14% of average loans and leases, compared to $4.2 million, or 0.12%, in the previous quarter [10][12]. Capital Management - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 27, 2026 [1][12]. - A stock repurchase program was adopted for up to $250.0 million of outstanding common stock [2][12]. - The company repurchased approximately 1.0 million shares at a total cost of $26.0 million during the fourth quarter [13][12]. Taxation - The effective tax rate for the fourth quarter was 24.8%, up from 23.2% in the prior quarter [9][12].

Core Viewpoint - Peoples Financial Corporation reported a significant decrease in net income for both the fourth quarter and the full year of 2025 compared to 2024, primarily due to lower interest income and the absence of a prior year tax benefit [1][4][5]. Financial Performance - Net income for Q4 2025 was $716,000, down from $1,528,000 in Q4 2024, resulting in earnings per share of $0.16 compared to $0.33 in the previous year [2][18]. - For the full year 2025, net income decreased to $3,911,000 from $21,703,000 in 2024, with earnings per share dropping to $0.85 from $4.66 [4][18]. Revenue and Expenses - Total interest income for Q4 2025 decreased by $1,071,000 to $6,569,000, while total interest expense decreased by $134,000 to $1,930,000 [3][18]. - For the year ended 2025, total interest income fell by $4,592,000 to $28,502,000, and total interest expense decreased by $1,496,000 to $8,147,000 [5][18]. Asset Quality and Equity - Total shareholders' equity increased by $10,666,000 to $100,667,000 as of December 31, 2025, partly due to earnings and a reduction in unrealized losses on securities [9][22]. - The company reported unrealized losses on available-for-sale securities of $28,929,000 as of December 31, 2025, down from $38,006,000 in 2024, attributed to higher interest rates affecting market values [9][22]. Liquidity and Deposits - Total deposits decreased by $116,301,000 to $604,429,000 as of December 31, 2025, primarily due to the loss of large public fund deposits [12][22]. - The bank's leverage ratio remained strong at 15.76% as of December 31, 2025, unaffected by unrealized losses due to a prior opt-out election [10][22]. Operational Insights - The company maintains a well-capitalized balance sheet with strong capital and liquidity, providing a full range of banking services in local markets [11]. - The bank's leadership is focused on maintaining high-quality assets and monitoring economic conditions closely [8].

Core Viewpoint - Merchants Bancorp has announced a stock repurchase program of up to $100 million, set to expire on December 31, 2027, aimed at enhancing shareholder value [1]. Group 1: Stock Repurchase Program - The stock repurchase program allows Merchants to buy back shares in the open market or through other means, with management determining the appropriate prices, quantities, and terms [2]. - The program is not mandatory and can be modified, suspended, or discontinued at the discretion of the Board of Directors [2]. - Repurchases will be influenced by various factors, including market conditions and the financial and regulatory status of Merchants [3]. Group 2: Company Overview - Merchants Bancorp is a diversified bank holding company based in Carmel, Indiana, recognized as a top-performing U.S. public bank by S&P Global Market Intelligence [4]. - The company operates multiple segments, including Multi-family Mortgage Banking, Mortgage Warehousing, and traditional community banking, with total assets of $19.4 billion and deposits of $13.0 billion as of December 31, 2025 [4].

Core Viewpoint - Riverview Bancorp, Inc. has announced a stock repurchase program aimed at enhancing shareholder value by repurchasing up to $4.0 million of its outstanding shares [1][2][3] Group 1: Stock Repurchase Program - The company plans to repurchase shares in the open market or through privately negotiated transactions, with the program effective until the earlier of completion or 12 months from the effective date [2] - The decision to double the size of the stock repurchase program reflects a disciplined approach to deploying excess capital and is seen as a prudent use of capital to strengthen shareholder value [3] Group 2: Management and Trading Plan - The Board of Directors has authorized management to enter into a trading plan with Keefe, Bruyette & Woods, Inc. under Rule 10b5-1 to facilitate the repurchase of common stock [4] - This plan allows the company to execute trades during periods when it might otherwise be restricted due to possession of material non-public information or insider trading laws [4] Group 3: Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.51 billion as of December 31, 2025, and operates 17 branches [5] - The company has been recognized as the Best Bank by readers of local publications for the past 11 years, indicating a strong community presence and customer satisfaction [5]

