Territorial Bancorp Inc. Announces 3rd One-fourth 2024 Results
- The company’s tier you to definitely influence and you may exposure-established resource ratios was in fact % and you may %, correspondingly, plus the Organization is said to be well-capitalized from the .
- Ratio out-of low-undertaking property in order to total property out of 0.11% at the .
HONOLULU, (Community NEWSWIRE) — Territorial Bancorp Inc. (NASDAQ: TBNK) (the business), headquartered within the Honolulu, Their state, the new holding business mother of Territorial Coupons Bank, stated a websites death of $step 1,318,000, or $0.15 for every toned down show, to your three months finished .
New Board from Directors accepted a dividend away from $0.01 for every single share. The latest dividend is expected is paid down for the , to help you stockholders of record as of .
Since in past times launched during the a mutual press release awarded , Guarantee Bancorp, Inc. (NASDAQ: HOPE) (Pledge Bancorp) as well as the Business finalized a decisive merger agreement. Underneath the terms of the fresh merger contract, Team stockholders get a predetermined replace ratio out-of 0.8048 express of Hope Bancorp well-known stock in return for for every single show away from Company well-known stock they have, into the an excellent 100% stock-for-inventory purchase cherished from the just as much as $ mil, in accordance with the closure price of Hope Bancorp’s well-known inventory with the . The transaction is meant to be considered since the a taxation-totally free reorganization to own Territorial stockholders.
The fresh grows in the attention income towards almost every other assets and you can funds during brand new one-fourth was basically partly counterbalance by a beneficial $264,000 reduced amount of interest for the financing ties, and that taken place on account of a great $ billion reduced total of the typical bonds balance
Up on completion of exchange, Vow Bancorp intends to keep up with the Territorial franchise in the Their state and you can maintain the fresh new 100-together with year legacy of your Territorial Coupons Bank brand, people and you will commitment to your local teams. (more…)