Feed aggregator

Cross River Launches Service to Access FDIC Insurance Coverage on Large Deposits through API-Enabled Automated Sweeps Using the IntraFi Cash Service®

Lastest from Businesswire - Thu, 01/23/2025 - 09:32
FORT LEE, N.J.--(BUSINESS WIRE)--Cross River Bank (“Cross River”), a technology infrastructure provider that offers embedded financial solutions, announced the launch of its automated sweep feature using the IntraFi Cash Service. The capability will enable Cross River’s Banking-as-a-Service (BaaS) clients to access millions in aggregate FDIC insurance coverage across network banks for their end customers, providing a seamless, automated solution for managing large deposits.1 Through a unique AP

Securian Financial Announces Chief Financial Officer Transition

Lastest from Businesswire - Thu, 01/23/2025 - 09:32
ST. PAUL, Minn.--(BUSINESS WIRE)--Securian Financial announced today that Warren Zaccaro, executive vice president and chief financial officer (CFO), will retire on July 1, 2025, after 20 years of dedicated service to the company. To ensure a seamless transition, Pete Berlute, previously senior vice president of Affinity Solutions, was named senior vice president of Finance, effective January 1, 2025, reporting to Zaccaro. Berlute will succeed Zaccaro as CFO on June 1, 2025, reporting to Chris

NMI Partners with Biller Genie to Launch Bill Connect, Simplifying Payments and Streamlining Accounting for Small to Medium-Sized Businesses

Lastest from Businesswire - Thu, 01/23/2025 - 09:32
SCHAUMBURG, Ill.--(BUSINESS WIRE)--NMI®, a global leader in embedded payments infrastructure, announces Bill Connect, a new extension for use with the NMI Payment Gateway, powered by Biller Genie®. Designed to integrate seamlessly with popular accounting software such as QuickBooks® Online, QuickBooks Desktop, and Xero®, Bill Connect simplifies billing and payment acceptance, offering small and medium-sized businesses (SMBs) an easier way to manage their accounts receivable while accelerating p

Pacific Alliance Bank Declares Cash Dividend of $0.10 per Share

Lastest from Businesswire - Thu, 01/23/2025 - 09:32
SAN GABRIEL, Calif.--(BUSINESS WIRE)--Pacific Alliance Bank (OTC: PFBN) today announced that the Board of Directors declared a cash dividend on its common stock of $0.10 per share. The dividend will be paid on February 24, 2025, to stockholders of record as of the close of business on February 10, 2025. About Pacific Alliance Bank Pacific Alliance Bank is a full-service FDIC insured community bank, headquartered at 641 W. Las Tunas Drive, San Gabriel, California 91776. The Bank has additional f

Proofpoint and Ingram Micro Team to Radically Simplify and Accelerate Sales Cycles for Partners

Lastest from Businesswire - Thu, 01/23/2025 - 09:32
SUNNYVALE, Calif.--(BUSINESS WIRE)--Proofpoint Inc., a leading cybersecurity and compliance company, today announced an expanded go-to-market relationship with Ingram Micro (NYSE: INGM) that will redefine the way partners and resellers scale their business. Channel partners can now deliver Proofpoint’s award-winning human-centric security solutions at scale through Ingram Micro's Xvantage™ digital experience platform, accelerating their sales cycles to rapidly provide their small and medium-siz

TriCo Bancshares Reports Fourth Quarter 2024 Net Income of $29.0 Million, Diluted EPS of $0.88

Lastest from Businesswire - Thu, 01/23/2025 - 06:32
CHICO, Calif.--(BUSINESS WIRE)---- $TCBK #CommunityBank--TriCo Bancshares (NASDAQ: TCBK): Executive Commentary: “With the close of 2024 representing nearly 50 years of strong and steady value delivery to our stakeholders, we remain focused on our path forward. The next several years may bring a number of changes to the financial services industry and to Tri Counties Bank; however, we believe that these changes will likely create significant opportunity for us to further differentiate and elevate our performance," said

WNS Announces Fiscal 2025 Third Quarter Earnings, Revises Full Year Guidance

Lastest from Businesswire - Thu, 01/23/2025 - 06:32
NEW YORK & LONDON & MUMBAI, India--(BUSINESS WIRE)---- $WNS #AI--WNS (Holdings) Limited today announced results for the fiscal 2025 third quarter ended December 31, 2024.

Blue Point-Backed National OnDemand Signals Growth with J. Tucker Construction Add-On

Lastest from Businesswire - Thu, 01/23/2025 - 06:32
CHARLOTTE, N.C.--(BUSINESS WIRE)--Blue Point Capital Partners and its portfolio company, National OnDemand (“National”), a leading provider of communication and utility infrastructure services, are excited to announce the acquisition of J. Tucker Construction (“J. Tucker”). The acquisition expands National’s presence in the rapidly growing Texas market, which is facing an increasing demand for fiber and utility infrastructure. Based in Greenville, Texas, J. Tucker has served major telecom and i

Banc of California, Inc. Reports Fourth Quarter Diluted Earnings per Share of $0.28, Reflecting Strong Year-Over-Year Net Interest Margin Expansion and Lower Noninterest Expenses

Lastest from Businesswire - Thu, 01/23/2025 - 06:32
LOS ANGELES--(BUSINESS WIRE)--Banc of California, Inc. (NYSE: BANC): $0.28 Earnings Per Share $17.78 Book Value Per Share   $15.72 Tangible Book Value Per Share(1) 10.55% CET1 Ratio 29.1% Average Noninterest- Bearing Deposits to Average Total Deposits Banc of California, Inc. (NYSE: BANC) (“Banc of California” or the “Company”), the parent company of wholly-owned subsidiary Banc of California (the “Bank”), today reported financial results for the fourth quarter and year ended December 31, 2024.

Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share

Lastest from Businesswire - Thu, 01/23/2025 - 06:32
IRVINE, Calif.--(BUSINESS WIRE)---- $PPBI #PPBI--Pacific Premier Bancorp, Inc. Announces Fourth Quarter 2024 Financial Results and a Quarterly Cash Dividend of $0.33 Per Share

PBCO Financial Corporation Reports Fourth Quarter and Annual 2024 Results

Lastest from Businesswire - Wed, 01/22/2025 - 21:32
MEDFORD, Ore.--(BUSINESS WIRE)--PBCO Financial Corporation (OTCPK: “PBCO”), the holding company (Company) of People’s Bank of Commerce (Bank), today reported net income of $2.7 million and earnings per share of $0.51 for the fourth quarter of 2024, compared to net income of $1.9 million and $0.36 per share for the third quarter of 2024. For the year ended 2024, earnings per share were $1.52 compared to $0.19 in 2023. Highlights Net interest margin of 3.67% which increased by 16 basis points com

Mid Penn Bancorp, Inc. Reports Fourth Quarter and Full Year Earnings Beat and Declares 57th Consecutive Quarterly Dividend

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) ("Mid Penn"), the parent company of Mid Penn Bank (the "Bank") and MPB Financial Services, LLC, today reported net income available to common shareholders ("earnings") for the quarter ended December 31, 2024, of $13.2 million, or $0.72 per diluted common share, compared to net income of $12.1 million, or $0.73 per diluted common share, for the fourth quarter of 2023, and a consensus analyst estimate of $0.71 per diluted comm

Jordan Chiles Submits Additional Briefing in Efforts to Reinstate Bronze Medal

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
LOS ANGELES--(BUSINESS WIRE)--Gibson Dunn, along with its co-counsel Homburger AG, recently submitted two additional briefs in the Federal Supreme Court of Switzerland in response to arguments presented by the Romanian Gymnastics Federation, the International Gymnastics Federation (“FIG”), and the Court of Arbitration for Sport (“CAS”). These filings are a part of the continued efforts to ensure that Chiles’s bronze medal in the floor exercise at the 2024 Olympic Games is rightfully restored. C

Northern Trust Declares Quarterly Dividends on Common and Preferred Stock

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
CHICAGO--(BUSINESS WIRE)--Northern Trust Corporation (Nasdaq: NTRS), holding company of The Northern Trust Company, has declared a quarterly cash dividend of $0.75 per share on its common stock ($1.66-2/3 par value), payable on April 1, 2025, to holders of record at 5:00 p.m., Chicago time, on March 14, 2025. Northern Trust Corporation also declared cash dividends of $2,300 per share of its Series D non-cumulative perpetual preferred stock (resulting in a distribution of $23.00 per depositary s

PFD, PFO, FFC, FLC and DFP Announce February, March and April Dividends

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
PASADENA, Calif.--(BUSINESS WIRE)--The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have d

Redwood Credit Union Commemorates 75th Anniversary with Yearlong Celebration

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
SANTA ROSA, Calif.--(BUSINESS WIRE)-- #redwoodcreditunion--Redwood Credit Union Commemorates 75th Anniversary with Yearlong Celebration

Rosen Law Firm Urges FTAI Aviation Ltd. (NASDAQ: FTAI) Stockholders with Large Losses to Contact the Firm for Information About Their Rights

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces that a shareholder filed a class action on behalf of all purchasers of common stock of FTAI Aviation Ltd. (NASDAQ: FTAI) between July 23, 2024, and January 15, 2025. FTAI describes itself as a “leading integrated full-service provider of aftermarket power and maintenance for the most widely-used commercial jet engines.” For more information, submit a form, email attorney Phillip Kim, or give us a call at 866

Northern Trust Names Robert Moritz, Richard Petrino to Board of Directors

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
CHICAGO--(BUSINESS WIRE)--Northern Trust (Nasdaq: NTRS) announced today the appointments of Robert (Bob) Moritz and Richard (Rick) Petrino to its board of directors. Moritz, the former global chairman of PricewaterhouseCoopers (PwC), will join the Northern Trust Board of Directors effective March 1, 2025. Petrino, a former American Express Company executive, joins effective immediately. “I am pleased to welcome Bob and Rick to the Northern Trust Board of Directors,” Chairman and Chief Executive

Amerant Reports Fourth Quarter 2024 and Full-year 2024 Results

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (the “Company” or “Amerant”) today reported a net income attributable to the Company of $16.9 million in the fourth quarter of 2024, or $0.40 per diluted share, compared to a net loss of $48.2 million, or $1.43 loss per diluted share, in the third quarter of 2024. Net loss attributable to the Company was $15.8 million for the full-year 2024, or $0.44 per diluted share, compared to net income of $32.5 million, or $0.96 per di

First Internet Bancorp Reports Fourth Quarter and Full Year 2024 Results

Lastest from Businesswire - Wed, 01/22/2025 - 18:32
FISHERS, Ind.--(BUSINESS WIRE)--First Internet Bancorp (the “Company”) (Nasdaq: INBK), the parent company of First Internet Bank (the “Bank”), announced today financial and operational results for the fourth quarter and full year ended December 31, 2024. Fourth Quarter 2024 Financial Highlights Net income of $7.3 million, an increase of 4.9% from the third quarter of 2024 Diluted earnings per share of $0.83, an increase of 3.8% from the third quarter of 2024 Net interest income of $23.6 million

Pages