Disposable household and per capita income

Atea Pharmaceuticals Reports Third Quarter 2023 Financial Results and Provides Business Update

Retrieved on: 
Wednesday, November 8, 2023
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BOSTON, Nov. 08, 2023 (GLOBE NEWSWIRE) -- Atea Pharmaceuticals, Inc. (Nasdaq: AVIR) (“Atea” or the “Company”), a clinical-stage biopharmaceutical company engaged in the discovery and development of oral antiviral therapeutics for serious viral diseases, today reported financial results for the third quarter ended September 30, 2023 and provided a business update.

Key Points: 
  • We’ve quickly completed enrollment of the   60-patient lead-in cohort and initial results are expected in early 2024," continued Dr. Sommadossi.
  • Currently, Atea anticipates providing an update after each of these interim analyses are completed with the first update expected to occur in the first quarter of 2024.
  • Cash, Cash Equivalents and Marketable Securities: $595.1 million at September 30, 2023 compared to $608.1 million at June 30, 2023.
  • Income Tax Expense: Income tax expense was $0.2 million for the quarter ended September 30, 2023 compared to a benefit of $3.8 million for the quarter ended September 30, 2022.

Consumers Increasingly Sour on Economy, Blame Inflation

Retrieved on: 
Tuesday, November 7, 2023
Research report, Pessimism, OTCQB, Fannie Mae, FNMA, Frustration, Disposable household and per capita income, Housing, Real estate

WASHINGTON, Nov. 7, 2023 /PRNewswire/ -- The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) remained largely flat in October, as consumer frustration toward housing unaffordability and an economy battling inflation continue to depress overall sentiment. Despite improvement in the share of consumers expressing greater job security and improved household income, 78% of respondents believe the economy is on the "wrong track," up 7 percentage points from last month, with the vast majority once again pointing at inflation as the top reason for that belief. This month, a survey-record 85% of consumers indicated that it's a "bad time" to buy a home, with most respondents citing high home prices and high mortgage rates as the primary reasons. By comparison, only 37% believe it's a "bad time" to sell a home. Overall, the full index is up 8.2 points from its all-time low last year.

Key Points: 
  • This month, a survey-record 85% of consumers indicated that it's a "bad time" to buy a home, with most respondents citing high home prices and high mortgage rates as the primary reasons.
  • Overall, the full index is up 8.2 points from its all-time low last year.
  • "Consumers expressed even greater pessimism toward the larger economy this month, in addition to their ongoing frustration with the housing market," said Doug Duncan, Fannie Mae Senior Vice President and Chief Economist.
  • Across all income groups, inflation has consistently driven the 'wrong track' belief since the end of last year, suggesting consumers are fed up with the high prices of many goods and services.

Doman Building Materials Group Ltd. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 2, 2023
EBITDA, Disposable household and per capita income, Interest, Building material, TSX, Depreciation, Video game, Film industry

VANCOUVER, British Columbia, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its third quarter 2023 financial results(1) for the period ended September 30, 2023.

Key Points: 
  • VANCOUVER, British Columbia, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or “the Company”) (TSX:DBM) announced today its third quarter 2023 financial results(1) for the period ended September 30, 2023.
  • Gross margin dollars increased to $102.8 million in the three-month period versus $91.5 million in the comparative quarter of 2022.
  • Gross margin percentage increased to 16.0% in the quarter, an improvement from 12.3% achieved in the same quarter of 2022.
  • Net earnings for the quarter were $21.2 million compared to $11.6 million in the same quarter of 2022.

Valley National Bancorp Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, October 26, 2023
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NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.

