2024 First Quarter Highlights compared with 2023 Fourth Quarter: ___________________________________________________________ (1) Annualized.(2) Includes loans held for sale.(3) Includes special mention, substandard, doubtful, and loss categories. April 25, 2024 04:45 PM Eastern Daylight Time LOS ANGELES–(BUSINESS WIRE)–OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding…
Financial Performance: Financial Position and Operations: Dividend Declaration: CEO Statement: Heath Fountain, Chief Executive Officer, expressed satisfaction with the improved operating results for Q1, highlighting the continued enhancement in complementary lines of business contributing to increased noninterest income. Despite a…
Independent Bank Corp. (Nasdaq Global Select Market: INDB), the parent company of Rockland Trust Company, has announced a first quarter net income of $47.8 million for 2024, equivalent to $1.12 per diluted share. This compares to a net income of…
Robust Commercial Bank Franchise Demonstrates Resilience Amid Challenging Macroeconomic Climate Metropolitan Bank Holding Corp. showcased its steadfastness in a challenging macroeconomic landscape, emphasizing a strong commercial bank franchise. The company’s investment in core banking digital transformation is currently underway, positioning…
Matera, a leading provider of world-class instant payments, QR code, and digital ledger technology, has unveiled its quarterly report on the adoption of Brazil’s highly successful Pix instant payments scheme. The latest Pix by the Numbers report, encompassing data through…
Intercontinental Exchange, Inc. (ICE), a global leader in technology and data services, has reported record-breaking activity in its natural gas futures and options markets. The company announced a significant increase in open interest (OI) across its global natural gas futures…
In March, New South Wales experienced a notable upswing in spending, rising by 2%, surpassing the national average. Western Australia maintained its position as the strongest state with a year-to-March increase of 4.3%, while the Northern Territory recorded the weakest…
Customers Bank, the $22 billion asset subsidiary of Customers Bancorp (NYSE:CUBI), has recently brought on board 10 seasoned commercial and business banking teams across New York, California, and Nevada. This strategic hiring initiative aims to bolster the Bank’s potential for…
Bank of Marin Bancorp (Nasdaq: BMRC) will present its first quarter earnings call via webcast on Monday, April 29, 2024, at 8:30 a.m. PT/11:30 a.m. ET. All interested parties are invited to listen to President and Chief Executive Officer Tim…
Allianz Life Study Reveals Inflation Challenges for Americans’ Financial Futures, Despite Optimism for Subsiding Rates Key Insights: Allianz Life’s Study Highlights Americans’ Financial Struggles Amid Ongoing Inflation According to the 2024 Q1 Quarterly Market Perceptions Study from Allianz Life Insurance…
U.S. retail bank customers are increasingly losing confidence in their banks, raising concerns about customer attrition. According to the latest J.D. Power 2024 U.S. Retail Banking Satisfaction StudySM, released today, consumer trust in retail banks has experienced a significant decline…
MUFG today announced that it has decided to introduce a share-based compensation plan using the ESOP[1] trust structure as a stock incentive plan (the “Plan”) for employees in management positions who satisfy certain requirements (the “Eligible Employees”) at three MUFG subsidiaries…
