Soybeans are fractionally to a penny higher so far on Monday morning. Futures saw stronger trade late in the Friday session, as front months were 3 to 4 cents higher at the close. March was a dime higher last week. Friday’s open interest was up 5,871 contracts. The cmdtyView national average Cash Bean price was 3 3/4 cents higher at $9.98 ¾. Soymeal futures were 20 cents to $3.70/ton, as March ral...
Soybeans are fractionally to a penny higher so far on Monday morning. Futures saw stronger trade late in the Friday session, as front months were 3 to 4 cents higher at the close. March was a dime higher last week. Friday’s open interest was up 5,871 contracts. The cmdtyView national average Cash Bean price was 3 3/4 cents higher at $9.98 ¾. Soymeal futures were 20 cents to $3.70/ton, as March rallied $9.90 last week. Soy Oil futures were 5 to 21 points higher, with March up 138 points since last Friday. Export Sales data from Friday morning showed a marketing year high in soybean sales at 2.45 MMT in the week of 1/15. That was 18.6% above last week and 63.97% larger than the same week last year. China was the largest buyer of 1.304 MMT, with unknown destinations the buyer of 338,300 MT and 218,300 MT sold to Egypt. Don’t Miss a Day: Soybean meal sales were tallied at 412,671, on the high side of estimate of between 200,000 and 500,000 MT in that week. Soybean oil sales were 10,499 MT in that week on the lower half of 5,000-25,000 MT estimates. CFTC data pegged spec traders in soybean futures and options trimming 2,901 contracts from their net long to 10,060 contracts as of Tuesday. Brazil’s soybean crop is estimated at 4.9% harvested as of Thursday according to AgRural, ahead of the 2.9% pace last year. The crop estimate was raised 0.6 MMT to 181 MMT. Mar 26 Soybeans closed at $10.67 3/4, up 3 3/4 cents, currently up 1/2 cent Nearby Cash was $9.98 3/4, up 3 3/4 cents, May 26 Soybeans closed at $10.79 1/2, up 3 1/4 cents, currently up 3/4 cent Jul 26 Soybeans closed at $10.92 1/2, up 3 1/2 cents, currently up 1 cent More news from Barchart The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Image source: The Motley Fool. Friday, October 25, 2024 at 1 p.m. ET Call participants Chairman, President, and CEO — Rodger Levenson Chief Financial Officer — David Burg Chief Operating Officer — Art Bacci Chief Commercial Banking Officer — Steve Clark Chief Consumer Banking Officer — Shari Kruzinski Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Core EPS -- $1.08 per ...
Image source: The Motley Fool. Friday, October 25, 2024 at 1 p.m. ET Call participants Chairman, President, and CEO — Rodger Levenson Chief Financial Officer — David Burg Chief Operating Officer — Art Bacci Chief Commercial Banking Officer — Steve Clark Chief Consumer Banking Officer — Shari Kruzinski Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Core EPS -- $1.08 per share, as directly reported for the quarter. -- $1.08 per share, as directly reported for the quarter. Core ROA -- 1.22%, reflecting the company's return on average assets this period. -- 1.22%, reflecting the company's return on average assets this period. Core Return on Tangible Common Equity -- 16.96% for the quarter. -- 16.96% for the quarter. Loan Growth -- 5% annualized, characterized as broad-based. -- 5% annualized, characterized as broad-based. Deposit Growth -- 3% annualized, with deposits remaining well diversified. -- 3% annualized, with deposits remaining well diversified. Loan-to-Deposit Ratio -- 80% as of September 30, enabling substantial balance sheet flexibility. -- 80% as of September 30, enabling substantial balance sheet flexibility. Core Fee Revenue -- $90.1 million, up 5% linked quarter and up 23% year over year. -- $90.1 million, up 5% linked quarter and up 23% year over year. Wealth Management Fee Revenue -- Declined 3% linked quarter, increased 12% year over year; institutional services growth offset by seasonally lower fees in private wealth and Bryn Mawr Trust Company of Delaware. -- Declined 3% linked quarter, increased 12% year over year; institutional services growth offset by seasonally lower fees in private wealth and Bryn Mawr Trust Company of Delaware. Cash Connect Revenue -- Increased 3% linked quarter and 50% year over year, attributed to greater market share and bailment revenues. -- Increased 3% linked quarter and 50% year over year, attributed to greater market share and bailment revenues. Cash Connect ROA -- 1.29% for the quarter, re...
