Month: April 2024

Phillips Edison & Company Reports First Quarter 2024 Results and Affirms Full Year Earnings Guidance

Written by Customer Service on April 25, 2024. Posted in Earnings Releases And Operating Results.

CINCINNATI, April 25, 2024 (GLOBE NEWSWIRE) — Phillips Edison & Company, Inc. (Nasdaq: PECO) (“PECO” or the “Company”), one of the nation’s largest owners and operators of grocery-anchored neighborhood shopping centers, today reported financial and operating results for the period ended March 31, 2024 and affirmed full year 2024 earnings guidance. For the three months ended March 31, 2024, net income attributable to stockholders was $17.7 million, or $0.14 per diluted share. Highlights for the First Quarter Ended March 31, 2024Reported Nareit FFO of $80.1 million, or $0.59 per diluted share Reported Core FFO of $81.7 million, or $0.60 per diluted share Affirmed 2024 Nareit FFO and Core FFO guidance ranges of $2.34 to $2.41 per diluted share and $2.37 to $2.45 per diluted share, respectively The midpoint of full year 2024...

Ultragenyx to Host Conference Call for First Quarter 2024 Financial Results and Corporate Update

Written by Customer Service on April 25, 2024. Posted in Public Companies.

NOVATO, Calif., April 25, 2024 (GLOBE NEWSWIRE) — Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE), a biopharmaceutical company focused on the development and commercialization of novel products for serious rare and ultrarare genetic diseases, today announced that it will host a conference call at 5:00 p.m. ET on Thursday, May 2, 2024, to discuss its financial results and corporate update for the quarter ending March 31, 2024. The live and replayed webcast of the call will be available through the company’s website at https://ir.ultragenyx.com/events-presentations. To participate in the live call, please register by clicking on the following link (registration link) and you will be provided with dial-in details. The replay of the call will be available for 3 months. About Ultragenyx Pharmaceutical Inc.Ultragenyx is a biopharmaceutical...

Red River Bancshares, Inc. Reports First Quarter 2024 Financial Results

Written by Customer Service on April 25, 2024. Posted in Public Companies.

ALEXANDRIA, La., April 25, 2024 (GLOBE NEWSWIRE) — Red River Bancshares, Inc. (the “Company”) (Nasdaq: RRBI), the holding company for Red River Bank (the “Bank”), announced today its unaudited financial results for the first quarter of 2024. Net income for the first quarter of 2024 was $8.2 million, or $1.16 per diluted common share (“EPS”), a decrease of $104,000, or 1.3%, compared to $8.3 million, or $1.16 EPS, for the fourth quarter of 2023, and a decrease of $1.4 million, or 14.7%, compared to $9.6 million, or $1.33 EPS, for the first quarter of 2023. For the first quarter of 2024, the quarterly return on assets was 1.07%, and the quarterly return on equity was 10.77%. First Quarter 2024 Performance and Operational Highlights In the first quarter of 2024, the Company had a consistent net interest margin and consistent earnings,...

Cansortium Schedules Fourth Quarter 2023 Conference Call for Monday, April 29 at 4:30 P.M. ET

Written by Customer Service on April 25, 2024. Posted in Public Companies.

TAMPA, Fla., April 25, 2024 (GLOBE NEWSWIRE) — Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) (“Cansortium” or the “Company”), a vertically-integrated, multi-state cannabis company operating under the FLUENT™ brand, will hold a conference call to discuss its financial and operating results for the fourth quarter and full year ended December 31, 2023. The Company will issue a press release with its results prior to the call. Cansortium management will host the conference call, followed by a question-and-answer period. Interested parties may submit questions to the Company prior to the call by emailing investors@cansortiuminc.com. Date: Monday, April 29, 2024Time: 4:30 p.m. Eastern timeToll-free dial-in number: (800) 319-4610International dial-in number: (604) 638-5340Conference ID: 10023399Link: Cansortium Conference Call Please...

Cerence to Announce Fiscal Second Quarter Results on May 9, 2024

Written by Customer Service on April 25, 2024. Posted in Public Companies.

BURLINGTON, Mass., April 25, 2024 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC), AI for a world in motion, will announce its second quarter financial results for the quarter ended March 31, 2024 on Thursday, May 9, 2024 at 7:00 a.m. Eastern Time / 4:00 a.m. Pacific Time. The company will host a live conference call and webcast, with accompanying slides, to discuss the results on the same day at 8:30 a.m. Eastern Time / 5:30 a.m. Pacific Time. Interested investors and analysts are invited to join the audio conference call by dialing +1.888.596.4144 for U.S. and Canada or +1.646.968.2525 for international and then entering the conference ID 3095543#. Webcast access will be available in the Investor Information section of the company’s website at www.cerence.com. The webcast replay will be available on the company’s website at www.cerence.com...

