Lethenteron appendix

Independent Bank Corp. Reports Third Quarter Net Income of $60.8 Million

Retrieved on: 
Thursday, October 19, 2023
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Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 third quarter net income of $60.8 million, or $1.38 per diluted share, compared to 2023 second quarter net income of $62.6 million, or $1.42 per diluted share.
  • Net interest income for the third quarter of 2023 decreased 1.7% to $149.9 million compared to $152.5 million for the prior quarter, as rising deposit costs slightly outpaced the benefit of repriced assets.
  • Noninterest income of $33.5 million for the third quarter of 2023 represented an increase of $2.8 million, or 9.1%, as compared to the prior quarter.
  • The third quarter provision for credit losses was $5.5 million, as compared to $5.0 million in the prior quarter.

Sandstorm Gold Royalties Renews Credit Facility, Amends Mercedes Stream, Provides Corporate and Development Asset Updates

Retrieved on: 
Thursday, September 28, 2023
Mariana Islands, Royal Bank of Canada, Scotiabank, Life, National bank, Bear Creek, Equity, Acquisition, Investment, ESG, NYSE, Mining, National Bank of Canada, Commerce, Bank of Montreal, NSR, Leg, Nomad, National instrument, UG, Mercedes, TSX, Growth, Custom, Lethenteron appendix, Vein, Il diluvio universale, Royal Bank, Gold, Master of Science, Engineering, Bank, Bear Creek Mining, Revolving Loan Fund, Ivanhoe Mines, Silver, SOFR, Geology, Canadian Imperial Bank of Commerce, Sale, Sandstorm Gold, Llusca Ritti (Corani), SSL, Renewable energy, Uranium mining, Security (finance), Palladium, Publishing, Dust storm, Fruta del Norte mine, Greenstone

VANCOUVER, BC, Sept. 28, 2023 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide various corporate and asset updates (all figures in U.S. dollars unless otherwise stated).

Key Points: 
  • VANCOUVER, BC, Sept. 28, 2023 /PRNewswire/ - Sandstorm Gold Ltd. ("Sandstorm Gold Royalties", "Sandstorm" or the "Company") (NYSE: SAND) (TSX: SSL) is pleased to provide various corporate and asset updates (all figures in U.S. dollars unless otherwise stated).
  • Sandstorm and its subsidiaries have agreed to amend the existing gold and silver stream agreements with Bear Creek (the "Restructuring Agreement").
  • Sandstorm will pay Bear Creek 25% of the spot price of gold for each gold ounce delivered by Bear Creek for both the Fixed Gold Deliveries and the Variable Gold Stream.
  • For more information about Sandstorm Gold Royalties, please visit our website at www.sandstormgold.com or email us at [email protected] .

Tricon Reports Q2 2023 Results Driven by Strong Housing Fundamentals

Retrieved on: 
Tuesday, August 8, 2023
REIT, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Workforce, Block, Maintenance, Housing, Taylor, The Ivy (UK), Housing Corporation, SFR, Canada Mortgage and Housing Corporation, Tax, Core, Larry Tanenbaum, Recycling, Lethenteron appendix, Selby, CMHC, City, Acquisition, HOA, Section 6 of the Canadian Charter of Rights and Freedoms, NOI, Growth, Adjustment, Hand, Appendix, Video game, Real estate, Property management, Cryptocurrency, Security (finance), Tricon

The growth in NOI was primarily attributable to a $13.6 million or 14.4% increase in rental revenues as a result of a 7.3% increase in the average monthly rent ($1,792 in Q2 2023 vs. $1,670 in Q2 2022) and 3.6% portfolio growth (Tricon's proportionate share of rental homes was 21,656 in Q2 2023 compared to 20,910 in Q2 2022), and a 1% increase in occupancy (95.6% in Q2 2023 compared to 94.6% in Q2 2022).

