GlobeNewswire – Page 340

MIL-OSI: Pathfinder Bancorp, Inc. Announces Financial Results for First Quarter 2025

Source: GlobeNewswire (MIL-OSI)

OSWEGO, N.Y., April 30, 2025 (GLOBE NEWSWIRE) — Pathfinder Bancorp, Inc. (“Pathfinder” or the “Company”) (NASDAQ: PBHC) announced its financial results for the first quarter ended March 31, 2025.

The holding company for Pathfinder Bank (“the Bank”) earned net income attributable to common shareholders of $3.0 million or $0.41 per diluted share in the first quarter of 2025, compared to $2.1 million or $0.34 per share in the first quarter of 2024. In the fourth quarter of 2024, the Company reported net income attributable to common shareholders of $3.9 million or $0.63 per share, and included a benefit of approximately $1.4 million from a gain on the sale of its insurance agency, net of taxes and transaction-related expenses.

First Quarter 2025 Highlights and Key Developments

Total deposits were $1.26 billion at period end, and grew by 5.0% in the first quarter and 10.3% from March 31, 2024. Core deposits also grew to 78.31% of total deposits at period end from 76.86% on December 31, 2024 and 69.17% on March 31, 2024. In addition to funding lending activity in the quarter, the Company’s low-cost deposits enabled reductions in higher-cost borrowings to $44.6 million at period end, down 49.3% in the first quarter and 67.5% from March 31, 2024.
Total loans were $912.2 million at period end, compared to $919.0 million on December 31, 2024 and $891.5 million on March 31, 2024. Commercial loans were $542.7 million or 59.5% of total loans at period end, compared to $539.7 million on December 31, 2024 and $525.6 million on March 31, 2024.
Nonperforming loans declined to $13.2 million at period end, and improved by 40.1% during the first quarter and 32.7% from March 31, 2024. Nonperforming loans also declined to 1.45% of total loans at period end, and improved from 2.40% on December 31, 2024 and 2.20% on March 31, 2024.
Net interest income was $11.4 million, and increased $1.0 million from the linked quarter and $2.0 million from the first quarter of 2024, while net interest margin (“NIM”) expanded to 3.31% from 3.02% in the fourth quarter of 2024 and 2.75% in the year-ago period. Approximately $347,000 of net interest income and 10 basis points of NIM in the first quarter of 2025 reflected 2024 interest recovered from loans removed from nonaccrual status and income from prepayment fees.
Pre-tax, pre-provision (“PTPP”) net income grew to $4.2 million, and increased 26.0% from the linked quarter and 16.9% from the year-ago period. PTPP net income, which is not a financial metric under generally accepted accounting principles (“GAAP”), is a measure that the Company believes is helpful to understanding profitability without giving effect to income taxes and provision for credit losses.
The efficiency ratio improved to 66.84%, down from 72.01% in the linked quarter and 68.29% in the year-ago period. The efficiency ratio, which is not a financial metric under GAAP, is a measure that the Company believes is helpful to understanding its level of non-interest expense as a percentage of total revenue.

“Pathfinder’s solid first quarter results reflect the strength of our balance sheet and our growing core deposit franchise. Our continued focus on disciplined loan and deposit pricing has helped expand net interest margin in a challenging economic environment while our efforts toward optimizing non-interest expenses have improved our efficiency measures,” said President and Chief Executive Officer James A. Dowd. “We remain deeply committed to strengthening our proactive credit risk management practices and view our current efforts as the beginning of a sustained, long-term strategy to enhance the quality of our loan portfolio.”

Dowd added, “Our strong results this year and the close relationships we’ve built with businesses and neighbors throughout Central New York give us good reason to feel optimistic. Major investments in our region’s growing tech sector are creating new opportunities, and we’re proud to be part of that momentum. At the same time, we’re staying close to our customers and keeping a careful eye on how recent economic changes and national policy decisions are affecting families and local businesses across our communities.”

Net Interest Income and Net Interest Margin
First quarter 2025 net interest income was $11.4 million, an increase of $1.0 million, or 10.0%, from the fourth quarter of 2024. A decrease in interest and dividend income of $85,000 from the linked quarter was primarily attributed to average yield decreases of 43 basis points on tax-exempt investment securities and 25 basis points on taxable investment securities, partially offset by a 10 basis points increase in the average yield on loans that included 15 basis points from 2024 interest recovered from loans removed from nonaccrual status and income from prepayment fees. The corresponding decreases in income from tax-exempt and taxable investment securities from the linked quarter were $43,000 and $198,000, respectively. The increase in interest from loans of $149,000 from the prior quarter reflected a benefit of approximately $347,000, including $247,000 of 2024 interest recovered from loans removed from nonaccrual status and $100,000 of first quarter 2025 prepayment fees.

A decrease in interest expense of $1.1 million from the linked quarter was primarily attributed to average cost decreases of 36 basis points for interest-bearing deposits and 143 basis points for borrowings. The corresponding decreases in deposits and borrowings expense from the linked quarter were $878,000 and $226,000, respectively. These reductions reflect continued changes in the Bank’s funding mix, including growing core deposits, as well as deliberate deposit pricing adjustments and significant reductions in borrowings.

Net interest margin was 3.31% in the first quarter of 2025 compared to 3.02% in the linked quarter. The increase reflected significant reductions in deposit and borrowing costs, as well as a benefit of 10 basis points from 2024 recovered interest and first quarter 2025 prepayment fees.

Noninterest Income
First quarter 2025 noninterest income totaled $1.2 million and no longer includes contributions from the insurance agency business sold in October 2024. Linked quarter noninterest income totaled $4.9 million, including $3.2 million in non-recurring pre-tax gains and revenues associated with the sale of the Company’s insurance agency in 2024. First quarter 2024 noninterest income totaled $1.7 million, including $397,000 in insurance revenue.

Compared to the linked quarter, first quarter 2025 noninterest income reflected a reduction of $264,000 in debit card interchange fees driven by $158,000 of non-recurring catch up expenses and seasonal reductions estimated at $100,000, as well as decreases of $31,000 in service charges on deposit accounts and $7,000 in earnings and gain on bank owned life insurance (“BOLI”). Compared to the linked quarter, first quarter 2025 noninterest income also reflected increases of $52,000 in net realized gains on sales of marketable equity securities and $26,000 in gains on sales of loans and foreclosed real estate, as well as a decrease of $257,000 in net realized gains on sales and redemptions of investment securities.

Compared to the year-ago period, first quarter 2025 noninterest income included increases of $65,000 in service charges on deposit accounts, $13,000 in loan servicing fees, and $5,000 in earnings and gain on BOLI, as well as a decline of $118,000 in debit card interchange fees driven by $158,000 of non-recurring catch up expenses related to prior periods. Noninterest income growth from the year-ago quarter also reflected a $140,000 decrease in net realized losses on sales and redemptions of investment securities and increases of $110,000 in net realized gains on sales of marketable equity securities and $47,000 in gains on sales of loans and foreclosed real estate.

Noninterest Expense
Noninterest expense totaled $8.4 million in the first quarter of 2025 and no longer includes costs for the insurance agency business sold in October 2024. Noninterest expense was $8.5 million in the linked quarter and $7.7 million in the year-ago period, including expenses associated with the insurance agency of $456,000 and $285,000, respectively.

Salaries and benefits were $4.5 million in the first quarter of 2025, increasing $327,000 from the linked quarter and $121,000 from the year-ago period. The increase from the linked quarter reflected a $174,000 increase in stock-based compensation and a $96,000 increase in payroll tax. The increase from the first quarter of 2024 was primarily attributed to a $95,000 increase in stock-based compensation and $123,000 in other salary and benefits expenses associated with personnel in the East Syracuse branch acquired in July 2024.

Building and occupancy was $1.3 million in the first quarter of 2025, increasing $93,000 and $531,000 from the linked and year-ago quarters, respectively. The increase from the linked quarter reflected an $89,000 seasonal increase in utilities and snow removal expenses. The increase from the first quarter of last year was primarily due to ongoing facilities-related costs associated with operating the East Syracuse branch acquired in July 2024.

Data processing expense was $666,000 in the first quarter of 2025, decreasing $55,000 from the linked quarter and increasing $138,000 from the year-ago period. The decrease from the fourth quarter of 2024 was primarily attributed to a $42,000 ATM processing expense for new customer card issuances. The increase from the first quarter of 2024 was primarily attributed to the ongoing operations of the East Syracuse branch acquired in July 2024.

Annualized noninterest expense represented 2.33% of average assets in the first quarter of 2025, compared to 2.33% and 2.16% in the linked and year-ago periods, including costs associated with transactions of the divested insurance agency business. The efficiency ratio was 66.84% in the first quarter of 2025, compared to 72.01% and 68.29% in the linked and year-ago periods. The efficiency ratio, which is not a financial metric under GAAP, is a measure that the Company believes is helpful to understanding its level of non-interest expense as a percentage of total revenue.

Net Income
For the first quarter of 2025, net income attributable to common shareholders was $3.0 million, or $0.48 per basic share and $0.41 per diluted share. The difference between basic and diluted earnings per share reflects the accounting impact of restricted stock units granted to senior executive officers during the period under the 2024 Equity Incentive Plan, which was approved by shareholders at the 2024 annual meeting. Linked quarter net income was $3.9 million, including a net benefit of approximately $1.4 million from the gain on the sale of its insurance agency, or $0.63 per basic and diluted share. First quarter 2024 net income totaled $2.2 million or $0.34 per basic and diluted share.

Statement of Financial Condition
As of March 31, 2025, the Company’s statement of financial condition reflects total assets of $1.50 billion, compared to $1.47 billion and $1.45 billion recorded on December 31, 2024 and March 31, 2024, respectively.

Loans totaled $912.2 million on March 31, 2025, decreasing 0.7% during the first quarter and increasing 2.3% from one year prior. Consumer and residential loans totaled $371.0 million on March 31, 2025, decreasing 2.6% during the first quarter and increasing 1.2% from one year prior. Commercial loans totaled $542.7 million on March 31, 2025, increasing 0.6% during the first quarter and 3.3% from one year prior.

With respect to liabilities, deposits totaled $1.26 billion on March 31, 2025, increasing 5.0% during the first quarter and 10.3% from one year prior. The Company also utilized its lower cost liquidity to reduce total borrowings, which were $44.6 million on March 31, 2025 as compared to $88.1 million on December 31 and $137.4 million on March 31, 2024.

Shareholders’ equity totaled $124.9 million on March 31, 2025, increasing $3.4 million or 2.8% in the first quarter and increasing $3.1 million or 2.5% from one year prior. Compared to the prior quarter, the first quarter 2025 increase primarily reflects a $2.3 million increase in retained earnings, a $712,000 decrease in accumulated other comprehensive loss (“AOCL”), and a $353,000 increase in additional paid in capital. The noncontrolling interest, previously included in equity on the Statements of Financial Condition, was eliminated in October 2024 upon the sale of the Company’s 51% ownership interest in the insurance agency.

Asset Quality
The Company’s asset quality metrics reflect ongoing efforts the Bank is undertaking as part of its commitment to continuously improve its credit risk management approach.

Nonperforming loans were $13.2 million or 1.45% of total loans on March 31, 2025, improving from $22.1 million or 2.40% of total loans on December 31, 2024 and $19.7 million or 2.20% of total loans on March 31, 2024.

Net charge offs (“NCOs”) after recoveries were $340,000 or an annualized 0.15% of average loans in the first quarter of 2025, with gross charge offs for consumer loans, purchased loan pools, and commercial loans offsetting recoveries in each of these categories. NCOs were $1.0 million or an annualized 0.44% of average loans in the linked quarter and $30,000 or 0.01% in the prior year period.

Provision for credit loss expense was $457,000 in the first quarter of 2025 reflecting lower levels of nonperforming loans and NCOs in the period and qualitative factors in the Company’s reserve model. The provision was $988,000 and $726,000 in the linked and year-ago quarters, respectively.

The Company believes it is sufficiently collateralized and reserved, with an Allowance for Credit Losses (“ACL”) of $17.4 million on March 31, 2025, compared to $17.2 million on December 31, 2024 and $16.7 million on March 31, 2024. As a percentage of total loans, ACL represented 1.91% on March 31, 2025, 1.88% on December 31, 2024, and 1.87% on March 31, 2024.

Liquidity
The Company has diligently ensured a strong liquidity profile as of March 31, 2025 to meet its ongoing financial obligations. The Bank’s liquidity management, as evaluated by its cash reserves and operational cash flows from loan repayments and investment securities, remains robust and is effectively managed by the institution’s leadership.

The Bank’s analysis indicates that expected cash inflows from loans and investment securities are more than sufficient to meet all projected financial obligations. Total deposits were $1.26 billion on March 31, 2025, $1.20 billion on December 31, 2024, and $1.15 billion on March 31, 2024. Core deposits represented 78.31% of total deposits on March 31, 2025, 76.86% on December 31, 2024, and 69.17% on March 31, 2024. The Bank continues to implement strategic initiatives to enhance its core deposit franchise, including targeted marketing campaigns and customer engagement programs aimed at deepening banking relationships and enhancing deposit stability.

At the end of the current quarter, Pathfinder Bancorp had an available additional funding capacity of $133.3 million with the Federal Home Loan Bank of New York, which complements its liquidity reserves. Moreover, the Bank maintains additional unused credit lines totaling $46.6 million, which provide a buffer for additional funding needs. These facilities, including access to the Federal Reserve’s Discount Window, are part of a comprehensive liquidity strategy that ensures flexibility and readiness to respond to any funding requirements.

Cash Dividend Declared
On March 31, 2025, Pathfinder’s Board of Directors declared a cash dividend of $0.10 per share for holders of both voting common and non-voting common stock.

In addition, this dividend also extends to the notional shares of the Company’s warrants. Shareholders registered by April 18, 2025 will be eligible for the dividend, which is scheduled for disbursement on May 9, 2025. This distribution aligns with Pathfinder Bancorp’s philosophy of consistent and reliable delivery of shareholder value.

Evaluating the Company’s market performance, the closing stock price as of March 31, 2025 stood at $16.44 per share. This positions the annualized dividend yield at 2.43%.

About Pathfinder Bancorp, Inc.

Pathfinder Bancorp, Inc. (NASDAQ: PBHC) is the commercial bank holding company for Pathfinder Bank, which serves Central New York customers throughout Oswego, Syracuse, and their neighboring communities. Strategically located branches averaging over $100 million in deposits per location, as well as diversified consumer, mortgage, and commercial loan portfolios, reflect the state-chartered Bank’s commitment to in-market relationships and local customer service. The Company also offers investment services to individuals and businesses. At March 31, 2025, the Oswego-headquartered Company had assets of $1.50 billion, loans of $912.2 million, and deposits of $1.26 billion. More information is available at pathfinderbank.com and ir.pathfinderbank.com.

Forward-Looking Statements
Certain statements contained herein are “forward looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are generally identified by use of the words “believe,” “expect,” “intend,” “anticipate,” “estimate,” “project” or similar expressions, or future or conditional verbs, such as “will,” “would,” “should,” “could,” or “may.” These forward-looking statements are based on current beliefs and expectations of the Company’s and the Bank’s management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond the Company’s and the Bank’s control. In addition, these forward-looking statements are subject to assumptions with respect to future business strategies and decisions that are subject to change. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to: risks related to the real estate and economic environment, particularly in the market areas in which the Company and the Bank operate; fiscal and monetary policies of the U.S. Government; inflation; changes in government regulations affecting financial institutions, including regulatory compliance costs and capital requirements; fluctuations in the adequacy of the allowance for credit losses; decreases in deposit levels necessitating increased borrowing to fund loans and investments; operational risks including, but not limited to, cybersecurity, fraud and natural disasters; the risk that the Company may not be successful in the implementation of its business strategy; changes in prevailing interest rates; credit risk management; asset-liability management; and other risks described in the Company’s filings with the Securities and Exchange Commission, which are available at the SEC’s website, www.sec.gov.

This release contains non-GAAP financial measures. For purposes of Regulation G, a non-GAAP financial measure is a numerical measure of a registrant’s historical or future financial performance, financial position, or cash flows that excludes amounts, or is subject to adjustments that have the effect of excluding amounts, that are included in the most directly comparable measure calculated and presented in accordance with GAAP in the statement of income, balance sheet, or statement of cash flows (or equivalent statements) of the registrant; or includes amounts, or is subject to adjustments that have the effect of including amounts, that are excluded from the most directly comparable measure so calculated and presented. In this regard, GAAP refers to generally accepted accounting principles in the United States. Pursuant to the requirements of Regulation G, the Company has provided reconciliations within the release of the non-GAAP financial measures to the most directly comparable GAAP financial measure.

Investor/Media Contacts
James A. Dowd, President, CEO
Justin K. Bigham, Senior Vice President, CFO
Telephone: (315) 343-0057

PATHFINDER BANCORP, INC.
Selected Financial Information (Unaudited)
(Amounts in thousands, except per share amounts)

	2025			2024
SELECTED BALANCE SHEET DATA:	March 31,			December 31,			September 30,			June 30,			March 31,
ASSETS:
Cash and due from banks	$	18,606		$	13,963		$	18,923		$	12,022		$	13,565
Interest-earning deposits		32,862			17,609			16,401			19,797			15,658
Total cash and cash equivalents		51,468			31,572			35,324			31,819			29,223
Available-for-sale securities, at fair value		284,051			269,331			271,977			274,977			279,012
Held-to-maturity securities, at amortized cost		155,704			158,683			161,385			166,271			172,648
Marketable equity securities, at fair value		4,401			4,076			3,872			3,793			3,342
Federal Home Loan Bank stock, at cost		2,906			4,590			5,401			8,702			7,031
Loans		912,150			918,986			921,660			888,263			891,531
Less: Allowance for credit losses		17,407			17,243			17,274			16,892			16,655
Loans receivable, net		894,743			901,743			904,386			871,371			874,876
Premises and equipment, net		19,233			19,009			18,989			18,878			18,332
Assets held-for-sale		–			–			–			3,042			3,042
Operating lease right-of-use assets		1,356			1,391			1,425			1,459			1,493
Finance lease right-of-use assets		16,478			16,676			16,873			4,004			4,038
Accrued interest receivable		6,748			6,881			6,806			7,076			7,170
Foreclosed real estate		–			–			–			60			82
Intangible assets, net		5,832			5,989			6,217			76			80
Goodwill		5,056			5,056			5,752			4,536			4,536
Bank owned life insurance		24,889			24,727			24,560			24,967			24,799
Other assets		22,472			25,150			20,159			25,180			23,968
Total assets	$	1,495,337		$	1,474,874		$	1,483,126		$	1,446,211		$	1,453,672

LIABILITIES AND SHAREHOLDERS’ EQUITY:
Deposits:
Interest-bearing deposits	$	1,061,166		$	990,805		$	986,103		$	932,132		$	969,692
Noninterest-bearing deposits		203,314			213,719			210,110			169,145			176,421
Total deposits		1,264,480			1,204,524			1,196,213			1,101,277			1,146,113
Short-term borrowings		27,000			61,000			60,315			127,577			91,577
Long-term borrowings		17,628			27,068			39,769			45,869			45,869
Subordinated debt		30,156			30,107			30,057			30,008			29,961
Accrued interest payable		844			546			236			2,092			1,963
Operating lease liabilities		1,560			1,591			1,621			1,652			1,682
Finance lease liabilities		16,655			16,745			16,829			4,359			4,370
Other liabilities		12,118			11,810			16,986			9,203			9,505
Total liabilities		1,370,441			1,353,391			1,362,026			1,322,037			1,331,040
Shareholders’ equity:
Voting common stock shares issued and outstanding		4,761,182			4,745,366			4,719,788			4,719,788			4,719,788
Voting common stock		48			47			47			47			47
Non-Voting common stock		14			14			14			14			14
Additional paid in capital		53,103			52,750			53,231			53,182			53,151
Retained earnings		80,163			77,816			73,670			78,936			77,558
Accumulated other comprehensive loss		(8,432	)		(9,144	)		(6,716	)		(8,786	)		(8,862	)
Unearned ESOP shares		–			–			–			(45	)		(90	)
Total Pathfinder Bancorp, Inc. shareholders’ equity		124,896			121,483			120,246			123,348			121,818
Noncontrolling interest		–			–			854			826			814
Total equity		124,896			121,483			121,100			124,174			122,632
Total liabilities and shareholders’ equity	$	1,495,337		$	1,474,874		$	1,483,126		$	1,446,211		$	1,453,672

The above information is unaudited and preliminary, based on the Company’s data available at the time of presentation.

		2025		2024
SELECTED INCOME STATEMENT DATA:	Q1			Q4			Q3			Q2			Q1
Interest and dividend income:
Loans, including fees	$	13,672		$	13,523		$	14,425		$	12,489		$	12,268
Debt securities:
Taxable		5,185			5,312			5,664			5,736			5,607
Tax-exempt		402			445			469			498			508
Dividends		93			164			149			178			129
Federal funds sold and interest-earning deposits		89			82			492			121			98
Total interest and dividend income		19,441			19,526			21,199			19,022			18,610
Interest expense:
Interest on deposits		6,945			7,823			7,633			7,626			7,411
Interest on short-term borrowings		545			700			1,136			1,226			1,114
Interest on long-term borrowings		65			136			202			201			194
Interest on subordinated debt		475			490			496			489			491
Total interest expense		8,030			9,149			9,467			9,542			9,210
Net interest income		11,411			10,377			11,732			9,480			9,400
Provision for (benefit from) credit losses:
Loans		504			988			9,104			304			710
Held-to-maturity securities		–			(5	)		(31	)		(74	)		15
Unfunded commitments		(47	)		5			(104	)		60			1
Total provision for credit losses		457			988			8,969			290			726
Net interest income after provision for credit losses		10,954			9,389			2,763			9,190			8,674
Noninterest income:
Service charges on deposit accounts		374			405			392			330			309
Earnings and gain on bank owned life insurance		162			169			361			167			157
Loan servicing fees		101			96			79			112			88
Net realized (losses) gains on sales and redemptions of investment securities		(8	)		249			(188	)		16			(148	)
Gain on asset sale ^{1 & 2}		–			3,169			–			–			–
Net realized gains (losses) on sales of marketable equity securities		218			166			62			(139	)		108
Gains on sales of loans and foreclosed real estate		65			39			90			40			18
Loss on sale of premises and equipment		–			–			(36	)		–			–
Debit card interchange fees		1			265			300			191			119
Insurance agency revenue ¹		–			49			367			260			397
Other charges, commissions & fees		284			299			280			234			689
Total noninterest income		1,197			4,906			1,707			1,211			1,737
Noninterest expense:
Salaries and employee benefits		4,450			4,123			4,959			4,399			4,329
Building and occupancy		1,347			1,254			1,134			914			816
Data processing		666			721			672			550			528
Professional and other services		606			608			1,820			696			562
Advertising		141			218			165			116			105
FDIC assessments		229			231			228			228			229
Audits and exams		114			123			123			123			170
Insurance agency expense ¹		–			456			308			232			285
Community service activities		11			19			20			39			52
Foreclosed real estate expenses		21			20			27			30			25
Other expenses		691			771			803			581			605
Total noninterest expense		8,433			8,544			10,259			7,908			7,706
Income (loss) before provision for income taxes		3,718			5,751			(5,789	)		2,493			2,705
Provision (benefit) for income taxes		744			492			(1,173	)		481			532
Net income (loss) attributable to noncontrolling interest and Pathfinder Bancorp, Inc.		2,974			5,259			(4,616	)		2,012			2,173
Net income attributable to noncontrolling interest ¹		–			1,352			28			12			53
Net income (loss) attributable to Pathfinder Bancorp Inc.	$	2,974		$	3,907		$	(4,644	)	$	2,000		$	2,120
Voting Earnings per common share – basic	$	0.48		$	0.63		$	(0.75	)	$	0.32		$	0.34
Voting Earnings per common share – diluted	$	0.41		$	0.63		$	(0.75	)	$	0.32		$	0.34
Series A Non-Voting Earnings per common share- basic	$	0.48		$	0.63		$	(0.75	)	$	0.32		$	0.34
Series A Non-Voting Earnings per common share- diluted	$	0.41		$	0.63		$	(0.75	)	$	0.32		$	0.34
Dividends per common share (Voting and Series A Non-Voting)	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10

¹ Although the Company owned 51% of its membership interest in FitzGibbons Agency, LLC (“Agency”) the Company is required to consolidate 100% of the Agency within the consolidated financial statements. The Company sold its 51% membership interest in the Agency in October 2024.
² The $3,169,000 consolidated gain on asset sale equals $1,616,000 associated with the Company’s 51% interest in the Agency plus $1,553,000 associated with the 49% noncontrolling interest.

