GREENWICH, Conn., Jan. 24, 2025 (GLOBE NEWSWIRE) — GXO Logistics, Inc. (NYSE: GXO) will hold its fourth quarter and full-year 2024 earnings conference call and webcast on Thursday, February 13, 2025, at 8:30 a.m. Eastern Time. The company’s results will be released after market close on Wednesday, February 12, 2025, and made available at that time on investors.gxo.com. Access information: Call toll-free from U.S./Canada: 877-407-8029 International callers: +1 201-689-8029 Conference ID: 13751179 Live webcast: investors.gxo.com A replay of the conference call will be available for approximately two weeks, until February 25, 2025, by calling toll-free (from U.S./Canada) 877-660-6853; international callers dial +1 201‑612‑7415. Use the passcode 13751179. About GXO Logistics GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play...

Company added nearly 1 million postpaid mobile and broadbandsubscribers in fourth quarter, best quarterly result in more than a decade Industry-leading total wireless service revenueof $20.0 billion dollars in the fourth quarter Key 2024 HighlightsDelivered on financial guidance Revenue growth with strong operational results More than doubled wireless postpaid phone net additions compared to 2023 Continued to take broadband market share with Fios and fixed wireless access Strong execution against capital allocation priorities, including strategic transactions Well-positioned with strong outlook for 2025NEW YORK, Jan. 24, 2025 (GLOBE NEWSWIRE) — Verizon Communications Inc. (NYSE, Nasdaq: VZ) today reported strong operational and financial results for the fourth-quarter and full-year 2024, further extending its industry leadership...

LUBBOCK, Texas, Jan. 24, 2025 (GLOBE NEWSWIRE) — South Plains Financial, Inc. (NASDAQ:SPFI) (“South Plains” or the “Company”), the parent company of City Bank (“City Bank” or the “Bank”), today reported its financial results for the quarter and year ended December 31, 2024. Fourth Quarter 2024 HighlightsNet income for the fourth quarter of 2024 was $16.5 million, compared to $11.2 million for the third quarter of 2024 and $10.3 million for the fourth quarter of 2023. Diluted earnings per share for the fourth quarter of 2024 was $0.96, compared to $0.66 for the third quarter of 2024 and $0.61 for the fourth quarter of 2023. Average cost of deposits for the fourth quarter of 2024 was 229 basis points, compared to 247 basis points for the third quarter of 2024 and 224 basis points for the fourth quarter of 2023. Net interest margin,...

Press Release January 24, 2025 Signify reports full-year sales of EUR 6.1 billion, operational profitability of 9.9% and a free cash flow of 7.1% of sales; launches share repurchase program Full year 20241Signify’s installed base of connected light points increased to 144 million at YE 24 Included in the Dow Jones Sustainability World Index for the eighth consecutive year Sales of EUR 6,143 million; comparable sales growth (CSG) of -6.6% LED-based sales represented 93% of total sales (FY 23: 85%) Adj. EBITA margin of 9.9% (FY 23: 10.0%) Successful implementation of cost reduction program, delivering savings of EUR 131 million Net income of EUR 334 million (FY 23: EUR 215 million) Free cash flow of EUR 438 million (FY 23: EUR 586 million), representing 7.1% of salesFourth quarter 2024Sales of EUR 1,655 million; CSG of -2.8% Adj....

SAN JOSE, Calif., Jan. 23, 2025 (GLOBE NEWSWIRE) — Heritage Commerce Corp (Nasdaq: HTBK), (the “Company”), the holding company for Heritage Bank of Commerce (the “Bank”), today announced that its fourth quarter 2024 net income was $10.6 million, or $0.17 per average diluted common share, compared to $10.5 million, or $0.17 per average diluted common share, for the third quarter of 2024, and $13.3 million, or $0.22 per average diluted common share, for the fourth quarter of 2023. For the year ended December 31, 2024, net income was $40.5 million, or $0.66 per average diluted common share, compared to $64.4 million, or $1.05 per average diluted common share, for the year ended December 31, 2023. All data are unaudited. “Our earnings for both the fourth quarter of 2024 and the full year were fueled by excellent deposit growth and...

