Day: October 24, 2024

ACNB Corporation Reports 2024 Third Quarter Financial Results

Written by Customer Service on October 24, 2024. Posted in Earnings Releases And Operating Results.

GETTYSBURG, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $7.2 million, or $0.84 diluted earnings per share, for the three months ended September 30, 2024 compared to net income of $9.0 million, or $1.06 diluted earnings per share, for the three months ended September 30, 2023 and net income of $11.3 million, or $1.32 diluted earnings per share, for the three months ended June 30, 2024. Financial results for the three months ended September 30, 2024 were impacted by $1.1 million in merger-related expense due to the pending acquisition of Traditions Bancorp, Inc. Financial results for the three month period ended June 30, 2024 were impacted by a $3.2 million reversal of the provisions...

Infectious Disease Diagnostics Market to Reach USD 43.09 Billion by 2031 | SkyQuest Technology

Written by Customer Service on October 24, 2024. Posted in Mergers And Acquisitions.

Infectious Disease Diagnostics Market size was valued at USD 22.94 billion in 2023 to USD 43.09 billion by 2031 Westford, USA, Oct. 24, 2024 (GLOBE NEWSWIRE) — Infectious Disease Diagnostics Market size was valued at USD 22.94 billion in 2023 to USD 43.09 billion by 2031, growing at a CAGR of 8.20% during the forecast period (2024-2031). SkyQuest projects that the Global Infectious Disease Diagnostics Market will reach a value of USD 43.09 Billion by 2031, with a CAGR of 8.20% during the forecast period (2024-2031). The infectious disease diagnostics market is a speedily progressing sector emphasized identifying infection-causing pathogens. The leading drivers of the market include improvements in diagnostic technologies like POC testing, rapid testing, and rising cases of infectious diseases. In addition, heavy funding for R&D...

Wolters Kluwer N.V.: Future Ready Lawyer Survey 2024: Legal professionals confident in managing AI-driven changes to business of law

Written by Customer Service on October 24, 2024. Posted in Public Companies.

PRESS RELEASE Wolters Kluwer’s 2024 Future Ready Lawyer Survey: Legal professionals confident in managing AI-driven changes to business of law76% of legal professionals in corporate legal departments use GenAI at least once a week, as do 68% of their counterparts in law firms; over a third use it daily60% of legal professionals expect AI-driven efficiencies to reduce the prevalence of the billable hour58% of law firms and 73% of corporate legal departments plan to increase their investment in AI over the next three years73% of respondents say their staff is required to work in the office for four or more days a weekOnly 29% of law firms and 41% corporate legal departments indicated that they were “very prepared” to address the surge in demand for ESG expertiseNew York, NY — October 24, 2024 — Wolters Kluwer, a global leader...

Intellia Presents Positive Results from the Phase 2 Study of NTLA-2002, an Investigational In Vivo CRISPR Gene Editing Treatment for Hereditary Angioedema (HAE)

Written by Customer Service on October 24, 2024. Posted in Public Companies.

Deep attack rate reductions achieved in both dose levels tested; a single 50 mg dose resulted in a mean monthly attack rate reduction of 77% and 81% compared to placebo during weeks 1-16 and 5-16, respectively Eight of 11 patients in the 50 mg arm were completely attack free following a one-time infusion through the latest follow-up; data support NTLA-2002’s potential to be a functional cure for hereditary angioedema (HAE) NTLA-2002 demonstrated an encouraging safety and tolerability profile Data published in The New England Journal of Medicine and will be presented at the 2024 ACAAI Scientific Meeting Actively screening patients in the global pivotal Phase 3 HAELO study evaluating the 50 mg dose of NTLA-2002 Intellia to host investor webcast on Thursday, October 24 at 8:30 a.m. ETCAMBRIDGE, Mass., Oct. 24, 2024 (GLOBE NEWSWIRE)...

First Merchants Corporation Announces Third Quarter 2024 Earnings per Share

Written by Customer Service on October 24, 2024. Posted in Earnings Releases And Operating Results.

MUNCIE, Ind., Oct. 24, 2024 (GLOBE NEWSWIRE) — First Merchants Corporation (NASDAQ – FRME) Third Quarter 2024 Highlights:Net income available to common stockholders was $48.7 million and diluted earnings per common share totaled $0.84, compared to $55.9 million and $0.94 in the third quarter of 2023, and $39.5 million and $0.68 in the second quarter of 2024. Excluding the loss from repositioning of the available for sale securities portfolio, adjusted net income was $55.6 million or $0.95 per share for the third quarter of 2024. Strong capital position with Common Equity Tier 1 Capital Ratio of 11.25% and Tangible Common Equity to Tangible Assets Ratio of 8.76%. Net interest margin was 3.23% compared to 3.16% on a linked quarter basis. Total loans grew $15.5 million, or 0.5% annualized, on a linked quarter basis, and...

