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INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Amerant Bancorp Inc. - AMTB
GlobeNewswire News Room· 2025-04-29 20:55
Core Viewpoint - Pomerantz LLP is investigating potential securities fraud or unlawful business practices involving Amerant Bancorp Inc. and its officers or directors, following disappointing financial results for Q1 2025 that led to a significant drop in stock price [1][3]. Financial Performance - Amerant Bancorp reported GAAP earnings per share of $0.28 for Q1 2025, which was $0.12 below consensus estimates [3]. - The company's loans remained relatively flat quarter over quarter due to increased payoffs and paydowns offsetting new production [3]. - Following the earnings announcement, Amerant's stock price decreased by $2.55, or 13.09%, closing at $16.93 per share on April 24, 2025 [3].
Glacier Bancorp: A Subdued Q1 2025, But I Remain Optimistic
Seeking Alpha· 2025-04-29 19:37
Glacier Bancorp (NYSE: GBCI ) is a company operating in the banking sector, mainly in Montana and Idaho. In these two areas, GBCI accounts for about half of its total loans and has a good competitive advantage in terms of deposit marketHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public ...
The Bancorp, Inc. Investors: Please contact the Portnoy Law Firm to recover your losses. May 16, 2025 Deadline to file Lead Plaintiff Motion
GlobeNewswire News Room· 2025-04-28 22:52
Core Viewpoint - The Bancorp, Inc. is facing a class action lawsuit due to allegations of misrepresentation regarding the risks associated with its real estate bridge loans, leading to significant stock price declines and investor losses [1][3][7]. Group 1: Allegations and Financial Impact - Culper Research released a report on March 21, 2024, claiming that Bancorp understated risks of default and losses related to its real estate bridge loans, highlighting a portfolio filled with high-risk borrowers and properties in poor condition [3]. - Following the report, Bancorp's stock price dropped by $3.63 (10.15%) to close at $32.12 per share on March 21, 2024, amid heavy trading [4]. - On October 24, 2024, Bancorp reported Q3 2024 earnings of $51.5 million in net income, but attributed part of this to adjustments in credit loss provisions, which reduced net income by $1.5 million after taxes [5]. - The stock price fell by $7.95 (14.47%) to $47.01 per share on October 25, 2024, following the earnings report [6]. Group 2: Regulatory and Financial Reporting Issues - On March 4, 2025, Bancorp announced that its financial statements for 2022-2024 "should no longer be relied upon," indicating issues with auditor approval and the need for an internal review of loan accounting [7]. - The stock price declined by $2.34 (4.38%) to close at $51.25 per share on March 5, 2025, after this announcement [8].
Farmers & Merchants Bancorp, Inc. Reports 2025 First-Quarter Financial Results
GlobeNewswire News Room· 2025-04-28 21:49
Core Viewpoint - Farmers & Merchants Bancorp, Inc. reported strong financial results for the first quarter of 2025, highlighting improved profitability, revenue growth, and operational efficiency, driven by strategic priorities and effective execution by the team [2][11]. Financial Performance - Net income for Q1 2025 was $7.0 million, a 29.7% increase from $5.4 million in Q1 2024, with earnings per share rising to $0.51 from $0.39 [3][21]. - Total revenue increased by 16.7% year-over-year, while noninterest expense rose by 5.2%, leading to a 49.6% increase in pre-tax, pre-provision income [2][7]. Asset and Deposit Growth - Total deposits reached $2.70 billion, reflecting a 3.0% increase from $2.62 billion a year earlier [4][19]. - The company successfully optimized its deposit base, with a year-over-year decline of $19.5 million in more expensive time-account balances, while core deposits grew by $78.9 million [5][11]. Loan Portfolio and Quality - Total loans increased by 1.6% year-over-year to $2.58 billion, driven by growth in agricultural, commercial, and industrial loans [6][21]. - Nonperforming loans represented only 0.17% of total loans, maintaining strong asset quality [7][22]. Efficiency and Ratios - The net interest margin improved by 43 basis points year-over-year to 3.03%, with a cost of interest-bearing liabilities decreasing to 2.76% from 3.06% [2][21]. - The efficiency ratio improved to 66.79%, down from 74.08% in the previous year [7][21]. Stockholders' Equity and Dividends - Total stockholders' equity increased by 8.5% to $344.6 million, with a tangible book value per share of $19.17 [11][12]. - The company declared cash dividends of $0.22125 per share, a 0.6% increase from the same period last year, with a dividend payout ratio of 43.10% [13][21].
Capital Bancorp, Inc. Announces Strong First Quarter Results and Successful IFH Conversion; Continued Strong Organic Loan and Deposit Growth; NIM and Fee Income Drives Robust Returns
GlobeNewswire News Room· 2025-04-28 21:21
First Quarter 2025 Highlights Net Income of $13.9 million, or $0.82 per share, and return on average assets ("ROA") of 1.75% Core net income(1) of $14.9 million, or $0.88 per share, and core ROA(1) of 1.87% Book value per common share of $22.19 at March 31, 2025, increased $0.87 compared to 4Q 2024, and increased $3.51 when compared to 1Q 2024. Tangible Book Value Per Share(1) of $19.81, increased 3.7% (not annualized), or $0.71(2) as compared to 4Q 2024, and increased 6.0%, or $1.13 compared to 1Q 2024 Ret ...
Mission Bancorp Announces Extension of Stock Repurchase Plan and Declares 5.00% Annual Stock Dividend
Prnewswire· 2025-04-28 21:13
BAKERSFIELD, Calif., April 28, 2025 /PRNewswire/ -- Mission Bancorp (OTC Pink: MSBC), announced today that its Board of Directors has extended its stock repurchase plan and approved a 5.00% stock dividend."The approval of this annual stock dividend is a result of our Company's hard work and determination during a year of uncertainty. Our deposit growth in 2024 set us apart from the rest, and I look forward to what we will accomplish in 2025," said President and Chief Executive Officer, AJ Antongiovanni. "We ...
Old National Bancorp: AOCI Remains A Cause For Concern
Seeking Alpha· 2025-04-28 20:25
My last article on Old National Bancorp (NASDAQ: ONB ) was about a year ago, and I highlighted the quality of its deposits but also the unrealized losses that limited its upside. Loans struggled to grow on a quarterly basis, and the sameHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my publi ...
Merchants Bancorp Reports First Quarter 2025 Results
Prnewswire· 2025-04-28 20:05
First quarter 2025 net income of $58.2 million, decreased $28.8 million compared to first quarter of 2024 and decreased $37.4 million compared to the fourth quarter 2024, reflecting market uncertainty that delayed origination closings and permanent loan conversions in a growing pipeline, which negatively impacted the recognition of gain on sale and net interest margin. The decrease in net income was also impacted by unfavorable fair market value adjustments to servicing rights and derivatives compared to p ...
First Financial Bancorp: Well-Positioned, Attractive Yield
Seeking Alpha· 2025-04-28 17:36
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TBBK SHAREHOLDER REVIEW: The Bancorp, Inc. (NASDAQ:TBBK) was Sued for Fraud after 28% Stock Drop – Investors are Urged to Contact BFA Law
GlobeNewswire News Room· 2025-04-27 12:17
NEW YORK, April 27, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against The Bancorp, Inc. (NASDAQ: TBBK) and certain of the Company’s senior executives for potential violations of the federal securities laws. If you invested in Bancorp, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/the-bancorp-inc. Investors have until May 16, 2025, to ask the Court to be appointed to lea ...