Employers Holdings, Inc. Reports First Quarter 2024 Results and Increases Regular Quarterly Dividend to $0.30 per Share Company to Host Conference Call on Friday, April 26, 2024, at 11:00 a.m. Eastern Daylight Time HENDERSON, Nev., April 25, 2024 (GLOBE NEWSWIRE) -- Employers Holdings, Inc. (the “Company”) (NYSE:EIG), a holding company with subsidiaries that are specialty providers of workers' compensation insurance and services focused on small and select businesses engaged in low-to-medium hazard industries, today reported financial results for its first quarter ended March 31, 2024. ...
Northfield Bancorp, Inc. Announces First Quarter 2024 Results NOTABLE ITEMS FOR THE QUARTER INCLUDE: DILUTED EARNINGS PER SHARE WERE $0.15 FOR THE CURRENT QUARTER COMPARED TO $0.19 FOR THE TRAILING QUARTER, AND $0.26 FOR THE FIRST QUARTER OF 2023.NET INTEREST INCOME OF $27.9 MILLION, DECREASED $1.0 MILLION, OR 3.6%, PRIMARILY REFLECTING INCREASED FUNDING COSTS AND LOWER LOAN BALANCES. AVERAGE YIELDS ON INTEREST-EARNING ASSETS INCREASED 17 BASIS POINTS TO 4.27%, WHILE THE AVERAGE COST OF INTEREST-BEARING LIABILITIES INCREASED 37 BASIS POINTS TO 2.89% FOR THE CURRENT QUARTER COMPARED TO THE...
NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) ("Annaly" or the "Company") today announced its financial results for the quarter ended March 31, 2024. Financial Highlights GAAP net income of $0.85 per average common share for the quarter Earnings available for distribution ("EAD") of $0.64 per average common share for the quarter Economic return of 4.8% for the first quarter Book value per common share of $19.73 GAAP leverage of 6.7x, down from 6.8x in the prior quarter; economic leverage of 5.6x, down from 5.7x in the prior quarter Declared quarter...
Loans Reach Another All-Time High, Credit Quality Remains Solid; TrustCo Reports Net Income of $12.1 Million and Capital Up 3% Executive Snapshot: Average Loan portfolio continues to grow: On average, total loans were up $249.4 million or 5.2% for the first quarter 2024 compared to first quarter 2023 Continued solid financial results: Key metrics for first quarter 2024: Net income of $12.1 million versus $9.8 million for the fourth quarter 2023Net interest income of $36.6 millionReturn on average assets (ROAA) of 0.80% versus 0.64% for the fourth quarter 2023Return on average equity (ROA...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that David McElroy will retire from AIG effective May 1, 2024. Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company. Mr. McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024. “David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwritin...
Chemung Financial Corporation Reports First Quarter 2024 Net Income of $7.1 million, or $1.48 per share ELMIRA, N.Y., April 18, 2024 (GLOBE NEWSWIRE) -- Chemung Financial Corporation (the “Corporation”) (Nasdaq: CHMG), the parent company of Chemung Canal Trust Company (the “Bank”), today reported net income of $7.1 million, or $1.48 per share, for the first quarter of 2024, compared to $3.8 million, or $0.80 per share, for the fourth quarter of 2023, and $7.3 million, or $1.54 per share, for the first quarter of 2023. “We have started out 2024 with another strong quarter of results from...
Employers Holdings, Inc. Schedules First Quarter 2024 Earnings Release and Conference Call HENDERSON, Nev., April 17, 2024 (GLOBE NEWSWIRE) -- Employers Holdings, Inc. (the “Company”) (NYSE:EIG) today announced that it will release its first quarter 2024 financial results after market close on Thursday, April 25, 2024, after which these materials will be available on the Company’s website at through the “” link. Conference Call DetailsThe Company will then review these financial results via a conference call and webcast on Friday, April 26, 2024, at 11:00 a.m. EDT / 8:00 a.m. PDT. ...
