2023-01-25 16:06:47 BFST Business First Bancshares
01/25/23 01/2516:06 01/25/2316:06 | Business First Bancshares reports Q 4EPS 67c, consensus 60cReports for the quarter ended December 31,net interest income totaled $56.1M and net interest margin and net interest spread were 4.06% and 3.43%, respectively, compared to $53.5M , 4.01% and 3.65% for the quarter ended September 30. Non-GAAP net interest margin and net interest spread were 3.75% and 3.13%, respectively, for the quarter ended December 31 compared to 3.88% and 3.52% for the quarter ended September 30. Net interest margin excluding loan discount accretion declined from the linked quarter due to a $650,000 acceleration of interest income from full repayment of a nonaccrual loan in July 2022, which accounted for approximately five basis points of the decrease, as well as increased deposit and Federal Home Loan Bank short-term fundings costs during the fourth quarter of 2022, which were mostly offset by increased loan offering rates, repricing, and volume. |
|
---|
Hot Stocks
|
Takeda Pharmaceutical: FDA approves sBLA for expanded use of TAKHZYRO »
18:51 02/03/23 02/0318:51 02/03/2318:51
TAK
Takeda Pharmaceutical
Takeda announced that the… Takeda announced that the U.S. FDA has approved the supplemental Biologics License Application for the expanded use of TAKHZYRO for prophylaxis to prevent attacks of hereditary angioedema in pediatric patients 2 to less than12 years of age. Prior to this approval, the only approved routine prophylaxis treatment options for children 6 to less than12 years of age required dosing every three to four days, and children with HAE 2 to less than 6 years of age had no approved prophylaxis treatment, making TAKHZYRO the first prophylaxis treatment for this age group. The recommended dose is 150 mg/1 mL solution in a single-dose prefilled syringe every four weeks in patients 2 to less than 6 years of age and every two weeks in patients 6 to less than 12 years of age. ShowHide Related Items >><<
|
Hot Stocks
|
LGI Homes announced it closed 331 homes in January »
18:29 02/03/23 02/0318:29 02/03/2318:29
LGIH
LGI Homes
As of January 31, the… As of January 31, the company had 97 active selling communities. ShowHide Related Items >><<
|
Hot Stocks
|
Atento announces successful capital raise »
18:16 02/03/23 02/0318:16 02/03/2318:16
ATTO
Atento
Atento confirms that it… Atento confirms that it has secured its previously announced financing program. The additional capital raised will further strengthen Atento's balance sheet and liquidity position as management focuses on transforming the business. The fourth quarter has continued the positive trend by generating strong EBITDA margin growth, delivering the cash balance to close at $84M on December 31, 2022. ShowHide Related Items >><<
|
Hot Stocks
|
Sony delays 'The Last of Us Part I' PC port to March 28 »
18:07 02/03/23 02/0318:07 02/03/2318:07
SONY
Sony
Sony's Naughty Dog… Sony's Naughty Dog has delated the PC port of 2022 video game "The Last of Us Part I" to March 28 from March 3. The game, which is a remake of the 2013 game of the same name, originally launched in 2022 for PlayStation 5. Reference Link ShowHide Related Items >><<
|
Periodicals
|
Elon Musk prevails in shareholder lawsuit over 2018 tweet, WSJ says »
18:03 02/03/23 02/0318:03 02/03/2318:03
TSLA
Tesla
A jury rejected… A jury rejected shareholder claims that Elon Musk violated federal securities law when he tweeted in 2018 about potentially taking Tesla private, The Wall Street Journal's Rebecca Elliott reports. The nine-person jury said the investors who brought the class-action case failed to prove that Musk hurt them by tweeting about a possible deal. Reference Link ShowHide Related Items >><<
|
Hot Stocks
|
ArrowMark Financial Corp. reports estimated NAV $20.79 as of December 31 »
17:46 02/03/23 02/0317:46 02/03/2317:46
BANX
ArrowMark Financial Corp.
