News
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South Atlantic Bancshares Q4 Net Interest Income USD 14.8 Million
Jan 22 (Reuters) - South Atlantic Bancshares Inc SABK.PK:SOUTH ATLANTIC BANCSHARES Q4 NET INTEREST INCOME USD 14.8 MILLIONSOUTH ATLANTIC BANCSHARES Q4 NET INCOME USD 4.8 MILLIONSOUTH ATLANTIC BANCSHARES Q4 EPS USD 0.62SOUTH ATLANTIC BANCSHARES INC - RECORDED PROVISION FOR CREDIT LOSSES OF $600 THOUS...Reuters
Thu, Jan 22
Burke & Herbert Financial Services Corp. Announces Fourth Quarter And Full Year 2025 Results
Jan 22 (Reuters) - Burke & Herbert Financial Services Corp BHRB.O:BURKE & HERBERT FINANCIAL SERVICES CORP. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 RESULTS AND DECLARES COMMON STOCK DIVIDENDReuters
Thu, Jan 22
Customers Bancorp Q4 net income reaches $70.1 mln
OverviewBanking company's Q4 net income was $70.1 mln, with EPS at $1.98Total deposits rose by $374 mln in Q4 2025Completed $100 mln subordinated debt issuance and redeemed $85 mln of preferred stockOutlookCustomers Bancorp targets 2026 loan growth of 8% to 12%Company expects 2026 deposit growth...Reuters
Thu, Jan 22
Lulu's Fashion Lounge Holdings Enters Amendment No. 1 To Consulting Project Details No. 2
Jan 22 (Reuters) - Lulu's Fashion Lounge Holdings Inc LVLU.O:LULU'S FASHION LOUNGE HOLDINGS: ENTERS AMENDMENT NO. 1 TO CONSULTING PROJECT DETAILS NO. 2 UNDER MASTER CONSULTING SERVICES AGREEMENT - SEC FILINGLULU'S FASHION LOUNGE HOLDINGS: EXTENSION OF HEIDI CRANE'S TERM AS FRACTIONAL...Reuters
Thu, Jan 22
OceanFirst Financial Q4 adjusted EPS beats estimates, helped by growth in commercial loans
OverviewRegional bank's Q4 adjusted EPS beat analyst expectationsNet income for Q4 decreased compared to the prior yearCompany recently announced merger agreement with Flushing Financial and investment from Warburg PincusOutlookOceanFirst expects merger with Flushing Financial to close in Q2 202...Reuters
Thu, Jan 22
Anteris Announces Strategic Investment From Medtronic To Continue Advancing Tavr In $320 Million Aggregate Capital Raises
Jan 22 (Reuters) - Anteris Technologies Global Corp AVR.O:ANTERIS ANNOUNCES STRATEGIC INVESTMENT FROM MEDTRONIC TO CONTINUE ADVANCING TAVR IN $320 MILLION AGGREGATE CAPITAL RAISESReuters
Thu, Jan 22
USCB Financial Holdings Q4 net income falls
OverviewCommunity bank's Q4 net income fell due to portfolio restructuring and tax liabilitiesOperating EPS for Q4 was consistent with the prior quarterNet interest income rose 14.7% yr/yr in Q4OutlookUSCB aims for enhanced profitability in 2026 through portfolio restructuringUSCB focuses on bal...Reuters
Thu, Jan 22
Sachem Capital Corp Enters Amendment No. 2 To Credit Agreement
Jan 22 (Reuters) - Sachem Capital Corp SACH.A:SACHEM CAPITAL CORP - ENTERS AMENDMENT NO. 2 TO CREDIT AGREEMENT - SEC FILINGSACHEM CAPITAL CORP - AMENDMENT EXTENDS NEEDHAM CREDIT FACILITY MATURITY TO MARCH 2, 2028 - SEC FILINGSACHEM CAPITAL CORP - PROVIDES ADDITIONAL CONDITIONAL EXTENSION TO MARCH 2,...Reuters
Thu, Jan 22
United Bancshares' Q4 net income rises
OverviewUnited Bancshares' Q4 net income rose slightly yr/yr to $3.1 mlnNet interest margin for Q4 increased to 4.03% from 3.39% yr/yrLoan growth of $58.1 mln, up 7.58% from December 31, 2024OutlookUnited Bancshares plans to launch new digital platform in Q2 2026Company expects no cost increase ...Reuters
Thu, Jan 22
National Bankshares Q4 net income up nearly 91% yr/yr
OverviewU.S. community bank's Q4 net income rose nearly 91% yr/yrHigher loan yields and lower deposit costs improved net interest marginCompany expanded with new branches in Roanoke and LynchburgOutlookNational Bankshares aims to enhance customer experience with core systems conversionResult Dri...Reuters
Thu, Jan 22
EXCLUSIVE-Amazon plans thousands more corporate job cuts next week, sources say
By Greg Bensinger SAN FRANCISCO, Jan 22 (Reuters) - Amazon AMZN.O is planning a second round of job cuts next week as part of its broader goal of trimming some 30,000 corporate workers, according to two people familiar with the matter.The company in October cut some 14,000 white collar jobs, abou...Reuters
Thu, Jan 22
Glacier Bancorp Q4 net income rises
OverviewRegional bank's Q4 net income rose 3% yr/yrNet interest income for Q4 increased 18% from prior quarterCompany completed acquisition of Guaranty Bancshares, entering Texas marketOutlookGlacier Bancorp did not provide specific financial guidance for 2026Result DriversNET INTEREST INCOME - ...Reuters
Thu, Jan 22
OP Bancorp Q4 net income rises
OverviewCalifornia bank's Q4 net income rose 5% sequentially, driven by higher net interest incomeProvision for credit losses decreased 61%, reflecting a more favorable economic outlookCompany's noninterest income fell 17% due to lower gains on loan sales and service chargesOutlookCompany di...Reuters
Thu, Jan 22
BayCom Q4 net income rises 12%
OverviewBank holding company's Q4 net income rose 12% yr/yrNet interest income for Q4 increased by $1.6 mln from the prior quarterCompany repurchased 29,111 shares at $27.75 each during Q4OutlookBayCom expects continued demand for lending and stable credit quality in 2026BayCom remains committed...Reuters
Thu, Jan 22
First Western Financial's Q4 net income rises to $3.3 mln
OverviewUS financial services firm's Q4 net income rose to $3.3 mln from $3.2 mln in Q3Net interest income increased 5.6% qtr/qtr to $20.6 mlnCompany's net interest margin rose to 2.71% from 2.54% in Q3OutlookCompany expects solid loan growth and improved financial performance in 2026First W...Reuters
Thu, Jan 22
Cathay General Bancorp Q4 net income rises
OverviewBank holding company's Q4 net income rose 16.5% from Q3Net interest margin increased to 3.36% in Q4Company repurchased shares worth $51.9 mln in Q4OutlookCompany did not provide specific guidance for future quartersResult DriversNET INTEREST INCOME - Increase driven by lower interest dep...Reuters
Thu, Jan 22
Tunisia sentences two prominent journalists to 3-1/2 years in prison
By Tarek AmaraTUNIS, Jan 22 (Reuters) - A Tunisian court on Thursday convicted and sentenced two prominent journalists to 3-1/2 years in prison on tax evasion charges, which a family member said was retaliation for their reporting. The two journalists, Bohran Bssaies and Mourad Zghidi, worked for lo...Reuters
Thu, Jan 22
