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Credicorp Ltd. (BAP) Reports Strong Earnings and Loan Growth Outlook
Yahoo Finance· 2026-02-20 16:55
Credicorp Ltd (NYSE:BAP) is one of the best emerging markets stocks to buy right now. On February 12, Credicorp Ltd (NYSE:BAP) delivered fourth-quarter and full-year 2025 results. Fourth quarter net profit totaled $468.8 million, translating to earnings per share of $5.88. Credicorp Ltd. (BAP) Reports Strong Earnings and Loan Growth Outlook The company generated $2.18 billion in revenue, which dropped to $1.8 billion on accounting for interest expenses. Total profit for the full year totaled $1.94 billio ...
Nu Holdings Ltd (NU) Expands Offices and Global Brand Reach
Yahoo Finance· 2026-02-20 16:55
Core Insights - Nu Holdings Ltd (NYSE:NU) is recognized as a promising investment opportunity in emerging markets, with a significant investment plan of approximately R$ 2.5 billion (around USD 475 million) over the next five years to enhance its offices in Brazil [1][3] Group 1: Expansion Plans - The company aims to increase workspace capacity in São Paulo and establish new offices in Campinas, Rio de Janeiro, and Belo Horizonte, along with expansions in Mexico City and Bogotá, and future locations in Washington, D.C. and Buenos Aires [3] - This investment in workspace is aligned with the company's growth, as customer numbers surged from 59 million to 127 million over the past five years, accompanied by record revenues and profits [3] Group 2: Brand Partnerships - On January 21, Nu Holdings announced a multi-year partnership with the Mercedes-AMG PETRONAS F1 Team, intending to utilize Formula 1's global audience of over 827 million fans to enhance its brand presence in Latin America, the U.S., and other markets [4] - The company currently serves 127 million customers across Brazil, Mexico, and Colombia, and has achieved over 20% revenue growth, reaching $6.36 billion in the past year [4] Group 3: Company Overview - Nu Holdings Ltd. is the publicly traded parent company of Nubank, a digital-first bank founded in Brazil, and is one of the largest digital banking platforms globally, with over 127 million customers [5] - Founded in 2013, Nubank provides app-based services such as credit cards, accounts, loans, and investments, focusing on low costs and high customer engagement [5]
TBC Bank Group Q4 Earnings Call Highlights
Yahoo Finance· 2026-02-20 16:00
Core Insights - TBC Bank Group reported a record fourth quarter for 2025, with full-year net profit exceeding GEL 1.4 billion, a 9% increase year-over-year, and a return on equity (ROE) of 24.2% [6] - The company experienced a 15% year-over-year increase in top-line revenue for the fourth quarter, primarily driven by a 23% rise in net interest income [3] - The full-year dividend was declared at GEL 8.87 per share, reflecting a 10% increase year-over-year, with a payout ratio of 35% [4] Financial Performance - Operating expenses increased by 10% year-over-year in the fourth quarter and 18% for the full year, resulting in a cost-to-income ratio of 37.5%, down 40 basis points [1] - Net interest margin (NIM) remained stable at 7% in the fourth quarter, with a full-year increase of 30 basis points, attributed to a higher share of TBC Uzbekistan in the portfolio [2] - The group's cost of risk declined by 50 basis points to 1.1%, with expectations for Georgia's cost of risk to be around 80 basis points in 2026 [7] Regional Insights - In Georgia, the economy showed strong performance with a real GDP growth of 7.5% in 2025, and the company expects around 5% growth in 2026 [8] - Uzbekistan's economy also demonstrated dynamism with a real GDP growth of 7.7% in 2025, and significant scale-up progress was noted, including 45% loan growth year-over-year [10][11] - The company aims to pivot its loan mix in Uzbekistan due to regulatory changes, with expectations of around 20% gross loan book growth for the year [12] Operational Developments - TBC Bank's digital engagement improved significantly, with over 250,000 new customers added during the year, representing a 24% growth [9] - The company issued nearly 1 million TBC daily banking cards and doubled its retail brokerage customers to over 100,000 [9] - In Uzbekistan, TBC Bank became a top 10 bank for both retail loans and deposits, with market shares of 4.2% and 3.8%, respectively [14] Management and Strategy - The company will host a Strategy Day in New York on February 21, with a live webcast available for those unable to attend in person [16] - Group CEO Vakhtang Butskhrikidze will focus on overseeing operations in Georgia and Uzbekistan, while Giorgi Tkhelidze is set to become CEO of the Georgian subsidiary [15]
Appointment of CEO
Globenewswire· 2026-02-20 16:00
LEI: 213800ZBKL9BHSL2K459 20 February 2026 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION OSB GROUP PLC Appointment of CEO OSB GROUP PLC (“OSBG” or the “Group”) is very pleased to announce the appointment of Enrique Alvarez Labiano as Chief Executive Officer (CEO), subject to regulatory approval, with effect from a date to be agreed. This appointment follows a comprehensive search process conducted by the Board, facilitated by a global executive search firm and managed by David Weymouth, Chair, which conside ...
