Month: April 2024

Company to Host Conference Call on Friday, April 26, 2024, at 11:00 a.m. Eastern Daylight Time HENDERSON, Nev., April 25, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on small and select businesses engaged in low-to-medium hazard industries, today reported financial results for its first quarter ended March 31, 2024. Financial Highlights: (All comparisons vs. the first quarter of 2023).Net income per diluted share increased 29%, from $0.86 to $1.11; Adjusted net income per diluted share increased 12%, from $0.60 to $0.67; Gross premiums written increased 8%, from $194.9 million to $210.9 million; Net premiums earned increased 7%, from $172.7 million to $184.9 million; Net...

HOLLAND, Mich., April 25, 2024 (GLOBE NEWSWIRE) — Macatawa Bank Corporation (NASDAQ: MCBC), the holding company for Macatawa Bank (collectively, the “Company”), today announced its results for the first quarter 2024.Net income of $9.8 million in first quarter 2024 – a decrease from $12.0 million earned in first quarter 2023 and an increase from $9.5 million earned in fourth quarter 2023 Net interest margin of 3.26% in first quarter 2024 versus 3.44% in first quarter 2023 and 3.28% in fourth quarter 2023 Continued loan portfolio growth – $3.8 million, or 1.1% annualized growth rate, for first quarter 2024, and $121.3 million, or 9.9%, in the last 12 months Deposit portfolio balances decreased $131.3 million in the first quarter 2024 due to seasonal fluctuations in municipal and business deposits Strong credit quality metrics – non-performing...

VERO BEACH, Florida, April 25, 2024 (GLOBE NEWSWIRE) — ARMOUR Residential REIT, Inc. (NYSE: ARR and ARR PRC) (“ARMOUR” or the “Company”) today announced the Company’s unaudited Q1 results and March 31, 2024 financial position. ARMOUR’s Q1 2024 ResultsGAAP net income available to common stockholders of $11.5 million or $0.24 per common share. Net interest income of $5.3 million. Expenses included $9.0 million of non-recurring professional fees related to the Special Committee internal investigation, disclosed in our most recent Annual Report on Form 10-K. Distributable Earnings available to common stockholders of $40.4 million, which represents $0.82 per common share (see explanation of this non-GAAP measure on page 4). Average interest income on interest earning assets of 4.89% and interest cost on average interest...

WYOMISSING, Pa., April 25, 2024 (GLOBE NEWSWIRE) — Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) (“GLPI” or the “Company”) today announced financial results for the quarter ended March 31, 2024. Financial Highlights    Three Months Ended March 31,(in millions, except per share data)     2024       2023  Total Revenue   $ 376.0     $ 355.2  Income from Operations   $ 257.6     $ 266.8  Net Income   $ 179.5     $ 188.7  FFO (1) (4)   $ 244.4     $ 253.8  AFFO (2) (4)   $ 258.6     $ 248.6  Adjusted EBITDA (3) (4)   $ 333.4     $ 323.1  Net income, per diluted common share and OP units (4)   $ 0.64     $ 0.70  FFO, per diluted common share and OP units (4)   $ 0.87     $ 0.94  AFFO, per diluted common share and OP units (4)   $ 0.92     $ 0.92  ________________________________(1) Funds...

First Quarter 2024 Highlights:Net income available to common shareholders of $11.7 million, or $0.53 per diluted share Pre-tax, pre-provision earnings of $32.2 million Tangible book value per share increased 0.4% from prior quarter to $23.44 Common equity tier 1 capital ratio improved to 8.60% from 8.40% Net interest margin of 3.18%, compared to 3.21% in prior quarter Efficiency ratio of 58.0%, compared to 55.2% in prior quarterEFFINGHAM, Ill., April 25, 2024 (GLOBE NEWSWIRE) — Midland States Bancorp, Inc. (Nasdaq: MSBI) (the “Company”) today reported net income available to common shareholders of $11.7 million, or $0.53 per diluted share, for the first quarter of 2024, compared to $18.5 million, or $0.84 per diluted share, for the fourth quarter of 2023. This also compares to net income available to common shareholders of...

