LAS VEGAS, April 30, 2024 /PRNewswire/ -- GBank Financial Holdings Inc. (the "Company") (OTCQX: GBFH), the parent company of GBank (the "Bank"), released its financial results for the first quarter of 2024 on April 30, 2024.The Company reported a net income of $3.7 million for the quarter ended March 31, 2024, showing growth compared to previous periods. Edward M. Nigro, Executive Chairman, highlighted the complexity of the business plan, stating, "Each quarter I comment on one or two factors that I believe most important to you, our investors and shareholders; but this...
The Chairman of the House Financial Services Committee, Patrick McHenry (NC-10), has announced an upcoming hearing titled "SEC Enforcement: Balancing Deterrence with Due Process." The hearing is scheduled to take place at 10:00 AM ET on Tuesday, May 7, 2024, at the 2128 Rayburn House Office Building.According to McHenry, the focus of the hearing will be on finding the right balance between deterrence and due process in SEC enforcement. The Chairman emphasized the importance of ensuring fairness and justice in the regulatory actions of the Securities and Exchange...
Community Healthcare Trust Incorporated has disclosed its financial performance for the first quarter of 2024, reporting a net income of approximately $3.7 million, equivalent to $0.11 per diluted common share. The Company also revealed that Funds from operations ("FFO") and adjusted funds from operations ("AFFO") for the same period amounted to $0.53 and $0.59 per diluted common share, respectively.Specializing in owning income-producing real estate properties related to outpatient healthcare services across the United States, Community Healthcare Trust Incorporated...
Ashford Hospitality Trust, Inc. (NYSE: AHT) has disclosed its preliminary first-quarter results for 2024, highlighting key financial figures. According to the company's announcement, the preliminary estimated range of net income attributable to common stockholders for the first quarter of 2024 is approximately $66.4 million to $68.4 million, translating to $0.59 to $0.61 per share. Additionally, the range of Adjusted EBITDAre is reported to be $58.5 million to $60.5 million, with Adjusted FFO available to common stockholders and OP unitholders ranging from $(14.7) million...
Xiao-I Corporation ("Xiao-I" or the "Company") has reported its unaudited financial results for the full year ended December 31, 2023. Mr. Hui Yuan, Chairman and Chief Executive Officer of Xiao-I, expressed pride in the company's achievements, stating, "Our achievements are a testament to our commitment." He highlighted a significant 22.8% increase in net revenues, reaching $59.2 million, demonstrating the company's success in a competitive landscape and solidifying its position in the market.The year 2023 marked a milestone for Xiao-I with the introduction of the 'Hua...
The Electronic Payments Coalition recently released a report highlighting the significance of credit card rewards for American consumers, particularly those in lower-income households. According to the study, credit card reward programs play a crucial role in helping individuals across all income levels manage their finances.EPC Executive Chairman Richard Hunt emphasized the importance of cashback rewards for financially vulnerable households, stating, "Americans of all incomes take advantage of credit card reward programs but the most financially vulnerable households...
CFSB Bancorp, Inc. released their fiscal third-quarter and year-to-date 2024 financial results on April 29, 2024. The Company reported a net loss of $40,000 for the three months ended March 31, 2024, as compared to a net loss of $210,000 for the previous quarter and net income of $355,000 for the same period in 2023.Michael E. McFarland, President and Chief Executive Officer of CFSB Bancorp, Inc., commented on the challenging financial environment, stating, "Liabilities continue to reprice at a faster rate than assets. These short-term rates over the last twenty-four...
ALBEMARLE, N.C., April 29, 2024 /PRNewswire/ -- Uwharrie Capital Corp (OTCQX: UWHR) and its subsidiary, Uwharrie Bank, have announced their first-quarter results for 2024. The company reported consolidated total assets of $1.10 billion at the end of March 31, 2024, showing growth from $1.07 billion at the end of December 31, 2023.According to Uwharrie Capital Corp, "During the first quarter of 2024, the Bank experienced growth in both loans and core deposits due to continued relationship development in the markets we serve." This growth contributed to the positive...
MIND Technology, Inc., a technology provider to various industries, including the oceanographic and defense sectors, has announced its financial results for the fiscal 2024 fourth quarter and year ended January 31, 2024.According to the company's President and Chief Executive Officer, Rob Capps, "We are pleased to report solid results for the fiscal fourth quarter and our first profitable fiscal year since 2014. This is a significant milestone and a reflection of the efforts that we've made to strategically position the Company for future growth."Capps further added,...
