HICKSVILLE, N.Y., Aug. 26, 2025 /PRNewswire/ -- Flagstar Financial, Inc. (NYSE: FLG) (the "Company") announced that Wednesday, October 15th, has been established as the date of its Special Meeting of Shareholders (the "Special Meeting").The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 a.m. Eastern Time.The date of record for voting at the Special Meeting was established as August 18, 2025. Shareholders of the Company as of the record date will be entitled to receive no ...

LODI, Calif., Aug. 13, 2025 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), announced today that the Company is changing its dividend policy related to the frequency of cash dividend payments from semi-annually to quarterly. The unanimous decision to change the frequency of the cash dividend was done after the Board of Directors completed a thorough analysis of the Compan ...

Financial Performance - Net income available to common shareholders for Q2 2025 was $2.5 million, or $0.26 per diluted share, a decrease from $4.2 million, or $0.43 per diluted share in Q1 2025, but an increase from $1.1 million, or $0.11 per diluted share in Q2 2024 [2][6]. - Total income before non-interest expense was $22.4 million for Q2 2025, a decrease of 9.3% from $24.7 million in Q1 2025, but an increase of 9.8% from $20.4 million in Q2 2024 [8]. - Net interest income increased to $17.9 million in Q2 2025, up 2.3% from $17.5 million in Q1 2025 and up 13.3% from $15.8 million in Q2 2024 [12][6]. Loan and Deposit Growth - Total loans increased by $115 million, or 4.7%, from $2.43 billion in Q1 2025 to $2.54 billion in Q2 2025 [6][20]. - Total deposits were $2.53 billion as of June 30, 2025, an increase of 0.4% from $2.52 billion in Q1 2025 and an increase from $2.41 billion in Q2 2024 [21]. Net Interest Margin and Efficiency - Net interest margin increased by 6 basis points to 2.67% in Q2 2025 from 2.61% in Q1 2025, and increased by 32 basis points from 2.35% in Q2 2024 [10][11]. - The efficiency ratio improved to 78.83% in Q2 2025 from 79.16% in Q1 2025 and 82.25% in Q2 2024 [17]. Credit Quality - Non-performing assets totaled $18.8 million, or 0.62% of total assets, as of June 30, 2025, compared to $17.1 million, or 0.59% of total assets in Q1 2025, and a decrease from $49.3 million, or 1.68% of total assets in Q2 2024 [26]. - Non-performing loans increased to $14.4 million as of June 30, 2025, from $12.8 million in Q1 2025, but decreased from $37.9 million in Q2 2024 [27]. Capital Position - As of June 30, 2025, the Company exceeded minimum capital levels required by regulators, with a Tier 1 capital to risk-weighted assets ratio of 9.96% [29]. - Book value per common share increased by 0.8% from $26.44 in Q1 2025 to $26.64 in Q2 2025, and increased by 4.3% from $25.55 in Q2 2024 [30].

Financial Performance Highlights - Net income for the first six months of 2025 reached a record of $384.6 million, an increase of $44.9 million or 13% compared to the same period in 2024[10] - Diluted earnings per share (EPS) for the first six months of 2025 were $5.47, up $0.26 or 5% from the same period in 2024[10] - Net interest income for the first six months of 2025 was $1.1 billion, an increase of $138.4 million or 15% compared to the same period in 2024[10] - Total assets reached $69.0 billion, an increase of $9.2 billion or 15% compared to June 2024[10, 16] - Total loans amounted to $51.0 billion, an increase of $6.3 billion or 14% compared to June 2024[10, 16] - Total deposits increased to $55.8 billion, an increase of $7.8 billion or 16% compared to June 2024[10, 16] Balance Sheet and Capital - Tangible book value per common share (non-GAAP) increased to $81.86 as of June 30, 2025[10, 14] - The investment portfolio totaled $8.7 billion as of June 30, 2025, representing 13% of total assets[41] Credit Quality - Non-performing loans totaled $189 million, comprising 0.37% of total loans as of June 30, 2025[16]

