Day: October 22, 2024

LEAWOOD, Kan., Oct. 22, 2024 (GLOBE NEWSWIRE) — CrossFirst Bankshares, Inc. (Nasdaq: CFB), the bank holding company for CrossFirst Bank, today reported operating results for the third quarter ended September 30, 2024. The third quarter earnings release can be viewed here: https://investors.crossfirstbankshares.com/financials/quarterly-reports Investor ContactMike Daley | CrossFirst Bankshares, Inc.913.754.9707 | mike.daley@crossfirstbank.com About CrossFirst Bankshares, Inc. CrossFirst Bankshares, Inc. (Nasdaq: CFB) is a Kansas corporation and a registered bank holding company for its wholly owned subsidiary, CrossFirst Bank, a full-service financial institution that offers products and services to businesses, professionals, individuals, and families. CrossFirst Bank, headquartered in Leawood, Kansas, has locations in Kansas,...

CHAMPAIGN, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) — First Busey Corporation (Nasdaq: BUSE) Net Income of $32.0 millionDiluted EPS of $0.55THIRD QUARTER 2024 HIGHLIGHTSAdjusted net income1 of $33.5 million, or $0.58 per diluted common share Noninterest income of $36.0 million, or 30.5% of operating revenue1 Record high quarterly revenue for the Wealth Management operating segment Tangible book value per common share1 of $18.19 at September 30, 2024, compared to $16.97 at June 30, 2024, and $15.07 at September 30, 2023, a year-over-year increase of 20.7% Tangible common equity1 increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at September 30, 2023 Announced transformative partnership with CrossFirst BanksharesFor additional information, please refer to the 3Q24 Earnings...

DALLAS, Oct. 22, 2024 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended September 30, 2024. “We are pleased to announce both our third quarter results and updates on our balance sheet transformation over the past 2 years,” said C. Malcolm Holland, III, the Company’s Chairman and Chief Executive Officer. “My team has remained focused on growing granular, attractively priced deposits, increasing capital, managing concentrations and reducing credit risk exposure all while continuing to grow a fortress balance sheet through full relationship banking. I could not be more proud of our team of nearly 900 employees who embraced the challenges we set forth back in 2022 and each day going forward.”    Quarter...

TUPELO, Miss., Oct. 22, 2024 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the third quarter of 2024.(Dollars in thousands, except earnings per share) Three Months Ended   Nine Months Ended  Sep 30, 2024 Jun 30, 2024 Sep 30, 2023   Sep 30, 2024 Sep 30, 2023Net income and earnings per share:            Net income $ 72,455 $ 38,846 $ 41,833   $ 150,710 $ 116,554  After-tax gain on sale of insurance agency   38,951   —   —     38,951   —  After-tax loss on sale of securities (including impairments)   —   —   —     —   (17,859 )Basic EPS   1.18   0.69   0.75     2.60   2.08  Diluted EPS   1.18   0.69   0.74     2.59   2.07  Adjusted diluted EPS (Non-GAAP)(1)   0.70   0.69   0.74     2.03   2.38  Impact to diluted EPS from after-tax gain on sale...

CHIHUAHUA, Mexico, Oct. 22, 2024 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement and concrete in the United States and Mexico, today announced its results for the third quarter of 2024. Q3 2024 HIGHLIGHTSConsolidated net sales decreased 4.3% year-on-year to US$398.2 million U.S. sales grew 0.7% as cement and concrete prices increased 5.7% and 8.2%, respectively Mexico cement and concrete prices increased 5.5% and 5.4%, respectively EBITDA increased 2.3% to US$162.1 million with a 40.7% EBITDA margin Cash and equivalents totaled US$897.2 million Net leverage (net debt/EBITDA) ratio totaled -0.81x as of September 2024 Earnings per share increased 1.2% year-on-year, to US$0.3276 Free cash flow totaled US$121.5 million with a 75% free cash flow conversion rateKEY FIGURES (millions of...

Orrstown Financial Services, Inc. (“Orrstown” or the “Company”) closed the merger of equals transaction with Codorus Valley Bancorp, Inc. (“Codorus”) on July 1, 2024, creating a premier Pennsylvania and Maryland community bank; as a result, the Company’s results for the three months ended September 30, 2024 reflect the combined operating results of the combined companies; Codorus contributed, after fair value purchase accounting adjustments, approximately $2.2 billion in total assets, $1.6 billion in loans, and $1.9 billion in deposits at July 1, 2024; Net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024 compared to net income of $7.7 million, or $0.73 per diluted share, for the three months ended June 30, 2024, reflecting the impact of $17.0 million in expenses...

FORT WORTH, Texas, Oct. 22, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2024 financial results. Third Quarter 2024 Highlights –Cash flow from operating activities of $246 million Cash flow from operations, before working capital changes, of $250 million Capital spending of $156 million, approximately 24% of the 2024 budget Pre-hedge NGL realizations of $25.96 per barrel – premium of $4.10 over Mont Belvieu equivalent Natural gas differentials, including basis hedging, averaged ($0.50) per mcf to NYMEX Production averaged 2.20 Bcfe per day, approximately 68% natural gas Repurchased 800,000 shares at an average of $30.10 per shareDennis Degner, the Company’s CEO, commented, “This month marks the 20th anniversary of Range drilling the first commercial Marcellus shale well....

ELMIRA, N.Y., Oct. 22, 2024 (GLOBE NEWSWIRE) — Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $5.7 million, or $1.19 per share, for the third quarter of 2024, compared to $5.0 million, or $1.05 per share, for the second quarter of 2024, and $7.6 million, or $1.61 per share, for the third quarter of 2023. “Our balance sheet is well positioned as we enter into this rate cutting cycle. We are seeing the benefit of higher yielding loans driving interest income, while funding costs continue to moderate,” said Anders M. Tomson, President and CEO of Chemung Financial Corporation. “Strong non-interest income production and a stable credit environment were a welcome addition to an already strong quarter,” Tomson added. “As...