Share repurchase

Connectone Bancorp, Inc. Reports First Quarter 2024 Results; Declares Preferred and Increased Common Dividends

Retrieved on:

Thursday, April 25, 2024

Diluted earnings per share were $0.41 for the first quarter of 2024 compared with $0.46 for the fourth quarter of 2023 and $0.59 for the first quarter of 2023.

Key Points:

Diluted earnings per share were $0.41 for the first quarter of 2024 compared with $0.46 for the fourth quarter of 2023 and $0.59 for the first quarter of 2023.
Noninterest income was $3.9 million in the first quarter of 2024, $4.2 million in the fourth quarter of 2023 and $2.8 million in the first quarter of 2023.
Noninterest expenses for the first quarter of 2024 increased by $1.3 million when compared to the adjusted noninterest expenses for the fourth quarter of 2023.
Noninterest expenses for the first quarter of 2024 increased by $2.2 million when compared to the first quarter of 2023.

FirstCash Reports Record First Quarter Results; Earnings per Share Increase 32% in Total and 24% on an Adjusted Basis; Announces Acquisitions of 22 U.S. Pawn Stores and 19 New Store Openings in LatAm; Declares Quarterly Cash Dividend

Retrieved on:

Thursday, April 25, 2024

Investment, POS, Inventory, Growth, Acquisition, Electronics, Share repurchase, GAAP, AFF, Ageing, Video game

The Company also purchased the underlying real estate at nine of its existing pawn stores during the first quarter.

Key Points:

The Company also purchased the underlying real estate at nine of its existing pawn stores during the first quarter.
Segment pre-tax operating income in the first quarter of 2024 was $97 million, an increase of $16 million, or 19%, compared to the prior-year quarter.
Pawn receivables continued to grow to record levels, increasing 23% in total at March 31, 2024 compared to the prior year.
The increase in total pawn receivables was driven by a 7% increase in the U.S. store count coupled with an impressive 14% same-store increase.

Amalgamated Financial Corp. Reports First Quarter 2024 Financial Results; Stellar Deposit Growth; Net Interest Margin Rises to 3.49%

Retrieved on:

Thursday, April 25, 2024

Common equity, Sale, Total, Investment, Capital, ICS, AMAL, One-Way (novel), Earnings call, Tax, PACE, CECL, Optimism, Eastern Time Zone, Share repurchase, Amalgamated Bank, PACS, GAAP, Bank

Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.

Key Points:

Net interest income was $68.0 million for the first quarter of 2024, compared to $67.3 million for the fourth quarter of 2023.
Net interest margin was 3.49% for the first quarter of 2024, an increase of 5 basis points from 3.44% in the fourth quarter of 2023.
Prepayment penalties had no impact on our net interest margin in the first quarter of 2024, which is the same as in the prior quarter.
As previously announced, Amalgamated Financial Corp. will host a conference call to discuss its first quarter 2024 results today, April 25, 2024 at 11:00am (Eastern Time).

Visteon Announces First Quarter 2024 Financial Results

Retrieved on:

Thursday, April 25, 2024

Visteon, Ford Puma, OEM, VAN, Public expenditure, Engineering, OLED, Ford, Share repurchase, Growth

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.

Key Points:

VAN BUREN TOWNSHIP, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Visteon Corporation (NASDAQ: VC) today reported first quarter financial results.
The decline in net sales was primarily due to lower recoveries resulting from improved semiconductor supply in the first quarter of 2024 and 1% lower customer vehicle production.
Gross margin in the first quarter was $119 million, and net income attributable to Visteon was $42 million, or $1.50 per diluted share.
Visteon repurchased $20 million of shares in the first quarter of 2024 under the $300 million share repurchase authorization announced in March 2023.

First Merchants Corporation Announces First Quarter 2024 Earnings Per Share

Retrieved on:

Thursday, April 25, 2024

Common equity, Sale, ACL, Webcast, Retirement, Risk-weighted asset, Wealth, Share repurchase, FDIC, First Merchants Corporation, Investment, Bank

Net income and diluted earnings per common share, excluding non-core charges of $3.5 million incurred during the quarter, totaled $50.1 million and $0.85, respectively.

Key Points:

Net income and diluted earnings per common share, excluding non-core charges of $3.5 million incurred during the quarter, totaled $50.1 million and $0.85, respectively.
First Merchants Corporation (the “Corporation) has reported first quarter 2024 net income available to common stockholders of $47.5 million compared to $63.6 million during the same period in 2023.
Diluted earnings per common share for the period totaled $0.80 compared to the first quarter of 2023 result of $1.07 per share.
First Merchants Corporation will conduct a fourth quarter earnings conference call and web cast at 11:30 a.m. (ET) on Thursday, April 25, 2024.

