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KBRA Assigns Preliminary Ratings to Oportun Funding Trust 2025-1
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Oportun Funding Trust 2025-1 (“Oportun 2025-1”), a $159.144 million consumer loan ABS transaction. Oportun 2025-1 is an amortizing ABS securitization collateralized by a discrete pool of unsecured and secured consumer installment loans originated by Oportun Financial Corporation (“Oportun” or the “Company”). Oportun 2025-1 has initial credit enhancement levels ranging from 32.40% for the Class A notes
Mitek Systems Announces Mark Rossi as a Nominee to its Board of Directors
SAN DIEGO--(BUSINESS WIRE)-- #BoardOfDirectors--Mitek Systems, Inc. (NASDAQ: MITK), a global leader in digital identity verification, mobile capture, and fraud management, today announced the nomination of Mark Rossi to its board of directors. Mr. Rossi will also serve as a member of the board’s audit committee, pending shareholder approval at the company’s upcoming annual meeting. Mr. Rossi brings over four decades of strategic, financial, and operational expertise, having served on the boards of approximately 25
The First Bancshares, Inc. Reports Results for Fourth Quarter ended December 31, 2024
HATTIESBURG, Miss.--(BUSINESS WIRE)--The First Bancshares, Inc. (“FBMS” or “the Company”) (NYSE: FBMS), holding company for The First Bank (“the Bank”), (www.thefirstbank.com) reported today financial results for the quarter ended December 31, 2024. Highlights for the quarter: Net income available to common shareholders totaled $18.3 million for the quarter ended December 31, 2024, representing a decrease of 1.5% when compared to $18.6 million for the quarter ended September 30, 2024. The Compa
Chain Bridge Bancorp, Inc. Reports Fourth Quarter 2024 and Full Year 2024 Financial Results
MCLEAN, Va.--(BUSINESS WIRE)--Chain Bridge Bancorp, Inc. (NYSE: CBNA) (the “Company”), the holding company for Chain Bridge Bank, N.A. (the “Bank”), today announced financial results for the fourth quarter of 2024 and the twelve months ended December 31, 2024. Peter G. Fitzgerald, Chairman of Chain Bridge Bancorp, Inc., commented: “The fourth quarter of 2024 included our initial public offering in October 2024, the first by a U.S. banking institution in over two years. This milestone reflects o
AM Best Affirms Credit Ratings of Members of Aegon Ltd.’s U.S. Subsidiaries
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of the U.S. life/health (L/H) subsidiaries of Aegon Ltd. (Bermuda) [NYSE: AEG]. Aegon Ltd.’s U.S. L/H companies are Transamerica Life Insurance Company (Cedar Rapids, IA) and Transamerica Financial Life Insurance Company (Harrison, NY) and referred to collectively as Aegon USA Group (Aegon USA). The outlook of these Credit Ratings (ratin
United Rentals Tender Offer for H&E Equipment Services, Inc. Commences
STAMFORD, Conn.--(BUSINESS WIRE)--United Rentals, Inc. (NYSE: URI) (“United Rentals” or “URI”) today announced that its indirect wholly-owned subsidiary, UR Merger Sub VII Corporation, a Delaware corporation (“Merger Sub”), has commenced the previously announced cash tender offer to purchase all of the issued and outstanding shares of common stock, par value $0.01 per share (the “Shares”), of H&E Equipment Services, Inc. (NASDAQ: HEES) (“H&E”) for a price of $92.00 per share, net to the
AM Best Revises Issuer Credit Rating Outlook to Positive for Members of Arbella Insurance Group
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of “a” (Excellent) of Arbella Mutual Insurance Company and its three pooled insurance entities: Arbella Protection Insurance Company, Arbella Indemnity Insurance Company and Covenant Insurance Company (Farmington, CT). These companies are collectively known as Arbe
Local Business Leader Dr. Diane Paloma Named to the Central Pacific Financial Corp. and Central Pacific Bank Board of Directors
HONOLULU--(BUSINESS WIRE)--Central Pacific Financial Corp. (NYSE: CPF), parent company of Central Pacific Bank (CPB), today announced the appointment of local business leader Diane Paloma, PhD to the Board of Directors of both CPF and CPB, effective January 28, 2025. The announcement was made by Arnold Martines, Chairman, President, and CEO of both Boards. Dr. Paloma is currently President and CEO of Hawaii Dental Service (HDS) which offers dental plans to individuals, families, small businesse
Alerus Financial Corporation Reports Fourth Quarter 2024 Net Income of $3.2 Million
MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $3.2 million for the fourth quarter of 2024, or $0.13 per diluted common share, compared to net income of $5.2 million, or $0.26 per diluted common share, for the third quarter of 2024, and net loss of $14.8 million, or ($0.73) per diluted common share, for the fourth quarter of 2023. CEO Comments President and Chief Executive Officer Katie Lorenson said, “We are pleased to end 2024
Novanta Inc. Schedules Earnings Release and Conference Call for Tuesday, February 25, 2025
