Federal

First Farmers and Merchants Corporation Holds Annual Meeting of Shareholders

Retrieved on: 
Thursday, April 18, 2024
Banking, Other Professional Services, Professional Services, Finance, Federal Reserve, Investment, FleetBoston Financial, Federal, PLLC, Farmer, OTC Markets Group, First, Growth, Bank

In comments made at the annual meeting of shareholders, Brian K. Williams, First Farmers’ Chairman and CEO, said, “First Farmers reported record loans, strong growth in book value per share and the second-best earnings per share performance in our 114-year history.

Key Points: 
  • In comments made at the annual meeting of shareholders, Brian K. Williams, First Farmers’ Chairman and CEO, said, “First Farmers reported record loans, strong growth in book value per share and the second-best earnings per share performance in our 114-year history.
  • We expect these strategic moves will allow our First Farmers’ team to deliver improved earnings and shareholder returns in 2024.
  • “We are also pleased to announce the addition of Dr. Martin M. Chaney as a new member of First Farmers’ Board of Directors.
  • Shareholders also re-elected nine incumbent Directors of First Farmers and Merchants Corporation for a one-year term, including:

Banner Corporation Reports Net Income of $37.6 Million, or $1.09 Per Diluted Share, for First Quarter 2024; Declares Quarterly Cash Dividend of $0.48 Per Share

Retrieved on: 
Wednesday, April 17, 2024
Small Business, Banking, Professional Services, Finance, Sale, Net, Common, Federal Reserve, Investment, Corporation, FHLB, Banner Bank, Weather, Risk, Housing, PDT, Federal, Partnership, Environment, Bank, Subordination, Metropolitan statistical area, Marketing, Advertising, File

Net interest income was $133.0 million in the first quarter of 2024, compared to $138.4 million in the preceding quarter and $153.3 million in the first quarter a year ago.

Key Points: 
  • Net interest income was $133.0 million in the first quarter of 2024, compared to $138.4 million in the preceding quarter and $153.3 million in the first quarter a year ago.
  • Banner announced that its Board of Directors declared a regular quarterly cash dividend of $0.48 per share.
  • Net interest income was $133.0 million in the first quarter of 2024, compared to $138.4 million in the preceding quarter and $153.3 million in the first quarter a year ago.
  • Return on average assets was 0.97%, compared to 1.09% in the preceding quarter and 1.44% in the first quarter a year ago.

HdL Companies Reports Persistent Decline in California Sales Tax Returns in 4Q2023

Retrieved on: 
Tuesday, April 16, 2024
Professional Services, Public Policy, Government, State, Local, Finance, Consulting, Accounting, Tax, Shoe, News, Golden, Federal, Federal Reserve, Growth, HDL, Anomaly

“Despite being the traditionally high-performing quarter, California's local one-cent sales and use tax receipts saw a marked decrease.

Key Points: 
  • “Despite being the traditionally high-performing quarter, California's local one-cent sales and use tax receipts saw a marked decrease.
  • This decline reflects consumer challenges balancing higher prices and financing costs with essential household needs,” reports Andy Nickerson, President/CEO of HdL Companies, the leading provider of revenue enhancement, technology, and consulting services for local governments.
  • Sales of general consumer goods faced lackluster results during the holiday shopping period, declining by 3.4%.
  • As the Federal Reserve considers a delay in softening rates, HdL Companies anticipates consumer spending may continue to stagnate, delaying a return to normal historical growth trends in 2024.

House Price Growth Continues to Cool in March, According to First American Data & Analytics Monthly Home Price Index Report

Retrieved on: 
Tuesday, April 16, 2024
Data Analytics, Professional Services, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, FAF, First American Corporation, Sale, Risk management, American Financial Group, HPI, Federal, Pressure, Federal Reserve, Optimism, First American, House, Retail

First American Data & Analytics , a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its March 2024 Home Price Index (HPI) report.

Key Points: 
  • First American Data & Analytics , a leading national provider of property-centric information, risk management and valuation solutions and a division of First American Financial Corporation (NYSE: FAF), today released its March 2024 Home Price Index (HPI) report.
  • House price growth reported in last month’s HPI for January 2024 to February 2024 was revised up 0.3 percentage points, from 0.7 percent to 1.0 percent.
  • “Starter home price appreciation will continue to face upward pressure in a ‘higher-for-longer’ market.
  • “Starter-tier prices are increasing year over year by more than 10 percent in Nassau County, N.Y., Pittsburgh, Miami and New York.”

First Trust Energy Infrastructure Fund Issues Notice Regarding April 2024 Distribution

Retrieved on: 
Monday, April 15, 2024
Asset Management, Professional Services, Finance, MLP, Federal Reserve, Investment, Risk, Uncertainty, Federal, FTP, Notice, AIB (NI), FTA, Internal Revenue Code, COVID-19, Net asset value, Terrorism, Fund, ERISA, Infection, Judgement, Hamas, EIP, FINRA, Calendar, Life insurance

A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."

Key Points: 
  • A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income."
  • The amounts and sources of distributions reported in this Notice are only estimates and are not being provided for tax reporting purposes.
  • First Trust Advisors L.P. ("FTA") is a federally registered investment advisor and serves as the Fund's investment advisor.
  • FTP is also a distributor of mutual fund shares and exchange-traded fund creation units.

