Share repurchase

ASML reports transactions under its current share buyback program

Retrieved on: 
Monday, April 22, 2024
Share repurchase

ASML’s current share buyback program was announced on 10 November 2022, and details are available on our website at https://www.asml.com/en/news/share-buyback s

Key Points: 
  • ASML’s current share buyback program was announced on 10 November 2022, and details are available on our website at https://www.asml.com/en/news/share-buyback s
    This regular update of the transactions conducted under the buyback program is to be made public under the Market Abuse Regulation (Nr.
  • 596/2014).

C&F Financial Corporation Announces Net Income for First Quarter

Retrieved on: 
Friday, April 19, 2024
Sale, Investment, Corporation, FHLB, Federal Reserve Bank, Insurance, Employment, Car, Environment, Pressure, COVID-19, Bank, Face, Consolidated, Share repurchase, FDIC, Community, GAAP, Growth, Real estate

“Our net income continues to be affected by increases in deposit costs resulting from both a change in mix of deposits and the overall higher interest rate environment,” commented Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation.

Key Points: 
  • “Our net income continues to be affected by increases in deposit costs resulting from both a change in mix of deposits and the overall higher interest rate environment,” commented Tom Cherry, President and Chief Executive Officer of C&F Financial Corporation.
  • Average deposits increased $72.3 million, or 3.6 percent, for the first quarter of 2024 compared to the same period in 2023.
  • Average deposits increased $31.8 million, or 6.3 percent annualized, for the first quarter of 2024 compared to the fourth quarter of 2023.
  • During the first quarter of 2024, the Corporation repurchased 9,654 shares, or $516,000, of its common stock under this share repurchase program.

Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share

Retrieved on: 
Thursday, April 18, 2024
Sale, Mastercard, Total, Federal Reserve, Investment, Corporation, CHMG, FHLB, Projection, Federal Home Loan Banks, 190th, Interest, Software, Federal, SBA, NSF, Environment, Unemployment, Chemung Canal Trust Company, CECL, Bank, GDP, Share repurchase, Marketing, Advertising, FOMC, GAAP, Growth, Overalls

Fully taxable equivalent net interest margin was 2.73% in the current quarter, compared to 2.69% in the prior quarter.

Key Points: 
  • Fully taxable equivalent net interest margin was 2.73% in the current quarter, compared to 2.69% in the prior quarter.
  • Non-interest income for the first quarter of 2024 was $5.7 million, compared to $5.9 million for the prior quarter, a decrease of $0.2 million, or 3.4%.
  • Income tax expense for the first quarter of 2024 was $2.0 million, compared to $0.8 million for the prior quarter, an increase of $1.2 million.
  • Income tax expense of $2.0 million for the first quarter of 2024 was comparable with the first quarter of 2023.

JD.com Announces Updates of Its Share Repurchase Program

Retrieved on: 
Thursday, April 18, 2024
Share repurchase, JD, HKEX, RMB, JD.com, HKD

All of these shares were repurchased in the open markets from both NASDAQ and the Hong Kong Stock Exchange pursuant to the Company’s share repurchase programs publicly announced.

Key Points: 
  • All of these shares were repurchased in the open markets from both NASDAQ and the Hong Kong Stock Exchange pursuant to the Company’s share repurchase programs publicly announced.
  • Pursuant to the Company’s previous share repurchase program, expired on March 17, 2024, the Company has repurchased a total of approximately US$2.1 billion as of March 17, 2024.
  • Pursuant to the Company’s new share repurchase program, which is effective through March 18, 2027, the Company has repurchased a total of approximately US$0.5 billion as of March 31, 2024.
  • The remaining amount under the Company’s new share repurchase program was US$2.5 billion as of March 31, 2024.

Farmers & Merchants Bancorp (FMCB) Reports Strong First Quarter 2024 Earnings

Retrieved on: 
Wednesday, April 17, 2024
Sale, Central California, Investment, OTCQX, FleetBoston Financial, Farmer, Environment, Share repurchase, Merchant, S&P Global

LODI, Calif., April 17, 2024 (GLOBE NEWSWIRE) -- Farmers & Merchants Bancorp (OTCQX: FMCB) (the “Company” or “FMCB”), the parent company of Farmers & Merchants Bank of Central California (the “Bank” or “F&M Bank”), reported net income of $22.7 million, or $30.56 per diluted common share for the first quarter of 2024 compared with $23.5 million, or $30.80 per diluted common share, for the first quarter of 2023. The first quarter of 2023 benefited from cash proceeds from a non-taxable death benefit on bank-owned life insurance (BOLI) of $4.3 million which was partially offset by a $5.7 million loss on the sale of securities based on the decision to reposition the securities portfolio given the interest rate environment. Excluding these first quarter 2023 items, net income for the first quarter of 2024 of $22.7 million was higher than the first quarter of 2023 of $22.5 million while earnings per share of $30.56 in the first quarter of 2024 was higher than the $29.44 in the first quarter of 2023. Annualized return on average assets was 1.71% and return on average equity was 16.33% for the first quarter of 2024 compared with 1.80% and 18.93% for the first quarter of 2023. The expense efficiency ratio for first quarter was 44.94% down from 47.62% for the first quarter of 2023.

