Month: January 2024

PALOS VERDES ESTATES, Calif., Jan. 23, 2024 (GLOBE NEWSWIRE) — Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2023 was $22,981,000 ($2.56 basic and fully diluted earnings per share) compared to $21,352,000 ($2.38 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023) for the twelve months ended December 31, 2022, an 8% increase. Net income for the quarter ended December 31, 2023, was $5,783,000 ($0.64 basic and fully diluted earnings per share), a decrease of $190,000 or 3% from net income of $5,973,000 for the quarter ended December 31, 2022 ($0.67 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 9, 2023)....

BLUEFIELD, Va., Jan. 23, 2024 (GLOBE NEWSWIRE) — First Community Bankshares, Inc. (NASDAQ: FCBC) (www.firstcommunitybank.com) (the “Company”) today reported its unaudited results of operations and other financial information for the quarter ended December 31, 2023. The Company reported net income of $11.78 million, or $0.66 per diluted common share, for the quarter ended December 31, 2023. Net income for the twelve months ended December 31, 2023, was $48.02 million or $2.72 per diluted common share. The Company also declared a quarterly cash dividend to common shareholders of twenty-nine cents $0.29 per common share. The quarterly dividend is payable to common shareholders of record on February 9, 2024, and is expected to be paid on or about February 23, 2024. This marks the 39th consecutive year of regular dividends to common...

TUPELO, Miss., Jan. 23, 2024 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the fourth quarter of 2023.(Dollars in thousands, except earnings per share) Three Months Ended   Twelve Months Ended  Dec 31, 2023 Sep 30, 2023 Dec 31, 2022   Dec 31, 2023 Dec 31, 2022Net income and earnings per share:            Net income $ 28,124   $ 41,833   $ 46,276     $ 144,678   $ 166,068  After-tax loss on sale of securities   (15,711 )   —     —       (33,927 )   —  Basic EPS   0.50     0.75     0.83       2.58     2.97  Diluted EPS   0.50     0.74     0.82       2.56     2.95  Impact to diluted EPS from losses on the sale of securities (including impairments)   0.28     —     —       0.60     —  Adjusted diluted EPS (Non-GAAP)(1)   0.76     0.74     0.89       3.15     3.00                                   “The...

DALLAS, Jan. 23, 2024 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the fourth quarter and full year of 2023. “Looking back at 2023, I am extremely proud of the ability of our team, in a volatile economic environment, to remain disciplined on our strategic plan and strengthen our balance sheet”, said C. Malcolm Holland, III. “This team achieved deposit growth of $1.2 billion in 2023, increased CET1 to 10.3% and decreased our LDR below 94%. Market volatility brings many challenges and opportunities that this Company has navigated with great precision.” 2023 Highlights:Total deposits grew $141.7 million for the fourth quarter of 2023, or 5.6% annualized. Total deposits grew...