Day: April 23, 2025

Main Capital Partners acquires software provider Trace One from STG

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

PARIS, April 23, 2025 (GLOBE NEWSWIRE) — Main Capital Partners (‘Main’), Trace One, and STG Partners, LLC (‘STG’) are pleased to announce Main’s strategic acquisition of Trace One, a premier SaaS leader in Product Lifecycle Management (PLM) and compliance software, from its previous principal owner, STG. This landmark transaction marks Main Capital’s inaugural platform investment in France, following the recent opening of its Paris office in February 2025. Founded in 2001 and headquartered in Paris, Trace One has emerged as a powerhouse in delivering innovative PLM and compliance solutions tailored to the food & beverage, cosmetics & personal care, and chemical industries. Trusted by over 9,000 global brands—including industry giants such as Carrefour, Cargill, Barilla, Nestlé, and Ahold Delhaize—Trace One’s robust platform...

Hanover Bancorp, Inc. Reports First Quarter 2025 Results Highlighted by Accelerated Margin Expansion, Improved Credit Quality Metrics & Successful Core Banking System Conversion

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

First Quarter Performance HighlightsNet Income: Net income for the quarter ended March 31, 2025 totaled $1.5 million or $0.20 per diluted share (including Series A preferred shares). Adjusted (non-GAAP) net income (excluding core system conversion expenses of $2.6 million, net of tax) increased to $4.1 million or $0.55 per diluted share for the quarter ended March 31, 2025. Net Interest Income: Net interest income was $14.6 million for the quarter ended March 31, 2025, an increase of $0.8 million or 5.95% from the quarter ended December 31, 2024 and $1.7 million, or 13.10% from the quarter ended March 31, 2024. Net Interest Margin Expansion: The Company’s net interest margin during the quarter ended March 31, 2025 increased to 2.68% from 2.53% in the quarter ended December 31, 2024 and 2.41% in the quarter ended March 31, 2024. Strong...

Esperion to Report First Quarter 2025 Financial Results on May 6

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

ANN ARBOR, Mich., April 23, 2025 (GLOBE NEWSWIRE) — Esperion (NASDAQ: ESPR) today announced it will report first quarter 2025 financial results before the market opens on Tuesday, May 6, 2025. Following the release, management will host a webcast at 8:00 a.m. ET to discuss these financial results and provide business updates. A live audio webcast can be accessed on the investor and media section of the Esperion website. Access to the webcast replay will be available approximately two hours after completion of the call and will be archived on the Company’s website for approximately 90 days. Esperion TherapeuticsEsperion Therapeutics, Inc. is a commercial stage biopharmaceutical company focused on bringing new medicines to market that address unmet needs of patients and healthcare professionals. The Company developed and is...

First Hawaiian, Inc. Reports First Quarter 2025 Financial Results and Declares Dividend

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

HONOLULU, April 23, 2025 (GLOBE NEWSWIRE) — First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended March 31, 2025. “I’m pleased to report that First Hawaiian Bank started 2025 with a solid quarter. Retail deposits continued to grow, net interest income rose from the prior quarter, expenses were well managed, and credit quality remained strong,” said Bob Harrison, Chairman, President, and CEO. “Despite the current economic uncertainty, our customers can be confident in the strength of our balance sheet, our solid capital position, and our deep roots in the community, which provide the stability and reliability that define us.” On April 22, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend will be payable...

Publishing of Suominen’s Interim Report January–March 2025 on May 7, 2025

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

Suominen Corporation’s press release on April 23, 2025 at 3:00 p.m. (EEST) Suominen Corporation will publish its Interim report for January 1 – March 31, 2025 on Wednesday, May 7, 2025 at approximately 9:30 a.m. (EEST). Tommi Björnman, President & CEO, and Janne Silonsaari, CFO, will present the result in English in an audiocast and a conference call for analyst, investors, and media on the same day at 11:00 a.m. (EEST). The audiocast can be followed at https://suominen.events.inderes.com/q1-2025. The recording of the audiocast and the presentation material will be available after the event at www.suominen.fi. Conference call participants can access the teleconference by registering at https://palvelu.flik.fi/teleconference/?id=5004238. The phone numbers and a conference ID to access the conference will be provided after the registration. SUOMINEN...

