🚀 Top 5 Hot Picks You Can’t Miss - Event Insights 10/22

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Daniel from StockNews.AI
October 22, 2024

đź“Š Q3 Reports Are Out - Mixed Results with Record Revenues Amid Income Declines.

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Here’s what you need to know today, 10/22.

GlobalNewsWire

BearishShortTermTHFFEarnings

First Financial Corporation Reports Third Quarter Results

  1. Third quarter net income decreased to $8.7 million from $16.3 million.
  2. Acquisition of SimplyBank boosted loans by $558 million, a 17.74% increase.
  3. Credit loss provision rose significantly to $9.4 million from $1.2 million.
  4. Total deposits increased by $676 million due to SimplyBank acquisition.
  5. Net interest income increased 14.63% to $47.2 million.
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PRNewsWire

NeutralShortTermIVZEarnings

Invesco Reports Results for the Three Months Ended September 30, 2024

  1. Invesco reported a diluted EPS of $0.12, down 58.6% YoY.
  2. $16.5 billion net inflows driven by ETFs and Multi-Asset products.
  3. Record AUM reached $1.8 trillion, a 4.7% increase from Q2.
  4. Operating income decreased by 51.4%, impacted by one-time expenses.
  5. Repurchased 1.5 million shares for $25 million in Q3.
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Business Wire

BullishShortTermCBUEarnings

Community Financial System, Inc. Reports Third Quarter 2024 Results

  1. Q3 2024 net income was $43.9 million, up $0.01 year-over-year.
  2. Total revenues reached a record $188.9 million, a 7.7% increase year-over-year.
  3. Net interest income was $112.7 million, increasing 4.6% from Q3 2023.
  4. Total loans increased to $10.25 billion, marking consistent growth for 13 quarters.
  5. Ending deposits rose to $13.48 billion, up 3.4% from the prior year's Q3.
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Business Wire

BullishShortTermBKUEarnings

BankUnited, Inc. Reports Third Quarter 2024 Results

  1. BankUnited reported Q3 2024 net income of $61.5 million.
  2. Net interest margin increased to 2.78%, with strong credit management.
  3. Total loans declined by $230 million; core segments showed mixed performance.
  4. Non-performing loans rose to 0.92% of total loans, reflecting some weaknesses.
  5. Liquidity remains strong with $15.0 billion in available liquidity.
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Business Wire

BullishShortTermBANCEarnings

Banc of California, Inc. Reports Third Quarter 2024 Financial Results Which Include Balance Sheet Repositioning

  1. Banc of California reported a loss of $0.01 per share.
  2. Adjusted EPS of $0.25 reflects strong earnings growth.
  3. Net interest margin improved to 2.93%, driven by lower costs.
  4. Sold $1.95 billion in loans, enhancing capital ratios.
  5. Total deposits decreased by $2 billion, affecting liquidity.
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