The Motley Fool

AUGUST 11, 2023

So what Open Lending offers automated lending services to banks and financial institutions that provide auto loans. per share, while adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) fell 39% year over year to $20.7 as of noon ET on Friday. Net income in the quarter was down 51% to $11.4

Financial Institutions 130

Financial Institutions Amortization Depreciation Earnings Before Interest 130

The Motley Fool

AUGUST 9, 2023

So what Open Lending is a firm that provides automated lending services to financial institutions that offer auto loans. million a year ago, while adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) was $20.7 The number of facilitated certified loans was down from 44,531 in Q2 2022.

Financial Institutions 130

Financial Institutions Amortization Depreciation Earnings Before Interest 130

The Motley Fool

AUGUST 7, 2023

The stock soared nearly 20% as the reported revenue and earnings exceeded analysts' expectations Seeing how well the fintech bank performed this year despite recent financial institution failures and the subsequent extreme volatility among banking stocks is incredible. As of July 31, 2023, the stock was up a whopping 148% for the year.

Financial Institutions 130

Financial Institutions Investing Banks Financial Services 130

The Motley Fool

AUGUST 14, 2024

The acquisition will help SoundHound move into other industry verticals such as financial institutions, insurance, retail, and healthcare. per share, while its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) loss widened to $13.8 However, the company continues to lose money.

Financial Institutions 130

Financial Institutions Amortization Depreciation Earnings Before Interest 130

The Motley Fool

JUNE 22, 2024

A digital-only approach enabled it to scale up its business at a much faster rate than its brick-and-mortar competitors, and it's now the fourth-largest financial institution in Latin America. Its adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) also turned negative in 2023.

Financial Institutions 130

Financial Institutions Amortization Depreciation Earnings Before Interest 130

The Motley Fool

FEBRUARY 3, 2024

Beating expectations For years, SoFi has been able to point to positive adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ). SoFi is intent on becoming a top 10 financial institution.

Banks 130

Banks Financial Services Financial Institutions Amortization 130

The Motley Fool

JANUARY 31, 2024

Adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) turned positive after a loss the year before, and adjusted net income was $14 million. Two-sided model Pagaya sells its loans to financial institutions as asset-backed securities (ABS), gaining money to use for new loans.

Due Diligence 130

Due Diligence Bidding Financial Institutions Amortization 130

The Motley Fool

JULY 8, 2023

One significant benefit is open protocols improve Block's ability to compete with larger financial institutions. And with it producing almost $6 billion in gross profit and $991 million in earnings before interest, taxes, depreciation, and amortization ( EBITDA ) in 2022, it has a strong business.

Companies 130

Companies Financial Institutions Amortization Banks 130

The Motley Fool

JANUARY 1, 2024

He specifically said that these up-and-coming financial institutions don't need to abide by many of the same regulatory requirements as traditional banks. CEO Anthony Noto has even set a goal of becoming a top-10 financial institution in the United States. bank in consolidated assets as of Sept.

Financial Institutions 100

Financial Institutions Banks Amortization Depreciation 100

The Motley Fool

OCTOBER 4, 2024

On the basis of adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ), Hims & Hers Health brought in $39.3 These fees are paid by Mastercard's customers, which are financial institutions that issue debit and credit cards with the company's brand. million in the same time frame last year.

Financial Institutions 100

Financial Institutions Amortization Depreciation Earnings Before Interest 100

The Motley Fool

MAY 15, 2024

Entering fiscal 2024, we added approximately 300 basis points of non-GAAP operating margin from fiscal 2023, plus grew pre-tax free cash flow margins by 200 basis points. We won a nine-figure multiyear TCV expansion with a top 20 global financial institution. Our non-GAAP EPS includes an effective cash tax rate of 17.4%.

Leveraging 130

Leveraging Taxes Accounting Capital 130

The Motley Fool

MARCH 20, 2024

On top of this solid base, we're providing additional products and services in collaboration with licensed financial institutions, which generates high incremental margins as these revenues are recorded on a net fee basis. Income tax expense rose by 111% year on year to 9.7 On a non-IFRS basis, share of profit increased to 4.5

Accounting 246

Accounting Shareholders Financial Institutions Leveraging 246

The Motley Fool

NOVEMBER 29, 2023

We built this company and continue to innovate our technology so the world's best financial institutions can more efficiently run their operations on a single platform. Our mortgage customer base is now 46% financial institutions on a logo basis, versus 25% at the time of the acquisition of SimpleNexus. million, or $0.14

Banks 130

Banks Leveraging Financial Institutions Professional Services 130

The Motley Fool

FEBRUARY 20, 2025

Our GAAP effective tax rate for the quarter came in at 24.8%, and our non-GAAP effective tax rate was 24%. Our GAAP effective tax rate for the year was 22.2%. Our non-GAAP effective tax rate was 24%. We expect our GAAP effective tax rate to be approximately 24%. of revenue in Q4 of last year. Earnings per share.

