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Month: October 2025

Ponce Financial Group, Inc. Reports Third Quarter 2025 Results

NEW YORK, Oct. 24, 2025 (GLOBE NEWSWIRE) — Ponce Financial Group, Inc., (the “Company”) (NASDAQ: PDLB), the holding company for Ponce Bank, N.A. (the “Bank”), today announced results for the third quarter of 2025. Third Quarter 2025 Highlights (Compared to Prior Periods):Net income available to common stockholders was $6.2 million, or $0.27 per diluted share for the three months ended September 30, 2025, as compared to net income available to common stockholders of $5.8 million, or $0.25 per diluted share for the three months ended June 30, 2025 and net income available to common stockholders of $2.2 million, or $0.10 per diluted share for the three months ended September 30, 2024. Total net income for the three months ended September 30, 2025 was $6.5 million. The Company paid dividends of $0.3 million on its preferred stock...

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Gentex Reports Third Quarter 2025 Financial Results

ZEELAND, Mich., Oct. 24, 2025 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, fire protection technologies, medical devices, and consumer electronics, today reported financial results for the three and nine months ended September 30, 2025. Third Quarter 2025 HighlightsGentex and VOXX International Corporation (“VOXX”) Consolidated net sales totaled $655.2 million, an 8% increase compared to the third quarter of 2024, which did not include VOXX Core Gentex net sales (excluding VOXX) totaled $570.3 million in the third quarter of 2025 Consolidated gross margin of 34.4%, an increase of 90 basis points from the third quarter of 2024, which did not include VOXX Core Gentex gross margin (excluding VOXX) of 34.9%, an increase of 140 basis points compared...

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ITW Reports Third Quarter 2025 Results

Revenue of $4.1 billion, an increase of 2% with organic growth of 1% Record operating margin of 27.4%, an expansion of 90 bps as enterprise initiatives contributed 140 bps GAAP EPS of $2.81, an increase of 6% excluding prior year divestiture gain Operating cash flow of $1 billion; free cash flow of $0.9 billion, an increase of 15% Narrowing full year GAAP EPS guidance range to $10.40 to $10.50 per shareGLENVIEW, Ill., Oct. 24, 2025 (GLOBE NEWSWIRE) — Illinois Tool Works Inc. (NYSE: ITW) today reported its third quarter 2025 results. “The ITW team concluded the third quarter with solid operational and financial execution, delivering EPS of $2.81, which grew six percent year-over-year excluding the divestiture gain, alongside record operating margin of 27.4 percent, and a 15 percent increase in free cash flow. This outcome...

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

HONOLULU, Hawaii, Oct. 24, 2025 (GLOBE NEWSWIRE) — First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended September 30, 2025. “I’m pleased to report that the third quarter was another period of market-leading performance for First Hawaiian Bank,” said Bob Harrison, Chairman, President, and CEO. “These strong results reflect how well our teams and operations work together to deliver outstanding financial performance and the personalized service our customers expect and deserve.” On October 22, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on November 28, 2025, to stockholders of record at the close of business on November 17, 2025.   Third Quarter 2025 Highlights:Net income of $73.8...

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MAX Power Receives Drilling License for Canada’s First Dedicated Natural Hydrogen Well

Lawson Drilling Set to Begin in Early November as MAX Power Advances Canada’s First Natural Hydrogen Well MAX Power Saskatchewan Natural Hydrogen Documentary Videohttps://www.maxpowermining.com/NaturalHydrogen-NewEra/ SASKATOON, Saskatchewan, Oct. 24, 2025 (GLOBE NEWSWIRE) —  MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) is pleased to announce that it has received the drilling license for the first well of its planned multi-well Natural Hydrogen drill program in southern Saskatchewan. Procurement of services and suppliers, including the drilling contractor, is complete, and the Lawson target well in the heart of the 200-km-long Genesis Trend will be spud on or about November 7, 2025. Mr. Mansoor Jan, President and CEO of MAX Power, commented: “Receiving the well license marks a major...

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SciSparc Announces Closing of the Acquisition of a Publicly Traded Company on the TSXV to which it transferred its Advanced Clinical Stage Pharmaceutical Portfolio

TEL AVIV, Israel, Oct. 24, 2025 (GLOBE NEWSWIRE) — SciSparc Ltd. (Nasdaq: SPRC) (“Company” or “SciSparc”), a specialty clinical-stage pharmaceutical company focusing on the development of therapies to treat disorders and rare diseases of the central nervous system, announced today the closing of the transactions under the asset and share purchase agreement by and among the Company, Miza III Ventures Inc. and SciSparc Nutraceuticals Inc. (the “Agreement”). Pursuant to the Agreement, SciSparc received a controlling interest in Neurothera Labs Inc. (formerly known as Miza III Ventures Inc.) (TSXV:NTLX) (“Neurothera”), a publicly traded company on the TSX Venture Exchange (the “TSXV”) in Canada, and the Company transferred to Neurothera its advanced clinical stage pharmaceutical portfolio and its equity stake of approximately 51% in...

