The Motley Fool

JANUARY 30, 2024

Last week, we notified the Spirit that certain conditions to close may not be satisfied prior to the outside date set out in the merger agreement. We are evaluating our options under the merger agreement, which remains in effect. Operator instructions] Our first question comes from Mike Linenberg, Deutsche Bank.

Mergers and Acquisitions 246

Mergers and Acquisitions Banks Finance Financing 246

Axial

JANUARY 10, 2025

This will help you better understand the entire mergers and acquisitions process, when to engage an advisor, and the role youll play as a business owner in your exit. When to Use Sell-Side Advisory Services At Axial, weve been involved in small business mergers and acquisitions for over 14 years. Reach out today.

Due Diligence 52

Due Diligence Mergers and Acquisitions Bidding Consultants 52

The Motley Fool

APRIL 26, 2024

The second is our anticipated merger with Cambridge Trust, which demonstrates how we are capitalizing on opportunities. Their wealth, deposit, and lending businesses are all very additive to our own and will help us solidify our position as the leading independent bank in the Greater Boston area.

Mergers and Acquisitions 130

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

Private Equity Wire

OCTOBER 22, 2024

Gwen’s practice ranges from in-court restructurings to bespoke, out-of-court liability management solutions. With a broad regulatory and transactional background, he also guides investment advisers in mergers and acquisitions. He has a versatile skillset and deep experience with platform acquisitions and sales.

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Mergers and Acquisitions Leveraged Buyouts Private Equity Firms Private Equity Firms 75

Private Equity Wire

OCTOBER 22, 2024

Private equity’s role in M&A in 2024 In 2023, the financial services (FS) industry experienced a decline in mergers and acquisitions (M&A) for the second consecutive year. Within the three main FS subsectors—capital markets, banking, and insurance—expectations for 2024 M&A activity vary.

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Mergers and Acquisitions Financial Institutions Liabilities Venture Capital 92

The Motley Fool

MAY 7, 2024

Non-GAAP EPS was $0.72, increasing 36% versus prior year, even with the 32% increase in outstanding shares driven by the merger. The combination of these two businesses is one of the strengths of our merger, offering a broad range of product and market-changing innovation. Operations remains the strength of the merger.

Mergers and Acquisitions 130

Mergers and Acquisitions Securities and Exchange Commission (SEC) Accounting Capital 130

The Motley Fool

NOVEMBER 7, 2024

I will also reinforce how we are building a business that will grow profitably without the need for mergers or acquisitions and, therefore, which has the luxury of us looking at external opportunities for the few that may meet our strict value investment criteria. Turning now to Barrick's 100%-owned Fourmile project.

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Mergers and Acquisitions Liabilities Assets Capital 130

The Motley Fool

NOVEMBER 8, 2024

And that was right decision at the time for us, but one of the reasons is not only were interest rates climbing at that time, but as we all recall, there was a -- what turned out to be a rather somewhat small banking crisis at the time, felt like it could, you know, maybe possibly balloon into something larger. Please go ahead.

Debt 130

Debt Shareholders Leveraging Capital 130

The Motley Fool

JULY 23, 2024

In our consumer banking segment, the allowance decreased by $23 million, resulting in a 5 basis-point-decrease to the coverage ratio. And finally, our commercial banking allowance increased by $6 million. However, as we disclosed in our last 10-Q, the announcement of the acquisition of Discover constituted a material business change.

Capital 130

Capital Mergers and Acquisitions Banks Taxes 130

The Motley Fool

JANUARY 26, 2024

As we entered 2023, Eastern and all banks were facing a big challenge with higher interest rates, changing customer preferences, which placed a greater emphasis on liquidity, and general economic headwinds. See the 10 stocks *Stock Advisor returns as of January 22, 2024 banks, marking a very tumultuous time for our industry.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

MAY 9, 2024

While our call today will focus on the results of first-quarter 2024, I do want to provide a few updates on the merger process. See the 10 stocks » *Stock Advisor returns as of May 6, 2024 First, we received overwhelming shareholder approval of the merger on March 12th, helping us achieve a key milestone in the process.

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Mergers and Acquisitions Banks Debt Companies 130

The Motley Fool

AUGUST 17, 2023

We have also expanded our banking solutions with the launch of debit card, and we are now piloting credit cards for Stone clients, and we continue to test our credit product with early results very much in line with our expectations. Now, let's move to the banking performance on Slide 10. Our banking active client base increased 3.2

Banks 228

Banks Leveraging Financial Services Securities and Exchange Commission (SEC) 228

The Motley Fool

APRIL 25, 2024

Since we announced the merger agreement with WillScot Mobile Mini on January 29 and while the transaction is still pending, we continue to operate with a business-as-usual mindset. As always, and now during the pending merger, our focus will remain on the execution of our strategic plans and delivering positive financial results.