El Car Wash Announces Expanding Broward County Presence With New Pembroke Pines and Fort Lauderdale Locations

Retrieved on: 
Thursday, April 11, 2024
Other Retail, Retail, Other Automotive, General Automotive, Automotive, Sunshine State, Heart, Compressed air, LED, Federal, Growth, Renewable energy

El Car Wash, the leading name in Florida's car wash industry, is thrilled to announce the grand opening of two new locations in Broward County.

Key Points: 
  • El Car Wash, the leading name in Florida's car wash industry, is thrilled to announce the grand opening of two new locations in Broward County.
  • This expansion is a continuation of El Car Wash's strategic growth across Florida, which has recently included development in Southwest and Central Florida.
  • With these new facilities, El Car Wash proudly stands as the largest express car wash operator in the Sunshine State.
  • The addition of the Pembroke Pines and Federal locations marks the company’s 39th and 40th location in Florida, respectively.

74 Percent of Federally Funded BSPs Trust Calix for Compliance Reporting, Surpassing 2 Billion Tests Performed in Just 3 Years

Retrieved on: 
Wednesday, April 10, 2024
Networks, Internet, Mobile, Wireless, Technology, Telecommunications, Cloud, BABA, FCC, CAF, Partnership, Universal Service Fund, Federal, Noise, Federal Communications Commission

Since adding FCC performance testing services to the Calix Platform, 74 percent of all federally funded BSPs in the U.S. rely on them to apply for, secure, and maintain funding.

Key Points: 
  • Since adding FCC performance testing services to the Calix Platform, 74 percent of all federally funded BSPs in the U.S. rely on them to apply for, secure, and maintain funding.
  • Calix FCC Performance Testing and the Broadband Performance Testing Service on the Calix Platform have enabled hundreds of BSPs to successfully meet FCC requirements.
  • In 2019, Calix partnered with Ookla —a global leader in broadband network intelligence and testing applications—and integrated scalable performance insights into the Calix Platform.
  • With billions of dollars from once-in-a-generation funding opportunities on the line, the Calix Platform has enabled funded BSPs to easily report network performance.

First Trust Advisors L.P. Announces Distribution for First Trust Income Opportunities ETF

Retrieved on: 
Wednesday, April 10, 2024
Asset Management, Professional Services, Finance, Prospectus, Commodity, Federal Reserve, Investment, Reputational damage, Federal Deposit Insurance Corporation, Risk, Uncertainty, OTC, Federal, FTP, AIB (NI), FTA, Internal Revenue Code, Terrorism, Face, Fund, ERISA, Infection, Judgement, Hamas, FINRA, ETF, Index, COVID-19, Security (finance)

FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.

Key Points: 
  • FTA and its affiliate First Trust Portfolios L.P. ("FTP"), a FINRA registered broker-dealer, are privately-held companies that provide a variety of investment services.
  • FTA is the supervisor of the First Trust unit investment trusts, while FTP is the sponsor.
  • An investment in a fund is not a deposit of a bank and is not insured or guaranteed.
  • First Trust Advisors L.P. (FTA) is the adviser to the First Trust fund(s).

First Trust Energy Income and Growth Fund Increases its Quarterly Distribution to $0.40 Per Share

Retrieved on: 
Wednesday, April 10, 2024
Banking, 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, Life insurance

First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has increased its regularly scheduled quarterly distribution to $0.40 per share from $0.30 per share The distribution will be payable on April 30, 2024, to shareholders of record as of April 23, 2024.

Key Points: 
  • First Trust Energy Income and Growth Fund (the "Fund") (NYSE American: FEN) has increased its regularly scheduled quarterly distribution to $0.40 per share from $0.30 per share The distribution will be payable on April 30, 2024, to shareholders of record as of April 23, 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.

Raft Receives Significant Growth Investment from Washington Harbour Partners

Retrieved on: 
Wednesday, April 10, 2024
Technology, Finance, Security, Military, Professional Services, Software, Government Technology, Data Management, Defense, Artificial Intelligence, Intelligence, Investment, Morrison & Foerster, AI, MLS, Machine learning, Harbor, Partnership, Research, Federal, Workload, PwC, Data science, Culture, ABMS, Classification, Holland & Knight, Multimedia, Command, C2, Atmosphere, Control, Growth, Government, Management

Washington Harbour Partners LP (“Washington Harbour”), a leading private investment firm specializing in partnering with founders and management teams on unlocking their next phase of growth, announced today that it has made an over $60 million strategic growth investment in Raft LLC (“Raft”).

Key Points: 
  • Washington Harbour Partners LP (“Washington Harbour”), a leading private investment firm specializing in partnering with founders and management teams on unlocking their next phase of growth, announced today that it has made an over $60 million strategic growth investment in Raft LLC (“Raft”).
  • “We are thrilled to have the opportunity to partner with Shubhi and her team at Raft to help continue their incredible growth journey,” said Mina Faltas, Founder & Chief Investment Officer of Washington Harbour.
  • Raft will continue to be led by Founder & CEO, Shubhi Mishra, who remains a significant shareholder in the Company.
  • Washington Harbour was advised by Morrison & Foerster on legal matters and PwC on financial.