This bank has the financial backing to get back on track, but does that make it a buy?Share prices of New York Community Bancorp (NYCB -2.87%) have fallen roughly 70% over the past year. In the first-quarter 2024 earnings update, the first bullet point in management's comments was that the company is targeting "peer level profitability by fourth quarter 2026."Given the huge stock decline, the below-peer performance, and a target date for improving financials, interested investors have a tough decision about ...

SOUTHERN PINES, N.C., June 14, 2024 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company"), the parent company of First Bank, has declared a cash dividend on its common stock of $0.22 per share payable on July 25, 2024 to shareholders of record as of June 30, 2024. Richard Moore, Chief Executive Officer of First Bancorp, stated, "Your company continued to perform well during the first quarter of 2024 with increases in our liquidity and capital along with strong credit quality ...

HILLSDALE, Mich., June 14, 2024 /PRNewswire/ -- CNB Community Bancorp, Inc. (OTCQX:CNBB) announced that the Board of Directors has declared a quarterly cash dividend on the Company's common stock in the amount of $0.29 per share, consistent with the dividend paid for the 2nd Quarter of 2023, payable on July 12, 2024 for shareholders of record on June 28, 2024.About CNB Community Bancorp, Inc.CNB Community Bancorp Inc. (OTCQX:CNBB) is a one-bank holding company.  Its subsidiary bank, County National Bank ("C ...

OSWEGO, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Pathfinder Bancorp, Inc. (“Pathfinder” or “Company”) (NASDAQ: PBHC), announced that its banking subsidiary, Pathfinder Bank (“Bank”), has received the required regulatory agency approvals from both the New York State Department of Financial Services and the Federal Deposit Insurance Corporation to complete its pending acquisition of the East Syracuse, New York branch of Berkshire Bank, Pittsfield, MA located on 6611 Manlius Center Road. The purchase and assump ...

ENGLEWOOD CLIFFS, N.J., June 11, 2024 (GLOBE NEWSWIRE) -- ConnectOne Bank (“ConnectOne”), the wholly-owned depository subsidiary of ConnectOne Bancorp, Inc. (NASDAQ: CNOB), today announces the addition of seasoned financial services consultant Susan O’Donnell to its Board of Directors to deepen its bench of industry leaders from the financial services and banking industries. “Susan brings a strategic mindset to our board having advised banks and financial institutions over a 30-year career,” said Frank Sorr ...

undefined undefined/iStock via Getty Images New York Community Bancorp (NYSE:NYCB) is a bank holding company, in transition from its NYC focus to being a more national operator. Recently, the share price has seen a significant decrease over the last six months. NYCB 6M Price History (Seeking Alpha) Once trading around book value and boasting a 7% dividend yield, NYCB reduced its dividend not once, but twice in this period. Now trading at a major discount to tangible book value, one has to wonder if th ...

MURRAY, Utah, June 10, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced that in its June 9, 2024 article, American Banker ranked FinWise Bancorp #2 on its list of the 100 top-performing publicly traded banks with under $2 billion of assets. The ranking is based on the three-year return on average equity ("ROAE") as of December 31, 2023. The three-year ROAE for Finwise Bancorp totaled 27%, well above the peer me ...

WESTFIELD, Mass., June 10, 2024 (GLOBE NEWSWIRE) -- Western New England Bancorp, Inc. (the “Company” or “WNEB”) (NasdaqGS: WNEB), the holding company for Westfield Bank (the “Bank”), announced that on June 6, 2024, the Company completed all repurchases under its existing stock repurchase plan (“2022 Repurchase Plan”) at an average price per share of $7.34. The Board of Directors of the Company authorized the 2022 Repurchase Plan on July 26, 2022. On May 21, 2024, the Board of Directors of the Company author ...

ABSECON, N.J., June 07, 2024 (GLOBE NEWSWIRE) -- Absecon Bancorp (the “Company”) (OTC, trading as ASCN), the bank holding company of First National Bank of Absecon, an Atlantic County New Jersey based community bank, announced today that its Board of Directors declared a regular quarterly cash dividend in the amount of $0.75 per share, payable on June 28, 2024 to shareholders of record as of June 17, 2024. The First National Bank of Absecon, a nationally chartered bank headquartered in Absecon, New Jersey, ...

NEW YORK, June 06, 2024 (GLOBE NEWSWIRE) -- Lowey Dannenberg P.C., a preeminent law firm in obtaining redress for consumers and investors, is investigating The Bancorp, Inc. ("TBBK" or the "Company") (NASDAQ:TBBK) for potential violations of the federal securities laws. The firm's investigation is in connection with a recent report by activist short seller Culper Research alleging that TBBK has misrepresented the quality of its real estate bridge loan portfolio and contending that TBBK's related loss reserv ...