Workflow
Wealth
icon
Search documents
Sun Life declares dividends on Common and Preferred Shares payable in Q1 2026
Prnewswire· 2026-02-11 22:02
Sun Life declares dividends on Common and Preferred Shares payable in Q1 2026 [Accessibility Statement] Skip NavigationTORONTO, Feb. 11, 2026 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.92 per share on the common shares of the Company has been declared, payable March 31, 2026 to shareholders of record at the close of business on February 25, 2026. This is the same amount as paid in the previous qu ...
Truxton Corporation Announces Increased Quarterly Cash Dividend for 2026 and a $5 Million Repurchase Authorization
Globenewswire· 2026-01-29 14:00
Core Viewpoint - Truxton Corporation has announced a significant increase in its quarterly cash dividend, reflecting strong financial performance and a commitment to returning value to shareholders [1] Dividend Announcement - The Board of Directors approved a quarterly cash dividend of $0.88 per common share, payable on March 24, 2026, to shareholders of record as of March 10, 2026 [1] - This represents a 76% increase over the 2025 regular quarterly dividend of $0.50 [1] - The annualized dividend of $3.52 is 17% higher than the total of $3.00 per share paid in 2025 [1] - Truxton Corporation has increased its dividends for fourteen consecutive years [1] Stock Repurchase Program - The Board has authorized a stock repurchase program allowing the Corporation to acquire up to $5 million of its common shares over a one-year period following the release of fourth quarter earnings [2] - Shares may be purchased in open-market or private transactions at management's discretion, subject to applicable securities laws [2] Program Flexibility - The share repurchase program can be extended, modified, amended, suspended, or discontinued at the Corporation's discretion [3] - The timing, number, and value of shares to be purchased will depend on various factors, including stock price performance and capital planning considerations [3] Company Overview - Truxton is a provider of wealth, banking, and family office services for wealthy individuals and their business interests [4] - Founded in 2004 in Nashville, Tennessee, Truxton emphasizes customized solutions for complex financial needs [4]
Truxton Corporation Reports Fourth Quarter and Full Year 2025 Results
Globenewswire· 2026-01-29 14:00
Core Insights - Truxton Corporation reported a fourth quarter net income of $5.48 million, or $1.90 per diluted share, an increase from $4.99 million, or $1.74 per diluted share, in the same quarter of 2024 [1][2] - For the full year 2025, net income rose by 17% to $21.5 million from $18.4 million in 2024, with earnings per diluted share increasing by 18% to $7.46 from $6.34 [2] Financial Performance - Non-interest income for the fourth quarter of 2025 was $5.9 million, which is $140 thousand lower than the third quarter of 2025 but $81 thousand higher than the fourth quarter of 2024 [5] - Loans increased by 13% to $814 million at year-end compared to $721 million at September 30, 2025, and were up 21% from $670 million at December 31, 2024 [5] - Total deposits rose by 7% from $1.16 billion at September 30, 2025, to $1.24 billion at December 31, 2025, and were 43% higher compared to $866 million at December 31, 2024 [5] Asset Quality and Capital Position - The net interest margin for the fourth quarter of 2025 was 2.97%, an increase of 15 basis points from 2.82% in the previous quarter and 18 basis points from 2.79% in the same quarter of 2024 [5] - The allowance for credit losses on loans was $7.4 million at December 31, 2025, compared to $7.0 million at September 30, 2025, and $6.4 million at December 31, 2024 [5] - Truxton's Tier 1 leverage ratio was 8.77% at December 31, 2025, down from 8.90% at September 30, 2025, and 10.63% at December 31, 2024 [5] Shareholder Returns - During the twelve months ended December 31, 2025, Truxton Corporation paid dividends of $3.00 per common share, which included a $1.00 special cash dividend, and repurchased 11,700 shares of its common stock for $923 thousand [5]
Sun Life U.S. named a Top Place to Work by the Boston Globe for eighth consecutive year
