Commercial

Kirby Corporation Announces 2024 First Quarter Results

Retrieved on: 
Thursday, April 25, 2024
Marine, Weather, Transport, PIN, Commercial, News, Depreciation, Business administration, Security (finance), OEM, Webcast, Mississippi River, Forecasting, Illinois River, History, KDS, KEX, Public expenditure, Form, Wind, Tax, Distribution, Comparable, Methodist University, Tulane University, Southern Methodist University, Kirby Corporation, Telephone, Human, GAAP, Growth, Overalls, Finance, Rice University, Video game

Consolidated revenues for the 2024 first quarter were $808.0 million compared with $750.4 million reported for the 2023 first quarter.

Key Points: 
  • Consolidated revenues for the 2024 first quarter were $808.0 million compared with $750.4 million reported for the 2023 first quarter.
  • Marine transportation revenues for the 2024 first quarter were $475.4 million compared with $412.5 million for the 2023 first quarter.
  • Operating income for the 2024 first quarter was $83.0 million compared with $43.0 million for the 2023 first quarter.
  • Operating income for the 2024 first quarter was $22.0 million compared with $22.8 million for the 2023 first quarter.

Standard Lithium Successfully Commissions First Commercial-Scale DLE Column in North America

Retrieved on: 
Wednesday, April 24, 2024
Lithium, Dorado, Lithium chloride, Boron, DLE, Demonstration plant, Calcium, Magnesium, Commercial, KTS, Potassium, Smackover Formation, Sodium, Standard, SLI, FRA

EL DORADO, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce that it has successfully commissioned and validated the performance of the largest continuously-operating Direct Lithium Extraction (“DLE”) equipment in North America.

Key Points: 
  • EL DORADO, Ark., April 24, 2024 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium development company, is pleased to announce that it has successfully commissioned and validated the performance of the largest continuously-operating Direct Lithium Extraction (“DLE”) equipment in North America.
  • The Company recently installed a commercial-scale DLE column at its Demonstration Plant near El Dorado, Arkansas.
  • This is, to the best of the Company’s knowledge, both the largest DLE installation, and the only example of a commercial-scale DLE column in operation in North America.
  • Since commissioning, the column has operated continuously and exceeded the design parameters for lithium recovery and rejection of impurities.

Stock Yards Bancorp Reports First Quarter Earnings of $25.9 Million or $0.88 Per Diluted Share

Retrieved on: 
Wednesday, April 24, 2024
Sale, ASU, Total, Investment, Treasury, FHLB, Community, Commercial, Federal Home Loan Banks, Depreciation, Insurance, Collection, Condition, Unemployment, CECL, Bank, AUM, Construction, S&P Global, WM, Growth, C&I

“Total loans increased $607 million, or 12%, over the last 12 months, $79 million of which was generated during the first quarter of this year.

Key Points: 
  • “Total loans increased $607 million, or 12%, over the last 12 months, $79 million of which was generated during the first quarter of this year.
  • Deposit balances declined $62 million, or 1%, on the linked quarter, as non-interest bearing demand accounts contracted $68 million, or 4%.
  • WM&T income ended the first quarter of 2024 at a record $10.8 million, increasing $1.2 million, or 13%, over the first quarter of 2023.
  • Total deposits decreased $62 million, or 1%, on the linked quarter primarily due to seasonal public funds runoff totaling $36 million.

Canon Solutions America’s University Inkjet Program Marks Five Years of Providing Students Real-World Experience

Retrieved on: 
Wednesday, April 24, 2024
ASU, Clemson University, Arizona State University, Commercial, Rochester Institute of Technology, GIT, Publishing, Life, Carbon, Plant, Curriculum, Knowledge, Printing, District Photo, Student, Nursing

The University Inkjet Program, launched in 2019, offers students practical experience and insight into modern print industry trends and practices.

Key Points: 
  • The University Inkjet Program, launched in 2019, offers students practical experience and insight into modern print industry trends and practices.
  • Canon Solutions America customer District Photo has demonstrated a continuous commitment to University Inkjet Program’s educational mission by hosting a field trip for ASU students for a second consecutive year.
  • Additionally, students have had the opportunity to experience production inkjet and toner presses through the Canon Americas Customer Innovation Center.
  • Canon Solutions America also supports sustainability projects and other philanthropic engagements at the university, while ASU continues to invest in Canon camera technology.

Western New England Bancorp, Inc. Reports Results for Three Months Ended March 31, 2024 and Declares Quarterly Cash Dividend

Retrieved on: 
Tuesday, April 23, 2024
Sale, Investment, AFS, Safety, ICS, Commercial, HTM, Snow, Federal, ATM, CDARS, Software, Environment, Pressure, Three Months, FDIC, GAAP, Certificate

The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.

Key Points: 
  • The net interest margin was 2.57% for the three months ended March 31, 2024 compared to 2.64% for the three months ended December 31, 2023.
  • The net interest margin, on a tax-equivalent basis, was 2.59% for the three months ended March 31, 2024, compared to 2.66% for the three months ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended December 31, 2023.
  • Net Income for the Three Months Ended March 31, 2024 Compared to the Three Months Ended March 31, 2023.