JPMorgan Bets on Branches: How Will This Translate to Revenue Growth?
ZACKS· 2026-02-20 15:51
Key Takeaways JPMorgan will open 160 branches in 30 states in 2026, renovate hundreds and hire 1,100 staff.JPM targets underpenetrated markets to win checking and deposits, supporting recurring NII.JPM uses branches to cross-sell cards, mortgages, small-business and wealth.JPMorgan (JPM) is leaning into an old-school growth lever in a digital era: physical distribution. The bank plans to open more than 160 new branches across more than 30 U.S. states in 2026, paired with renovations of hundreds of existing ...
Associated Banc-Corp (ASB) is a Top-Ranked Value Stock: Should You Buy?
ZACKS· 2026-02-20 15:41
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores. What are t ...
Kvika banki hf.: Execution of buyback programme
Globenewswire· 2026-02-20 15:37
Core Viewpoint - Kvika banki hf. has initiated a share buyback program authorized by its shareholders to enhance shareholder value and reduce issued share capital [1][2]. Group 1: Share Buyback Authorization - At the Annual General Meeting on 21 March 2024, shareholders approved the board of directors to buy up to 10% of issued shares [1] - The authorization for share buyback was renewed at the Annual General Meeting on 26 March 2025 [1] - A notification regarding the buyback of shares was issued on 23 December 2025 [1] Group 2: Buyback Program Details - On 11 February 2026, the board decided to establish a buyback program with a total consideration of ISK 631,548,500 for up to 45,000,000 shares [2] - Kvika currently holds 274,367,380 of its own shares and has utilized ISK 4,999,999,998 of the AGM authorization to acquire 303,547,379 shares [2] Group 3: Execution and Compliance - Íslandsbanki hf. will supervise the execution of the buyback program and make independent decisions regarding share acquisitions [3] - The buyback program must comply with the Act on Public Limited Companies and relevant European regulations on market abuse [3] - The execution of the buyback will ensure transparency in transactions involving own shares [3] Group 4: Purchase Limitations - Daily purchases under the buyback program are limited to 2,771,952 shares, with the maximum purchase price being the last independent transaction or highest existing purchase bid on Nasdaq Iceland [4] - The buyback program is effective from 23 February 2026 until the annual general meeting in 2026, or until the total consideration of ISK 631,548,500 is completed, or 45,000,000 shares are bought, whichever comes first [4] Group 5: Reporting and Contact Information - The bank's trading in its own shares will be declared in accordance with applicable laws and regulations [5] - For further information, Kvika's investor relations can be contacted at ir@kvika.is [5]
Kvika banki hf.: Transaction in relation to a share buy-back programme - buy back is completed
Globenewswire· 2026-02-20 15:35
In week 8 Kvika banki hf. („Kvika“ or „the bank“) purchased 7,856,970 of its own shares at the purchase price ISK 141,953,748. See further details below: DateTimeNo. of shares purchasedShare price (rate)Purchase price16.2.202610:40:001,000,00017.8317,825,00017.2.202610:37:001,000,00018.2018,200,00017.2.202614:00:411,000,00018.2518,250,00017.2.202614:56:35600,00018.2010,920,00018.2.202609:58:451,000,00018.1018,100,00018.2.202614:35:46679,87718.0012,237,78619.2.202612:47:551,000,00018.00<td style ...
First Internet Bancorp: Weaker Than Expected, But Baby Bonds Remain Attractive
Seeking Alpha· 2026-02-20 15:30
As I have a decent-sized long position in the baby bonds issued by First Internet Bancorp ( INBK ), I need to keep tabs on the bank’s financial performance to ensure the risk/reward ratio of the debt securities remains acceptable.The Investment Doctor is a financial writer, highlighting European small-caps with a 5-7 year investment horizon. He strongly believes a portfolio should consist of a mixture of dividend and growth stocks. He is the leader of the investment group European Small Cap Ideas which offe ...
SBI can provide acquisition financing support of up to ₹94,000 crore to India Inc, says Chairman Setty
BusinessLine· 2026-02-20 15:24
State Bank of India (SBI) can provide acquisition financing support of up to ₹94,000 crore to India Inc, going by the Reserve Bank of India’s Amendment Directions for Commercial Banks on Credit Facilities, according to Chairman Challa Sreenivasulu Setty.As per the directions, banks can provide acquisition financing to Indian companies, listed as well as unlisted, of up to 20 per cent of their tier-1 capital. Total bank financing cannot exceed 75 per cent of the acquisition value.Speaking to reporters on the ...