NEW YORK, April 25, 2024 (GLOBE NEWSWIRE) — FTAI Aviation Ltd. (NASDAQ: FTAI) (the “Company” or “FTAI”) today reported financial results for the first quarter 2024. The Company’s consolidated comparative financial statements and key performance measures are attached as an exhibit to this press release. Financial Overview(in thousands, except per share data)Selected Financial Results Q1’24Net Income Attributable to Shareholders $       31,287Basic Earnings per Ordinary Share $ 0.31Diluted Earnings per Ordinary Share $ 0.31Adjusted EBITDA(1) $ 164,101_______________________________(1) For definitions and reconciliations of non-GAAP measures, please refer to the exhibit to this press release. First Quarter 2024 Dividends On April 25, 2024, the Company’s Board of Directors (the “Board”) declared a cash dividend...

BOSTON, April 25, 2024 (GLOBE NEWSWIRE) — The Boston Beer Company, Inc. (NYSE: SAM), today reported financial results for the first quarter ended March 30, 2024. Key results were: First Quarter 2024 Summary:Depletions were flat and shipments increased 0.9% Net revenue of $426.1 million increased 3.9% Gross margin of 43.7% up 570 basis points year over year Net income of $12.6 million Diluted income per share of $1.04Capital StructureEnded the first quarter with $205.4 million in cash and no debt Repurchased $65.0 million in shares from January 2, 2024 to April 19, 2024“We were pleased to see flat depletion trends in the first quarter and to deliver revenue growth,” said Chairman and Founder Jim Koch. “We remain committed to investing across our portfolio of brands to drive long-term revenue growth while also expanding our...

GREAT NECK, N. Y., April 25, 2024 (GLOBE NEWSWIRE) — BRT APARTMENTS CORP. (NYSE:BRT), a real estate investment trust that owns, operates, and, to a lesser extent, holds interests in joint ventures that own multi-family properties, today announced it intends to file its Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission on or about May 9, 2024. The Company does not intend to conduct an earnings call to discuss the results. BRT is a real estate investment trust that owns, operates and, to a lesser extent, holds interests in joint ventures that own multi-family properties. As of March 31, 2024, BRT owns or has interests in 29 multi-family properties with 7,947 units in 11 states. For additional information on BRT’s operations, activities and properties, please visit its website at www.brtapartments.com.  Contact: BRT...

ARCA biopharma and Oruka Therapeutics announce Merger Agreement ARCA biopharma appoints Thomas Keuer as PresidentWESTMINSTER, Colo., April 25, 2024 (GLOBE NEWSWIRE) — ARCA biopharma, Inc. (Nasdaq: ABIO), (the “Company”) a biopharmaceutical company applying a precision medicine approach to developing genetically targeted therapies for cardiovascular diseases, today reported first quarter 2024 financial results and provided a corporate update. In April 2022, ARCA established a Special Committee of the board of directors (the “Board”) of ARCA to conduct a comprehensive review of strategic alternatives. As part of the strategic review process, the Company explored potential strategic alternatives that included, without limitation, an acquisition, merger, business combination or other transactions. The Company has and is continuing...

RUTLAND, Vt., April 25, 2024 (GLOBE NEWSWIRE) — Casella Waste Systems, Inc. (NASDAQ: CWST), a regional solid waste, recycling and resource management services company, today reported its financial results for the three-month period ended March 31, 2024. Highlights for the Three Months Ended March 31, 2024:Revenues were $341.0 million for the quarter, up $78.4 million, or up 29.9%, from the same period in 2023. Overall solid waste pricing was up 5.5% from the same period in 2023, driven by 6.2% collection price growth and 4.0% disposal price growth. Net loss was $(4.1) million for the quarter, as compared to net income of $3.5 million for the same period in 2023. Adjusted EBITDA, a non-GAAP measure, was $71.0 million for the quarter, up $20.4 million, or up 40.2%, from the same period in 2023.“We had a strong start to the year,...