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...

RED BANK, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) — OceanFirst Financial Corp. (NASDAQ:“OCFC”) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced net income available to common stockholders of $20.9 million, or $0.36 per diluted share, for the quarter ended December 31, 2024, a decrease from $26.7 million, or $0.46 per diluted share, for the corresponding prior year period, and $24.1 million, or $0.42 per diluted share, for the prior linked quarter. For the year ended December 31, 2024, the Company reported net income available to common stockholders of $96.0 million, or $1.65 per diluted share, a decrease from $100.0 million, or $1.70 per diluted share, for the prior year. Selected performance metrics are as follows (refer to “Selected Quarterly Financial Data” for additional information):  For...

MIDDLEFIELD, Ohio, Jan. 23, 2025 (GLOBE NEWSWIRE) — Middlefield Banc Corp. (NASDAQ: MBCN) today reported financial results for the twelve months ended December 31, 2024. 2024 Fourth Quarter Financial Highlights:Earnings increased 36.4% year-over-year to $0.60 per diluted share Return on average assets (annualized) increased 26 basis points year-over-year to 1.04% Asset quality remained stable compared to the 2024 third quarter with nonperforming assets to total assets of 1.62%2024 Full Year Financial Highlights:Total loans increased 2.8% to a record $1.52 billion Book value increased 2.6% year-over-year to $26.08 per share at December 31, 2024 Tangible book value(1) increased 3.9% year-over-year to $20.88 per share at December 31, 2024 Returned $7.5 million back to shareholders through the Company’s quarterly dividend...