Month: April 2025

HELENA, Mont., April 29, 2025 (GLOBE NEWSWIRE) — Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $3.2 million, or $0.41 per diluted share, in the first quarter of 2025, compared to $3.4 million, or $0.44 per diluted share, in the preceding quarter, and $1.9 million, or $0.24 per diluted share, in the first quarter of 2024. Eagle’s board of directors declared a quarterly cash dividend of $0.1425 per share on April 24, 2025. The dividend will be payable June 6, 2025, to shareholders of record May 16, 2025. The current dividend represents an annualized yield of 3.43% based on recent market prices. “We produced solid first quarter 2025 operating results, reflecting quarterly deposit growth, a reduction in operating expenses...

WUXI, China, April 29, 2025 (GLOBE NEWSWIRE) — LOBO EV Technologies Ltd. (NASDAQ: LOBO) (“LOBO” or the “Company”), a leading provider of electric two-wheelers, electric tricycles, and off-highway electric carts, today announced its audited financial results for the fiscal year ended December 31, 2024, and provided an update on key strategic initiatives. Financial Highlights for Fiscal Year 2024:Revenue: $21.2 million, an increase of 36.9% compared to $15.5 million in fiscal year 2023. Gross Profit: $2.5 million, an increase of 11.2% from $2.2 million in fiscal year 2023. Net Loss: $(845,841), compared to a net income of $986,471 in fiscal year 2023. Cash and Cash Equivalents:$1.4 million as of December 31, 2024. Total Assets: $24.0 million, up 22.0% from $19.7 million as of December 31, 2023. Shareholders’...

EVERETT, Wash., April 29, 2025 (GLOBE NEWSWIRE) — Coastal Financial Corporation (Nasdaq: CCB) (the “Company”, “Coastal”, “we”, “our”, or “us”), the holding company for Coastal Community Bank (the “Bank”), through which it operates a community-focused bank segment (“community bank”) with an industry leading banking as a service (“BaaS”) segment (“CCBX”), today reported unaudited financial results for the quarter ended March 31, 2025, including net income of $9.7 million, or $0.63 per diluted common share, compared to $13.4 million, or $0.94 per diluted common share, for the three months ended December 31, 2024 and $6.8 million, or $0.50 per diluted common share, for the three months ended March 31, 2024. Management Discussion of the First Quarter...

FISCAL Q4 2025 HIGHLIGHTS       $1.1 Million $0.05 $6.33 0.01%Net Income Diluted Earnings perCommon Share Tangible Book Value perShare NPAs to Total Assets       Fiscal Quarter Comparison HighlightsNet Interest Income and Net Interest Margin$9.2 million net interest income for the quarter compared to $8.6 million in Fiscal Q4 2024 Net interest margin at 2.65% for the quarter compared to 2.32% in Fiscal Q4 2024  Credit QualityNon-performing assets at 0.01% of total assets and 0.01% of total loans – similar to year ago quarter No provision booked for the quarter and net recoveries were minimal         Non-Interest Income and Non-Interest ExpenseNon-interest income of $3.7 million for the quarter compared to $494 thousand in Fiscal Q4 2024 (due to strategic investment restructure) Non-interest expense...

SANTA ROSA, Calif., April 29, 2025 (GLOBE NEWSWIRE) — Summit State Bank (the “Bank”) (Nasdaq: SSBI) today reported net income of $2,494,000, or $0.37 per diluted share for the first quarter ended March 31, 2025, compared to net income of $1,395,000, or $0.21 per diluted share for the first quarter ended March 31, 2024. “Our operating performance for the first quarter of 2025 was a significant improvement over the prior quarter, fueled by strong net interest income generation and net interest margin expansion,” said Brian Reed, President and CEO. “We are feeling positive about our earnings trajectory, as we have made significant progress in resolving problem loans which negatively impacted the Bank’s performance in 2024. While market volatility continues throughout the financial sector, we will remain consistent with our balance...