Taxes 130

Taxes Consultants Consulting Financial Services 130

The Motley Fool

JUNE 6, 2024

I would now like to turn the presentation over to your host for today's conference, Julie Kerekes, senior managing director of global tax and investor relations. Julie Kerekes -- Treasurer and Senior Managing Director of Global Tax and Investor Relations Thank you, and good morning, everyone. Please proceed, Ms. a year ago.

Taxes 130

Taxes Leveraging Capital Financing 130

The Motley Fool

DECEMBER 5, 2023

In addition to pressure from lower SNAP payments, Family Dollar's comps were negatively affected by lower tax refunds this year. Our effective tax rate was 21.8% Our tax rate was favorable versus expectations as higher work opportunity tax credits and lower net state taxes were partially offset by higher nondeductible expenses.

Taxes 130

Taxes Depreciation Leveraging Liabilities 130

The Motley Fool

FEBRUARY 9, 2024

The WMIH merger brought us 1 billion in deferred tax assets. The market expects somewhat lower rates in 2024, which could create some margin pressure for servicing in terms of higher amortization expense and lower levels of interest income. At the time, there was skepticism about their value. Welcome, Mike.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

MAY 16, 2024

Many of the world's largest airlines, energy companies, financial institutions, along with government organizations, count on DXC for the systems at the heart of their business. adjusted EBIT impact, higher taxes of $0.08, and a noncontrolling interest impact of $0.03. to $3 with an assumed non-GAAP effective tax rate of 30%.

Resale 130

Resale Consulting Consultants Debt 130

The Motley Fool

MAY 2, 2024

First, we moved to a consistent measure of profitability of operating income across each segment of our business that excludes amortization of acquired intangible assets. At the end of March, the fair value of our equity portfolio included cumulative pre-tax unrealized gains of $7 billion.

Liabilities 130

Liabilities Shareholders Asset Management Portfolios 130

The Motley Fool

JANUARY 19, 2024

This morning, we reported full year 2023 earnings of $2 billion, reflecting record pre-tax pre-provision income of $3.2 The terminated swaps are in the amortization already. Dave Turner -- Chief Financial Officer Yeah. We appreciate you joining our call today. However, the pace of remixing has slowed.

Banks 130

Banks Leveraging Capital Portfolios 130

The Motley Fool

AUGUST 27, 2024

One global financial institution, we replaced the patchwork of four of their next-gen and legacy endpoint vendors through a rigorous POC evaluation, Singularity platform was selected because of its multi-tenancy, broad operating system coverage, and leading AI-based security.

Shareholders 130

Shareholders Best Practices Liabilities Accounting 130

The Motley Fool

JANUARY 12, 2024

Throughout 2023, we added new heads and co-heads of equity capital markets, global mergers and acquisitions, financial institutions, financial sponsors, healthcare, and technology, media, and telecom. per share of discrete tax benefits related to the resolution of prior-period tax matters. billion or $0.40

Banks 130

Banks Assets Investment Banking Investment Banks 130

The Motley Fool

JULY 27, 2023

That said, we are seeing some signs of adverse market sentiment, particularly from large financial institutions in the United States that are impacting our revenue growth in the short-term as others in the space have also called out. We believe these headwinds are temporary, while the growth drivers are secular.

Securities and Exchange Commission (SEC) 100

Securities and Exchange Commission (SEC) Banks Debt Capital 100

The Motley Fool

OCTOBER 24, 2023

Using our service, Visa financial institution clients can receive funds in real-time through the FedNow service with origination capabilities to follow. Our GAAP tax rate was 16.9% and non-GAAP was 17% due to a tax benefit related to the extension of the U.S. In Q4, Visa became a certified service provider for FedNow.

Taxes 130

Taxes Banks Consultants Consulting 130

The Motley Fool

JULY 24, 2024

Our total debt-to-enterprise value was approximately 30%, while our fixed-charge coverage ratio, which includes principal amortization and the preferred dividend, is very healthy at 4.7 Our results for the quarter include the recognition of approximately $2 million of lease termination fees from a financial institution.

