Bank earnings continue to show credit remains a key payments choice.U.S. Bancorp’s earnings, released Wednesday (July 17) indicated that within the company’s payment services segment, credit card payment volumes came in at $36.5 billion, up 4.6% year on year. The average loan balance, overall, in the credit card segment, was $28 billion, up 8.8% from last year’s second quarter.CEO Andrew Cecere said on the conference call with analysts that “credit quality results were in line with our expectations as we sa ...

PM Images We continue our regional bank earnings season coverage with Community Trust Bancorp, Inc. (CTBI). This is a stock that we suggested as a buy in October 2023 for solid income and a rebound in shares. Since that call, there has been a 42% total return at the time of this writing. To be clear, we still like the stock, but it is now wise after Q2 earnings and the recent rally, to move to a house position. By this, we mean we propose backing out your initial investment, plus about half of the profi ...

CATSKILL, N.Y., July 17, 2024 (GLOBE NEWSWIRE) -- Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.09 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.36 per share which represents a 12.5% increase from the previous annual cash dividend of $0.32 per share. The cash dividend for the quarter ended June 30, 2024 will be paid to shareholders of record as of August 15, 2024, and is e ...

RENO, Nev., July 17, 2024 (GLOBE NEWSWIRE) -- Plumas Bancorp (Nasdaq:PLBC), the parent company of Plumas Bank, today announced earnings during the second quarter of 2024 of $6.8 million or $1.15 per share, an increase of $126 thousand from $6.7 million or $1.14 per share during the second quarter of 2023.   Diluted earnings per share increased to $1.14 per share during the three months ended June 30, 2024 up from $1.12 per share during the quarter ended June 30, 2023. For the six months ended June 30, 2024, ...

YUBA CITY, Calif., July 16, 2024 (GLOBE NEWSWIRE) -- River Valley Community Bancorp (OTC markets: RVCB) with its wholly owned subsidiary, River Valley Community Bank (collectively referred to as the “Bank”), today announced financial results for the quarter ended June 30, 2024. The full earnings release can be found on the Bank’s Investor Relations website at Investor Relations - River Valley Community Bank. The Bank remains highly rated with BauerFinancial, and Depositaccounts.com and serves its customer b ...

Manhattan, KS, July 16, 2024 (GLOBE NEWSWIRE) -- Landmark Bancorp, Inc. (Nasdaq: LARK) announced that it will release earnings for the second quarter of 2024 after the market closes on Monday, August 5, 2024. The Company will host a conference call to discuss these results on Tuesday, August 6, 2024 at 10:00 am (CT). Investors may listen to the Company’s earnings call via telephone by dialing (833) 470-1428 and using access code 974885. Investors are encouraged to call the dial-in number at least 5 minutes ...

Joe Hendrickson Shares of Fifth Third Bancorp (NASDAQ:FITB) have been a strong performer since last year's regional banking crisis, up 44% and sitting near a 52-week-high. I last covered FITB in April, when I upgraded shares to a "buy" ahead of Q1 earnings. Since then, the stock has returned 16%, a strong gain that also is ahead of the market's 11% rally. Since its last quarter, FITB also performed strongly on its stress test, leaving it poised to raise its dividend in September. With Fifth Third set to rep ...

monsitj U.S. Bancorp Technical Analysis U.S. Bancorp (NYSE:USB) is a diversified bank headquartered in Minneapolis, MN that I wrote about back in January 2024. Since it has an upcoming earnings release on 17 July before the market opens, I thought I would take another look at USB from a technical perspective. I will be using weekly price action with a 30-week exponential moving average (EMA), momentum, volume, and relative strength in my analysis. Chart 1 - USB Weekly with Momentum, Volume, and Relative Str ...

wildpixel Note: 1 for 3 reverse split is effective by end of day, July 11. Prices noted in this piece will have to be adjusted accordingly. By the end of the first quarter of this year, the 2024 earnings estimates had declined from $1.40 to $0.20 for New York Community Bancorp, Inc. (NYSE:NYCB). Cut to the present, the analysts are now calling for a $0.51 loss. Seeking Alpha The number of analysts has declined by 2, one of which was probably the optimist that was estimating $0.83 cents in earnings back ...

emyu Investment thesis My previous bullish thesis about U.S. Bancorp (NYSE:USB) aged well as the stock delivered almost 20% to investors since August 2023. On the other hand, USB lagged behind the broader U.S. stock market over the same period. I am quite cautious before the upcoming Q2 earnings release for several strong reasons. From the fundamental perspective, the macro environment did not change much, and I do not expect to see sharp moves in the Fed's monetary policy soon. The tight monetary envir ...