Image source: The Motley Fool. Monday, November 4, 2024 at 4:30 p.m. ET Call participants Executive Chairman and Chief Executive Officer — Jure Sola Executive Vice President and Chief Financial Officer — Jon D. Faust Vice President, Investor Relations — Paige Melching Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Revenue -- $2.02 billion, up 9.6% sequentially and excee...
Image source: The Motley Fool. Monday, November 4, 2024 at 4:30 p.m. ET Call participants Executive Chairman and Chief Executive Officer — Jure Sola Executive Vice President and Chief Financial Officer — Jon D. Faust Vice President, Investor Relations — Paige Melching Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Revenue -- $2.02 billion, up 9.6% sequentially and exceeding the outlook of $1.9 billion to $2.0 billion. -- $2.02 billion, up 9.6% sequentially and exceeding the outlook of $1.9 billion to $2.0 billion. Non-GAAP Gross Margin -- 8.7%, at the high end of the outlook and up 20 basis points sequentially, with improvement attributed to favorable mix in the CPS segment. -- 8.7%, at the high end of the outlook and up 20 basis points sequentially, with improvement attributed to favorable mix in the CPS segment. Non-GAAP Operating Expenses -- $68.2 million, higher than outlook due to targeted investments in research and development, strategic opportunities, and workforce. -- $68.2 million, higher than outlook due to targeted investments in research and development, strategic opportunities, and workforce. Non-GAAP Operating Profit -- $107 million, representing 5.3% of revenue; operating margin is flat sequentially and within the short-term target of 5%-6%. -- $107 million, representing 5.3% of revenue; operating margin is flat sequentially and within the short-term target of 5%-6%. Non-GAAP Diluted EPS -- $1.43, based on approximately 56 million shares outstanding, exceeding the high end of the $1.30 to $1.40 outlook with a 14% sequential improvement and a 1% improvement year over year. -- $1.43, based on approximately 56 million shares outstanding, exceeding the high end of the $1.30 to $1.40 outlook with a 14% sequential improvement and a 1% improvement year over year. IMS Segment Revenue -- $1.63 billion, up 10.1% sequentially; non-GAAP gross margin was 7.3%, down 30 basis points sequentially due to unfavorable mix. -- $1.63 billion, ...
Investors in Ivanhoe Electric Inc (Symbol: IE) saw new options begin trading today, for the May 15th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 109 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for t...
Investors in Ivanhoe Electric Inc (Symbol: IE) saw new options begin trading today, for the May 15th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 109 days until expiration the newly trading contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the IE options chain for the new May 15th contracts and identified one put and one call contract of particular interest. The put contract at the $15.00 strike price has a current bid of 25 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.00, but will also collect the premium, putting the cost basis of the shares at $14.75 (before broker commissions). To an investor already interested in purchasing shares of IE, that could represent an attractive alternative to paying $19.63/share today. Because the $15.00 strike represents an approximate 24% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 79%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 1.67% return on the cash commitment, or 5.58% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Ivanhoe Electric Inc, and highlighting in green where the $15.00 strike is located relative to that history: Turning to the calls side of the o...
Investors in Hudbay Minerals Inc (Symbol: HBM) saw new options become available today, for the November 20th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 298 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be avai...
Investors in Hudbay Minerals Inc (Symbol: HBM) saw new options become available today, for the November 20th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 298 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the HBM options chain for the new November 20th contracts and identified one put and one call contract of particular interest. The put contract at the $25.00 strike price has a current bid of $2.80. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $25.00, but will also collect the premium, putting the cost basis of the shares at $22.20 (before broker commissions). To an investor already interested in purchasing shares of HBM, that could represent an attractive alternative to paying $26.30/share today. Because the $25.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 67%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 11.20% return on the cash commitment, or 13.72% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Hudbay Minerals Inc, and highlighting in green where the $25.00 strike is located relative to that history: Turning to the call...
Robert Buchel/iStock Editorial via Getty Images Goldman Sachs on Monday downgraded Bombardier ( BOMBF ) ( BDRBF ) ( BDRAF ) to Sell from a previous investment rating of Neutral, citing weaker backlog growth than peers, softer margin and free cash flow performance, and a valuation that the bank views as increasingly difficult to justify after the stock’s sharp rally. In a research note, the analyst...
