Key Takeaways U.S. Bancorp's net interest income (NII) increased from the previous quarter and exceeded analysts' expectations. The higher NII helped lift the bank's third-quarter profit above estimates. U.S. Bancorp also increased the money it set aside to cover credit losses by 8.2%. U.S. Bancorp (USB) shares jumped Wednesday as its profit got a boost from higher-than-anticipated net interest income. The bank reported third-quarter earnings per share (EPS) of $1.03, $0.04 more than estimates of analysts s ...

RENO, Nev., Oct. 16, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the third quarter of 2024 of $7.8 million or $1.33 per share, a decrease of $140 thousand from $8.0 million or $1.36 per share during the third quarter of 2023. Diluted earnings per share decreased to $1.31 per share during the three months ended September 30, 2024 down from $1.34 per share during the quarter ended September 30, 2023. An increase of $1.1 million in n ...

No Proof of Committed Financing and/or Information to Validate Its Claims that a Transaction Could Receive Regulatory Approval and Be Completed Hope Bancorp Merger Is the Only Opportunity that Provides Tangible Value, has a Clear Path to Close and Creates a Stronger Territorial Territorial Urges Shareholders to Vote FOR Hope Bancorp Merger in Advance of Special Meeting on November 6, 2024 at 8:30 a.m. Hawai'i Time HONOLULU, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Territorial Bancorp Inc. (NASDAQ: TBNK) ("Territor ...

Wall Street analysts forecast that Fifth Third Bancorp (FITB) will report quarterly earnings of $0.82 per share in its upcoming release, pointing to a year-over-year decline of 10.9%. It is anticipated that revenues will amount to $2.16 billion, exhibiting an increase of 0.1% compared to the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their init ...

It has been almost 1.5 years since I wrote my last article about U.S. Bancorp (NYSE: USB ). In May 2023, when my last article was published, the world was still talking about the collapse of Silicon Valley Bank and Signature My analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization ( ...

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The bank has made some big moves since its sharp sell-off earlier this year. With the Federal Reserve cutting interest rates, is now the time to buy? Last month, the Federal Reserve reduced its benchmark interest rate by 50 basis points. It was the Fed's first interest rate cut since the pandemic hit in 2020, and it's a welcome relief to some of the more interest ratesensitive companies. New York Community Bancorp (NYCB 7.58%) is one bank welcoming those rate cuts. The bank has faced significant struggles t ...

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Wall Street expects a year-over-year decline in earnings on higher revenues when Fifth Third Bancorp (FITB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on October 18, 2024, might help the stock move higher if these key numbers are bet ...