Prnewswire· 2025-12-04 17:50
Core Insights - Sun Life U.S. has been recognized as a Top Place to Work by the Boston Globe for eight consecutive years, reflecting its strong employee engagement and workplace culture [1][2][3] - The company has also received national recognition, including the USA Today Top Workplace award for five consecutive years, highlighting its commitment to employee satisfaction [1][3] Employee Engagement and Culture - Sun Life U.S. emphasizes a caring and purpose-driven culture, with a near 95% employee retention rate, indicating high levels of employee engagement [2][3] - The Wellesley office is the largest hub, housing approximately 1,300 employees, and the company operates in six U.S. cities and one office in Ireland [2][7] Work Environment and Benefits - Sun Life offers a flexible, hybrid work model that allows employees to choose their workdays, promoting better work/life balance [2][3] - The company provides a comprehensive range of benefits, including paid family and medical leave, mental health support, and a sabbatical program available every five years [3][7] Community Engagement - Sun Life U.S. maintains strong community ties, partnering with the Boston Celtics and supporting local initiatives like the YMCA of Greater Boston [4] Company Overview - Sun Life is a leading international financial services organization with total assets under management of C$1.62 trillion as of September 30, 2025 [5] - The company operates in multiple markets worldwide, including the U.S., Canada, and several Asian countries, providing a wide array of financial services [5][6]
StanChart third-quarter profit rises 3%, beats estimates
Reuters· 2025-10-30 04:17
Core Insights - Standard Chartered reported a 3% increase in third-quarter pretax profit, surpassing analyst expectations, driven by strong performance in wealth management, global banking, and markets businesses [1] Financial Performance - The company's third-quarter pretax profit rose by 3%, indicating robust financial health and effective management strategies [1] - Revenue growth was primarily attributed to the strong performance in wealth management and global banking sectors [1] Business Segments - Wealth management, global banking, and markets businesses were highlighted as key contributors to the revenue increase, showcasing the company's diversified income streams [1]
Truxton Corporation Reports Third Quarter 2025 Results
Globenewswire· 2025-10-23 13:00
Core Insights - Truxton Corporation reported a net income of $5.6 million for Q3 2025, representing a 23% increase from $4.6 million in Q3 2024, with diluted earnings per share rising to $1.95 from $1.57 [1][2][8] Financial Performance - Non-interest income for Q3 2025 was $6.0 million, down 2% from Q2 2025 but up 8% from Q3 2024 [4] - Wealth revenue increased to $5.6 million, an 8% rise from Q2 2025 and a 7% increase from Q3 2024 [4] - Loans grew by 4% to $721 million compared to $692 million at the end of Q2 2025, and up 8% from $665 million at the end of Q3 2024 [4] - Total deposits increased by 11% from $1.05 billion at the end of Q2 2025 to $1.16 billion at the end of Q3 2025, and were 30% higher than $889 million at the end of Q3 2024 [4] Interest and Capital Metrics - Net interest margin for Q3 2025 was 2.82%, a decrease of 10 basis points from Q2 2025 but an increase of 13 basis points from Q3 2024 [4][12] - The cost of funds rose to 3.08% in Q3 2025 from 3.01% in Q2 2025, down from 3.48% in Q3 2024 [4][12] - The Tier 1 leverage ratio was 8.90% at the end of Q3 2025, down from 9.36% at the end of Q2 2025 and 10.45% at the end of Q3 2024 [4][12] Shareholder Returns - Truxton Corporation paid dividends of $2.50 per common share during the first nine months of 2025, including a special cash dividend of $1.00, and repurchased 11,700 shares for $923 thousand [4] - The book value per common share increased to $38.51 at the end of Q3 2025 from $35.75 at the end of Q2 2025 and $33.30 at the end of Q3 2024 [4][11]
Citi reports a rise in earnings with every business posting record third-quarter revenue
Youtube· 2025-10-14 12:59
