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Credit Acceptance Announces Extension of Revolving Secured Warehouse Facility
Globenewswire· 2025-07-11 20:02
Southfield, Michigan, July 11, 2025 (GLOBE NEWSWIRE) -- Credit Acceptance Corporation (Nasdaq: CACC) (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced today that we extended the date on which our $75.0 million revolving secured warehouse facility will cease to revolve from September 30, 2026, to September 30, 2028. The interest rate on borrowings under the facility has decreased from the Secured Overnight Financing Rate (“SOFR”) plus 210 basis points to SOFR plus 185 basis ...
AutoNation Announces Second Quarter 2025 Earnings Conference Call and Audio Webcast Scheduled for Friday, July 25, 2025
Prnewswire· 2025-07-11 12:00
FORT LAUDERDALE, Fla., July 11, 2025 /PRNewswire/ -- AutoNation, Inc. (NYSE: AN), today announced that it will release its financial results for the second quarter ended June 30, 2025, on Friday, July 25, 2025, before the market opens. AutoNation management will discuss these results and other information regarding the Company during a conference call and audio webcast that same day at 9:00 a.m. Eastern Time.The conference call may be accessed by telephone at 833-470-1428 (Conference ID: 114047) or on AutoN ...
Midland States Bancorp, Inc. to Announce Second Quarter 2025 Financial Results on Thursday, July 24
Globenewswire· 2025-07-10 20:30
Financial Results Announcement - Midland States Bancorp, Inc. will issue its second quarter 2025 financial results after market close on July 24, 2025 [1] - An investor presentation will accompany the financial results and will be available on the company's investor relations website [1] Company Overview - Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois [2] - The company is the sole shareholder of Midland States Bank and had total assets of approximately $7.28 billion as of March 31, 2025 [2] - The Wealth Management Group of the company had assets under administration of approximately $4.10 billion [2] - The company offers a full range of commercial and consumer banking products and services, including business equipment financing, merchant credit card services, trust and investment management, insurance, and financial planning services [2]
Enova Announces Date of Second Quarter 2025 Financial Results Conference Call
Prnewswire· 2025-07-10 20:16
Core Viewpoint - Enova International will release its second quarter 2025 financial results on July 24, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 4 p.m. Central Time / 5 p.m. Eastern Time on the same day [2] - A live webcast of the call will be available on the Enova International Investor Relations website, along with the earnings press release and supplemental financial information [2] Group 2: Conference Call Details - The U.S. dial-in number for the call is 1-855-560-2575, with a separate number for non-U.S. callers [3] - A replay of the conference call will be accessible until July 31, 2025, at 10:59 p.m. Central Time / 11:59 p.m. Eastern Time [3] - The replay access code for the conference call is 9191893 [3] Group 3: Company Overview - Enova International is a leading online financial services company that has provided over $61 billion in loans and financing to more than 12 million customers over its 20-year history [4] - The company focuses on serving small businesses and consumers who are underserved by traditional banks, utilizing machine learning algorithms and proprietary technology [4]
XAVIER DEROT APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES
Globenewswire· 2025-07-08 14:00
July 3rd, 2025 PRESS RELEASE XAVIER DEROT APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES Martin Thomas, Chief Executive Officer of Mobilize Financial Services, has announced the appointment of Xavier Derot as Deputy CEO, effective July 1, 2025. This appointment is subject to the approval of the European Central Bank. Xavier Derot, currently VP, Sales and Operations and a member of the Executive Committee of Mobilize Financial Services since September 1, 2024, will take up the role ...