This NAV reflects the… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
BMW invests EUR800M in Mexican production site for electric vehicles »
17:31 02/03/23 02/0317:31 02/03/2317:31
BMWYY
BMW
The BMW Group is… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Getaround files to sell 127.42M shares of common stock for holders
17:24 02/03/23 02/0317:24 02/03/2317:24
GETR
Getaround
ShowHide Related Items >><<
|
Syndicate
|
Kiora Pharmaceuticals files to sell 1.05M shares of common stock for holders
17:23 02/03/23 02/0317:23 02/03/2317:23
KPRX
Kiora Pharmaceuticals
ShowHide Related Items >><<
|
Syndicate
|
Durect announces $10M registered direct offering of common stock, warrants »
17:21 02/03/23 02/0317:21 02/03/2317:21
DRRX
Durect
Durect announced that it… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
IO Biotech files $250M mixed securities shelf
17:21 02/03/23 02/0317:21 02/03/2317:21
IOBT
IO Biotech
ShowHide Related Items >><<
|
Conference/Events
|
Activision Blizzard management to meet virtually with Benchmark »
17:08 02/03/23 02/0317:08 02/03/2317:08
ATVI
Activision Blizzard
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Lilium files to sell 3.1M Class A ordinary shares for holders
17:08 02/03/23 02/0317:08 02/03/2317:08
LILM
Lilium
ShowHide Related Items >><<
|
Syndicate
|
Hempacco files to sell 4.73M shares of common stock »
17:06 02/03/23 02/0317:06 02/03/2317:06
HPCO
Hempacco
The company currently… Story temporarily locked. ShowHide Related Items >><<
|
Hot Stocks
|
Forest Road Acquisition Corp. II, HyperloopTT terminate merger agreement »
17:02 02/03/23 02/0317:02 02/03/2317:02
FRXB
Forest Road Acquisition Corp. II
Hyperloop Transportation… Story temporarily locked. |
Syndicate
|
SAB Biotherapeutics files to sell 7.36M shares of common stock for holders
17:02 02/03/23 02/0317:02 02/03/2317:02
SABS
SAB Biotherapeutics
ShowHide Related Items >><<
|
Hot Stocks
|
GAP Airports reports preliminary January passenger traffic up 33.1% »
17:01 02/03/23 02/0317:01 02/03/2317:01
PAC
GAP Airports
For January 2023, the… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Columbia Sportswear management to meet virtually with Seaport Global »
17:00 02/03/23 02/0317:00 02/03/2317:00
COLM
Columbia Sportswear
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Conference/Events
|
Bread Financial management to meet virtually with Seaport Global »
16:59 02/03/23 02/0316:59 02/03/2316:59
BFH
Bread Financial
Virtual Meeting to be… Story temporarily locked. ShowHide Related Items >><<
|
Syndicate
|
Comera Life Sciences files to sell 7.22M shares of common stock for holders
16:57 02/03/23 02/0316:57 02/03/2316:57
CMRA
Comera Life Sciences
ShowHide Related Items >><<
|
Syndicate
|
Travelzoo files to sell 3.41M shares of common stock for holders
16:54 02/03/23 02/0316:54 02/03/2316:54
TZOO
Travelzoo
ShowHide Related Items >><<
|
Hot Stocks
|
KVH Industries enters support agreement with Black Diamond Capital »
16:49 02/03/23 02/0316:49 02/03/2316:49
KVHI
KVH Industries
KVH Industries announced… KVH Industries announced that it has entered into a support agreement with Black Diamond Capital Management, L.L.C. and certain of its affiliates. Pursuant to the Agreement, the company has committed to nominate and support Black Diamond Managing Principal Stephen Deckoff as an independent Class III director at the company's 2023 Annual Meeting of Stockholders, subject to certain conditions. Deckoff will begin serving as a non-voting observer of the company's Board of Directors. Additionally, the company has granted Black Diamond a waiver under the company's stockholder rights plan allowing Black Diamond to acquire up to 25% of the company's outstanding common stock. The company will accept the resignation of one of its incumbent directors, which resignation will become effective at the 2023 Annual Meeting. Following the election of Deckoff at the 2023 Annual Meeting, the KVH Board will continue to have seven directors. ShowHide Related Items >><<
|
General news
