Federal

Ameresco Releases 2023 Impact Report on “Doing Well, by Doing Good: People, Planet and Policy”

Retrieved on: 
Thursday, April 25, 2024
Other Energy, Sustainability, Environment, Alternative Energy, Environmental, Social and Governance (ESG), Energy, Professional Services, Green Technology, Well, AMRC, Safety, Policy, Health, Federal, ESG, Marketing, CO2, Recycling, Organization, Renewable energy

Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the release of its 2023 Impact Report on the theme of “Doing Well, by Doing Good: People, Planet and Policy.” The report demonstrates the lasting impact that Ameresco’s business has across employees, customers, partners, communities, planet, industry, and beyond.

Key Points: 
  • Ameresco, Inc. , (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced the release of its 2023 Impact Report on the theme of “Doing Well, by Doing Good: People, Planet and Policy.” The report demonstrates the lasting impact that Ameresco’s business has across employees, customers, partners, communities, planet, industry, and beyond.
  • "Ameresco’s impact – and future impact – motivates me every day.
  • This year’s report builds on the foundation of transparency, leadership, and commitments established in prior years’ environmental, social, and corporate governance (ESG) reports.
  • To view the 2023 Impact Report, please visit: https://www.ameresco.com/2023-impact-report/ .

The Bancorp, Inc. Reports First Quarter Financial Results

Retrieved on: 
Thursday, April 25, 2024
Banking, Professional Services, Finance, Table, ACH, Ecosystem, Federal Reserve, LTV, ROE, News, Bank holding company, Federal, Insurance, SBA, Conference, Webcast, National Association, LIVE, Consultant, Environment, Government, EPS, Share repurchase, Rehabilitation, FDIC, Security, Bank

The Bancorp, Inc. (“The Bancorp” or “the Company” or “we” or “our”) (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2024.

Key Points: 
  • The Bancorp, Inc. (“The Bancorp” or “the Company” or “we” or “our”) (NASDAQ: TBBK), a financial holding company, today reported financial results for the first quarter of 2024.
  • Net interest income increased 10% to $94.4 million for the quarter ended March 31, 2024, compared to $85.8 million for the quarter ended March 31, 2023.
  • Net interest margin amounted to 5.15% for the quarter ended March 31, 2024, compared to 4.67% for the quarter ended March 31, 2023, and 5.26% for the quarter ended December 31, 2023.
  • Those changes reflected an increase of 2% quarter over linked quarter and an increase of 2% year over year.

Bankwell Financial Group Reports Operating Results for the First Quarter and Declares Second Quarter Dividend

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Finance, Federal Reserve, Federal, SBA, Bankwell, FDIC, GAAP, Airline

Average yield on total loans was 6.37% for the quarter ended March 31, 2024.

Key Points: 
  • Average yield on total loans was 6.37% for the quarter ended March 31, 2024.
  • Revenues (net interest income plus noninterest income) for the quarter ended March 31, 2024 were $22.1 million, versus $27.1 million for the quarter ended March 31, 2023.
  • Net income for the quarter ended March 31, 2024 was $3.8 million, versus $10.4 million for the quarter ended March 31, 2023.
  • 1 - The increase in overall loan yields was 50 bps for the quarter ended March 31, 2024.

National Capital Bancorp, Inc. Reports First Quarter Earnings

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Finance, Federal Reserve, Treasury, FHLB, News, Federal, NCB, Bank, OTC Markets Group, Share repurchase, Growth

The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that took place throughout 2023.

Key Points: 
  • The earnings improvement was primarily attributable to the results of productivity improvement and cost-reduction initiatives that took place throughout 2023.
  • Total deposits of $581,762,000 on March 31, 2024, increased $1.1 million during the quarter and have increased $17.2 million, or 3.0%, from the year before.
  • The Company’s net interest margin of 3.20% during the first quarter of 2024 was stable compared with 3.21% in the fourth quarter of 2023 but was down compared with 3.45% in the first quarter of 2023.
  • National Capital Bancorp, Inc. is the holding company for The National Capital Bank of Washington which was founded in 1889 and is Washington’s Oldest Bank.

First Trust Energy Income and Growth Fund Declares its Final Common Share Distribution Rate of $0.30 Per Share

Retrieved on: 
Wednesday, April 24, 2024
Other Professional Services, Asset Management, Professional Services, Finance, MLP, Federal Reserve, Investment, Risk, Uncertainty, Federal, FTP, AIB (NI), FTA, Internal Revenue Code, Terrorism, Fund, ERISA, Infection, Judgement, Hamas, EIP, FINRA, COVID-19, Growth

First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared its final common share distribution rate in the amount of $0.30 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024.

Key Points: 
  • First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has declared its final common share distribution rate in the amount of $0.30 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024.
  • The Fund focuses on investing in MLPs and related public entities in the energy sector which the Fund's investment sub-advisor believes offer opportunities for income and growth.
  • The Fund is treated as a regular corporation, or a "C" corporation, for United States federal income tax purposes and, as a result, is subject to corporate income tax to the extent the Fund recognizes taxable income.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.

LENSRXLAB Secures $830,000 to Develop Two B2B Healthcare Delivery Platforms and Advanced Lens Technology for Diabetics

Retrieved on: 
Thursday, April 25, 2024
Medical Supplies, Hospitals, Diabetes, Health Technology, Professional Services, Health Insurance, Small Business, General Health, Health, Optical, Trident, Education, Radiation, LENS, American Samoa, Hospital, Woman, State, Government, SBA, Federal, United States Navy, Growth, African Americans, Patient, HEV, Cartoon, Quality of life, Humour, Veteran, UV, Pharmaceutical industry

Miles, US Navy Trident Nuclear Submarine Force Veteran and Dr. Chelise Firmin, Optometrist, has secured $830,000 in seed funding for the joint venture LENSRXLAB to develop two B2B Healthcare Delivery Platforms and a proprietary Advanced Lens Technology for Diabetics.