Core Insights - Citigroup reported a strong third quarter, with all five divisions achieving record revenues, leading to an overall revenue increase of 9% to $22.1 billion [1][2]. Group 1: Revenue Performance - The banking division, which includes investment and corporate banking, was the largest contributor, with a revenue increase of 34% [2]. - The markets division, encompassing sales, trading, and financing, generated $5.6 billion in Q3, making it the highest earner [2]. - The services, wealth, and US personal banking divisions each experienced growth of 7% to 8% during the quarter [2]. Group 2: Profitability Metrics - Net interest income rose by 12%, surpassing estimates by approximately $0.5 billion, contributing to a positive market reaction with shares up about 1% [3]. - Credit costs amounted to $2.5 billion, primarily due to losses in US cards and a minor firmwide allowance for credit losses [3]. Group 3: Expenses and Charges - A goodwill impairment charge related to the sale of a minority stake in Banamax impacted expenses, which increased by 9%, although this non-cash charge did not affect capital [4]. - Excluding the one-time charge, Citigroup's expenses rose by about 3%, attributed to higher compensation and the effects of a weaker dollar [4]. Group 4: Stock Performance - Citigroup shares have increased over 36% year-to-date, making it the second-best performer among the six largest US banks [5].
Goldman Sachs Expands Stake in Sun Life Financial Inc. (SLF)
Yahoo Finance· 2025-09-24 20:58
Group 1 - Sun Life Financial Inc. (NYSE:SLF) is considered one of the best safe stocks to buy currently, with Goldman Sachs increasing its holdings by 282.5% in the first quarter, acquiring 2,050,891 additional shares, bringing its total to 2,776,920 shares valued at $159,006,000 [1] - The company is ideal for investors seeking stable income, offering an attractive dividend yield, solid underlying earnings, and a conservative payout ratio, supported by a diversified business mix and strong market presence [2] - Sun Life Financial's transition to a capital-light business model has been successful, enhancing its asset management capabilities as revealed during the Barclays 23rd Annual Global Financial Services Conference [3] Group 2 - Sun Life Financial Inc. is a Canadian financial services company founded in 1871, providing asset management, wealth, insurance, and health solutions, with a commitment to achieving lifetime financial security [4]
Jefferies to Release its Third Quarter Financial Results on September 29, 2025
Businesswire· 2025-09-15 20:15
Core Viewpoint - Jefferies Financial Group Inc. will release its third quarter financial results on September 29, 2025, after market close [1] Company Overview - Jefferies is a leading global, full-service investment banking and capital markets firm [1] - The company provides a range of services including advisory, sales and trading, research, wealth, and asset management [1] - Jefferies operates more than 40 offices worldwide, offering insights and expertise to investors and companies [1]
Continued Growth at Truxton Wealth Leads to Advisor Promotions
Globenewswire· 2025-07-09 18:12
Core Insights - Truxton has announced the promotion of Buck Patton to Senior Vice President, Wealth Advisor, and Brandt Warner to Vice President, Wealth Advisor [1] Group 1: Promotions and Roles - Buck Patton has been with Truxton since 2018, serving in various roles including Portfolio Analyst and Financial Advisor, and has significantly impacted the firm and its clients [2] - Brandt Warner joined Truxton in 2024 as an Assistant Vice President, Wealth Advisor, and has quickly become a key contributor known for his strategic thinking and technical expertise [3][4] Group 2: Contributions and Impact - Buck Patton has refined processes and led complex client initiatives, earning certifications as a CERTIFIED FINANCIAL PLANNER™ and Certified Private Wealth Advisor [2] - Brandt Warner has improved core processes and has a client-first mindset, enhancing internal operations and building trust among clients [3][4] Group 3: Company Overview - Truxton is a premier provider of wealth, banking, and family office services, founded in 2004 in Nashville, Tennessee, and focuses on customized solutions for complex financial needs [4]