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First Financial gets regulatory approval for BankFinancial acquisition
Yahoo Finance· 2025-12-16 11:48
Core Viewpoint - First Financial has received regulatory approval for its acquisition of BankFinancial, which is valued at approximately $142 million in an all-stock deal [1][2]. Group 1: Acquisition Details - The acquisition agreement allows BankFinancial shareholders to receive 0.48 shares of First Financial for each share they hold [1]. - The merger has been unanimously approved by the boards of directors of both companies and is expected to close by January 1, 2026, pending customary closing conditions and shareholder approval [2]. Group 2: Strategic Implications - This acquisition is aimed at expanding First Financial's presence in the Chicagoland area, where BankFinancial operates 18 financial centers [2]. - Upon completion, First Financial will take over BankFinancial's consumer and wealth management services, along with all its employees, and will add selected commercial credit lines to its existing operations [3]. Group 3: Recent Acquisitions - Last month, First Financial completed the acquisition of Westfield Bancorp and its subsidiary, Westfield Bank, in a cash-and-stock transaction valued at $325 million [4]. - The retail locations and services of Westfield Bank will operate under First Financial's network until the conversion process is completed, which is anticipated by March 2026 [4].
H&R Block’s (NYSE:HRB) Q3: Beats On Revenue
Yahoo Finance· 2025-11-06 21:55
Core Insights - H&R Block reported Q3 CY2025 results that exceeded Wall Street's revenue expectations, with sales increasing by 5% year-on-year to $203.6 million [1] - The company anticipates full-year revenue to be approximately $3.89 billion, aligning closely with analysts' estimates [1] - The non-GAAP loss per share was $1.20, which was 11.3% better than analysts' consensus estimates [1] Company Overview - H&R Block, founded in 1955, specializes in tax preparation and offers professional tax assistance and financial solutions to individuals and small businesses [4] Revenue Growth - The company has experienced a sluggish annualized revenue growth of 5.3% over the last five years, which is below the standard for the consumer discretionary sector [5] - Recent performance indicates a slowdown in demand, with an annualized revenue growth of 4.2% over the last two years, also below the five-year trend [6] Financial Highlights - Revenue for Q3 was $203.6 million, surpassing analyst estimates of $200.6 million, reflecting a 5% year-on-year growth [7] - Adjusted EPS was -$1.20, beating analyst estimates of -$1.35 by 11.3% [7] - Adjusted EBITDA was -$170 million, better than the expected -$202.8 million, with an EBITDA margin of -83.5% [7] - The company reaffirmed its full-year revenue guidance of $3.89 billion and adjusted EPS guidance of $4.93 [7] - EBITDA guidance for the full year is set at $1.03 billion, consistent with analyst expectations [7] - The operating margin improved to -106%, up from -118% in the same quarter last year [7] - Free cash flow was reported at -$370 million, compared to -$347.3 million in the same quarter last year [7] - Market capitalization stands at $6.47 billion [7]
Uwharrie Capital Corp Third Quarter 2025 - Earnings Release and Dividend Declaration
Prnewswire· 2025-10-29 16:36
Accessibility StatementSkip Navigation ALBEMARLE, N.C., Oct. 29, 2025 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank (the "Bank"), reported consolidated total assets of $1.22 billion at September 30, 2025, versus $1.13 billion at December 31, 2024. Net income for the nine-month period ended September 30, 2025, was $8.3 million versus $7.6 million for the same period in 2024. For the nine months ended September 30, 2025, net income available to common shareholders was $ ...
Provident Bank Announces $63,000 in Grants to Eight New Jersey Non-Profit Organizations
Globenewswire· 2025-10-23 12:00
Core Points - Provident Bank awarded $63,000 in grants to eight local non-profit organizations through its Community Partnership Program, focusing on community development, economic empowerment, financial literacy, and housing in low- and moderate-income areas of New Jersey [1][4][6] - The Community Partnership Program demonstrates Provident Bank's commitment to collaborating with non-profits to support long-term economic prosperity in the communities it serves [2][6] - The non-profit recipients include organizations dedicated to affordable housing, education, financial resources, and community empowerment, such as the Urban League of Essex County and Ironbound Community Corporation [4][5] Summary by Category Funding and Grants - Provident Bank provided a total of $63,000 in grants to eight local non-profits, supporting initiatives that promote community development and economic empowerment [1][4] - The funding aims to enhance financial literacy and education, as well as housing and homeownership opportunities in low- and moderate-income communities [1][4] Community Impact - The awarded organizations are making significant contributions to their communities, focusing on affordable housing, education access, and economic self-sufficiency [4][5] - Notable recipients include the Housing Partnership, which promotes responsible homeownership, and NORWESCAP, which creates opportunities for low-income families [4][5] Organizational Commitment - Since July 2023, Provident Bank has partnered with over a dozen local non-profits through the Community Partnership Program, emphasizing economic opportunity and sustainable growth [5][6] - The bank's initiatives are designed to uplift local residents and strengthen community ties, reflecting its dedication to fostering inclusive economic development [6][7]
Bank OZK Announces Date for Third Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-09-30 20:01
