Day: October 23, 2024

ChampionX Reports Third Quarter 2024 Results

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

Revenue of $906.5 million Net income attributable to ChampionX of $72.0 million Adjusted net income of $85.9 million Adjusted EBITDA of $197.5 million Income before income taxes margin of 11.2% Adjusted EBITDA margin of 21.8% Cash from operating activities of $141.3 million and free cash flow of $108.1 millionTHE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) — ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operating activities was $141.3 million and free cash flow was $108.1 million. CEO Commentary “The third quarter demonstrated the resiliency...

Imperial Reports Production Update for 2024 Third Quarter

Written by Customer Service on October 23, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) — Imperial Metals Corporation (“Imperial”) (TSX:III) reports quarterly copper and gold production from Mount Polley and Red Chris mines. Imperial’s production was 15.515 million pounds copper and 13,551 ounces gold, with copper production up slightly from 15.501 million pounds of copper and gold production down slightly from the second quarter production of 13,768 ounces for gold. Metal production included 9.822 million pounds copper and 9,527 ounces gold from Mount Polley and 5.693 million pounds copper and 4,024 ounces gold from our 30% share of Red Chris mine production. Mount Polley Mine Mount Polley metal production for the third quarter of 2024 was 9.822 million pounds copper and 9,527 ounces gold, compared to 9.281 million pounds copper and 10,009 ounces gold produced...

Brown & Brown, Inc. announces 15% increase in quarterly cash dividend rate

Written by Customer Service on October 23, 2024. Posted in Public Companies.

DAYTONA BEACH, Fla., Oct. 23, 2024 (GLOBE NEWSWIRE) — Brown & Brown, Inc. (NYSE: BRO) today announced that the board of directors has declared a regular quarterly cash dividend of $0.15 per share. The dividend is payable on November 13, 2024, to shareholders of record on November 6, 2024. The dividend represents a 15% increase from the previous regular quarterly cash dividend of $0.13 per share and is Brown & Brown’s 31st consecutive annual dividend increase. About Brown & Brown, Inc. Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 16,000 teammates and 500+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or...

Koryx Copper Files Technical Report with Updated Mineral Resource Estimate

Written by Customer Service on October 23, 2024. Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 23, 2024 (GLOBE NEWSWIRE) — Koryx Copper Inc. (“Koryx” or the “Company“) (TSX-V: KRY) is pleased to announce that it has publicly filed its new technical report with an updated mineral resource estimate titled, “NI 43-101 Technical Report – August 2024 Mineral Resource Estimate for the Haib Copper Project, Namibia” with an effective date of August 31, 2024 and a report date of October 23, 2024 (the “Technical Report”). The Technical Report was prepared for the Company by The MSA Group (Pty) Ltd., authored by Jeremy C. Witley, Pr.Sci.Nat (nr. 400181/05), Head of Mineral Resources of The MSA Group (Pty) Ltd. and by Damian E.G. Connelly, B.App.Sc., FAusIMM (nr. 105679), (CP) Met., FIEAust. Principal Consultant of METS Engineering Group (Pty) Ltd. The new Technical...

Update: Eagle Bancorp, Inc. Announces Third Quarter 2024 Results

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

Eagle grows book value per share by $1.86; Common Equity Tier 1 Capital and Tier 1 Capital leverage ratio to 14.5% and 10.9%, respectively BETHESDA, Md., Oct. 23, 2024 (GLOBE NEWSWIRE) — Eagle Bancorp, Inc. (“Eagle”, the “Company”) (NASDAQ: EGBN), the Bethesda-based holding company for EagleBank, one of the largest community banks in the Washington D.C. area, reported its unaudited results for the third quarter ended September 30, 2024. Eagle reported net income of $21.8 million or $0.72 per share for the third quarter 2024, compared to a net loss of $83.8 million during the second quarter in which the Company recorded a $104.2 million impairment in the value of goodwill. Operating net income1 in the second quarter, adjusted to exclude the impairment charge on goodwill, was $20.4 million or $0.67 per share...