Core Insights - KeyCorp reported a revenue of $1.8 billion for Q2 2025, reflecting a 21% increase year-over-year, driven by a 10% growth in noninterest income and a 4% increase in net interest income [1][2][6] - The net income attributable to Key common shareholders for Q2 2025 was $387 million, or $0.35 per diluted common share, compared to $370 million, or $0.33 per diluted common share in Q1 2025, and $237 million, or $0.25 per diluted common share in Q2 2024 [1][5][49] - The company experienced a decline in net loan charge-offs by 8% quarter-over-quarter, indicating stable to improved credit metrics [1][20] Revenue and Income - Total revenue for Q2 2025 was $1.84 billion, up 20.6% from $1.526 billion in Q2 2024, with net interest income at $1.15 billion, a 27.9% increase year-over-year [6][49] - Noninterest income reached $690 million, a 10% increase from $627 million in Q2 2024, driven by higher investment banking and debt placement fees [10][11][49] Expenses - Noninterest expenses increased to $1.154 billion, a 7% rise from $1.079 billion in Q2 2024, primarily due to higher personnel expenses related to incentive compensation [13][14][49] - The company managed to keep deposit costs below 2%, with average deposits totaling $147.4 billion, reflecting a 2.3% increase year-over-year [18][19] Asset Quality - Net loan charge-offs for Q2 2025 were $102 million, or 0.39% of average total loans, compared to $91 million, or 0.34%, in Q2 2024 [20][22] - Nonperforming loans at the end of Q2 2025 totaled $696 million, representing 0.65% of period-end portfolio loans, stable compared to previous quarters [23][22] Capital Position - KeyCorp's Common Equity Tier 1 ratio was 11.7% as of June 30, 2025, maintaining a strong capital position above regulatory benchmarks [25][27] - The company declared a dividend of $0.205 per common share in May 2025, consistent with previous quarters [28][49] Business Segments Performance - The Consumer Bank segment generated $912 million in revenue, a 20.3% increase from Q2 2024, with net income of $122 million [32][35] - The Commercial Bank segment reported $974 million in revenue, up 26.8% year-over-year, with net income of $349 million [31][38]

Core Insights - Bank First Corporation reported a net income of $16.9 million, or $1.71 per share, for Q2 2025, an increase from $16.1 million, or $1.59 per share, in Q2 2024 [1] - For the first half of 2025, net income was $35.1 million, or $3.53 per share, compared to $31.5 million, or $3.10 per share, in the same period of 2024 [1] Operating Results - Net interest income (NII) for Q2 2025 was $36.7 million, up $0.2 million from the previous quarter and $3.7 million from Q2 2024 [3] - Net interest margin (NIM) improved to 3.72% in Q2 2025, compared to 3.65% in Q1 2025 and 3.63% in Q2 2024 [4] - The increase in NIM was supported by higher yields on new and renewed loans while deposit rates decreased [4] Credit Losses - The provision for credit losses was $0.2 million in Q2 2025, down from $0.4 million in Q1 2025, and no provision was recorded in Q2 2024 [5] Noninterest Income and Expenses - Noninterest income for Q2 2025 was $4.9 million, down from $6.6 million in Q1 2025 and $5.9 million in Q2 2024 [6] - Noninterest expense totaled $20.8 million in Q2 2025, slightly up from $20.6 million in Q1 2025 and $19.1 million in Q2 2024 [7] Balance Sheet - Total assets were $4.37 billion as of June 30, 2025, a decrease of $130 million from December 31, 2024, but an increase of $219.3 million from June 30, 2024 [9] - Total loans reached $3.58 billion, up $63.2 million from December 31, 2024, and up $151.7 million from June 30, 2024 [9] Deposits - Total deposits were $3.60 billion as of June 30, 2025, down $65.6 million from December 31, 2024, but up $195.5 million from June 30, 2024 [10] Asset Quality - Nonperforming assets were $13.6 million at June 30, 2025, with a nonperforming assets to total assets ratio of 0.31% [11] Capital Position - Stockholders' equity was $612.3 million at June 30, 2025, a decrease of $27.4 million from the end of 2024 [12] - The book value per common share was $62.27 at June 30, 2025, compared to $63.89 at December 31, 2024 [12] Dividend Declaration - A quarterly cash dividend of $0.45 per common share was approved, payable on October 8, 2025 [13]

Company Overview - First Western Financial, Inc. is a financial services holding company headquartered in Denver, Colorado, with operations in Colorado, Arizona, Wyoming, California, and Montana [5] - The company provides a fully integrated suite of wealth management services on a private trust bank platform, including deposit, loan, trust, wealth planning, and investment management products and services [5] - First Western's common stock is traded on the NASDAQ Global Select Market under the symbol "MYFW" [5] Upcoming Financial Results - First Western will release its financial results for the second quarter ended June 30, 2025, after the markets close on Thursday, July 24, 2025 [1] - A conference call will be held on Friday, July 25, 2025, at 10:00 a.m. Mountain Time/12:00 p.m. Eastern Time to discuss the financial results [2] - The conference call will be webcast live on the News & Events page of First Western's investor relations website, with an archived version available shortly after the live call [4]

