WEST PALM BEACH, Fla., June 13, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC” or the “Company”) today announced its dividend for the quarter ending June 30, 2025. The Board of Directors of AFC declared a quarterly dividend of $0.15 per outstanding share of common stock for the quarter ending June 30, 2025. The dividend is payable on July 15, 2025 to the common stockholders of record on June 30, 2025. The Board of Directors evaluates the Company’s Distributable Earnings (as defi ...

WEST PALM BEACH, Fla., June 09, 2025 (GLOBE NEWSWIRE) -- Advanced Flower Capital Inc. (Nasdaq: AFCG) (“AFC”) today announced that it has expanded its senior secured revolving credit facility (“Credit Facility”) to $50 million with an additional $20 million commitment from the facility’s Lead Arranger, an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund commitments to existing borrowers, originate and participate in commercial loans to canna ...

Ellington Financial (EFC) Q1 2025 Earnings Call May 08, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel & SecretaryLaurence Penn - CEO, President & DirectorJR Herlihy - Chief Financial OfficerMark Tecotzky - Co-Chief Investment OfficerCrispin Love - DirectorTrevor Cranston - Managing DirectorRandy Binner - Managing DirectorFrancesco Labetti - Equity Research Associate Operator Good morning, ladies and gentlemen, thank you for standing by. Welcome to the Ellington Financ ...

Financial Data and Key Metrics Changes - The company reported GAAP net income of $0.35 per share and adjusted distributable earnings (ADE) of $0.39 per share, which continue to cover dividends [5][13] - The recourse debt to equity ratio decreased to 1.7:1 from 1.8:1 quarter over quarter, indicating improved leverage management [10][18] - Book value per common share stood at $13.44, with a total economic return for the first quarter of 9.5% annualized [19] Business Line Data and Key Metrics Changes - The adjusted long credit portfolio decreased by 4% to $3.3 billion due to securitizations and a smaller residential transitional loan portfolio [17] - The Longbridge portfolio increased by 31% sequentially to $549 million, driven by proprietary reverse mortgage loan originations [17] - The agency RMBS portfolio declined by 14% to $256 million as the company rotated capital into higher yielding opportunities [18] Market Data and Key Metrics Changes - The weighted average borrowing rate on recourse borrowings decreased by 12 basis points to 6.09% [18] - The net interest margin (NIM) on the credit portfolio decreased by 12 basis points, while the NIM on agency increased by 24 basis points [18] Company Strategy and Development Direction - The company is focused on establishing joint ventures to secure consistent access to high-quality loans at attractive pricing [10] - The company is tightening underwriting guidelines to focus on higher FICO borrowers and loans with more extensive underwriting [23] - The company is actively developing proprietary tools to support loan origination and enhance operational efficiency [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's positioning to take advantage of heightened market volatility and recharged opportunity sets [30][34] - The company anticipates ongoing meaningful contributions to ADE from its mortgage servicing rights (MSR) portfolio [21] - Management noted that the current high levels of volatility are creating compelling trading opportunities [30] Other Important Information - The company completed five new securitization deals in the first quarter, taking advantage of tight spreads [7] - The company sold a variety of credit-sensitive securities to lock in gains and enhance liquidity [9] - The company expects to resolve remaining significant workout assets by the end of the second quarter [10] Q&A Session Summary Question: Have you been able to deploy a material amount of capital in attractive trading opportunities? - Management indicated that while there was not material growth in April, the portfolio has grown net relative to March 31, with growth in non-QM and non-agency MBS [38][39] Question: Can you provide more detail on the resolutions of commercial bridge loans? - Management clarified that one was a discounted payoff and another was an REO sale, freeing up $20 million to $25 million for reinvestment [44][46] Question: Does the high level of spread volatility impact your near-term appetite for loan acquisitions? - Management noted that they have been diligent about hedging spread widening risk and have found opportunities to buy loans as spreads tightened [56][58] Question: Can you share timing and size on potential joint ventures with originators? - Management stated that the investments would be under $5 million in total and are expected to close in the next quarter or two [69][74] Question: Is the $0.9 earnings run rate for the Longbridge segment still achievable? - Management confirmed that the $0.9 run rate is still achievable, with seasonal trends affecting volumes [86][89] Question: Can you discuss current performance and dynamics in the CLO market? - Management indicated that CLOs represent a small part of the portfolio and recent negative performance was due to spread widening rather than underlying credit issues [91][92]

Earnings Conference Call May 8, 2025 Forward-Looking Statements This presentation contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Our actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statem ...

