Month: January 2024

NORTH CONWAY, N.H., Jan. 26, 2024 (GLOBE NEWSWIRE) — Northway Financial, Inc. (the “Company”) (OTCQB: NWYF), the parent company of Northway Bank (the “Bank”), today reported net income for the year ended December 31, 2023 of $5.8 million, or $2.10 per basic common share, compared to $2.7 million, or $0.97 per basic common share for the year ended December 31, 2022. The Board of Directors declared a semi-annual cash dividend of $0.35 per common share, payable on February 12, 2024, to common stockholders of record on February 5, 2024. President and CEO William J. Woodward commented: “This past year was a difficult year for us as we dealt with the Federal Reserve’s interest rate hikes, which started in March 2022 and continued into 2023. These 11 rate increases significantly impacted our deposit and loan balances. We experienced a...

HONOLULU, Hawaii, Jan. 26, 2024 (GLOBE NEWSWIRE) — First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended December 31, 2023. “I’m happy to report that we finished 2023 with a strong fourth quarter. Our loan balances were stable, we grew consumer and commercial deposits, and credit quality remained excellent,” said Bob Harrison, Chairman, President, and CEO. “During the fourth quarter we also took action to strengthen our balance sheet and increase our future earnings power by selling low-yielding securities. We intend to use the proceeds to reduce high-cost deposits which will increase our net interest margin and net interest income in 2024.” On January 24, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend...

LUBBOCK, Texas, Jan. 26, 2024 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2023. Fourth Quarter 2023 HighlightsNet income for the fourth quarter of 2023 was $10.3 million, compared to $13.5 million for the third quarter of 2023 and $12.6 million for the fourth quarter of 2022. Diluted earnings per share for the fourth quarter of 2023 was $0.61, compared to $0.78 for the third quarter of 2023 and $0.71 for the fourth quarter of 2022. Average cost of deposits for the fourth quarter of 2023 increased to 224 basis points, compared to 207 basis points for the third quarter of 2023 and 97 basis points for the fourth quarter of 2022. Net interest...

Oslo, 26 January 2024: Yara International ASA fourth quarter 2023 results will be published on Friday, 9 February 2024 at 08:00 CET. An online presentation will be held at 12:00 CET. The presentation will be held in English. The report, presentation and webcast will be available at the above mentioned times at:https://yara.com/investor-relations/latest-quarterly-report/ There will also be a conference call at 13:00 CET the same day with an opportunity to ask questions to Yara’s management. Please use the link to register for this session:https://registrations.events/direct/Q4I96716 Registered conference call participants will receive a confirmation with a full list of available international dial-in numbers and a unique passcode. If you do not see the email in a few minutes after completed registration, please check the “junk mail” folder...

Total Deposits Grow By Over $276 Million on a Year-Over-Year Basis; Growth Driven By Deposit Gathering Group Hires Capital Ratios Continue to Increase and Asset Quality Remains Stable HAUPPAUGE, N.Y., Jan. 26, 2024 (GLOBE NEWSWIRE) — Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the “Company” or “Dime”), the parent company of Dime Community Bank (the “Bank”), today reported net income available to common stockholders of $88.8 million for the year ended December 31, 2023, or $2.29 per diluted common share, compared to net income available to common stockholders of $145.3 million for the year ended December 31, 2022, or $3.73 per diluted common share. Stuart H. Lubow, President and Chief Executive Officer (“CEO”) of the Company, stated, “Our fourth quarter results were marked by a continued stabilization in our non-interest-bearing...