The above information is unaudited and preliminary, based on the Company’s data available at the time of presentation.

		2025		2024
FINANCIAL HIGHLIGHTS:	Q1			Q4			Q3			Q2			Q1
Selected Ratios:
Return on average assets		0.81	%		1.07	%		-1.25	%		0.56	%		0.59	%
Return on average common equity		9.64	%		12.85	%		-14.79	%		6.49	%		7.01	%
Return on average equity		9.64	%		12.85	%		-14.79	%		6.49	%		7.01	%
Return on average tangible common equity ¹		10.52	%		14.17	%		-15.28	%		6.78	%		7.32	%
Net interest margin		3.31	%		3.02	%		3.34	%		2.78	%		2.75	%
Loans / deposits		72.14	%		76.29	%		77.05	%		80.66	%		77.79	%
Core deposits/deposits ²		78.31	%		76.86	%		77.45	%		67.98	%		69.17	%
Annualized non-interest expense / average assets		2.33	%		2.33	%		2.75	%		2.19	%		2.16	%
Commercial real estate / risk-based capital ³		182.62	%		186.73	%		189.47	%		169.73	%		163.93	%
Efficiency ratio ¹		66.84	%		72.01	%		75.28	%		74.08	%		68.29	%

Other Selected Data:
Average yield on loans		5.97	%		5.87	%		6.31	%		5.64	%		5.48	%
Average cost of interest bearing deposits		2.76	%		3.12	%		3.11	%		3.21	%		3.07	%
Average cost of total deposits, including non-interest bearing		2.29	%		2.59	%		2.59	%		2.72	%		2.61	%
Deposits/branch ⁴	$	105,373		$	100,377		$	99,684		$	100,116		$	104,192
Pre-tax, pre-provision net income ¹	$	4,183		$	3,321		$	3,368		$	2,767		$	3,579
Total revenue ¹	$	12,616		$	11,865		$	13,627		$	10,675		$	11,285

Share and Per Share Data:
Cash dividends per share	$	0.10		$	0.10		$	0.10		$	0.10		$	0.10
Book value per common share	$	20.33		$	19.83		$	19.71		$	20.22		$	19.97
Tangible book value per common share ¹	$	18.56		$	18.03		$	17.75		$	19.46		$	19.21
Basic and diluted weighted average shares outstanding – Voting		4,749			4,733			4,714			4,708			4,701
Basic earnings per share – Voting ⁵	$	0.48		$	0.63		$	(0.75	)	$	0.32		$	0.34
Diluted earnings per share – Voting ⁵	$	0.41		$	0.63		$	(0.75	)	$	0.32		$	0.34
Basic and diluted weighted average shares outstanding – Series A Non-Voting		1,380			1,380			1,380			1,380			1,380
Basic earnings per share – Series A Non-Voting ⁵	$	0.48		$	0.63		$	(0.75	)	$	0.32		$	0.34
Diluted earnings per share – Series A Non-Voting ⁵	$	0.41		$	0.63		$	(0.75	)	$	0.32		$	0.34
Common shares outstanding at period end		6,144			6,126			6,100			6,100			6,100

Pathfinder Bancorp, Inc. Capital Ratios:
Company tangible common equity to tangible assets ¹		7.68	%		7.54	%		7.36	%		8.24	%		8.09	%
Company Total Core Capital (to Risk-Weighted Assets)		15.89	%		15.66	%		15.55	%		16.19	%		16.23	%
Company Tier 1 Capital (to Risk-Weighted Assets)		12.24	%		12.00	%		11.84	%		12.31	%		12.33	%
Company Tier 1 Common Equity (to Risk-Weighted Assets)		11.75	%		11.51	%		11.33	%		11.83	%		11.85	%
Company Tier 1 Capital (to Assets)		8.82	%		8.64	%		8.29	%		9.16	%		9.16	%

Pathfinder Bank Capital Ratios:
Bank Total Core Capital (to Risk-Weighted Assets)		14.86	%		14.65	%		14.52	%		16.04	%		15.65	%
Bank Tier 1 Capital (to Risk-Weighted Assets)		13.61	%		13.40	%		13.26	%		14.79	%		14.39	%
Bank Tier 1 Common Equity (to Risk-Weighted Assets)		13.61	%		13.40	%		13.26	%		14.79	%		14.39	%
Bank Tier 1 Capital (to Assets)		9.80	%		9.64	%		9.13	%		10.30	%		10.13	%

¹ Non-GAAP financial metrics. See non-GAAP reconciliation included herein for the most directly comparable GAAP measures.
² Non-brokered deposits excluding certificates of deposit of $250,000 or more.
³ Construction and development, multifamily, and non-owner occupied CRE loans as a percentage of Pathfinder Bank total capital.
⁴ Includes 11 full-service branches and one motor bank for December 31 and September 30, 2024, respectively. Includes 10 full-service branches and one motor bank for all periods prior.
⁵ Basic and diluted earnings per share are calculated based upon the two-class method. Weighted average shares outstanding do not include unallocated ESOP shares.

The above information is unaudited and preliminary, based on the Company’s data available at the time of presentation.

		2025		2024
ASSET QUALITY:	Q1			Q4			Q3			Q2			Q1
Total loan charge-offs	$	508		$	1,191		$	8,812		$	112		$	68
Total recoveries		168			171			90			46			38
Net loan charge-offs		340			1,020			8,722			66			30
Allowance for credit losses at period end		17,407			17,243			17,274			16,892			16,655
Nonperforming loans at period end		13,232			22,084			16,170			24,490			19,652
Nonperforming assets at period end	$	13,232		$	22,084		$	16,170		$	24,550		$	19,734
Annualized net loan charge-offs to average loans		0.15	%		0.44	%		3.82	%		0.03	%		0.01	%
Allowance for credit losses to period end loans		1.91	%		1.88	%		1.87	%		1.90	%		1.87	%
Allowance for credit losses to nonperforming loans		131.55	%		78.08	%		106.83	%		68.98	%		84.75	%
Nonperforming loans to period end loans		1.45	%		2.40	%		1.75	%		2.76	%		2.20	%
Nonperforming assets to period end assets		0.88	%		1.50	%		1.09	%		1.70	%		1.36	%

	2025			2024
LOAN COMPOSITION:	March 31,			December 31,			September 30,			June 30,			March 31,
1-4 family first-lien residential mortgages	$	243,854		$	251,373		$	255,235		$	250,106		$	252,026
Residential construction		3,162			4,864			4,077			309			1,689
Commercial real estate		381,479			377,619			378,805			370,361			363,467
Commercial lines of credit		65,074			67,602			64,672			62,711			67,416
Other commercial and industrial		91,644			89,800			88,247			90,813			91,178
Paycheck protection program loans		96			113			125			136			147
Tax exempt commercial loans		4,446			4,544			2,658			3,228			3,374
Home equity and junior liens		52,315			51,948			52,709			35,821			35,723
Other consumer		71,681			72,710			76,703			75,195			77,106
Subtotal loans		913,751			920,573			923,231			888,680			892,126
Deferred loan fees		(1,601	)		(1,587	)		(1,571	)		(417	)		(595	)
Total loans	$	912,150		$	918,986		$	921,660		$	888,263		$	891,531

	2025		2024
DEPOSIT COMPOSITION:	March 31,		December 31,		September 30,		June 30,		March 31,
Savings accounts	$	129,898	$	128,753	$	129,053	$	106,048	$	111,465
Time accounts		349,673		360,716		352,729		368,262		378,103
Time accounts in excess of $250,000		149,922		142,473		140,181		117,021		114,514
Money management accounts		10,774		11,583		11,520		12,154		11,676
MMDA accounts		306,281		239,016		250,007		193,915		215,101
Demand deposit interest-bearing		109,941		101,080		97,344		128,168		134,196
Demand deposit noninterest-bearing		203,314		213,719		210,110		169,145		176,434
Mortgage escrow funds		4,677		7,184		5,269		6,564		4,624
Total deposits	$	1,264,480	$	1,204,524	$	1,196,213	$	1,101,277	$	1,146,113

The above information is unaudited and preliminary, based on the Company’s data available at the time of presentation.

		2025		2024
SELECTED AVERAGE BALANCES:	Q1			Q4			Q1
Interest-earning assets:
Loans	$	916,207		$	920,855		$	895,335
Taxable investment securities		416,558			412,048			431,114
Tax-exempt investment securities		34,475			34,918			29,171
Fed funds sold and interest-earning deposits		12,939			5,115			13,873
Total interest-earning assets		1,380,179			1,372,936			1,369,493
Noninterest-earning assets:
Other assets		114,882			112,654			94,677
Allowance for credit losses		(17,413	)		(17,145	)		(16,081	)
Net unrealized losses on available-for-sale securities		(9,947	)		(8,534	)		(11,187	)
Total assets	$	1,467,701		$	1,459,911		$	1,436,902
Interest-bearing liabilities:
NOW accounts	$	111,643		$	102,862		$	99,688
Money management accounts		10,906			11,371			11,653
MMDA accounts		256,186			257,429			213,897
Savings and club accounts		129,769			128,169			112,719
Time deposits		498,963			504,009			524,368
Subordinated loans		30,123			30,076			29,930
Borrowings		70,575			68,391			137,882
Total interest-bearing liabilities		1,108,165			1,102,307			1,130,137
Noninterest-bearing liabilities:
Demand deposits		206,137			206,521			169,748
Other liabilities		29,961			29,494			15,986
Total liabilities		1,344,263			1,338,322			1,315,871
Shareholders’ equity		123,438			121,589			121,031
Total liabilities & shareholders’ equity	$	1,467,701		$	1,459,911		$	1,436,902

		2025		2024
SELECTED AVERAGE YIELDS:	Q1			Q4			Q1
Interest-earning assets:
Loans		5.97	%		5.87	%		5.48	%
Taxable investment securities		5.07	%		5.32	%		5.32	%
Tax-exempt investment securities		4.66	%		5.10	%		6.97	%
Fed funds sold and interest-earning deposits		2.75	%		6.41	%		2.83	%
Total interest-earning assets		5.63	%		5.69	%		5.44	%
Interest-bearing liabilities:
NOW accounts		1.07	%		1.19	%		1.06	%
Money management accounts		0.11	%		0.11	%		0.10	%
MMDA accounts		3.06	%		3.23	%		3.61	%
Savings and club accounts		0.25	%		0.26	%		0.26	%
Time deposits		3.69	%		4.25	%		3.92	%
Subordinated loans		6.31	%		6.52	%		6.56	%
Borrowings		3.46	%		4.89	%		3.79	%
Total interest-bearing liabilities		2.90	%		3.32	%		3.26	%
Net interest rate spread		2.73	%		2.37	%		2.18	%
Net interest margin		3.31	%		3.02	%		2.75	%
Ratio of average interest-earning assets to average interest-bearing liabilities		124.55	%		124.55	%		121.18	%

The above information is unaudited and preliminary based on the Company’s data available at the time of presentation.

		2025		2024
NON-GAAP RECONCILIATIONS:	Q1			Q4			Q3			Q2			Q1
Tangible book value per common share:
Total equity	$	124,896		$	121,483		$	120,246		$	123,348		$	121,818
Intangible assets		(10,888	)		(11,045	)		(11,969	)		(4,612	)		(4,616	)
Tangible common equity (non-GAAP)		114,008			110,438			108,277			118,736			117,202
Common shares outstanding		6,144			6,126			6,100			6,100			6,100
Tangible book value per common share (non-GAAP)	$	18.56		$	18.03		$	17.75		$	19.46		$	19.21
Tangible common equity to tangible assets:
Tangible common equity (non-GAAP)	$	114,008		$	110,438		$	108,277		$	118,736		$	117,202
Tangible assets		1,484,449			1,463,829			1,471,157			1,441,599			1,449,056
Tangible common equity to tangible assets ratio (non-GAAP)		7.68	%		7.54	%		7.36	%		8.24	%		8.09	%
Return on average tangible common equity:
Average shareholders’ equity	$	123,438		$	121,589		$	125,626		$	123,211		$	121,031
Average intangible assets		10,991			11,907			4,691			4,614			4,619
Average tangible equity (non-GAAP)		112,447			109,682			120,935			118,597			116,412
Net income (loss)		2,974			3,907			(4,644	)		2,000			2,120
Net income (loss), annualized	$	11,831		$	15,543		$	(18,475	)	$	8,044		$	8,527
Return on average tangible common equity (non-GAAP)¹		10.52	%		14.17	%		-15.28	%		6.78	%		7.32	%
Revenue, pre-tax, pre-provision net income, and efficiency ratio:
Net interest income	$	11,411		$	10,377		$	11,732		$	9,480		$	9,400
Total noninterest income		1,197			4,906			1,707			1,211			1,737
Net realized (gains) losses on sales and redemptions of investment securities		(8	)		249			(188	)		16			(148	)
Gain on asset sale		–			3,169			–			–			–
Revenue (non-GAAP)²		12,616			11,865			13,627			10,675			11,285
Total non-interest expense		8,433			8,544			10,259			7,908			7,706
Pre-tax, pre-provision net income (non-GAAP)³	$	4,183		$	3,321		$	3,368		$	2,767		$	3,579
Efficiency ratio (non-GAAP)⁴		66.84	%		72.01	%		75.28	%		74.08	%		68.29	%

¹ Return on average tangible common equity equals annualized net income (loss) divided by average tangible equity
² Revenue equals net interest income plus total noninterest income less net realized gains or losses on sales and redemptions of investment securities and gain on sale of insurance agency
³ Pre-tax, pre-provision net income equals revenue less total non-interest expense
⁴ Efficiency ratio equals noninterest expense divided by revenue

The above information is unaudited and preliminary based on the Company’s data available at the time of presentation.

The MIL Network –

May 1, 2025

MIL-OSI: Columbia Financial, Inc. Announces Financial Results for the First Quarter Ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

FAIR LAWN, N.J., April 30, 2025 (GLOBE NEWSWIRE) — Columbia Financial, Inc. (the “Company”) (NASDAQ: CLBK), the mid-tier holding company for Columbia Bank (“Columbia”), reported net income of $8.9 million, or $0.09 per basic and diluted share, for the quarter ended March 31, 2025, as compared to a net loss of $1.2 million, or $0.01 per basic and diluted share, for the quarter ended March 31, 2024. Earnings for the quarter ended March 31, 2025 reflected higher net interest income due to both an increase in interest income and a decrease in interest expense, lower provision for credit losses and a decrease in non-interest expense, partially offset by higher income tax expense.

Mr. Thomas J. Kemly, President and Chief Executive Officer, commented: “During the first quarter of 2025, the Company was able to increase earnings, expand our net interest margin and reduce overall funding costs mainly due to a balance sheet repositioning strategy implemented in the fourth quarter of 2024. We also experienced solid loan growth and an increase in deposits while reducing our overall operating costs. It continues to be challenging to operate in such a volatile economic environment, but we are focused on managing the balance sheet mix and controlling operating expenses while remaining committed to investments in talent and systems that will support future growth.”

Results of Operations for the Three Months Ended March 31, 2025 and March 31, 2024

Net income of $8.9 million was recorded for the quarter ended March 31, 2025, an increase of $10.1 million, compared to a net loss of $1.2 million for the quarter ended March 31, 2024. The increase in net income was primarily attributable to an $8.1 million increase in net interest income, a $2.3 million decrease in provision for credit losses and a $1.8 million decrease in non-interest expense, partially offset by a $3.2 million increase in income tax expense.

Net interest income was $50.3 million for the quarter ended March 31, 2025, an increase of $8.1 million, or 19.3%, from $42.2 million for the quarter ended March 31, 2024. The increase in net interest income was primarily attributable to a $3.5 million increase in interest income and a $4.6 million decrease in interest expense on deposits and borrowings. The increase in interest income was primarily due to an increase in the average balance of loans coupled with an increase in average yields on loans and securities. During the fourth quarter of 2024 the Company implemented a balance sheet repositioning transaction which resulted in an increase in the average yield on securities and a decrease in the cost of borrowings, which had a notable impact on net interest income for the quarter ended March 31, 2025. The 100 basis point decrease in market interest rates during the last four months of 2024 contributed to a decrease in interest expense on borrowings during the quarter ended March 31, 2025. Prepayment penalties, which are included in interest income on loans, totaled $257,000 for the quarter ended March 31, 2025, compared to $268,000 for the quarter ended March 31, 2024.

The average yield on loans for the quarter ended March 31, 2025 increased 10 basis points to 4.89%, as compared to 4.79% for the quarter ended March 31, 2024. Interest income on loans increased due to an increase in both the average balance and yield on loans. The average yield on securities for the quarter ended March 31, 2025 increased 80 basis points to 3.45%, as compared to 2.65% for the quarter ended March 31, 2024. This was a result of lower yielding securities sold as part of the balance sheet repositioning transaction implemented in the fourth quarter of 2024, being replaced with higher yielding securities purchased in 2024 and the quarter ended March 31, 2025. The average yield on other interest-earning assets for the quarter ended March 31, 2025 decreased 31 basis points to 5.75%, as compared to 6.06% for the quarter ended March 31, 2024, due to a decrease in average interest rates received on cash balances, and a decrease in the dividend rate received on Federal Home Loan Bank stock.

Total interest expense was $61.8 million for the quarter ended March 31, 2025, a decrease of $4.6 million, or 6.9%, from $66.4 million for the quarter ended March 31, 2024. The decrease in interest expense was primarily attributable to a 1 basis point decrease in the average cost of interest-bearing deposits along with a 54 basis point decrease in the average cost of borrowings, coupled with a decrease in the average balance of borrowings, partially offset by an increase in the average balance of interest-bearing deposits. Interest expense on deposits increased $1.7 million, or 3.6%, and interest expense on borrowings decreased $6.3 million, or 35.1%.

The Company’s net interest margin for the quarter ended March 31, 2025 increased 36 basis points to 2.11%, when compared to 1.75% for the quarter ended March 31, 2024. The net interest margin increased for the quarter ended March 31, 2025 due to an increase in the average yield on interest-earning assets coupled with a decrease in the average cost of interest-bearing liabilities. The weighted average yield on interest-earning assets increased 19 basis points to 4.69% for the quarter ended March 31, 2025 as compared to 4.50% for the quarter ended March 31, 2024. The average cost of interest-bearing liabilities decreased 17 basis points to 3.21% for the quarter ended March 31, 2025 as compared to 3.38% for the quarter ended March 31, 2024.

The provision for credit losses for the quarter ended March 31, 2025 was $2.9 million, a decrease of $2.3 million, from $5.3 million for the quarter ended March 31, 2024. The decrease in provision for credit losses during the quarter was primarily due to a decrease in net charge-offs, which totaled $857,000 for the quarter ended March 31, 2025 as compared to $5.0 million for the quarter ended March 31, 2024.

Non-interest income was $8.5 million for the quarter ended March 31, 2025, an increase of $1.0 million, or 13.7%, from $7.5 million for the quarter ended March 31, 2024. The increase was primarily attributable to the loss on securities transactions of $1.3 million included in the 2024 period, and an increase of $475,000 in fees related to commercial account treasury services.

Non-interest expense was $43.8 million for the quarter ended March 31, 2025, a decrease of $1.8 million, or 4.0%, from $45.7 million for the quarter ended March 31, 2024. The decrease was primarily attributable to a decrease in professional fees of $2.1 million, as legal, regulatory and compliance-related costs decreased in the 2025 period, and a decrease in federal deposit insurance premiums of $475,000.

Income tax expense was $3.1 million for the quarter ended March 31, 2025, an increase of $3.2 million, as compared to an income tax benefit of $129,000 for the quarter ended March 31, 2024, mainly due to an increase in pre-tax income. The Company’s effective tax rate was 25.9% and 10.0% for the quarters ended March 31, 2025 and 2024, respectively. The effective tax rate for the 2024 period was primarily impacted by permanent income tax differences.

Balance Sheet Summary

Total assets increased $132.4 million, or 1.3%, to $10.6 billion at March 31, 2025 as compared to $10.5 billion at December 31, 2024. The increase in total assets was primarily attributable to an increase in debt securities available for sale of $51.4 million, and an increase in loans receivable, net, of $108.3 million, partially offset by a decrease in cash and cash equivalents of $33.1 million.

Cash and cash equivalents decreased $33.1 million, or 11.5%, to $256.1 million at March 31, 2025 from $289.2 million at December 31, 2024. The decrease was primarily attributable to purchases of securities of $84.7 million, and origination of loans receivable, partially offset by proceeds from principal repayments on securities of $41.2 million, and repayments on loans receivable.

Debt securities available for sale increased $51.4 million, or 5.0%, to $1.1 billion at March 31, 2025 from $1.0 billion at December 31, 2024. The increase was attributable to purchases of securities of $64.8 million, consisting primarily of U.S. government obligations and mortgage-backed securities, and a decrease in the gross unrealized loss on securities of $15.9 million, partially offset by repayments on securities of $29.1 million, and a partial call of a security of $756,000.

Loans receivable, net, increased $108.3 million, or 1.4%, to $8.0 billion at March 31, 2025 from $7.9 billion at December 31, 2024. Multifamily loans and commercial real estate loans increased $107.2 million and $89.5 million, respectively, partially offset by decreases in one-to-four family real estate loans, construction loans, commercial business loans, and home equity loans and advances of $34.4 million, $36.5 million, $8.0 million, and $5.6 million, respectively. The allowance for credit losses for loans increased $2.1 million to $62.0 million at March 31, 2025 from $60.0 million at December 31, 2024, primarily due to an increase in the outstanding balance of loans.

Total liabilities increased $112.4 million, or 1.2%, to $9.5 billion at March 31, 2025 from $9.4 billion at December 31, 2024. The increase was primarily attributable to an increase in total deposits of $98.8 million, or 1.2%, and an increase in borrowings of $27.0 million, or 2.5%, partially offset by a decrease in other liabilities of $15.2 million. The increase in total deposits consisted of increases in non-interest-bearing demand deposits, money market accounts and certificates of deposit of $52.2 million, $92.0 million, and $41.3 million, respectively, partially offset by decreases in interest-bearing demand deposits and savings and club accounts of $85.9 million and $788,000, respectively. The $27.0 million increase in borrowings was driven by a net increase in short-term borrowings of $67.0 million, coupled with new long-term borrowings of $20.0 million, partially offset by repayments of $60.0 million in maturing long-term borrowings.

Total stockholders’ equity increased $20.0 million, or 1.8%, with a balance of $1.1 billion at both March 31, 2025 and December 31, 2024. The increase in total stockholders’ equity was primarily attributable to net income of $8.9 million, and an increase of $9.3 million in other comprehensive income, which includes changes in unrealized losses on debt securities available for sale and unrealized gains on swap contracts, net of taxes, included in other comprehensive income.

Asset Quality

The Company’s non-performing loans at March 31, 2025 totaled $24.9 million, or 0.31% of total gross loans, as compared to $21.7 million, or 0.28% of total gross loans, at December 31, 2024. The $3.2 million increase in non-performing loans was primarily attributable to a $5.9 million construction loan designated as non-performing during the 2025 period, an increase in non-performing one-to-four family real estate loans of $835,000, and an increase in non-performing commercial real estate loans of $452,000, partially offset by a decrease in non-performing commercial business loans of $4.4 million. The $5.9 million non-performing construction loan represents the construction of a mixed use five-story building with both commercial space and apartments. The increase in non-performing one-to-four family real estate loans was due to an increase in the number of loans from 32 non-performing loans at December 31, 2024 to 38 loans at March 31, 2025. The increase in non-performing commercial real estate loans was due to an increase in the number of loans from four non-performing loans at December 31, 2024 to seven loans at March 31, 2025. The decrease in non-performing commercial business loans was primarily attributable to one loan with an outstanding balance of $4.3 million which was paid in full during the 2025 period. Non-performing assets as a percentage of total assets totaled 0.25% at March 31, 2025, as compared to 0.22% at December 31, 2024.

