Simmons Misses Q1 Expectations as Profit Falls 30%
CEO Bob Fehlman said the lender faced challenges from rising interest rates and heightened market volatility, but deposits were stable and the bank ended the period with solid liquidity. read more >
CEO Bob Fehlman said the lender faced challenges from rising interest rates and heightened market volatility, but deposits were stable and the bank ended the period with solid liquidity. read more >
Rising wages and operating expenses, along with litigation charges, weighed down income. read more >
First-quarter net income was $165.9 million, up more than 29% from the same period a year ago. read more >
Elsewhere in the company's earnings report, shrinking deposits reflected economic weakness. read more >
Income was $197.8 million, a nearly 19% drop from the same period a year ago. read more >
CEO Richard Howe said major improvements to the marketing tech firm's IntentKey platform, which he compared to ChatGPT, are coming soon. read more >
An increase in sales was offset by rising labor and production costs, among other challenges. read more >
Investment properties gained value at a slower rate than the previous year, but other measures of performance were strong. read more >
The news wasn't received well by investors. Shares of the company plummeted 30% Wednesday morning. read more >
The company also reported another writedown in the value of its fiber segment, this time for $24.5 million. read more >
It was the third consecutive quarter with a sharp decrease in profits for the auto retailer. read more >
The trucking company reported significantly higher operating expenses in 2022. read more >
The company's income was hit by lower beef prices and "operational inefficiencies," CEO Donnie King said. read more >
Quarterly income fell 43% as freight tonnage decreased. read more >
Fourth-quarter results were solid, but fell short of Wall Street expectations. read more >
Expansion expenses hit income, but they also contributed to double-digit percentage gains in loans and deposits. read more >
The bank reported slowing activity in its commercial loan pipeline, which it attributed to "softening prospects of economic growth." read more >
For the full year, the bank's credit loss provisions totaled $83.5 million, compared to a negative provision of $77.9 million in 2021. read more >
“It’s obvious all banks are not created equal," Chairman John Allison said. read more >
The company reported a 27% decline in volume in its Integrated Capacity Solutions segment. read more >