Key Points: 
  • The growth in NOI was primarily attributable to a $13.6 million or 14.4% increase in rental revenues as a result of a 7.3% increase in the average monthly rent ($1,792 in Q2 2023 vs. $1,670 in Q2 2022) and 3.6% portfolio growth (Tricon's proportionate share of rental homes was 21,656 in Q2 2023 compared to 20,910 in Q2 2022), and a 1% increase in occupancy (95.6% in Q2 2023 compared to 94.6% in Q2 2022).
  • Single-family rental same home NOI growth was 6.3% in the second quarter of 2023, compared to the same period last year.
  • This favorable change was driven by a 6.6% increase in rental revenue as a result of a 6.7% higher average monthly rent ($1,733 in Q2 2023 compared to $1,624 in Q2 2022), an improvement in bad debt (0.9% in Q2 2023 compared to 1.8% in Q2 2022) and slightly lower occupancy (97.5% in Q2 2023 compared to 98.0% in Q2 2022).
  • Tricon's net assets were $3.8 billion at June 30, 2023, increasing by $44 million when compared to $3.8 billion as at March 31, 2023.

Ancora Sends Open Letter to the Board of Directors of Green Plains Regarding the Apparent Misconduct and Evident Failings of 15-Year CEO Todd Becker

Retrieved on: 
Monday, August 7, 2023
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In the letter, we expressed trepidation about Mr. Becker leading Green Plains down a path of value destruction and squandering the seemingly strong position the Company held at the start of 2023.

Key Points: 
  • In the letter, we expressed trepidation about Mr. Becker leading Green Plains down a path of value destruction and squandering the seemingly strong position the Company held at the start of 2023.
  • This is likely why Green Plains’ share price plunged 7% on Friday.
  • This would not be the first time that shareholders have suffered the consequences of Mr. Becker masquerading as a commodities trader.
  • We believe it will be a failure in oversight on the part of the Board if it does not investigate Mr. Becker and management.

Independent Bank Corp. Reports Second Quarter Net Income of $62.6 Million

Retrieved on: 
Thursday, July 20, 2023
Banking, Professional Services, Finance, Lender option borrower option, Advertising, Interchange, Policy, Snow, Sale, Shotter v Westpac Banking Corp, Federal Home Loan Banks, Internet, Credit, ATM, Growth, Rockland Trust, Conference, Total, Lethenteron appendix, Security (finance), Cryptocurrency, Real estate, Financial adviser, Pharmaceutical industry, Video game, Bank

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 second quarter net income of $62.6 million, or $1.42 per diluted share, compared to 2023 first quarter net income of $61.2 million, or $1.36 per diluted share.
  • Net interest income for the second quarter of 2023 decreased 4.1% to $152.5 million compared to $159.0 million for the prior quarter, reflecting a full quarter of increased wholesale borrowings as well as higher deposit costs, resulting in a reduction in net interest margin of 25 basis points to 3.54% for the quarter.
  • Noninterest income of $30.8 million for the second quarter of 2023 represented an increase of $2.5 million, or 8.9%, as compared to the prior quarter.
  • Noninterest expense of $95.6 million for the second quarter of 2023 represented a decrease of $3.1 million, or 3.1%, as compared to the prior quarter.

Tricon Delivers Solid Q1 2023 Results and Reiterates Full-Year Guidance

Retrieved on: 
Tuesday, May 9, 2023
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Treasury, Maintenance, Badminton Association of India, Prevention of the Avoidance of Income Tax Act, Taylor, The Ivy (UK), MD Helicopters MD Explorer, Tax, Financial statement, Home insurance, Lethenteron appendix, Selby, Dividend, Acquisition, SEDAR, Section 6 of the Canadian Charter of Rights and Freedoms, Webcast, Income Tax Act, DRIP, NOI, Growth, Adjustment, Annual report, Hand, Appendix, Conference, Common, Audit, Real estate, Holding company, Symington, Tricon

The Company expanded its single-family rental portfolio by acquiring 409 homes during the quarter, bringing its total managed portfolio to 36,525 homes.

Key Points: 
  • The Company expanded its single-family rental portfolio by acquiring 409 homes during the quarter, bringing its total managed portfolio to 36,525 homes.
  • Construction at The Ivy and Maple House (West Don Lands - Block 8) continued to progress, with first occupancy anticipated in Q3 2023.
  • Tricon's liquidity consists of a $500 million corporate credit facility with approximately $462 million of undrawn capacity as at March 31, 2023.
  • The Company has also made available on its website supplemental information for the three months ended March 31, 2023.