For the quarter ended March 31, 2025, net charge-offs totaled approximately $857,000, as compared to $5.0 million in net charge-offs recorded for the quarter ended March 31, 2024.

The Company’s allowance for credit losses on loans was $62.0 million, or 0.78% of total gross loans, at March 31, 2025, compared to $60.0 million, or 0.76% of total gross loans, at December 31, 2024. The increase in the allowance for credit losses for loans was primarily due to an increase in the outstanding balance of loans.

Additional Liquidity, Loan, and Deposit Information

The Company services a diverse retail and commercial deposit base through its 69 branches. With over 207,000 accounts, the average deposit account balance was approximately $40,000 at March 31, 2025.

Deposit balances are summarized as follows:

	At March 31, 2025				At December 31, 2024
	Balance		Weighted Average Rate		Balance		Weighted Average Rate
	(Dollars in thousands)

Non-interest-bearing demand	$	1,490,243	—	%	$	1,438,030	—	%
Interest-bearing demand		1,935,384	2.08			2,021,312	2.19
Money market accounts		1,333,668	2.84			1,241,691	2.82
Savings and club deposits		651,713	0.70			652,501	0.75
Certificates of deposit		2,783,927	4.08			2,742,615	4.24
Total deposits	$	8,194,935	2.40	%	$	8,096,149	2.47	%

The Company continues to maintain strong liquidity and capital positions. The Company had no outstanding borrowings from the Federal Reserve Discount Window at March 31, 2025. As of March 31, 2025, the Company had immediate access to approximately $2.8 billion of funding, with additional unpledged loan collateral of approximately $2.2 billion.

At March 31, 2025, the Company’s non-performing commercial real estate loans totaled $3.4 million, or 0.04%, of total loans receivable.

The following table presents multifamily real estate, owner occupied commercial real estate, and the components of investor owned commercial real estate loans included in the real estate loan portfolio.

	At March 31, 2025
	(Dollars in thousands)
	Balance		% of Gross Loans		Weighted Average Loan to Value Ratio		Weighted Average Debt Service Coverage
Multifamily Real Estate	$	1,567,862	19.6	%	58.0	%	1.58	x

Owner Occupied Commercial Real Estate	$	689,509	8.6	%	53.7	%	2.23	x

Investor Owned Commercial Real Estate:
Retail / Shopping centers	$	518,841	6.5	%	53.4	%	1.50	x
Mixed Use		220,391	2.8		58.0		1.57
Industrial / Warehouse		423,634	5.3		54.8		1.65
Non-Medical Office		189,617	2.4		51.1		1.65
Medical Office		118,547	1.5		60.0		1.46
Single Purpose		95,041	1.2		54.8		3.14
Other		173,849	2.2		51.3		1.75
Total	$	1,739,920	21.9	%	54.4	%	1.67	x

Total Multifamily and Commercial Real Estate Loans	$	3,997,291	50.1	%	55.7	%	1.73	x

As of March 31, 2025, the Company had less than $1.0 million in loan exposure to office or rent stabilized multifamily loans in New York City.

About Columbia Financial, Inc.

The consolidated financial results include the accounts of Columbia Financial, Inc., its wholly-owned subsidiary Columbia Bank (the “Bank”) and the Bank’s wholly-owned subsidiaries. Columbia Financial, Inc. is a Delaware corporation organized as Columbia Bank’s mid-tier stock holding company. Columbia Financial, Inc. is a majority-owned subsidiary of Columbia Bank, MHC. Columbia Bank is a federally chartered savings bank headquartered in Fair Lawn, New Jersey that operates 69 full-service banking offices and offers traditional financial services to consumers and businesses in its market area.

Forward Looking Statements

Certain statements herein constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by words such as “believes,” “will,” “would,” “expects,” “projects,” “may,” “could,” “developments,” “strategic,” “launching,” “opportunities,” “anticipates,” “estimates,” “intends,” “plans,” “targets” and similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements as a result of numerous factors. Factors that could cause such differences to exist include, but are not limited to, adverse conditions in the capital and debt markets and the impact of such conditions on the Company’s business activities; changes in interest rates, higher inflation and their impact on national and local economic conditions; changes in monetary and fiscal policies of the U.S. Treasury, the Board of Governors of the Federal Reserve System and other governmental entities; the impact of tariffs, sanctions and other trade policies of the United States and its global trading counterparts; the impact of legal, judicial and regulatory proceedings or investigations, competitive pressures from other financial institutions; the effects of general economic conditions on a national basis or in the local markets in which the Company operates, including changes that adversely affect a borrowers’ ability to service and repay the Company’s loans; the effect of acts of terrorism, war or pandemics, including on our credit quality and business operations, as well as its impact on general economic and financial market conditions; changes in the value of securities in the Company’s portfolio; changes in loan default and charge-off rates; fluctuations in real estate values; the adequacy of loan loss reserves; decreases in deposit levels necessitating increased borrowing to fund loans and securities; legislative changes and changes in government regulation; changes in accounting standards and practices; the risk that goodwill and intangibles recorded in the Company’s consolidated financial statements will become impaired; cyber-attacks, computer viruses and other technological risks that may breach the security of our systems and allow unauthorized access to confidential information; the inability of third party service providers to perform; demand for loans in the Company’s market area; the Company’s ability to attract and maintain deposits and effectively manage liquidity; risks related to the implementation of acquisitions, dispositions, and restructurings; the successful implementation of our December 2024 balance sheet repositioning transaction; the risk that the Company may not be successful in the implementation of its business strategy, or its integration of acquired financial institutions and businesses, and changes in assumptions used in making such forward-looking statements which are subject to numerous risks and uncertainties, including but not limited to, those set forth in Item 1A of the Company’s Annual Report on Form 10-K and those set forth in the Company’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, all as filed with the Securities and Exchange Commission (the “SEC”), which are available at the SEC’s website, www.sec.gov. Should one or more of these risks materialize or should underlying beliefs or assumptions prove incorrect, the Company’s actual results could differ materially from those discussed. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes, except as required by law.

Non-GAAP Financial Measures

Reported amounts are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). This press release also contains certain supplemental non-GAAP information that the Company’s management uses in its analysis of the Company’s financial results. Specifically, the Company provides measures based on what it believes are its operating earnings on a consistent basis and excludes material non-routine operating items which affect the GAAP reporting of results of operations. The Company’s management believes that providing this information to analysts and investors allows them to better understand and evaluate the Company’s core financial results for the periods presented. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies’ non-GAAP financial measures having the same or similar names.

The Company also provides measurements and ratios based on tangible stockholders’ equity. These measures are commonly utilized by regulators and market analysts to evaluate a company’s financial condition and, therefore, the Company’s management believes that such information is useful to investors.

A reconciliation of GAAP to non-GAAP financial measures are included at the end of this press release. See “Reconciliation of GAAP to Non-GAAP Financial Measures”.


COLUMBIA FINANCIAL, INC. AND SUBSIDIARIES Consolidated Statements of Financial Condition (In thousands)

	March 31,		December 31,
	2025		2024
Assets	(Unaudited)
Cash and due from banks	$	255,978	$	289,113
Short-term investments		111		110
Total cash and cash equivalents		256,089		289,223

Debt securities available for sale, at fair value		1,077,331		1,025,946
Debt securities held to maturity, at amortized cost (fair value of $364,428, and $350,153 at March 31, 2025 and December 31, 2024, respectively)		400,975		392,840
Equity securities, at fair value		6,981		6,673
Federal Home Loan Bank stock		61,628		60,387

Loans receivable		8,027,308		7,916,928
Less: allowance for credit losses		62,034		59,958
Loans receivable, net		7,965,274		7,856,970

Accrued interest receivable		41,902		40,383
Office properties and equipment, net		82,592		81,772
Bank-owned life insurance		276,767		274,908
Goodwill and intangible assets		120,487		121,008
Other real estate owned		1,334		1,334
Other assets		316,490		324,049
Total assets	$	10,607,850	$	10,475,493

Liabilities and Stockholders’ Equity
Liabilities:
Deposits	$	8,194,935	$	8,096,149
Borrowings		1,107,588		1,080,600
Advance payments by borrowers for taxes and insurance		47,275		45,453
Accrued expenses and other liabilities		157,709		172,915
Total liabilities		9,507,507		9,395,117

Stockholders’ equity:
Total stockholders’ equity		1,100,343		1,080,376
Total liabilities and stockholders’ equity	$	10,607,850	$	10,475,493


COLUMBIA FINANCIAL, INC. AND SUBSIDIARIES Consolidated Statements of Income (Loss) (In thousands, except per share data)

	Three Months Ended March 31,
	2025		2024
Interest income:	(Unaudited)
Loans receivable	$	95,110	$	92,949
Debt securities available for sale and equity securities		9,742		7,785
Debt securities held to maturity		2,811		2,369
Federal funds and interest-earning deposits		2,858		3,563
Federal Home Loan Bank stock dividends		1,642		1,961
Total interest income		112,163		108,627
Interest expense:
Deposits		50,145		48,418
Borrowings		11,693		18,009
Total interest expense		61,838		66,427

Net interest income		50,325		42,200

Provision for credit losses		2,933		5,278

Net interest income after provision for credit losses		47,392		36,922

Non-interest income:
Demand deposit account fees		1,888		1,413
Bank-owned life insurance		1,859		1,780
Title insurance fees		646		503
Loan fees and service charges		1,056		961
Loss on securities transactions		—		(1,256	)
Change in fair value of equity securities		308		351
Gain on sale of loans		515		185
Other non-interest income		2,199		3,515
Total non-interest income		8,471		7,452

Non-interest expense:
Compensation and employee benefits		28,583		27,513
Occupancy		6,185		5,973
Federal deposit insurance premiums		1,880		2,355
Advertising		531		626
Professional fees		2,515		4,634
Data processing and software expenses		4,061		3,967
Merger-related expenses		—		22
Other non-interest expense, net		90		568
Total non-interest expense		43,845		45,658

Income (loss) before income tax expense (benefit)		12,018		(1,284	)

Income tax expense (benefit)		3,118		(129	)

Net income (loss)	$	8,900	$	(1,155	)

Earnings (loss) per share-basic	$	0.09	$	(0.01	)
Earnings (loss) per share-diluted	$	0.09	$	(0.01	)
Weighted average shares outstanding-basic		101,816,716		101,746,740
Weighted average shares outstanding-diluted		101,816,716		101,988,425


COLUMBIA FINANCIAL, INC. AND SUBSIDIARIES Average Balances/Yields

	For the Three Months Ended March 31,
		2025							2024
	Average Balance			Interest and Dividends		Yield / Cost		Average Balance			Interest and Dividends		Yield / Cost
	(Dollars in thousands)
Interest-earnings assets:
Loans	$	7,894,561		$	95,110	4.89	%	$	7,802,865		$	92,949	4.79	%
Securities		1,477,537			12,553	3.45	%		1,543,734			10,154	2.65	%
Other interest-earning assets		317,433			4,500	5.75	%		366,343			5,524	6.06	%
Total interest-earning assets		9,689,531			112,163	4.69	%		9,712,942			108,627	4.50	%
Non-interest-earning assets		873,451							855,618
Total assets	$	10,562,982						$	10,568,560

Interest-bearing liabilities:
Interest-bearing demand	$	2,060,528		$	13,172	2.59	%	$	1,998,749		$	13,384	2.69	%
Money market accounts		1,282,241			7,606	2.41	%		1,234,943			8,769	2.86	%
Savings and club deposits		649,257			1,108	0.69	%		688,535			1,236	0.72	%
Certificates of deposit		2,756,895			28,259	4.16	%		2,516,323			25,029	4.00	%
Total interest-bearing deposits		6,748,921			50,145	3.01	%		6,438,550			48,418	3.02	%
FHLB advances		1,060,911			11,554	4.42	%		1,447,143			17,847	4.96	%
Junior subordinated debentures		7,040			139	8.01	%		7,018			162	9.28	%
Total borrowings		1,067,951			11,693	4.44	%		1,454,161			18,009	4.98	%
Total interest-bearing liabilities		7,816,872		$	61,838	3.21	%		7,892,711		$	66,427	3.38	%

Non-interest-bearing liabilities:
Non-interest-bearing deposits		1,432,837							1,392,274
Other non-interest-bearing liabilities		222,604							240,798
Total liabilities		9,472,313							9,525,783
Total stockholders’ equity		1,090,669							1,042,777
Total liabilities and stockholders’ equity	$	10,562,982						$	10,568,560

Net interest income				$	50,325						$	42,200
Interest rate spread						1.48	%						1.12	%
Net interest-earning assets	$	1,872,659						$	1,820,231
Net interest margin						2.11	%						1.75	%
Ratio of interest-earning assets to interest-bearing liabilities		123.96	%						123.06	%


COLUMBIA FINANCIAL, INC. AND SUBSIDIARIES Components of Net Interest Rate Spread and Margin

	Average Yields/Costs by Quarter
	March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024
Yield on interest-earning assets:
Loans	4.89	%	4.88	%	5.00	%	4.93	%	4.79	%
Securities	3.45		2.99		2.90		2.89		2.65
Other interest-earning assets	5.75		6.00		6.72		6.30		6.06
Total interest-earning assets	4.69	%	4.61	%	4.70	%	4.64	%	4.50	%

Cost of interest-bearing liabilities:
Total interest-bearing deposits	3.01	%	3.13	%	3.21	%	3.14	%	3.02	%
Total borrowings	4.44		4.65		4.87		4.92		4.98
Total interest-bearing liabilities	3.21	%	3.38	%	3.52	%	3.49	%	3.38	%

Interest rate spread	1.48	%	1.23	%	1.18	%	1.15	%	1.12	%
Net interest margin	2.11	%	1.88	%	1.84	%	1.81	%	1.75	%

Ratio of interest-earning assets to interest-bearing liabilities	123.96	%	124.02	%	123.06	%	123.03	%	123.06	%


COLUMBIA FINANCIAL, INC. AND SUBSIDIARIES Selected Financial Highlights

	March 31, 2025		December 31, 2024		September 30, 2024		June 30, 2024		March 31, 2024
SELECTED FINANCIAL RATIOS ⁽¹⁾:
Return on average assets	0.34	%	(0.79	)%	0.23	%	0.17	%	(0.04	)%
Core return on average assets	0.35	%	0.42	%	0.23	%	0.20	%	0.02	%
Return on average equity	3.31	%	(7.86	)%	2.32	%	1.77	%	(0.45	)%
Core return on average equity	3.37	%	4.09	%	2.29	%	2.06	%	0.18	%
Core return on average tangible equity	3.78	%	4.74	%	2.58	%	2.34	%	0.20	%
Interest rate spread	1.48	%	1.23	%	1.18	%	1.15	%	1.12	%
Net interest margin	2.11	%	1.88	%	1.84	%	1.81	%	1.75	%
Non-interest income to average assets	0.33	%	(0.88	)%	0.33	%	0.35	%	0.28	%
Non-interest expense to average assets	1.68	%	1.73	%	1.60	%	1.74	%	1.74	%
Efficiency ratio	74.57	%	205.17	%	78.95	%	86.83	%	91.96	%
Core efficiency ratio	74.20	%	73.68	%	79.14	%	85.34	%	88.39	%
Average interest-earning assets to average interest-bearing liabilities	123.96	%	124.02	%	123.06	%	123.03	%	123.06	%
Net charge-offs to average outstanding loans	0.04	%	0.07	%	0.14	%	0.03	%	0.26	%

⁽¹⁾ Ratios are annualized when appropriate.


ASSET QUALITY DATA:
	March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024			March 31, 2024
	(Dollars in thousands)

Non-accrual loans	$	24,856		$	21,701		$	28,014		$	25,281		$	22,935
90+ and still accruing		—			—			—			—			—
Non-performing loans		24,856			21,701			28,014			25,281			22,935
Real estate owned		1,334			1,334			1,974			1,974			—
Total non-performing assets	$	26,190		$	23,035		$	29,988		$	27,255		$	22,935

Non-performing loans to total gross loans		0.31	%		0.28	%		0.36	%		0.33	%		0.30	%
Non-performing assets to total assets		0.25	%		0.22	%		0.28	%		0.25	%		0.22	%
Allowance for credit losses on loans (“ACL”)	$	62,034		$	59,958		$	58,495		$	57,062		$	55,401
ACL to total non-performing loans		249.57	%		276.29	%		208.81	%		225.71	%		241.56	%
ACL to gross loans		0.78	%		0.76	%		0.75	%		0.73	%		0.71	%


LOAN DATA:
	March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024			March 31, 2024
	(In thousands)
Real estate loans:
One-to-four family	$	2,676,566		$	2,710,937		$	2,737,190		$	2,764,177		$	2,778,932
Multifamily		1,567,862			1,460,641			1,399,000			1,409,316			1,429,369
Commercial real estate		2,429,429			2,339,883			2,312,759			2,316,252			2,318,178
Construction		437,081			473,573			510,439			462,880			437,566
Commercial business loans		614,049			622,000			586,447			554,768			538,260
Consumer loans:
Home equity loans and advances		253,439			259,009			261,041			260,427			260,786
Other consumer loans		2,547			3,404			2,877			2,689			2,601
Total gross loans		7,980,973			7,869,447			7,809,753			7,770,509			7,765,692
Purchased credit deteriorated loans		10,395			11,686			11,795			12,150			14,945
Net deferred loan costs, fees and purchased premiums and discounts		35,940			35,795			35,642			36,352			34,992
Allowance for credit losses		(62,034	)		(59,958	)		(58,495	)		(57,062	)		(55,401	)
Loans receivable, net	$	7,965,274		$	7,856,970		$	7,798,695		$	7,761,949		$	7,760,228


CAPITAL RATIOS:
	March 31,		December 31,
	2025 ⁽¹⁾		2024
Company:
Total capital (to risk-weighted assets)	14.12	%	14.20	%
Tier 1 capital (to risk-weighted assets)	13.30	%	13.40	%
Common equity tier 1 capital (to risk-weighted assets)	13.21	%	13.31	%
Tier 1 capital (to adjusted total assets)	10.29	%	10.02	%

Columbia Bank:
Total capital (to risk-weighted assets)	14.37	%	14.41	%
Tier 1 capital (to risk-weighted assets)	13.51	%	13.56	%
Common equity tier 1 capital (to risk-weighted assets)	13.51	%	13.56	%
Tier 1 capital (to adjusted total assets)	9.88	%	9.64	%

⁽¹⁾ Estimated ratios at March 31, 2025


Reconciliation of GAAP to Non-GAAP Financial Measures

Book and Tangible Book Value per Share
	March 31,			December 31,
	2025			2024
	(Dollars in thousands)

Total stockholders’ equity	$	1,100,343		$	1,080,376
Less: goodwill		(110,715	)		(110,715	)
Less: core deposit intangible		(8,443	)		(8,964	)
Total tangible stockholders’ equity	$	981,185		$	960,697

Shares outstanding		104,930,900			104,759,185

Book value per share	$	10.49		$	10.31
Tangible book value per share	$	9.35		$	9.17


Reconciliation of Core Net Income
	Three Months Ended March 31,
		2025		2024
	(In thousands)

Net income (loss)	$	8,900	$	(1,155	)
Add: loss on securities transactions, net of tax		—		1,130
Add: FDIC special assessment, net of tax		—		393
Add: severance expense, net of tax		163		67
Add: merger-related expenses, net of tax		—		20
Core net income	$	9,063	$	455

Return on Average Assets
	Three Months Ended March 31,
	2025			2024
	(Dollars in thousands)

Net income (loss)	$	8,900		$	(1,155	)

Average assets	$	10,562,982		$	10,568,560

Return on average assets		0.34	%	(0.04		)%

Core net income	$	9,063		$	455

Core return on average assets		0.35	%		0.02	%


Reconciliation of GAAP to Non-GAAP Financial Measures (continued)

Return on Average Equity
	Three Months Ended March 31,
	2025			2024
	(Dollars in thousands)

Total average stockholders’ equity	$	1,090,669		$	1,042,777
Add: loss on securities transactions, net of tax		—			1,130
Add: FDIC special assessment, net of tax		—			393
Add: severance expense, net of tax		163			67
Add: merger-related expenses, net of tax		—			20
Core average stockholders’ equity	$	1,090,832		$	1,044,387

Return on average equity		3.31	%	(0.45		)%

Core return on core average equity		3.37	%		0.18	%


Return on Average Tangible Equity
	Three Months Ended March 31,
	2025			2024
	(Dollars in thousands)

Total average stockholders’ equity	$	1,090,669		$	1,042,777
Less: average goodwill		(110,715	)		(110,715	)
Less: average core deposit intangible		(8,784	)		(10,956	)
Total average tangible stockholders’ equity	$	971,170		$	921,106

Core return on average tangible equity		3.78	%		0.20	%


Reconciliation of GAAP to Non-GAAP Financial Measures (continued)

Efficiency Ratios
	Three Months Ended March 31,
	2025			2024
	(Dollars in thousands)

Net interest income	$	50,325		$	42,200
Non-interest income		8,471			7,452
Total income	$	58,796		$	49,652

Non-interest expense	$	43,845		$	45,658

Efficiency ratio		74.57	%		91.96	%

Non-interest income	$	8,471		$	7,452
Add: loss on securities transactions		—			1,256
Core non-interest income	$	8,471		$	8,708

Non-interest expense	$	43,845		$	45,658
Less: FDIC special assessment, net		—			(565	)
Less: severance expense		(220	)		(74	)
Less: merger-related expenses		—			(22	)
Core non-interest expense	$	43,625		$	44,997

Core efficiency ratio		74.20	%		88.39	%

Columbia Financial, Inc.
Investor Relations Department
(833) 550-0717

The MIL Network –

May 1, 2025

MIL-OSI: Delisting of Securities of TLGY Acquisition Corporation; Target Global Acquisition I Corp.; Inception Growth Acquisition Limited; Healthcare AI Acquisition Corp.; Globalink Investment Inc.; BurTech Acquisition Corp; Mountain & Co. I Acquisition Corp.; Pearl Holdings Acquisition Corp; Alpha Star Acquisition Corporation; CF Acquisition Corp. VII; Kairous Acquisition Corp. Limited; Finnovate Acquisition Corp.; Exela Technologies, Inc.; Investcorp Europe Acquisition Corp I; Molecular Templates, Inc.

