Month: April 2025

MOUNTLAKE TERRACE, Wash., April 22, 2025 (GLOBE NEWSWIRE) — FS Bancorp, Inc. (NASDAQ: FSBW) (the “Company”), the holding company for 1st Security Bank of Washington (the “Bank”) today reported 2025 first quarter net income of $8.0 million, or $1.01 per diluted share, compared to $8.4 million, or $1.06 per diluted share, for the comparable quarter one year ago.  “Deposit growth exceeded expectations in the first quarter of 2025, enabling the Bank to be well positioned for our loan pipeline going into the second quarter,” stated Matthew Mullet, President/CFO. “We are also pleased that our Board of Directors approved our forty-ninth consecutive quarterly cash dividend of $0.28 per common share, demonstrating our continued commitment to returning value to shareholders.  The cash dividend will be paid on May 22, 2025, to shareholders...

Year-Over-Year increases in Sales of Marine Fuels, Total Revenues and Gross Profit SINGAPORE, April 22, 2025 (GLOBE NEWSWIRE) — Uni-Fuels Holdings Limited (NASDAQ: UFG), (“Uni-Fuels” or the “Company”), a global provider of marine fuel solutions headquartered in Singapore, today announced its financial results for year ended December 31, 2024. Recent DevelopmentsOn January 15, 2025, the Company closed its initial public offering (the “Offering”) of 2,100,000 Class A Ordinary Shares at a public offering price of $4.00 per share, for total gross proceeds of $8.4 million, before deducting underwriting discounts and commissions. All of the Class A Ordinary Shares are offered by Uni-Fuels. The Class A Ordinary Shares commenced trading on Nasdaq Capital Market on January 14, 2025, under the ticker symbol “UFG”.On February 4, 2025,...

First quarter revenue of $1,193 million decreased 12% year-over-year First quarter operating income of $142 million decreased 39% year-over-year First quarter net income of $76 million, a 6.4% margin, decreased 32% year-over-year First quarter adjusted EBITDA* of $253 million, a 21.2% margin, decreased 25%, or 354 basis points, year-over-year First quarter cash provided by operating activities of $142 million and adjusted free cash flow* of $66 million Repurchased $34 million of 8.625% Senior Notes due 2030 in the first quarter of 2025 Shareholder return of $71 million for the quarter, which included dividend payments of $18 million and share repurchases of $53 million Board approved quarterly cash dividend of $0.25 per share, payable on June 5, 2025, to shareholders of record as of May 6, 2025 As part of its portfolio optimization strategy,...

DALLAS, April 22, 2025 (GLOBE NEWSWIRE) — Veritex Holdings, Inc. (“Veritex”, the “Company”, “we” or “our”) (Nasdaq: VBTX), the holding company for Veritex Community Bank, today announced the results for the quarter ended March 31, 2025. “We continue to strengthen our balance sheet in support of our clients during a time of change and uncertainty,” said C. Malcolm Holland, III, the Company’s Chairman and Chief Executive Officer. “Key operating financial and credit performance metrics continue to improve and we remain focused on producing previously communicated 2025 goals, including a ROAA that exceeds 1%. Our focus also remains on disciplined loan growth, which is an industry wide challenge in the current environment.”  Quarter to DateFinancial Highlights Q1 2025   Q4 2024   Q1 2024  (Dollars in thousands, except per share...

CHIHUAHUA, Mexico, April 22, 2025 (GLOBE NEWSWIRE) — GCC, S.A.B. de C.V. (BMV: GCC*), a leading supplier and producer of cement, concrete and aggregates in the United States and Mexico, announced today its results for the first quarter of 2025. Q1 2025 HIGHLIGHTSConsolidated net sales decreased 9.6% year-on-year to US$246.5 million U.S. concrete volumes increased 4.7% U.S. cement and concrete prices increased 3% and 12.1%, respectively Mexico cement and concrete prices increased 5.2% and 2.9%, respectively EBITDA decreased 11.3% to US$73.6 million with a 29.8% EBITDA margin Cash and equivalents totaled US$873.4 million Net leverage (net debt/EBITDA) ratio totaled -0.56x as of March 2025 Earnings per share decreased 17.1% year-on-year, to US$0.1240 Free cash flow totaled US$13 million with a 17.7% free cash flow conversion rate GCC...

PHILADELPHIA, April 22, 2025 (GLOBE NEWSWIRE) — Brandywine Realty Trust (NYSE:BDN) today reported its financial and operating results for the three months ended March 31, 2025. Management Comments “During the first quarter, we made excellent progress on our 2025 business plan highlighted by achieving 92% of our speculative revenue target based on the midpoint of our guidance.” stated Jerry Sweeney, President and Chief Executive Officer of Brandywine Realty Trust. “We continue to experience positive mark-to-market rental rate increases of 8.9% and 2.3% on an accrual and cash basis as well. We have also executed approximately 306,000 square feet of forward new leasing commencing after the first quarter, our highest total in eleven quarters. Our Schuylkill Yards residential development project Avira is now 96% leased and we anticipate...

Results highlighted by strong loan growth, continued operating efficiency, and solid asset quality HAMILTON, N.J., April 22, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (“the Bank”) today announced results for the first quarter of 2025. Net income for the first quarter of 2025 was $9.4 million, or $0.37 per diluted share, compared to $12.5 million, or $0.50 per diluted share, for the first quarter of 2024. Return on average assets, return on average equity and return on average tangible equityi for the first quarter of 2025 were 1.00%, 9.20% and 10.54%, respectively, compared to 1.41%, 13.36% and 15.64%, respectively, for the first quarter of 2024.  First Quarter 2025 Performance Highlights:Total loans of $3.24 billion at March 31, 2025 grew $91.8 million, or 11.8%, annualized, from the linked...

TUPELO, Miss., April 22, 2025 (GLOBE NEWSWIRE) — Renasant Corporation (NYSE: RNST) (the “Company”) today announced earnings results for the first quarter of 2025.(Dollars in thousands, except earnings per share) Three Months Ended  Mar 31, 2025 Dec 31, 2024 Mar 31, 2024Net income and earnings per share:      Net income $41,518 $44,747 $39,409Basic EPS   0.65   0.70   0.70Diluted EPS   0.65   0.70   0.70Adjusted diluted EPS (Non-GAAP)(1)   0.66   0.73   0.65             “Results for the quarter represent a good start to the year with solid profitability and growth in loans and deposits,” remarked C. Mitchell Waycaster, Chief Executive Officer of the Company. “On April 1st, we completed the merger with The First Bancshares, Inc. and welcome their team to Renasant. Together, we are positioned...

First Quarter 2025 HighlightsNet income of $25.8 million, or $1.52 per diluted share Adjusted net income (non-GAAP) of $26.0 million, or $1.53 per diluted share Adjusted NIM (TEY) (non-GAAP) expanded to 3.41% Robust core deposit growth of 20% annualized Wealth management revenue growth of 14% annualized Tangible book value per share (non-GAAP) grew $1.43, or 11% annualized TCE/TA ratio (non-GAAP) improved 15 basis points to 9.70%MOLINE, Ill., April 22, 2025 (GLOBE NEWSWIRE) — QCR Holdings, Inc. (NASDAQ: QCRH) (the “Company”) today announced quarterly net income of $25.8 million and diluted earnings per share (“EPS”) of $1.52 for the first quarter of 2025, compared to net income of $30.2 million and diluted EPS of $1.77 for the fourth quarter of 2024. Adjusted net income (non-GAAP) and adjusted diluted EPS for the first quarter...