FTE

Norwood Financial Corp Announces First Quarter 2024 Earnings

Retrieved on: 
Monday, April 22, 2024
FTE, Pressure, Bank, Finger Lakes, Life insurance

Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023.

Key Points: 
  • Earnings per share on a fully diluted basis were $0.55 for the three-month period ended March 31, 2024, compared to $0.71 in the three-month period ended March 31, 2023.
  • The annualized return on average assets was 0.80% in the first quarter of 2024 and the annualized return on average equity was 9.79%, compared to 1.13% and 13.61%, respectively, in the first quarter of 2023.
  • Total assets were $2.260 billion as of March 31, 2024, an increase of $156.1 million, compared to March 31, 2023.
  • Norwood Financial Corp is the parent company of Wayne Bank, which operates from fourteen offices throughout Northeastern Pennsylvania and fifteen offices in Delaware, Sullivan, Ontario, Otsego and Yates Counties, New York.

Westamerica Bancorporation Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 18, 2024
EPS, FTE, Westamerica Bank, SAN, Merchant, Video game

First quarter 2024 results compare to fourth quarter 2023 net income of $39.5 million and EPS of $1.48.

Key Points: 
  • First quarter 2024 results compare to fourth quarter 2023 net income of $39.5 million and EPS of $1.48.
  • "Westamerica’s first quarter 2024 results benefited from the Company’s valuable low-cost deposit base, of which 47 percent was represented by non-interest bearing checking accounts during the quarter; the annualized cost of funding our loan and bond portfolios was 0.20 percent for the first quarter 2024.
  • Debit card fees declined $524 thousand from the fourth quarter 2023 to the first quarter 2024 due to recognition of an annual volume-based incentive in the fourth quarter 2023.
  • Noninterest expenses for the first quarter 2024 were $26.1 million compared to $25.5 million for the fourth quarter 2023.

OptimizeRx Reports Strong Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, April 16, 2024
DTC, HCP, Nature, FTE, Uncertainty, Depreciation, Growth, Tax, Direct, Acquisition, EPS, Full-time equivalent, Adjustment, LTM, GAAP, DAAP, Bank

DAAP deals quadrupled to 24, aligning with our strategic goals and providing a solid revenue base and momentum for 2024.

Key Points: 
  • DAAP deals quadrupled to 24, aligning with our strategic goals and providing a solid revenue base and momentum for 2024.
  • Gross profit in the fourth quarter of 2023 increased 43% year-over-year to $17.8 million.
  • The Company does not consider these non-GAAP measures to be substitutes for or superior to the information provided by its GAAP financial results.
  • The table, “Reconciliation of Non-GAAP to GAAP Financial Measures,” included below, provides a reconciliation of Non-GAAP net income, Non-GAAP EPS and Adjusted EBITDA for the fourth quarter and full year ended December 31, 2023 and 2022.

Cross Country Healthcare Announces First Quarter 2024 Financial Results

Retrieved on: 
Wednesday, May 1, 2024
Nursing, Human Resources, Managed Care, General Health, Health, Hospitals, Health Technology, Professional Services, Education, Table, Share repurchase, Depreciation, Tax, ABL, FTE, GAAP, Growth, EPS, Video game

No debt outstanding as of March 31, 2024

Key Points: 
  • No debt outstanding as of March 31, 2024
    “Our first quarter results reflect our ability to execute in a challenging market.
  • We are especially pleased with the momentum we are seeing in physician staffing, homecare, and education,” said John A. Martins, President and Chief Executive Officer of Cross Country Healthcare.
  • Net income attributable to common stockholders was $2.7 million compared to $29.4 million in the prior year and $9.0 million in the prior quarter.
  • The guidance below applies to management’s expectations for the second quarter of 2024.

CB Financial Services, Inc. Announces First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend

Retrieved on: 
Friday, April 26, 2024
Banking, Professional Services, Finance, Use, Sale, FTE, FHLB, Treasury, Death, Interest, Insurance, ACL, Newsweek, Comparison, Environment, NIM, Pressure, Bank, EPS, Advertising, FDIC, GAAP

(Comparisons to three months ended March 31, 2023 unless otherwise noted)

Key Points: 
  • (Comparisons to three months ended March 31, 2023 unless otherwise noted)
    Net income was $4.20 million, compared to $4.16 million.
  • Nonperforming loans to total loans was 0.20% at March 31, 2024 and December 31, 2023.
  • Stockholders’ equity increased $1.8 million, or 1.3%, to $141.6 million at March 31, 2024, compared to $139.8 million at December 31, 2023.
  • Book value per common share was $27.53 at March 31, 2024 compared to $27.32 at December 31, 2023, an increase of $0.21.