Key Points: 
  • NEW YORK, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Valley National Bancorp (NASDAQ:VLY), the holding company for Valley National Bank, today reported net income for the third quarter 2023 of $141.3 million, or $0.27 per diluted common share, as compared to the second quarter 2023 net income of $139.1 million, or $0.27 per diluted common share, and net income of $178.1 million, or $0.34 per diluted common share, for the third quarter 2022.
  • For the third quarter 2023, the provision for credit losses for loans totaled $9.1 million as compared to $6.3 million and $1.8 million for the second quarter 2023 and third quarter 2022, respectively.
  • Credit Quality: Net loan charge-offs totaled $5.5 million for the third quarter 2023 as compared to $8.6 million for the second quarter 2023 and net recoveries of loan charge-offs of $5.6 million for the third quarter 2022.
  • Efficiency Ratio: Our efficiency ratio was 56.72 percent for the third quarter 2023 as compared to 55.59 percent and 49.76 percent for the second quarter 2023 and third quarter 2022, respectively.

Oshkosh Corporation Reports Fiscal 2023 Third Quarter Results

Retrieved on: 
Thursday, October 26, 2023
Engineering, EV, Electric Vehicles, Aerospace, Manufacturing, Other Transport, Automotive, Trucking, Machinery, Air, Defense, Transport, Other Defense, Other Automotive, Other Manufacturing, Sale, Disposable household and per capita income, Air travel, Foreign Corrupt Practices Act, AeroTech, Weather, Security (finance), United, NYSE, Public expenditure, Corporation, Form, News, International airport, Federation, Atmosphere, Acquisition, Oshkosh Corporation, Vocation, Tax, Common stock, Family of Medium Tactical Vehicles, Growth, Webcast, Natural borrowing limit, Pandemic, Family, Investment, Collection, Map, JBT, Mail, United States Department of Defense, Retail, Arms industry, Video game, Access

Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.

Key Points: 
  • Adjusted1 net income was $200.6 million, or $3.04 per diluted share, for the third quarter of fiscal 2023 compared to $75.9 million, or $1.15 per diluted share, for the third quarter of fiscal 2022.
  • Consolidated operating income in the third quarter of fiscal 2023 increased 118.9 percent to $256.5 million, or 10.2 percent of sales, compared to $117.2 million, or 5.7 percent of sales, in the third quarter of fiscal 2022.
  • Adjusted1 operating income in the third quarter of fiscal 2023 was $276.3 million, or 11.0 percent of sales, compared to $126.9 million, or 6.1 percent of sales, in the third quarter of fiscal 2022.
  • The Company will host a conference call at 9:00 a.m. EDT this morning to discuss its third quarter results and its fiscal 2023 outlook.

First Central Savings Bank Reports Third Quarter 2023 Results Highlighted by Net Income of $2.1 million, Strong Asset Quality, and Non-Interest Income growth quarter over quarter

Retrieved on: 
Wednesday, October 25, 2023
Sale, Disposable household and per capita income, Bank, First Central American Civil War, Pressure, Federal Reserve, FASB, GAAP, Federal, Environment, Growth, Capital requirement, Pay Day (board game), GLEN, Cash, Calendar, Cryptocurrency

GLEN COVE, N.Y., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Joseph Pistilli, Chairman of the Board, of First Central Savings Bank (“FCSB”, “the Bank”) today reported significant performance achievements for the quarter ended September 30, 2023, highlighted by the Bank’s increased loan sale income, continued operating and cash earnings, and excellent asset quality.

Key Points: 
  • Balance Sheet Growth: Assets totaled $953.6 million at September 30, 2023, up $63.9 million, or 7.2%, from September 30, 2022, primarily due to loan growth.
  • Net Interest Income: The Bank recorded net interest income of $7.4 million for the quarter ended September 30, 2023, a decrease of $996 thousand, or 11.9%, from the quarter ended September 30, 2022.
  • Strong Asset Quality: At September 30, 2023, the Bank’s asset quality was strong with 0.51% non-performing loans to total loans.
  • Net Interest Margin and Spread: The Bank’s net interest margin and spread for the current quarter was 3.15% and 2.43%, respectively.

Colabor Group Reports Results for the Third Quarter 2023

Retrieved on: 
Wednesday, October 18, 2023
Consolidated, Conversation, EBITDA, MD, Distribution, Senior, Growth, Depreciation, Disposable household and per capita income, Investment, Management, Saint-Bruno-de-Montarville, Wholesaling, Bookkeeping, Retail, List of regions of Quebec

The corresponding figure for 2022 has been restated to reflect the new calculation method established for 2023.

