Month: April 2024

South Plains Financial, Inc. Reports First Quarter 2024 Financial Results

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

LUBBOCK, Texas, April 25, 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 ended March 31, 2024. First Quarter 2024 HighlightsNet income for the first quarter of 2024 was $10.9 million, compared to $10.3 million for the fourth quarter of 2023 and $9.2 million for the first quarter of 2023. Diluted earnings per share for the first quarter of 2024 was $0.64, compared to $0.61 for the fourth quarter of 2023 and $0.53 for the first quarter of 2023. Average cost of deposits for the first quarter of 2024 was 241 basis points, compared to 224 basis points for the fourth quarter of 2023 and 136 basis points for the first quarter of 2023. Net interest margin, calculated...

Mohawk Industries Reports Q1 Results

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

CALHOUN, Ga., April 25, 2024 (GLOBE NEWSWIRE) — Mohawk Industries, Inc. (NYSE: MHK) today announced first quarter 2024 net earnings of $105 million and earnings per share (“EPS”) of $1.64; adjusted net earnings were $119 million, and adjusted EPS was $1.86. Net sales for the first quarter of 2024 were $2.7 billion, a decrease of 4.5% as reported and 5.5% on a legacy and constant basis versus the prior year. During the first quarter of 2023, the Company reported net sales of $2.8 billion, net earnings of $80 million and EPS of $1.26; adjusted net earnings were $112 million, and adjusted EPS was $1.75. Commenting on the Company’s first quarter results, Chairman and CEO Jeff Lorberbaum stated, “Though economic headwinds are impacting industry sales, margins and mix, our first quarter results reflected the positive effect of actions...

Business First Bancshares, Inc., Announces Financial Results for Q1 2024

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

BATON ROUGE, La., April 25, 2024 (GLOBE NEWSWIRE) — Business First Bancshares, Inc. (NASDAQ: BFST) (Business First), parent company of b1BANK, today announced its unaudited results for the quarter ended March 31, 2024, including net income available to common shareholders of $12.2 million or $0.48 per diluted common share, decreases of $2.3 million and $0.09, respectively, compared to the linked quarter ended December 31, 2023. On a non-GAAP basis, core net income for the quarter ended March 31, 2024, which excludes certain income and expenses, was $12.8 million or $0.50 per diluted common share, decreases of $4.0 million and $0.16, respectively, from the linked quarter. “We didn’t earn as much in the first quarter as I would have liked,” said Jude Melville, president and CEO, “but we did accomplish core foundational work that...

Seacoast Reports First Quarter 2024 Results

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

Q1 Highlights Included Impressive Growth in Deposits, Successful Completion of Our Expense Initiative, and Building Wealth and Lending Pipelines Strong Capital Position Builds Quarter over Quarter STUART, Fla., April 25, 2024 (GLOBE NEWSWIRE) — Seacoast Banking Corporation of Florida (“Seacoast” or the “Company”) (NASDAQ: SBCF) today reported net income in the first quarter of 2024 of $26.0 million, or $0.31 per diluted share, compared to $29.5 million, or $0.35 per diluted share in the fourth quarter of 2023 and $11.8 million, or $0.15 per diluted share in the first quarter of 2023. Adjusted net income1 for the first quarter of 2024 was $31.1 million, or $0.37 per diluted share, compared to $31.4 million, or $0.37 per diluted share in the fourth quarter of 2023 and $23.7 million, or $0.29 per diluted share...

SPS Commerce Reports First Quarter 2024 Financial Results

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

Company delivers 93rd consecutive quarter of topline growth Revenue and recurring revenue growth of 19% year-over-year MINNEAPOLIS, April 25, 2024 (GLOBE NEWSWIRE) — SPS Commerce, Inc. (NASDAQ: SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights First Quarter 2024 Financial HighlightsRevenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth. Recurring revenue grew 19% from the first quarter of 2023. Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or $0.41 per diluted share in the first quarter of 2023. Non-GAAP income per diluted share was $0.86, compared to non-GAAP income per diluted share of $0.67...

