Category: Business

Business News from around the world.

TriplePoint Venture Growth BDC Corp. to Announce 2021 First Quarter Financial Results on Wednesday, May 5, 2021

MENLO PARK, Calif.–(BUSINESS WIRE)–TriplePoint Venture Growth BDC Corp. (NYSE: TPVG) (the “Company”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology, life sciences and other high growth industries, today announced it will release its financial results for its first quarter ended March 31, …

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Primerica Schedules First Quarter 2021 Financial Results Webcast

DULUTH, Ga.–(BUSINESS WIRE)–Primerica, Inc. (NYSE:PRI) announced today that it will hold a webcast on Thursday, May 6, 2021 at 10:00 a.m. Eastern to discuss the Company’s results for the quarter ended March 31, 2021, as well as other business-related matters, including future expectations. A news release announcing the quarter’s results will be distributed on Wednesday, …

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TriState Capital Reports First Quarter 2021 Results Including EPS of $0.35, Net Income Growth, and Record Levels of Pre-tax Income, Net Interest Income, Assets Under Management, Loans and Deposits

— Breakout quarter for investment management business with growth in fees, net inflows and AUM, while double-digit annual loan growth was achieved with the second consecutive quarter of net interest margin expansion — PITTSBURGH–(BUSINESS WIRE)–TriState Capital Holdings, Inc. (Nasdaq: TSC) reported first quarter 2021 financial results including net income growth, record pre-tax income and net …

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RLI Reports First Quarter 2021 Results

PEORIA, Ill.–(BUSINESS WIRE)–#RLI–RLI Corp. (NYSE: RLI) – RLI Corp. reported first quarter 2021 net earnings of $73.0 million ($1.60 per share), compared to a net loss of $61.3 million (-$1.36 per share) for the first quarter of 2020. Operating earnings(1) for the first quarter of 2021 were $39.6 million ($0.87 per share), compared to $29.8 …

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First Home Bancorp, Inc. Reports Record Earnings for First Quarter 2021

ST. PETERSBURG, Fla.–(BUSINESS WIRE)–First Home Bancorp, Inc. (OTCQX: FHBI) (“FHBI” or the “Company”), parent company of First Home Bank (“First Home” or the “Bank”) reported record earnings for the first quarter of 2021, driven by mortgage banking income, as well as loan origination fees and net interest income associated with the Paycheck Protection Program (“PPP”). …

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D.R. Horton, Inc. Announces New $1.0 Billion Stock Repurchase Authorization

ARLINGTON, Texas–(BUSINESS WIRE)–$DHI—D.R. Horton, Inc. (NYSE:DHI), America’s Builder, announced today that its Board of Directors has authorized a new $1.0 billion stock repurchase authorization replacing the Company’s previous authorization. The new authorization has no expiration date. The Company’s prior $1.0 billion stock repurchase authorization had $465.5 million remaining at December 31, 2020. During the three …

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Limestone Bancorp Reports Net Income of $3.2 million, or $0.43 per Share, for the 1st Quarter of 2021

LOUISVILLE, Ky.–(BUSINESS WIRE)–$LMST–Limestone Bancorp, Inc. (NASDAQ: LMST) (“the Company”), parent company of Limestone Bank (“the Bank”), today reported unaudited results for the first quarter of 2021. Net income available to common shareholders for the first quarter of 2021 was $3.2 million, or $0.43 per basic and diluted common share, compared with $1.8 million, or $0.25 …

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Orion Acquisition Corp. Announces the Separate Trading of its Shares of Class A Common Stock and Warrants Commencing April 22, 2021

NEW YORK–(BUSINESS WIRE)–Orion Acquisition Corp. (Nasdaq: OHPAU) (the “Company”) announced today that, commencing April 22, 2021, holders of the units sold in the Company’s initial public offering of 41,400,000 units, completed on March 4, 2021, may elect to separately trade the shares of Class A common stock and warrants included in the units. Those units …

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Affirm to Announce Third Quarter 2021 Results on May 10, 2021

SAN FRANCISCO–(BUSINESS WIRE)–Affirm Holdings, Inc. (NASDAQ: AFRM), a more flexible and transparent alternative to credit cards, today announced it will host a conference call and webcast to discuss third quarter fiscal year 2021 financial results on Monday, May 10, 2021 at 5:00pm ET. Hosting the call will be Max Levchin, Founder and Chief Executive Officer, …