Integrated Financial Holdings, Inc. First Quarter Financial Results

Written by Customer Service on April 25, 2024. Posted in Public Companies.

RALEIGH, N.C., April 25, 2024 (GLOBE NEWSWIRE) — Integrated Financial Holdings, Inc. (OTCQX: IFHI) (the “Company” or “IFHI”), the financial holding company for West Town Bank & Trust (the “Bank”) and Windsor Advantage, LLC (“Windsor”), released its financial results for the three months ended March 31, 2024. Highlights from the 2024 first quarter results include the following:First quarter net income of $1.3 million, or $0.55 per diluted share compared to first quarter 2023 net income of $2.4 million, or $1.04 per diluted share. Net interest income of $5.8 million for the first quarter of 2024 compared to $5.7 million for the same period in 2023. Noninterest expense of $7.3 million for the first quarter of 2024 compared to $8.5 million for the same period in 2023, a reduction of $1.2 million or 15%. Return on average assets...

Sysco Declares Increase to Quarterly Dividend

Written by Customer Service on April 25, 2024. Posted in Public Companies.

HOUSTON, April 25, 2024 (GLOBE NEWSWIRE) — Sysco Corporation (NYSE:SYY) today announced that the Board of Directors has approved a $0.01 increase in the quarterly cash dividend to $0.51 per share from the current $0.50 per share. The new dividend is payable for the first time on July 26, 2024, to common stockholders of record at the close of business on July 5, 2024. “The Board’s decision today to increase the dividend underscores Sysco’s commitment to shareholder returns and maintaining our status as a Dividend Aristocrat. Our decision today further rewards our shareholders with a planned annual dividend increase of $0.04 for fiscal year 2025,” said Kenny Cheung, Sysco’s executive vice president and chief financial officer. About Sysco Sysco is the global leader in selling, marketing and distributing food products to restaurants,...

Riverview Bancorp Reports Fourth Fiscal Quarter 2024 and Fiscal Year 2024 Financial Results; Announces Balance Sheet Restructuring

Written by Customer Service on April 25, 2024. Posted in Earnings Releases And Operating Results.

VANCOUVER, Wash., April 25, 2024 (GLOBE NEWSWIRE) — Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that late in the fourth fiscal quarter of 2024 it strategically restructured a portion of its balance sheet by selling approximately $46.2 million of its investment securities portfolio and utilizing the proceeds totaling $43.5 million from the sale of these lower-yielding investment securities to repay higher-cost Federal Home Loan Bank of Des Moines (“FHLB”) advances. The total pre-tax loss of this transaction was $2.7 million, with a tax benefit of $655,000, resulting in an after-tax impact of $2.1 million, or $0.10 per diluted share impact to diluted earnings per share. “Given the challenging interest rate environment, we believed it was prudent to take this opportunity to restructure...

MidWestOne Financial Group, Inc. Reports Financial Results for the First Quarter of 2024

Written by Customer Service on April 25, 2024. Posted in Earnings Releases And Operating Results.

IOWA CITY, Iowa, April 25, 2024 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the “Company”) today reported results for the first quarter of 2024. First Quarter 2024 Summary1Completed acquisition of Denver Bankshares, Inc. (“DNVB”), the related core banking system conversion, and closure of the legacy MidWestOne Denver banking office. Net income of $3.3 million, or $0.21 per diluted common share.Revenue was $44.5 million, comprised of net interest income of $34.7 million and noninterest income of $9.8 million, which included a negative MSR valuation adjustment of $368 thousand. Credit loss expense of $4.7 million, which included day 1 credit loss expense of $3.2 million related to the DNVB acquisition. Noninterest Expense of $35.6 million, which included merger-related...

CubeSmart Reports First Quarter 2024 Results

Written by Customer Service on April 25, 2024. Posted in Earnings Releases And Operating Results.

MALVERN, Pa., April 25, 2024 (GLOBE NEWSWIRE) — CubeSmart (NYSE: CUBE) today announced its operating results for the three months ended March 31, 2024. “Our urban markets continued their positive trends, with portfolio-leading results during the first quarter,” commented President and Chief Executive Officer Christopher P. Marr. “As we turn our attention to the summer rental season, our team is energized and our marketing campaigns are ramping up, positioning us to attract customers across all channels.” Key Highlights for the First QuarterReported diluted earnings per share (“EPS”) attributable to the Company’s common shareholders of $0.42. Reported funds from operations (“FFO”), as adjusted, per diluted share of $0.64. Same-store (598 stores) net operating income (“NOI”) decreased 1.9% year over year, driven by a 5.0% increase...

Month: April 2024

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