Core Insights - Glen Burnie Bancorp reported a net income of $153,000 for Q1 2025, a significant increase from $3,000 in Q1 2024, indicating improved profitability [1][11] - The bank's total assets as of March 31, 2025, were $358.0 million, reflecting a slight decrease of 0.27% from the previous quarter [7][28] - The company is focused on growing loans and deposits while maintaining disciplined lending practices to enhance revenues and profitability [2][4] Financial Performance - Net interest income for Q1 2025 was $2.56 million, a decrease of $8,000 or 0.31% compared to $2.57 million in Q1 2024, primarily due to increased interest expenses [3][13] - The return on average assets for Q1 2025 was 0.17%, up from 0% in Q1 2024, while the return on average equity increased to 3.22% from 0.06% [5][28] - Noninterest income decreased to $205,000 in Q1 2025 from $229,000 in Q1 2024 [17][25] Balance Sheet Highlights - Total deposits increased to $317.3 million as of March 31, 2025, a rise of 2.61% from $309.2 million at the end of 2024 [8][28] - Loans, net of deferred fees and costs, rose to $207.4 million, an increase of 1.06% from $205.2 million at the end of 2024, and a 16.52% increase year-over-year [7][28] - Total stockholders' equity increased to $19.2 million, representing 5.36% of total assets, up from $17.8 million (4.96% of total assets) at the end of 2024 [9][28] Asset Quality - Nonperforming assets represented 0.32% of total assets as of March 31, 2025, compared to 0.10% at the end of 2024, indicating a slight deterioration in asset quality [10][28] - The allowance for credit losses stood at $2.7 million, or 1.30% of total loans, down from 1.38% at the end of 2024 [10][28] Strategic Initiatives - The company is implementing measures to reduce non-interest expenses, including branch closures and an early retirement program [12][18] - Glen Burnie Bancorp aims to enhance its funding sources and earning assets while building infrastructure to support customer relationships [2][4]

Core Viewpoint - Advanced Flower Capital Inc. has renewed its senior secured revolving credit facility to support its financing strategy and operations in the cannabis sector [1][3]. Group 1: Credit Facility Details - The renewed credit facility has a maximum expansion capability of $100 million, with a maturity date set for April 29, 2028, and an interest rate of Prime + 0.50%, with a Prime floor of 6.50% [2]. - The facility will be utilized for funding unfunded commitments to existing borrowers, originating and participating in commercial loans to cannabis operators, and for general corporate purposes [1][2]. Group 2: Company Overview - Advanced Flower Capital Inc. is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S., with loan amounts ranging from $10 million to over $100 million [4]. - The company leverages its management team's extensive network and expertise in credit and cannabis to structure and underwrite loans secured by quality real estate assets, license value, and cash flows [4].

Blackstone Mortgage Trust, Inc. Q1 2025 Company Presentation Blackstone Mortgage Trust, Inc. BLACKSTONE MORTGAGE TRUST OVERVIEW ▪ Blackstone Mortgage Trust (BXMT) is a publicly traded commercial mortgage REIT focused on real estate credit investments in North America, Europe, and Australia | | ▪ BXMT is managed by Blackstone, the largest owner of commercial real estate globally with $602B of TEV,(a) providing full access to the data and | | --- | --- | | Preeminent Sponsorship | resources of the Blackstone ...

Franklin BSP Realty Trust First Quarter 2025 Supplemental Information Important Information The information herein relates to the Company's business and financial information as of March 31, 2025 and does not reflect subsequent developments. Risk Factors Investing in and owning our common stock involves a high degree of risk. See the section entitled "Risk Factors" in our Annual Report on Form 10-K filed with the SEC on February 26, 2025, and the risk disclosures in our subsequent periodic reports filed wit ...

Company Overview - Advanced Flower Capital Inc. (NASDAQ: AFCG) is a leading commercial mortgage REIT that provides institutional loans to state-law compliant cannabis operators in the U.S. [3] - The company originates, structures, underwrites, and manages loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value, and cash flows [3]. - Advanced Flower Capital is based in West Palm Beach, Florida [3]. Financial Results Announcement - The company will release its financial results for the first quarter ended March 31, 2025, on May 14, 2025, before market open [1]. - Management will review the financial results via a webcast at 10:00 am ET on the same day [1]. - A replay of the event will be available one hour after the live presentation [1]. Investor Relations - AFC distributes its earnings releases via its website and email lists, allowing interested parties to sign up for updates [2]. - The Investor Relations contact for the company is Robyn Tannenbaum, reachable at 561-510-2293 or via email [4].