Day: January 22, 2025

Live Oak Bancshares, Inc. Reports Fourth Quarter 2024 Results

Written by Customer Service on January 22, 2025. Posted in Earnings Releases And Operating Results.

WILMINGTON, N.C., Jan. 22, 2025 (GLOBE NEWSWIRE) — Live Oak Bancshares, Inc. (NYSE: LOB) (“Live Oak” or “the Company”) today reported fourth quarter of 2024 net income attributable to the Company of $9.9 million, or $0.22 per diluted share. Net income attributable to the Company for the year ended December 31, 2024, totaled $77.5 million, or $1.69 per diluted share. Live Oak’s performance in 2024, includes these notable items:Record year of $5.16 billion of loan production accompanied by strong deposit growth of $1.49 billion, total assets grew by 14.8% to $12.94 billion 9% growth in revenue and 3% reduction in noninterest expenses generated 38% growth in pre-provision net revenue1 Increased provision expense for credit losses of $44.9 million, or 87.5%, driven by record loan growth combined with the impacts of the current macroeconomic...

TowneBank Reports Full Year and Fourth Quarter Financial Results for 2024

Written by Customer Service on January 22, 2025. Posted in Earnings Releases And Operating Results.

SUFFOLK, Va., Jan. 22, 2025 (GLOBE NEWSWIRE) — TowneBank (the “Company” or “Towne”) (Nasdaq: TOWN) today reported financial results for the full year and fourth quarter ended December 31, 2024. For the year ended December 31, 2024, earnings were $161.76 million, or $2.15 per diluted share, compared to $153.72 million, or $2.06 per diluted share, for the year ended December 31, 2023. Excluding certain items affecting comparability, core earnings (non-GAAP) for 2024 were $163.65 million, or $2.18 per diluted share, compared to $160.94 million, or $2.16 per diluted share, for 2023. Earnings in the fourth quarter of 2024 were $41.27 million, or $0.55 per diluted share, compared to fourth quarter 2023 earnings of $28.80 million, or $0.39 per diluted share. Excluding certain items affecting comparability,...

Amalgamated Financial Corp. Announces a 17% Quarterly Dividend Increase

Written by Customer Service on January 22, 2025. Posted in Dividend Reports And Estimates.

NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) — Amalgamated Financial Corp. (“Amalgamated” or the “Company”) (Nasdaq: AMAL) today announced that its Board of Directors has authorized a $0.02 increase, or 17%, in the Company’s quarterly dividend to $0.14 per common share, payable by the Company on February 27, 2025, to stockholders of record on February 11, 2025. The amount and timing of any future dividend payments to stockholders will be subject to the discretion of the Board of Directors. About Amalgamated Financial Corp. Amalgamated Financial Corp. is a Delaware public benefit corporation and a bank holding company engaged in commercial banking and financial services through its wholly-owned subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based full-service commercial bank and a chartered trust company with a combined...

Macerich Announces Tax Treatment Of 2024 Dividends

Written by Customer Service on January 22, 2025. Posted in Dividend Reports And Estimates.

SANTA MONICA, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — The Macerich Company (NYSE: MAC) today announced the tax treatment for dividend distributions taxable in 2024 on its Common Stock. During the calendar year ended December 31, 2024, Macerich paid dividends of $.68 per share. The 2024 dividends are classified for income tax purposes as follows for The Macerich Company, Common Stock, CUSIP # 554382101:Record Date Payable Date Rate per Share 2024 Taxable Ordinary Dividends 2024 Section 199A Dividends* 2024 Qualified Dividends* 2024 Total Capital Gain Distribution 2024 Nondividend Distribution2/16/2024 3/4/2024 $0.17 $0.00 $ 0.00 $0.00 $0.09 $0.085/20/2024 6/3/2024 $0.17 $0.00 $ 0.00 $0.00 $0.09 $0.088/19/2024 9/9/2024 $0.17 $0.00 $ 0.00 $0.00 $0.09 $0.0811/12/2024 12/2/2024 $0.17 $0.00 $ 0.00 $0.00 $0.09 $0.08*...

FTG Corporation (FTG) Selected by De Havilland Canada to supply Cockpit Assemblies for the New De Havilland Canadair 515 Firefighting Aircraft

Written by Customer Service on January 22, 2025. Posted in Public Companies.

TORONTO, Jan. 22, 2025 (GLOBE NEWSWIRE) — Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) (“FTG”) today announced that De Havilland Aircraft of Canada Ltd. has selected FTG to provide updated cockpit control assemblies for the new De Havilland Canadair 515 (DHC-515) aerial firefighting aircraft. Deliveries will commence in 2025 and will support De Havilland Canada’s program to produce the DHC-515 aircraft. The design, development, and production of these critical assemblies will be conducted at FTG’s Aerospace Toronto facility. “We are incredibly proud to be selected by De Havilland Canada for this important program,” said Peter Dimopoulos, Vice President, Business Development at FTG. “This contract highlights FTG’s ability to provide high-quality, Canadian-made components for a critical Canadian-built aircraft. We...