Peapack-Gladstone Financial Corporation Reports First Quarter Results

Retrieved on: 
Tuesday, April 23, 2024
Common equity, Table, Commercial, Bank, Wealth management, Security (finance), Form 8-K, PGC, Environment, EPS

BEDMINSTER, NJ, April 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its first quarter 2024 financial results.

Key Points: 
  • BEDMINSTER, NJ, April 23, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) (the “Company”) announces its first quarter 2024 financial results.
  • The net interest margin declined to 2.20% for the quarter ended March 31, 2024, compared to 2.29% for the quarter ended December 31, 2023 and 2.88% for the quarter ended March 31, 2023.
  • During the first quarter of 2024, deposits grew $202.6 million to $5.48 billion, loans decreased $73.7 million to $5.36 billion and overnight borrowings were reduced by $284.3 million.
  • Wealth Management fee income was $14.4 million in Q1 2024, which amounted to 27% of total revenue for the quarter.

TransAlta Joins Other Water Licence Holders and the Alberta Government to collaborate on flow management on the Bow River System

Retrieved on: 
Friday, April 19, 2024
Microsoft, Commercial, TSX, Electricity, Water, TransAlta, Season, Government

Water-sharing MOUs have been initiated by the Government of Alberta, across Southern Alberta, to coordinate water needs in what is expected to be a lower water year.

Key Points: 
  • Water-sharing MOUs have been initiated by the Government of Alberta, across Southern Alberta, to coordinate water needs in what is expected to be a lower water year.
  • Due to its role managing water storage and water flows in the Bow River system for power generation, drought prevention and flood control, the Company is collaborating with other downstream water licence holders to manage water flows.
  • “TransAlta recognizes the unique role our Bow River system plays in managing water flows while also serving as a key component of Alberta’s electricity grid.
  • TransAlta expects these water management efforts during the spring and summer seasons to align with its electricity generation objectives and practices.

First Western Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 18, 2024
Family, Sale, GAAP, Risk management, Federal Reserve, FHLB, Commercial, Federal Home Loan Banks, Bankruptcy, Insurance, Trust, Income tax, Development, Pressure, Bank, AUM, Subordination, Interest, Video game

DENVER, April 18, 2024 (GLOBE NEWSWIRE) -- First Western Financial, Inc. (“First Western” or the “Company”) (NASDAQ: MYFW), today reported financial results for the first quarter ended March 31, 2024.

Key Points: 
  • Gross revenue(1) was $23.5 million for the first quarter of 2024, an increase of 4.6%, from $22.5 million for the fourth quarter of 2023.
  • Net interest income for the first quarter of 2024 was $16.1 million, a decrease of 1.6% from $16.3 million in the fourth quarter of 2023.
  • Non-interest expense for the first quarter of 2024 was $19.7 million compared to $18.3 million for the fourth quarter of 2023.
  • The Company’s efficiency ratio(1) was 83.4% in the first quarter of 2024, compared with 80.9% in the fourth quarter of 2023 and 78.4% in the first quarter of 2023.

BLUE Lawsuit: Robbins LLP Reminds Investors of bluebird bio, Inc. of Pending Lead Plaintiff Deadline

Retrieved on: 
Thursday, April 18, 2024
Sickle cell disease, FDA, Cancer, LLP, DSM-IV codes, SCD, News, Food, Commercial, Bluebird bio, History, BLUE, Bluebird, Complaint, Patient, Clinical, BLA, File, Biotechnology, Person, Pharmaceutical industry

Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired bluebird bio, Inc. (NASDAQ: BLUE) common stock between April 24, 2023 and December 8, 2023.

Key Points: 
  • Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired bluebird bio, Inc. (NASDAQ: BLUE) common stock between April 24, 2023 and December 8, 2023.
  • Bluebird is a biotechnology company that researches, develops, and commercializes gene therapies for severe genetic diseases.
  • For more information, submit a form , email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
  • A lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation.

IO Biotech Expands Senior Leadership Team to Progress Commercialization Readiness

Retrieved on: 
Monday, April 15, 2024
University, Cancer, Commercial, Kite Pharma, Jazz Pharmaceuticals, Vaccine, Therapy, SVP, Patient, Doctor of Pharmacy, IO, Trade, Amgen, Pharmaceutical industry

Ms. Shamsaei joins the company’s executive team, reporting to IO Biotech CEO Mai-Britt Zocca, Ph.D., and is based in the United States.

Key Points: 
  • Ms. Shamsaei joins the company’s executive team, reporting to IO Biotech CEO Mai-Britt Zocca, Ph.D., and is based in the United States.
  • “Marjan’s extensive oncology product commercialization and growth strategy expertise will be invaluable as we progress into the commercial readiness phase for IO102-IO103,” said Dr. Zocca.
  • “We’re thrilled to welcome Marjan to the IO Biotech team as we continue to expand our pipeline with product candidates in multiple cancer indications where the T-Win platform may prove highly effective.”
    Dr. Shamsaei added, “It is an honor to join IO Biotech’s team during this exciting growth phase in the company.
  • Prior to this role, she served in leadership roles at Five Prime Therapeutics (acquired by Amgen), Genentech, Jazz Pharmaceuticals and SUGEN/Pharmacia (acquired by Pfizer).