Core Insights - LHV Group experienced significant growth in its loan portfolio in May, with a consolidated increase of EUR 104 million, while deposits decreased by EUR 34 million [1][3] - The company reported a consolidated net profit of EUR 10.3 million for May, with a return on equity of 17.3% [2] - The number of customers for LHV Pank grew by 2,800, surpassing 470,000, indicating strong customer acquisition [3][8] Loan and Deposit Performance - The loan growth was robust at EUR 83 million, with EUR 51 million from corporate loans and EUR 32 million from private loans [3] - The overall quality of the loan portfolio remains strong, with a resolution found for one of the largest non-performing loans, leading to a reduction in provisions [3] - Corporate banking deposits decreased less than expected, while retail banking deposits increased by EUR 88 million [3] Subsidiary Performance - AS LHV Pank earned a net profit of EUR 10.5 million, while LHV Bank Ltd, LHV Kindlustus, and LHV Varahaldus reported net profits of EUR 28 thousand, EUR 339 thousand, and EUR 297 thousand respectively [2] - LHV Kindlustus continued stable revenue growth, concluding new insurance contracts worth EUR 3.15 million, with a total of 274,000 valid contracts by the end of May [5] - LHV Varahaldus saw its larger pension funds grow by 1.2% and 2.3%, with the LHV Pensionifond Indeks increasing by 5.6% [6] Market Developments - LHV Bank launched its initial retail customer offer in the UK, allowing customers to use the bank app and perform various banking functions [4] - The company issued AT1 bonds worth EUR 50 million in April, with EUR 15 million called back in May, and increased share capital by EUR 366,721.30 through a share option program [7] Company Overview - LHV Group is the largest domestic financial group in Estonia, with key subsidiaries including LHV Pank, LHV Varahaldus, LHV Kindlustus, and LHV Bank Limited [8] - The group employs over 1,150 people and serves 471,000 banking customers, 111,000 pension fund customers, and 176,000 insurance customers [8]

Core Viewpoint - KeyCorp is set to present at the Morgan Stanley U.S. Financials Conference on June 11, 2025, focusing on its performance, strategy, and outlook [1][2]. Company Overview - KeyCorp is celebrating its bicentennial in 2025, marking 200 years of service across the United States [3]. - The company is headquartered in Cleveland, Ohio, and is one of the largest bank-based financial services companies in the nation, with assets totaling approximately $189 billion as of March 31, 2025 [3]. - KeyCorp operates under the name KeyBank National Association, providing a range of services including deposit, lending, cash management, and investment services across 15 states through about 1,000 branches and 1,200 ATMs [4]. Services Offered - KeyCorp offers sophisticated corporate and investment banking products, including merger and acquisition advice, public and private debt and equity, syndications, and derivatives, primarily targeting middle market companies in selected industries throughout the U.S. under the KeyBanc Capital Markets brand [4].

Core Viewpoint - In May, the Loan Prime Rate (LPR) decreased by 10 basis points, leading to a collective reduction in deposit rates by major banks, which is expected to enhance support for the real economy while maintaining the stability of the banking system [1][2][5]. Group 1: LPR and Interest Rate Changes - The one-year LPR is now 3.0% and the five-year LPR is 3.5%, both down by 10 basis points, marking the first decline this year [2]. - The reduction in LPR is attributed to the People's Bank of China's decision to lower the policy interest rate by 0.1 percentage points, which has altered the pricing basis for LPR [2][6]. - Analysts suggest that the LPR decrease is a response to changes in the external economic environment, necessitating macroeconomic policy adjustments to stimulate domestic demand [2][3]. Group 2: Impact on Banking Sector - Major banks, including the six largest state-owned banks, have lowered deposit rates, with the current account rate down to 0.05% and various term deposit rates reduced by 15 to 25 basis points [5][6]. - The adjustments in deposit rates are expected to stabilize net interest margins for banks, as the overall deposit rate is projected to decline by approximately 0.11-0.13 percentage points [6][7]. - The banking sector's net interest margin was reported at 1.43% in the first quarter, down by 0.09 percentage points, indicating ongoing pressure on profitability [7]. Group 3: Future Outlook - There is a possibility of further LPR reductions within the year, although the extent may be limited due to the current economic conditions and policy measures [3][4]. - The focus may shift from reducing corporate financing and household credit costs to lowering overall social financing costs, emphasizing the importance of non-interest cost reductions [4].