Source: GlobeNewswire (MIL-OSI)

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) — The Nasdaq Stock Market announced today that it will delist the Class A common stock of Alpine 4 Holdings, Inc. Alpine 4 Holdings, Inc.’s stock was suspended on October 18, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Orgenesis Inc. Orgenesis Inc.’s stock was suspended on October 21, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of ShiftPixy, Inc. ShiftPixy, Inc.’s stock was suspended on October 28, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Novo Integrated Sciences, Inc. Novo Integrated Sciences, Inc.’s stock was suspended on November 6, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of Mountain & Co. I Acquisition Corp. Mountain & Co. I Acquisition Corp.’s securities were suspended on November 7, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock and 6.00% Series B Cumulative Convertible Perpetual Preferred Stock of Exela Technologies, Inc. Exela Technologies, Inc.’s securities were suspended on November 8, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of Finnovate Acquisition Corp. Finnovate Acquisition Corp.’s securities were suspended on November 12, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock of Mondee Holdings, Inc. Mondee Holdings, Inc.’s stock was suspended on December 6, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of TLGY Acquisition Corporation. TLGY Acquisition Corporation’s securities were suspended on December 9, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, warrants, and units of Target Global Acquisition I Corp. Target Global Acquisition I Corp.’s securities were suspended on December 17, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock, warrants, units, and rights of Inception Growth Acquisition Limited. Inception Growth Acquisition Limited’s securities were suspended on December 17, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of Healthcare AI Acquisition Corp. Healthcare AI Acquisition Corp.’s securities were suspended on December 17, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock, warrants, rights, and units of Globalink Investment Inc. Globalink Investment Inc.’s securities were suspended on December 17, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the unit of BurTech Acquisition Corp. BurTech Acquisition Corp.’s security was suspended on December 18, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of Pearl Holdings Acquisition Corp. Pearl Holdings Acquisition Corp’s securities were suspended on December 23, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares, warrants, rights, and units of Alpha Star Acquisition Corporation. Alpha Star Acquisition Corporation’s securities were suspended on December 23, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A common stock, warrants, and units of CF Acquisition Corp VII. CF Acquisition Corp. VII’s securities were suspended on December 23, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the ordinary shares, rights, units, and warrants of Kairous Acquisition Corp Limited. Kairous Acquisition Corp. Limited’s securities were suspended on December 23, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the Class A ordinary shares, units, and warrants of Investcorp Europe Acquisition Corp I. Investcorp Europe Acquisition Corp I’s securities were suspended on December 24, 2024 and have not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the unit of FTAC Emerald Acquisition Corp. FTAC Emerald Acquisition Corp.’s security was suspended on December 24, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock of Molecular Templates, Inc. Molecular Templates, Inc.’s stock was suspended on December 26, 2024 and has not traded on Nasdaq since that time.

Nasdaq also announced today that it will delist the common stock, warrants, and rights of NorthView Acquisition Corporation. NorthView Acquisition Corporation’s securities were suspended on December 27, 2024 and have not traded on Nasdaq since that time.

For more information about The Nasdaq Stock Market, visit the Nasdaq Web site at http://www.nasdaq.com. Nasdaq’s rules governing the delisting of securities can be found in the Nasdaq Rule 5800 Series, available on the Nasdaq Web site: https://listingcenter.nasdaq.com/rulebook/nasdaq/rules/nasdaq-5800-series.

The MIL Network –

May 1, 2025

MIL-OSI: Apollo to Present at the 2025 Barclays Americas Select Franchise Conference

Source: GlobeNewswire (MIL-OSI)

NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that Martin Kelly, Chief Financial Officer, will participate in a fireside chat at the Barclays Americas Select Franchise Conference on Wednesday, May 7, 2025 at 8:30 am EDT.

A live webcast of the event will be available on Apollo’s Investor Relations website at ir.apollo.com. For those unable to join live, a replay will be available shortly after the event.

About Apollo

Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2024, Apollo had approximately $751 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts

Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

The MIL Network –

May 1, 2025

MIL-OSI: Ninepoint Partners Announces Final Closing of over $41 Million for Ninepoint 2025 Flow-Through Limited Partnership

Source: GlobeNewswire (MIL-OSI)

TORONTO, April 30, 2025 (GLOBE NEWSWIRE) — Ninepoint Partners LP (“Ninepoint”) is pleased to announce that the Ninepoint 2025 Flow-Through Limited Partnership (the “Partnership”) has completed the third and final closing in connection with its offering of Class A and Class F limited partnership units (the “Units”) pursuant to a prospectus dated January 30, 2025. The Partnership raised $4,375,500 on the sale of an additional 175,020 Units for aggregate gross proceeds of $41,381,200. The Units are being offered at a price per Unit of $25.00 with a minimum subscription of 100 Units ($2,500).

The Partnership intends to provide liquidity to limited partners through a roll-over to the Ninepoint Resource Fund Class in the period between January 15, 2027 to February 28, 2027.

Ninepoint is a leading manager of Flow-Through Funds in Canada. Since its inception in 2017, Ninepoint has successfully raised more Flow-Through Fund capital than any other asset manager in Canada. Flow Through strategies continue to provide an effective time-tested tax planning strategy to Canadian investors and have delivered strong after-tax returns.

Investment Objective of the Partnership
The Partnership’s investment objective is to achieve capital appreciation and significant tax benefits for limited partners by investing in a diversified portfolio of Flow-Through Shares (as defined in the Prospectus) and other securities, if any, of Resource Issuers (as defined in the Prospectus).

Attractive Tax-Reduction Benefits
Flow-through partnerships are one of the most effective tax reduction strategies available to Canadians. Ninepoint anticipates that investors participating in the Partnership will be eligible to receive a tax deduction of approximately 100% of the amount invested.

Resource Expertise
The Partnership will be sub-advised by Sprott Asset Management LP (“Sprott”), one of Canada’s leading investment advisors in small and mid-cap resource companies. Over its long history of investing in the resource sector, Sprott has developed relationships with hundreds of companies. Its experienced team of portfolio managers is supported by a team of technical experts with extensive backgrounds in mining and geology.

Portfolio manager Jason Mayer will manage the portfolio of the Partnership and will be supported by Sprott’s broader team of experienced resource investment professionals.

Agents
The offering is being made through a syndicate of agents led by RBC Dominion Securities Inc. which includes
CIBC World Markets Inc., TD Securities Inc., National Bank Financial Inc., Scotia Capital Inc., BMO Nesbitt Burns Inc., Manulife Wealth Inc., iA Private Wealth Inc., Raymond James Ltd., Richardson Wealth Limited, Canaccord Genuity Corp., Desjardins Securities Inc., Ventum Financial Corp. and Wellington-Altus Private Wealth Inc.

About Ninepoint Partners LP
Based in Toronto, Ninepoint Partners LP is one of Canada’s leading alternative investment management firms overseeing approximately $7 billion in assets under management and institutional contracts. Committed to helping investors explore innovative investment solutions that have the potential to enhance returns and manage portfolio risk, Ninepoint offers a diverse set of alternative strategies spanning Equities, Fixed Income, Alternative Income, Real Assets, F/X and Digital Assets.

For more information on Ninepoint Partners LP, please visit www.ninepoint.com or for inquiries regarding the offering, please contact us at (416) 943-6707 or (866) 299-9906 or invest@ninepoint.com.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expects”, “intends”, “anticipates”, “will” and similar expressions to the extent that they relate to the Partnership. The forward-looking statements are not historical facts but reflect the Partnership’s, Ninepoint’s and Sprott’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Partnership, Ninepoint and Sprott believe the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. Neither the Partnership, nor Ninepoint or Sprott undertake any obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This offering is only made by prospectus. The Partnership’s prospectus contains important detailed information about the securities being offered. Copies of the prospectus may be obtained from one of the dealers noted above. Investors should read the prospectus before making an investment decision.

The MIL Network –

May 1, 2025

MIL-OSI: Bogota Financial Corp. Reports Results for the Three Months Ended March 31, 2025

Source: GlobeNewswire (MIL-OSI)

TEANECK, N.J., April 30, 2025 (GLOBE NEWSWIRE) — Bogota Financial Corp. (NASDAQ: BSBK) (the “Company”), the holding company for Bogota Savings Bank (the “Bank”), reported net income for the three months ended March 31, 2025 of $731,000, or $0.06 per basic and diluted share, compared to a net loss of $441,000, or $0.03 per basic and diluted share, for the comparable prior year period. The increase in net income was primarily due to a decrease in deposit costs and increases in the yield on loans and security income, which resulted in a $942,000 increase in net interest income over the previous year. The Company also recorded a one-time death benefit accrual from its bank-owned life insurance policy for a former employee of approximately $543,000.

The Bank has completed its previous repurchase program and has no repurchase program outstanding. As of March 31, 2025, 238,258 shares had been repurchased pursuant to the previous program at a cost of $1.7 million.

Other Financial Highlights:

Total assets decreased $41.3 million, or 4.3%, to $930.2 million at March 31, 2025 from $971.5 million at December 31, 2024, due to a decrease in cash and cash equivalents, loans and securities.
Cash and cash equivalents decreased $26.6 million, or 51.0%, to $25.6 million at March 31, 2025 from $52.2 million at December 31, 2024 as excess funds were used to pay down borrowings.
Securities decreased $2.6 million, or 1.8%, to $137.7 million at March 31, 2025 from $140.3 million at December 31, 2024.
Net loans decreased $10.2 million, or 1.4%, to $701.5 million at March 31, 2025 from $711.7 million at December 31, 2024.
Total deposits at March 31, 2025 were $633.0 million, decreasing $9.2 million, or 1.4%, as compared to $642.2 million at December 31, 2024, due to a $9.5 million decrease in interest-bearing deposits, primarily due to a $17.3 million decrease in certificates of deposit, and a $1.2 million decrease in money market accounts, offset by a $6.6 million increase in NOW accounts and a $2.4 million increase in savings accounts. The average cost of deposits increased 13 basis points to 3.55% for the first quarter of 2025 from 3.42% for the three months ended December 31, 2024.
Federal Home Loan Bank advances decreased $32.4 million, or 18.8% to $139.8 million at March 31, 2025 from $172.2 million as of December 31, 2024.

Kevin Pace, President and Chief Executive Officer, said “We continue to have a positive outlook on achieving the long-term goals we have set. We have also experienced immediate improvements from the balance sheet restructuring completed at the end of 2024. With a full quarter completed, the positive impact of the restructuring is reflected on our financials. The current market turmoil has created uncertainty around rates. We remain very mindful of this as we project our growth and look to improve our net interest margin.”

“Credit quality remains a focus, as it has historically, while we anticipate modest loan growth in the short term. Growth and diversification of our assets are a priority of our strategic plan and we remain dedicated to that vision.”

Income Statement Analysis

Comparison of Operating Results for the Three Months Ended March 31, 2025 and March 31, 2024

Net income increased by $1.2 million to net income of $731,000 for the three months ended March 31, 2025 compared to a net loss of $441,000 for the three months ended March 31, 2024. This increase was primarily due to an increase of $942,000 in net interest income, and a $590,000 increase in non-interest income, partially offset by an increase of $300,000 in occupancy and equipment costs, and a decrease of $259,000 in income tax benefit.

Interest income increased $862,000, or 8.6%, from $10.1 million for the three months ended March 31, 2024 to $10.9 million for the three months ended March 31, 2025 primarily due to higher yields on interest-earning assets, offset by a decrease in interest-earning assets.

Interest income on cash and cash equivalents increased $115,000, or 76.7%, to $265,000 for the three months ended March 31, 2025 from $150,000 for the three months ended March 31, 2024 due to a $6.7 million increase in the average balance to $16.6 million for the three months ended March 31, 2025 from $9.9 million for the three months ended March 31, 2024, reflecting the decrease in loans and securities. The increase was augmented by a 27 basis point increase in the average yield from 6.10% for the three months ended March 31, 2024 to 6.37% for the three months ended March 31, 2025 due to the higher interest rate environment.

Interest income on loans increased $396,000, or 4.8%, to $8.6 million for the three months ended March 31, 2025 compared to $8.2 million for the three months ended March 31, 2024 due primarily to a 27 basis point increase in the average yield from 4.61% for the three months ended March 31, 2024 to 4.88% for the three months ended March 31, 2025, which was offset by a $8.3 million decrease in the average balance to $705.1 million for the three months ended March 31, 2025 from $713.4 million for the three months ended March 31, 2024.

Interest income on securities increased $304,000, or 19.9%, to $1.8 million for the three months ended March 31, 2025 from $1.5 million for the three months ended March 31, 2024 primarily due to a 138 basis point increase in the average yield from 3.67% for the three months ended March 31, 2024 to 5.05% for the three months ended March 31, 2025 due to the rebalancing of the balance sheet in the fourth quarter of 2024. This was partially offset by a $21.4 million decrease in the average balance to $145.3 million for the three months ended March 31, 2025 from $166.7 million for the three months ended March 31, 2024.

Interest expense decreased $80,000, or 1.1%, from $7.4 million for the three months ended March 31, 2024 to $7.3 million for the three months ended March 31, 2025 due to lower average balances on certificates of deposits, offset by an increase in the cost of funds. During the three months ended March 31, 2025, the use of hedges reduced the interest expense on the Federal Home Loan Bank and brokered deposit advances by $177,000. At March 31, 2025, cash flow hedges used to manage interest rate risk had a notional value of $65.0 million, while fair value hedges totaled $60.0 million in notional value.

Interest expense on interest-bearing deposits decreased $208,000, or 3.5%, to $5.8 million for the three months ended March 31, 2025 from $6.0 million for the three months ended March 31, 2024. The average balances of certificates of deposit decreased $32.2 million to $484.3 million for the three months ended March 31, 2025 from $516.5 million for the three months ended March 31, 2024 while the average balance of NOW/money market accounts and savings accounts increased $10.0 million and $2.5 million for the three months ended March 31, 2025, respectively, compared to the three months ended March 31, 2024.

Interest expense on Federal Home Loan Bank advances increased $128,000, or 8.9%, from $1.4 million for the three months ended March 31, 2024 to $1.6 million for the three months ended March 31, 2025. The increase was primarily due to an increase in the average cost of borrowings of 24 basis points to 4.02% for the three months ended March 31, 2025 from 3.78% for the three months ended March 31, 2024 due to new borrowings being at shorter durations. The increase was also due to an increase in the average balance of $4.8 million to $158.1 million for the three months ended March 31, 2025 from $153.3 million for the three months ended March 31, 2024.

Net interest income increased $942,000, or 35.5%, to $3.6 million for the three months ended March 31, 2025 from $2.7 million for the three months ended March 31, 2024. The increase reflected a 44 basis point increase in our net interest rate spread to 1.12% for the three months ended March 31, 2025 from 0.68% for the three months ended March 31, 2024. Our net interest margin increased 48 basis points to 1.66% for the three months ended March 31, 2025 from 1.18% for the three months ended March 31, 2024.

We recorded a recovery for credit losses for the three months ended March 31, 2025 of $80,000 compared to a provision for credit losses of $35,000 for the three months ended March 31, 2024 due to decreases in loan balances and unfunded commitments.

Non-interest income increased by $590,000, or 197.4%, to $889,000 for the three months ended March 31, 2025 from $299,000 for the three months ended March 31, 2024. Bank-owned life insurance income increased $550,000, or 259.5%, due to a death benefit received related to a former employee. Gain on sale of loans increased $29,000 compared to no gain on sale of loans for the comparable period last year.

For the three months ended March 31, 2025, non-interest expense increased $217,000, or 5.9%, over the comparable 2024 period. This was due to a $300,000, or 80.9% increase in occupancy and equipment costs, which increased as we began leasing certain offices as part of the sale-leaseback transaction completed in the fourth quarter of 2024, which was offset by a $78,000, or 3.6%, decrease in salaries and employee benefit costs, which decreased as a result of reduced headcount, taxes and a reduction in stock-based compensation expense.

Income tax benefit decreased $259,000, to a benefit of $28,000 for the three months ended March 31, 2025 from a $287,000 benefit for the three months ended March 31, 2024. The decrease was due to an increase of $1.4 million in taxable income, offset by the benefits of income from bank-owned life insurance, which is tax free.

Balance Sheet Analysis

Total assets were $930.2 million at March 31, 2025, representing a decrease of $41.3 million, or 4.3%, from December 31, 2024. Cash and cash equivalents decreased $26.6 million during the period primarily due to the paydown of borrowings and decrease in deposits. Net loans decreased $10.2 million, or 1.44%, due to a $6.6 million decrease in the balance of residential loans, as well as a $9.7 million decrease in the balance of construction loans and a decrease of $1.1 million in commercial and industrial loans. The decrease was partially offset by new production of $7.8 million of commercial real estate loans. Due to the interest rate environment, we have experienced a decrease in demand for residential and construction loans, which have been primary drivers of our loan growth in recent periods. Securities available for sale decreased $2.6 million, or 1.8%.

Delinquent loans decreased $842,000 to $13.5 million, or 1.92% of total loans, at March 31, 2025, compared to $14.3 million, or 2.01% of total loans, at December 31, 2024. The decrease was mostly due to the payoff of one commercial real estate loan with a balance of $455,000 and residential loans totaling $387,000 being brought current. During the same timeframe, non-performing assets decreased from $14.0 million at December 31, 2024 to $13.9 million, which represented 1.49% of total assets at March 31, 2025. No loans were charged-off during the three months ended March 31, 2025 or March 31, 2024. The Company’s allowance for credit losses related to loans was 0.37% of total loans and 18.65% of non-performing loans at March 31, 2025 compared to 0.37% of total loans and 21.81% of non-performing loans at December 31, 2024. The Bank does not have any exposure to commercial real estate loans secured by office space.

Total liabilities decreased $42.3 million, or 5.1%, to $791.9 million mainly due to a $32.4 million decrease in borrowings and a $9.2 million decrease in total deposits. The decrease in deposits reflected a decrease in certificate of deposit accounts, which decreased by $17.3 million to $476.0 million from $493.3 million at December 31, 2024, and a $1.2 million, or 8.3%, decrease in money market accounts. This was offset by an increase in NOW deposit accounts, which increased by $6.6 million to $62.0 million from $55.4 million at December 31, 2024, and by an increase in savings accounts, which increased by $2.4 million from $46.9 million at December 31, 2024 to $49.3 million at March 31, 2025. At March 31, 2025, brokered deposits were $94.2 million or 14.9% of deposits and municipal deposits were $39.2 million or 6.2% of deposits. At March 31, 2025, uninsured deposits represented 7.9% of the Bank’s total deposits. Federal Home Loan Bank advances decreased $32.4 million, or 18.8%, due to paydown of existing borrowings. Total borrowing capacity at the Federal Home Loan Bank is $261.9 million of which $139.8 million has been advanced.

Total stockholders’ equity increased $965,000 to $138.3 million, due to net income of $731,000 and a decrease in accumulated other comprehensive loss of $360,000. At March 31, 2025, the Company’s ratio of average stockholders’ equity-to-average total assets was 14.59%, compared to 13.99% at December 31, 2024.

About Bogota Financial Corp.

Bogota Financial Corp. is a Maryland corporation organized as the mid-tier holding company of Bogota Savings Bank and is the majority-owned subsidiary of Bogota Financial, MHC. Bogota Savings Bank is a New Jersey chartered stock savings bank that has served the banking needs of its customers in northern and central New Jersey since 1893. It operates from seven offices located in Bogota, Hasbrouck Heights, Upper Saddle River, Newark, Oak Ridge, Parsippany and Teaneck, New Jersey and operates a loan production office in Spring Lake, New Jersey.

Forward-Looking Statements

This press release contains certain forward-looking statements about the Company and the Bank. Forward-looking statements include statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions including potential recessionary conditions, the imposition of tariffs or other domestic or international governmental policies, conditions within the securities markets, real estate market values in the Bank’s lending area, changes in liquidity, including the size and composition of our deposit portfolio and the percentage of uninsured deposits in the portfolio; the availability of low-cost funding; our continued reliance on brokered and municipal deposits; demand for loans in our market area; changes in the quality of our loan and security portfolios, economic assumptions or changes in our methodology for calculating our allowance for credit losses calculation, increases in non-performing and classified loans, monetary and fiscal policies of the U.S. Government including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company’s operational or security systems or infrastructure, including cyberattacks, the failure to maintain current technologies, failure to retain or attract employees and legislative, accounting and regulatory changes that could adversely affect the business in which the Company and the Bank are engaged.

The Company undertakes no obligation to revise these forward-looking statements or to reflect events or circumstances after the date of this press release.


BOGOTA FINANCIAL CORP. CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (unaudited)

	As of			As of
	March 31, 2025			December 31, 2024
Assets
Cash and due from banks	$	8,304,517		$	18,020,527
Interest-bearing deposits in other banks		17,305,310			34,211,681
Cash and cash equivalents		25,609,827			52,232,208
Securities available for sale, at fair value		137,732,521			140,307,447
Loans, net of allowance for credit losses of $2,590,950 and $2,620,949, respectively		701,484,425			711,716,236
Premises and equipment, net		4,662,435			4,727,302
Federal Home Loan Bank (FHLB) stock and other restricted securities		7,343,700			8,803,000
Accrued interest receivable		4,151,280			4,232,563
Core deposit intangibles		140,827			152,893
Bank-owned life insurance		31,112,915			31,859,604
Right of use asset		10,624,725			10,776,596
Other assets		7,329,182			6,682,035
Total Assets	$	930,191,837		$	971,489,884
Liabilities and Equity
Non-interest bearing deposits	$	32,983,669		$	32,681,963
Interest bearing deposits		600,051,531			609,506,079
Total deposits		633,035,200			642,188,042
FHLB advances-short term		24,500,000			29,500,000
FHLB advances-long term		115,273,377			142,673,182
Advance payments by borrowers for taxes and insurance		2,707,508			2,809,205
Lease liabilities		10,667,946			10,780,363
Other liabilities		5,754,000			6,249,932
Total liabilities		791,938,031			834,200,724

Stockholders’ Equity
Preferred stock $0.01 par value 1,000,000 shares authorized, none issued and outstanding at March 31, 2025 and December 31, 2024		—			—
Common stock $0.01 par value, 30,000,000 shares authorized, 13,008,964 issued and outstanding at March 31, 2025 and 13,059,175 at December 31, 2024		130,089			130,592
Additional paid-in capital		55,068,598			55,269,962
Retained earnings		90,737,595			90,006,648
Unearned ESOP shares (376,338 shares at March 31, 2025 and 382,933 shares at December 31, 2024)		(4,445,293	)		(4,520,594	)
Accumulated other comprehensive loss		(3,237,183	)		(3,597,448	)
Total stockholders’ equity		138,253,806			137,289,160
Total liabilities and stockholders’ equity	$	930,191,837		$	971,489,884


BOGOTA FINANCIAL CORP. CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited)

	Three Months Ended
	March 31,
	2025			2024
Interest income
Loans, including fees	$	8,603,129		$	8,207,392
Securities
Taxable		1,830,394			1,516,343
Tax-exempt		2,895			13,148
Other interest-earning assets		487,171			324,304
Total interest income		10,923,589			10,061,187
Interest expense
Deposits		5,762,324			5,969,881
FHLB advances		1,568,027			1,440,069
Total interest expense		7,330,351			7,409,950
Net interest income		3,593,238			2,651,237
(Recovery) provision for credit losses		(80,000	)		35,000
Net interest income after (recovery) provision for credit losses		3,673,238			2,616,237
Non-interest income
Fees and service charges		55,819			58,587
Gain on sale of loans		29,062			—
Bank-owned life insurance		762,231			211,959
Other		42,260			28,532
Total non-interest income		889,372			299,078
Non-interest expense
Salaries and employee benefits		2,080,199			2,158,565
Occupancy and equipment		671,469			371,117
FDIC insurance assessment		106,586			100,597
Data processing		315,697			303,605
Advertising		105,500			110,100
Director fees		159,444			155,700
Professional fees		198,730			196,785
Other		222,045			246,622
Total non-interest expense		3,859,670			3,643,091
Income (loss) before income taxes		702,940			(727,776	)
Income tax benefit		(28,007	)		(286,796	)
Net income (loss)	$	730,947		$	(440,980	)
Earnings (loss) per Share – basic	$	0.06		$	(0.03	)
Earnings (loss) per Share – diluted	$	0.06		$	(0.03	)
Weighted average shares outstanding – basic		12,649,573			12,852,930
Weighted average shares outstanding – diluted		12,650,520			12,852,930


BOGOTA FINANCIAL CORP. SELECTED RATIOS (unaudited)

	At or For the Three Months
	Ended March 31,
	2025			2024
Performance Ratios (1):
Return (loss) on average assets (2)		0.08	%		(0.19	)%
Return (loss) on average equity (3)		0.53	%		(1.29	)%
Interest rate spread (4)		1.12	%		0.68	%
Net interest margin (5)		1.66	%		1.18	%
Efficiency ratio (6)		86.10	%		137.41	%
Average interest-earning assets to average interest-bearing liabilities		114.03	%		114.57	%
Net loans to deposits		110.81	%		106.42	%
Average equity to average assets (7)		14.59	%		14.36	%
Capital Ratios:
Tier 1 capital to average assets		15.00	%		13.23	%
Asset Quality Ratios:
Allowance for credit losses as a percent of total loans		0.37	%		0.40	%
Allowance for credit losses as a percent of non-performing loans		18.65	%		22.69	%
Net charge-offs to average outstanding loans during the period		—	%		—	%
Non-performing loans as a percent of total loans		1.97	%		1.75	%
Non-performing assets as a percent of total assets		1.49	%		1.30	%

(1)		Certain performance ratios for the three months ended March 31, 2025 and 2024 are annualized.
(2)		Represents net income (loss) divided by average total assets.
(3)		Represents net income (loss) divided by average stockholders’ equity.
(4)		Represents the difference between the weighted average yield on average interest-earning assets and the weighted average cost of average interest-bearing liabilities. Tax exempt income is reported on a tax equivalent basis using a combined federal and state marginal tax rate of 27.5% for 2025 and 2024.
(5)		Represents net interest income as a percent of average interest-earning assets. Tax exempt income is reported on a tax equivalent basis using a combined federal and state marginal tax rate of 27.5% for 2025 and 2024.
(6)		Represents non-interest expenses divided by the sum of net interest income and non-interest income.
(7)		Represents average stockholders’ equity divided by average total assets.

