Below are press releases from companies with preferred stock and baby bonds outstanding. Additionally, news of a more macro economic importance may be posted.

Customers Bancorp Reports Results for Fourth Quarter and Full Year 2024
Dime Community Bancshares Declares Quarterly Cash Dividend for Series A Preferred Stock
Midland States Bancorp, Inc. Announces 2024 Fourth Quarter Results
OceanFirst Financial Corp. Announces Quarterly and Annual Financial Results
Carlyle Credit Income Fund Schedules First Quarter Financial Results and Investor Conference Call
Mortgage Rates Drop Below Seven Percent
Dime Community Bancshares, Inc. Reports Fourth Quarter 2024 Results
Valley National Bancorp Reports Fourth Quarter 2024 Results

Energy Transfer LP Announces Cash Distribution on Series I Preferred Units



After reading the first few paragraphs, my overall impression is that Midland States Bank’s 4Q report looked pretty bad. (MSBI seems to be taking steps to fix things.) Asset sales. Items sliding from past due to non accrual to write off, suggesting credit deterioration. Brokered deposits up 2.5x Y2Y but still a small percentage of total deposits.
Googling around bank stat sites, MSBI’s “bad loans vs good assets” metric is worse than its peers (ranked 93/100) but not fatally so, a 15% ratio where 100%+ means the guy in the Uber is from the FDIC. MSBI common yields around 5%. MSBIP preferred, around 7.7%. The common was down after hours. Not too concerned about the preferred. JMO. DYODD.
Absolutely BearNJ–MSBI has been less than upfront on their bad loans.