Day: October 29, 2024

INDIANA, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) — First Commonwealth Financial Corporation (NYSE: FCF) today announced financial results for the third quarter of 2024. Financial Summary (dollars in thousands, For the Three Months Ended   For the Nine Months Ended except per share data) September 30,   June 30,   September 30,   September 30,   September 30,      2024       2024       2023       2024       2023   Reported Results                   Net income $ 32,086     $ 37,088     $ 39,231     $ 106,723     $ 112,236   Diluted earnings per share $ 0.31     $ 0.36     $ 0.38     $ 1.04     $ 1.10   Return on average assets   1.08 %     1.28 %     1.38 %     1.22 %     1.37 % Return on average equity   9.19 %     11.10 %     12.46 %     10.54 %     12.35 %                      Operating Results (non-GAAP)(1)                   Core...

ISELIN, N.J., Oct. 29, 2024 (GLOBE NEWSWIRE) — Provident Financial Services, Inc. (NYSE:PFS) (the “Company”) reported net income of $46.4 million, or $0.36 per basic and diluted share for the three months ended September 30, 2024, compared to a net loss of $11.5 million, or $0.11 per basic and diluted share, for the three months ended June 30, 2024 and net income of $28.5 million, or $0.38 per basic and diluted share, for the three months ended September 30, 2023. For the nine months ended September 30, 2024, net income totaled $67.0 million, or $0.65 per basic and diluted share, compared to $101.1 million, or $1.35 per basic and diluted share, for the nine months ended September 30, 2023. The Company’s earnings for the three and nine months ended September 30, 2024 reflected the impact of the May 16, 2024 merger with Lakeland...

MUNSTER, Ind., Oct. 29, 2024 (GLOBE NEWSWIRE) — Finward Bancorp (Nasdaq: FNWD) (the “Bancorp”), the holding company for Peoples Bank (the “Bank”), today announced that net income available to common stockholders was $10.0 million, or $2.35 per diluted share, for the nine months ended September 30, 2024, as compared to $6.9 million, or $1.60 per diluted share, for the corresponding prior year period. For the quarter ended September 30, 2024, the Bancorp’s net income totaled $606 thousand, or $0.14 per diluted share, as compared to $143 thousand, or $0.03 per diluted share, for the three months ended June 30, 2024, and as compared to $2.2 million, or $0.51 per diluted share, for the three months ended September 30, 2023. Selected performance metrics are as follows for the periods presented:                             Performance...

CALGARY, Alberta, Oct. 29, 2024 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks to which they are subject, see the “Cautionary Statement Regarding Forward-Looking Information and Statements” later in this news release. This news release contains references to certain Financial Measures and Ratios, including Adjusted EBITDA (earnings before income taxes, loss (gain) on investments and other assets, gain on repurchase of unsecured senior notes, finance charges, foreign exchange, gain on asset disposals and depreciation and amortization), Funds Provided by (Used in) Operations, Net Capital Spending, Working Capital and Total Long-term Financial Liabilities....

8% year-over-year increase in home closings and record 145% backlog conversion SCOTTSDALE, Ariz., Oct. 29, 2024 (GLOBE NEWSWIRE) — Meritage Homes Corporation (NYSE: MTH), the fifth-largest U.S. homebuilder, reported third quarter results for the period ended September 30, 2024.                                               Summary Operating Results (unaudited) (Dollars in thousands, except per share amounts)                                                 Three Months Ended September 30,   Nine Months Ended September 30,  2024   2023   % Chg   2024   2023   % ChgHomes closed (units)   3,942       3,638       8 %     11,567       10,025       15 %Home closing revenue $ 1,585,784     $ 1,610,317       (2 )%   $ 4,745,618     $ 4,415,261       7 %Average sales price — closings $ 402     $ 443       (9 )%   $ 410     $ 440       (7 )%Home...

“First-to-Fiber” and “Glass & SteelTM” Strategies Yield Year-Over-Year Increases in High-Speed Data Subscriber and Network Reach Metrics  Total high-speed broadband subscribers increased 6% year-over-year Broadband homes passed by high-speed data services expanded 20% year-over-year Capital expenditures were $85.7 million (net of $71.8 million reimbursements) for the first nine months of 2024, reduced from $126.6 million (net of $14.3 million reimbursements) for the first nine months of 2023  Q3 2024 Results Highlighted by International Telecom Segment Fixed Revenue Growth, Cost Management Initiatives Supporting Margin ExpansionInternational Telecom segment revenues were essentially flat supported by growth in consumer and business fixed revenues and business mobility revenues US Telecom segment revenues were down 13% due primarily...

Shreveport, Oct. 29, 2024 (GLOBE NEWSWIRE) — Home Federal Bancorp, Inc. of Louisiana (the “Company”) (Nasdaq: HFBL), the holding company of Home Federal Bank, reported net income for the three months ended September 30, 2024, of $941,000 compared to net income of $1.2 million reported for the three months ended September 30, 2023. The Company’s basic and diluted earnings per share were $0.31 for the three months ended September 30, 2024, compared to basic and diluted earnings per share of $0.40 and $0.39, respectively, for the three months ended September 30, 2023. The decrease in net income for the three months ended September 30, 2024, compared to the same period in 2023, resulted from a decrease in net interest income of $857,000, or 16.2%, and a decrease in non-interest income of $134,000, or 30.9%, partially offset by a decrease...