LOANS

Loans are summarized as follows at March 31, 2025 and December 31, 2024:

	March 31,			December 31,
	2025			2024
	(unaudited)
Real estate:
Residential First Mortgage	$	466,177,175		$	472,747,542
Commercial Real Estate		125,783,750			118,008,866
Multi-Family Real Estate		73,465,142			74,152,418
Construction		33,501,463			43,183,657
Commercial and Industrial		5,070,847			6,163,747
Consumer		76,998			80,955
Total loans		704,075,375			714,337,185
Allowance for credit losses		(2,590,950	)		(2,620,949	)
Net loans	$	701,484,425		$	711,716,236

The following tables set forth the distribution of total deposit accounts, by account type, at the dates indicated:

	At March 31,								At December 31,
	2025								2024
	Amount		Percent			Average Rate			Amount		Percent			Average Rate

	(unaudited)
Noninterest bearing demand accounts	$	32,983,669		5.21	%		—	%	$	32,681,963		5.09	%		—	%
NOW accounts		61,950,627		9.79	%		2.61			55,378,051		8.62	%		2.53
Money market accounts		12,835,160		2.03	%		0.50			13,996,460		2.18	%		0.58
Savings accounts		49,281,181		7.78	%		1.96			46,851,793		7.30	%		1.90
Certificates of deposit		475,984,563		75.19	%		4.17			493,279,775		76.81	%		4.37
Total	$	633,035,200		100.00	%		3.55	%	$	642,188,042		100.00	%		3.42	%

Average Balance Sheets and Related Yields and Rates

The following tables present information regarding average balances of assets and liabilities, the total dollar amounts of interest income and dividends from average interest-earning assets, the total dollar amounts of interest expense on average interest-bearing liabilities, and the resulting annualized average yields and costs. The yields and costs for the periods indicated are derived by dividing income or expense by the average balances of assets or liabilities, respectively, for the periods presented. Average balances have been calculated using daily balances. Nonaccrual loans are included in average balances only. Loan fees are included in interest income on loans and are not material.

	Three Months Ended March 31,
	2025								2024
	Average Balance			Interest and Dividends		Yield/ Cost (1)			Average Balance			Interest and Dividends		Yield/ Cost (1)
	(Dollars in thousands)
Assets:	(unaudited)
Cash and cash equivalents	$	16,601		$	265		6.37	%	$	9,865		$	150		6.10	%
Loans		705,095			8,603		4.88	%		713,430			8,207		4.61	%
Securities		145,280			1,833		5.05	%		166,666			1,529		3.67	%
Other interest-earning assets		8,305			222		10.72	%		8,101			175		8.63	%
Total interest-earning assets		875,281			10,923		4.99	%		898,062			10,061		4.49	%

Non-interest-earning assets		68,251								55,694
Total assets	$	943,532							$	953,756
Liabilities and equity:
NOW and money market accounts	$	79,400		$	458		2.34	%	$	69,450		$	334		1.94	%
Savings accounts		45,832			225		1.99	%		43,348			198		1.84	%
Certificates of deposit (1)		484,253			5,079		4.25	%		516,496			5,438		4.23	%
Total interest-bearing deposits		609,485			5,762		3.83	%		629,294			5,970		3.82	%

Federal Home Loan Bank advances (1)		158,116			1,568		4.02	%		153,269			1,440		3.78	%
Total interest-bearing liabilities		767,601			7,330		3.87	%		782,563			7,410		3.81	%
Non-interest-bearing deposits		32,763								30,018
Other non-interest-bearing liabilities		5,463								4,175
Total liabilities		805,827								816,756

Total equity		137,705								136,810
Total liabilities and equity	$	943,532							$	953,566
Net interest income				$	3,593							$	2,651
Interest rate spread (2)							1.12	%							0.68	%
Net interest margin (3)							1.66	%							1.18	%
Average interest-earning assets to average interest-bearing liabilities		114.03	%							114.76	%

1.		Cash flow and fair value hedges are used to manage interest rate risk. During the three months ended March 31, 2025 and 2024, the net effect on interest expense on the Federal Home Loan Bank advances and certificates of deposit was a reduced expense of $177,000 and $288,000, respectively.
2.		Interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average cost of interest-bearing liabilities.
3.		Net interest margin represents net interest income divided by average total interest-earning assets.

Rate/Volume Analysis

The following table sets forth the effects of changing rates and volumes on net interest income. The rate column shows the effects attributable to changes in rate (changes in rate multiplied by prior volume). The volume column shows the effects attributable to changes in volume (changes in volume multiplied by prior rate). The net column represents the sum of the prior columns. Changes attributable to changes in both rate and volume that cannot be segregated have been allocated proportionally based on the changes due to rate and the changes due to volume.

	Three Months Ended March 31, 2025
	Compared to
	Three Months Ended March 31, 2024
	Increase (Decrease) Due to
	Volume			Rate		Net
	(In thousands)
Interest income:	(unaudited)
Cash and cash equivalents	$	108		$	7	$	115
Loans receivable		(575	)		971		396
Securities		(1,093	)		1,397		304
Other interest earning assets		4			43		47
Total interest-earning assets		(1,555	)		2,417		862

Interest expense:
NOW and money market accounts		51			73		124
Savings accounts		11			16		27
Certificates of deposit		(526	)		167		(359	)
Federal Home Loan Bank advances		43			85		128
Total interest-bearing liabilities		(421	)		341		(80	)
Net decrease in net interest income	$	(1,134	)	$	2,076	$	942

Contacts
Kevin Pace – President & CEO, 201-862-0660 ext. 1110

The MIL Network –

May 1, 2025

MIL-OSI: Enact Announces 14% Increase to Quarterly Dividend and New $350 Million Share Repurchase Program

Source: GlobeNewswire (MIL-OSI)

RALEIGH, N.C., April 30, 2025 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) announced that its Board of Directors declared a quarterly dividend of $0.21 per common share, an increase of 14% from the prior quarter’s dividend. This dividend will be payable on June 11, 2025, to shareholders of record on May 19, 2025.

Additionally, Enact’s Board of Directors authorized a new share repurchase program under which the company may purchase up to $350 million of its common stock. The new share repurchase authorization is in addition to the company’s current $250 million share repurchase program, of which $6 million remains as of April 25, 2025.

“Our increased dividend and new share repurchase program reflect our continued commitment to creating value for our shareholders,” said Rohit Gupta, Enact’s President and Chief Executive Officer. “With today’s announcement, we have raised our quarterly dividend every year since its inception three years ago, underscoring the strength of our financial performance and confidence in our business. Going forward we will continue to take a thoughtful and disciplined approach to our capital allocation priorities.”

Enact’s new share repurchase program authorizes the purchase of up to $350 million of the company’s common stock utilizing a variety of methods, including open market purchases, and privately negotiated transactions, and may be made under Rule 10b5-1 and Rule 10b-18 trading plans, at such times and in such amounts as management deems appropriate. In support, Enact has entered into an agreement with Genworth Holdings, Inc. to repurchase its Enact shares as part of the program to maintain Genworth’s current ownership interest in Enact.

Enact expects the timing and amount of any share repurchases will be opportunistic and will depend on a variety of factors, including Enact’s share price, capital availability, business and market conditions, regulatory requirements, and debt covenant restrictions. The program does not obligate Enact to acquire any amount of common stock, it may be suspended or terminated at any time at the Company’s discretion without prior notice, and it does not have a specified expiration date.

About Enact Holdings, Inc.
Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

This press release was published by a CLEAR® Verified individual.

The MIL Network –

May 1, 2025

MIL-OSI: National Bank Holdings Corporation Announces 3.4% Increase to Quarterly Dividend

Source: GlobeNewswire (MIL-OSI)

DENVER, April 30, 2025 (GLOBE NEWSWIRE) — National Bank Holdings Corporation (NYSE: NBHC) announced today that its Board of Directors approved a cash dividend to shareholders. The quarterly cash dividend will increase 3.4% from twenty-nine cents ($0.29) to thirty cents ($0.30) per share of common stock. The dividend will be payable on June 13, 2025 to shareholders of record at the close of business on May 30, 2025.

“We are pleased to deliver another increase to our quarterly dividend. Over the last five years, the quarterly dividend per common share has increased by 50%, which demonstrates our commitment to drive meaningful shareholder returns as a result of our strong balance sheet, solid capital position, and diversified funding sources,” said Chairman and CEO, Tim Laney.

About National Bank Holdings Corporation

National Bank Holdings Corporation is a bank holding company created to build a leading community bank franchise delivering high quality client service and committed to stakeholder results. Through its bank subsidiaries, NBH Bank and Bank of Jackson Hole Trust, National Bank Holdings Corporation operates a network of over 85 banking centers, serving individual consumers, small, medium and large businesses, and government and non-profit entities. Its banking centers are located in its core footprint of Colorado, the greater Kansas City region, Utah, Wyoming, Texas, New Mexico and Idaho. Its comprehensive residential mortgage banking group primarily serves the bank’s core footprint. Its trust and wealth management business is operated in its core footprint under the Bank of Jackson Hole Trust charter. NBH Bank operates under a single state charter through the following brand names as divisions of NBH Bank: in Colorado, Community Banks of Colorado and Community Banks Mortgage; in Kansas and Missouri, Bank Midwest and Bank Midwest Mortgage; in Texas, Utah, New Mexico and Idaho, Hillcrest Bank and Hillcrest Bank Mortgage; and in Wyoming, Bank of Jackson Hole and Bank of Jackson Hole Mortgage. Additional information about National Bank Holdings Corporation can be found at www.nationalbankholdings.com.

For more information visit: cobnks.com, bankmw.com, hillcrestbank.com, bankofjacksonhole.com, or nbhbank.com, or connect with any of our brands on LinkedIn.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements contain words such as “anticipate,” “believe,” “can,” “would,” “should,” “could,” “may,” “predict,” “seek,” “potential,” “will,” “estimate,” “target,” “plan,” “project,” “continuing,” “ongoing,” “expect,” “intend” or similar expressions that relate to the Company’s strategy, plans or intentions. Forward-looking statements involve certain important risks, uncertainties and other factors, any of which could cause actual results to differ materially from those in such statements. Such factors include, without limitation, the “Risk Factors” referenced in our most recent Form 10-K filed with the Securities and Exchange Commission (SEC), and other risks and uncertainties listed from time to time in our reports and documents filed with the SEC. The Company can give no assurance that any goal or plan or expectation set forth in forward-looking statements can be achieved and readers are cautioned not to place undue reliance on such statements. The forward-looking statements are made as of the date of this press release, and the Company does not intend, and assumes no obligation, to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events or circumstances, except as required by applicable law.

Contact:

Analysts/Institutional Investors:
Emily Gooden, 720-554-6640
Chief Accounting Officer and Investor Relations Director
ir@nationalbankholdings.com

Nicole Van Denabeele, 720-529-3370,
Chief Financial Officer ir@nationalbankholdings.com

or

Media:
Jody Soper, 303-784-5925
Chief Marketing Officer
Jody.Soper@nbhbank.com

Source: National Bank Holdings Corporation

The MIL Network –

May 1, 2025

MIL-OSI: Candy AI Redefines Digital Intimacy with Next-Gen AI Companion and AI Girlfriend Apps

Source: GlobeNewswire (MIL-OSI)

San Francisco, CA, April 30, 2025 (GLOBE NEWSWIRE) — Candy AI, a cutting-edge artificial intelligence platform, is revolutionizing the way people connect by offering hyper-personalized AI companions and AI girlfriend apps designed to provide emotional support, engaging conversations, and lifelike companionship.

In an age where digital connection is more important than ever, Candy AI stands at the forefront of the virtual companionship movement. With its state-of-the-art conversational models and dynamic personality engine, users can create and interact with AI characters that adapt and evolve based on individual preferences and emotional needs.

Next-Level Customization and Realism

Candy AI empowers users to design their ideal AI partner—choosing everything from visual appearance and voice to personality traits and relationship dynamics. Whether seeking a flirty AI girlfriend, a thoughtful friend, or a fantasy role-play partner, users can engage in limitless, immersive interactions through text and voice messaging.

“With Candy AI, we’re pushing the boundaries of what a meaningful digital connection can feel like,” said [Insert Spokesperson Name], CEO of Candy AI. “Our technology creates truly responsive companions that feel emotionally present and authentic—because every person deserves a safe space to express themselves and feel heard.”

Not Just an App—A Digital Experience

Candy AI is available on both web and mobile platforms, offering an intuitive interface, sleek design, and robust AI capabilities. Unique features include:

Emotionally Intelligent Conversations
Voice Messaging with Natural Speech
NSFW Toggle for Adult-Themed Roleplay
Image Generation of Characters and Scenes
Adaptive Learning AI that Grows with You

The platform’s commitment to privacy ensures secure, end-to-end encrypted conversations, with no data sold to third parties.

For Everyone, Everywhere

From users seeking companionship to those exploring self-expression through fantasy and storytelling, Candy AI provides a nonjudgmental, fully customizable space. Available in a free version with optional premium features, Candy AI ensures inclusivity while offering premium content for deeper engagement.

Availability

Candy AI is currently available at Candy.AI and on major mobile platforms. For more information, character previews, or to start your own AI relationship journey, visit the official website today.

Company: Candy.AI

Address: Triq Is-Soll, Santa Venera SVR 1833, Malta

Email: support@candy.ai

Attachment

The MIL Network –

May 1, 2025

MIL-OSI: XRP News: XploraDEX $XPL Token Now Live on MagneticX Exchange—Buy Now Before the Next Wave Hits

Source: GlobeNewswire (MIL-OSI)

ZURICH, April 30, 2025 (GLOBE NEWSWIRE) — The wait is over. The $XPL token, native to XploraDEX—the first AI-powered decentralized exchange on XRPL—is now officially trading on MagneticXc. And just hours after going live, investor demand is already surging.

Purchase $XPL token on MagneticX

After an explosive presale that saw over 86% of the token allocation claimed and a record-setting token distribution phase, $XPL is now fully unleashed on the open market. This marks a new era for XRPL traders and DeFi participants looking to capitalize on the future of smart, AI-powered trading.

Why You Need to Act Now:

$XPL is trading live on MagneticXc, the fastest-growing DEX on XRPL.
Early holders have already begun staking and accessing the AI-powered dashboard.
First listings often see rapid price discovery—early entries typically yield the highest returns.
The next listings on more XRPL-based DEXs are rumored to follow soon.

Buy $XPL on MagneticX Exchange

The launch of $XPL on MagneticXc opens up real-time access to the heart of the XploraDEX ecosystem. And with the AI dashboard, staking pools, and governance activation going live in the coming days, the token’s utility is not just speculative—it’s functional and evolving.

What $XPL Offers:

Access to smart trading tools powered by AI
High-yield staking opportunities
Protocol governance participation
Priority launchpad access for XRPL project launches
Real-time analytics for smarter portfolio management

The XRP community has already started responding. Trading volume is ramping up, new wallet addresses are connecting, and social sentiment is turning bullish. On-chain indicators show a steady rise in demand as investors position ahead of platform milestones.

Purchase $XPL token on MagneticX

This Is the Moment

If you missed the presale—this is your chance to get in before price discovery takes $XPL further into uncharted territory. The listing on MagneticXc is only the beginning of $XPL’s journey across the XRPL DeFi landscape.

The window to be early has reopened—but only for a short while.

Buy $XPL on MagneticX Now

$XPL is live. Trading has begun. Be early—or be priced out.

Join AI Revolution with XploraDex – Website | $XPL Token | X | Telegram

Contact:
Oliver Muller
oliver@xploradex.io
contact@xploradex.io

Disclaimer: This press release is provided by the XploraDEX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/32827ea9-b455-4249-9cda-2839b3e09751

The MIL Network –

May 1, 2025

MIL-OSI: Delayed publication of the Annual Report for 2024

Source: GlobeNewswire (MIL-OSI)

Oslo, 30 April 2025

Interoil Exploration and Production ASA (the “Company”) informs that the publication of its Annual Report for 2024 will be delayed. The process of finalising the Annual Report and completing the audit is ongoing, but the Company will not be able to publish the Annual Report by the 30 April deadline. The Company expects that the Annual Report will be published no later than 20 May 2025.

Contact information: ir@interoil.no

About Interoil

Interoil Exploration and Production ASA is a Norwegian based exploration and production company – listed on the Oslo Stock Exchange with focus on Latin America. The Company is operator and license holder of several production and exploration assets in Colombia and Argentina with headquarter in Oslo.

The MIL Network –

May 1, 2025

MIL-OSI: System Solutions LLC Released AutoQuotes Integration for Microsoft Dynamics 365 Business Central

Source: GlobeNewswire (MIL-OSI)

GLASTONBURY, Conn., April 30, 2025 (GLOBE NEWSWIRE) — System Solutions LLC announced the release of a powerful new integration connecting Revalize AutoQuotes (AQ) with Microsoft Dynamics 365 Business Central cloud ERP software. This integration enables commercial kitchen and foodservice, equipment and service (FES) dealers, consultants, and manufacturers to streamline their Configure, Price, Quote (CPQ) process in AutoQuotes and then electronically move customers, orders and items into Business Central ERP software to manage fulfillment and all other business requirements.

With the new integration, users can build detailed AutoQuotes Projects and Quotes, then seamlessly convert them into Business Central Sales Orders where users can manage customers, payments, purchase orders, receiving, shipping, inventory, project management, installations, and accounting without switching systems or manually re-entering data.

“The integration of AutoQuotes with Microsoft Dynamics 365 Business Central unlocks a new level of efficiency for the foodservice and equipment industry businesses. The entire operation can be managed from quoting through fulfillment using connected software” says Dave Durrenberger, Director of Sales, System Solutions LLC.

The integration connects the AutoQuotes industry standard kitchen quoting software to the full power of Microsoft Dynamics 365 Business Central, accelerating the sales process, enhancing financial visibility, and minimizing fulfillment delays.

Microsoft Dynamics 365 Business Central is Microsoft’s cloud ERP software and manages: Customers, Vendors, Inventory, Sales, Purchasing, Warehouse, Shipping, Service, Projects, Manufacturing, Assembly, Accounting, and Financials. Business Central is designed so that small and medium sized businesses, single or multi-location, national or international, can run their entire business with one software.

Revalize AutoQuotes (AQ) software is a trusted product in the FES industry. AutoQuotes can configure, price, and quote from nearly one million products, supplies, and accessories from more than eight hundred manufacturers including: product descriptions, pricing, spec sheets, warranty information, CAD, and Revit content.

To learn more about Microsoft Dynamics 365 Business Central or the Revalize AutoQuotes (AQ) Integration, visit www.syssolutionsllc.com or contact us at +1 (860) 781-9986.

About System Solutions LLC
System Solutions LLC is a certified Microsoft Partner specializing in Microsoft Dynamics 365 Business Central solutions tailored to the retail, wholesale, and distribution markets. With industry experience in foodservice and commercial equipment sales, System Solutions delivers purpose-built tools and integrations to help businesses grow.

Contact Information:
System Solutions LLC
80 Eastern Boulevard, Suite 2
Glastonbury, CT 06033
Phone: (860) 781-9986

The MIL Network –

May 1, 2025

MIL-OSI: Gems Launchpad expands its Gems Protect offering, introducing the first Credit Refund option on original investments

Source: GlobeNewswire (MIL-OSI)

After launching Gems Protect last month to provide insurance-like service for investors, the expanded offering with the ‘Credit Refund’ feature enables members to have the option to recoup the full value of their original investments in launchpad private sales if they so choose.

LIMASSOL, Cyprus, April 30, 2025 (GLOBE NEWSWIRE) — Gems Launchpad, a community-driven launchpad built around the Gems ecosystem’s exclusive investor network, extends its Gems Protect program with the introduction of an exclusive ‘Credit Refund’ feature. This option provides the launchpad’s Premium members with the flexibility to exchange tokens purchased in its token private sales and receive a credit refund. The credit refund allows these members to redirect their funds to other launchpad projects, enhancing investor satisfaction while ensuring funds remain within the Gems ecosystem.

Gems Protect, the ecosystem’s financial safeguard program, unveils its second feature, Credit Refund, set to officially launch on April 30. This feature will allow members who invested in select Gems Launchpad Pro project private sales/presales to exchange those tokens for credit points worth the equivalent of the original presale purchase price. The feature is unveiled following the program’s successful initial risk-mitigation feature, Miner Safeguard, which allows investors to offset 75 percent of any potential financial Miner losses.

Initially, the Credit Refund option will be available only to Gems Premium Members who hold 30,000 or more $GEMS tokens. This initial access is a way to express our gratitude and appreciation to our most dedicated supporters and community members. A few days later, the Credit Refund option will become available to all Premium members.

Providing investors unprecedented risk-mitigation and financial protection, both Gems Protect features highlight and align with Gems’ commitment to empowering users across the digital asset landscape. Equipping investors with safeguards while supporting ecosystem stability, Gems, an all-in-one crypto ecosystem, continues to develop a future where users can trade, invest, learn and earn in a single comfortable, integrated financial hub.

The Credit Refund credits from returned tokens, which will only expire after a year, can be used to invest in other projects on Gems Launchpad Pro, including select upcoming private sales.

Members who use the Credit Refund option must log into the Gems Launchpad platform and connect the same wallet used for the original purchase. The platform will automatically detect the number of tokens purchased and the purchase value, with the maximum credit being calculated based on the amount of tokens purchased during the launchpad’s private sale. This means that if a member bought more tokens later, the credit will only apply to the token amount purchased in the private sale via the launchpad.

“Insurance in crypto is almost unheard of, and a full credit option covering one’s investments is unthinkable, yet that’s what Gems is doing,” says Isaac Joshua, CEO of Gems Launchpad. “Gems Protect offers users peace of mind by delivering the ultimate investment safeguard. With the extended version of this program, we’re giving back to the community by providing members the freedom to invest responsibly, confidently, and securely, and offering an additional layer of protection through a service unheard-of in crypto to date.”