SoFi Stock Up 36% — May Rise On Crypto, Student Loan Policy Boosts
Forbes· 2025-07-08 13:05
Core Insights - SoFi Technologies is experiencing significant stock growth due to favorable regulatory changes in cryptocurrency and student loan policies [1][2][7] Group 1: Cryptocurrency Services - The Office of the Comptroller of the Currency's regulatory letters allow nationally chartered banks to custody crypto assets and execute blockchain payments, which is expected to benefit SoFi's cryptocurrency services by the end of 2025 [2][9] - SoFi's stock has increased by 36% in 2025, although analysts suggest it is nearly 23% overvalued [2][4] - The OCC's rulings enhance SoFi's revenue streams in crypto trading and remittance processing, positioning the company favorably against competitors like Coinbase and Kraken [9][10] Group 2: Student Lending - The Big Beautiful Bill Act reduces federal student loan caps, likely driving more borrowers to SoFi and other private lenders, with federal borrowing decreasing by approximately 28% for graduate students [7][13] - SoFi's original business focus on student loan refinancing positions it to capitalize on the new federal loan limits, with expectations of increased refinancing demand as debt collection resumes [13][14] - SoFi's market share in student lending is strong, and the company is anticipated to be a primary beneficiary of the increased demand due to other lenders pulling back [15] Group 3: Financial Performance - In Q1 2025, SoFi reported adjusted net revenue of $772 million, a 33% increase year-over-year, exceeding analyst expectations [5] - The company raised its 2025 guidance for net revenue to $3.273 billion and increased its EPS guidance to $0.275 per share [6] - Analysts predict that SoFi could outperform expectations in its upcoming Q2 report due to the unlocked growth opportunities from regulatory changes [4]
Apollo Commercial Real Estate Finance, Inc. Announces Dates for Second Quarter 2025 Earnings Release and Conference Call
Globenewswire· 2025-07-08 12:00
Certain statements contained in this press release constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are intended to be covered by the safe harbor provided by the same. Forward-looking statements are subject to substantial risks and uncertainties, many of which are difficult to predict and are generally beyond the Company's control. These forward-looki ...
Alpine Income Property Trust Announces Second Quarter and Year-to-Date 2025 Transaction Activity
Globenewswire· 2025-07-07 20:10
Core Viewpoint - Alpine Income Property Trust, Inc. reported its second quarter and year-to-date 2025 portfolio and transaction activities, highlighting significant investment and disposition activities along with a balance sheet update [1]. Portfolio and Transaction Activity - The total investment activity year-to-date in 2025 amounts to $85.9 million in acquisition and structured investment transactions, with a weighted average initial investment yield of 9.1% [2]. - Year-to-date total disposition activity includes $28.2 million in asset sales, achieving a weighted average exit cash cap rate of 8.4% [2]. - The weighted average lease term as of June 30, 2025, is 8.9 years [2]. Second Quarter 2025 Details - The company sold five net lease properties, including two leased to Walgreens, for a total disposition volume of $16.5 million at a weighted average exit cap rate of 7.9% [7]. - A seller financing structured investment was originated in conjunction with the disposition of a property leased to Old Time Pottery, along with a new first mortgage loan totaling $6.6 million in principal, fully funded at closing with a weighted average initial yield of 9.8% [7]. - Bass Pro Shops completed its renovation on schedule, with a grand opening on May 21, 2025, for a 66,033-square foot property in Hermantown, MN, re-leased under a 20-year initial lease term [7]. - A $25.5 million construction loan for Publix land development in Charlotte, NC, was fully repaid, with a current yield of 9.5% [7]. - During the quarter ended June 30, 2025, the company repurchased 272,565 shares of common stock at a weighted average gross price of $15.81 per share, totaling $4.3 million [7]. - Year-to-date 2025, the company repurchased 546,390 shares at a weighted average gross price of $16.07, costing $8.8 million [7]. - As of June 30, 2025, approximately $1.2 million remains on the current common stock buyback program [7]. - The company has no debt maturities until May 2026 [7]. Company Overview - Alpine Income Property Trust, Inc. is a publicly traded real estate investment trust focused on delivering attractive risk-adjusted returns and dependable cash dividends by investing in, owning, and operating a portfolio of single-tenant net leased commercial income properties, primarily leased to high-quality publicly traded and credit-rated tenants [4].
X @Bloomberg
Bloomberg· 2025-07-01 21:22
Brazil has raised interest rates on farm equipment financing, threatening to constrain a much-needed recovery in tractor sales https://t.co/8p5Pr7cNQn ...
Horizon Bancorp, Inc. Announces Conference Call to Review Second Quarter Results on July 24
Globenewswire· 2025-07-01 21:05
MICHIGAN CITY, Ind., July 01, 2025 (GLOBE NEWSWIRE) -- (NASDAQ GS: HBNC) – Horizon Bancorp, Inc. (“Horizon” or the “Company”) will host a conference call at 7:30 a.m. CT on Thursday, July 24, 2025 to review its second quarter 2025 financial results. The Company’s second quarter 2025 news release will be published after markets close on Wednesday, July 23, 2025. It will be available at investor.horizonbank.com. Participants may access the live conference call on July 24, 2025 at 7:30 a.m. CT (8:30 a.m. ET) b ...