Key Points: 
  • Excluding these first quarter 2023 items, net income for the first quarter of 2024 of $22.7 million was higher than the first quarter of 2023 of $22.5 million while earnings per share of $30.56 in the first quarter of 2024 was higher than the $29.44 in the first quarter of 2023.
  • The expense efficiency ratio for first quarter was 44.94% down from 47.62% for the first quarter of 2023.
  • After record-setting annual earnings for the past six consecutive years, we begin 2024 with another strong quarter of earnings and performance.
  • Net recoveries were $53,000 in the first quarter of 2024 compared to net recoveries of $56,000 in the fourth quarter of 2023.

ASML reports €5.3 billion total net sales and €1.2 billion net income in Q1 2024

Retrieved on: 
Wednesday, April 17, 2024
Annual, Time in Europe, Share repurchase, Investment, ASML, Cryptocurrency

(2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.

Key Points: 
  • (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.
  • "We expect second-quarter total net sales between €5.7 billion and €6.2 billion with a gross margin between 50% and 51%.
  • ASML intends to declare a total dividend for the year 2023 of €6.10 per ordinary share, which is a 5.2% increase compared to 2022.
  • With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2024 first-quarter results and outlook for 2024.

Genco Shipping & Trading Limited Files Definitive Proxy Materials and Mails Letter to Shareholders

Retrieved on: 
Tuesday, April 16, 2024
Felony, Investment, Governance, Proxy, Development, ALL, Economic methodology, Hand, GK, GNK, Panama Canal Zone, Annual general meeting, Transport, TSR, Exercise, Pons, Family, BHP, Metal, Judgement, BP, DryShips, OSG, Sale, Interview, Union Pacific Railroad, Mineral, History, Apollo Global Management, ESG, Share repurchase, Letter, Growth, Management

NEW YORK, April 16, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today announced that it has filed its definitive proxy materials with the U.S. Securities and Exchange Commission (the “SEC”) in connection with the Company’s 2024 Annual Meeting of Shareholders (the “2024 Annual Meeting”), scheduled to be held on May 23, 2024. Shareholders of record as of March 28, 2024, will be entitled to vote at the meeting.

Key Points: 
  • The Genco Board unanimously concluded that he would not be additive to our already strong, focused and experienced Board.
  • The full text of the letter follows:
    We are reaching out because we want your vote “FOR" Genco’s director nominees at the upcoming Annual Meeting of Shareholders.
  • Through our Comprehensive Value Strategy, we have distributed sizeable dividends to shareholders, significantly reduced our debt and grown and modernized our fleet.
  • At the same time, we have taken important steps to uniquely position Genco to drive returns through volatile drybulk shipping market cycles.

SuRo Capital Corp. First Quarter 2024 Preliminary Investment Portfolio Update

Retrieved on: 
Tuesday, April 16, 2024
Share repurchase, Tender offer, Security (finance)

(2) As of February 23, 2024, SuRo Capital had sold its remaining Nextdoor Holdings, Inc. public common shares.

Key Points: 
  • (2) As of February 23, 2024, SuRo Capital had sold its remaining Nextdoor Holdings, Inc. public common shares.
  • (3) As of March 31, 2024, SuRo Capital held 2,296,037 remaining PSQ Holdings, Inc. (d/b/a PublicSquare) public warrants.
  • The preliminary financial estimates provided herein are unaudited and have been prepared by, and are the responsibility of, the management of SuRo Capital.
  • The Company expects to announce its first quarter ended March 31, 2024 results in May 2024.

Ferrari N.V.: Periodic Report on the Buyback Program

Retrieved on: 
Monday, April 15, 2024
Sell, Capital market, EXM, Share repurchase

Since the announcement of such Fourth Tranche till April 12, 2024, the total invested consideration has been:

Key Points: 
  • Since the announcement of such Fourth Tranche till April 12, 2024, the total invested consideration has been:
    USD 54,391,165.62 (Euro 49,994,518.23*) for No.
  • 140,501 common shares purchased on the NYSE.
  • 13,831,301 common shares equal to 5.38% of the total issued share capital including the common shares and the special voting shares, net of shares assigned under the Company’s equity incentive plan.
  • A comprehensive overview of the transactions carried out under the buyback program, as well as the details of the above transactions, are available on Ferrari’s corporate website under the Buyback Programs section ( https://www.ferrari.com/en-EN/corporate/buyback-programs ).

STMicroelectronics Announces Status of Common Share Repurchase Program

Retrieved on: 
Monday, April 15, 2024
STMicroelectronics, Electronics, Share repurchase, Disclosure, EUR, Treasury, LEI, Security (finance)

AMSTERDAM – April 15, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021. The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.

Key Points: 
  • Disclosure of Transactions in Own Shares – Period from Apr 08, 2024 to Apr 12, 2024
    AMSTERDAM – April 15, 2024 -- STMicroelectronics N.V. (the “Company” or “STMicroelectronics”), a global semiconductor leader serving customers across the spectrum of electronics applications, announces full details of its common share repurchase program (the “Program”) disclosed via a press release dated July 1, 2021.
  • The Program was approved by a shareholder resolution dated May 27, 2021 and by the supervisory board.
  • The purpose of these transactions under article 5(2) of Regulation (EU) 596/2014 (the Market Abuse Regulation) was to meet obligations arising from debt financial instruments that are exchangeable into equity instruments.
  • Below is a summary of the repurchase transactions made in the course of the Period in relation to the ordinary shares of STMicroelectronics (ISIN: NL0000226223), in detailed form.