About Gems:
Gems is a burgeoning financial hub and all-in-one crypto ecosystem designed to empower users across the digital asset landscape. From trading and project launches, to education and rewards, Gems unifies a suite of platforms—including Gems Launchpad, Gems Trade, and more—into a seamless experience for traders, investors, leaders, and innovators. At the heart of the ecosystem is the $GEMS token, which fuels utility, governance, and growth across all its offerings. With strategic expansions, Gems is building a future where users can trade, invest, learn and earn in one integrated financial hub. For more information, visit: https://gems.vip/

About Gems Launchpad:
Gems Launchpad is a distinguished crypto launchpad with the mission of unearthing genuine “gems” in the Web3 landscape through rigorous due diligence. The platform aims to bring together a robust ecosystem for blockchain projects by focusing on launching innovative ventures, expanding communities, penetrating new markets, and leveraging its international network of investors, known as Leaders, to partake in the early stages of groundbreaking projects. Gems’ launchpad model is driven by active community participation, creating a synergistic environment that benefits both visionaries and the adoption of pioneering ideas.
For more information, visit: https://gems.vip/launchpad

1. Didn’t love your last crypto investment? Return it for credit – just like exchanging a shirt you didn’t like.

2. Gems lets you return your token purchase and get credit – like store credit for your next investment.

3. New from Gems: Return tokens you bought, get credit back – like returning clothes you didn’t wear.

4. Invested in a project and changed your mind? Now you can get your money back as credit for something else on Gems.

5. Introducing Credit Refund: Your crypto investment, now with a return policy.

Disclaimer: This is a paid post and is provided by Gems Launchpad. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

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A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4c3e9fa5-9bff-4826-83bd-70fd1809ef21

The MIL Network –

May 1, 2025

MIL-OSI: PayOS Teams Up with Mastercard and Visa Intelligent Commerce, Emerges From Stealth to Power AI-Driven Payments

Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, April 30, 2025 (GLOBE NEWSWIRE) — PayOS, the first card-native payments infrastructure for AI agents, today emerged from stealth and announced collaborations with Mastercard and Visa. Through partnerships with Mastercard to leverage Mastercard Agentic Tokens, and with Visa Intelligent Commerce, an initiative that opens Visa’s payment network to developers building AI agents transforming commerce. PayOS will deliver AI developers direct, global access to the world’s leading payment networks.

PayOS lets developers add checkout, billing, and money movement to agentic workflows unlocking new use cases in AI commerce.

The card-native system lets users link a card once and enable it across agentic workflows—with human-in-the-loop controls, PCI security, support for every major card network, and full processor flexibility.

“Our vision is simple: empower autonomous agents to handle money as effortlessly—and safely—as humans do,” said Johnathan McGowan, Co-Founder and CEO of PayOS. “PayOS makes that vision a reality, powering secure and frictionless commerce for the agent-driven economy.”

“Agentic commerce won’t scale without fixing payments,” added Aparna Krishnan Girish, Co-Founder and CPO. “PayOS unlocks entirely new experiences by removing that friction.”

The founding team brings deep payments expertise—solving the last-mile challenge for the agent-driven economy.

Learn more in the PayOS launch blog: https://payos.ai/blog/payos-launch

Partner Perspectives:
Seema Chibber, Executive Vice President, Core Payments, Mastercard, North America: “Harnessing the potential of AI to enable seamless, secure, and intelligent transactions will define the future of commerce. With Mastercard Agent Pay, we are taking our proven tokenization technology to new heights and empowering people and businesses to transact with trust, security, and control. PayOS clearly shares this vision, and we’re excited to team up to expand the reach and impact of agentic commerce globally.”

Rodney Robinson, CEO, TabaPay Inc: “We’re proud to partner with PayOS to power agentic payments—pull, push, and billing for AI agents — enabling seamless transactions at scale.”

Howard Xiao, Head of Strategic Partnerships at VGS: “Tokenization is at the forefront of empowering agentic commerce and we’re proud to partner with PayOS, a pioneer for agentic card payment platforms.”

Early-Access Partners Already Exploring Agentic-Commerce Applications

PayOS has partnered with founding early-access partners INKPAY and Knowlee, who are currently exploring diverse agentic-commerce use cases alongside an expanding roster of AI-first startups.

Robert Towles, CEO at INK Holdings, INK Games, and INKPAY stated: “Agentic Payments will change the future of payments in the gaming industry, and we are excited to be an early adopter and leader in agentic commerce. We’re proud to partner with PayOS, a pioneer in agentic card payment platforms.”

Developers, fintechs, and AI platforms can apply for early access at https://payos.ai

About PayOS
PayOS is a next-generation card-native payments and billing platform powering agent-driven commerce. The platform enables agents to securely vault cards, streamline checkouts, send and receive payments, and manage billing—all through a unified, compliant system. Founded in 2025 and backed by industry veterans, PayOS is headquartered in San Francisco.

Visa is a registered trademark of Visa International Service Association.

Mastercard is a registered trademark of Mastercard International Incorporated.

The MIL Network –

May 1, 2025

MIL-OSI: Calian to Hold Conference Call Following Announcement of Second Quarter FY 2025 Results

Source: GlobeNewswire (MIL-OSI)

OTTAWA, Ontario, April 30, 2025 (GLOBE NEWSWIRE) — Calian® Group Ltd. (TSX:CGY), a diverse products and services company providing innovative healthcare, communications, learning and cybersecurity solutions, will hold a conference call at 8:30 a.m. Eastern Time on Wednesday, May 14, 2025, to discuss results for the three-month period ended March 31, 2025. The results will be released before markets open.

Interested participants from the financial and media community should join the live presentation by going to the Calian website and clicking on the Investors section to find the conference call link or directly via the following URL: https://edge.media-server.com/mmc/p/b8tamp8d/

A replay of the audio webcast will be available at the same location a few hours after the conclusion of the call.

About Calian

www.calian.com

We keep the world moving forward. Calian® helps people communicate, innovate, learn and lead safe and healthy lives. Every day, our employees live our values of customer commitment, integrity, innovation, respect and teamwork to engineer reliable solutions that solve complex challenges. That’s Confidence. Engineered. A stable and growing 40-year company, we are headquartered in Ottawa with offices and projects spanning North American, European and international markets. Visit calian.com to learn about innovative healthcare, communications, learning and cybersecurity solutions.

Product or service names mentioned herein may be the trademarks of their respective owners.

Media inquiries:
media@calian.com
613-599-8600

Investor Relations inquiries:
ir@calian.com

—————————————————————————–

DISCLAIMER

Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.

Calian · Head Office · 770 Palladium Drive · Ottawa · Ontario · Canada · K2V 1C8
Tel: 613.599.8600 · Fax: 613-592-3664 · General info email: info@calian.com

The MIL Network –

May 1, 2025

MIL-OSI: Bank of the James Announces First Quarter of 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

LYNCHBURG, Va., April 30, 2025 (GLOBE NEWSWIRE) — Bank of the James Financial Group, Inc. (the “Company”) (NASDAQ:BOTJ), the parent company of Bank of the James (the “Bank”), a full-service commercial and retail bank, and Pettyjohn, Wood & White, Inc. (“PWW”), an SEC-registered investment advisor, today announced unaudited results of operations for the three month period ended March 31, 2025. The Bank serves Region 2000 (the greater Lynchburg MSA) and the Blacksburg, Buchanan, Charlottesville, Harrisonburg, Lexington, Nellysford, Roanoke, and Wytheville, Virginia markets.

Net income for the three months ended March 31, 2025 was $842,000 or $0.19 per basic and diluted share compared with $2.19 million or $0.48 per basic and diluted share for the three months ended March 31, 2024.

Robert R. Chapman III, CEO of the Bank, commented: “Our focus during the past several years on managing interest expense in a significantly higher rate environment was reflected in the first quarter’s lower year-over-year interest expense. Appropriate adjustments to loan rates and optimizing the performance of the Bank’s investments continued to generate steady interest income growth. As a result, net interest margin and interest spread continued to trend positively. Strong, quality earnings over the years have supported our ability to build and maintain a strong cash position and exceptional liquidity.

“The Company’s core operations for first quarter of 2025 produced solid earnings. However, our earnings were negatively impacted by a non-recurring expense paid to a consultant that we used to successfully negotiate a contract with our core service provider. We anticipate that this contract will result in significant long-term cost savings.

“We anticipate that the holding company’s cash position will allow it to pay off approximately $10 million of capital notes as they mature in June, without the need to raise new capital. Eliminating this debt-related interest expense will reduce our interest expense by approximately $327,000 annually and will help reduce our overall interest-bearing liabilities rate. The Company and Bank will continue to maintain sound capital positions.

“Operationally, the first quarter of 2025 was highlighted by steady growth of commercial real estate loans, with stable income contributions from a balanced portfolio of commercial, residential mortgage, construction, and consumer loans. Fee income contributions from commercial treasury services, credit and debit card processing, and PWW’s wealth management activities have continued to generate complementary noninterest income.

“We continue to emphasize relationship banking with commercial and retail clients, providing the broad range of capabilities and expertise that position Bank of the James as the go-to source for financial services. We offer stability and security in a period of significant economic uncertainty.

“The Company is building value for shareholders, as evidenced by growth in stockholders’ equity, retained earnings, and a higher book value per share in the first quarter. We remain focused on efficient operations, maintaining superior asset quality, and sustainable growth.”

President Mike Syrek commented on expansion and growth opportunities, noting, “We are very excited to announce the addition of two accomplished commercial relationship managers, Brandon Caldwell and Kevin Flint. Both bring considerable experience in the commercial lending space and will further strengthen and grow our regional markets. Caldwell comes to Bank of the James from the USDA, having served there after an extended stint as the senior lending officer at Highlands Community Bank. Caldwell has experience at both small and large-sized institutions, and along with his experience with the USDA, we believe his experience will help us expand our reach in multiple markets. Flint comes to Bank of the James with a dual background in credit and investments. Flint spent most of his career with Truist and its predecessors, managing high-profile commercial clients within the markets we serve. Kevin also is a Certified Financial Planner and has spent the last few years working as a CFP. Flint’s dual roles will help further the growth in our Harrisonburg market as well as beyond.

“These additions help strengthen an already high-performing commercial team and illustrate our focus on growth and obtaining additional market share in the regions that we serve. We are delighted to have both men as part of the Bank of the James family.”

First Quarter of 2025 Highlights

Net income and earnings per share (EPS) in the first quarter of 2025 were impacted by higher noninterest expense, primarily reflecting a one-time approximately $1 million expense related to the negotiation of a contract with our banking core provider. Over the 65-month term of this contract, the Company anticipates realizing up to $5 million in savings as compared to our previous contract.
Total interest income rose 6.90% to $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The growth primarily reflected higher yields on loans, commercial real estate (CRE) growth, and the addition of higher-rate residential mortgages. The average yield earned on loans, including fees, increased to 5.56% compared with 5.28% a year earlier.
Net interest income after provision for credit losses increased to $7.58 million in the first quarter of 2025 compared with net interest income after recovery of credit losses of $7.50 million a year earlier for the full year of 2024. Interest expense in the first quarter declined from the previous year’s first quarter due to a decrease in the average rate paid on interest bearing liabilities.
Net interest margin in the first quarter of 2025 improved to 3.25%, reflecting a steady upward quarterly trend from 3.02% in the first quarter of 2024. Interest spread in the first quarter rose to 2.95% from 2.73% in the prior year’s first quarter.
Total noninterest income of $3.28 million in the first quarter of 2025 was stable compared with a year earlier, primarily reflecting continuing strong contributions from commercial treasury services, residential mortgage origination fee income, and wealth management fee income from PWW, which generated $0.09 earnings per share in the first quarter.
Loans, net of the allowance for credit losses, increased to $642.39 million at March 31, 2025 from $636.55 million at December 31, 2024 and $601.12 million a year earlier.
Commercial real estate loans (owner occupied and non-owner occupied) led lending activity, increasing to $359.76 million from $335.53 million at December 31, 2024 and from $305.52 million a year earlier.
Measures of asset quality remained strong, highlighted by a ratio of nonperforming loans to total loans of 0.28% at March 31, 2025, low levels of nonperforming loans, and zero other real estate owned (OREO).
Total assets grew 3% to $1.01 billion at March 31, 2025 from $979.24 million at December 31, 2024. Total assets increased by $26.84 million from March 31, 2024.
Total deposits were $911.68 million at March 31, 2025, up from $882.40 million at December 31, 2024, reflecting growth in core deposits (noninterest bearing demand deposits, NOW, money market and savings).
Shareholder value measures included growth in stockholders’ equity to $68.35 million at March 31, 2025 from $64.87 million at December 31, 2024, higher retained earnings, and a book value per share of $15.04, up from $14.28 at December 31, 2024.
On April 15, 2025, the Company’s board of directors approved a quarterly dividend of $0.10 per common share to stockholders of record as of June 6, 2025, to be paid on June 20, 2025.

First Quarter of 2025 Operational Review

The Company retained a consultant to assist it in negotiating an amendment to and extension of the contract with its provider of its core banking platform— the platform we use for processing transactions, maintaining customer accounts, and supporting other critical banking functions. As previously noted, first quarter 2025 net income and earnings per share reflected the expense associated with this engagement. The Company anticipates that the new contract with our core provider, which was effective April 1, 2025, will generate significant savings over the 65-month term of the contract.

Net interest income after provision for credit losses for the first quarter of 2025 was $7.58 million compared to net interest income after recovery of credit losses of $7.50 million a year earlier. The provision for credit losses in the first quarter of 2025 was $137,000.

Total interest income was $11.23 million in the first quarter of 2025 compared with $10.51 million a year earlier. The year-over-year increases primarily reflected upward rate adjustments to variable rate commercial loans and new loans reflecting the prevailing rate environment.

Investment portfolio management and appropriate rate increases on loans continued to contribute to year-over-year growth in yields on total earning assets, which were 4.73% in the first quarter of 2025 compared with 4.60% a year earlier.

Total interest expense in the first quarter of 2025 was $3.52 million compared with $3.56 million a year earlier, primarily reflecting a stabilizing interest rate environment and the Bank’s management of rates paid on interest-bearing deposits, including time deposits.

A stabilizing interest rate environment and the Company’s upward adjustments to floating rate commercial loans and rates on originated and retained residential mortgages contributed to gradual margin pressure relief during the past several quarters. In the first quarter of 2025, the net interest margin was 3.25% compared with 3.02% a year earlier, while interest spread was 2.95% for the quarter compared with 2.73% a year earlier.

Noninterest income in the first quarter of 2025 was $3.28 million compared with $3.31 million in the first quarter of 2024. The predominant amount of noninterest income in the first quarter of 2025 was generated by fees from debit card activity, commercial treasury services, gains on sale of loans held for sale, and wealth management fees generated by PWW. This slight decrease was due to a decrease in revenue from our mortgage division.

Noninterest expense in the first quarter of 2025 was $9.83 million compared with $8.09 million a year earlier. The year-over-year increase primarily reflected the previously mentioned contract negotiation fee and higher salaries and employee benefits.

Balance Sheet: Strong Cash Position, High Asset Quality

Total assets were $1.01 billion at March 31, 2025 compared with $979.24 million at December 31, 2024. The increase was due primarily to increases in cash and cash equivalents, securities available for sale, and loans.

Loans, net of allowance for credit losses, were $642.39 million at March 31, 2025 compared with $636.55 at December 31, 2024, reflecting growth of commercial real estate loans.

Commercial real estate loans (owner-occupied and non-owner occupied, excluding construction loans) totaled $359.76 million at March 31, 2025 compared with $335.53 million at December 31, 2024, reflecting new loans and moderate loan payoffs. Of this amount in the first quarter of 2025, commercial real estate (non-owner occupied) was $205.13 million and commercial real estate (owner occupied) was $154.63 million. The Bank closely monitors concentrations in these segments and has no commercial real estate loans secured by large office buildings in large metropolitan city centers.

Commercial construction/land loans were $11.54 million, declining from prior levels as projects concluded. Residential construction/land loans at March 31, 2025 were $26.36 million compared with $26.15 million at December 31, 2024. Commercial and industrial loans were $59.98 million at March 31, 2025 compared to $66.42 million at December 31, 2024.

Residential mortgage loans that the Company intends to keep on the balance sheet totaled $111.65 million at March 31, 2025, essentially unchanged from December 31, 2024, and from a year earlier. Growth of these retained mortgages has been minimal, as the Bank has continued to focus on selling the majority of originated mortgage loans to the secondary market. Consumer loans (open-end and closed-end) totaled $80.12 million, compared with $78.31 million at December 31, 2024.

Ongoing high asset quality continues to have a positive impact on the Company’s financial performance. The ratio of nonperforming loans to total loans at March 31, 2025 was 0.28% compared with 0.25% at December 31, 2024. The allowance for credit losses on loans to total loans was 1.08% at March 31, 2025 compared with 1.09% at December 31, 2024. Total nonperforming loans were $1.80 million at March 31, 2025 compared with $1.64 million at December 31, 2024. As a result of having no OREO, total nonperforming assets were the same as total nonperforming loans.

Total deposits were $911.68 million at March 31, 2025 compared with $882.40 million at December 31, 2024. Core deposits (noninterest bearing demand deposits, NOW, money market and savings) were $698.92 million compared with $651.90 million at December 31, 2024. Time deposits declined during the period. At March 31, 2025, the Bank had no brokered deposits.

Key measures of shareholder value were positive. Stockholders’ equity was $68.35 million at March 31, 2025, up from $64.87 million at December 31, 2024. Retained earnings increased to $43.19 million at March 31, 2025 from $42.80 million at December 31, 2024. Book value per share rose to $15.04 at March 31, 2025 from $14.28 at December 31, 2024, and continued to reflect quarterly fluctuations in required fair market valuations of the Company’s available-for-sale investment portfolio.

Interest rate fluctuations result in adjustments to the fair value in the Company’s available-for-sale securities portfolio (known as “mark-to-market”), which are reflected in accumulated other comprehensive loss. These mark-to-market losses are excluded when calculating the Bank’s regulatory capital ratios. The available-for-sale securities portfolio is composed primarily of securities with explicit or implicit government guarantees, including U.S. Treasuries and U.S. agency obligations, and other highly rated debt instruments. The Company does not expect to realize the unrealized losses, as it has the intent and ability to hold the securities until their recovery, which may be at maturity. Management continues to diligently monitor the creditworthiness of the issuers of the debt instruments within its securities portfolio.

About the Company

Bank of the James, a wholly-owned subsidiary of Bank of the James Financial Group, Inc. opened for business in July 1999 and is headquartered in Lynchburg, Virginia. The Bank currently services customers in Virginia from offices located in Altavista, Amherst, Appomattox, Bedford, Blacksburg, Buchanan, Charlottesville, Forest, Harrisonburg, Lexington, Lynchburg, Madison Heights, Nellysford, Roanoke, Rustburg, and Wytheville. The Bank offers full investment and insurance services through its BOTJ Investment Services division and BOTJ Insurance, Inc. subsidiary. The Bank provides mortgage loan origination through Bank of the James Mortgage, a division of Bank of the James. The Company provides investment advisory services through its wholly-owned subsidiary, Pettyjohn, Wood & White, Inc., an SEC-registered investment advisor. Bank of the James Financial Group, Inc. common stock is listed under the symbol “BOTJ” on the NASDAQ Stock Market, LLC. Additional information on the Company is available at www.bankofthejames.bank.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “estimate,” “expect,” “intend,” “anticipate,” “plan” and similar expressions and variations thereof identify certain of such forward-looking statements which speak only as of the dates on which they were made. Bank of the James Financial Group, Inc. (the “Company”) undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Such factors include, but are not limited to, competition, general economic conditions, potential changes in interest rates, changes in the value of real estate securing loans made by the Bank, as well as geopolitical conditions. Additional information concerning factors that could cause actual results to materially differ from those in the forward-looking statements is contained in the Company’s filings with the Securities and Exchange Commission.

CONTACT: J. Todd Scruggs, Executive Vice President and Chief Financial Officer (434) 846-2000.

FINANCIAL RESULTS FOLLOW

Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Balance Sheets
(dollar amounts in thousands, except per share amounts)

	(unaudited)
Assets	3/31/2025		12/31/2024

Cash and due from banks	$	25,760	$	23,287
Federal funds sold		69,206		50,022
Total cash and cash equivalents		94,966		73,309

Securities held-to-maturity (fair value of $3,237 in 2025 and $3,170 in 2024)		3,602		3,606
Securities available-for-sale, at fair value		192,780		187,916
Restricted stock, at cost		1,821		1,821
Loans, net of allowance for credit losses of $7,022 in 2025 and $7,044 in 2024		642,388		636,552
Loans held for sale		4,739		3,616
Premises and equipment, net		19,257		18,959
Interest receivable		2,970		3,065
Cash value – bank owned life insurance		23,094		22,907
Customer relationship Intangible		6,585		6,725
Goodwill		2,054		2,054
Deferred tax asset		8,113		8,936
Other assets		9,357		9,778
Total assets	$	1,011,726	$	979,244


Liabilities and Stockholders’ Equity

Deposits
Noninterest bearing demand	$	138,619	$	129,692
NOW, money market and savings		560,300		522,208
Time deposits		212,764		230,504
Total deposits		911,683		882,404

Capital notes, net		10,049		10,048
Other borrowings		9,146		9,300
Deferred tax liability		294		–
Income taxes payable		–		86
Interest payable		688		722
Other liabilities		11,518		11,819
Total liabilities	$	943,378	$	914,379

Stockholders’ equity
Common stock $2.14 par value; authorized 10,000,000 shares; issued and outstanding 4,543,338 as of March 31, 2025 and December 31, 2024		9,723			9,723
Additional paid-in-capital		35,253			35,253
Accumulated other comprehensive (loss)		(19,819	)		(22,915	)
Retained earnings		43,191			42,804
Total stockholders’ equity	$	68,348		$	64,865

Total liabilities and stockholders’ equity	$	1,011,726		$	979,244

Bank of the James Financial Group, Inc. and Subsidiaries
Consolidated Statements of Operations
(dollar amounts in thousands, except per share amounts) (unaudited)

	For the Three Months Ended
	March 31,
Interest Income	2025		2024
Loans	$	8,906	$	8,024
Securities
US Government and agency obligations		454		338
Mortgage backed securities		387		809
Municipals – taxable		311		286
Municipals – tax exempt		18		18
Dividends		13		12
Corporates		135		135
Interest bearing deposits		123		133
Federal Funds sold		887		754
Total interest income		11,234		10,509

Interest Expense
Deposits
NOW, money market savings		1,248		1,275
Time deposits		2,079		2,090
Finance leases		17		20
Other borrowings		89		92
Capital notes		82		82
Total interest expense		3,515		3,559

Net interest income		7,719		6,950

Provision for (recovery of) credit losses		137		(553	)

Net interest income after provision for (recovery of) credit losses		7,582		7,503

Noninterest income
Gain on sales of loans held for sale		837		927
Service charges, fees and commissions		981		953
Wealth management fees		1,255		1,163
Life insurance income		188		159
Other		22		105

Total noninterest income		3,283		3,307

Noninterest expenses
Salaries and employee benefits		4,777		4,445
Occupancy		570		493
Equipment		670		607
Supplies		142		145
Professional and other outside expense		1,715		801
Data processing		820		751
Marketing		198		30
Credit expense		186		188
FDIC insurance expense		142		109
Amortization of intangibles		140		140
Other		466		379
Total noninterest expenses		9,826		8,088

Income before income taxes		1,039		2,722

Income tax expense		197		535

Net Income	$	842	$	2,187

Weighted average shares outstanding – basic and diluted		4,543,338		4,543,338

Earnings per common share – basic and diluted	$	0.19	$	0.48

Bank of the James Financial Group, Inc. and Subsidiaries
Dollar amounts in thousands, except per share data
Unaudited

Selected Data:	Three months ending Mar 31, 2025		Three months ending Mar 31, 2024			Change
Interest income	$	11,234	$	10,509			6.90	%
Interest expense		3,515		3,559			-1.24	%
Net interest income		7,719		6,950			11.06	%
Provision for (recovery of) credit losses		137		(553	)		-124.77	%
Noninterest income		3,283		3,307			-0.73	%
Noninterest expense		9,826		8,088			21.49	%
Income taxes		197		535			-63.18	%
Net income		842		2,187			-61.50	%
Weighted average shares outstanding – basic		4,543,338		4,543,338			–
Weighted average shares outstanding – diluted		4,543,338		4,543,338			–
Basic net income per share	$	0.19	$	0.48		$	(0.29	)
Fully diluted net income per share	$	0.19	$	0.48		$	(0.29	)

Balance Sheet at period end:	Mar 31, 2025		Dec 31, 2024			Change			Mar 31, 2024		Dec 31, 2023		Change
Loans, net	$	642,388	$	636,552			0.92	%	$	601,115	$	601,921		-0.13	%
Loans held for sale		4,739		3,616			31.06	%		4,640		1,258		268.84	%
Total securities		196,382		191,522			2.54	%		218,440		220,132		-0.77	%
Total deposits		911,683		882,404			3.32	%		893,494		878,459		1.71	%
Stockholders’ equity		68,348		64,865			5.37	%		60,437		60,039		0.66	%
Total assets		1,011,726		979,244			3.32	%		984,891		969,371		1.60	%
Shares outstanding		4,543,338		4,543,338			–			4,543,338		4,543,338		–
Book value per share	$	15.04	$	14.28		$	0.76		$	13.30	$	13.21	$	0.09