Mergers and Acquisitions 130

Mergers and Acquisitions Education Capital Taxes 130

The Motley Fool

APRIL 25, 2024

In our Consumer Banking segment, the allowance increased by $46 million, resulting in a seven-basis-point increase to the coverage ratio. And finally, our Commercial Banking allowance decreased by $7 million, primarily driven by portfolio contraction. Slide 12 shows first quarter results for our Consumer Banking business.

Capital 130

Capital Taxes Banks Mergers and Acquisitions 130

The Motley Fool

NOVEMBER 5, 2024

September 1st marked the one-year anniversary of the Globus NuVasive merger, making this quarter the fourth consecutive combined earnings release with sales growth strong financial performance, and best-in-class innovative product launches. During our third quarter, we passed the one-year mark since the closing of the NuVasive merger.

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Mergers and Acquisitions Securities and Exchange Commission (SEC) Capital Amortization 130

Pension Pulse

JANUARY 31, 2024

AIMCo CEO Evan Siddall wrote an op-ed for the Globe and Mail stating ‘shadow banks’ aren’t a problem for the financial system – they are the solution: During the Great Financial Crisis of 2008-09, society paid a heavy price for having allowed financial institutions to become “too big to fail.” That would have been unthinkable 15 years ago.

Banks 59

Banks Pension Funds Financial Institutions Investing 59

The Motley Fool

APRIL 12, 2024

We're already seeing some central banks in the emerging markets starting to cut rates. The rebound in Banking gained speed during the quarter, led by near-record levels of investment-grade debt issuance as improved market conditions enables issuers to pull forward activity. In the U.S., a soft landing is viewed as increasingly likely.

Banks 130

Banks Mergers and Acquisitions Assets Investment Banks 130

The Motley Fool

AUGUST 1, 2023

First and foremost is the transformational nature of our planned acquisition of Spirit. And we saw double-digit year over year increases in active members, enrollments, and co-brand acquisitions. Questions & Answers: Operator [Operator instructions] Your first question comes from the line of Mike Linenberg from Deutsche Bank.

Mergers and Acquisitions 188

Mergers and Acquisitions Banks Taxes Finance 188

The Motley Fool

OCTOBER 24, 2024

The decrease in this quarter's allowance and coverage ratio was largely driven by allowance releases in our card and consumer banking segments. In our Consumer Banking segment, we released $50 million in allowance, resulting in a 10-basis-point decrease to our coverage ratio. With that, I will turn the call over to Rich.

Capital 130

Capital Mergers and Acquisitions Banks Finance 130

The Motley Fool

JULY 26, 2023

But if you include pending acquisitions, such as Home Point, we're over 950 billion, which is nearly on top of our 1 trillion target. Also contributing to portfolio growth, we completed the acquisition of Rushmore Servicing, which now makes us one of the largest special servicers. And that is now playing out as we foresaw.

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Mergers and Acquisitions Finance Financing Leveraging 130

The Motley Fool

FEBRUARY 22, 2024

Our leverage ratio as calculated under the bank credit agreement was 3.4 As I mentioned at the start of the call, I'm really excited about the recently announced plans for a merger with Berry Global's HHNF business, which is anticipated to close in the second half of 2024. And capex was lower by $4 million. Please go ahead, sir.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Debt Capital 130

The Motley Fool

JULY 30, 2024

We continue to see particular strength in bank loans and structured finance, along with robust growth in high-yield investment-grade bonds. Key contributors to our Vitality Index are unchanged from last quarter as we see strong demand for CARFAX listings and the CARFAX banking and insurance group. Back to the theme of generative AI.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

MAY 9, 2024

Just last month in April, we added more than 1,000 principal agents with our accretive acquisition of Latter & Blum, the largest agency in the Gulf South and New Orleans. We expect this acquisition to be accretive to adjusted EBITDA in 2024, but the additional opex needs to be considered.

Mergers and Acquisitions 130

Mergers and Acquisitions Banks Amortization Public Companies 130

The Motley Fool

JANUARY 25, 2024

Ricky Mulvey: Earnings are back and banks are leading the way. Ricky Mulvey: We've got two big banks reporting today. How does that happen for a massive bank like Goldman Sachs? How does that happen for a massive bank like Goldman Sachs? Goldman, it's an investment bank. You're listening to Motley Fool Money.

