Year: 2025

SAN JOSE, Calif., July 24, 2025 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”) today announced its financial results for the second quarter and six months ended June 30, 2025. All data are unaudited.REPORTED SECOND QUARTER 2025 HIGHLIGHTS:           Net Income Earnings Per Share Pre-Provision Net Revenue (“PPNR”)(1) Fully Tax Equivalent (“FTE”) Net Interest Margin(1) Efficiency Ratio(1) Tangible Book Value Per Share(1)           $6.4 million $0.10 $9.4 million 3.54 % 80.23 % $8.49           ADJUSTED SECOND QUARTER 2025 HIGHLIGHTS:(1)                 Net Income Earnings Per Share PPNR(1) FTE Net Interest Margin(1) Efficiency Ratio(1) Tangible Book Value Per Share(1)                      $13.0...

OPT Enters Fiscal 2026 with Record Backlog and Record Pipeline MONROE TOWNSHIP, N.J., July 24, 2025 (GLOBE NEWSWIRE) — Ocean Power Technologies, Inc. (“OPT” or “the Company”) (NYSE American: OPTT), today announced financial results for its fiscal fourth quarter (“4Q25”) and full-year ended April 30, 2025 (“FY25”). Highlights include: FY25 RESULTS and RECENT HIGHLIGHTSBacklog at April 30, 2025 was $12.5 million, a 158% increase over the prior year. Pipeline as of the date of this release stands at $137.5 million, an 88% increase over the $71.6 million pipeline at April 30, 2024. Operating expenses of $23.3 million for FY25 decreased $8.9 million, or 28%, versus $32.2 million for the year ended April 30, 2024. Revenues for FY25 of $5.9 million increased 6% over FY24 revenues.Global Platform Deployments:Shipped...

Second Quarter 2025 SummaryTotal loans increased $115 million, or 4.7%, from $2.43 billion as of Q1 2025 to $2.54 billion as of Q2 2025 Net interest margin increased 6 basis points from 2.61% in Q1 2025 to 2.67% in Q2 2025 Net interest income increased $0.4 million from $17.5 million in Q1 2025 to $17.9 million in Q2 2025 Non-interest expense decreased $0.3 million from $19.4 million in Q1 2025 to $19.1 million in Q2 2025 Net income available to common shareholders of $2.5 million, or $0.26 per diluted share, in Q2 2025DENVER, July 24, 2025 (GLOBE NEWSWIRE) — First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the second quarter ended June 30, 2025. Net income available to common shareholders was $2.5 million, or $0.26 per diluted share, for the second quarter...

2nd Quarter 2025 Highlights:Including the $19.9 million expenses related to the current quarter acquisition, diluted earnings per share for the current quarter was $0.45 per share, a decrease of 6 percent from the prior quarter diluted earnings per share of $0.48 per share and an increase of 15 percent from the prior year second quarter diluted earnings per share of $0.39 per share. Net income was $52.8 million for the current quarter, a decrease of $1.8 million, or 3 percent, from the prior quarter net income of $54.6 million and an increase of $8.1 million, or 18 percent, from the prior year second quarter net income of $44.7 million. Net interest income was $208 million for the current quarter, an increase of $17.6 million, or 9 percent, from the prior quarter net interest income of $190 million and an increase of $41.1 million, or...

MIAMI, July 24, 2025 (GLOBE NEWSWIRE) — USCB Financial Holdings, Inc. (the “Company”) (NASDAQ: USCB), the holding company for U.S. Century Bank (the “Bank”), reported net income of $8.1 million or $0.40 per fully diluted share for the three months ended June 30, 2025, compared with net income of $6.2 million or $0.31 per fully diluted share for the same period in 2024. “We are proud to report another consecutive record quarter, with continued improvement in our profitability ratios reflecting the strength of our core operations,” said Luis de la Aguilera, Chairman, President and CEO. “This quarter, NIM reached 3.28%, driven by healthy loan growth and disciplined deposit pricing. We remain focused on sustaining this momentum while prudently managing risk and capital allocation to deliver long-term value to our shareholders.” Unless...