Daily averages:	Three months ending Mar 31, 2025			Three months ending Mar 31, 2024			Change
Loans	$	646,788		$	608,172		6.35	%
Loans held for sale		2,391			2,481		-3.63	%
Total securities (book value)		219,550			248,748		-11.74	%
Total deposits		922,207			884,555		4.26	%
Stockholders’ equity		64,778			59,891		8.16	%
Interest earning assets		963,688			926,354		4.03	%
Interest bearing liabilities		800,249			765,728		4.51	%
Total assets		1,021,766			978,867		4.38	%

Financial Ratios:	Three months ending Mar 31, 2025			Three months ending Mar 31, 2024			Change
Return on average assets		0.33	%		0.90	%	(0.57	)
Return on average equity		5.27	%		14.69	%	(9.42	)
Net interest margin		3.25	%		3.02	%	0.23
Efficiency ratio		89.31	%		78.85	%	10.46
Average equity to average assets		6.34	%		6.12	%	0.22

Allowance for credit losses:	Three months ending Mar 31, 2025			Three months ending Mar 31, 2024			Change
Beginning balance	$	7,044		$	7,412		-4.96	%
Retained earnings adjustment related to impact of adoption of ASU 2016-13		–			–		N/A
Provision for (recovery of) credit losses*		29			(501	)	-105.79	%
Charge-offs		(63	)		(65	)	-3.08	%
Recoveries		12			74		-83.78	%
Ending balance		7,022			6,920		1.47	%

* does not include provision for or recovery of unfunded loan commitment liability


Nonperforming assets:	Mar 31, 2025			Dec 31, 2024			Change		Mar 31, 2024			Dec 31, 2023			Change
Total nonperforming loans	$	1,799		$	1,640		9.70	%	$	558		$	391		42.71	%
Other real estate owned		–			–		N/A			–			–		N/A
Total nonperforming assets		1,799			1,640		9.70	%		558			391		42.71	%

Asset quality ratios:	Mar 31, 2025			Dec 31, 2024			Change		Mar 31, 2024			Dec 31, 2023			Change
Nonperforming loans to total loans		0.28	%		0.25	%	0.02			0.09	%		0.06	%	0.03
Allowance for credit losses for loans to total loans		1.08	%		1.09	%	(0.01	)		1.14	%		1.22	%	(0.08	)
Allowance for credit losses for loans to nonperforming loans		390.33	%		429.51	%	(39.18	)		1240.14	%		1895.65	%	(655.51	)

The MIL Network –

May 1, 2025

MIL-OSI: From Sydney to the World – Valueex (VUEE) Exchange Announces Entry into the U.S. Market

Source: GlobeNewswire (MIL-OSI)

Fresno, CA, April 30, 2025 (GLOBE NEWSWIRE) — Recently, the renowned exchange Valueex (VUEE) announced its official entry into the U.S. market, garnering significant attention. Amid the accelerating transformation of global financial markets, technology is reshaping the investment landscape at an unprecedented pace. From artificial intelligence to blockchain, innovative technologies are unlocking limitless possibilities for investors, while security and trust have become key bridges to the future. It is against this backdrop that the Valueex Exchange (VUEE) has emerged. Since its establishment in 2023, VUEE has rapidly risen as a trusted fintech pioneer among global investors, leading the industry into a new era of intelligence and globalization with its secure, efficient, and innovative trading platform.

Technology-Driven Financial Transformation

Valueex Exchange was founded by a group of top experts deeply engaged in the fintech sector, with the mission of “driving financial innovation through technology” and a commitment to reshaping the operational model of traditional exchanges. Headquartered in Sydney, Australia, VUEE offers users a seamless trading experience through high-speed transaction matching, robust security measures, and intelligent risk management systems. The platform supports diverse asset trading, including cryptocurrencies and stablecoins, and will soon launch U.S. stock trading services to cater to both novice and experienced investors.

By integrating artificial intelligence, big data analytics, and blockchain technology, VUEE has achieved exceptional performance in efficiency, transparency, and user satisfaction. Its AI-driven one-click investment tool intelligently optimizes portfolios based on user preferences, while the USDT and USDC stablecoin trading models eliminate foreign exchange risks in cross-border transactions, making global investment more accessible and cost-effective.

Rigorous Compliance and Security at Its Core

Security and trust are the foundational pillars of VUEE. The platform strictly adheres to international regulatory standards, holding authoritative qualifications as a Registered Investment Advisor (RIA) and a Money Services Business (MSB) in the U.S., and is regulated by the U.S. Securities and Exchange Commission (SEC), ensuring full compliance with anti-money laundering (AML) and Know Your Customer (KYC) requirements. These qualifications provide legal assurance for investors, protecting their assets from market risks and cyber threats.

Strategic partnerships with multiple global regulatory bodies and financial institutions further bolster VUEE’s credibility. Its advanced cybersecurity protocols and comprehensive compliance measures create a transparent and trustworthy trading environment, allowing investors to participate in the global market with peace of mind.

Outstanding Achievements and Global Reach

Since its establishment, Valueex Exchange has achieved remarkable success. In just two years, the platform has surpassed 500,000 registered users across multiple countries and regions, with an average daily trading volume exceeding $1 billion. In 2025, VUEE officially entered the U.S. market and, leveraging its excellent reputation in Australia, quickly attracted over 30,000 U.S. users, demonstrating strong brand influence and market competitiveness.

Looking ahead, VUEE plans to further expand into Europe, Asia, and South America, enriching its asset classes and launching more innovative features. Its upcoming U.S. stock trading service has received stringent certification from the SEC and MSB, providing global users with convenient access to the U.S. market and helping investors seize more wealth growth opportunities.

Core Advantages of Valueex Exchange

Valueex Exchange is regarded as a leading global one-stop trading platform, characterized by the following key features:

• Advanced Technology Architecture: The platform utilizes AI-driven tools, blockchain technology, and high-frequency trading systems to support efficient and precise transaction processing.
• Global Trading Support: By facilitating trading with stablecoins (such as USDT and USDC) and multi-currency compatibility, the platform streamlines cross-border transaction processes, enhancing the experience for global users.
• Wide Applicability: The platform offers an intuitive interface and personalized investment strategies to meet the diverse needs of both novice and professional investors.
• Strict Compliance Standards: Holding U.S. RIA and MSB qualifications and being regulated by the SEC ensures the safety and legality of the trading environment.

Strong Market Performance: The rapidly growing global user base (over 500,000) and high average daily trading volume (over $1 billion) reflect widespread market recognition of the platform.

Co-Creating the Future of Finance

Valueex Exchange is not just a trading platform; it is a leader in the future of finance. Through continuous investments in technological innovation and global compliance, VUEE is dedicated to building an open, intelligent, and inclusive financial ecosystem. Whether diversifying your portfolio, participating in U.S. stock trading, or utilizing AI-driven investment tools, VUEE empowers you to confidently seize global opportunities.

A VUEE spokesperson stated, “We are committed to providing investors with a safe, efficient, and forward-looking trading experience. The rapid growth of the U.S. market is an important milestone in our global expansion, and we look forward to delivering exceptional financial services to more users.”

Join Valueex Exchange today to embark on your global investment journey! Visit valueexchanges.com for more details and take a step toward wealth growth with a trusted platform.

https://web.valueexchanges.com

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

The MIL Network –

May 1, 2025

MIL-OSI: Planisware – Availability of the 2024 Universal Registration Document

Source: GlobeNewswire (MIL-OSI)

Availability of the 2024
Universal Registration Document

Paris, France, April 30, 2025 – Planisware, a leading B2B provider of SaaS in the rapidly growing Project Economy market, announces the approval of its 2024 Universal Registration Document by the Autorité des marchés financiers (AMF) on April 30, 2025 under the approval number n° R.25-002.

The Universal Registration Document notably includes:

The annual financial report for the year ended December 31, 2024;
The management report ;
The corporate governance report;
The sustainability report
The description of the share buyback program;
The Statutory Auditors’ reports;
The information on fees paid to the Statutory Auditors.

This Universal Registration Document can be consulted or downloaded from the Planisware website, planisware.com, in the investors section.

Contact

About Planisware

Planisware is a leading business-to-business (“B2B”) provider of Software-as-a-Service (“SaaS”) in the rapidly growing Project Economy. Planisware’s mission is to provide solutions that help organizations transform how they strategize, plan and deliver their projects, project portfolios, programs and products.

With circa 750 employees across 16 offices, Planisware operates at significant scale serving around 600 organizational clients in a wide range of verticals and functions across more than 30 countries worldwide. Planisware’s clients include large international companies, medium-sized businesses and public sector entities.

Planisware is listed on the regulated market of Euronext Paris (Compartment A, ISIN code FR001400PFU4, ticker symbol “PLNW”).

For more information, visit: https://planisware.com/ and connect with Planisware on LinkedIn.

Attachment

Planisware – Availability of the 2024 URD

The MIL Network –

May 1, 2025

MIL-OSI: Societe Generale: Availability of the first amendment to 2025 Universal Registration Document

Source: GlobeNewswire (MIL-OSI)

AVAILABILITY OF THE FIRST AMENDMENT TO 2025 UNIVERSAL REGISTRATION DOCUMENT

Regulated Information

Paris, 30 April 2025

Societe Generale hereby informs the public that the first amendment to the 2025 Universal Registration Document filed on 12^th March 2025 under number D.25-0088, has been filed with the French Financial Markets Authority (AMF) on 30^th April 2025 under number D-25-0088-A01.
This document is made available to the public, free of charge, in accordance with the conditions provided for by the regulations in force and may be consulted in the “Regulated information” section of
the Company’s website (https://investors.societegenerale.com/en/financial-and-non-financial-information/regulated-information) and on the AMF’s website.

Press contacts:
Jean-Baptiste Froville_+33 1 58 98 68 00_ jean-baptiste.froville@socgen.com
Fanny Rouby_+33 1 57 29 11 12_ fanny.rouby@socgen.com

Societe Generale

Societe Generale is a top tier European Bank with around 119,000 employees serving more than 26 million clients in 62 countries across the world. We have been supporting the development of our economies for 160 years, providing our corporate, institutional, and individual clients with a wide array of value-added advisory and financial solutions. Our long-lasting and trusted relationships with the clients, our cutting-edge expertise, our unique innovation, our ESG capabilities and leading franchises are part of our DNA and serve our most essential objective – to deliver sustainable value creation for all our stakeholders.

The Group runs three complementary sets of businesses, embedding ESG offerings for all its clients:

French Retail, Private Banking and Insurance, with leading retail bank SG and insurance franchise, premium private banking services, and the leading digital bank BoursoBank.
Global Banking and Investor Solutions, a top tier wholesale bank offering tailored-made solutions with distinctive global leadership in equity derivatives, structured finance and ESG.
Mobility, International Retail Banking and Financial Services, comprising well-established universal banks (in Czech Republic, Romania and several African countries), Ayvens (the new ALD I LeasePlan brand), a global player in sustainable mobility, as well as specialized financing activities.

Committed to building together with its clients a better and sustainable future, Societe Generale aims to be a leading partner in the environmental transition and sustainability overall. The Group is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).

In case of doubt regarding the authenticity of this press release, please go to the end of the Group News page on societegenerale.com website where official Press Releases sent by Societe Generale can be certified using blockchain technology. A link will allow you to check the document’s legitimacy directly on the web page.

For more information, you can follow us on Twitter/X @societegenerale or visit our website societegenerale.com.

Attachment

Societe-Generale-Availability-1st-amendment-2025-universal-registration-document

The MIL Network –

May 1, 2025

MIL-OSI: Digital Asset Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option

Source: GlobeNewswire (MIL-OSI)

PRINCETON, NEW JERSEY, April 30, 2025 (GLOBE NEWSWIRE) — Digital Asset Acquisition Corp. (Nasdaq: DAAQ) (the “Company”) today announced the closing of its initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “DAAQU” on April 29, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “DAAQ” and “DAAQW,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 5,450,000 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $5,450,000. DAAQ Sponsor LLC, the Company’s sponsor, purchased 3,725,000 of the private placement warrants, Cohen & Company Capital Markets purchased 1,466,250 of the private placement warrants and Clear Street purchased 258,750 private placement warrants. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Digital Asset Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it intends to target opportunities and companies that are in the digital asset and cryptocurrency sectors.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as the lead book-running manager of the offering. Clear Street LLC acted as the joint book-runner of the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Peter Ort
Principal Executive Officer and Co-Chairman
Digital Asset Acquisition Corp.
pete@curaleaassociates.com

The MIL Network –

May 1, 2025

MIL-OSI: TSplus International Meeting 2025 Took Place in Bali

Source: GlobeNewswire (MIL-OSI)

LYON, France, April 30, 2025 (GLOBE NEWSWIRE) — From April 14–18, TSplus hosted its annual International Meeting in Bali, Indonesia—bringing together more than 100 collaborators and their families from around the world. This major event combined celebration and strategy, reinforcing TSplus’ commitment to rewarding its teams while shaping the path forward as a leading global provider of remote access and cybersecurity solutions.

Set in a stunning tropical location, this annual gathering serves to strengthen the group’s collective identity as a forward-looking, people-centered tech company.

The international meeting offered a balance of professional exchanges, cultural discovery, and team-building activities—reflecting the company’s core values of innovation, accessibility, and international collaboration.

Founder Dominique Benoit opened the event with a strong message: “Let’s be proud of what we are and what we’ve achieved together.” He emphasized the strength of TSplus’ product portfolio, trusted by hundreds of thousands of users worldwide, and the long-term relevance of its focus on applications and cloud delivery solutions in an ever-growing market.

A Milestone of Unity, Vision and Growth

Strategic presentations throughout the week highlighted ongoing progress and upcoming priorities. Key themes included expanding presence in high-potential markets such as Japan and Canada, growing customer and partner ecosystems, and improving global brand consistency.

TSplus also continues to evolve its product and licensing offerings to meet modern IT demands. While permanent licenses remain available, a new subscription-based licensing option will soon be introduced across the entire product line—adding flexibility for customers and partners alike. More details will be shared in an upcoming release around the official launch date in May.

In line with its mission to make remote support more accessible, TSplus also announced the upcoming release of a simplified, affordable solution designed specifically for individuals—aiming to reach a broader user base with a lightweight, user-friendly approach.

International Sales Director François Stoop shared a dynamic global expansion strategy focused on both mature and emerging markets, supported by a strong partner network and enhanced training tools like the TSplus Academy.

Sales and Marketing strategies are being sharpened, with efforts to better align messaging, unify the company’s visual identity, and improve internal communication across regions. Collaborative sessions during the event generated valuable insights to support these goals.

Marketing and Product leaders showcased the impact of new tools—AI-generated content, improved product videos, and redesigned documentation—all contributing to a stronger, more unified brand presence.

More than just a strategic summit, the 2025 International Meeting demonstrated TSplus’ strength as a global organization driven by shared values, mutual trust, and long-term vision.

IT professionals interested in joining TSplus’ growing network of partners can explore the benefits of collaboration at www.tsplus.net/partners.
All TSplus software is available for free trial download on the website: https://tsplus.net/download/

About TSplus:

TSplus is a global software company specializing in secure remote access, application delivery, and IT management solutions. With a presence in over 140 countries and more than 500,000 deployments worldwide, TSplus helps businesses of all sizes enable flexible, cost-effective, and secure digital work environments. Its suite of products—including Remote Access, Remote Support, Advanced Security, Server Monitoring —offers a comprehensive, user-friendly alternative to complex and expensive solutions. TSplus is committed to innovation, customer success, and making remote work technology accessible to everyone.

Press Contact:

Caleb Zaharris

Marketing Director for TSplus

Caleb.zaharris@tsplus.net

Photos accompanying this announcement are available at:
https://www.globenewswire.com/NewsRoom/AttachmentNg/90bd50c7-fdbf-458f-bf14-676617ebc5ce
https://www.globenewswire.com/NewsRoom/AttachmentNg/dafa60e5-ec43-4f7b-a1e0-3daa1e3f4b9e
https://www.globenewswire.com/NewsRoom/AttachmentNg/16c4596c-f924-4705-b846-aa89282917fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/73fbbe29-e5fa-4cdd-bc71-b8a3d37bc96b

The MIL Network –

May 1, 2025

MIL-OSI: Real Asset Acquisition Corp. Announces Closing of $172.5 Million Initial Public Offering Including Full Exercise of Underwriters’ Over-Allotment Option

Source: GlobeNewswire (MIL-OSI)

PRINCETON, NEW JERSEY, April 30, 2025 (GLOBE NEWSWIRE) — Real Asset Acquisition Corp. (Nasdaq: RAAQ) (the “Company”) today announced the closing of its initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full, at a public offering price of $10.00 per unit. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share.

The units are listed on The Nasdaq Global Market (“Nasdaq”) and commenced trading under the ticker symbol “RAAQU” on April 29, 2025. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “RAAQ” and “RAAQW,” respectively.

Concurrently with the closing of the initial public offering, the Company closed on a private placement of 5,450,000 warrants at a price of $1.00 per warrant, resulting in gross proceeds of $5,450,000. RAAQ Sponsor LLC, the Company’s sponsor, purchased 3,725,000 of the private placement warrants, Cohen & Company Capital Markets purchased 1,466,250 of the private placement warrants and Clear Street purchased 258,750 private placement warrants. Each private placement warrant is exercisable to purchase one Class A ordinary share at $11.50 per share. Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $172,500,000 (or $10.00 per unit sold in the public offering) was placed in trust.

Real Asset Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it intends to target opportunities and companies that are in the quantum computing, metals/mining, rare earth and infrastructure sectors.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, acted as the lead book-running manager of the offering. Clear Street LLC acted as the joint book-runner of the offering.

A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The offering was made only by means of a prospectus. Copies of the prospectus relating to this offering may be obtained from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination and the anticipated use of the net proceeds of the initial public offering and simultaneous private placement. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact

Peter Ort
Principal Executive Officer and Co-Chairman
Real Asset Acquisition Corp.
pete@curaleaassociates.com

The MIL Network –

May 1, 2025

MIL-OSI: PayBright Partners with Next Gen POS Provider Union for Bars and Nightclubs

Source: GlobeNewswire (MIL-OSI)

RALEIGH, N.C., April 30, 2025 (GLOBE NEWSWIRE) — PayBright, a leading merchant services provider, announced today it has partnered with Union, a data-driven hospitality point of sale and engagement platform powering high-volume venues across the country. Union joins PayBright’s more than two dozen industry partnerships as the company’s preferred point-of-sale (POS) solution for bars, nightclubs, and hospitality venues. Union drives operational efficiencies, delivers personalized guest experiences and rewards, and provides real-time data analytics.

“We are excited to offer Union’s next-gen POS solution to our hospitality clients,” said Dustin Magaziner, Founder and CEO of PayBright. “Innovative technology solutions are improving how bars and nightclubs deliver exceptional customer experiences – all backed by real-time data analytics and personalized customer engagement tools. Union is the best in the business at putting these tools together in one platform that’s simple to use and impactful to implement – and we couldn’t be happier to offer it on behalf of PayBright’s team.”

Featured on the 2025 Inc. 5000 list of the fastest growing private companies in the Mid-Atlantic region, PayBright is committed to enhancing the sales process for independent agents in the merchant services space, with a focus on transparency, affordability and simplicity – while delivering best-in-class technology solutions. The company’s nationwide network of 900 independent sales agents have worked with more than 15,000 businesses across the country, while delivering hyper-local merchant services and support.

High-volume venues depend on Union to deliver food and drink orders up to 80% faster and allow customers the option to pay their bill with a mobile device. With unique customer insights and data management tools, Union gives venues the information they need to deliver personalized guest services and exceptional experiences. The platform is built on the collective expertise of 50 successful hospitality veterans – designed by operators for operators. Union POS now powers over 1,500 of the nation’s highest-volume bars, nightclubs, and restaurants. While processing thousands of transactions an hour, the company delivers unprecedented insights into consumer behavior and market trends.

“This partnership with PayBright reflects Union’s commitment to hospitality success,” said Jeffrey Sanders, Chief Revenue Officer at Union. “By collaborating with specialized merchant partners, we’re able to give bar and restaurant operators the flexibility to choose the right experts, support, and financial structures that best serve their unique business needs. Together, we deliver an integrated ecosystem where complementary expertise creates superior solutions that drive operational efficiency and long-term growth for hospitality businesses.”

About PayBright
PayBright is a merchant services provider that works with independent agents, ISOs, banks and other strategic partners to provide payment solutions to businesses. By focusing on a ‘merchant services done right’ model, PayBright has become an industry leader by ensuring transparency, affordability and simplicity for agents and their local merchants. To learn more about PayBright, visit: https://www.gopaybright.com/.

About Union
Union powers a first-of-its-kind venue operating system purpose-built for the nation’s busiest bars and restaurants. More than a point-of-sale, Union connects 1,500+ establishments with 5M+ consumers and leading brands through real-time consumption data. The platform drives operational efficiency, enables frictionless mobile ordering, and facilitates brand-patron interactions that enhance venue loyalty. With $2B+ in annual transactions, Union creates a virtuous cycle where venues improve customer experiences, brands gain direct consumer engagement, and patrons enjoy personalized rewarding hospitality—transforming high-volume operations into next-gen guest experiences. To learn more about Union, visit http://www.getunion.com.

The MIL Network –

May 1, 2025

MIL-OSI: Waterfall Network and Aquapark Launch AquaStake: Unlocking Liquid Staking for Greater Flexibility and Yield

Source: GlobeNewswire (MIL-OSI)

Zug, Switzerland, April 30, 2025 (GLOBE NEWSWIRE) — Waterfall Network, a rapidly growing BlockDAG ecosystem focused on scalability and seamless user experience, today announced the launch of AquaStake in collaboration with Aquapark, introducing a liquid staking solution designed to enhance rewards when users stake and interact with DeFi.

AquaPark is a decentralized finance ecosystem that provides users with a range of services for interacting with their crypto assets. By integrating multiple DeFi protocols into a single platform, AquaPark offers a seamless and secure experience, enabling users to engage with advanced financial strategies. These protocols include:

AquaStake: A liquid staking pool that allows users to stake WATER tokens and receive JWATER—liquid staking tokens that not only represent your stake but also unlock additional opportunities across the ecosystem.
AquaSwap: A decentralized exchange (DEX) that leverages advanced automated market maker (AMM) strategies to facilitate low-slippage trades, ensuring efficient and cost-effective trading while enabling liquidity providers to earn rewards from trading fees.
AquaLend: A lending protocol offering a transparent, algorithm-driven environment where users can borrow and lend assets. With collateralized smart contracts managing interest rates and liquidation parameters, AquaLend provides a reliable solution for managing liquidity and assets

“AquaStake, the first protocol offering, is a major step toward a more dynamic and accessible DeFi experience on Waterfall,” said Sergii Grybniak, Head of Research at Waterfall Network. “By combining liquidity and staking, we’re making it easier for users to maximize their rewards without compromising utility.”

Key Features of AquaStake:

Stake $WATER, Receive $JWATER: Instantly receive $JWATER upon staking, a liquid token representing your staked $WATER tokens..
Earn Passive Rewards: Continue earning staking rewards while keeping tokens liquid.
DeFi Integration: Use JWATER in a growing suite of DeFi protocols for compounding yield and increased capital efficiency.

By offering users the ability to stay liquid while earning, AquaStake enhances participation in the broader Waterfall ecosystem and empowers a more active, efficient, and rewarding staking experience.