Debt 130

Debt Capital Assets Asset Management 130

Pension Pulse

FEBRUARY 12, 2024

It's the right thing to do for retirement security and for the Canadian economy as a whole because as more people retire in dignity and security, they can spend more and governments can collect more taxes. Government tax revenues will track higher, too, a fact often lost in the conversation about Canada’s pension system.

Taxes 59

Taxes Amortization Financing Finance 59

The Motley Fool

MARCH 13, 2024

In Q4, we continue to set new customer acquisition records for technology pioneers and multinational industrials to leading financial institutions and federal agencies. These non-GAAP measures are not intended to be a substitute for our GAAP results.

Shareholders 130

Shareholders Accounting Companies Financial Institutions 130

The Motley Fool

FEBRUARY 3, 2025

Interest rates should keep declining Upstart's business flourishes when interest rates are low, while rising rates usually drive people to take out fewer loans and financial institutions to put less money on the table. YOY = Year-over-year. That acceleration indicates Upstart has already passed its cyclical trough.

Financial Institutions 230

Financial Institutions Enterprise Values Amortization Depreciation 230

The Motley Fool

MARCH 25, 2025

Their partnered banks and financial institutions actually issue the co-branded cards and handle the accounts, while Visa and Mastercard simply charge "swipe fees" every time those cards are used. American Express American Express is often compared to Visa (NYSE: V) and Mastercard (NYSE: MA) , but it operates a different business model.

Banks 130

Banks Financial Institutions Amortization Depreciation 130

The Motley Fool

DECEMBER 23, 2024

Sycamore will probably need to bring other financial institutions on board to meet the numbers necessary to pull off an acquisition of Walgreens and its enormous chain of retail assets. The Wall Street Journal recently reported that Walgreens is in talks with a private equity group called Sycamore Partners regarding a potential sale.

Portfolios 130

Portfolios Financial Institutions Amortization Depreciation 130

The Motley Fool

JULY 18, 2023

billion after tax and grew earnings per share 21% over the second quarter of 2022. Lastly, and just as a reminder, our tax rate benefits from ESG investments, and those are somewhat offset by operating losses on the ESG investments which show up in other income. And we continue to expect a tax rate of 10% to 11% for the rest of 2023.

Banks 100

Banks Leveraging Taxes Accounting 100

The Motley Fool

DECEMBER 4, 2024

This includes some of the largest financial institutions in the world and other strategic opportunities, as well as more channel engagements. These non-GAAP measures are not intended to be a substitute for our GAAP results. Overall, there is more awareness, consideration, and interest in SentinelOne than ever before.

Legal 245

Legal Leveraging Financing Finance 245

The Motley Fool

DECEMBER 18, 2024

[Operator instructions] I'll now turn the presentation over to your host for today's conference, Julie Kerekes, treasurer and senior managing director of Global Tax and investor relations. Julie Kerekes -- Senior Managing Director, Global Tax and Investor Relations Thank you, and good morning, everyone. Please proceed, Ms. a year ago.

Taxes 130

Taxes Leveraging Shareholders Capital 130

The Motley Fool

MARCH 12, 2025

Next, a leading financial institution switched from Splunk to AI SIEM, reducing costs and improving performance. These non-GAAP measures are not intended to be a substitute for our GAAP results. The multi-million dollar deal increased the customer size by 5x.

Companies 246

Companies Leveraging Stakes Accounting 246

The Motley Fool

FEBRUARY 12, 2025

Our biggest logo win is with a global Fortune 25 financial institution who we are extremely excited to work with and with whom we hope to expand our business for years to come. We continue our focus on the customer acquisition motion and reducing the onboarding friction at Fastly.

Capital 130

Capital Accounting Amortization Liabilities 130

The Motley Fool

JANUARY 24, 2025

This combination not only solidifies our position as the largest commercial bank headquartered in Greater Boston and a leading financial institution in New England but also allows us to deliver a broader suite of offerings to our customers, greater opportunities for our colleagues, and even stronger commitment to the communities we serve.

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Banks Assets 130

The Motley Fool

JANUARY 30, 2025

We have a well-planned, balanced strategy that serves financial institution, crypto players and, of course, consumers to drive growth and provide choice in this space. Finally, we expect a non-GAAP tax rate in the range of 20% to 21% for the full year and approximately 20% for Q1 based on the current geographic mix of our business.

Banks 130

Banks Leveraging Liabilities Taxes 130