Truist Financial Corporation has introduced a new financial education program called Truist Life, Money, and Choices™, tailored specifically for high school and college students. The initiative aims to provide participants with realistic financial scenarios and choices to empower them with essential skills for their financial futures.Anthony Weekly, Truist's Chief CRA/Community Development Officer, expressed enthusiasm for the program, stating, "As we close out National Financial Literacy month, we are thrilled to launch this initiative, which directly aligns with our...
Washington, D.C. (April 29, 2024) — The Independent Community Bankers of America (ICBA) recently shared a statement from Stifel, emphasizing the crucial role of community banks in the nation's banking system.In the statement, Brant McDuffie, Stifel’s Co-Head of Fixed Income Capital Markets, expressed Stifel's commitment to supporting community banks. McDuffie stated, “Stifel is dedicated to serving community bank clients and offers a full set of products and services tailored to our common mission to serve community banks. A robust, diverse and healthy banking system is...
Scotiabank announced today the appointment of Travis Machen as the CEO and Group Head of its Global Banking and Markets (GBM) business, effective May 6, 2024. In this new role, Mr. Machen will lead the strategic direction of Scotiabank's global banking business, focusing on expanding product offerings and attracting more primary clients to drive sustainable growth.Scott Thomson, President and CEO of Scotiabank, expressed confidence in Machen, stating, "Travis is a forward-thinking leader with the vision and experience to lead our Global Banking and Markets business."...
SoFi Technologies, Inc. has announced its financial results for the first quarter of 2024, showcasing impressive growth and profitability. The company reported a net revenue of $645 million and a net income of $88 million, marking its second consecutive quarter of GAAP profitability.According to the report, the 54% combined revenue growth in the tech platform and financial services segments drove a 26% growth in total adjusted net revenue. The management team at SoFi also raised the guidance for the fiscal year 2024."SoFi is a member-centric, one-stop shop for digital...
Los Angeles World Airports (LAWA) has made a significant stride in promoting inclusivity and diversity in its contracting model for capital improvement projects. The latest Multiple Award Task Order Contract (MATOC) approved by the Los Angeles City Council represents nearly $1 billion in contracting value and has set new standards for inclusivity.Karim Webb, President of the Board of Airport Commissioners, expressed his satisfaction with the decision, stating, "After supporting this game-changing MATOC with my fellow BOAC members, I commend the City on its unanimous...
CARMEL, Ind., April 29, 2024 /PRNewswire/ -- CNO Financial Group, Inc. (NYSE: CNO) announced its first-quarter results for 2024, showcasing a significant improvement over the previous year. The company reported net income of $112.3 million, or $1.01 per diluted share, compared to a net loss of $0.8 million, or $0.01 per diluted share, in the first quarter of 2023.Gary C. Bhojwani, CEO of CNO Financial Group, expressed satisfaction with the quarterly performance, stating, "First quarter results were among the best operating metrics we've delivered in the past several years...
Bill Himpler, president of the American Financial Services Association (AFSA) joined the American Legal Record Podcast to discuss AFSA’s mission, a macro look at the state of credit, mortgage borrowing, its relationship to the Consumer Financial Protection Bureau (CFPB), the regulatory environment, and what lies ahead re interest rates.
Billd has released its 2024 National Subcontractor Market Report, revealing significant insights into the financial state of subcontractors in the commercial construction industry. The report, based on a survey of nearly 700 professionals, highlights a notable disparity between subcontractors who account for working capital costs and those who do not. According to the findings, subcontractors who consider these costs achieve an average of 11% higher profits compared to their peers.
On the final day of America’s Credit Unions’ 2024 HR & Organizational Development Council Conference in St. Pete Beach, Fla., industry professionals shared valuable insights and advice for HR leaders. The panel, moderated by Coastal Credit Union Chief Administrative Officer Mia Perez, featured leaders from various credit unions who highlighted key aspects for HR leaders to consider.Christine Messer, Chief Financial Officer at Heritage Family Credit Union, emphasized the importance of leadership skills in the finance sector, stating, “I can train anybody to do accounting...
GUANGZHOU, China, April 26, 2024 /PRNewswire/ -- CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company") has announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023 with the U.S. Securities and Exchange Commission ("SEC") on April 26, 2024.The Company stated, "The annual report can be accessed on the Company's investor relations website at http://ir.cashchina.cn as well as the SEC's website at http://www.sec.gov."Furthermore, CNFinance Holdings Limited confirmed, "The Company will provide a hard copy of its annual...