The Motley Fool

OCTOBER 25, 2023

Servicing generated 301 million in pre-tax income, although bear in mind the gain from the trust collapse contributed 67 million. I'm going to start on Slide 7 and talk about servicing where we generated a record 301 million in pre-tax operating income this quarter. Now, let's turn to Slide 12.

Mergers and Acquisitions 100

Mergers and Acquisitions Taxes Capital Banks 100

The Motley Fool

APRIL 26, 2024

The overall effective tax rate for the quarter was 21%. Of note in the quarter, we resolved one of the NPLs we discussed in Q3 of last year through a collateral sale. We expect the sale of that collateral over the next few quarters and have provisioned for that outcome in our Q1 results. Charge-offs in the quarter were $7.3

Mergers and Acquisitions 130

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

Pension Pulse

NOVEMBER 20, 2023

Up until 2005, Canadian federal income tax legislation restricted foreign investment by Canadian pensions. And this was now possible because the federal tax restrictions on foreign investment that were in place up until 2005 had been removed. China and Russia). Investors need be prepared for and accept this added risk.

Pension Funds 59

Pension Funds Investing Leveraging Assets 59

The Motley Fool

JULY 26, 2023

Turning to operations, the servicing team produced excellent results with 182 million in pre-tax income. Originations reported pre-tax income of 38 million, which exceeded the guidance we gave you last quarter. Finally, I'd like to update you about the 50 million change in our deferred tax assets in the quarter.

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Mergers and Acquisitions Leveraging Financing Finance 130

The Motley Fool

FEBRUARY 20, 2024

We also executed several liability management transactions during the year. Operating and maintenance expense in the fourth quarter was $569 million, which is slightly higher than our guidance, mainly due to certain customs duties, indirect taxes, and litigation costs incurred mostly in South America.

Debt 130

Debt Shareholders Assets Capital 130

The Motley Fool

NOVEMBER 1, 2023

For the third quarter, we reported a GAAP net loss of $143 million, which included a $110 million tax provision expense. This non-cash tax expense was related to the reestablishment of our valuation allowance on our deferred tax asset, directly related to our Bitcoin holdings. billion in current market value.

Education 130

Education Assets Leveraging Debt 130

The Motley Fool

AUGUST 7, 2024

For the remainder of 2024 for modeling purposes, you should assume nominal to no tax expense or benefit. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. million to $2.9 The Motley Fool has no position in any of the stocks mentioned.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Leveraging Funds Collateral 130

The Motley Fool

JULY 26, 2024

We did move one loan into NPL status and have the collateral of that loan and the collateral of the NPL from last quarter, both being marketed for sale. The net interest margin was 2.64% compared to 2.68% in the prior quarter as interest-bearing liability costs increased faster than interest-earning asset yields. million or $1.4

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

The Motley Fool

APRIL 12, 2024

Over the last several years, we've maintained a strong risk appetite framework and have been very deliberate about how we deploy our deposits and other liabilities into high-quality assets. Look, as Mark said in his opening and Andy has been talking about, this should be a sort of up to a 30% pre-tax margin business.

Banks 130

Banks Assets Mergers and Acquisitions Capital 130

The Motley Fool

AUGUST 1, 2024

million in the prior year due primarily to lower professional fees, including those related to the Regal resolution, as well as lower payroll costs, including non-cash share-based compensation expense and a decrease in franchise taxes due to a state legislative change. During the quarter, we recognized impairment charges of $11.8

Debt 130

Debt Education Mergers and Acquisitions Assets 130

The Motley Fool

AUGUST 8, 2023

Our best measure of borrower delinquency trends, the Upstart Macro Index has tread water over the past few months, and in fact, even seen a more recent seasonal increase versus earlier '22 and '23 levels, as we came off of the favorable tax refund seasonality that ran through April. And frankly, the collateral has a lot of excess value.

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Capital Collateral Funds Assets 100

The Motley Fool

APRIL 24, 2024

Turning to Originations, our team did a great job generating $32 million in pre-tax income while continuing to be an industry leader in retention. Now let's turn to Slide 10 and discuss originations where we reported pre-tax earnings of $32 million which came in slightly above guidance. Good morning.

Leveraging 246

Leveraging Amortization Bidding Collateral 246

The Motley Fool

APRIL 1, 2024

Adjusting primarily for $62 million of after-tax litigation settlement charges, adjusted net income was $46 million, which compares to $480,000 in the prior-year quarter. Adjusting primarily for $639 million of after-tax litigation settlement charges, full-year adjusted net income was $425 million, or $2.82 per diluted share.

