Lastest from Businesswire

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases research examining last month's bounce in retail sales amid signs that the Trump Administration is willing to negotiate trade deals. Click here to view the report. Recent Publications Shoppers Hit the Brakes in May as Trade Jitters Linger Potential Impact of Tariffs on Municipal Credit Van Hesser’s 3 Things in Credit: A Weekly Podcast About KBRA KBRA, one of the major credit rating agencies, is registered in the U.S., EU, and the UK. KBRA is recognized a

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--First paragraph, first sentence of release should read: ...per share on July 24, 2025 to be paid on September 5, 2025 to stockholders of record as of August 4, 2025. (instead of ...per share on May 2, 2025 to be paid on June 6, 2025 to stockholders of record as of May 13, 2025.) The updated release reads: EVERTEC DECLARES QUARTERLY DIVIDEND ON COMMON STOCK EVERTEC, Inc. (NYSE: EVTC) (“EVERTEC” or the “Company”) today announced that its Board of Directors

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a+” (Excellent) of Old United Casualty Company (OUC). At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of Old United Life Insurance Company (OUL). The outlook of these Credit Ratings (ratings) is stable. Both companies are headquartered in Merriam, KS. The ratings of OUC refle

SAN FRANCISCO--(BUSINESS WIRE)--Bitwise Asset Management, a leading crypto asset manager, today announced the monthly distributions for its suite of Option Income Strategy ETFs: IMST, ICOI, IMRA, and IGME. Fund Ticker Distribution Per Share Distribution Rate 30-Day SEC Yield Return of Capital Ex-Date / Record Date Payment Date 1-Month Return 1-Year Return Since Inception Return Bitwise MSTR Option Income Strategy ETF IMST $2.91311 67.46% 0.00% 0.00% 7/25/2025 7/29/2025 7.51% N/A 22.96% Bitwise

KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. (“SmartFinancial”) (NYSE: SMBK), the parent company for SmartBank, announced that on July 24, 2025, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 25, 2025, to shareholders of record as of the close of business on August 8, 2025. About SmartFinancial, Inc. SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding

DALLAS--(BUSINESS WIRE)--Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) today announced financial results for the second quarter of 2025. Hilltop produced income to common stockholders of $36.1 million, or $0.57 per diluted share, for the second quarter of 2025, compared to $20.3 million, or $0.31 per diluted share, for the second quarter of 2024. Hilltop’s financial results for the second quarter, compared with the same period in 2024, primarily included a reversal of credit losses and an incre

LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors extended the term of the Company’s stock repurchase program for an additional year, to expire on July 31, 2026. The stock repurchase program, which was first adopted on August 2, 2023, authorizes the repurchase of up to 720,000 shares of the Company’s outstanding common stock and, as previously extended, was scheduled to expire on Augu

WESTLAKE, Texas--(BUSINESS WIRE)--The Board of Directors of The Charles Schwab Corporation at its meeting today authorized additional repurchases of the company’s common stock.

LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank, announced that on July 23, 2025, its Board of Directors declared a quarterly cash dividend of $0.20 per common share. The dividend will be paid on or about August 15, 2025, to shareholders of record as of the close of business on August 8, 2025. About PCB Bancorp PCB Bancorp is the bank holding company for PCB Bank, a California state chartered bank, offering a full suite of commercial bank

HUDSON, Mass.--(BUSINESS WIRE)--Avidia Bancorp, Inc. (the “Company”), the proposed stock holding company of Avidia Bank, announced today that all final regulatory approvals have been received to close the Company’s initial public offering in connection with the mutual-to-stock conversion of Assabet Valley Bancorp, the mutual holding company of Avidia Bank. Closing is expected to occur at the close of business on July 31, 2025. Listing of the Company’s common stock on the New York Stock Exchange

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), today reported its financial results for the second quarter of 2025. The Company reported net income of $6.3 million, or $0.42 diluted EPS, compared with $5.6 million, or $0.37 diluted EPS, for the first quarter of 2025, and $5.4 million, or $0.36 per diluted EPS, for the second quarter of 2024. Sang K. Oh, President and Chief Executive Officer: “I am honored to step into the

WEST READING, Pa.--(BUSINESS WIRE)---- $CUBI #Banking--Customers Bancorp (NYSE:CUBI) announces Q2 2025 earnings including 8% annualized loan growth, strong capital and liquidity.

NEWARK, Del.--(BUSINESS WIRE)--Sallie Mae (Nasdaq: SLM), formally SLM Corporation, today released second quarter 2025 financial results. Complete financial results and related materials are available at www.SallieMae.com/investors. The materials will also be available on the Securities and Exchange Commission’s website at www.sec.gov. Sallie Mae will host an earnings conference call today, July 24, 2025, at 5:30 p.m. ET. Executives will be on hand to discuss various highlights of the quarter an

FLORENCE, Ore.--(BUSINESS WIRE)-- #InvestorRelations--Oregon Pacific Bancorp (ORPB), the holding company of Oregon Pacific Bank, today reported net income of $2.0 million, or $0.28 per diluted share, for the quarter ended June 30, 2025, compared to $1.7 million or $0.23 per diluted share for the quarter ended March 31, 2025. “We are pleased to report second quarter operating results, which reflected loan and deposit growth and increased profitability,” said Ron Green, President and CEO. “Expansion of the margin, an

NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) today announced that they have entered into a definitive agreement to combine in an all-stock transaction valued at $8.6 billion based on the unaffected closing prices of the two companies as of July 21, 2025. This transaction creates the highest-performing regional bank focused on the fastest-growth markets in the Southeast. The combined company, which will

LOS ANGELES--(BUSINESS WIRE)--OP Bancorp (the “Company”) (NASDAQ: OPBK), the holding company of Open Bank (the “Bank”), announced today that its Board of Directors declared a quarterly cash dividend of $0.12 per share of its common stock. The dividend is payable on or about August 21, 2025 to all shareholders of record as of the close of business on August 7, 2025. About OP Bancorp OP Bancorp, the holding company for Open Bank (the “Bank”), is a California corporation whose common stock is quot

LOS ANGELES--(BUSINESS WIRE)--PCB Bancorp (the “Company”) (NASDAQ: PCB), the holding company of PCB Bank (the “Bank”), today reported net income available to common shareholders of $9.0 million, or $0.62 per diluted common share, for the second quarter of 2025, compared with $7.7 million, or $0.53 per diluted common share, for the previous quarter and $6.1 million, or $0.43 per diluted common share, for the year-ago quarter. Q2 2025 Highlights Net income available to common shareholders totaled

NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit on behalf of purchasers of the securities of Replimune Group, Inc. (NASDAQ: REPL) between November 22, 2024 and July 21, 2025, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Replimune investors under the federal securities laws. To join the Replimune class action, go to https://rosenlegal.com/submit-form/?case_id=42313 or call Phillip K

BROCKTON, Mass.--(BUSINESS WIRE)--HarborOne Bancorp, Inc. Announces 2025 Second Quarter Results

VICTOR, N.Y.--(BUSINESS WIRE)-- #acquisitions--Broadstone Net Lease Announces Three Additional Build-to-Suit Developments for $61.4 million