Robert Buchel/iStock Editorial via Getty Images Goldman Sachs on Monday downgraded Bombardier ( BOMBF ) ( BDRBF ) ( BDRAF ) to Sell from a previous investment rating of Neutral, citing weaker backlog growth than peers, softer margin and free cash flow performance, and a valuation that the bank views as increasingly difficult to justify after the stock’s sharp rally. In a research note, the analysts said Bombardier’s ( BOMBF ) ( BDRBF ) ( BDRAF ) order backlog has expanded at a slower pace than other business jet manufacturers despite strong post-pandemic demand across the industry. As a result, Goldman expects Bombardier’s revenue growth to trail that of its peers over the medium term, driven by comparatively slower aircraft delivery growth. The bank also expressed caution around profitability and cash generation. Bombardier ( BOMBF ) ( BDRBF ) ( BDRAF ) has lowered its earnings before interest, taxes, depreciation and amortization margin targets and has fallen short of consensus free cash flow expectations in recent reporting periods. Goldman said its revised free cash flow model suggests the company may need to build inventory at an elevated rate to support higher deliveries, raising uncertainty around how much incremental revenue will translate into earnings and cash flow. While stronger top-line growth could improve the outlook, the analysts said they have limited confidence that higher sales would flow efficiently to the bottom line, prompting downward revisions to margin and free cash flow forecasts. Goldman also highlighted valuation as a key concern following Bombardier’s share price surge. The stock has more than tripled over the past year and now trades at roughly 14 times next-twelve-months enterprise value to ebitda, compared with about 6 times a year ago. The bank said that multiple implies a much higher performance bar at a time when growth, margins and cash flow trends have raised questions. Overall, Goldman said Bombardier’s ( BOMBF ) ( BDRBF ) ( BDR...
LordRunar/iStock Unreleased via Getty Images In 2026, I think one of the best moves that investors can make in our portfolios is to emphasize a rotation toward underappreciated rebound sectors, such as retail and apparel. In my view, the elevated valuation multiples amid large-cap tech stocks will drive a meaningful sector rotation this year, and investors should be prepared for this shift. That s...
LordRunar/iStock Unreleased via Getty Images In 2026, I think one of the best moves that investors can make in our portfolios is to emphasize a rotation toward underappreciated rebound sectors, such as retail and apparel. In my view, the elevated valuation multiples amid large-cap tech stocks will drive a meaningful sector rotation this year, and investors should be prepared for this shift. That said, stock-picking is also key. Amid a broad selloff last year, many individual retail stocks traded at fantastic valuations, despite strong comp sales and fundamental health. And while there's no doubt that Tapestry ( TPR ), the parent of Coach and Kate Spade, has achieved significant growth in its Coach handbag sales, we have to ask: C an Tapestry fully justify its ~80% rally over the past year? Data by YCharts I'm initiating Tapestry at a "Sell" rating. Though I believe the company is a beacon of strength amid a battered retail sector, defying weakening consumer spending and the headwinds from tariffs, I think Tapestry deserves only a portion of its rally, while the latest move upward has been powered primarily by momentum. In my view, it's a good juncture to lock in gains here. Accessible Luxury in Handbags and Accessories Tapestry's core brands, Coach and Kate Spade, are household names that hardly need an introduction. Let's first kick off with a lay of the land on how the company has grown and where its footprint lies. The chart below showcases some of Tapestry's core metrics. The company does ~$7 billion in annual revenue, emphasizing a DTC (direct-to-consumer model) in which it owns roughly 1,300 stores, as well as its e-commerce channel, which is just shy of a third of overall sales. The company's products touch customers across 30 countries. Tapestry overview (Tapestry Q1 earnings deck) The chart below, meanwhile, showcases the company's core sales mixes. 56% of Tapestry's revenue comes from handbags, and the second-largest category is accessories (think belts, l...
Investors in Centrus Energy Corp (Symbol: LEU) saw new options become available today, for the May 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 109 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for ...
Investors in Centrus Energy Corp (Symbol: LEU) saw new options become available today, for the May 15th expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 109 days until expiration the newly available contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the LEU options chain for the new May 15th contracts and identified one put and one call contract of particular interest. The put contract at the $290.00 strike price has a current bid of $49.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $290.00, but will also collect the premium, putting the cost basis of the shares at $240.30 (before broker commissions). To an investor already interested in purchasing shares of LEU, that could represent an attractive alternative to paying $298.87/share today. Because the $290.00 strike represents an approximate 3% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 65%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 17.14% return on the cash commitment, or 57.41% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Centrus Energy Corp, and highlighting in green where the $290.00 strike is located relative to that history: Turning to the calls side o...