Capital 130

Capital Leveraging Portfolios Shareholders 130

The Motley Fool

MAY 2, 2024

Professional Liability and General Liability portfolios. General Liability and Professional Liability product lines within our Insurance segment. Favorable development in the first quarter this year was most notable within our International Professional Liability and Marine and Energy product lines.

Liabilities 130

Liabilities Shareholders Portfolios Asset Management 130

The Motley Fool

NOVEMBER 9, 2023

Paul Middleton -- Chief Financial Officer So, as we've done in the 10 years I've been here, probably $2 billion worth of sale-leaseback transactions to monetize tax credits on our -- on some of our programs with some of our customers. And so, they often make us collateralize some of the tax -- investment tax credit in there.

Securities and Exchange Commission (SEC) 190

Securities and Exchange Commission (SEC) Capital Leveraging Financing 190

The Big Picture

AUGUST 8, 2022

Any kind, collateral, non-collateral. They don’t have collateral. Now does the FDIC even know how much risk they’re bearing 0 when all the assets are so encumbered that they’re all pledged as collateral? In this country, we subsidize homeownership only if you borrow through taxes. RITHOLTZ: Right.

Banks 80

Banks Debt Financing Finance 80

The Motley Fool

FEBRUARY 13, 2024

In the coming months, we expect to release an optional feature that allows borrowers to provide collateral to support their personal loan application. That's collateral that does not tend to show up in the securitization data, whereas if you're looking at the institutional world, it tends to be sort of higher loss rate and higher returns.

Collateral 100

Collateral Liabilities Capital Banks 100

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. Our pre-tax adjusted operating income was $5.5 As noted, pre-tax adjusted operating income in the fourth quarter was $1.3

Capital 130

Capital Mergers and Acquisitions Assets Liabilities 130

The Motley Fool

AUGUST 2, 2024

Our AA rating reflects our healthy capital position including more than $4 billion in highly liquid assets at the end of the second quarter, a high-quality well-diversified investment portfolio, and a disciplined approach to asset liability management. Our pre-tax adjusted operating income was $1.6 on an after-tax basis.

Capital 130

Capital Assets Liabilities Shareholders 130

The Motley Fool

JULY 14, 2023

End-of-period deposits were down 4% quarter on quarter as customers continue to spend down their cash buffers, including for seasonal tax payments, and seek higher-yielding products. billion, with pre-tax margin of 32%. And that is a little bit of a straight-up across-the-board tax on everything. Revenue of 4.6 Expenses of 3.2

Banks 130

Banks Liabilities Capital Assets 130

The Motley Fool

AUGUST 2, 2023

We are confident that our strategy and mutually reinforcing business mix, which leverages the combined strength of our brand, global asset and liability origination capabilities, and multi-channel distribution will enable us to drive future growth and continue to expand access to investing, insurance, and retirement security.

Assets 100

Assets Capital Liabilities Asset Management 100

The Motley Fool

JULY 25, 2024

For the second quarter, pre-tax operating income came in at $219 million, which is up 46% year over year. The servicing team produced fantastic results, with $288 million in pre-tax income, up a massive 58% from a year ago. Our team generated a pre-tax income of $38 million, coming in at the high end of our guidance.

Leveraging 130

Leveraging Capital Assets Portfolios 130

The Motley Fool

APRIL 29, 2024

The increase was primarily due to higher G&A expenses this quarter, which was specifically related to an increase in employer-paid payroll taxes in connection with employee stock option exercises in the first quarter. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Leveraging 246

Leveraging Debt Assets Capital 246

The Motley Fool

AUGUST 24, 2023

SG&A expenses expanded primarily from wage investments, incentive compensation, general liability claims, and repairs and maintenance costs from improving store conditions. Notably, the impact of general liability claims was $0.07 Our effective tax rate was 24% versus 24.2% Our effective tax rate was 24% versus 24.2%

Leveraging 130

Leveraging Liabilities Taxes Capital 130

The Motley Fool

OCTOBER 13, 2023

Revenue, pre-tax provision profit, net income, diluted earnings per common share, and ROTCE were all higher than a year ago. per share of discrete tax benefits related to the resolution of prior-period tax matters. We'll have to decide how much tax equity investing we do in renewables. billion or $1.48

Banks 246

Banks Capital Assets Investment Banks 246

The Motley Fool

JULY 28, 2023

Higher gold prices and the one-off effect on tax credits contributed to reducing our total costs in the quarter. And there is a collateral that, of course, is a benefit from us is that we have interest in the Middle East as well with the mega hubs as you know. That is key as we are in a business of energy transition.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Shareholders Financing Finance 130

Pension Pulse

APRIL 25, 2024

CLOs Return A revival in the market for collateralized loan obligations could provide another boost to deal activity, Edgell said. One thing to keep in mind is the move to private credit is actually a great thing for the capital markets because it matches the assets with a more suitable liability.

