Below are press releases from companys with preferred stock and/or baby bonds outstanding–or just news of general interest.
CVB Financial Corp. Reports Earnings for the Fourth Quarter and the Year Ended 2023
Raymond James Financial Reports Fiscal First Quarter of 2024 Results
Heartland Financial USA, Inc. (“HTLF”) Announces Common Stock and Series E Preferred Stock Dividends
Atlanticus Announces Offering of Senior Notes
Webster Financial Corporation Declares Common and Preferred Dividends
Schwab Declares Common Stock Dividend and Declares Preferred Stock Dividends
General American Investors Company Preferred Stock – Dividend/Distribution
W. R. Berkley Corporation Reports Fourth Quarter and Full Year 2023 Results
Golar LNG Partners LP Series A Preferred Cash Distribution
Global Partners Declares Fourth-Quarter 2023 Cash Distribution of $0.7000 on Common Units
Sterling Bancorp Reports Fourth Quarter and Full Year 2023 Financial Results
I’m not a seasoned reader of financials but Bridgewater didn’t look bad considering, certainly Not great. There was deposit growth but that came at a cost of paying a higher yield. Asset value was up, profit was down compared to 2022 bad loans were .01 so no added reserves for losses. Bought a lot of common shares so increased book value. Then there is the increased payment to the FDIC pool.
I think we’ll see a lot of regionals reporting similar results.
Be a few banks that may surprise to the upside, just have to watch for the ones reporting increased reserves for projected loan losses.
If I’m wrong about my observations I’m sure someone here will correct me.
Charles–I agree—decent earnings–very low bad debt number. So far so good with the small bankers. We’ll see what the future holds.