Analyst’s Disclosure: I/we have a beneficial long position in the shares of TLPFY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advi ...

Michael Wiggins De Oliveira is an inflection investor. This means buying into cheap companies at the moment when their narrative is changing and the business is on a path toward becoming significantly more profitable over the next year.With a focus on tech and “the Great Energy Transition (including uranium)”, Michael runs a concentrated portfolio with approximately 15 to 20 stocks and an average holding period of 18 months. Through his 10+ years analyzing countless companies, Michael has accumulated outsta ...

B&G Foods, Inc. (NYSE: BGS ) does not only report more than 130 years of accumulated expertise, but also a significant amount of know-how in the acquisition of new brands. Currently undergoing a period of transformation, the company putLike the common kingfisher or Alcedo Atthis searches for small fish, I research small, and medium cap companies in Europe, the United States, and South America. You can find a common kingfisher in my profile.With close to 14 years in the financial industry, I worked for an eq ...

ORLANDO, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a pioneering global alternative asset manager specializing in leveraging longevity data and actuarial technology to offer uncorrelated investment opportunities, today announced it has completed the acquisition of FCF Advisors (“FCF”), a New York-based asset manager and index provider specializing in free cash flow-focused investment strategies. The acquisition of FCF, which currently has approximate ...

Analyst’s Disclosure: I/we have a beneficial long position in the shares of VLE:CA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any ...

Retirement is complicated and you only get once chance to do it right. Don't miss out because you didn't know what was out there.The Retirement Forum provides actionable ideals, a high-yield safe retirement portfolio, and macroeconomic outlooks, all to help you maximize your capital and your income. We search the entire market to help you maximize returns.Occidental Petroleum (NYSE: OXY ) is a company that we've varied on as the company has cycled between heavily undervalued, like when we recommended it in ...

For almost a decade, I held research analyst positions in various investment firms, mostly in Toronto. In the summer of 2021, I left the city and moved into a yurt I built in the boreal forest. I went from living in downtown Toronto to living alone in the woods approximately 100km away from the closest paved road or grocery store.The longer I stay in the woods, the more I experience the omnipresence of divine energy. Self-sufficiency does not exist, as I simply replaced my relationships with grocery stores ...