For more information, visit https://aquapark.one/ or follow @@waterfall_dag and @aquapark_one on X and other channels:

Discord: https://discord.gg/Nwb8aR2XvR
Telegram: https://t.me/waterfall_network

About Waterfall
Waterfall is a leading layer one (L1) architecture aiming to provide a solution for scalability and decentralization to help dAPP developers change the world. Waterfall’s Directed Acyclic Graph (“DAG”) achieves and allows it to run a validator node from any device, including low-cost laptops and mobile phones in future. Waterfall is Ethereum Virtual Machine (EVM) compatible, allowing for portability of decentralized applications (dAPPs), and has very low hardware requirements for the participants to become validators.

Media contact: bluewave@transformgroup.com

The MIL Network –

May 1, 2025

MIL-OSI: Convening of the Annual General Meeting to approve the 2024 financial statements to be held on June 13, 2025 and evolution of the Atos Board of Directors

Source: GlobeNewswire (MIL-OSI)

Press Release

Convening of the Annual General Meeting to approve the 2024 financial statements to be held on June 13, 2025 and evolution of the Atos Board of Directors

Paris, France – April 30, 2025

Convening of the 2025 Annual General Meeting

The meeting notice (avis de réunion) for the General Meeting scheduled for June 13, 2025, containing the agenda, the draft resolutions, and the participation and voting procedures for this Meeting, will be published in the Official Legal Gazette (Bulletin des Annonces Légales Obligatoires – BALO) on May 5, 2025, and will be available on the Company’s website (https://atos.net/en/investors/annual-general-meeting).

Evolution of the composition of Atos Board of Directors

On the recommendation of the Nomination and Governance Committee, chaired by Lead Independent Director Elizabeth Tinkham, Atos’ Board of Directors has endorsed a series of proposed changes to its composition to be submitted for approval at the General Meeting convened for June 13, 2025. The proposed changes reflect the evolving needs identified by the Board and align with the Group’s ongoing transformation.

It will be proposed to the vote of the shareholders at the Annual General Meeting:

to renew the terms of office of Françoise Mercadal-Delasalles and Jean-Jacques Morin as directors, for a duration that will expire at the end of the General Meeting called to approve the financial statements for the fiscal year ending December 31, 2027;
to appoint Surojit Chatterjee as new independent director, for a duration that will expire at the end of the General Meeting called to approve the financial statements for the fiscal year ending December 31, 2027; and
to ratify the appointment of Mandy Metten as a censor, for a duration of one year expiring at the end of the General Meeting called to approve the financial statements for the fiscal year ending December 31, 2025.

The Board of Directors has also been informed that Elizabeth Tinkham has decided not to seek renewal of her term of office as director, which will expire at the end of the General Meeting of June 13, 2025.

Subject to approval of the proposed resolutions by the Annual General Meeting, the Board of Directors will comprise eight members (in addition to the director representing employees) and one censor, including 87.5%¹independent members (seven out of eight), 50%²women and six nationalities³represented on the Board.

Philippe Salle, Chairman and Chief Executive Officer of Atos SE, declared:

“I am pleased with the upcoming appointment of a highly qualified new director as well as the renewal of terms on our Board of Directors. These developments will support the continued effectiveness of the Board and help to strengthen its overall capabilities. I would also like to express my sincere appreciation to Elizabeth Tinkham for her commitment, which has contributed meaningfully to advancing our mission and shared vision”.

* * *

About Françoise Mercadal-Delasalles

Cofounder and President at Auxo, Co‑chair of the National Digital Council (Conseil National du Numérique) and non‑executive Board Director, Françoise Mercadal-Delasalles was first appointed to the Board of Directors of Atos SE on January 2, 2024, and currently chairs the CSR Committee and sits on the Remuneration Committee. Her experience at the intersection of senior public service and the private sector, along with her recognized expertise in digital transformation and sustainability issues, are valuable assets to the work of the Board.

Biography of Françoise Mercadal-Delasalles

Françoise Mercadal‑Delasalles began her career in senior public service at the Ministry of the Economy and Finance from 1988 to 1992, then at the Caisse des Dépôts from 2002 to 2008. Appointed Director of Resources and Innovation at Société Générale in 2008, she sat on the Group’s Executive Committee and steered its digital transition project. In 2018, Françoise Mercadal-Delasalles became CEO of Crédit du Nord, where she introduced digital tools to position the Group in new banking services and integrated ecological concerns into the company’s business model. In 2023, she co-founded Auxo, an integrated platform to manage extra-financial data and support companies in their transition to sustainability.

Françoise Mercadal-Delasalles holds various non-executive positions on boards of directors and supervisory boards, notably that of Eurazeo. She has co-chaired the Conseil National du Numérique since 2021. She is a Chevalier de la Légion d’Honneur (Knight of the Legion of Honor), Officier du Mérite (Officer of the Order of Merit) and Chevalier du Mérite Agricole (Knight of the Order of Agricultural Merit).

Françoise Mercadal-Delasalles holds a degree in literature and law, and is a graduate of the Institut d’Études Politiques (IEP) de Paris, Sciences Po Paris and the École Nationale d’Administration (ENA).

* * *

About Jean-Jacques Morin

Deputy CEO of the Accor Group and CEO of the Premium, Midscale & Economy Division, Jean-Jacques Morin was first appointed to the Atos SE Board of Directors on January 2, 2024, and currently chairs the Audit Committee. His strong financial background and strategic insight are major assets in helping Atos meet its current challenges, and he would continue to bring his valuable expertise and leadership to the Board’s work.

Biography of Jean-Jacques Morin

Jean-Jacques Morin began his professional career with Deloitte, where he spent five years in auditing and consulting roles in Paris and Montreal. From 1992 to 2005, he held various international positions, notably in the semiconductor sector with Motorola Semiconductors (USA, Switzerland, and France), ON Semiconductor (USA) and Communicant AG, a start-up in Berlin. In 2005, Jean-Jacques Morin joined Alstom as CFO of the Power sectors in Zurich, then in Transport, before being appointed Group CFO from 2013 to 2015. In 2015, Jean-Jacques Morin joined Accor’s Executive Committee as CFO. He is then appointed Group Deputy CEO in charge of Finance, Strategy, IT, Legal, Purchasing and Communications. In June 2023, in addition to his position as Group Deputy CEO, Jean-Jacques Morin took over the Premium, Midscale & Economy Division under his leadership, as CEO of the Division.

Jean-Jacques Morin has held various non-executive positions, including with Orbis from 2016 to 2020 as a member of the Supervisory Board and the Audit Committee, and with Vallourec from 2018 to 2021 as a member of the Supervisory Board and Chairman of the Finance and Audit Committee. He is currently Chairman of the Board of Directors of Adagio since 2022 and a member of the Board of Directors of AccorInvest since 2018. He was appointed Chairman of the Audit Committee of GROUPE REEL in 2024.

Jean-Jacques Morin is a graduate of the École Nationale Supérieure de l’Aéronautique et de l’Espace, holds an MBA from Thunderbird (Arizona State University) and a DSCG from the Ordre des Experts Comptables.

* * *

About Surojit Chatterjee

Founder and CEO of Ema Unlimited, a generative AI company, Surojit Chatterjee is a seasoned technology executive with over two decades of experience driving innovation across global companies. His deep expertise in artificial intelligence, combined with extensive product leadership at firms like Google, Coinbase and Flipkart, would bring strategic insight and forward-thinking vision to the Board.

Biography of Surojit Chatterjee

Surojit Chatterjee began his career in 1999 as a Software Developer at IBM before joining Oracle Corporation in a technical role. In 2005, he moved into product management at Symantec Corporation. He joined Google in 2007, where he held several leadership roles across payments, mobile products, and advertising. In 2015, he became Senior Vice President and Head of Product at Flipkart, before returning to Google in 2017 as Vice President of Product Management for Google Shopping. He joined Coinbase as Chief Product Officer in 2020 and founded Ema Unlimited, a generative AI startup, in 2023.

Since 2024, Surojit Chatterjee has served on the Board of Directors of Meesho, a privately-owned Indian e-commerce company.

Surojit Chatterjee holds a Bachelor in Technology in Computer Science and Engineering from the Indian Institute of Technology, Kharagpur, an MS in Computer Science from the University at Buffalo (SUNY), and an MBA from the Massachusetts Institute of Technology (MIT).

* * *

About Mandy Metten

Head of Group Executives and Strategic Functions in Atos and a long-standing leader within the Group, Mandy Metten was a member of the Board of Directors representing employees until January 31, 2025, when she was appointed censor subject to the General Meeting’s ratification. Her experience across organizational change, diversity initiatives and people development would continue to bring valuable insight to the Board’s work.

Biography of Mandy Metten

Mandy Metten began her professional journey within the ATOS Group as an Executive Management Consultant specializing in Digital Transformation, Innovation, and Change from October 2007 to June 2014, during which she demonstrated expertise in critical strategic areas. In June 2014, she assumed the role of Manager of Atos Young Professionals, designing and overseeing a comprehensive 2-year development program for young professionals, providing development with training, mentoring and client exposure. As from November 2018, Mandy Metten served as Global Head of Group Campus Management, defining and implementing the Group campus strategy globally, including diversity and inclusion initiatives. Mandy Metten took additional responsibilities at Eviden in April 2023 and currently serves as Head of Group Executives & Strategic Functions.

Mandy Metten was Chairman of the works council of Atos from 2010 to 2015. She also served as the Dutch delegate on Atos Societas Europaea Council (SEC) from 2012 to January 2024 and was a member of the Board Participating Committee (2017- January 2024). From August 2023, she became a Commissaris (Member of the Board of Directors) for Atos Nederland, contributing to the company’s governance.

Mandy Metten holds a master’s degree in social and organizational Psychology. She completed a multi-level curriculum in Strategy, Economy, and Finance at the LeFebvre Institute.

* * *

About Atos

Atos is a global leader in digital transformation with circa 74,000 employees and annual revenue of circa €10 billion. European number one in cybersecurity, cloud and high-performance computing, the Group provides tailored end-to-end solutions for all industries in 68 countries. A pioneer in decarbonization services and products, Atos is committed to a secure and decarbonized digital for its clients. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

Contacts

Investor relations:

David Pierre-Kahn | investors@atos.net | +33 6 28 51 45 96

Sofiane El Amri | investors@atos.net | +33 6 29 34 85 67

Individual shareholders: +33 8 05 65 00 75

Press contact: globalprteam@atos.net

1         In accordance with article 10.3 of the AFEP-MEDEF Code, the director representing employees is not taken into account in determining the percentage of independent members.
2           In accordance with the law, the director representing employees is not taken into account in determining the parity ratio on the Board of Directors.
3         Seven nationalities if the censor is taken into account.

Attachment

AtosSE_AGM_13-06-2025_PressRelease_ENG

The MIL Network –

May 1, 2025

MIL-OSI: Crédit Agricole Assurances: Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances

Source: GlobeNewswire (MIL-OSI)

Press release Paris, April 30, 2025

Availability of the 2024 Universal Registration Document of Crédit Agricole Assurances

Crédit Agricole Assurances announced today the filing of its Universal Registration Document for the financial year 2024 with the Autorité des marchés financiers (the “AMF” – French Financial Markets Authority), under number D.25-0348.

The 2024 Universal Registration Document includes:

the Annual financial report,
the Sustainability report,
the Report on corporate governance,
the information concerning the fees paid to the Statutory Auditors.

It is available for public consultation free of charge in accordance with current regulation and may be consulted on Crédit Agricole Assurances’ website (www.ca-assurances.com/en/Investors) and on AMF’s website.

About Crédit Agricole Assurances
Crédit Agricole Assurances, France’s leading insurer, is Crédit Agricole group’s subsidiary, which brings together all the insurance businesses of Crédit Agricole S.A. Crédit Agricole Assurances offers a range of products and services in savings, retirement, health, personal protection and property insurance. They are distributed by Crédit Agricole’s banks in France and in 9 countries worldwide, and are aimed at individual, professional, agricultural and business customers. At the end of 2024, Crédit Agricole Assurances had more than 6,700 employees. Its 2024 premium income (non-GAAP) amounted to 43.6 billion euros.
www.ca-assurances.com

Press contacts
Géraldine Bailacq +33 (0)6 81 75 87 59
Nicolas Leviaux +33 (0)6 19 60 48 53
Julien Badé +33 (0)7 85 18 68 05
service.presse@ca-assurances.fr

Investor relations contacts
Yael Beer-Gabel +33 (0)1 57 72 66 84
Gaël Hoyer +33 (0)1 57 72 62 22
Sophie Santourian +33 (0)1 57 72 43 42
Cécile Roy +33 (0)1 57 72 61 86
relations.investisseurs@ca-assurances.fr

Attachment

PR for availability of the 2024 CAA URD

The MIL Network –

May 1, 2025

MIL-OSI: Self-Service Portals Emerge as a Competitive Imperative in B2B Aftersales, New Study Finds

Source: GlobeNewswire (MIL-OSI)

BERLIN and NEW YORK, April 30, 2025 (GLOBE NEWSWIRE) — Spryker, the leading composable commerce platform for global enterprises, today announces findings from a new study released in partnership with Statista+. The findings reveal that as digital-first expectations reshape the B2B landscape, there is a growing urgency for enterprises to offer Self-Service Portals (SSPs) as a core part of the aftersales experience. The study, which surveys 100 U.S.-based B2B buyers across Automotive, MedTech, Agriculture, and Industrial Manufacturing sectors, highlights a widening “SSP Opportunity Gap”—the space between buyer demand for self-service capabilities and the limited availability offered by suppliers.

Key findings include:

SSPs are the second most preferred B2B aftersales channel, yet rank only fourth in actual usage.
95% of buyers believe SSPs improve purchasing efficiency, with two-thirds saving 30 to 60 minutes per transaction.
Only 32% of non-SSP users are satisfied with their aftersales experience, compared to 86% of SSP users.
88% of buyers say SSP availability influences their choice to continue purchasing from a supplier.

“There is a real opportunity here for enterprises looking to get ahead. As B2B buyers increasingly expect seamless, digital-first experiences, SSPs move from ‘nice-to-have’ to ‘must-have,’” says Boris Lokschin, Co-founder and Chief Executive Officer at Spryker. “The study finds that 79% of buyers believe SSPs will play an important role in B2B purchasing and aftersales. That’s not just demand, it’s a clear signal that the market is shifting.”

According to Gartner, 75% of organizations will complete their highest-revenue deals via digital channels by 2028. As organizations are pushed to increase efficiency while delivering seamless customer experiences, the urgency for digital transformation accelerates. Paired with the need to do more with less, scalable and efficient service models become essential.

“Buyers want control and speed without sacrificing trust or performance,” says Elena Leonova, Chief Product Officer at Spryker. “With 51% of buyers facing technical issues or downtime while using SSPs, the importance of choosing a robust, enterprise-grade solution designed for stability, security, and scalability is paramount.”

Spryker’s Self-Service Portal is designed to unify fragmented customer interactions into a single, user-friendly platform. It offers features like 24/7 account dashboards, asset and claims management, and account-specific pricing. As a one-stop shop, it supports a seamless aftersales experience, increasing efficiency, improving customer satisfaction, and driving profitable growth.

The study dives deeper into buyer expectations across industries, the most critical SSP features, and what sets digital leaders apart in today’s B2B market. Read the full study findings here.

Methodology
The study, conducted by Statista+ on behalf of Spryker in March 2025, included 100 U.S.-based B2B buyers from four key industries: Automotive, MedTech, Agriculture, and Industrial Manufacturing.Data was collected through 10-minute Computer-Aided Telephone Interviews (CATI), including screen-sharing, to ensure clarity and accuracy. Participants were selected to provide a balance across industries. All respondents are involved in B2B purchasing processes and engage in aftersales transactions. The sample includes SSP users and non-users, providing a balanced view of current practices, pain points, and future expectations. Fieldwork was conducted between March 17–21, 2025.

About Spryker
Spryker is the leading global composable commerce platform for enterprises with complex use cases to enable growth, innovation, and differentiation. Designed specifically for sophisticated transactional businesses, Spryker’s easy-to-use, headless, API-first model enables businesses to adapt, scale, and quickly go to market while facilitating faster time-to-value throughout their digital transformation journey. As a global platform leader for B2B and B2C Enterprise Marketplaces, IoT Commerce, and Unified Commerce, Spryker has empowered 150+ global enterprise customers worldwide and is trusted by brands such as ALDI, Siemens, ZF Friedrichshafen, and Ricoh. Spryker is a privately held technology company headquartered in Berlin and New York backed by world class investors such as TCV, One Peak, Project A, Cherry Ventures, and Maverick Capital. Learn more at spryker.com and follow Spryker on LinkedIn and X.

The MIL Network –

May 1, 2025

MIL-OSI: XRP News: Amid Proshares XRP Spot ETF Approval News, XenDex Fills Soft Cap as $XDX Price Surges Ahead of Major Exchange Listings

Source: GlobeNewswire (MIL-OSI)

SYDNEY, April 30, 2025 (GLOBE NEWSWIRE) — The XDX presale phase is reaching its climax. XenDex has officially filled its soft cap, and investors are now scrambling to secure the final remaining tokens before they’re gone for good.

As the XRP ecosystem celebrates major milestones; from Brazil’s approval of the first XRP Spot ETF, to the SEC lawsuit withdrawal, and ProShares’ XRP Futures and Spot ETF greenlight — XenDex is perfectly positioned as the go-to decentralized exchange (DEX) solution built on Ripple’s native blockchain.

Buy $XDX Now & Earn Rewards

With $XDX token prices now increasing and exchange listings imminent, this is the final chance to buy before wider exposure, higher prices, and a full sellout.

Top Exchange Listings Confirmed: Global Adoption Incoming

Once the presale concludes, $XDX will be listed on top-tier centralized exchanges, setting the stage for mass adoption and significant liquidity.

Confirmed exchange listings include:

Binance
Gate.io
BitMart
MEXC
FirstLedger
MagneticX

Buy XDX Before Listing On Exchange

These listings are expected to catapult $XDX into the spotlight, and early buyers are racing to front-run the rush.

Buy $XDX Now Before It’s Gone: https://xendex.net/presale

What Makes XenDex Unique, And Why You Should Join The Race

More than just another DEX, XenDex is XRPL’s first all-in-one DeFi hub, solving long-standing gaps with powerful features, including:

AI-Powered Copy Trading – Mirror professional traders to minimize loss and maximize profit on our DEX
Non-Custodial Lending & Borrowing – Borrow and lend XRP and $XDX to earn rewards on XenDex Exchange
Cross-Chain Trading – Seamlessly swap XRP across networks like Solana and BNB on XenDex
Staking & Yield Farming – Earn rewards by providing liquidity to our XenDex liquidity pool
DAO Governance – Vote on XenDex’s future upgrades, listings, protocol improvements, etc.

Purchase XDX At Lowest Presale Price

Thousands have already joined the growing XenDex community across Telegram and Twitter, buying and locking in their tokens before the presale ends and the next price increase takes effect.

“We’ve hit our soft cap, secured major listings, and entered the final presale phase,” said a XenDex spokesperson. “From here on, the price increases and soon, availability will vanish altogether.”

With the clock ticking, and tokens disappearing by the minute, this is your final opportunity to be part of one of XRPL’s most explosive DeFi launches.

Join Official XenDex Communities

Website: https://xendex.net
Presale: https://xendex.net/presale
Telegram: https://t.me/xendexcommunity
Twitter/X: https://x.com/xendex_xrp
Docs: https://xdxdocs.gitbook.io

Contact:
Frank Richards
Frank@xendex.net

Disclaimer: This is a paid post provided by XenDex. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b519307c-222b-4da1-a8cc-e176438a056b

The MIL Network –

May 1, 2025

MIL-OSI: Atlantic Petroleum Posts Net Profit of DKK 1,4MM for 2024

Source: GlobeNewswire (MIL-OSI)

Tórshavn, Faroe Islands, 2025-04-30 (GLOBE NEWSWIRE) — P/F Atlantic Petroleum (NASDAQ OMX: ATLA DKK) today announces its Annual Results for 2024. This company announcement should be read in conjunction with Atlantic Petroleum’s Consolidated Annual Report

Highlights are:

The result after tax for 2024 was a net profit of DKK 1.4MM (2023: loss of DKK 20.7MM).
The Group had a gross profit of DKK 0MM in 2024 (2023: Gross profit of DKK 0MM).
Exploration expenses amounted to DKK 0.0MM in 2024 (2023: DKK 0.0MM).
General and administration costs amounted to DKK 2.4MM in 2024 (2023: DKK 2.3MM).
Loss before taxation was DKK 2.4MM in 2024 (2023: loss of DKK 20.7MM).
Total shareholders’ equity amounted to DKK -112.8MM at the end of 2024 (2023: DKK -115.9MM).
Net cash provided from operating activities amounted to DKK 0.5MM in 2024 (2023: DKK 1.7MM).
Cash and cash equivalents totalled DKK 0.0MM at the end of 2024 (2023: DKK 1,1MM).

Mark T. Højgaard, CEO commented:

The overhead costs remain at a very low-cost base. General and administration costs in 2024 were DKK 2.4MM which is slightly higher than the general and administration cost in 2023 of DKK 2.3MM.

The main focus has been to get a solution on the bank debt from Betri Banki and the convertible debt from London Oil and Gas in Administration.

Atlantic Petroleum reached an agreement on the 4^thApril 2025 with its main creditors to reduce the Company’s debt. The total debt will be reduced by at least DKK 90MM. However, the debt restructuring is not finalized. The Directors believe that finalization of the agreed upon framework will be in place in May 2025.

The ability of the Group to continue as a going concern is dependent on the finalization of the debt restructuring, and the cash flows generated from the interest in the Orlando field.

Atlantic Petroleum in brief:

Atlantic Petroleum participates in oil and gas joint ventures with reputable, international partners. Atlantic Petroleum P/F is based in Tórshavn, Faroe Islands, and the Company has subsidiaries and offices in the UK and Ireland. Atlantic Petroleum’s shares are listed on NASDAQ OMX Copenhagen.

Further Details:

Further details can be obtained from Mark T. Højgaard, (markh@petroleum.fo). This announcement will be available, together with other information about Atlantic Petroleum, on the Company’s website: www.petroleum.fo.

Announcement no.: 5/2025

Issued: 30-04-2025

P/F Atlantic Petroleum
Lucas Debesargøta 8
P.O.Box 1228
FO-110 Torshavn
Faroe Islands

Website: www.petroleum.fo

Attachments

The MIL Network –

May 1, 2025

MIL-OSI: RCI BANQUE : PLACEMENT OF A 624 MILLION EURO SECURITIZATION BACKED BY GERMAN AUTO LOANS

Source: GlobeNewswire (MIL-OSI)

PRESS RELEASE
 

30 APRIL 2025

PLACEMENT OF A 624 MILLION EURO SECURITIZATION BACKED BY GERMAN AUTO LOANS

Mobilize Financial Services Group announces the placement of a securitization backed by auto loans originated by its German branch.

The FCT Cars Alliance Auto Loans Germany v 2025-1 has placed 611m€ of Senior notes and 13m€ of subordinated notes. These notes are rated AAA(sf) / Aaa(sf) and AAA(sf) / Aa1(sf) respectively by DBRS and Moody’s.

The Senior tranche, with a weighted average life of 2.95 years, has a coupon⁽¹⁾of Euribor 1 month + 62bps. The subordinated notes, with a weighted average life of 4.66 years, have a coupon⁽¹⁾ of Euribor 1 month + 90bps.

This transaction confirms the diversified financing sources to which the company has access.

⁽¹⁾ Priced at par

Contact

About Mobilize Financial Services  
Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations nearly 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries.
With operations in 35 countries and nearly 4,000 employees, Mobilize Financial Services financed more than 1,3 million contracts (new and used vehicles) in 2024 and sold 3,7 million services. At the end of December 2024, average earning assets stood at 55,9 billion euros of financing and pre-tax earnings at 1,194 million euros. 
Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2024, net deposits amounted to 30,5 billion euros, or 50 % of the company’s net assets. 
To find out more about Mobilize Financial Services: www.mobilize-fs.com/
Follow us on Twitter: @Mobilize_FS

Attachment

EN – CP CAALG2025

The MIL Network –

May 1, 2025

Category: GlobeNewswire