Image source: The Motley Fool. Monday, October 28, 2024 at 2 p.m. ET CALL PARTICIPANTS Chairman, President, and Chief Executive Officer — Peter S. Ho Vice Chair, Chief Risk Officer — Bradley K. Shairson Vice Chair, Chief Financial Officer and Treasurer — Dean Y. Shigemura Vice Chair, Chief Commercial Banking Officer — James A. Polk Director of Investor Relations — Chang M. Park Need a quote from a...
Image source: The Motley Fool. Monday, October 28, 2024 at 2 p.m. ET CALL PARTICIPANTS Chairman, President, and Chief Executive Officer — Peter S. Ho Vice Chair, Chief Risk Officer — Bradley K. Shairson Vice Chair, Chief Financial Officer and Treasurer — Dean Y. Shigemura Vice Chair, Chief Commercial Banking Officer — James A. Polk Director of Investor Relations — Chang M. Park Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Net Interest Income -- Increased by $2.8 million sequentially, driven by higher earning assets, cash flow repricing, and balance sheet repositioning. -- Increased by $2.8 million sequentially, driven by higher earning assets, cash flow repricing, and balance sheet repositioning. Net Interest Margin -- Expanded by three basis points quarter over quarter, with September's margin at 2.17%. -- Expanded by three basis points quarter over quarter, with September's margin at 2.17%. Deposit Growth -- Spot deposits rose 2.8% quarter over quarter, sustaining Bank of Hawaii's top market share in Hawaii as reported by the FDIC. -- Spot deposits rose 2.8% quarter over quarter, sustaining Bank of Hawaii's top market share in Hawaii as reported by the FDIC. Loan Portfolio -- $14 billion total, with 57% consumer ($8 billion) and 43% commercial ($5.9 billion); portfolio remains 93% Hawaii-based, 4% Western Pacific, and 3% Mainland. -- $14 billion total, with 57% consumer ($8 billion) and 43% commercial ($5.9 billion); portfolio remains 93% Hawaii-based, 4% Western Pacific, and 3% Mainland. Consumer Lending -- 85% secured by residential mortgage or home equity, with a 48% weighted average loan-to-value (LTV) and FICO scores averaging 800. -- 85% secured by residential mortgage or home equity, with a 48% weighted average loan-to-value (LTV) and FICO scores averaging 800. Commercial Real Estate (CRE) -- $3.9 billion, 28% of total loans; no sector exceeds 7% of total loans and the weighted average LTV for CRE loans is 56%. -- $3.9 billion,...
Investors in Westlake Corp (Symbol: WLK) saw new options begin trading today, for the December 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 326 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for t...
Investors in Westlake Corp (Symbol: WLK) saw new options begin trading today, for the December 18th expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 326 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the WLK options chain for the new December 18th contracts and identified one put and one call contract of particular interest. The put contract at the $80.00 strike price has a current bid of $12.00. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $80.00, but will also collect the premium, putting the cost basis of the shares at $68.00 (before broker commissions). To an investor already interested in purchasing shares of WLK, that could represent an attractive alternative to paying $84.14/share today. Because the $80.00 strike represents an approximate 5% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 64%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract. Should the contract expire worthless, the premium would represent a 15.00% return on the cash commitment, or 16.79% annualized — at Stock Options Channel we call this the YieldBoost. Below is a chart showing the trailing twelve month trading history for Westlake Corp, and highlighting in green where the $80.00 strike is located relative to that history: Turning to the calls side of the op...
January Texas Manufacturing Index: -1.2 vs. -11.3 in December (revised from -10.9), according to data released by the Dallas Fed on Monday. Production index: 11.2 vs. -3.0 in December (revised from -3.2). Shipments: 12.0 vs. -10.5 prior (revised from -10.6). Capacity utilization: 7.1 vs. -4.6 (revised from -4.5). New orders: 11.8 vs. -6.6 prior (revised from -6.4). Outlook index: 2.9 vs. -12.3 (re...