Financial Performance - Net income for the third quarter of 2024 was $106.723 million, a decrease from $112.236 million in the same period of 2023, representing a decline of approximately 5.4%[14] - Basic earnings per share for the three months ended September 30, 2024, were $0.31, down from $0.38 in the same quarter of 2023[32] - Diluted earnings per share for the three months ended September 30, 2024, were $0.31, compared to $0.38 in the same period of 2023[32] - The total other comprehensive income for the three months ended September 30, 2024, was $38,392 thousand, a decrease of $(8,062) thousand from the same period in 2023[26] - The total other comprehensive income for the nine months ended September 30, 2024, was $36,291 thousand, a decrease of $(7,621) thousand compared to the same period in 2023[25] Shareholder Equity and Dividends - Cash dividends declared were $0.385 per share, totaling $39.371 million, compared to $0.370 per share and $38.050 million in the previous year[11] - Total shareholders' equity increased to $1.409 billion as of September 30, 2024, up from $1.314 billion at the end of 2023, reflecting a growth of approximately 7.2%[10] Credit Losses and Provisions - The provision for credit losses was $22.680 million for the third quarter of 2024, compared to $16.678 million in the same quarter of 2023, indicating an increase of approximately 36.0%[14] - The Day 1 provision for credit losses on non-PCD loans was recorded at $10.653 million, reflecting the company's assessment of credit risk at acquisition[22] - The allowance for credit losses is calculated using a discounted cash flow methodology, with a forecasted national unemployment rate averaging 4.87% during the one-year forecast period[73] - The total allowance for credit losses was determined using a loss given default and probability of default methodology, with no reserve required for unfunded commitments related to nonperforming loans[107] Loans and Leases - Total loans and leases amounted to $8,965.5 million as of September 30, 2024, slightly down from $8,968.8 million as of December 31, 2023[67] - The commercial, financial, agricultural, and other loans category increased to $1,629.5 million from $1,543.3 million[67] - Residential real estate loans decreased to $2,374.4 million from $2,416.9 million[67] - Total loans and leases decreased to $802,478 thousand in 2023 from $1,322,394 thousand in 2022, representing a decline of approximately 39.2%[82] - The company reported a decrease in origination year loans from $122,043 in 2023 to $106,373 in 2024, indicating a decline of approximately 12.5%[78] Deposits and Cash Management - The company reported a net increase in deposits of $553.269 million for the third quarter of 2024, compared to $479.307 million in the same period of 2023, reflecting an increase of approximately 15.4%[14] - Cash and cash equivalents at September 30, 2024, were $582.309 million, a significant increase from $337.070 million at the same date in 2023, representing a growth of approximately 72.6%[14] - The liability recorded for unused commitments and letters of credit was $4.1 million as of September 30, 2024, down from $7.3 million as of December 31, 2023[37] Securities and Investments - The estimated fair value of securities available for sale was $1,140,800 thousand as of September 30, 2024, compared to $1,020,986 thousand on December 31, 2023, reflecting an increase of 11.7%[40] - The company recorded a net loss of $5,447 thousand from sales of securities for the nine months ended September 30, 2024, compared to a loss of $103 thousand in 2023[45] - The total gross unrealized losses for all securities as of September 30, 2024, were $160.6 million, with a total estimated fair value of $892.2 million[61] Acquisition Details - First Commonwealth Financial Corporation reported a total consideration paid of $141.356 million for the acquisition, which included 9,688,478 shares issued to shareholders valued at $14.59 per share[16] - The fair value of total assets acquired from Centric was $1,035.757 million, with loans accounting for $923.555 million of this total[16] - The company recorded goodwill of $60.387 million, representing the excess of consideration paid over the fair value of identifiable net assets acquired[17] Nonperforming Loans and Credit Quality - Nonperforming loans were assessed based on the present value of expected future cash flows, with no nonperforming loans held for sale as of September 30, 2024[99] - The company has identified potential weaknesses in certain loan categories that may require management's close attention[74] - The aging analysis of past due loans indicates a focus on loans that are 90 days or more past due but still accruing due to being well-secured[90] Interest Income and Noninterest Income - The total interest income recognized for the nine months ended September 30, 2023, was $44,667 thousand, compared to $48,899 thousand for the same period in 2024, showing a decline of approximately 8.3%[103] - Total noninterest income for Q3 2024 was $24,698,000, slightly down from $24,826,000 in Q3 2023, a decrease of 0.5%[209] - Card-related interchange income decreased to $4,137,000 in Q3 2024 from $7,221,000 in Q3 2023, a decline of 42.5%[209] Risk Management and Future Outlook - The company continues to monitor the collectability of loans and adjusts its allowance for credit losses accordingly[99] - Future outlook includes continued efforts in market expansion and potential new product offerings to enhance revenue streams[82] - The company has allocated substantial resources to manage credit risk, which is critical for maintaining earnings, capital, and liquidity[88]

More than a year and a half ago, I first wrote an article about fuboTV Inc (NYSE: FUBO ) and now I want to see how my thesis has evolved and update itMy primary area of concentration will be on identifying companies of exceptional caliber, with a proven ability to reinvest capital for impressive returns. Targeting those with a market capitalization of less than $10 billion, affords ample opportunities for growth. The ideal scenario is for these companies to demonstrate a long-term capability of capital comp ...

er Commonwealth. · · 后 nmonwealth. 3Q 2024 Earnings Release Webcast Presentation October 30, 2024 【Ca onwealth 2 FORWARD-LOOKING STATEMENTS Certain statements contained in this release that are not historical facts may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and are intended to be covered by the safe harbor provisions of the Private Securities ...