FirstSun Capital Bancorp Reports First Quarter 2024 Results

Retrieved on: 
Tuesday, April 30, 2024
Banking, Professional Services, Finance, Sale, Table, MSR, LLP, FHLB, FTE, HTM, Environment, Wellington Management Company, Ratio, GAAP, C&I, Bank

FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $12.3 million for the first quarter of 2024 compared to net income of $26.3 million for the first quarter of 2023.

Key Points: 
  • FirstSun Capital Bancorp (“FirstSun”) (OTCQX: FSUN) reported net income of $12.3 million for the first quarter of 2024 compared to net income of $26.3 million for the first quarter of 2023.
  • The return on average total assets was 0.64% in the first quarter of 2024, compared to 1.26% in the prior quarter, and the return on average stockholders’ equity was 5.15% in the first quarter of 2024, compared to 11.19% in the prior quarter.
  • Average loans, including loans held-for-sale, increased by $33.5 million in the first quarter of 2024, compared to the prior quarter.
  • Loan yield decreased by three basis points to 6.48% in the first quarter of 2024, compared to the prior quarter.

Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 25, 2024
Banking, Professional Services, Finance, Sale, CFO, Treasurer, Total, River, Investment, FTE, Federal Deposit Insurance Corporation, Korn Ferry, Federal Home Loan Banks, Marketing, Testament, Insurance, Trust, Webcast, Retirement, IPO, NPL, EBC, Workforce, Advertising, FDIC, ID, Telephone, Growth, Bank

Eastern Bankshares, Inc. (the “Company,” or together with its subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2024 first quarter financial results and the declaration of a quarterly cash dividend.

Key Points: 
  • Eastern Bankshares, Inc. (the “Company,” or together with its subsidiaries, “Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company of Eastern Bank, today announced its 2024 first quarter financial results and the declaration of a quarterly cash dividend.
  • Noninterest income was $27.7 million for the first quarter of 2024, compared to $26.7 million for the prior quarter, representing an increase of $1.0 million.
  • Noninterest expense was $101.2 million for the first quarter of 2024, compared to $121.0 million in the prior quarter, representing a decrease of $19.8 million.
  • A conference call and webcast covering Eastern’s first quarter 2024 earnings will be held on Friday, April 26, 2024 at 9:00 a.m. Eastern Time.

Trustmark Corporation Announces First Quarter 2024 Financial Results

Retrieved on: 
Tuesday, April 23, 2024
Banking, Professional Services, Finance, HFI, Sale, Total, Central Time, Corporation, FTE, Geography, Insurance, ACL, HFS, Trustmark, Multimedia, Bank statement, Growth, Interest, Video game

Trustmark Corporation (NASDAQGS:TRMK) reported net income of $41.5 million in the first quarter of 2024, representing diluted earnings per share of $0.68.

Key Points: 
  • Trustmark Corporation (NASDAQGS:TRMK) reported net income of $41.5 million in the first quarter of 2024, representing diluted earnings per share of $0.68.
  • The total cost of interest-bearing liabilities in the first quarter was 2.92%, up 3 basis points from the prior quarter.
  • As previously announced, Trustmark will conduct a conference call with analysts on Wednesday, April 24, 2024, at 8:30 a.m. Central Time to discuss the Corporation’s financial results.
  • Trustmark is a financial services company providing banking and financial solutions through offices in Alabama, Florida, Georgia, Mississippi, Tennessee and Texas.

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.

First Internet Bancorp Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, April 24, 2024
Banking, Professional Services, Sale, Small business, U.S. Bancorp, FTE, BP, TCE, Fintech, As a service, Partnership, SBA, ACL, Compact disc, Webcast, NIM, First Internet Bancorp, Bank, Ratio, AOCI, Marketing, Advertising, Small Business Administration, Telephone, First, Growth

First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.

Key Points: 
  • First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the first quarter ended March 31, 2024.
  • Total interest income for the first quarter of 2024 was $68.2 million, an increase of 2.9% compared to the fourth quarter of 2023, and an increase of 31.0% compared to the first quarter of 2023.
  • The cost of interest-bearing deposits was 4.25% for the first quarter of 2024, compared to 4.14% for the fourth quarter of 2023.
  • Noninterest income for the first quarter of 2024 was $8.3 million, compared to $7.4 million for the fourth quarter of 2023, and $5.4 million for the first quarter of 2023.