INDIANA, Pa., Jan. 09, 2026 (GLOBE NEWSWIRE) -- First Commonwealth Financial Corporation (NYSE: FCF) announced today that it will host a conference call on Wednesday, January 28, 2026 at 2:00 p.m. Eastern Time to discuss financial results for the quarter ended December 31, 2025. The call will be hosted by T. Michael Price, President and Chief Executive Officer. He will be joined by James Reske, Executive Vice President and Chief Financial Officer, Jane Grebenc, Executive Vice President and Chief Revenue Off ...

Earnings Expectations: Analysts forecast an EPS of $1.72 and revenue of $20.67 billion for the upcoming quarterly earnings.Investment Strategy: Citigroup emphasizes dynamic portfolios to navigate the unpredictable macroeconomic landscape of 2025.Financial Health Concerns: Challenges in cash flow generation and liquidity are highlighted, alongside a high debt-to-equity ratio.Citigroup Inc. (NYSE:C) is a leading global bank offering a comprehensive range of financial services, including consumer banking, inve ...

Core Insights - Enova International, Inc. has signed a definitive agreement to acquire Grasshopper Bancorp, Inc. and its subsidiary Grasshopper Bank N.A. for approximately $369 million in cash and stock [1][4] - Grasshopper Bank, founded in 2019, reported over $1.4 billion in total assets as of September 30, 2025, and holds approximately $3 billion in total deposits [1][3] Company Overview - Enova is a financial services company leveraging machine learning and analytics, with over 20 years of experience in online lending and credit risk management [3] - Grasshopper provides digital financial solutions, including Banking-as-a-Service (BaaS), commercial lending, and consumer banking [2] Transaction Details - The acquisition is expected to close in the second half of 2026, pending stockholder and regulatory approvals [4] - The transaction is projected to generate adjusted earnings per share accretion of over 15% in the first year and more than 25% once synergies are fully realized [4] Leadership Changes - Post-acquisition, Grasshopper Bank will operate as a subsidiary of Enova, with Mike Butler as President and Steve Cunningham as CEO of Grasshopper Bank [4]

Core Viewpoint - Enova International, Inc. has announced a definitive agreement to acquire Grasshopper Bancorp, Inc. for approximately $369 million in a cash and stock transaction, aiming to create a more diversified financial services provider by combining Enova's online lending capabilities with Grasshopper's digital banking infrastructure [1][6]. Company Overview - Enova is a leading financial services company utilizing machine learning and analytics, having provided over $65 billion in loans to more than 13 million customers over 20 years [11]. - Grasshopper is a full-service digital bank founded in 2019, with total assets exceeding $1.4 billion as of September 30, 2025, offering various financial solutions including Banking-as-a-Service (BaaS) and consumer banking [2][12]. Transaction Details - The acquisition is valued at approximately $369 million, to be paid in cash and newly issued Enova shares, subject to stockholder and regulatory approvals, and is expected to close in the second half of 2026 [6]. - The transaction is projected to generate adjusted earnings per share (EPS) accretion of over 15% in the first year and more than 25% once synergies are fully realized [6]. Strategic Benefits - The merger aims to enhance Enova's ability to provide a comprehensive suite of financial solutions, expand its market reach, and improve balance sheet strength through diversified funding opportunities [4][7]. - The combined entity is expected to increase financial inclusion by leveraging technology to serve a broader range of customers with transparent lending and banking services [7]. Leadership Changes - Following the acquisition, Mike Butler will serve as President of Grasshopper Bank, while Steve Cunningham will assume the role of Enova CEO effective January 1, 2026 [8].

Core Viewpoint - M&T Bank Corporation, valued at $30.1 billion, operates as a bank holding company providing a wide range of financial products and services through its various segments [1]. Company Overview - M&T Bank is classified as a "large-cap" stock, offering services such as commercial lending, consumer banking, wealth management, and investment services to a diverse clientele across the nation [2]. Stock Performance - M&T Bank's stock has decreased by 7.3% from its 52-week high of $211.23 and has seen a 1.7% decline over the past three months, underperforming compared to the Financial Select Sector SPDR Fund (XLF) [3][4]. - Year-to-date, M&T Bank shares have risen by 4.2%, which is lower than XLF's 10.7% increase, and over the past 52 weeks, the stock has declined by 7.3%, while XLF has returned 6.1% [4]. Financial Results - In Q3 2025, M&T Bank reported a net income of $792 million, or $4.82 per share, but the stock fell by 3.5% due to increased net charge-offs of $146 million compared to $108 million in Q2, indicating rising credit risk [5]. - Non-interest expenses rose due to $20 million in severance-related costs and an impairment related to a renewable energy tax credit investment [5]. Competitive Position - Rival Citizens Financial Group, Inc. has outperformed M&T Bank, with its stock gaining 27.4% year-to-date and 18.6% over the past 52 weeks [6]. - Despite M&T Bank's recent underperformance, analysts maintain a moderately optimistic outlook, with a consensus rating of "Moderate Buy" and a mean price target of $220.70, suggesting a 12.7% upside from current levels [6].