BEDFORD, Mass.--(BUSINESS WIRE)--Novanta Inc. (Nasdaq: NOVT) (the “Company”), a trusted technology partner to medical and advanced technology equipment manufacturers, will release its fourth quarter and full year 2024 results on Tuesday, February 25, 2025. The Company will host a conference call on Tuesday, February 25, 2025, at 10:00 a.m. ET to discuss these results. To access the call, please dial (888) 346-3959 before the scheduled conference call time. Alternatively, the conference call can
Generational Group Advises Crystal Kitchen & Bath in its sale to Merit Management Group
DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Crystal Kitchen & Bath to Merit Management Group. The acquisition closed January 3, 2025. Headquartered in Crystal, Minnesota, Crystal Kitchen + Bath has been a leader in kitchen and bath design since 1974. Celebrating 50 years of excellence, the company offers comprehensive remodeling services, including design, cabinetr
Hannah Chancellor Appointed CEO of Amundson Group, Leading Construction Recruitment Firm
HOUSTON--(BUSINESS WIRE)--Amundson Group (AG), the leading expert in recruitment solutions for the construction and infrastructure industries across America, is proud to announce the promotion of Hannah Chancellor from Chief Operating Officer (COO) to Chief Executive Officer (CEO). This leadership transition reflects AG’s commitment to innovation, resilience, and client-focused excellence, cementing its position of growth as the nation’s most reliable headhunting partner for businesses and prof
Semrush Holdings, Inc. Announces Investor Conference Call to Review Fourth Quarter and Full Year 2024 Financial Results
BOSTON--(BUSINESS WIRE)--Semrush Holdings, Inc. (NYSE: SEMR), a leading online visibility management SaaS platform, will release its financial results for the fourth quarter and full year ended December 31, 2024, after the close of the US markets on Wednesday, February 26, 2025. Semrush will host a corresponding conference call to discuss the results on Thursday, February 27, 2025 at 8:30 a.m. Eastern Time. Conference Call Details Date: Thursday, February 27, 2025 Time: 8:30 a.m. ET Hosts: Oleg
Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2024 Financial Results
JACKSON, Miss.--(BUSINESS WIRE)--Trustmark Corporation Announces Fourth Quarter and Fiscal Year 2024 Financial Results
DHI Group Adopts Tax Benefit Preservation Plan to Protect Capital Loss Carryforwards and Stockholder Value
CENTENNIAL, Colo.--(BUSINESS WIRE)--DHI Group, Inc. (NYSE: DHX) (“DHI” or the “Company”) announced today that it has adopted a shareholder rights plan designed to protect stockholder value by preserving the availability of the Company’s net capital loss carryforwards (“Carryforwards”) and other tax attributes under the Internal Revenue Code of 1986, as amended (the “Code”) (such plan, the “Section 382 Rights Plan”). The Company estimates that as of September 30, 2024, the Company had Carryforwa
KKR to Present at the Bank of America Securities 2025 Financial Services Conference
NEW YORK--(BUSINESS WIRE)--KKR & Co. Inc. (NYSE: KKR) announced today that Robert H. Lewin, Chief Financial Officer, will present at the Bank of America Securities 2025 Financial Services Conference on Tuesday, February 11, 2025 at 3:30 p.m. ET. A live webcast of the presentation will be available on the Investor Center section of KKR’s website at https://ir.kkr.com/events-presentations/. For those unable to listen to the live webcast, a replay will be available on the website shortly after
TPG RE Finance Trust, Inc. Announces Tax Treatment of 2024 Dividends
NEW YORK--(BUSINESS WIRE)--TPG RE Finance Trust, Inc. Announces Tax Treatment of 2024 Dividends
Angel Oak Mortgage REIT, Inc. Announces Dividend Distribution Tax Information for 2024
ATLANTA--(BUSINESS WIRE)--Angel Oak Mortgage REIT, Inc. (NYSE: AOMR) (the “Company,” “we,” and “our”), a leading real estate finance company focused on acquiring and investing in first lien non-QM loans and other mortgage-related assets in the U.S. mortgage market, today announced tax information regarding its dividend distributions for 2024. During 2024, the Company distributed dividends totaling $1.28 per share of common stock (CUSIP 03464Y108). The table below provides information on the exp
Houlihan Lokey Reports Third Quarter Fiscal 2025 Financial Results
LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its third quarter ended December 31, 2024. For the third quarter ended December 31, 2024, revenues were $634 million, compared with $511 million for the third quarter ended December 31, 2023. Net income was $95 million, or $1.39 per diluted share, for the third quarter ended December 31, 2024, compared with $71 million, or $1.04 per diluted share, for
Primerica Schedules Fourth Quarter 2024 Financial Results Webcast
DULUTH, Ga.--(BUSINESS WIRE)--Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Wednesday, February 12, 2025, at 10:00 a.m. ET to discuss the Company’s results for the quarter ended December 31, 2024, as well as other business-related matters, including future expectations. A news release announcing the quarter’s results will be distributed after the close of the market on Tuesday, February 11, 2025. The earnings news release, financial supplement and live webcast will b