Month: January 2025

Heritage Commerce Corp Reports Robust Loan and Deposit Growth in 2024

Written by Customer Service on January 23, 2025. Posted in Earnings Releases And Operating Results.

SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2023. All data are unaudited. “Our earnings for both the fourth quarter of 2024 and the full year were fueled by excellent deposit growth and...

Lumine Group to Acquire Vidispine from Arvato Systems

Written by Customer Service on January 23, 2025. Posted in Mergers And Acquisitions.

TORONTO, Jan. 23, 2025 (GLOBE NEWSWIRE) — Lumine Group Inc. (“Lumine Group” or “the Company”) (TSXV: LMN), a global buy-and-hold forever acquirer of communications and media software businesses, announced today that, through one of its wholly-owned subsidiaries, it has entered into an agreement to acquire assets related to the Vidispine brand and business (“Vidispine”) from Arvato Systems, a subsidiary of Bertelsmann SE & Co. KGaA. Vidispine, a brand within Arvato Systems, helps companies streamline their sales and core operations by offering Broadcast management solutions for Media Asset Management. Vidispine focuses on innovation, enhancing workflow efficiency, and maximizing content potential. Vidispine is based in Germany. Once the acquisition is completed, it will be Lumine Group’s 15th corporate carve-out transaction...

RF Acquisition Corp. Shareholders Approve Business Combination with GCL Global Holdings Ltd.

Written by Customer Service on January 23, 2025. Posted in Mergers And Acquisitions.

SINGAPORE, Jan. 23, 2025 (GLOBE NEWSWIRE) — RF Acquisition Corp. (Nasdaq: RFAC) (“RFAC”), a publicly traded special purpose acquisition company, announced that at its Special Meeting earlier today, January 23, 2025, its stockholders approved the previously announced business combination with GCL Global Limited (“GCL”), one of Asia’s leading video game distributors and publishers. Complete official results of the vote will be included in a current report on Form 8-K to be filed by RFAC with the U.S. Securities and Exchange Commission (the “SEC”). Subject to satisfaction of customary closing conditions, the business combination is expected to close in the coming weeks, resulting in each of GCL and RFAC becoming a wholly-owned subsidiary of GCL Global Holdings Ltd. (the “Combined Company”), with its ordinary shares and warrants...

Mueller Water Products Announces Dates for First Quarter 2025 Earnings Release and Conference Call

Written by Customer Service on January 23, 2025. Posted in Public Companies.

ATLANTA, Jan. 23, 2025 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE: MWA) plans to release financial results for its first quarter ended December 31, 2024, after U.S. markets close on Tuesday, February 4, 2025. On Wednesday, February 5, 2025, at 9:30 a.m. ET, the Company will hold a conference call to discuss earnings and business results. Interested parties are invited to listen via webcast available on the Investor Relations section of the Company’s website www.muellerwaterproducts.com. An archive of the webcast will be available for approximately 90 days following the call. About Mueller Water Products, Inc. Mueller Water Products, Inc. is a leading manufacturer and marketer of products and solutions used in the transmission, distribution and measurement of water in North America. Our broad portfolio includes engineered...

First Western Reports Fourth Quarter 2024 Financial Results

Written by Customer Service on January 23, 2025. Posted in Earnings Releases And Operating Results.

Fourth Quarter 2024 SummaryNet income available to common shareholders of $2.7 million in Q4 2024, compared to $2.1 million in Q3 2024 Diluted earnings per share of $0.28 in Q4 2024, compared to $0.22 in Q3 2024 Net interest income of $16.9 million in Q4 2024, compared to $15.6 million in Q3 2024 Net interest margin increased 13 basis points from 2.32% in Q3 2024 to 2.45% in Q4 2024 Total loans increased 2.1% from $2.40 billion in Q3 2024 to $2.45 billion in Q4 2024 Average deposits increased 4.0% from $2.40 billion in Q3 2024 to $2.50 billion in Q4 2024DENVER, Jan. 23, 2025 (GLOBE NEWSWIRE) — First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the fourth quarter ended December 31, 2024. Net income available to common shareholders was $2.7 million, or $0.28 per...

First Bank Announces Fourth Quarter 2024 Net Income of $10.5 Million and Full Year Net Income of $42.2 Million

Written by Customer Service on January 23, 2025. Posted in Earnings Releases And Operating Results.

