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WILMINGTON, Del., Nov. 11, 2024 (GLOBE NEWSWIRE) — Salar Ghahramani, founder and lead policy strategist at Global Policy Advisors LLC (GPA), has outlined the potential for a U.S. sovereign wealth fund (SWF) to be created within the next three years. Ghahramani’s recent report suggests that a national investment vehicle is increasingly likely, especially with both the presidency and Congress under Republican control, fostering conditions favorable for this historic development. “A U.S. sovereign wealth fund has moved from theoretical to realistic,” says Ghahramani. “With political alignment across the executive and legislative branches, momentum for a national investment fund that targets strategic…
BOSTON, Nov. 06, 2024 (GLOBE NEWSWIRE) — Sungage Financial, a leading provider of residential solar financing, has entered into a partnership with BayWa r.e. Solar Systems, a distributor of residential and commercial solar and storage equipment. This alignment will help streamline the residential solar financing and equipment procurement process for shared installers. This mutually-beneficial partnership will enable installer partners to order equipment from BayWa r.e. with no cash upfront and allot Sungage-specific funds to pay for equipment once a project funds. With the implementation of this seamless process, installers will be able to maintain cash flow, focus on their bottom…
MILAN, Oct. 31, 2024 (GLOBE NEWSWIRE) — Intesa Sanpaolo posted record-breaking results for the first nine months of 2024, with net income reaching €7.2 billion, a 17% increase over the previous year. Read excerpts from CEO Carlo Messina’s remarks highlighting Intesa Sanpaolo’s unique strengths, including its strategic investments in digital transformation, which position Intesa Sanpaolo for sustained growth. “The results of the first nine months of 2024 reaffirmed Intesa Sanpaolo’s position as a European leader: our market value now places us alongside BNP Paribas and Santander, despite these banks having considerably larger balance sheets. “For 2024, we expect net income…
HAMMOND, La., Oct. 31, 2024 (GLOBE NEWSWIRE) — First Guaranty Bancshares, Inc. (“First Guaranty”) (NASDAQ: FGBI), the holding company for First Guaranty Bank, announced its unaudited financial results for the third quarter and nine months ending September 30, 2024. Financial Highlights for the third quarter and nine months ended September 30, 2024, are as follows: Total assets increased $371.2 million and were $3.9 billion at September 30, 2024 and $3.6 billion at December 31, 2023. Total loans at September 30, 2024 were $2.8 billion, an increase of $20.9 million, or 0.8%, compared with December 31, 2023. Total deposits were $3.4…
GLEN BURNIE, Md., Oct. 31, 2024 (GLOBE NEWSWIRE) — Glen Burnie Bancorp (“Bancorp”) (NASDAQ: GLBZ), the bank holding company for The Bank of Glen Burnie (“Bank”), announced today net income of $129,000, or $0.04 per basic and diluted common share for the three-month period ended September 30, 2024, compared to net income of $551,000, or $0.19 per basic and diluted common share for the three-month period ended September 30, 2023. Bancorp reported a net loss of $72,000, or $0.02 per basic and diluted common share for the nine-month period ended September 30, 2024, compared to net income of $1.3 million,…
RENO, Nev., Oct. 30, 2024 (GLOBE NEWSWIRE) — Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers’ compensation insurance and services focused on small and mid-sized businesses engaged in low-to-medium hazard industries, today reported financial results for its third quarter ended September 30, 2024. Financial Highlights:(All comparisons vs. the third quarter of 2023). Net income per diluted share increased by 124%, from $0.54 to $1.21,Adjusted net income per diluted share increased 19%, from $0.68 to $0.81,Gross premiums written decreased 8%, from $196.2 million to $181.2 million,Net premiums earned increased 1%, from $184.6 million…
FAIRFIELD, N.J., Oct. 24, 2024 (GLOBE NEWSWIRE) — Kearny Financial Corp. (NASDAQ GS: KRNY) (the “Company”), the holding company of Kearny Bank (the “Bank”), reported net income for the quarter ended September 30, 2024 of $6.1 million, or $0.10 per diluted share, compared to a GAAP net loss of $90.1 million, or $1.45 per diluted share, for the quarter ended June 30, 2024. The net loss for the quarter ended June 30, 2024 included a goodwill impairment of $95.3 million, as previously disclosed. Excluding this item, net income for the quarter ended September 30, 2024 increased $496,000 from adjusted net income of $5.6 million for…
OXFORD, United Kingdom, Oct. 23, 2024 (GLOBE NEWSWIRE) — EBC Financial Group (EBC) is proud to announce its continued collaboration with the University of Oxford’s Department of Economics for the 2024-2025 edition of the acclaimed “What Economists Really Do” (WERD) webinar series. The upcoming event will be the first WERD event to feature a dedicated panel discussion session in a hybrid setting, titled “Sustaining Sustainability: Balancing Economic Growth and Climate Resilience”. It also marks the second collaboration between EBC and the University of Oxford’s Department of Economics this year, following an earlier success in March. EBC’s ongoing collaboration with the…
DENVER, Oct. 22, 2024 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) reported: For the quarter(1) For the year(1) 3Q24 2Q24 3Q23 2024 2023Net income ($000’s) $ 33,105 $26,135 $36,087 $ 90,631 $108,927 Earnings per share – diluted $ 0.86 $0.68 $0.94 $ 2.36 $2.85 Return on average assets 1.32% 1.06% 1.46% 1.22% 1.50%Return on average tangible assets(2) 1.43% 1.17% 1.58% 1.33% 1.61%Return on average equity 10.33% 8.46% 12.26% 9.70% 12.71%Return on average tangible common equity(2) 14.84% 12.44% 18.38% 14.14% 18.81% (1) Ratios are annualized.(2) See non-GAAP reconciliations below. In announcing these results, Chief Executive Officer Tim Laney shared, “We delivered quarterly earnings of $0.86 per diluted share and a return on average tangible common equity of 14.84%. On the strength of our balance sheet, capital position and earnings, we are pleased to announce a 3.6% increase in…
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