SUN VALLEY, Calif., Feb. 3, 2025 /PRNewswire/ -- Mission Valley Bancorp (OTCQX: MVLY, "Mission Valley", or the "Company") announced today net income of $1.1 million, or $0.34 per share, for the fourth quarter of 2024, compared to a net loss of $0.2 million, or $0.07 per diluted share, for the fourth quarter of 2023. Net income for the year ended December 31, 2024 was $6.2 million, or $1.87 per diluted share, compared to net income of $7.4 million, or $2.22 per diluted share, for the year ended December 31, ...

GOUVERNEUR, N.Y., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Gouverneur Bancorp, Inc. (OTCQB Marketplace: GOVB) (the “Company”), the holding company for Gouverneur Savings and Loan Association, announced today that the two leading proxy advisory firms, Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), have both recommended that Company stockholders vote “FOR” the Gouverneur Bancorp, Inc. 2025 Equity Incentive Plan at the Company’s annual meeting of stockholders to be held on Feb ...

Fourth quarter results include EPS of $0.69, deposit growth, commercial loan growth, a gain on the sale of its insurance agency, and strong contributions from new and established Pathfinder Bank teams across Central New York OSWEGO, N.Y., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the fourth quarter and year ended December 31, 2024. The holding company for Pathfinder Bank (“the Bank”) earned net income attri ...

Timberland Bancorp, Inc. (NASDAQ: TSBK ) is a small regional/local bank based in Washington State . The balance sheet contains less than $2B in assets, but the small size of the bank also means it can keepHe is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital gains and dividend income fo ...

IRVINE, Calif., Jan. 31, 2025 /PRNewswire/ -- CW Bancorp (OTCQX: CWBK), the parent company ("the Company") of CommerceWest Bank (the "Bank") reported consolidated net income for the fourth quarter of 2024 of $3,940,000 or $1.30 per diluted share as compared to $3,545,000 or $1.13 per diluted share for the fourth quarter of 2023, an EPS increase of 16%.  The consolidated net income for the twelve months ended December 31, 2024 was $13,148,000 or $4.30 per diluted share as compared to $17,611,000 or $5.39 per ...

Core Insights - The Bancorp reported revenue of $148.57 million for Q4 2024, a year-over-year increase of 24.7% [1] - The earnings per share (EPS) for the same period was $1.15, up from $0.95 a year ago, representing a surprise of +1.77% over the consensus estimate of $1.13 [1] - The reported revenue exceeded the Zacks Consensus Estimate by +12.76% [1] Financial Performance Metrics - Efficiency Ratio stood at 40%, slightly better than the average estimate of 40.6% from two analysts [4] - Net Interest Margin was reported at 4.6%, below the estimated 4.8% [4] - Average Interest-Earning Assets were $8.29 billion, surpassing the estimated $8.01 billion [4] - Total Non-Interest Income reached $54.27 million, significantly higher than the estimated $35.72 million [4] - Net Interest Income was $94.30 million, slightly below the average estimate of $96.10 million [4] Stock Performance - Shares of The Bancorp have returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - The Bancorp (TBBK) reported quarterly earnings of $1.15 per share, exceeding the Zacks Consensus Estimate of $1.13 per share, and showing an increase from $0.95 per share a year ago, indicating a positive earnings surprise of 1.77% [1] Financial Performance - The Bancorp posted revenues of $148.57 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 12.76%, compared to $119.15 million in the same quarter last year [2] - Over the last four quarters, the company has only surpassed consensus EPS estimates once [2] Stock Performance - The Bancorp shares have increased approximately 5.2% since the beginning of the year, outperforming the S&P 500's gain of 2.7% [3] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.20 on revenues of $136.78 million, and for the current fiscal year, it is $5.29 on revenues of $575.86 million [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 6% of over 250 Zacks industries, indicating a favorable environment for the sector [8]