ROHM’s 2nd Generation MUS-IC Series Audio DAC Chip for Hi-Res Audio Playback with Exclusive HD Monaural Mode

Written by Customer Service on January 22, 2025. Posted in Public Companies.

Delivers an authentic listening experience by expressing the three elements of spatial reverberation, quietness, and dynamic range while preserving the natural “texture” of musical instrumentsROHM’s new 32-bit D/A converter ICIC and evaluation board for flagship models in the MUS-IC™ series optimized for high-resolution audio playbackNew 2nd generation MUS-IC chip from ROHMDelivers sound quality that expresses the natural texture of musical instrumentsSanta Clara, CA and Kyoto, Japan, Jan. 22, 2025 (GLOBE NEWSWIRE) — ROHM Semiconductor today announced a new 32-bit D/A converter IC (DAC chip[1]) and evaluation board designed for flagship models in the MUS-IC™ series optimized for high-resolution audio playback. Engineered to maximally extract and accurately convert high-resolution sound data...

CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2024

Written by Customer Service on January 22, 2025. Posted in Earnings Releases And Operating Results.

Fourth Quarter 2024Net Earnings of $51 million, or $0.36 per share Return on Average Assets of 1.30% Net Interest Margin of 3.18%Full Year 2024Net Earnings of $201 million, or $1.44 per share Return on Average Tangible Common Equity of 14.95%Ontario, CA, Jan. 22, 2025 (GLOBE NEWSWIRE) — CVB Financial Corp. (NASDAQ:CVBF) and its subsidiary, Citizens Business Bank (the “Company”), announced earnings for the quarter and the year ended December 31, 2024. CVB Financial Corp. reported net income of $50.9 million for the quarter ended December 31, 2024, compared with $51.2 million for the third quarter of 2024 and $48.5 million for the fourth quarter of 2023. Diluted earnings per share were $0.36 for the fourth quarter, compared with $0.37 for the prior quarter and $0.35 for the same period last year. For the fourth quarter...

Malaga Financial Corporation Reports Annual Earnings for 2024

Written by Customer Service on January 22, 2025. Posted in Dividend Reports And Estimates.

PALOS VERDES ESTATES, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Malaga Financial Corporation, “Company” (OTCPink:MLGF), the parent company of Malaga Bank FSB, today reported that net income for the twelve months ended December 31, 2024 was $22,651,000 ($2.40 basic and fully diluted earnings per share) compared to $22,981,000 ($2.44 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 14, 2024) for the twelve months ended December 31, 2023, a 1% decrease. Net income for the quarter ended December 31, 2024, was $5,312,000 ($0.56 basic and fully diluted earnings per share), a decrease of $471,000 or 8% from net income of $5,783,000 for the quarter ended December 31, 2023 ($0.61 basic and fully diluted earnings per share, as adjusted for the stock dividend declared on November 14, 2024)....

Avid Reminds Stockholders to Vote Today FOR the Transaction with GHO and Ampersand

Written by Customer Service on January 22, 2025. Posted in Mergers And Acquisitions.

Mails Letter to Stockholders Highlighting the Significant, Immediate and Certain Cash Value the Transaction Delivers to Stockholders TUSTIN, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Avid Bioservices, Inc. (NASDAQ: CDMO) (“Avid” or the “Company”), a dedicated biologics contract development and manufacturing organization (“CDMO”) working to improve patient lives by providing high quality development and manufacturing services to biotechnology and pharmaceutical companies, today announced that it has mailed a letter to stockholders in connection with its pending transaction with GHO Capital Partners LLP (“GHO”) and Ampersand Capital Partners (“Ampersand”). The Special Meeting to vote on the transaction is scheduled for January 30, 2025, and Avid stockholders of record as of December 11, 2024, are eligible to vote at the Special Meeting. The...

Nokia Corporation: Repurchase of own shares on 22.01.2025

Written by Customer Service on January 22, 2025. Posted in Public Companies.

Nokia CorporationStock Exchange Release22 January 2025 at 22:30 EET Nokia Corporation: Repurchase of own shares on 22.01.2025 Espoo, Finland – On 22 January 2025 Nokia Corporation (LEI: 549300A0JPRWG1KI7U06) has acquired its own shares (ISIN FI0009000681) as follows:Trading venue (MIC Code) Number of shares Weighted average price / share, EUR*XHEL 872,093 4.45CEUX – –BATE – –AQEU – –TQEX – –Total 872,093 4.45* Rounded to two decimals On 22 November 2024, Nokia announced that its Board of Directors is initiating a share buyback program to offset the dilutive effect of new Nokia shares issued to the shareholders of Infinera Corporation and certain Infinera Corporation share-based incentives. The repurchases in compliance with the Market Abuse Regulation (EU) 596/2014...

Day: January 22, 2025

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals