Day: April 23, 2024

HAMPSTEAD, Md., April 23, 2024 (GLOBE NEWSWIRE) — Farmers and Merchants Bancshares, Inc. (the “Company”), the parent company of Farmers and Merchants Bank (the “Bank” and, together with the Company, “we”, “us” and “our”), announced that net income for the three months ended March 31, 2024 was $1,219,987, or $0.39 per common share (basic and diluted), compared to $1,900,851, or $0.62 per common share (basic and diluted), for the same period in 2023. Higher interest expense as a result of the Federal Reserve rate increases over the last two years was the primary reason for the decline in net income. The Company’s return on average equity during the three months ended March 31, 2024 was 9.40% compared to 15.49% for the same period in 2023. The Company’s return on average assets during the three months ended March 31, 2024 was 0.61%...

NORTH LIBERTY, Iowa, April 23, 2024 (GLOBE NEWSWIRE) — Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three months ended March 31, 2024. Three months ended March 31, 2024:Operating Revenue of $270.3 million, Net Loss of $15.1 million, Basic Loss per Share of $0.19, Operating Ratio of 105.3% and 105.6% Non-GAAP Adjusted Operating Ratio(1), Total Assets of $1.5 billion, Stockholders’ Equity of $848.8 million.Heartland Express Chief Executive Officer Mike Gerdin commented on the quarterly operating results and ongoing initiatives of the Company, “Our consolidated operating results for the three months ended March 31, 2024 reflect the combination of an extended and significant period of weak freight demand, driven by excess capacity in the industry, unfavorable weather early in the...

Q1 2024 Interim Report and Investor Conference Call Announcement Welltec® will disclose its Q1 2024 Interim Report and will discuss the results during an investor conference call to be held Wednesday, May 15th, 2024, at 5 pm CEST. The conference call will be available only to current and prospective bond holders, broker dealers, and securities analysts, and can be accessed by dialing in a few minutes before the start and informing the operator that you would like to participate in Welltec’s investor conference call. Relevant dial-in details and conference ID can be obtained by contacting Kris Petrov krpetrov@welltec.com and registering for the call. Registration will not be possible once the investor conference has started. The Q1 2024 Interim Report will be made available in the “Investor Room” on Welltec’s website at http://www.welltec.com/investors.For...

EVANSVILLE, Ind., April 23, 2024 (GLOBE NEWSWIRE) — Old National Bancorp (NASDAQ: ONB) reports 1Q24 net income applicable to common shares of $116.3 million, diluted EPS of $0.40; $130.8 million and $0.45 on an adjusted1 basis, respectively. CEO COMMENTARY:  “Old National’s positive quarterly results were highlighted by continued growth in our granular, peer-leading deposit franchise, disciplined loan growth, a year-over-year tangible book value increase, and stable credit quality,” said Chairman and CEO Jim Ryan. “We accomplished these strong results while driving toward a successful close (on April 1) of our partnership with Nashville-based CapStar Bank.”  FIRST QUARTER HIGHLIGHTS2:Net IncomeNet income applicable to common shares of $116.3 million; adjusted net income applicable to common...

LOS ANGELES, April 23, 2024 (GLOBE NEWSWIRE) — Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended March 31, 2024. Preferred Bank (“the Bank”) reported net income of $33.5 million or $2.44 per diluted share for the first quarter of 2024. This represents a decrease in net income of $2.4 million or 6.6% from the prior quarter and down by $4.6 million from the same quarter last year. Despite the decrease in net income, Preferred Bank continues to deliver top-of-class profitability metrics and long term shareholder returns. Highlights for the Quarter:Return on average assets was 2.00% Return on beginning equity of 19.36% Net interest margin was 4.19% Total deposits increased by $92 million or 1.62% for the quarter Total loans increased $52 million or 1.0% for...