Core Viewpoint - First Commonwealth Financial Corporation has authorized a new $25 million share repurchase program following the completion of a previous program of the same amount, indicating a commitment to returning value to shareholders [1][2]. Group 1: Share Repurchase Program - The new share repurchase program is set at $25 million, allowing management to repurchase shares through various methods, including open market purchases and privately negotiated transactions [1][2]. - The previous repurchase program resulted in the buyback of 1,560,477 shares at a weighted average price of $16.02 [1]. Group 2: Company Overview - First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania, and operates 127 community banking offices across 30 counties in western and central Pennsylvania and Ohio [3]. - The company offers a comprehensive range of financial services, including commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance products through its subsidiaries [3].

Financial Summary - First Commonwealth Financial Corporation reported a GAAP net income of $41.3 million for Q3 2025, an increase of $7.9 million from Q2 2025 and $9.2 million from Q3 2024 [4][8] - Diluted earnings per share (EPS) for Q3 2025 was $0.39, up from $0.32 in Q2 2025 and $0.31 in Q3 2024 [4][8] - Core net income was $41.2 million, representing a $1.7 million increase from the previous quarter and a $9.2 million increase from the same quarter last year [4][8] - Core diluted EPS was also $0.39, compared to $0.38 in Q2 2025 and $0.31 in Q3 2024 [4][8] Profitability - The return on average assets (ROA) increased to 1.34% in Q3 2025, up from 1.11% in Q2 2025 [4][10] - The return on average equity (ROE) improved to 10.71% from 8.97% in the previous quarter [4][10] - The core efficiency ratio improved to 52.30%, down from 54.06% in Q2 2025 [4][21] Asset Quality - The provision for credit losses was $11.3 million, an increase of $2.4 million from the previous quarter [10][14] - Nonperforming loans decreased to $88.7 million, down $10.8 million from the previous quarter [15][16] - Net charge-offs totaled $12.2 million, an increase from $2.8 million in the previous quarter [17][18] Net Interest Income and Margin - Net interest income (FTE) for Q3 2025 was $111.5 million, an increase of $4.9 million from Q2 2025 [11][12] - The net interest margin expanded to 3.92%, up 9 basis points from the previous quarter [12][10] - Total average deposits grew by $102.7 million, or 4.0% annualized, compared to the previous quarter [12][10] Dividends and Capital - The company declared a quarterly cash dividend of $0.135 per share, a 3.9% increase from Q3 2024 [23] - Total shareholder's equity increased by $24.1 million from the previous quarter [10][24] - The Bank-level Total Capital ratio was 13.4%, exceeding the regulatory "well capitalized" requirement of 10.0% [10][24]

Core Viewpoint - First Commonwealth Financial Corporation will host a conference call on October 29, 2025, to discuss its financial results for Q3 2025, with key executives participating in the call [1]. Group 1: Conference Call Details - The conference call is scheduled for 2:00 p.m. Eastern Time on October 29, 2025 [2]. - Participants can access the call via live webcast or by phone, with specific dial-in numbers provided for U.S. and international callers [2]. - A replay of the call will be available approximately one hour after its conclusion, with access codes for both live and replay options [2]. Group 2: Earnings Release Information - The earnings press release for Q3 2025 will be published after market close on October 28, 2025, and can be accessed on the company's investor relations webpage [4]. - The press release will be available under the "News" section of the website [4]. Group 3: Company Overview - First Commonwealth Financial Corporation is headquartered in Indiana, Pennsylvania, and operates 127 community banking offices across 30 counties in Pennsylvania and Ohio [5]. - The company offers a comprehensive range of financial services, including commercial banking, consumer banking, mortgage, equipment finance, wealth management, and insurance products [5].

Core Viewpoint - Citigroup Inc. is recognized as one of the best bank dividend stocks to buy, highlighting its strong position in the financial sector and consistent dividend payments [1][4]. Company Overview - Citigroup Inc. is one of the largest financial institutions globally, providing a diverse range of services including consumer banking, credit, investment banking, and Treasury solutions. Its operations are divided into three main segments: Global Consumer Banking, Institutional Clients Group, and Treasury and Trade Solutions [2]. - The company leverages its extensive global presence and broad client network to maintain a competitive advantage in the financial services industry [2]. Recent Developments - Citigroup has been focusing on digital transformation and enhancing operational efficiency to adapt to the changing financial landscape. The company's success is contingent upon effectively navigating economic challenges, ensuring regulatory compliance, managing risks, and investing in technology to improve customer experience and operational performance [3]. Dividend Information - Citigroup has a strong track record of distributing regular dividends to shareholders for the past 34 years, making it one of the best dividend stocks in the banking sector. The current quarterly dividend is $0.60 per share, with a dividend yield of 2.36% as of September 24 [4].

Core Viewpoint - Equity Bancshares, Inc. will announce its third quarter financial results on October 14, 2025, followed by a conference call on October 15, 2025, to discuss the earnings [1][2]. Financial Results Announcement - The third quarter financial results will be released after market close on October 14, 2025 [1]. - A conference call will be held on October 15, 2025, at 10 a.m. Eastern Time to discuss the results [2]. Company Overview - Equity Bancshares, Inc. is the holding company for Equity Bank, providing a range of financial solutions including commercial loans, consumer banking, mortgage loans, and wealth management services [3]. - The company's common stock is traded on the New York Stock Exchange under the symbol "EQBK" [3]. Contact Information - Media Contact: Russell Colburn, Public Relations & Communications Manager, Equity Bancshares, Inc. [7] - Investor Contact: Brian J. Katzfey, VP, Director of Corporate Development and Investor Relations, Equity Bancshares, Inc. [7]