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Biogen Licenses Oral C5aR1 Antagonist from Vanqua Bio to Expand Immunology Portfolio

The oral C5aR1 antagonist is designed to modulate neutrophil-driven inflammation, a central mechanism underlying many inflammatory diseasesCAMBRIDGE, Mass. and CHICAGO, Oct. 24, 2025 (GLOBE NEWSWIRE) —  Biogen Inc. (Nasdaq: BIIB) and Vanqua Bio today announced a license agreement granting Biogen exclusive worldwide rights to Vanqua’s preclinical, oral C5aR1 antagonist. This agreement strengthens Biogen’s immunology strategy by advancing a proven immune mechanism with the potential to address a broad range of inflammatory disorders with high unmet need. “This agreement reflects our strong commitment to building a comprehensive immunology pipeline with a strategic focus on both innate and adaptive immune pathways,” said Jane Grogan, Ph.D., Executive Vice President and Head of Research at Biogen. “C5aR1 is a well-validated target...

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AGF Investments Announces October 2025 Cash Distributions for AGF Enhanced U.S. Equity Income Fund, AGF Total Return Bond Fund and AGF Systematic Global Infrastructure ETF

TORONTO, Oct. 24, 2025 (GLOBE NEWSWIRE) — AGF Investments Inc. (AGF Investments) today announced the October 2025 cash distributions for AGF Enhanced U.S. Equity Income Fund*, AGF Total Return Bond Fund* and AGF Systematic Global Infrastructure ETF, which pay monthly distributions. Unitholders of record on October 31, 2025 will receive cash distributions payable on November 6, 2025. Details regarding the final “per unit” distribution amounts are as follows:ETF Ticker Exchange Cash Distribution PerUnit ($)AGF Enhanced U.S. EquityIncome Fund* AENU Cboe Canada Inc. $0.175712AGF Total Return BondFund* ATRB Cboe Canada Inc. $0.130000AGF Systematic GlobalInfrastructure ETF QIF Cboe Canada Inc. $0.155278       *AGF Enhanced U.S. Equity Income Fund and AGF Total Return Bond Fund are mutual funds with an ETF series option. Further...

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Latin Metals Announces Plan to Spin-Out Peruvian Copper Assets

VANCOUVER, British Columbia, Oct. 24, 2025 (GLOBE NEWSWIRE) — Latin Metals Inc. (“Latin Metals” or the “Company”) – (TSXV: LMS, OTCQB: LMSQF) announces the Company has initiated plans to spin-out (the “Spin-Out“) certain of its 100% owned Peruvian exploration projects (the “Spin-Out Assets“) into a newly incorporated subsidiary of Latin Metals (“Latin Explore“). Upon completion of the Spin-Out, Latin Explore will initially be owned by Latin Metals, its shareholders, and investors participating in a concurrent private placement to fund the launch of Latin Explore. Latin Metals intends to complete the Spin-Out by way of a Plan of Arrangement (“POA“) and apply to list the common shares of Latin Explore on the TSX Venture Exchange (“TSXV“). Full...

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Indonesia Energy Signs Memorandum of Understanding During State Visit to Indonesia By Brazilian President Lula da Silva Promoting Energy Cooperation between Indonesia and Brazil

MOU furthers IEC’s efforts with Aquila Energia to explore the promotion of sustainable off grid energy solutions for the growing digital economy in Brazil  JAKARTA, INDONESIA AND DANVILLE, CA, Oct. 24, 2025 (GLOBE NEWSWIRE) — Indonesia Energy Corporation (NYSE American: INDO) (“IEC”), an oil and gas exploration and production company focused on energy assets in Indonesia, today announced that it signed a Memorandum of Understanding (MOU) with Aguila Energia e Participações Ltda. (“AEP”), an affiliate of Rio de Janeiro–based investment firm Aguila Capital, as part of the official signing ceremonies during the summit meetings between President Prabowo Subianto of Indonesia and President Luiz Inácio Lula da Silva of Brazil.The MOU establishes a cooperative, non-binding framework between IEC and AEP to jointly identify,...

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