INDIANA, Pa., April 24, 2025 /PRNewswire/ -- S&T Bancorp, Inc. (S&T) (NASDAQ: STBA), the holding company for S&T Bank, announced net income of $33.4 million, or $0.87 per diluted share, for the first quarter of 2025 compared to net income of $33.1 million, or $0.86 per diluted share, for the fourth quarter of 2024 and net income of $31.2 million, or $0.81 per diluted share, for the first quarter of 2024.First Quarter of 2025 Highlights: Strong return metrics with return on average assets (ROA) of 1.41%, ret ...

Core Viewpoint - First Bancorp reported strong financial performance for the first quarter of 2025, with significant increases in net income and earnings per share compared to previous quarters, driven by enhanced net interest income and effective expense management [1][5][19]. Financial Performance - Net income for Q1 2025 was $36.4 million, or $0.88 diluted earnings per share (D-EPS), compared to $3.6 million ($0.08 D-EPS) in Q4 2024 and $25.3 million ($0.61 D-EPS) in Q1 2024 [1]. - Adjusted net income increased to $34.9 million in Q1 2025 from $31.7 million in Q4 2024 and $25.3 million in Q1 2024 [6][19]. Net Interest Income and Margin - Net interest income reached $92.9 million in Q1 2025, up 4.5% from $88.8 million in Q4 2024 and 17.2% from $79.3 million in Q1 2024 [2][8]. - The tax-equivalent net interest margin (NIM-T/E) expanded to 3.27% in Q1 2025 from 3.08% in Q4 2024 and 2.80% in Q1 2024 [2][6]. Expense Management - Noninterest expenses decreased to $57.9 million in Q1 2025 from $58.3 million in Q4 2024 and $59.2 million in Q1 2024, reflecting effective cost control measures [3][20]. - The reduction in expenses was driven by decreases in bankcard and personnel expenses [20][21]. Credit Quality - The nonperforming assets (NPA) to total assets ratio was 0.27% as of March 31, 2025, down from 0.30% in both Q4 2024 and Q1 2024, indicating strong asset quality [17][18]. - Net charge-offs for Q1 2025 were $3.3 million, representing an annualized 0.17% of average loans [7][17]. Loan and Deposit Growth - Total loans amounted to $8.1 billion at March 31, 2025, reflecting a growth of $8.4 million (0.42%) from Q4 2024 and $26.5 million (0.33%) from Q1 2024 [14][25]. - Total deposits increased to $10.7 billion, up $214.1 million (8.2%) from Q4 2024 and $441.3 million (4.3%) from Q1 2024 [28]. Capital and Liquidity - The estimated total risk-based capital ratio was 16.79% as of March 31, 2025, an increase from 16.63% in Q4 2024 and 15.85% in Q1 2024, indicating strong capital position [30][32]. - The on-balance sheet liquidity ratio was 19.8% at March 31, 2025, with total liquidity ratio reaching 36.4% [34][33].

Completion of Merger Expected to Take Place in Late July 2025 COLUMBUS, Ohio, April 23, 2025 /PRNewswire/ -- Northwest Bancshares, Inc. ("Northwest")  (Nasdaq: NWBI) today announced that it has received all regulatory and shareholder approvals required to complete the previously announced merger of Penns Woods Bancorp, Inc. ("Penns Woods") (Nasdaq: PWOD) with and into Northwest and the merger of Penns Woods' wholly-owned subsidiary banks, Jersey Shore State Bank and Luzerne Bank each with and into Northwest ...

NEW YORK, April 23, 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 ...

Shares of East West Bancorp, Inc. (EWBC) rose 3.5% in the after-market trading session on better-than-expected quarterly results. Its first-quarter 2025 adjusted earnings per share (EPS) of $2.09 beat the Zacks Consensus Estimate of $2.05. Moreover, the bottom line increased marginally from the prior-year quarter’s level.The results were primarily aided by an increase in net interest income (NII) and non-interest income. Also, loan balances increased sequentially in the quarter. However, higher provisions a ...

NEEDHAM, Mass., April 22, 2025 /PRNewswire/ -- NB Bancorp, Inc. (the "Company") (Nasdaq Capital Market: NBBK), the holding company of Needham Bank (the "Bank"), today announced its first quarter 2025 financial results. The Company reported net income of $12.7 million, or $0.33 per diluted common share, compared to net income of $15.6 million, or $0.40 per diluted common share, for the prior quarter. Operating net income, excluding one-time charges, amounted to $13.7 million, or $0.35 per diluted common shar ...

SAN FRANCISCO, April 21, 2025 (GLOBE NEWSWIRE) -- On April 7, 2025, The Bancorp, Inc. (NASDAQ: TBBK) belatedly filed its amended annual report, in which it disclosed previously omitted crucial information to investors, escalating investor concerns already inflamed by asset quality matters alleged in a securities class action suit. The suit, captioned Linden v. The Bancorp, Inc., et al., No. 1:25-cv-00326-JLH (D. Del.), seeks to represent investors who purchased Bancorp securities between January 25, 2024, a ...

NEW YORK, April 21, 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 ...

Zions Bancorporation, National Association ZION will release earnings results for the first quarter, after the closing bell on Monday, April 21.Analysts expect the Salt Lake City, Utah-based company to report quarterly earnings at $1.18 per share, up from 96 cents per share in the year-ago period. Zions Bancorporation projects to report quarterly revenue at $794.82 million, compared to $752 million a year earlier, according to data from Benzinga Pro.On Jan. 21, Zions Bancorp posted better-than-expected four ...

Core Viewpoint - A securities class action lawsuit has been filed against The Bancorp, Inc. for allegedly misleading investors regarding the risks associated with its real estate bridge loans portfolio and financial reporting practices [1][3]. Group 1: Lawsuit Details - The lawsuit was filed in the United States District Court for the District of Delaware on behalf of investors who acquired Bancorp securities between January 25, 2024, and March 4, 2025 [1]. - The deadline for investors to seek lead plaintiff status is May 16, 2025 [4]. Group 2: Allegations Against Bancorp - The complaint alleges that Bancorp underrepresented the risk of default on its real estate bridge loans portfolio [3]. - It claims that Bancorp's credit loss methodology was inadequate, leading to a likely increase in provisions for credit losses [3]. - The lawsuit also states that there were material weaknesses in Bancorp's internal controls over financial reporting and that its financial statements lacked independent auditor approval [3]. - As a result of these issues, the positive statements made by Bancorp regarding its business and prospects were deemed materially misleading [3]. Group 3: Legal Representation - Investors can choose to be represented by Kessler Topaz Meltzer & Check, LLP or other counsel, or remain absent from the class [4]. - The lead plaintiff will represent the interests of all class members and select counsel for the case [4]. Group 4: Firm Background - Kessler Topaz Meltzer & Check, LLP has a reputation for prosecuting class actions and has recovered billions for victims of corporate misconduct [5].