Central Bancompany, an US-based financial institution, is preparing for an initial public offering (IPO) in the US with a target valuation of up to $5.72bn, reported Reuters. The bank is aiming to raise as much as $426.7m by selling 17.8 million shares, with proposed pricing between $21 and $24 per share. The bank’s class A common stock is currently listed on the over the counter (OTC) markets under the ticker “CBCY". Last month, Central Bancompany filed to list its shares on the Nasdaq Global Select Ma ...

Core Insights - 1st Source Corporation reported record quarterly net income of $42.30 million for Q3 2025, representing a 13.34% increase from the previous quarter and a 21.06% increase year-over-year [2][7] - The company declared a cash dividend increase of two cents per share, raising it to $0.40, which is an 11.11% increase from the previous year [3][7] - The financial results were driven by growth in net interest income and improved credit quality, despite some realized losses from strategic repositioning in the investment portfolio [2][4][7] Financial Performance - Net income for Q3 2025 was $42.30 million, up $4.98 million or 13.34% from Q2 2025 and up $7.36 million or 21.06% from Q3 2024 [2][7] - Diluted net income per common share for Q3 2025 was $1.71, an increase of 13.25% from the previous quarter and 21.28% from the same quarter last year [2][7] - Year-to-date net income for 2025 reached $117.14 million, a 15.76% increase compared to the same period in 2024 [2] Balance Sheet and Capital - The common equity-to-assets ratio improved to 13.65% as of September 30, 2025, compared to 13.19% at June 30, 2025 [27] - The tangible common equity-to-tangible assets ratio was 12.85% at the end of Q3 2025, up from 12.38% in the previous quarter [27] - The Common Equity Tier 1 ratio was 15.18% as of September 30, 2025, compared to 14.60% at June 30, 2025 [27] Loans and Deposits - Average loans and leases for Q3 2025 were $7.02 billion, an increase of $46.93 million or 0.67% from the previous quarter and up $409.71 million or 6.20% year-over-year [12] - Average deposits increased to $7.42 billion in Q3 2025, up $75.03 million or 1.02% from the previous quarter and up $289.69 million or 4.06% from the same quarter last year [13] Net Interest Income and Margin - Tax-equivalent net interest income for Q3 2025 was $88.90 million, up $3.56 million or 4.17% from the previous quarter and up $13.27 million or 17.55% year-over-year [14] - The net interest margin for Q3 2025 was 4.09%, an increase of eight basis points from the previous quarter and 45 basis points from the same period in 2024 [15] Noninterest Income and Expense - Noninterest income for Q3 2025 was $21.91 million, a decrease of $1.15 million or 4.99% from the previous quarter and a decrease of $0.54 million or 2.41% year-over-year [17] - Noninterest expense increased to $54.78 million in Q3 2025, up $2.35 million or 4.47% from the prior quarter and up $3.95 million or 7.77% from the same quarter last year [22] Leadership Transition - Christopher J. Murphy III stepped down as CEO effective October 1, 2025, transitioning to Executive Chairman, while Andrea G. Short took over as CEO [8][9] - The leadership transition is part of a long-term strategy to ensure continuity and stability within the organization [8][10]

Core Points - Old National Bancorp is scheduled to release its third-quarter 2025 earnings on October 22, 2025, at approximately 7:00 A.M. ET, followed by a conference call at 10:00 A.M. ET [1] - The company provides various dial-in numbers for the conference call, including U.S. and international options, along with an access code [1] - A webcast of the conference call will be available on Old National's Investor Relations website and can be replayed until midnight ET on November 5, 2025 [1] Company Overview - Old National Bancorp is the holding company of Old National Bank, ranking as the sixth largest commercial bank in the Midwest with approximately $71 billion in assets and $38 billion in assets under management [2] - The company serves clients primarily in the Midwest and Southeast and is among the top 25 banking companies headquartered in the United States [2] - Old National has a long history dating back to 1834 and focuses on building long-term partnerships with clients while supporting the communities it serves [2] - In 2025, Old National was recognized as one of "The Civic 50," highlighting its commitment to community engagement [2]

Company Overview - Old National Bancorp is the holding company of Old National Bank, the sixth largest commercial bank headquartered in the Midwest [3] - The company serves clients primarily in the Midwest and Southeast, with approximately $71 billion in assets and $38 billion in assets under management [3] - Old National ranks among the top 25 banking companies in the United States and has a history dating back to 1834 [3] - The company focuses on building long-term partnerships with clients and supporting the communities it serves [3] - In 2025, Old National was recognized as one of "The Civic 50," an honor for the 50 most community-minded companies in the U.S. [3] Upcoming Events - Jim Ryan, Chairman and CEO of Old National Bancorp, will present at the 2025 Barclays Global Financial Services Conference on September 8, 2025, at 2:45 p.m. ET [1] - The presentation will be accessible via a live webcast through the Investor Relations section of the company's website [2] - A replay of the presentation will be available for 180 days after the event for those unable to attend live [2]

Core Viewpoint 1st Source Corporation reported its second quarter results for 2025, showing a slight decline in net income compared to the previous quarter but an increase year-over-year. The company declared a cash dividend, reflecting its commitment to returning value to shareholders despite economic uncertainties. Financial Performance - The net income for the second quarter of 2025 was $37.32 million, down 0.54% from $37.52 million in the previous quarter, but up 1.43% from $36.79 million a year ago [2][4] - Diluted net income per common share was $1.51, a decrease of 0.66% from $1.52 in the previous quarter, and an increase of 1.34% from $1.49 in the second quarter of 2024 [2][4] - Year-to-date net income for 2025 reached $74.84 million, up 12.97% compared to $66.25 million during the first six months of 2024 [2] Dividend Declaration - The Board of Directors approved a cash dividend of $0.38 per common share, representing a 5.56% increase from the cash dividend declared a year ago [3] Interest Income and Margin - Tax-equivalent net interest income for the second quarter was $85.35 million, up 5.25% from the previous quarter and up 15.03% from the same quarter a year ago [13][14] - The net interest margin was 4.01%, an increase of 11 basis points from the previous quarter and 42 basis points from the same period in 2024 [14][15] Loan and Lease Growth - Average loans and leases increased by $169.51 million, or 2.49%, from the previous quarter, and by $362.25 million, or 5.48%, from the second quarter of 2024 [11] - The allowance for loan and lease losses was 2.30% of total loans and leases, consistent with historical levels [22] Noninterest Income and Expense - Noninterest income for the second quarter was $23.06 million, relatively flat compared to the previous quarter and the same quarter a year ago [16] - Noninterest expense decreased by 1.22% from the prior quarter to $52.43 million, but increased by 5.15% from the second quarter of 2024 [19][21] Credit Quality - The provision for credit losses was $7.69 million, an increase from $3.27 million in the previous quarter and a recovery of $0.31 million in the same quarter last year [23] - Nonperforming assets to loans and leases ratio was 1.06%, up from 0.63% in the previous quarter [6][23] Capital Position - The common equity-to-assets ratio was 13.19%, compared to 12.96% at the end of the previous quarter [24] - The company repurchased 47,428 shares during the second quarter, reducing common shareholders' equity by $2.84 million [25]