Li Jacobson, the chief information officer of Embold Credit Union, shared her insights on various topics, including the significance of technology in enhancing member experiences and her personal reflections on Asian American, Native Hawaiian, and Pacific Islander (AANHPI) Heritage Month.Reflecting on credit unions, Jacobson emphasized their community-centric approach, stating, "We want to serve our members and give back to the community. We make dreams come true." She highlighted the importance of financial literacy and assisting members in achieving their goals such as...
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...
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,...
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...
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...
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...
Washington, D.C. (April 29, 2024) - The Independent Community Bankers of America (ICBA) commenced the 2024 ICBA Capital Summit in Washington with the unveiling of new polling data that reveals significant public backing for community banker perspectives on critical issues. According to ICBA President and CEO Rebeca Romero Rainey, Americans across the nation align with community bankers' stances on essential policy matters.The ICBA-commissioned polling, executed by Morning Consult, highlighted several key findings. The data indicated that 70% of Americans believe that...
Washington, D.C. (April 25, 2024) - The Independent Community Bankers of America (ICBA) has unveiled its legislative and regulatory policy objectives for 2024, setting the stage for the upcoming ICBA Capital Summit from April 28 to May 1. The resolutions, developed and endorsed by ICBA volunteer community bankers, will shape the organization's advocacy efforts in the year ahead, aligning with its core mission of fostering an environment conducive to the success of community banks.In a statement, ICBA Chairman Lucas White, who also serves as the president of The Fountain...
The Supreme Court is expected to rule in the next month or two on CFPB v. CFSA, a case challenging the CFPB’s independent funding mechanism through the Federal Reserve. AFSA submitted an amicus brief in support of CFSA.When Congress first met on March 4, 1789, one of the first items of business was to fulfill the requirements of Article III, section 1, of the Constitution. John Jay of New York took the oath as the first Chief Justice on October 19, 1789. The Court's journey from its early days in the Merchants Exchange Building in New York City to its current home on...
ICBA President and CEO Rebeca Romero Rainey expressed support for proposals to decrease deposit insurance assessments for community banks, stating, "With the Deposit Insurance Fund reserve ratio on track to reach the statutory minimum two years ahead of schedule, ICBA strongly supports proposals to decrease deposit insurance assessments for the nation’s community banks."Rainey referenced remarks made by Acting Comptroller of the Currency Michael Hsu and Consumer Financial Protection Bureau Director Rohit Chopra at the FDIC board meeting, highlighting the importance of...
The American Financial Services Association (AFSA) has recently voiced its support for Senate Bill 1076 in California, emphasizing the importance of enhancing consumer privacy rights in the state. In a joint comment letter to the California Senate Judiciary Committee, AFSA highlighted the need to broaden the scope of information provided by registered data brokers and establish mechanisms to protect consumers' privacy.According to AFSA, SB 1076 plays a crucial role in ensuring that consumers have the ability to request the deletion of their data from all registered...
The Andy Trovillion Scholarship, funded by the Association of Military Banks of America (AMBA), aims to support individuals who share Andy's passion for military banking and education. The scholarship honors the legacy of Raleigh A. "Andy" Trovillion, a former GSB faculty member and AMBA board chairman, known for his dedication to the field.According to the AMBA, the scholarship provides $1,500 per session, totaling $4,500, towards Graduate School of Banking (GSB) tuition for each of the three resident sessions. The scholarship is open to various groups, including active...