James River Completes Sale of Casualty Reinsurance Business to Fleming Holdings PEMBROKE, Bermuda, April 16, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) today announced that Fleming Intermediate Holdings (“Fleming”) has completed its acquisition of JRG Reinsurance Company, Ltd. (“JRG Re”) at the previously agreed upon terms. Frank D’Orazio, the Company’s Chief Executive Officer, commented, “We are pleased to have successfully completed our sale of JRG Re to Fleming in accordance with the Stock Purchase Agreement that the parti...
CNB Financial Corporation Reports First Quarter 2024 Results CLEARFIELD, Pa., April 15, 2024 (GLOBE NEWSWIRE) -- CNB Financial Corporation (“Corporation”) (NASDAQ: CCNE), the parent company of CNB Bank, today announced its earnings for the three months ended March 31, 2024. Executive Summary Net income available to common shareholders ("earnings") was $11.5 million, or $0.55 per diluted share, for the three months ended March 31, 2024, compared to earnings of $12.9 million, or $0.62 per diluted share, for the three months ended December 31, 2023. The quarterly decrease was prima...
Unity Bancorp Reports Quarterly Earnings of $9.6 Million CLINTON, N.J., April 12, 2024 (GLOBE NEWSWIRE) -- Unity Bancorp, Inc. (NASDAQ: UNTY), parent company of Unity Bank, reported net income of $9.6 million, or $0.93 per diluted share, for the quarter ended March 31, 2024, compared to net income of $9.8 million, or $0.96 per diluted share for the quarter ended December 31, 2023. This represents a 1.9% decrease in net income and a 3.1% decrease in net income per diluted share. James A. Hughes, President and CEO, commented on the financial results: “We are pleased to announce another str...
ITW Schedules First Quarter 2024 Earnings Webcast GLENVIEW, Ill., April 11, 2024 (GLOBE NEWSWIRE) -- Illinois Tool Works Inc. (NYSE: ITW) will issue its first quarter 2024 results on Tuesday, April 30, 2024 at 7:00 a.m. CDT. Following the release, ITW will hold its first quarter 2024 earnings webcast at 9:00 a.m. CDT. To access the webcast for the event, please click on the following link: If you are a participant on the conference call, please dial 1-888-660-6652 (domestic) or 1-646-960-0554 (international) 10 minutes prior to the 9:00 a.m. CDT start time. The passcode is “ITW.” Follo...
TrustCo to Release First Quarter 2024 Results on April 22, 2024; Conference Call on April 23, 2024 GLENVILLE, N.Y., April 10, 2024 (GLOBE NEWSWIRE) -- TrustCo Bank Corp NY (TrustCo, Nasdaq: TRST) today announced that it will release first quarter 2024 results after the market close on April 22, 2024. Results are released on the 21st of the reporting months (January, April, July and October), or on the next day that equity markets are open if the 21st falls on a Friday, weekend or holiday. A conference call to discuss the results will be held at 9:00 a.m. Eastern Time on April 23, 2024. Th...
Moody's Ratings has completed a periodic review of the ratings of Illinois Tool Works Inc. and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 5 April 2024 in which Moody's Ratings reassessed the appropriateness of the ratings in the c...
James River Granted Motion Ordering Fleming to Complete its Pending Acquisition of JRG Re Court Requires Fleming to Complete the Transaction Within 10 days PEMBROKE, Bermuda, April 08, 2024 (GLOBE NEWSWIRE) -- James River Group Holdings, Ltd. (“James River” or the “Company”) (NASDAQ: JRVR) announced that the Supreme Court, New York County, Commercial Division (the “Court”) granted the Company’s request for a preliminary injunction against Fleming Intermediate Holdings (“Fleming”), a portfolio company of private equity sponsor Altamont Capital Partners, ordering Fleming to complete its a...
Martin Marietta Completes Acquisition of Aggregates Operations From Affiliates of Blue Water Industries LLC and Announces First-Quarter 2024 Earnings Conference Call RALEIGH, N.C., April 08, 2024 (GLOBE NEWSWIRE) -- Martin Marietta Materials, Inc. (NYSE: MLM) (Martin Marietta or the Company) today announced that, on April 5, 2024, it completed its previously announced acquisition of 20 active aggregates operations in Alabama, South Carolina, South Florida, Tennessee, and Virginia from affiliates of Blue Water Industries LLC (BWI Southeast) for $2.05 billion in cash. This portfolio optimiz...
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