Carpenter Technology Reports First Quarter Fiscal Year 2025 Results

Written by Customer Service on October 24, 2024. Posted in Earnings Releases And Operating Results.

Delivered Record First Quarter Operating Income Exceeded First Quarter Operating Income Guidance for Specialty Alloys Operations SegmentExpanded Operating Margins in Specialty Alloys Operations SegmentGenerated Positive Adjusted Free Cash FlowRepurchased Shares Against Authorized Share Repurchase ProgramStrengthening FY25 Outlook PHILADELPHIA, Oct. 24, 2024 (GLOBE NEWSWIRE) — Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal first quarter ended September 30, 2024. For the quarter, the Company reported operating income of $113.6 million and earnings per diluted share of $1.67. Excluding the special item discussed below, adjusted operating income was $117.2 million and adjusted earnings per diluted share was $1.73 for the current quarter. First Quarter Fiscal Year 2025 HighlightsDelivered...

Independent Bank Corporation Reports 2024 Third Quarter Results

Written by Customer Service on October 24, 2024. Posted in Earnings Releases And Operating Results.

Third Quarter Highlights Highlights for the third quarter of 2024 include:Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; and The payment of a 24 cent per share dividend on common stock on August 15, 2024.GRAND RAPIDS, Mich., Oct. 24, 2024 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2024 net income of $13.8 million, or $0.65 per diluted share, versus net income of $17.5 million, or $0.83 per diluted share, in the prior-year period. William B. (“Brad”) Kessel, the President and Chief Executive...

Columbia Financial, Inc. Announces Financial Results for the Third Quarter Ended September 30, 2024

Written by Customer Service on October 24, 2024. Posted in Earnings Releases And Operating Results.

FAIR LAWN, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) — Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank (“Columbia”), reported net income of $6.2 million, or $0.06 per basic and diluted share, for the quarter ended September 30, 2024, as compared to $9.1 million, or $0.09 per basic and diluted share, for the quarter ended September 30, 2023. The income for the quarter ended September 30, 2024 reflected lower net interest income, mainly due to an increase in interest expense, and higher provision for credit losses, partially offset by higher non-interest income and lower income tax expense. For the nine months ended September 30, 2024, the Company reported net income of $9.6 million, or $0.09 per basic and diluted share, as compared to $29.5 million, or $0.29 per basic...

McEwen Copper Announces an Additional US$35 Million Investment by Nuton, a Rio Tinto Venture

Written by Customer Service on October 24, 2024. Posted in Public Companies.

TORONTO, Oct. 24, 2024 (GLOBE NEWSWIRE) — McEwen Copper Inc., a subsidiary of McEwen Mining Inc. (NYSE: MUX) (TSX: MUX), is pleased to announce closing of an additional $35 million investment by Nuton LLC, a Rio Tinto Venture. McEwen Copper previously announced a non-brokered private placement financing of up to 2,333,333 common shares at a subscription price of US$30.00 per common share, for gross proceeds of up to US$70 million (the “Offering”). The first tranche of the Offering was led by a $14 million investment by McEwen Mining and a $5 million investment by Rob McEwen. In this second tranche of the Offering, Nuton (a Rio Tinto Venture) has purchased an additional 1,166,666 common shares of McEwen Copper for $35 million and two other investors have acquired 66,669 common shares for $2 million. Following the closing...

FTI Consulting Reports Third Quarter 2024 Financial Results

Written by Customer Service on October 24, 2024. Posted in Public Companies.

WASHINGTON, Oct. 24, 2024 (GLOBE NEWSWIRE) —Third Quarter 2024 Revenues of $926.0 Million, Up 4% Compared to $893.3 Million in Prior Year Quarter Third Quarter 2024 EPS of $1.85, Down 21% Compared to $2.34 in Prior Year Quarter Company Updates Revenue and EPS Guidance Ranges for Full Year 2024FTI Consulting, Inc. (NYSE: FCN) today released financial results for the third quarter ended September 30, 2024. Third quarter 2024 revenues of $926.0 million increased $32.8 million, or 3.7%, compared to revenues of $893.3 million in the prior year quarter. The increase in revenues was primarily due to higher demand and realized bill rates in the Economic Consulting segment and higher demand in the Technology segment, which was partially offset by lower demand and realized bill rates in the Corporate Finance & Restructuring segment....

Day: October 24, 2024

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