Independent Bank Corp. Reports First Quarter Net Income of $61.2 Million

Retrieved on: 
Thursday, April 20, 2023
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Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share.
  • Total loans at March 31, 2023 of $13.9 billion increased by $19.3 million, or 0.1% (0.6% annualized), compared to the prior quarter level.
  • Noninterest income of $28.2 million for the first quarter of 2023 represented a decrease $4.1 million, or 12.6%, as compared to the prior quarter.
  • Noninterest expense of $98.7 million for the first quarter of 2023 represented a $3.8 million, or 4.0%, increase as compared to the prior quarter.

Engine Capital Issues Letter to Parkland’s Board Announcing Intent to Withhold Support on ALL Incumbent Directors at the 2023 Annual Meeting

Retrieved on: 
Thursday, April 20, 2023
Banking, Professional Services, Finance, ALL, Policy, Multimedia, Annual general meeting, Parkland Corporation, PKI, Frustration, Capital, CFO, TSX, Letter, Lethenteron appendix, Holding company, Management

In our letter, we shared our ideas to enhance long-term shareholder value, which include: (a.)

Key Points: 
  • In our letter, we shared our ideas to enhance long-term shareholder value, which include: (a.)
  • refreshing the Board by adding directors with convenience merchandising and capital allocation experience and (c.) improving the Company’s compensation framework to better align management’s incentives with shareholders’ interests.
  • Our letter concluded with a request to meet with members of the Board as soon as possible to discuss these recommendations.
  • As a matter of clarification, Engine intends to vote “FOR” the two new nominees appointed by Simpson Oil Limited.

Clover Health Reports Fourth Quarter and Full Year 2022 Financial Results

Retrieved on: 
Tuesday, February 28, 2023
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FRANKLIN, Tenn., Feb. 28, 2023 (GLOBE NEWSWIRE) -- Clover Health Investments, Corp. (NASDAQ: CLOV) ("Clover," "Clover Health" or the "Company"), a physician enablement company committed to bringing access to great healthcare to everyone on Medicare, today reported financial results for the fourth quarter and full year 2022. Management will host a conference call today at 8:30 a.m. ET to discuss its operating results and other business highlights.

Key Points: 
  • We intentionally priced our Insurance plans for 2023 with profitability in mind while still expecting to grow our top-line Insurance revenue.
  • For our Non-Insurance business we plan to execute our previously disclosed strategic shift to focus on a targeted group of participant providers aligned to our strategy and capabilities," said Clover Health CEO Andrew Toy.
  • Non-Insurance revenue is expected to be in the range of $0.75 billion to $0.80 billion in 2023.
  • Additional information about the Company's non-GAAP financial measures can be found under the caption "About Non-GAAP Financial Measures" below and in Appendix A.
    Clover Health's management will host a conference call to discuss its financial results on Tuesday, February 28, at 8:30 AM Eastern Time.

Independent Bank Corp. Reports Fourth Quarter Net Income of $77.0 Million

Retrieved on: 
Thursday, January 19, 2023
Banking, Professional Services, Finance, Net income, East Boston Savings Bank, Shotter v Westpac Banking Corp, PPP, Internet, GAAP, Environment, Total, Rockland Trust, Maintenance, Conference, Growth, Trust, Sale, Acquisition, Lethenteron appendix, Security (finance), Real estate, Life insurance, Bank, Video game, Commercial property, Meridian

Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share, compared to 2022 third quarter net income of $71.9 million, or $1.57 per diluted share, driven primarily by continued net interest margin expansion combined with solid loan growth and higher fee income.

Key Points: 
  • Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2022 fourth quarter net income of $77.0 million, or $1.69 per diluted share, compared to 2022 third quarter net income of $71.9 million, or $1.57 per diluted share, driven primarily by continued net interest margin expansion combined with solid loan growth and higher fee income.
  • Please refer to "Reconciliation of Net Income (GAAP) to Operating Net Income (Non-GAAP)" below for a reconciliation of net income to operating net income.
  • Noninterest income of $32.3 million for the fourth quarter of 2022 was $4.1 million, or 14.6% higher as compared to the prior quarter.
  • Noninterest expense of $94.9 million for the fourth quarter of 2022 was $2.1 million, or 2.3%, higher as compared to the prior quarter.