Leveraged Buyouts 59

Leveraged Buyouts Buyout Pension Funds Mergers and Acquisitions 59

The Motley Fool

JANUARY 26, 2024

It had a very large and positive impact with a gain of 295 million after tax, which led to improved capital ratios. An additional new NPL in Q4 is also undergoing a sales process of the collateral and is under contract for sale. The insurance gain was recorded in discontinued operations and was 295 million after tax.

Securities and Exchange Commission (SEC) 130

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

The Motley Fool

AUGUST 8, 2023

Health tax, at just over 1% of our portfolio, declined from 1.7 under a REIT regime, resulting in a tax benefit of approximately $160 million, again, not affecting normalized FFO. And as noted, our investment is collateralized by borrowing base of government and commercial receivables. in Q4 2022 to 2.8 times in Q1 2023.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Prospects Banks Collateral 130

The Motley Fool

JULY 19, 2024

Average deposits also remained relatively stable while ending deposits declined modestly during the quarter, consistent with seasonal tax-related patterns. These declines in the second quarter reflect anticipated tax seasonality. years relative to the $50 million pre-tax loss recorded this quarter. common equity Tier 1.

Leveraging 130

Leveraging Capital Assets Banks 130

The Motley Fool

MARCH 2, 2024

On Thursday, MercadoLibre reported solid sales results, but earnings were hurt by what appears to be two non-recurring tax charges. But yes, it can be recurring in the sense that management did say that moving forward under these new tax rules, they're going to have around $20 million a quarter in incremental charges.

Taxes 130

Taxes Capital Companies Shareholders 130

The Motley Fool

AUGUST 3, 2023

Our bond portfolio has an average pre-tax coupon of around 4% and a weighted average maturity of 14 years. per share net benefit from tax credits in Brazil year over year. Lower income tax increased EPS by $0.04. There seems to be some quite radical tax changes progressing through the Brazilian Congress. Fernando here.

Taxes 130

Taxes Debt Securities and Exchange Commission (SEC) Portfolios 130

The Motley Fool

JULY 25, 2023

See the 10 stocks *Stock Advisor returns as of July 17, 2023 Net pension and OPEB liabilities have gone from $3.8 With the assets of FPT now included as part of the collateral, we rightsized our ABL from $4.5 and the EU on the carbon tax structure, which is looking like a standard that may not be met by the October deadline.

Debt 130

Debt Shareholders Capital Banks 130

The Motley Fool

JULY 25, 2024

Non-routine employee bonuses related to fintech gains, impairments or losses from sales of long-term fixed assets, renewable energy tax credit impairments and wrapping up with litigation settlement expenses. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Banks 130

Banks Portfolios Assets Leveraging 130

The Motley Fool

OCTOBER 11, 2024

billion with pre-tax margin of 33%. And is it a good policy to think that every time that happens because you can do it very safely, fully collateralize all things like that, providing what I call flexible financing in the marketplace that, that happens, the Fed has to step in every time. For the quarter, revenue of $5.4

Banks 130

Banks Capital Assets Mergers and Acquisitions 130

The Motley Fool

MAY 7, 2024

At the same time, our go-to-market team spent the last quarter using Copilot, dialing in talk tracks, sales collateral testing, and more, to be prepared to bring ZoomInfo Copilot to market. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability.

Banks 130

Banks Capital Leveraging Companies 130

The Motley Fool

JULY 25, 2024

Net interest expense was $21 million, and tax expense in the quarter was $59 million. With investment-grade ratings from two agencies, the company will now benefit from lower interest rates and fees and the elimination of all collateral requirements for both our $1.25 Turning to corporate and other items in the period.

Securities and Exchange Commission (SEC) 130

Securities and Exchange Commission (SEC) Debt Leveraging Companies 130