Core Viewpoint - Bank OZK is set to report its third quarter 2025 earnings on October 16, 2025, with management comments released simultaneously [1] Group 1: Earnings Announcement - The earnings report for the third quarter of 2025 will be available after market close on October 16, 2025 [1] - Management's comments will accompany the earnings press release and financial supplement, accessible on the Bank's investor relations website [1] Group 2: Conference Call Details - A conference call for questions will take place at 7:30 a.m. CT (8:30 a.m. ET) on October 17, 2025 [2] - Participants can join the call via webcast or telephone, with registration required for telephone access [2] - A replay of the conference call will be available on the Bank's website for at least 30 days [2] Group 3: General Information - Bank OZK, established in 1903, operates over 250 offices across nine states and had total assets of $41.5 billion as of June 30, 2025 [3] - The Bank focuses on providing innovative financial solutions through expert bankers [3]
Dividend Stability in Financial Services: The Case for Bank of New York Mellon (BK)
Yahoo Finance· 2025-09-28 01:19
Core Insights - The Bank of New York Mellon Corporation (BK) is recognized as one of the 11 Best Bank Dividend Stocks to Buy, highlighting its strong position in the market [1] - The bank has a long-standing history of over 240 years, providing innovative financial solutions globally [2] Financial Performance - In the latest quarterly results, BK reported an increase in average assets due to deposit growth, with a CET1 ratio of 11.5%, consistent with the previous period [3] - During the second quarter, BK returned $1.2 billion in capital to common shareholders, resulting in a year-to-date total payout ratio of 92% [3] Dividend Information - BK currently pays a quarterly dividend of $0.53 per share, translating to a dividend yield of 1.96% as of September 24 [4] - The company has a strong dividend history, having increased its payouts for 15 consecutive years, making it one of the best dividend stocks in the banking sector [4]
Simmons First National Corporation Announces Third Quarter 2025 Earnings Release Date and Conference Call
Prnewswire· 2025-09-24 20:30
Group 1 - Simmons First National Corporation is scheduled to release its third quarter 2025 earnings on October 16, 2025, after market closing [1] - A live conference call will be held on October 17, 2025, at 7:30 a.m. Central Time to discuss the earnings [1] - The conference call can be accessed by dialing a toll-free number and will also be available live and recorded on the company's website for at least 60 days [1] Group 2 - Simmons First National Corporation has paid cash dividends to shareholders for 116 consecutive years [2] - The company operates over 220 branches across six states: Arkansas, Kansas, Missouri, Oklahoma, Tennessee, and Texas [2] - Simmons Bank has received multiple accolades, including recognition as one of America's Greatest Workplaces 2025 in Arkansas and one of America's Best Regional Banks 2025 [2]
Tickets on Sale for Simmons Bank Championship Caddie Shootout presented by Saracen Casino Resort
Prnewswire· 2025-09-10 18:23
Event Overview - The inaugural Caddie Shootout will take place on October 21, 2025, from 6-9 p.m. at Pleasant Valley Country Club, Little Rock, Arkansas [1] - This competition will feature caddies paired in two-man teams for an alternate-shot format on Holes 16, 17, and 18, with eliminations on each hole until a champion is determined [2] Ticket Information - Tickets for the event are priced at $75, which includes entry to the Western-themed event, access to hospitality areas, live music, and food and drinks from local restaurants [2] - Ticket availability is limited, and early purchase is encouraged through the tournament's official website [2] Tournament Context - The Caddie Shootout is part of the Simmons Bank Championship presented by Stephens, scheduled for October 20-26, 2025, at Pleasant Valley Country Club [3] - The Simmons Bank Championship is a PGA TOUR Champions Charles Schwab Cup Playoff event featuring a 54-player field and a total purse of $2.3 million, emphasizing charitable contributions [5] Company Background - Simmons Bank, a subsidiary of Simmons First National Corporation, operates over 220 branches across several states and has a long history of paying cash dividends for 116 consecutive years [6] - The bank has received multiple accolades, including recognition as one of America's Best Regional Banks and Best Companies to Work For in the South [6]
Second Quarter 2025 - Earnings Release
Prnewswire· 2025-07-25 17:55
Financial Performance - Uwharrie Capital Corp reported consolidated total assets of $1.17 billion as of June 30, 2025, an increase from $1.13 billion at December 31, 2024 [1] - Net income for the six-month period ended June 30, 2025, was $5.4 million, up from $4.6 million for the same period in 2024 [2] - For the six months ended June 30, 2025, net income available to common shareholders was $5.1 million, or $0.72 per share, compared to $4.3 million, or $0.60 per share, for the same period in 2024 [2] - Net income for the three-month period ended June 30, 2025, was $2.8 million, an increase from $2.2 million for the same period in 2024 [3] - For the three months ended June 30, 2025, net income available to common shareholders was $2.7 million, or $0.38 per share, compared to $2.1 million, or $0.29 per share, for the same period in 2024 [3] Company Overview - Uwharrie Capital Corp provides a full range of financial solutions through its subsidiaries, Uwharrie Bank and Uwharrie Investment Advisors [4]
Provident Bank Expands Newark Presence with New Branch, Reinforces Commitment to Local Community
Globenewswire· 2025-06-10 12:00
Core Insights - Provident Bank has opened its fourth branch in Newark, New Jersey, reinforcing its commitment to local businesses and consumers [5][6] - The new branch is strategically located at the Ironside Newark Building, enhancing accessibility for the community [5] - Provident Bank has partnered with three local non-profits, donating $2,500 to each during the branch's ribbon-cutting ceremony [6][9] Company Overview - Provident Bank, founded in 1839, is New Jersey's oldest community-focused financial institution and a subsidiary of Provident Financial Services, Inc. [9] - As of March 31, 2025, Provident Bank has assets totaling $24.22 billion and operates over 140 branches across New Jersey and parts of New York and Pennsylvania [9] - The bank offers a variety of financial solutions, including fiduciary and wealth management services through its subsidiary, Beacon Trust Company [9]