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CNB COMMUNITY BANCORP, INC. REPORTS SECOND QUARTER 2025 RESULTS
Prnewswire· 2025-07-11 11:00
HILLSDALE, Mich., July 11, 2025 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX: CNBB), the parent company of County National Bank, today announced earnings for the three and six months ended June 30, 2025. Earnings during the second quarter of 2025 totaled $3.0 million, an increase of $82,000 or 2.8% compared to the $2.9 million earned during the three months ended June 30, 2024. The increase in net income was the result of an increase in net interest income as well as noninterest income, specifically d ...
Amalgamated Financial Corp. Announces Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-10 20:15
NEW YORK,, July 10, 2025 (GLOBE NEWSWIRE) -- Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its second quarter 2025 financial results will be released before market open on Thursday, July 24, 2025. The Company will host a conference call at 11:00 a.m. Eastern Time on the same day to discuss the financial results. Investors and analysts interested in participating in the call are invited to dial 1-877-407-9716 (international callers please dial 1-201-493-6779 ...
Stifel Reports May 2025 Operating Data
Globenewswire· 2025-06-26 20:15
ST. LOUIS, June 26, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today reported selected operating results for May 31, 2025, in an effort to provide timely information to investors on certain key performance metrics. Due to the limited nature of this data, a consistent correlation to earnings should not be assumed. Ronald J. Kruszewski, Chairman and Chief Executive Officer, said, “In May, recruiting and market appreciation drove a 3% increase in total client assets and a 4% increase in fee-bas ...
CNB Community Bancorp, Inc. Declares Quarterly Cash Dividend of $0.31 Per Share
Prnewswire· 2025-06-18 18:48
HILLSDALE, Mich., June 18, 2025 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.31 per share, an increase of $0.02 per share from the dividend paid for the 2nd Quarter of 2024, payable on July 11, 2025 for shareholders of record on June 30, 2025. About CNB Community Bancorp, Inc.CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company. Its subsidiary bank, Cou ...
Commerce Bancshares (CBSH) M&A Announcement Transcript
2025-06-16 16:00
Summary of Commerce Bancshares (CBSH) M&A Conference Call Company and Industry - **Company**: Commerce Bancshares Inc. - **Acquired Company**: Finemark Holdings Inc. (holding company of Finemark National Bank and Trust) - **Industry**: Banking and Wealth Management Core Points and Arguments 1. **Acquisition Announcement**: Commerce Bancshares announced the acquisition of Finemark Holdings, a private bank with nearly $8 billion in assets under management and $4 billion in banking assets, aiming to expand its presence in high-growth markets like Florida, Arizona, and South Carolina [5][6][10]. 2. **Wealth Management Focus**: The acquisition aligns with Commerce's strategy to enhance its wealth management platform, as Finemark has a strong non-interest revenue model, with 43% of its total revenue coming from non-interest sources [8][9]. 3. **Credit Quality**: Finemark has a strong credit history with only 13 basis points of cumulative net charge-offs over the last ten years, indicating a conservative approach to lending [9]. 4. **Combined Assets**: Post-acquisition, the combined entities will manage over $84 billion in total wealth assets, making it the sixteenth largest bank-managed trust company in the U.S. [10]. 5. **Leadership Transition**: Joseph Caddy, Chairman and CEO of Finemark, will become Chairman of Commerce Trust, ensuring continuity and leveraging his leadership experience [10]. 6. **Financial Metrics**: The deal is structured as a 100% stock transaction valued at approximately $585 million, with an EPS accretion of 6% expected once cost savings are realized [12][13]. 7. **Cost Savings and Integration**: Expected pre-tax cost savings of $15 million represent 15% of Finemark's non-interest expenses, with a focus on low integration risk due to similar business models [14][15]. 8. **Future Growth Potential**: The acquisition is expected to enhance Commerce's ability to drive sustainable growth, particularly in wealth management and private banking [18]. Additional Important Content 1. **Long-term Relationship**: The relationship with Finemark has been built over five years, indicating a strategic and measured approach to the acquisition [23][24]. 2. **Market Expansion**: The acquisition allows Commerce to solidify its presence in Florida and expand into Arizona and South Carolina, which are identified as attractive growth markets [8][51]. 3. **Asset Sensitivity**: The loan portfolio composition is expected to be similar to Commerce's, with asset repricing anticipated to enhance margins [25][26]. 4. **M&A Strategy**: While this is the first bank deal since 2013, Commerce maintains that M&A is part of its long-term strategy, focusing on commercial and wealth-focused banks [30][32]. 5. **Dividend and Buyback Plans**: Commerce plans to maintain its dividend policy and may resume stock buybacks in the second half of the year, despite the acquisition [54][55]. This summary encapsulates the key points from the conference call regarding the acquisition of Finemark Holdings by Commerce Bancshares, highlighting the strategic rationale, financial implications, and future growth opportunities.
