CHANTILLY, Va. - (03/20/06) Online Resources Corp. reportedFriday it will restate its 2005 earnings after recognizing a $13.7million tax benefit in the fourth quarter. The company said itdecided to release $36 million of the remaining $81 million itholds it net loss carry-forwards. This will result in an unreservedtax asset of $13.7 million for the fourth quarter. It will push upnet income for the fourth quarter from $2.9 million to $16.5million; and for the full year from $9 million to $22.7 million, or36 cents a share. Revenues for the Internet services providerincreased 38% for the fourth quarter to $15.8 million; and by 43%for the year to $60.5 million.
-
The top five banks and thrifts have combined total assets of nearly $13 trillion.
Just now -
The Connecticut bank —a regional traditionally regarded as a cautious lender — said nonperforming loans and leases rose 53% year-over-year. The uptick was in mostly the commercial-and-industrial loan space, although there was one nonperforming commercial real estate loan, executives said.
17m ago -
The two regional banks are anticipating that borrower demand will increase in the back half of the year. High interest rates and economic uncertainty have been muting the appetite for borrowing.
1h ago -
In a letter to Treasury Secretary Janet Yellen last week, the Massachusetts senator highlighted the growing use of cryptocurrencies by malicious organizations abroad and underscored the need for anti-money-laundering and counterterrorism provisions in future proposals.
2h ago -
Brendon Falconer, finance chief of the Indiana company since 2019, faces felony child molestation charges. But CEO James Ryan says management is focused on the CapStar integration and organic growth.
3h ago -
The banking-as-a-service middleware provider will be acquired by TabaPay. Other middleware providers may be forced to evolve or face the same fate.
5h ago