Key Points: 
  • Miles, US Navy Trident Nuclear Submarine Force Veteran and Dr. Chelise Firmin, Optometrist, has secured $830,000 in seed funding for the joint venture LENSRXLAB to develop two B2B Healthcare Delivery Platforms and a proprietary Advanced Lens Technology for Diabetics.
  • One new innovation by the duo is DiaVista, a proprietary advanced lens technology powered by Nirtech® with 7 lights with UV + IR protection to be offered through both LENSRXLAB B2B platforms and globally through strategic partners.
  • Additionally, we plan to introduce an advanced Computer Lens featuring blue light blocking technology to prevent eye strain from everyday digital devices.
  • Specializing in prescription safety, diabetic, and dress eyewear, our brands include two B2B Healthcare Delivery Platforms: the LENSRXLAB Supplemental Vision and Health Benefits Platform for Government and Corporate Worksites, and the LENSRXLAB Supplemental Vision Benefits Platform for Diabetics.

First Trust Energy Infrastructure Fund Declares its Final Common Share Distribution Rate of $0.15 Per Share

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Finance, MLP, New York Stock Exchange, Federal Reserve, Investment, Risk, Policy, Natural gas, Uncertainty, Security (finance), Federal, Plan, Trustee, FTP, AIB (NI), FTA, Internal Revenue Code, Petroleum, Terrorism, ERISA, Infection, Judgement, Hamas, EIP, FINRA, COVID-19, Life insurance

First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared its final common share distribution rate in the amount of $0.15 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024.

Key Points: 
  • First Trust Energy Infrastructure Fund (the "Fund") (NYSE: FIF) has declared its final common share distribution rate in the amount of $0.15 per share, which as previously announced on April 19, 2024, will be payable on May 2, 2024, to shareholders of record as of April 29, 2024.
  • The annual distribution rate is independent of the Fund's performance during any particular period.
  • This distribution will consist of net investment income earned by the Fund and return of capital and may also consist of net short-term realized capital gains.
  • The Fund seeks to achieve its investment objectives by investing primarily in securities of companies engaged in the energy infrastructure sector.

Farmers National Banc Corp. Announces Strong Results for First Quarter of 2024

Retrieved on: 
Wednesday, April 24, 2024
Finance, Banking, Professional Services, Other Professional Services, Insurance, Sale, Total, Investment, FHLB, SBIC, Death, Intangibles, Trust, Federal, Farmer, Environment, Acquisition, FDIC, Growth, Airline

The Company had securities available for sale of $1.27 billion at March 31, 2024, compared to $1.30 billion at December 31, 2023.

Key Points: 
  • The Company had securities available for sale of $1.27 billion at March 31, 2024, compared to $1.30 billion at December 31, 2023.
  • Noninterest bearing deposits declined $49.2 million during the first quarter of 2024 even as interest bearing deposits increased $69.9 million.
  • Salaries and employee benefits were $15.1 million in the first quarter of 2024 compared to $14.6 million in the first quarter of 2023.
  • Other noninterest expense increased $309,000 in the first quarter of 2024 compared to the first quarter of 2023.

Premier Financial Corp. Announces First Quarter 2024 Results

Retrieved on: 
Tuesday, April 23, 2024
Banking, Professional Services, Finance, Sale, CFO, MSR, Total, Federal Reserve, FHLB, AFS, Housing, Hand, Federal, Insurance, PFC, PPP, Habit, Tier 1, Acquisition, Federal Reserve Economic Data, TE, Federal funds, Internet access, Premier, Growth, Bank

Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 first quarter results.

Key Points: 
  • Premier Financial Corp. (Nasdaq: PFC) (“Premier” or the “Company”) announced today 2024 first quarter results.
  • “Premier’s overall financial performance for the first quarter was generally in line with our expectations,” said Gary Small, President and CEO of Premier.
  • Compensation and benefits were $23.4 million in the first quarter of 2024, compared to $21.0 million in the fourth quarter of 2023 and $25.7 million in the first quarter of 2023.
  • The efficiency ratio for the first quarter of 2024 was 64.2% compared to 59.5% in the fourth quarter of 2023 and 60.9% in the first quarter of 2023.

CSB Bancorp, Inc. Reports First Quarter Earnings

Retrieved on: 
Tuesday, April 23, 2024
Banking, Other Professional Services, Professional Services, Finance, Sale, Federal Reserve, Investment, FTE, Federal Reserve Bank, Software, Federal, CSB, Appetite, Environment, Household, Bank, FICA, Trust, Fed, OTC Markets Group, FDIC

Loan interest income including fees increased $2.2 million, or 28%, during first quarter 2024 as compared to the same quarter in 2023.

Key Points: 
  • Loan interest income including fees increased $2.2 million, or 28%, during first quarter 2024 as compared to the same quarter in 2023.
  • Interest expense rose $1.7 million, or 105%, during first quarter 2024 as compared to first quarter 2023.
  • Federal income tax expense was $693 thousand in the 2024 first quarter compared to $971 thousand in the 2023 first quarter.
  • For the first quarter 2024, the average cost of deposits amounted to 1.31%, as compared to 0.64% for the first quarter 2023.