Hub Group, Inc. Reports First Quarter 2024 Results

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

Highlights: Diluted earnings per share (EPS) of $0.44 for the quarter First quarter revenue of $1.0 billion GAAP Quarterly operating income of $37 million (3.7% of revenue) Executing on Capital Allocation Plan including completing our stock split, purchasing $26 million of shares during the quarter and paying the company’s first quarterly cash dividend of $0.125 per common share Ended the quarter with cash and cash equivalents of $195 million Integration of Final Mile acquisition is ahead of our expectations and contributed $64 million to revenue in the first quarter Recognized by The Home Depot® as the 2023 Intermodal Carrier of the Year, Online Big & Bulky Carrier of the Year, and the Dedicated Van Carrier of the Year. Named Outstanding Partnership of the Year by Target®.OAK BROOK, Ill., April 25, 2024 (GLOBE NEWSWIRE)...

Financial Institutions, Inc. Announces First Quarter 2024 Results

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

WARSAW, N.Y., April 25, 2024 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the “Company,” “we” or “us”), parent company of Five Star Bank (the “Bank”) and Courier Capital, LLC (“Courier Capital”), today reported financial and operational results for the first quarter ended March 31, 2024. Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the first quarter of 2023. After preferred dividends, net income available to common shareholders was $1.7 million, or $0.11 per diluted share, in the first quarter of 2024, compared to $9.4 million, or $0.61 per diluted share, in the fourth quarter of 2023, and $11.7 million, or $0.76 per diluted share, in the first quarter of 2023. First...

Nokia Corporation: Repurchase of own shares on 25.04.2024

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

Nokia CorporationStock Exchange Release25 April 2024 at 22:30 EEST Nokia Corporation: Repurchase of own shares on 25.04.2024 Espoo, Finland – On 25 April 2024 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 413,247 3.38CEUX – –BATE – –AQEU – –TQEX – –Total 413,247 3.38* Rounded to two decimals On 25 January 2024, Nokia announced that its Board of Directors is initiating a share buyback program to return up to EUR 600 million of cash to shareholders in tranches over a period of two years. The first phase of the share buyback program in compliance with the Market Abuse Regulation (EU) 596/2014 (MAR), the Commission Delegated Regulation...

Ibotta Announces Full Exercise of Underwriters’ Option to Purchase Additional Shares in Initial Public Offering

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

DENVER, April 25, 2024 (GLOBE NEWSWIRE) — Ibotta, Inc. (NYSE: IBTA), a leading technology company providing digital promotions and performance marketing solutions, announced today that in connection with its previously announced initial public offering of 6,560,700 shares of its Class A common stock, 2,500,000 of which were sold by Ibotta and 4,060,700 of which were sold by certain selling stockholders, the underwriters have exercised in full their option to purchase from the selling stockholders an additional 984,105 shares of Class A common stock at the initial public offering price of $88.00 per share, less underwriting discounts and commissions. Ibotta did not receive any proceeds from the sale of the shares by the selling stockholders. The offering closed on April 25, 2024. Goldman Sachs & Co. LLC, Citigroup and BofA...

BayFirst Financial Corp. Reports First Quarter 2024 Results; Highlighted by Strong Loan and Deposit Growth with Higher Provision for Credit Losses

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

ST. PETERSBURG, Fla., April 25, 2024 (GLOBE NEWSWIRE) — BayFirst Financial Corp. (NASDAQ: BAFN) (“BayFirst” or the “Company”), parent company of BayFirst National Bank (the “Bank”) today reported net income of $0.8 million, or $0.11 per diluted common share, for the first quarter of 2024, compared to $1.7 million, or $0.32 per diluted common share, in the fourth quarter of 2023. Net income decreased due to two primary factors: higher provision for credit losses of $1.4 million, coupled with weaker Core SBA 7(a) loan production ($350 thousand to $5 million loan size) attributed to the continued higher interest rate environment negatively impacting loan demand. “BayFirst opened its twelfth banking office in the attractive Tampa Bay market during the first quarter. The South Sarasota location completes our near-term branch expansion...

Month: April 2024

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