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Howard Bancorp, Inc. Reports First Quarter 2021 Results

BALTIMORE–(BUSINESS WIRE)–Howard Bancorp, Inc. (NASDAQ: HBMD) (“Howard Bancorp” or the “Company”), the parent company of Howard Bank (“Howard Bank” or the “Bank”), today reported its financial results for the quarter ended March 31, 2021. First Quarter 2021 Highlights Strong net income growth: Net income, of $6.2 million for the quarter, was up 86% from first …

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KBRA Assigns Preliminary Ratings to Octane Receivables Trust 2021-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to three classes of notes issued by Octane Receivables Trust 2021-1 (“OCTL 2021-1”), a powersports equipment loan ABS transaction. OCTL 2021-1 will issue three classes of notes totaling $305.0 million. The transaction is expected to be collateralized by approximately $305.0 million of fixed rate installment …

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Best’s Market Segment Report: AM Best Maintains Stable Outlook on Italian Non-Life Insurance Segment

AMSTERDAM–(BUSINESS WIRE)–AM Best has maintained a stable market segment outlook on the Italian non-life insurance segment. Key supporting factors include a projected recovery in premium volumes following a contraction in 2020 due to the effect of the COVID-19 driven economic slowdown, the expected maintenance of strong underwriting profitability, limited exposure to catastrophe losses and resilient …

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Alliant Announces Definitive Merger Agreement with Personal Lines Insurance Leader Confie

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–#Acquisitions—Alliant has entered into a definitive merger agreement with Confie, the largest personal lines insurance distributor in the U.S. The agreement includes Confie’s robust family of leading personal insurance brands and more than 1 million customers. Confie and its more than 3,500 employees is currently a portfolio company of Abry Partners, a …

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AM Best Upgrades Credit Ratings of Members of Old Republic Title Insurance Group; Affirms Credit Ratings of Other Subsidiaries of Old Republic International Corporation

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “aa-” from “a+” of Old Republic National Title Insurance Company (Tampa, FL) and American Guaranty Title Insurance Company (Oklahoma City, OK) (collectively referred to as Old Republic Title Insurance …

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Union Home Mortgage Foundation Announces First Grant Recipients of 2021

Foundation commits more than $70,000 in funds to organizations in five states STRONGSVILLE, Ohio–(BUSINESS WIRE)–The Union Home Mortgage Foundation, a charitable organization whose mission is to equip families with the tools and resources to achieve economic self-sufficiency, has announced its grant recipients for the first quarter of 2021. The list includes 11 recipients across five …

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KBRA Assigns Preliminary Ratings to Marlette Funding Trust 2021-1

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to four classes of notes issued by Marlette Funding Trust 2021-1 (“MFT 2021-1”), a $246.098 million consumer loan ABS transaction. The preliminary ratings reflect initial credit enhancement levels of 45.70% for the Class A Notes to 9.65% for the Class D Notes. Credit enhancement consists …

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XIFIN Executives to Share Insights for Driving 15% Increase in Outpatient and Ancillary Services Profit in Upcoming HFMA Webinar

Recently-promoted COO joins XIFIN CEO and HFMA research lead to discuss how outpatient-specific RCM optimizes operational visibility and revenue versus traditional EHRs SAN DIEGO–(BUSINESS WIRE)–In an upcoming Healthcare Financial Management Association (HFMA) member webinar, XIFIN Executive Chairman and CEO Lâle White and Kyle Fetter, recently promoted to chief operating officer at XIFIN, will discuss the …

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Affirm and Ulla Johnson Bring Customers a New Way to Buy Signature Statement Pieces

Ulla Johnson’s line of artisanal, ultra-feminine ready-to-wear items now available in biweekly or monthly payments, with no hidden or late fees SAN FRANCISCO–(BUSINESS WIRE)–Affirm, a more flexible and transparent alternative to credit cards, today announced a partnership with Ulla Johnson, the esteemed label of effortless, free-spirited womenswear. Now, eligible consumers can shop Ulla Johnson’s collection …

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