Core Points - Riverview Bancorp reported earnings of $1.2 million, or $0.06 per diluted share, for the third fiscal quarter ended December 31, 2024, a decrease from $1.6 million, or $0.07 per diluted share, in the previous quarter and $1.5 million, or $0.07 per diluted share, in the same quarter last year [1][2] - For the first nine months of fiscal 2025, net income was $3.8 million, or $0.18 per diluted share, compared to $6.8 million, or $0.32 per diluted share, in the same period of fiscal 2024 [2] Income Statement Review - Net interest income for the current quarter was $9.4 million, up from $8.9 million in the preceding quarter and $9.3 million in the same quarter last year [5][8] - The net interest margin (NIM) improved to 2.60% for the third quarter, a 14 basis point increase from the previous quarter and an 11 basis point increase from the same quarter last year [6][8] - Non-interest income was $3.3 million during the third fiscal quarter, down from $3.8 million in the preceding quarter but up from $3.1 million in the same quarter last year [11] Balance Sheet Review - Total loans decreased by $15.9 million to $1.05 billion at December 31, 2024, compared to $1.06 billion three months earlier, but increased by $26.9 million compared to a year earlier [15] - Total deposits decreased by $18.5 million to $1.22 billion at December 31, 2024, compared to $1.24 billion at September 30, 2024, and remained unchanged compared to a year ago [18] - Shareholders' equity was $158.3 million at December 31, 2024, down from $160.8 million three months earlier but nearly unchanged from $158.5 million a year earlier [20] Credit Quality - Non-performing loans totaled $168,000, or 0.02% of total loans, as of December 31, 2024, compared to $149,000, or 0.01% of total loans at September 30, 2024 [21] - Riverview recorded $114,000 in net loan charge-offs for the current quarter, compared to $2,000 in net loan recoveries for the preceding quarter [22] Capital/Liquidity - Riverview maintained a total risk-based capital ratio of 16.47% and a Tier 1 leverage ratio of 10.86% at December 31, 2024, well above regulatory requirements [25][26] - The company had approximately $450.1 million in available liquidity at December 31, 2024, including $164.4 million of borrowing capacity from the FHLB [26][27] Stock Repurchase Program - The Board of Directors adopted a stock repurchase program allowing the company to repurchase up to $2.0 million of its outstanding shares, with 200,073 shares repurchased at an average price of $5.43 during the third quarter [28]

Core Insights - S&T Bancorp, Inc. reported a net income of $33.1 million for Q4 2024, an increase from $32.6 million in Q3 2024 but a decrease from $37.0 million in Q4 2023 [1][2] - For the full year 2024, net income was $131.3 million, down from $144.8 million in 2023, with earnings per diluted share (EPS) at $3.41 compared to $3.74 in 2023 [2][13] Fourth Quarter 2024 Highlights - Net interest income for Q4 2024 was $83.3 million, a slight decrease from $84.5 million in Q3 2024, attributed to lower interest income on loans due to declining interest rates [6] - The net interest margin (NIM) on a fully taxable equivalent basis (FTE) was 3.77%, down from 3.82% in the previous quarter [7] - Total portfolio loans increased by $53.9 million, or 2.79% annualized, while total deposits rose by $128.3 million [7][11] - Nonperforming assets remained low at $27.9 million, or 0.36% of total loans plus other real estate owned (OREO) [9] Full Year 2024 Highlights - Total interest income for 2024 was $515.9 million, while total interest expense increased to $181.1 million, resulting in a net interest income of $334.8 million [14][29] - Noninterest income decreased to $49.1 million from $57.6 million in 2023, primarily due to realized losses from repositioning securities [15] - Noninterest expense increased to $218.9 million, driven by higher salaries and employee benefits [16][29] - The provision for credit losses was only $0.1 million compared to $17.9 million in 2023, indicating significant improvement in asset quality [18] Financial Condition - Total assets as of December 31, 2024, were $9.7 billion, up from $9.6 billion at the end of Q3 2024 [11] - The allowance for credit losses was $101.5 million, or 1.31% of total portfolio loans, down from 1.41% at the end of 2023 [18][30] - S&T maintained a strong regulatory capital position with all capital ratios above the well-capitalized thresholds [12] Dividend Information - The Board of Directors approved a cash dividend of $0.34 per share, an increase of 3.03% from the previous year [19]

Core Points - S&T Bancorp, Inc. has approved a cash dividend of $0.34 per share, marking an increase of $0.01 or 3.03% from the previous year's dividend of $0.33 [1] - The annualized yield based on the closing price of $38.16 on January 28, 2025, is 3.56% [1] - The dividend will be payable on February 27, 2025, to shareholders of record on February 13, 2025 [1] Company Overview - S&T Bancorp, Inc. is a bank holding company with total assets of $9.6 billion, headquartered in Indiana, Pennsylvania, and trades on NASDAQ under the symbol STBA [2] - The principal subsidiary, S&T Bank, was established in 1902 and operates in Pennsylvania and Ohio [2]