January Texas Manufacturing Index: -1.2 vs. -11.3 in December (revised from -10.9), according to data released by the Dallas Fed on Monday. Production index: 11.2 vs. -3.0 in December (revised from -3.2). Shipments: 12.0 vs. -10.5 prior (revised from -10.6). Capacity utilization: 7.1 vs. -4.6 (revised from -4.5). New orders: 11.8 vs. -6.6 prior (revised from -6.4). Outlook index: 2.9 vs. -12.3 (revised from -11.9). Developing… check back for updates. More on the US Economy This One Macro Shift Is Quietly Reshaping My Entire Portfolio Dollar Sold Broadly, While Yen Soars On Fear Of Joint Intervention Chicago Fed National Activity Index improves slightly in November Durable goods orders jump in November, swinging from October's decline
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Abbott Laboratories, a filing with the SEC revealed that on Friday, CHAIRMAN AND CEO Robert B. Ford bought 18,800 shares of ABT, for a cost of $107.13 each, for a total investment of $2.01M. So far Ford ...
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys. At Abbott Laboratories, a filing with the SEC revealed that on Friday, CHAIRMAN AND CEO Robert B. Ford bought 18,800 shares of ABT, for a cost of $107.13 each, for a total investment of $2.01M. So far Ford is in the green, up about 3.0% on their buy based on today's trading high of $110.39. Abbott Laboratories is trading up about 1.4% on the day Monday. This purchase marks the first one filed by Ford in the past year. And at Ally Financial, there was insider buying on Friday, by Chief Executive Officer Michael George Rhodes who bought 23,800 shares for a cost of $41.68 each, for a total investment of $991,867. Before this latest buy, Rhodes made one other purchase in the past year, buying $1.00M shares at a cost of $39.09 a piece. Ally Financial is trading up about 1.3% on the day Monday. VIDEO: Monday 1/26 Insider Buying Report: ABT, ALLY The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Alex Karp is no stranger to transforming the markets. Now he's entering the culture-war debate and changing it to a capital-markets moment. The Palantir (PLTR) CEO believes the issue of large-scale immigration will become irrelevant moving forward, Fortune reported. Karp believes a need for future ...
Alex Karp is no stranger to transforming the markets. Now he's entering the culture-war debate and changing it to a capital-markets moment. The Palantir (PLTR) CEO believes the issue of large-scale immigration will become irrelevant moving forward, Fortune reported. Karp believes a need for future ...
Image source: The Motley Fool. Thursday, October 23, 2025 at 9 a.m. ET Call participants Chief Executive Officer — Mark Hardwick President — Michael Stewart Chief Financial Officer — Michele Kawiecki Chief Credit Officer — John Martin Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Loan Growth -- Loans increased by $289 million sequentially, or 8.7% annualized, with comm...
Image source: The Motley Fool. Thursday, October 23, 2025 at 9 a.m. ET Call participants Chief Executive Officer — Mark Hardwick President — Michael Stewart Chief Financial Officer — Michele Kawiecki Chief Credit Officer — John Martin Need a quote from a Motley Fool analyst? Email [email protected] Takeaways Loan Growth -- Loans increased by $289 million sequentially, or 8.7% annualized, with commercial and industrial lending up $169 million and commercial real estate up $87 million. -- Loans increased by $289 million sequentially, or 8.7% annualized, with commercial and industrial lending up $169 million and commercial real estate up $87 million. Earnings per Share -- $0.98, as directly reported for the quarter. -- $0.98, as directly reported for the quarter. Return on Assets (ROA) -- 1.22% both for the quarter and year-to-date. -- 1.22% both for the quarter and year-to-date. Efficiency Ratio -- 55% for the quarter, with a core efficiency ratio of 54.56% when excluding onetime charges. -- 55% for the quarter, with a core efficiency ratio of 54.56% when excluding onetime charges. Net Interest Margin -- 3.24%, stable on a sequential basis. -- 3.24%, stable on a sequential basis. Total Revenue -- Increased by 4.5% year-to-date compared to the prior year. -- Increased by 4.5% year-to-date compared to the prior year. Noninterest Income -- $32.5 million, with customer-related fees contributing $29.3 million. -- $32.5 million, with customer-related fees contributing $29.3 million. Deposit Mix -- Nonmaturity consumer deposits rose $96 million, growing at nearly 5% annualized, while commercial core deposits increased $56 million with a 4.9% growth rate. -- Nonmaturity consumer deposits rose $96 million, growing at nearly 5% annualized, while commercial core deposits increased $56 million with a 4.9% growth rate. Total Cost of Deposits -- Increased 14 basis points to 2.44% for the quarter, but trended lower at quarter-end due to rate adjustments. -- Increased 14 basis points...