Southern Michigan Bancorp, Inc. Announces First Quarter 2025 Earnings

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

COLDWATER, Mich., April 23, 2025 (GLOBE NEWSWIRE) — Southern Michigan Bancorp, Inc. (OTC Pink: SOMC) announced first quarter 2025 net income of $3,046,000, or $0.66 per share, an increase of $368,000, or 13.7%, compared to net income of $2,678,000, or $0.59 per share, for the first quarter of 2024. John R. Waldron, President and Chief Executive Officer of Southern Michigan Bancorp, Inc., stated, “First quarter 2025 earnings were solid, and credit quality remained strong. Our continued investment in market expansion and staff translated into record levels of loans, deposits and total assets as of March 31, 2025.” The allowance for credit losses totaled $12,780,000, or 1.12% of loans on March 31, 2025. Net loan charge-offs totaled $2,000 for the first quarter of 2025, compared to $10,000 for the first quarter of 2024. Non-performing...

Watsco’s First Quarter Reflects Large-Scale Product Transition, Strong Sales Growth and Expanded Margins in Core Replacement Market

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

Debt-Free Balance Sheet, Industry-Leading Technology and Scale Create Competitive Advantage; Business Trends Improve Ahead of Summer Selling Season MIAMI, April 23, 2025 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced its operating results for the first quarter ended March 31, 2025 and provided commentary on growth opportunities, business trends, its financial position and long-term growth drivers. Watsco is the leading distributor in the HVAC/R marketplace, serving over 375,000 contractors, technicians and installers from 693 locations across the U.S., Canada and Latin America. Since entering distribution in 1989, the Company has scaled to be the industry leader through a combination of organic growth and the acquisition of 71 businesses. From 1989 through 2024, Watsco has achieved a 19% compounded annual growth rate (CAGR)...

Stock Yards Bancorp Reports Record First Quarter Earnings of $33.3 Million or $1.13 Per Diluted Share

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

Highlighted By Strong Loan Growth LOUISVILLE, Ky., April 23, 2025 (GLOBE NEWSWIRE) — Stock Yards Bancorp, Inc. (NASDAQ: SYBT), parent company of Stock Yards Bank & Trust Company, with offices in Louisville, central, eastern and northern Kentucky, as well as the Indianapolis, Indiana and Cincinnati, Ohio metropolitan markets, today reported record earnings of $33.3 million, or $1.13 per diluted share, for the first quarter ended March 31, 2025. This compares to net income of $25.9 million, or $0.88 per diluted share, for the first quarter of 2024. Continued strong loan growth contributed to solid first quarter 2025 operating results. (dollar amounts in thousands, except per share data) 1Q25 4Q24 1Q24 Net income $ 33,271 $ 31,694 $ 25,887 Net income per share, diluted 1.13 1.07 0.88 Net...

Fenix Outdoor International AG Later payment of extra dividend

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

Zug 2025-04-23 Press release: Delayed payment of extra dividend The Board of Directors proposes to the Annual General Meeting that the payment of the extra dividend will take place on Monday 8 December, not as previously planned, on 12 May, but that the ordinary dividend will be paid as planned according to the notice to the Annual General Meeting. See below for details. The reasons for the updated proposal are partly the Group’s cyclical liquidity situation, with a strong cash flow in the latter part of the year. In addition, it is currently very difficult to predict how economy, tariffs and other macro factors will develop. Since the first dividend proposal, the Group has also acquired Devold, mainly with cash. Fenix Outdoor International AG Contact person: Martin Nordin, Executive Chairman +41 797 99 27 58 ________________________________________________________________________________The...

Correction: LHV Group unaudited financial results for Q1 2025

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

— At the auditor’s suggestion, the corrected version reflects declared but unpaid dividends as a liability. Accordingly, the figures for liabilities, equity, and return on equity have been adjusted. — The first quarter of the year was characterised by rapid growth in business volumes for LHV, but also by a decrease in profit due to lower interest rates and increased impairments. In Q1 2025, AS LHV Group earned EUR 29.2 million in net profit. AS LHV Pank earned EUR 25.2 million and LHV Bank Ltd EUR 2.1 million in net profit. At the same time, the net profit of AS LHV Varahaldus was EUR 103 thousand and of AS LHV Kindlustus EUR 665 thousand in Q1. The return on equity attributable to the shareholders of the Group was 17.0% in Q1. On a consolidated basis, LHV earned EUR 79.4 million in revenue in Q1 2025, i.e. 6% less than...

Day: April 23, 2025

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