Key Points: 
  • The corresponding figure for 2022 has been restated to reflect the new calculation method established for 2023.
  • Our third quarter results show revenue growth of 13.1%, while our adjusted EBITDA(1) increased by 24.1%.
  • Consolidated sales for the third quarter were $164.7 million, an increase of 13.1% compared to $145.7 million during the corresponding quarter of 2022.
  • Cash flows from operating activities were $20.0 million for the 36-week period of 2023 and for the corresponding period of 2022.

OFG Bancorp Reports 3Q23 Results

Retrieved on: 
Friday, October 20, 2023
Banking, Professional Services, Finance, Asset, Disposable household and per capita income, Sale, Earthquake, NYSE, Delinquent, MBS, OFG Bancorp, Oriental Bank, Federal Reserve, Investment, Conference, GAAP, Credit, EPS, Annual report, Form 10-K, OFG, Lender option borrower option, Pandemic, Current Expected Credit Losses, Tangible common equity, Table, EOP, Cryptocurrency, Bank, Real estate, Security (finance)

OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.

Key Points: 
  • OFG Bancorp (NYSE: OFG), the financial holding company for Oriental Bank, reported results for the third quarter ended September 30, 2023.
  • Compared to 2Q23, 3Q23 primarily reflected higher yields (7.84% vs. 7.76%) on increased average balances of loans and higher yields on variable rate loans.
  • Compared to 2Q23, 3Q23 reflected higher cost of funds (1.07% vs. 0.84%) on increased average balances of deposits and borrowings.
  • A conference call to discuss 3Q23 results, outlook and related matters will be held today at 10:00 AM ET.

Preferred Bank Reports Quarterly Earnings

Retrieved on: 
Tuesday, October 17, 2023
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LOS ANGELES, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2023.

Key Points: 
  • LOS ANGELES, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Preferred Bank (NASDAQ: PFBC), one of the larger independent California banks, today reported results for the quarter ended September 30, 2023.
  • Preferred Bank (“the Bank”) reported net income of $38.2 million or $2.71 per diluted share for the third quarter of 2023.
  • “Based upon public information, Preferred Bank is the most profitable independent Bank in California measured by return on equity metrics and we hope this trend will continue.
  • However, the market price of our stock does not reflect our ability to consistently deliver top-of-peer earnings over many years.

TerrAscend Raises Full Year 2023 Guidance

Retrieved on: 
Friday, October 13, 2023
Senior, TSX, Revenue, Toronto Stock Exchange, Webcast, CNBC, Growth, Marketing, Disposable household and per capita income, Management, Adjustment

TORONTO, Oct. 13, 2023 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, has raised its guidance for Net Revenue and Adjusted EBITDA from continuing operations1 for full year 2023 to at least $317 million and $63 million, respectively, representing year over year growth of 28% in Net Revenue and 62% in Adjusted EBITDA from continuing operations1. Previous guidance was at least $305 million and $58 million, respectively. The Company also expects gross margin to exceed 50% and free cashflow from continuing operations1 to be positive, for the second half of the year.

Key Points: 
  • ET
    TORONTO, Oct. 13, 2023 (GLOBE NEWSWIRE) -- TerrAscend Corp. (“TerrAscend” or the “Company”) (TSX: TSND) (OTCQX: TSNDF), a leading North American cannabis company, has raised its guidance for Net Revenue and Adjusted EBITDA from continuing operations1 for full year 2023 to at least $317 million and $63 million, respectively, representing year over year growth of 28% in Net Revenue and 62% in Adjusted EBITDA from continuing operations1.
  • Previous guidance was at least $305 million and $58 million, respectively.
  • “We have good visibility and confidence in the remainder of the year as evidenced by the increase in our full year guidance,” stated Jason Wild, Executive Chairman of TerrAscend.
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