Two far-right British activists have been arrested by French authorities in what is believed to be the first case of its kind. The arrests followed an order issued on Friday prohibiting British participants in a planned “stop the boats” protest, dubbed Operation Overlord, in the departments of Nord and Pas-de-Calais. The order was due to expire at 8am on Monday but it has been extended for two mor...
Two far-right British activists have been arrested by French authorities in what is believed to be the first case of its kind. The arrests followed an order issued on Friday prohibiting British participants in a planned “stop the boats” protest, dubbed Operation Overlord, in the departments of Nord and Pas-de-Calais. The order was due to expire at 8am on Monday but it has been extended for two more days. UK far-right activists have been travelling to northern France with increasing frequency in recent months with a declared intention of stopping small boats from crossing the Channel, something they say French and UK governments have failed to do. In 2025 more than 40,000 people crossed the Channel in small boats, and so far in 2026 931 people have made the journey. On these visits far-right agitators have posted footage of themselves slashing dinghies and confronting migrants. According to the public prosecutor of Boulogne-sur-Mer in the Pas-de-Calais prefecture, François-Xavier Lauch, the two unnamed individuals were arrested broadcasting live videos from the French coast that allegedly contained discriminatory remarks and suggested their potential involvement in Operation Overlord. They were taken into custody near the northern town of Calais on Sunday evening, Lauch said. Aged 35 and 53, the men were recording content likely to incite hatred live on a YouTube channel, police sources told Le Monde. Lauch said the French authorities would take strict administrative measures against them, including an order to leave French territory based on the threat to public order, with a view to their return to their country of origin. The men were placed in police custody for inciting hatred and participating in a group with the aim of preparing acts of violence, based on comments made on social media, said the Boulogne-sur-Mer prosecutor Cecile Gressier. Gressier said these are the first arrests of British far-right activists in France on these grounds, adding that they are n...
Image source: The Motley Fool. Friday, October 18, 2024 at 12:00 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Kenneth Vecchione Chief Financial Officer — Dale Gibbons Chief Credit Officer — Tim Bruckner Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Earnings per Share -- $1.80, directly reported for the quarter. -- $1.80, directly reported for the quarter. Deposi...
Image source: The Motley Fool. Friday, October 18, 2024 at 12:00 p.m. ET CALL PARTICIPANTS Chief Executive Officer — Kenneth Vecchione Chief Financial Officer — Dale Gibbons Chief Credit Officer — Tim Bruckner Need a quote from a Motley Fool analyst? Email [email protected] TAKEAWAYS Earnings per Share -- $1.80, directly reported for the quarter. -- $1.80, directly reported for the quarter. Deposit Growth -- $1.8 billion increase, representing 11% annualized growth, contributed by $4.1 billion from mortgage warehouse, $1.3 billion from the consumer digital channel, offset by a $2.7 billion decline in Juris Banking and a $200 million reduction in broker deposits. -- $1.8 billion increase, representing 11% annualized growth, contributed by $4.1 billion from mortgage warehouse, $1.3 billion from the consumer digital channel, offset by a $2.7 billion decline in Juris Banking and a $200 million reduction in broker deposits. Loans Held for Investment -- Grew $916 million, or 7% annualized, now exceeding $53 billion at quarter-end. -- Grew $916 million, or 7% annualized, now exceeding $53 billion at quarter-end. Net Interest Income -- $697 million, a $40 million increase quarter over quarter, equating to 25% annualized growth, driven by higher average earning assets and loan growth. -- $697 million, a $40 million increase quarter over quarter, equating to 25% annualized growth, driven by higher average earning assets and loan growth. Net Interest Margin -- Decreased 2 basis points quarter over quarter to 3.61%, impacted by lower variable loan yields and funds deployment to a new BOLI policy. -- Decreased 2 basis points quarter over quarter to 3.61%, impacted by lower variable loan yields and funds deployment to a new BOLI policy. Non-Interest Income -- $126 million, up $11 million quarter over quarter, aided by commercial banking fees, service charges, a new bank-owned life insurance policy, and securities gains; partially offset by lower mortgage banking income. -- $126 m...