Investors 130

Investors Taxes Banks Education 130

The Motley Fool

FEBRUARY 9, 2024

Additionally, the acquisitions of Rushmore Servicing and Roosevelt Management added another 32 billion and brought us best-in-class special servicing capabilities in the infrastructure to launch our first MSR fund. The WMIH merger brought us 1 billion in deferred tax assets. At the time, there was skepticism about their value.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Portfolios Assets 130

The Motley Fool

AUGUST 6, 2024

Yesterday, we announced the second-quarter 2024 earnings and affirmed our full-year 2024 financial guidance, with record Rocky Mountain region volumes, continued progress on acquisition-related synergies and solid demand on our products and services drove our strong second-quarter performance and provide momentum into the second half of 2024.

Mergers and Acquisitions 130

Mergers and Acquisitions Assets Capital Leveraging 130

The Motley Fool

MAY 3, 2024

In the first quarter, we have completed the acquisition of Lindora and are on plan with the integration activities. Along with the growing addressable market for our brands, the acquisition of Lindora has increased our access to the broader health and wellness market. Acquisition and transaction expenses were $4.5

Mergers and Acquisitions 130

Mergers and Acquisitions Liabilities Capital Banks 130

The Motley Fool

FEBRUARY 21, 2024

And I think, now, with the announcement of this Endeavor, you know, merger, we're in control of both the numerator and denominator of that ratio. And that's just one of the other benefits of size and scale that will only be magnified, you know, with the potential from the Endeavor merger. So, I think that's certainly on the table.

Mergers and Acquisitions 130

Mergers and Acquisitions Assets Debt Capital 130

The Motley Fool

OCTOBER 25, 2023

You're seeing the benefit of continued strong operating results, the gain from the trust collapse we mentioned last quarter, and the accretion from closing the home point acquisition which came in consistent with our guidance. Cooper's growth began to take off at this point when we acquired 200 billion-plus portfolio from Bank of America.

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Banks Capital 100

The Motley Fool

MARCH 19, 2024

This acquisition is intended to enhance our game promotion and distribution capabilities in international markets. Operator instructions] Today's first question comes from Lei Zhang from Bank of America Securities. Lei Zhang -- Bank of America Merrill Lynch -- Analyst [Foreign language] Thanks, management, for taking my question.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Mergers and Acquisitions Finance Financing 130

The Motley Fool

FEBRUARY 13, 2024

They also added 12 new venues with the 11 new builds and one purchased via the BigShots acquisition. We also added one venue via acquisition in 2023, and in early January of this year, we purchased one additional venue from BigShots in Bryan, Texas, adjacent to Texas A&M University for approximately $7 million.

Mergers and Acquisitions 130

Mergers and Acquisitions Leveraging Debt Finance 130

The Motley Fool

FEBRUARY 7, 2024

Prismic will enhance our mutually reinforcing business system and drive future growth by leveraging our differentiated brands, global asset and liability origination capabilities, and multichannel distribution. Gibraltar sales were up 27%, primarily driven by higher independent agency sales and growth in the bank channel.

Mergers and Acquisitions 130

Mergers and Acquisitions Capital Assets Liabilities 130

The Motley Fool

NOVEMBER 14, 2023

The next question comes from Lei Zhang from Bank of America. Lei Zhang -- Bank of America Merrill Lynch -- Analyst [Foreign language] Thanks, management, for taking my questions. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Hanyu Liu Thank you.

Securities and Exchange Commission (SEC) 186

Securities and Exchange Commission (SEC) Finance Financing Mergers and Acquisitions 186

The Motley Fool

OCTOBER 11, 2024

NII ex-markets was up $274 million or 1%, driven by the impact of balance sheet mix and securities reinvestment, higher revolving balances in card, and higher wholesale deposit balances, predominantly offset by lower deposit balances in banking and wealth management and deposit margin compression. NIR ex-markets was up $1.8 Expenses of $9.6

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

FEBRUARY 26, 2024

And third, we're in the process of improving our growth performance, specifically our user acquisition through better use of data and stronger models. Could you just talk a little bit more about, I guess, what was not an immediate integration when the -- when the -- when the acquisition was made? We now have one. We now have one.

Mergers and Acquisitions 130

Mergers and Acquisitions Shareholders Professional Services Education 130

The Motley Fool

JANUARY 12, 2024

We've also been investing in the corporate investment bank. CIB revenue grew 26% from a year ago, and our investment banking and trading market shares increased. We continue to attract experienced bankers to our investment bank, helping us drive growth in priority products and sectors.

Banks 130

Banks Assets Investment Banks Investment Banking 130

The Motley Fool

JULY 14, 2023

Regulatory pressure on banks with long-standing issues such as ours continues to grow, and as such, our continued intensive effort to complete the build-out of an appropriate risk and control framework for a company of our size and complexity is critical. at the end of the first quarter to 8.8% at the end of the second quarter.

Banks 130

Banks Assets Investment Banks Investment Banking 130