Day: October 16, 2024

Third Quarter 2024 HighlightsRecord net income of $22.1 million, or $29.96 per share; up 2.50% on a per share basis from third quarter 2023; Achieved a return on average assets of 1.65% and a return on average equity of 15.03%; Solid liquidity position with $1.5 billion in cash and investment securities and a borrowing capacity of $2.1 billion with no outstanding borrowings as of September 30, 2024; Continued growth in capital with a total risk-based capital ratio of 14.95%, common equity tier 1 ratio of 13.47%, tier 1 capital ratio of 13.70% and a tangible common equity ratio of 10.91%; Credit quality remains strong with a total allowance for credit losses of 2.11%.LODI, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants...

Appoints New Independent Director VANCOUVER, British Columbia, Oct. 16, 2024 (GLOBE NEWSWIRE) — American Lithium Corp. (“American Lithium” or the “Company”) (TSX-V:LI | Nasdaq:AMLI | Frankfurt:5LA1) is pleased to provide financial and operating highlights for the second quarter ended August 31, 2024. Unless otherwise stated, all amounts presented are in Canadian dollars. Highlights for the Quarter: Falchani Flow Sheet Optimization  Implementation of numerous additional tried and tested hydrometallurgical processing steps to optimize the core flow sheet and materially reduce costs; Reduction of sulfuric acid consumption by approximately 50%; and Improvement in the specification of key by-products, sulfate of potash and cesium.Application to Nasdaq for Extension to Minimum Price RequirementAdditional 180 calendar day extension...

FRESNO, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) — FFB Bancorp (the “Company”) (OTCQX: FFBB) the parent company of FFB Bank (the “Bank”) today reported net income of $8.56 million, or $2.69 per diluted share, for the third quarter of 2024, an increase of 6% from the $8.08 million, or $2.54 per diluted share, reported for the second quarter of 2024. The Bank reported $8.87 million, or $2.79 per diluted share, for the third quarter of 2023. For the nine months ended September 30, 2024, net income was $24.43 million, or $7.69 per diluted share, compared to $25.99 million, or $8.18 per diluted share, for the same period in 2023. All results are unaudited. Third Quarter 2024 Highlights: As of, or for the quarter ended September 30, 2024, compared to the quarter ended September 30, 2023:Pre-tax, pre-provision income increased 3% to $12.67 million. Net...