Results highlighted by strong loan growth, continued operating efficiency, and solid asset quality HAMILTON, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (“the Bank”) today announced results for the fourth quarter and full year 2024. Net income for the fourth quarter of 2024 was $10.5 million, or $0.41 per diluted share, compared to $8.4 million, or $0.33 per diluted share, for the fourth quarter of 2023. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2024 were 1.10%, 10.27% and 11.82%, respectively, compared to 0.93%, 9.06% and 10.67%, respectively, for the fourth quarter of 2023. Full year 2024 net income was $42.2 million, or $1.67 per diluted share, compared to $20.9 million, or $0.95 per diluted share for 2023....

MasterCraft Boat Holdings, Inc. to Webcast Fiscal Second Quarter 2025 Earnings Conference Call Thursday, February 6, 2025

Written by Customer Service on January 23, 2025. Posted in Public Companies.

Live webcast at 8:30 a.m. EST VONORE, Tenn., Jan. 23, 2025 (GLOBE NEWSWIRE) — MasterCraft Boat Holdings, Inc. (NASDAQ: MCFT) (the “Company”) will host a live webcast of its fiscal second quarter 2025 earnings conference call on Thursday, February 6, 2025, at 8:30 a.m. EST. Brad Nelson, Chief Executive Officer, and Tim Oxley, Chief Financial Officer, will discuss the Company’s financial results. The Company will issue a pre-market earnings release prior to the call on February 6, 2025. Participants may access the conference call live via webcast on the investor section of the Company’s website, Investors.MasterCraft.com, on the day of the conference call by clicking on the webcast icon. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation...

Athene Announces Fixed Income Investor Call

Written by Customer Service on January 23, 2025. Posted in Public Companies.

WEST DES MOINES, Iowa, Jan. 23, 2025 (GLOBE NEWSWIRE) — Athene Holding Ltd. (“Athene”), a leading retirement services company and subsidiary of Apollo Global Management, Inc. (NYSE:APO), announced it will host a Fixed Income Investor call on Thursday, February 13, 2025 at 9:00AM ET. The call will feature members of Athene’s senior management team, who will provide an update on current business trends, new business origination, the investment portfolio, and capital. An accompanying presentation, live webcast, and webcast replay will be available on the Investor Relations section of Athene’s website at ir.athene.com. Conference Call Details:Dial-in: Toll-free at 877-404-1236 (domestic) or + 1 215-268-9888 (international) About AtheneAthene is a leading retirement services company with over $350 billion of total assets as of September...

Midland States Bancorp, Inc. Announces 2024 Fourth Quarter Results

Written by Customer Service on January 23, 2025. Posted in Public Companies.

Fourth Quarter 2024 Highlights:Net loss available to common shareholders of $54.8 million, or $2.52 per diluted share Adjusted pre-tax, pre-provision earnings of $21.5 million, compared to $27.5 million in prior quarter Sold $87.1 million LendingPoint consumer loan portfolio, recognizing net charge-offs and provision for credit losses of $17.3 million Committed to a plan to sell $371.7 million Greensky portfolio, recognizing net charge-offs and provision for credit losses of $33.4 million Net charge-offs on loans of $102.7 million and provision for credit losses on loans of $93.5 million to address credit issues in the loan portfolio including credit losses for LendingPoint and Greensky portfolios Net interest margin of 3.19%, compared to 3.10% in prior quarter Wealth management revenue of $7.7 million, compared to $7.1 million in prior...

Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended December 31, 2024

Written by Customer Service on January 23, 2025. Posted in Public Companies.

4th Quarter 2024 Highlights:Diluted earnings per share for the current quarter was $0.54 per share, an increase of 20 percent from the prior quarter diluted earnings per share of $0.45 per share and an increase of 10 percent from the prior year fourth quarter diluted earnings per share of $0.49 per share. Net income was $61.8 million for the current quarter, an increase of $10.7 million, or 21 percent, from the prior quarter net income of $51.1 million and an increase of $7.4 million, or 14 percent, from the prior year fourth quarter net income of $54.3 million. The net interest margin as a percentage of earning assets, on a tax-equivalent basis, for the current quarter was 2.97 percent, an increase of 14 basis points from the prior quarter net interest margin of 2.83 percent and an increase of 41 basis points from the prior year fourth...

Month: January 2025

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