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The Hartford’s Q1 combined ratio worsens to 96.9% on higher catastrophe losses
$2.20 core EPS beat $2.15 consensus, down from $2.34 in Q1 2024Combined ratio worsens 4.1 pts to 96.9%; BI up 4.3 pts, personal insurance up 4.5 ptsQ1 CAY cat losses of $467 million ($325 million wildfires), up from $161 million Q1 2024Favorable PYD of $90 million, up from $32 million in Q1 2024Over...Reuters
Thu, Apr 24
Economic Indicator
Eastern to acquire HarborOne in $490 million deal in latest U.S. regional bank consolidation
April 24 (Reuters) - Eastern Bankshares EBC.O will acquire HarborOne Bancorp HONE.O in a stock and cash deal valued at $490 million, the lenders said on Thursday, as bank consolidation gains traction in an uncertain market. Regional banks across the United States are increasingly turning to mergers ...Reuters
Thu, Apr 24
Stocks
Glacier Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
Glacier Bancorp Inc GBCI.N reported quarterly adjusted earnings of 48 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 29 cents. The mean expectation of six analysts for the quarter was for earnings of 47 cents per share. Wal...Reuters
Thu, Apr 24
Other
Pentagon chief removes service members of panels subjected to a recent review
April 24 (Reuters) - U.S. Defense Secretary Pete Hegseth has removed members of Department of Defense advisory committees who were the subject of a recent 45-day review, Pentagon spokesman Sean Parnell said in a statement on Thursday."Secretary Hegseth appreciates the members' efforts on beh...Reuters
Thu, Apr 24
Stocks
Boston Beer Company Inc reports results for the quarter ended March 31 - Earnings Summary
Boston Beer Company Inc SAM.N reported quarterly adjusted earnings of $2.16 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.04. The mean expectation of twelve analysts for the quarter was for earnings of 55 cents per share. Wal...Reuters
Thu, Apr 24
Forex
US bank regulators pull back guardrails on bank crypto activities
By Pete Schroeder WASHINGTON, April 24 (Reuters) - U.S. banking regulators announced on Thursday they were pulling back several documents that urge banks to show caution when dabbling in cryptocurrency and related activities.The Federal Reserve said it was withdrawing a pair of supervisory letter...Reuters
Thu, Apr 24
Stocks
Encompass Health Corp reports results for the quarter ended March 31 - Earnings Summary
Encompass Health Corp EHC.N reported quarterly adjusted earnings of $1.37 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.12. The mean expectation of ten analysts for the quarter was for earnings of $1.19 per share. Wall Street...Reuters
Thu, Apr 24
Stocks
Healthpeak Properties Inc reports results for the quarter ended March 31 - Earnings Summary
Healthpeak Properties Inc DOC.N reported quarterly adjusted earnings of 6 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 1 cents. The mean expectation of seven analysts for the quarter was for earnings of 5 cents per share....Reuters
Thu, Apr 24
Stocks
Eastern Bankshares Inc reports results for the quarter ended March 31 - Earnings Summary
Eastern Bankshares Inc EBC.OQ reported quarterly adjusted earnings of 34 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 23 cents. The mean expectation of four analysts for the quarter was for earnings of 33 cents per share....Reuters
Thu, Apr 24
Stocks
Heritage Commerce Corp reports results for the quarter ended March 31 - Earnings Summary
Heritage Commerce Corp HTBK.OQ reported quarterly adjusted earnings of 19 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of six analysts for the quarter was for earnings of 18 cents per share....Reuters
Thu, Apr 24
Stocks
NBT Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
NBT Bancorp Inc NBTB.OQ reported quarterly adjusted earnings of 80 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 68 cents. The mean expectation of six analysts for the quarter was for earnings of 74 cents per share. Wall S...Reuters
Thu, Apr 24
Other
Universal Q1 combined ratio improves 50 bps to 95.0% in comfortable earnings beat
Reinsurance program placed with additional $352 million of multiyear limitImproved combined ratio primarily reflects lower weather lossesAdjusted diluted earnings per common share of $1.44 beat Wall Street consensusDPW grows 4.7% YoY to $467.1 millionBy Chris MunroApril 24 - (The Insurer) – Universa...Reuters
Thu, Apr 24
Stocks
Customers Bancorp Inc reports results for the quarter ended March 31 - Earnings Summary
Customers Bancorp Inc CUBI.N reported quarterly adjusted earnings of $1.54 per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.40. The mean expectation of nine analysts for the quarter was for earnings of $1.30 per share. Wall Stre...Reuters
Thu, Apr 24
Stocks
Associated Banc-Corp reports results for the quarter ended March 31 - Earnings Summary
Associated Banc-Corp ASB.N reported quarterly adjusted earnings of 59 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 52 cents. The mean expectation of nine analysts for the quarter was for earnings of 58 cents per share. Wa...Reuters
Thu, Apr 24
Stocks
Provident Financial Services Inc reports results for the quarter ended March 31 - Earnings Summary
Provident Financial Services Inc PFS.N reported quarterly adjusted earnings of 49 cents per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 43 cents. The mean expectation of six analysts for the quarter was for earnings of 47 cents pe...Reuters
Thu, Apr 24
