Third Quarter 2024 Highlights: Net income available to common shareholders of $16.2 million, or $0.74 per diluted shareAdjusted pre-tax, pre-provision earnings of $27.5 millionTangible book value per share increased to $24.90, compared to $23.36 at June 30, 2024Common equity tier 1 capital ratio improved to 9.00%, compared to 8.64% at June 30, 2024Net interest margin of 3.10%, compared to 3.12% in prior quarterEfficiency ratio of 62.8%, compared to 65.2% in prior quarter EFFINGHAM, Ill., Oct. 24, 2024 (GLOB ...

NEW YORK, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Sterling Bancorp, Inc. (Nasdaq: SBT), relating to a proposed merger with EverBank Financial Corp. Under the terms of the agreement, EverBank will acquire all outstanding shares of Sterlin ...

DUNKIRK, N.Y., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced today that the Board of Directors declared a cash dividend of $0.18 per share on its outstanding common stock on October 23, 2024. The dividend is expected to be paid on November 8, 2024 to stockholders of record as of November 4, 2024. The Company received the written approval from the Federal Reserve Bank of Philadelphia (the “Res ...

3rd Quarter 2024 Highlights: Diluted earnings per share for the current quarter was $0.45 per share, an increase of 15 percent from the prior quarter diluted earnings per share of $0.39 per share.Net income was $51.1 million for the current quarter, an increase of $6.3 million, or 14 percent, from the prior quarter net income of $44.7 million and a decrease of $1.4 million, or 3 percent, from the prior year third quarter net income of $52.4 million.The net interest margin as a percentage of earning assets, ...

Earnings per diluted share of $0.55; $0.67 on an adjusted(1) basis Return on average assets of 1.17%; 1.42% on an adjusted(1) basis Net interest margin on FTE basis(1) of 4.08% Noninterest income of $45.7 million; $58.8 million on an adjusted(1) basis Average deposit growth of $166.2 million; 4.9% on an annualized basis 1.37% ACL ratio to total loans; Net charge-offs 0.25% of total loans Tangible book value increased 10.2% from linked quarter to $14.26 Board of Directors approved quarterly dividend of $0. ...

- Net Income of $3.5 Million - - Diluted Earnings Per Share of $0.25 - - Loan Originations Increase to $1.4 Billion - MURRAY, Utah, Oct. 24, 2024 (GLOBE NEWSWIRE) -- FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced results for the quarter ended September 30, 2024. Third Quarter 2024 Highlights Loan originations increased to $1.4 billion, compared to $1.2 billion for the quarter ended June 30, 2024, and $1.1 billion for the third quarte ...

Exhibit 99.1 The Bancorp, Inc. Reports its Third Quarter Financial Results Wilmington, DE – October 24, 2024 – The Bancorp, Inc. ("The Bancorp" or the "Company" or "we" or "our") (NASDAQ: TBBK), a financial holding company, today reported its financial results for the third quarter of 2024. Net income for the third quarter of 2024 amounted to $51.5 million. Factors Helpful to Understand Third Quarter Net Income 1. As explained under recent developments below, a new CECL factor was added which increased the ...

VANCOUVER, Wash., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today reported earnings of $1.6 million, or $0.07 per diluted share, in the second fiscal quarter ended September 30, 2024, compared to $2.5 million, or $0.12 per diluted share, in the second fiscal quarter a year ago. In the first six months of fiscal 2025, net income was $2.5 million, or $0.12 per diluted share, compared to $5.3 million, or $0.25 per diluted share, in the first six ...

WILLIAMSPORT, Pa., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Penns Woods Bancorp, Inc. (NASDAQ: PWOD) Penns Woods Bancorp, Inc. achieved net income of $14.0 million for the nine months ended September 30, 2024, resulting in basic and diluted earnings per share of $1.86. Highlights Net income, as reported under generally accepted accounting principles (GAAP), for the three and nine months ended September 30, 2024 was $4.8 million and $14.0 million, respectively, compared to $2.2 million and $11.1 million for the sam ...

Kevin Frey Appointed to Board of Directors Dr. K. Brad Stamm to Retire from Board of Directors ARCHBOLD, Ohio, Oct. 24, 2024 (GLOBE NEWSWIRE) -- F&M Bank (“F&M”), an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, Inc. (Nasdaq: FMAO), announced updates to its Board of Directors. On October 22, 2024, Kevin Frey was appointed to the Board of Directors of both the Company and the Bank. In addition to this new appointment, F&M announced the retirement of Dr. K. Brad Stamm from the Board of Direc ...