Core Viewpoint - Provident Financial Services, Inc. has authorized a new stock repurchase program, reflecting confidence in its financial strength and commitment to returning capital to shareholders [1][4]. Group 1: Stock Repurchase Program - The new stock repurchase program will commence after the current program, which has 814,247 shares remaining for repurchase [1]. - Under the new authorization, the company may repurchase up to 2.15% of its outstanding shares, approximately 2.81 million shares [2]. - The program has no expiration date, and repurchases will be based on market conditions and other relevant factors [3]. Group 2: Management Statements - The President and CEO emphasized the company's strong earnings projections and balance sheet, indicating that the repurchase program reflects sound risk management [4]. - The Senior Executive Vice President and CFO noted that the new authorization provides additional capital return flexibility and aligns with the company's long-term financial objectives [4]. Group 3: Company Overview - Provident Financial Services, Inc. is the holding company for Provident Bank, which has been operational since 1839 and offers a wide range of financial products and services [5]. - The bank operates branches in New Jersey and parts of Pennsylvania and New York, and provides fiduciary, wealth management, and insurance services through its subsidiaries [5].

Core Viewpoint - TrustCo Bank Corp NY has announced a new stock repurchase program allowing the repurchase of up to 2,000,000 shares, approximately 11% of its outstanding shares, aimed at increasing shareholder value [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase program permits shares to be repurchased in open market or private transactions, including block trades, in accordance with SEC Rule 10b5-1 [1]. - The company recently completed a previous repurchase program of one million shares earlier in December 2025 [1]. - Repurchases will be made at management's discretion over the next twelve months, considering factors such as stock availability, market conditions, and TrustCo's financial performance [2]. Group 2: Company Background - TrustCo Bank Corp NY is a $6.3 billion savings and loan holding company operating 135 offices across New York, New Jersey, Vermont, Massachusetts, and Florida [4]. - The company has a tradition of over 100 years in providing high-quality services, including a variety of deposit and loan products, as well as investment services through its Wealth Management Department [4]. - TrustCo Bank is recognized as one of the best performing savings banks in the country [4].

Core Viewpoint - Primis Financial Corp. has announced a stock repurchase program for up to 750,000 shares of its common stock, which will run from December 18, 2025, to December 18, 2026, unless terminated or extended earlier by the Board [1]. Group 1: Stock Repurchase Program Details - The stock repurchase program allows the company to buy back shares through open market purchases or privately negotiated transactions, adhering to legal requirements [2]. - The company previously repurchased 79,549 shares at an average cost of $10.00 per share under a prior plan [1][2]. - The timing and extent of share repurchases will depend on various factors, including stock performance, market conditions, and regulatory requirements [2]. Group 2: Company Financial Overview - As of September 30, 2025, Primis Financial Corp. reported total assets of $4.0 billion, total loans held for investment of $3.2 billion, and total deposits of $3.3 billion [3]. - Primis Bank operates 24 full-service branches in Virginia and Maryland, offering financial services to individuals and small- to medium-sized businesses [3].

Core Viewpoint - Red River Bancshares, Inc. has announced the renewal and increase of its stock repurchase program, allowing the company to buy back up to $10.0 million of its common stock from January 1, 2026, to December 31, 2026, aiming to maximize shareholder value [1] Company Overview - Red River Bancshares, Inc. is the bank holding company for Red River Bank, established in 1999, providing a comprehensive range of banking products and services tailored for commercial and retail customers [2] - The bank operates 28 banking centers across Louisiana and has two combined loan and deposit production offices located in New Orleans and Lafayette [2] - The banking centers serve various markets in Louisiana, including Alexandria, Shreveport-Bossier City, Baton Rouge, Lake Charles, Covington, Lafayette, and New Orleans [2]

Core Viewpoint - HBT Financial, Inc. has announced a new stock repurchase program authorizing up to $30 million in common stock repurchases, effective January 1, 2026, following the expiration of the current program [1][2]. Group 1: Stock Repurchase Program - The new stock repurchase program will allow HBT Financial to repurchase shares on the open market, in privately negotiated transactions, or in any manner compliant with applicable securities laws [2]. - The program will be in effect until January 1, 2027, with the timing and number of shares repurchased dependent on various factors such as price, trading volume, and market conditions [2]. - The company is not obligated to repurchase any shares under the program, which may be suspended or discontinued at any time without notice [2]. Group 2: Company Overview - HBT Financial, Inc. is headquartered in Bloomington, Illinois, and serves as the holding company for Heartland Bank and Trust Company, with banking operations dating back to 1920 [3]. - The company offers a comprehensive suite of financial products and services to consumers, businesses, and municipal entities across Illinois and eastern Iowa, operating 66 full-service branches [3]. - As of September 30, 2025, HBT Financial reported total assets of $5.0 billion, total loans of $3.4 billion, and total deposits of $4.3 billion [3].