Financial Performance - Pathward Financial reported net income of $31.4 million, or $1.29 per share, for Q1 2025, compared to $27.7 million, or $1.06 per share, in Q1 2024, representing a 13.4% increase in net income[1]. - Total revenue for Q1 2025 was $173.5 million, an increase of $10.7 million, or 7%, compared to the same quarter in fiscal 2024, driven by higher net interest income and noninterest income[5]. - Noninterest income rose by 9% to $57.4 million in Q1 2025, compared to $52.8 million in the same period last year, driven by gains on loan sales and tax services product fees[10]. - The company completed the sale of its commercial insurance premium finance business for $603.3 million, recording a pre-tax gain of $16.4 million[5]. - Net income attributable to parent for the quarter was $31,427 thousand, a decrease from $33,597 thousand in the previous quarter, representing a decline of 6.5%[51]. - Earnings per common share (basic) was $1.29, compared to $1.35 in the previous quarter, reflecting a decrease of 4.44%[51]. Loan and Lease Activity - Total gross loans and leases increased by $136.4 million to $4.56 billion compared to December 31, 2023, and increased by $487.5 million from September 30, 2024[5]. - The company originated $9.3 million in renewable energy leases during Q1 2025, resulting in $3.2 million in total net investment tax credits[15]. - Loans and leases increased to $4,562,681 thousand, compared to $4,075,195 thousand in the previous quarter, representing an increase of 11.95%[49]. - Total loans and leases rose to $4,643,461 thousand in Q4 2024, an increase of 2.4% from $4,535,826 thousand in Q4 2023[54]. Interest Income and Margin - Net interest margin (NIM) increased by 61 basis points to 6.84% in Q1 2025 from 6.23% in Q1 2024, primarily due to increased yields and balances in the loan and lease portfolio[5]. - Net interest income for the three months ended September 30, 2024, was $116,133 thousand, compared to $115,922 thousand in the previous quarter, reflecting a slight increase of 0.18%[51]. - Net interest income increased to $116,133 thousand in Q4 2024, up from $110,036 thousand in Q4 2023, representing a growth of 5.7%[59]. - Adjusted net interest margin was 5.41% in Q4 2024, up from 4.76% in Q4 2023, indicating a year-over-year improvement[60]. Credit Losses and Allowance - The allowance for credit losses totaled $49.0 million at December 31, 2024, an increase from $45.3 million at September 30, 2024, but a decrease from $53.8 million at December 31, 2023[22]. - The allowance for credit losses (ACL) decreased by $4.8 million year-over-year, primarily due to a $6.0 million decrease in the commercial finance portfolio[23]. - The company recognized a provision for credit losses of $12.0 million for the quarter ended December 31, 2024, compared to $9.9 million for the same period in the prior fiscal year[27]. - Net charge-offs for the quarter ended December 31, 2024, were $8.6 million, an increase from $5.5 million for the same quarter in 2023[27]. Deposits and Assets - Total end-of-period deposits decreased by 6% to $6.52 billion at December 31, 2024, compared to $6.94 billion at December 31, 2023[34]. - The average balance of total deposits and interest-bearing liabilities was $6.25 billion for the three-month period ended December 31, 2024, down from $6.71 billion for the same period in the prior fiscal year[33]. - Total assets increased to $7,622,342 thousand as of December 31, 2024, up from $7,549,336 thousand in the previous quarter, representing a growth of 0.97%[49]. - Cash and cash equivalents increased to $597,396 thousand, up from $158,337 thousand in the previous quarter, showing a substantial increase of 276.5%[49]. Capital and Equity - Regulatory capital ratios remained above federal minimum requirements, with the common equity Tier 1 capital ratio at 12.53% as of December 31, 2024[39]. - Total stockholders' equity as of December 31, 2024, is $776,430,000, an increase from $729,282,000 as of December 31, 2023, representing a growth of 6.5% year-over-year[40]. - Common Equity Tier 1 capital stands at $650,272,000 as of December 31, 2024, compared to $581,409,000 a year earlier, reflecting an increase of 12%[40]. - Total capital is $732,008,000 as of December 31, 2024, compared to $667,314,000 as of December 31, 2023, marking an increase of 9.7%[40]. Operational Insights - The company will host a conference call on January 21, 2025, at 4:00 p.m. Central Time to discuss earnings and future outlook[41]. - The quarterly investor update presentation will be available on the company's Investor Relations website, providing insights into financial performance and strategic initiatives[42]. - Pathward Financial aims to enhance financial inclusion through its Partner Solutions and Commercial Finance business lines, focusing on increasing financial availability and choice[43]. - The company emphasizes the importance of maintaining a well-capitalized status and managing risks associated with market fluctuations and regulatory changes[46]. - Forward-looking statements indicate expectations for future operating results, including earnings per diluted share guidance and anticipated growth opportunities[45].

(CUSIP NOS. 37255B AB5; G38327 AB1 / ISIN NOS. US37255BAB53; USG38327AB13) BOGOTÁ, Colombia, Jan. 21, 2025 /PRNewswire/ -- GeoPark Limited ("GeoPark" or the "Company") (NYSE: GPRK), an exempted company incorporated under the laws of Bermuda, today announced the commencement of an offer to purchase for cash any and all of its outstanding 5.500% Senior Notes due 2027 (the "Notes") (the "Tender Offer"). The Tender Offer is being made upon the terms and subject to the conditions (including the Financing Conditi ...

DALLAS, Jan. 21, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Hugoton Royalty Trust (the "Trust") (OTCQB: HGTXU) announced today there would not be a cash distribution to the holders of its units of beneficial interest for January 2025 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $12,000 for the payment of Trust expenses. To the extent net profits income is received in future months, the Trustee ant ...

CLEVELAND, Jan. 16, 2025 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2025: A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on March 14, 2025, to holders of record of such Common Shares as of the close of business on March 4, 2025; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's ...

Analysts on Wall Street project that Pathward Financial (CASH) will announce quarterly earnings of $1.14 per share in its forthcoming report, representing an increase of 7.6% year over year. Revenues are projected to reach $172.98 million, increasing 6.3% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 2.7% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates duri ...

The market expects Pathward Financial (CASH) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be ...

DALLAS, Jan. 3, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a cash distribution to the holders of its units of beneficial interest of $0.448330 per unit, payable on January 29, 2025, to unit holders of record on January 15, 2025. Sabine's cash distribution history, current and prior year financial reports and tax information booklets, a link to filings made with the Securities and Exchange Commission and more can be found on its website at ht ...

I am a self-taught value investor focusing on Equity REITs, ETFs, special-situation opportunities, portfolio management, and factor investing. My goal is to generate above-average returns with below-average volatility. My ideas are usually long-term but I will respond appropriately to unexpected events if they seem to disrupt any of my theses.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within t ...

DALLAS, Dec. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Cross Timbers Royalty Trust (the "Trust") (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.062265 per unit, payable on January 15, 2025, to unitholders of record on December 31, 2024. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions. Underlying Sales Volumes (a)  Average Pric ...

DALLAS, Dec. 20, 2024 /PRNewswire/ -- Argent Trust Company, as Trustee of the Hugoton Royalty Trust (the "Trust") (OTCQB: HGTXU) announced today there would not be a cash distribution to the holders of its units of beneficial interest for December 2024 due to the excess cost positions on all three of the Trust's conveyances of net profits interests. The Trust's cash reserve was reduced by $15,000 for the payment of Trust expenses. To the extent net profits income is received in future months, the Trustee an ...