CVB Financial Corp. Reports Earnings for the Third Quarter 2024

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

Third Quarter 2024Net Earnings of $51 million, or $0.37 per share Return on Average Assets of 1.23% Return on Average Tangible Common Equity of 14.93% Net Interest Margin of 3.05%Ontario, CA, Oct. 23, 2024 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter ended September 30, 2024. CVB Financial Corp. reported net income of $51.2 million for the quarter ended September 30, 2024, compared with $50.0 million for the second quarter of 2024 and $57.9 million for the third quarter of 2023. Diluted earnings per share were $0.37 for the third quarter, compared to $0.36 for the prior quarter and $0.42 for the same period last year. Net income of $51.2 million for the third quarter of 2024 produced an annualized return on average equity...

Lake Shore Bancorp, Inc. Announces Third Quarter 2024 Financial Results

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

DUNKIRK, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) — Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), reported unaudited net income of $1.3 million, or $0.24 per diluted share, for the third quarter of 2024 compared to net income of $1.1 million, or $0.19 per diluted share, for the second quarter of 2024, and $1.6 million, or $0.27 per diluted share, for the third quarter of 2023. The increase in net income during the third quarter of 2024 was primarily driven by an increase in net interest income and a reduction in non-interest expenses when compared to the previous quarter. For the first nine months of 2024, the Company reported unaudited net income of $3.5 million, or $0.62 per diluted share, as compared to $4.1 million, or $0.69 per diluted share, for the first...

First Bank Announces Third Quarter 2024 Net Income of $8.2 Million

Written by Customer Service on October 23, 2024. Posted in Dividend Reports And Estimates.

Results reflect strong loan and deposit growth, solid asset quality, and balance sheet optimization initiatives HAMILTON, N.J., Oct. 23, 2024 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (the Bank) today announced results for the third quarter of 2024. Net income for the third quarter of 2024 was $8.2 million, or $0.32 per diluted share. Return on average assets, return on average equity and return on average tangible equity[i] for the third quarter of 2024 were 0.88%, 8.15% and 9.42%, respectively. The Bank recorded a net loss of $1.3 million, or a loss of $0.05 per diluted share, and losses on average assets, equity, and tangible equityi of 0.14%, 1.43%, and 1.66%, respectively, for the third quarter of 2023. Financial results for the third quarter of 2023 were negatively impacted by the Malvern Bancorp acquisition,...

Origin Bancorp, Inc. Reports Earnings For Third Quarter 2024

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

RUSTON, La., Oct. 23, 2024 (GLOBE NEWSWIRE) — Origin Bancorp, Inc. (NYSE: OBK) (“Origin,” “we,” “our” or the “Company”), the holding company for Origin Bank (the “Bank”), today announced net income of $18.6 million, or $0.60 diluted earnings per share for the quarter ended September 30, 2024, compared to net income of $21.0 million, or $0.67 diluted earnings per share, for the quarter ended June 30, 2024. Pre-tax, pre-provision (“PTPP”)(1) earnings was $28.3 million for the quarter ended September 30, 2024, compared to $32.0 million for the linked quarter. “I am pleased with the balance sheet trends we showed in the third quarter,” said Drake Mills, chairman, president and CEO of Origin Bancorp, Inc. “I am confident these trends will continue and our bankers will capitalize on opportunities throughout our markets.” (1) PTPP earnings...

Juniata Valley Financial Corp. Announces Results for the Quarter Ended September 30, 2024

Written by Customer Service on October 23, 2024. Posted in Earnings Releases And Operating Results.

Mifflintown, PA, Oct. 23, 2024 (GLOBE NEWSWIRE) — Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”) announced net income for the three months ended September 30, 2024 of $1.6 million compared to net income of $1.8 million for the three months ended September 30, 2023. Earnings per share, basic and diluted, was $0.33 during the three months ended September 30, 2024 compared to $0.36 during the three months ended September 30, 2023. Net income was $4.7 million for the nine months ended September 30, 2024 compared to $4.9 million for the nine months ended September 30, 2023. Earnings per share, basic and diluted, was $0.95 for the nine months ended September 30, 2024 compared to $0.98 for the nine months ended September 30, 2023. President’s Message President and Chief Executive Officer, Marcie A. Barber stated, “We are pleased...

Day: October 23, 2024

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