| Treasury Market Summary:… Treasury Market Summary: a blowout January jobs report crushed a Treasury market which had geared itself up for a an end to Fed rate hikes next month and rate cuts later in the year. Broadbased strength in report and a solid pop in the iSM services index added to signs of a still tight labor market and a resilient economy, while contradicting expectations of a recession. Nearly every aspect of employment release were stronger than expected, not just the 517k pop in payrolls and the dive in the unemployment rate to 3.4%. Treasury yields reacted immediately, knee-jerking higher and extending up through the day. The 2-year jumped 22 bps higher to hit 4.313%, the highest since January 4. The refunding issues cheapened measurably with the wi 3-year 20 bps cheaper at 3.95%, the wi 10-year 16.5 bps higher to 3.54%, and the wi 30-year up 11 bps to 3.67%. Wall Street was choppy as it assessed whether the report was good news on the economy, or bad news as it supported the higher for longer Fed rate stance. It was ultimately deemed "bad news" and the surge in rates exacerbated the selloff. The NASDAQ closed with a 1.59% loss, though had been down over 2% early on. The S&P 500 fell -1.04%, and the Dow slumped -0.38%. The DXY rallied and extended gains into the close, rising 2-handles to 103.006 from a low of 101.546 before finishing at 102.965. Implied Fed funds futures settled with 5% rate in June and July, though still showing rate cuts by year end. ShowHide Related Items >><<
|
Syndicate
|
Vapotherm files $200M mixed securities shelf
16:39 02/03/23 02/0316:39 02/03/2316:39
VAPO
Vapotherm
ShowHide Related Items >><<
|
Hot Stocks
|
RH says certain financial statements 'should no longer be relied upon' »
16:39 02/03/23 02/0316:39 02/03/2316:39
RH
RH
In a regulatory filing,… In a regulatory filing, the company said, "During the preparation of our response to a comment letter from the Division of Corporation Finance of the SEC related to a routine review of our Annual Report on Form 10-K for the fiscal year ended January 29, 2022, and Quarterly Report on Form 10-Q for the fiscal quarter ended October 29, 2022, RH became aware of errors in the calculation of net income per share. On February 1, 2023, the Audit Committee of the Board of Directors, after discussion with our senior leadership and independent registered public accountants, determined that our previously unaudited financial statements for the three months ended April 30, 2022, the three and six months ended July 30, 2022, and the three and nine months October 29, 2022 should no longer be relied upon due to material unintentional errors in certain of these financial periods with respect to our calculation of basic and diluted net income per share. Accordingly, a restatement is required to correct these errors and our Prior Financial Statements for each of the quarterly periods ended April 30, 2022, July 30, 2022, and October 29, 2022 included in the associated Form 10-Qs previously filed with the SEC should no longer be relied upon. The unintentional errors in the Prior Financial Statements were as follows: We misinterpreted relevant authoritative guidance and added back the pre-tax loss on extinguishment of debt in connection with a portion of the convertible senior notes in the computation of net income available to common stockholders used in calculating basic net income per share. As a consequence of the above errors, the computation of diluted net income per share was therefore incorrect as a result of the anti-dilutive impact of (i) adding back the pre-tax loss on extinguishment of debt and (ii) including the potential shares related to the extinguished convertible senior notes in the calculation of weighted-average diluted shares. The miscalculation of diluted net income per share became evident when correcting for the errors to basic net income per share. We will file amendments to our Quarterly Reports on Form 10-Q for the fiscal quarters ended April 30, 2022, July 30, 2022, and October 29, 2022 to correct these errors. Similarly, basic and diluted net income per share and related financial information affected by the restatement that is included in any previously issued or filed reports, press releases, earnings releases, shareholder letters, and investor presentations or other communications covering the Non-Reliance Periods should no longer be relied upon." ShowHide Related Items >><<
|