Accounting News

OAKLAND, Calif.--(BUSINESS WIRE)--The Board of Directors of Summit Bancshares Inc., at a meeting held on April 16, 2025, in recognition of the bank’s 43rd year in business, declared special cash dividend of $0.43 per share in lieu of the normal quarterly dividend, payable on June 30, 2025, to holders of record as of the close of business on June 9, 2025. Summit Bancshares, Inc., (OTC Bulletin Board: SMAL) is the parent company of Summit Bank....

ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2025 first quarter net income of $44.4 million, or $1.04 per diluted share, as compared to 2024 fourth quarter net income of $50.0 million, or $1.18 per diluted share. The decline was primarily driven by a higher loan loss provision. These financial results include pre-tax merger-related costs of $1.2 million and $1.9 million for the first quarter of 20...

SAN JOSE, Calif.--(BUSINESS WIRE)--BILL (NYSE:BILL), a leading financial operations platform for small and midsize businesses (SMBs), announced today that it will report fiscal third quarter 2025 financial results on Thursday, May 8, 2025, after the close of market. Management will conduct a conference call to discuss these results at 1:30 p.m. PDT. The news release with the financial results and a live webcast of the call will be accessible at https://investor.bill.com. Webcast replays can be...

BREA, Calif.--(BUSINESS WIRE)--HdL Companies, a leading provider of revenue enhancement and economic development services for local governments, has released its fourth quarter 2024 sales tax data, revealing a 1.2% decline in local one cent sales and use tax receipts compared to the same quarter last year, after adjusting for accounting anomalies. Andy Nickerson, CEO of HdL Companies, commented on the results: "The fourth quarter is typically the highest sales tax generating period of the year,...

NEW YORK & DENVER--(BUSINESS WIRE)--Mercer Global Advisors, Inc. (“Mercer Advisors”), a national Registered Investment Adviser (RIA), today announced the expansion of its family office services with the national launch of Account Bridge, a proprietary program that streamlines its advisors’ ability to implement and provide advice on clients’ held-away investment accounts. Account Bridge helps advisors elevate the client experience by positioning clients’ investments in line with their financial...

ARLINGTON, Va.--(BUSINESS WIRE)--Visual Lease, a CoStar Group (NASDAQ: CSGP) brand and a premier platform for integrated lease management, accounting, and reporting, announced today that it has become a Workday Innovation Partner. This collaboration combines Visual Lease’s platform for lease accounting and management with Workday Financial Management software to empower joint customers with a comprehensive view of their lease portfolios, helping them manage their financial ecosystem, from gener...

NEW YORK--(BUSINESS WIRE)--Marsh McLennan (NYSE: MMC), the world's leading professional services firm in the areas of risk, strategy and people, today reported financial results for the first quarter ended March 31, 2025. John Doyle, President and CEO, said: "We had a solid start to the year with 9% revenue growth reflecting momentum across our business and the contribution from acquisitions. For the quarter, we generated 4% underlying revenue growth, 8% growth in adjusted operating income, and...

BETHESDA, Md.--(BUSINESS WIRE)--Walker & Dunlop Announces First Quarter 2025 Earnings Conference Call Details...

HARLEYSVILLE, Pa.--(BUSINESS WIRE)--Harleysville Financial Corporation (OTCQX:HARL) reported today that the Company’s board of directors declared a regular quarterly cash dividend of $.33 per share on the Company’s common stock. The cash dividend will be payable on May 14, 2025 to stockholders of record on April 30, 2025. Net income for the second quarter was $2,130,000 or $.59 per diluted share compared to $2,112,000 or $.58 per diluted share for the same quarter last year. Net income for the...

SEATTLE--(BUSINESS WIRE)--Milliman, Inc., a premier global consulting and actuarial firm, today announced the fourth quarter (Q4) 2024 results of the Milliman Mortgage Default Index (MMDI), which shows a slight decrease in the lifetime serious delinquency rate (for homes 180 days or more delinquent) for U.S.-backed mortgages. The Q4 2024 MMDI dipped to 2.12%, compared to a restated 2.18% in Q3. In Q4 2024, the decrease in default risk reflects a continued strength in borrower profiles, which in...