Fourth Quarter 2024 SummaryNet income available to common shareholders of $2.7 million in Q4 2024, compared to $2.1 million in Q3 2024 Diluted earnings per share of $0.28 in Q4 2024, compared to $0.22 in Q3 2024 Net interest income of $16.9 million in Q4 2024, compared to $15.6 million in Q3 2024 Net interest margin increased 13 basis points from 2.32% in Q3 2024 to 2.45% in Q4 2024 Total loans increased 2.1% from $2.40 billion in Q3 2024 to $2.45 billion in Q4 2024 Average deposits increased 4.0% from $2.40 billion in Q3 2024 to $2.50 billion in Q4 2024DENVER, Jan. 23, 2025 (GLOBE NEWSWIRE) — First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the fourth quarter ended December 31, 2024. Net income available to common shareholders was $2.7 million, or $0.28 per...

Results highlighted by strong loan growth, continued operating efficiency, and solid asset quality HAMILTON, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) — First Bank (Nasdaq Global Market: FRBA) (“the Bank”) today announced results for the fourth quarter and full year 2024. Net income for the fourth quarter of 2024 was $10.5 million, or $0.41 per diluted share, compared to $8.4 million, or $0.33 per diluted share, for the fourth quarter of 2023. Return on average assets, return on average equity and return on average tangible equityi for the fourth quarter of 2024 were 1.10%, 10.27% and 11.82%, respectively, compared to 0.93%, 9.06% and 10.67%, respectively, for the fourth quarter of 2023.  Full year 2024 net income was $42.2 million, or $1.67 per diluted share, compared to $20.9 million, or $0.95 per diluted share for 2023....

GETTYSBURG, Pa., Jan. 23, 2025 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $6.6 million, or $0.77 diluted earnings per share, for the three months ended December 31, 2024, a $2.5 million, or 61.0%, increase, compared to net income of $4.1 million, or $0.48 diluted earnings per share, for the three months ended December 31, 2023 and a $609 thousand, or 8.5%, decrease compared to net income of $7.2 million, or $0.84 diluted earnings per share, for the three months ended September 30, 2024. The Corporation reported net income of $31.8 million, or $3.73 per diluted earnings per share, for the twelve months ended December 31, 2024, an increase of $158 thousand, or 0.5%, compared to the twelve months...

DEFIANCE, Ohio, Jan. 23, 2025 (GLOBE NEWSWIRE) —  SB Financial Group, Inc. (NASDAQ: SBFG) (“SB Financial” or the “Company”), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, private client and title insurance services today reported earnings for the fourth quarter ended December 31, 2024. Fourth Quarter 2024 Highlights compared to the fourth quarter of the prior year:Net income of $3.6 million, which is down 6.4 percent with Diluted Earnings Per Share (“EPS”) of $0.55. When adjusted for Originated Mortgage Servings Rights (“OMSR”) and the Visa B share sale in the prior year, diluted EPS would be up $0.07 or 16.7 percent. Interest income of $16.8 million increased by 11.4 percent from $15.1 million reported in the prior year. Loan growth of $46.5 million, or...

IOWA CITY, Iowa, Jan. 23, 2025 (GLOBE NEWSWIRE) — MidWestOne Financial Group, Inc. (Nasdaq: MOFG) (“we”, “our”, or the “Company”) today reported results for the fourth quarter and full year of 2024. Fourth Quarter 2024 Summary1Net income of $16.3 million, or $0.78 per diluted common share.Return on average assets of 1.03%. Net interest margin (tax equivalent) was 3.43%;2 Core net interest margin expanded 85 bps to 3.26%.2 Efficiency ratio improved to 59.06%2 from 70.32%2 in the linked quarter.Noninterest bearing deposits and core deposits increased 3.7% and 2.3%, respectively. Classified loan ratio improved 54 bps to 2.57%; nonperforming assets ratio remained stable at 0.40%; net charge-off ratio was 0.06%. Common equity tier 1 (“CET1”) ratio improved 82 bps to 10.73%.Full Year 2024 Summary1Noninterest...