Best Value Stock to Buy for June 13th
ZACKS· 2025-06-13 12:00
Here is the stock with buy rank and strong value characteristics for investors to consider today, June 13th:  Chemung Financial Corp (CHMG) : This bank holding company which is engaged thru the bank in full-service commercial and consumer banking and trust business, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.Chemung Financial has a price-to-earnings ratio (P/E) of 8.85 compared with 10.80 for the in ...
Best Income Stock to Buy for June 13th
ZACKS· 2025-06-13 11:51
Here is the stock with buy rank and strong income characteristics for investors to consider today, June 13th:Chemung Financial Corp (CHMG) : This bank holding company which is engaged thru the bank in full-service commercial and consumer banking and trust business, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.1% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of 2.6%, compared with the industry average of 2.4%. See the full list of ...
Stifel Completes Acquisition of Bryan Garnier
Globenewswire· 2025-06-02 11:30
ST. LOUIS, June 02, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the completion of its acquisition of Bryan, Garnier & Co. (“Bryan Garnier”), a leading independent full-service investment bank specializing in the European technology and healthcare sectors. “Bryan Garnier brings focused sector expertise, an entrepreneurial mindset, and a strong reputation for trusted advice—qualities that align closely with Stifel’s values and strategy,” said Ronald J. Kruszewski, Chairman and C ...
Here's Why Regions Financial (RF) is a Strong Value Stock
ZACKS· 2025-05-28 14:46
Core Insights - Zacks Premium offers tools for investors to enhance their stock market engagement and confidence through daily updates, research reports, and stock screens [1] - The Zacks Style Scores provide a framework for evaluating stocks based on value, growth, and momentum, aiding in identifying securities likely to outperform the market [2] Zacks Style Scores Overview - Stocks are rated A, B, C, D, or F based on their value, growth, and momentum characteristics, with higher scores indicating a better chance of outperforming [3] - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, appealing to value investors [4] - The Growth Score focuses on a company's financial health and future outlook, assessing projected and historical earnings, sales, and cash flow [5] - The Momentum Score leverages price trends and earnings estimate changes to identify favorable investment opportunities [6] - The VGM Score combines value, growth, and momentum scores to highlight stocks with the best overall potential [6] Zacks Rank and Style Scores Interaction - The Zacks Rank is a proprietary model based on earnings estimate revisions, which has shown a strong historical performance with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988 [7][8] - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 alongside Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings outlooks [10] Company Spotlight: Regions Financial - Regions Financial Corporation is a financial holding company based in Birmingham, AL, offering a range of banking and financial services [11] - The company holds a Zacks Rank of 3 (Hold) and a VGM Score of A, indicating solid performance potential [11] - Regions Financial has a Value Style Score of B, supported by a forward P/E ratio of 9.67, making it attractive to value investors [12] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing to $2.24 per share, alongside an average earnings surprise of 6.7% [12]
Peakstone Realty Trust (PKST) Beats Q1 FFO Estimates
ZACKS· 2025-05-08 23:50
分组1 - Peakstone Realty Trust reported quarterly funds from operations (FFO) of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, but down from $0.70 per share a year ago, representing an FFO surprise of 5.08% [1] - The company posted revenues of $56.97 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.99%, and down from $59.23 million year-over-year [2] - Over the last four quarters, Peakstone Realty Trust has surpassed consensus FFO estimates two times, but has not beaten consensus revenue estimates [2] 分组2 - The stock has added about 0.6% since the beginning of the year, while the S&P 500 has declined by 4.3% [3] - The current consensus FFO estimate for the coming quarter is $0.60 on revenues of $55.88 million, and for the current fiscal year, it is $2.18 on revenues of $219.83 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 42% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]