Lastest from Businesswire

MIAMI--(BUSINESS WIRE)--I Squared Capital, a leading global infrastructure investment manager, announced today a major expansion of its presence across the Gulf Cooperation Council (GCC) and the broader Middle East. The firm is building a dedicated regional investment platform to drive infrastructure investments and related activities, underscoring its long-term commitment to one of the world’s most dynamic and strategically vital regions. This next phase of I Squared’s regional strategy builds

MANASSAS, Va.--(BUSINESS WIRE)--OneKonnect, a leading technology-driven platform specializing in seamless electronic data interchange and connectivity solutions for the employee benefits and insurance ecosystem, is pleased to announce the appointment of Michael Martocci as its new Chief Executive Officer. In his new role, Martocci will oversee the company’s strategic direction, with a focus on accelerating growth, fostering innovation, and expanding market reach. His appointment marks an integr

MIAMI--(BUSINESS WIRE)--Terra Towers, Corp. is compelled to issue a statement of clarification regarding comments to media by Peppertree Capital Management, Inc. ("Peppertree") regarding an arbitration award which were released in violation of both AAA procedure and a US Federal Court order. First and foremost, that award is currently under litigation that can affect its enforceability. Terra will exercise all available legal remedies to challenge this decision through the appropriate judicial

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) ("we") today announced an estimated book value per share of common stock of $13.44 as of March 31, 2025. This estimate includes the effect of the previously announced monthly dividend of $0.13 per share of common stock, paid on April 25, 2025 to holders of record on March 31, 2025, with the same ex-dividend date. Cautionary Statement Regarding Forward-Looking Statements Estimated book value per common share is subject t

JASPER, Ind.--(BUSINESS WIRE)--German American Bancorp, Inc. (Nasdaq: GABC) reported first quarter earnings of $10.5 million, or $0.30 per share. The first quarter earnings included the results of Heartland BancCorp ("Heartland"), the parent company of Heartland Bank, which was acquired by German American on February 1, 2025. The first quarter of 2025 included one-time merger and acquisition costs of $5.9 million and "Day 2" provision under the current expected credit loss ("CECL") model for He

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Banking--Customers Bancorp, Inc. (NYSE:CUBI) announces quarterly cash dividend.

MINNEAPOLIS--(BUSINESS WIRE)--Alerus Financial Corporation (Nasdaq: ALRS), or the Company, reported net income of $13.3 million for the first quarter of 2025, or $0.52 per diluted common share, compared to a net loss of ($0.1) million, or $0.00 per diluted common share, for the fourth quarter of 2024, and net income of $6.4 million, or $0.32 per diluted common share, for the first quarter of 2024. CEO Comments President and Chief Executive Officer Katie Lorenson said, “This quarter marked a str

FRESNO, Calif.--(BUSINESS WIRE)--The Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), is proud to announce the appointment of Jay Gill as the Vice Chairman of the Company’s and Bank’s Boards of Directors effective immediately. In this new role, Mr. Gill will play a critical role in shaping the Company’s long-term strategy, identifying new business opportunities, and driving continued organic growth across i

BOSTON--(BUSINESS WIRE)--MFS announces closed end fund distribution income sources for certain funds for April 2025

NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”) today announced financial results for the quarter ended March 31, 2025. Reported GAAP net income of $23.7 million for the three months ended March 31, 2025, compared to $30.2 million for the three months ended December 31, 2024. Reported diluted earnings per share ("EPS") to common stockholders of $0.20 for the three months ended March 31, 2025, compared to $0.29 for the three months ended December

ATLANTA--(BUSINESS WIRE)--Ameris Bancorp (NYSE: ABCB) (the “Company”) today reported net income of $87.9 million, or $1.27 per diluted share, for the quarter ended March 31, 2025, compared with $74.3 million, or $1.08 per diluted share, for the quarter ended March 31, 2024. Commenting on the Company’s results, Palmer Proctor, the Company’s Chief Executive Officer, said, “Our first quarter performance showed a strong start for 2025 for Ameris. Results included 12.5% annualized tangible book valu

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Total Return Fund Inc. (NYSE: ZTR) previously announced the following monthly distribution on March 6, 2025: Amount of Distribution Ex-Date/Record Date Payable Date $0.05 April 11, 2025 April 29, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or a combination thereof. Shareholders should note,

HOUSTON--(BUSINESS WIRE)---- $HESM--HESS MIDSTREAM LP ANNOUNCES DISTRIBUTION PER SHARE LEVEL INCREASE

MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) announced its Board of Directors has declared a quarterly cash dividend on its common stock of $0.29 per share which is equivalent to a dividend yield of 2.42% based on Friday’s market close price of $47.89. The quarterly dividend is the same as the quarterly dividend declared in January 2025, and based on first quarter 2025 earnings per share, represents a dividend pa

NEW YORK--(BUSINESS WIRE)---- $two #TWO--TWO Reports First Quarter 2025 Financial Results

PHOENIX--(BUSINESS WIRE)--University of Phoenix is proud to be participating in Becker's Healthcare 15th Annual Meeting, taking place April 28 - May 1, 2025, at the Hyatt Regency in Chicago, Illinois. This prestigious event will bring together over 3,000 executive-level attendees and feature more than 850 speakers, including renowned healthcare leaders and industry professionals. "We are honored to be participating in Becker’s Healthcare Annual Meeting," states Vice President and General Manage

LAS VEGAS--(BUSINESS WIRE)--Cannae Holdings, Inc. (NYSE: CNNE) (“Cannae” or the “Company”) today announced that the Company will release its first quarter 2025 financial results after the market close on Monday, May 12, 2025. The Company will also hold a conference call to discuss its financial results at 5:00 pm (Eastern Time) on the same day. The conference call can be accessed by dialing 1-844-826-3035 (domestic) or 1-412-317-5195 (international) and asking for the Cannae Holdings First Quar

HARTFORD, Conn.--(BUSINESS WIRE)--Virtus Artificial Intelligence & Technology Opportunities Fund (NYSE: AIO) previously announced the following monthly distribution on March 6, 2025: Ticker Amount of Distribution Ex-Date/Record Date Payable Date AIO $0.15 April 11, 2025 April 29, 2025 Under the terms of its Managed Distribution Plan, the Fund will seek to maintain a consistent distribution level that may be paid, in part or in full, from net investment income and realized capital gains, or

ST. LOUIS & BILLINGS, Mont.--(BUSINESS WIRE)--Enterprise Financial Services Corp (“Enterprise”) (Nasdaq: EFSC) and First Interstate BancSystem, Inc. (“First Interstate”) (Nasdaq: FIBK) have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two separate fr

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart CEO to Participate in Fireside Chat at the Barclays 15th Annual Emerging Payments and FinTech Forum