STMicroelectronics Reports 2024 First Quarter Financial Results

Retrieved on:

Thursday, April 25, 2024

Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.

Key Points:

Net Capex (non-U.S. GAAP)1 was $967 million in the first quarter compared to $1.09 billion in the year-ago quarter.
Free cash flow (non-U.S. GAAP)1 was negative at $134 million in the first quarter, compared to positive $206 million in the year-ago quarter.
Inventory at the end of the first quarter was $2.69 billion, compared to $2.70 billion in the previous quarter and $2.87 billion in the year-ago quarter.
Days sales of inventory at quarter-end was 122 days compared to 104 days in the previous quarter and 122 days in the year-ago quarter.

Goosehead Insurance, Inc. Announces First Quarter 2024 Results

Retrieved on:

Wednesday, April 24, 2024

Net income, Investment, Depreciation, Partnership, EPS, Share repurchase, Dislocation, Marketing, Adjustment, GAAP, Growth, Bookkeeping

WESTLAKE, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for the first quarter ended March 31, 2024.

Key Points:

WESTLAKE, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- Goosehead Insurance, Inc. (“Goosehead” or the “Company”) (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, today announced results for the first quarter ended March 31, 2024.
“Our first quarter 2024 results demonstrate our business is moving into a re-accelerating growth phase with total revenue, core revenue and franchise productivity all accelerating from fourth quarter 2023 growth rates,” stated Mark E. Jones, Chairman and CEO.
Total Adjusted EBITDA was $11.7 million for the first quarter of 2024 compared to $10.2 million in the prior-year period.
Goosehead will host a conference call and webcast today at 4:30 PM ET to discuss these results.

O’Reilly Automotive, Inc. Reports First Quarter 2024 Results

Retrieved on:

Wednesday, April 24, 2024

Online, DIY, Leap Day, Comparable, Acquisition, LEAP, Share repurchase, Automotive industry, Team, Video game

Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single digit and low-single digit, respectively, in the quarter.

Key Points:

Our comparable store sales increase was comprised of solid growth in both professional and DIY, which grew mid-single digit and low-single digit, respectively, in the quarter.
Comparable store sales increased 3.4% for the first quarter ended March 31, 2024, on top of 10.8% for the same period one year ago.
As of the date of this release, the Company had approximately $2.22 billion remaining under its current share repurchase authorizations.
The table below outlines the Company’s updated guidance for selected full-year 2024 financial data:

Churchill Downs Incorporated Reports 2024 First Quarter Results

Retrieved on:

Wednesday, April 24, 2024

Sale, River, Investment, NYRA, News, Depreciation, Richard L. Duchossois, Tax, Acquisition, EPS, Share repurchase, CDI, Adjustment, Accounting, GAAP, Bookkeeping

Adjusted EBITDA for the first quarter of 2024 decreased $2.6 million driven primarily by increased corporate compensation related expenses and other corporate administrative expenses.

Key Points:

Adjusted EBITDA for the first quarter of 2024 decreased $2.6 million driven primarily by increased corporate compensation related expenses and other corporate administrative expenses.
The Company repurchased 184,821 shares of its common stock at a total cost of $22.0 million based on trade date under its share repurchase program in the first quarter of 2024.
The Company's first quarter 2024 net income was $80.4 million compared to $155.7 million in the prior year quarter.
The Company uses non-GAAP measures as a key performance measure of the results of operations for purposes of evaluating performance internally.

Skyline Bankshares, Inc. Announces First Quarter 2024 Results

Retrieved on:

Wednesday, April 24, 2024

FHLB, Boone, North Carolina, OTC, History, Tax, Pressure, Acquisition, Share repurchase, Airline

FLOYD, Va. and INDEPENDENCE, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”) – announced its results of operations for the first quarter of 2024.

Key Points:

FLOYD, Va. and INDEPENDENCE, Va., April 24, 2024 (GLOBE NEWSWIRE) -- Skyline Bankshares, Inc. (the “Company”) (OTC QX: SLBK) – the holding company for Skyline National Bank (the “Bank”) – announced its results of operations for the first quarter of 2024.
Net interest margin (“NIM”) was 3.64% for the first quarter of 2024, compared to 3.69% in the fourth quarter of 2023, and 3.89% in the first quarter of 2023.
First quarter 2024 noninterest income was $1.7 million compared with $1.6 million in the first quarter of 2023.
Noninterest expense in the first quarter of 2024 was $8.0 million compared with $7.3 million in the first quarter of 2023, an increase of $641 thousand, or 8.74%.