Welcome to our dedicated page for INTEGRATED FINL HLDGS news (Ticker: IFHI), a resource for investors and traders seeking the latest updates and insights on INTEGRATED FINL HLDGS stock.
Integrated Financial Holdings, Inc. (IFHI) delivers community banking services and specialized lending solutions through its West Town Bank & Trust and Windsor Advantage subsidiaries. This news hub provides investors and financial professionals with essential updates about the company’s operations, regulatory compliance, and market positioning.
Access official press releases covering earnings reports, loan portfolio updates, and strategic initiatives. Stay informed about IFHI’s dual focus on traditional banking services and outsourced SBA/USDA lending platforms. Content spans regulatory filings, partnership announcements, and operational efficiency milestones relevant to the financial holding sector.
Bookmark this page for streamlined access to IFHI’s financial communications. Check regularly for updates on risk management practices, liquidity developments, and compliance achievements that shape the company’s performance in community banking and government-backed lending markets.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) has announced a special stock dividend of its ownership in Dogwood State Bank to IFHI common shareholders. The distribution is set for September 23, 2024, with a record date of September 9, 2024. Based on current figures, shareholders are expected to receive approximately 0.4673 shares of Dogwood common stock for each IFHI share owned. This ratio may change depending on the number of IFHI shares outstanding on the record date. No fractional shares will be distributed; instead, cash will be provided in lieu of fractional shares. IFHI advises shareholders to consult financial or tax advisors regarding the implications of this special dividend.
Integrated Financial Holdings, Inc. (OTCQX: IFHI) reported Q2 2024 financial results with net income of $605,000, or $0.26 per diluted share, compared to $3.6 million, or $1.60 per diluted share in Q2 2023. Key highlights include:
- Net interest income of $5.9 million, up from $5.5 million in Q2 2023
- Noninterest expense of $8.2 million, unchanged from Q2 2023
- Return on average assets of 0.47%, down from 3.05% in Q2 2023
- Return on average tangible common equity of 2.89%, down from 19.84% in Q2 2023
Results were impacted by merger-related expenses of $681,000 and a decrease in government guaranteed lending revenue of $2.3 million. The company recorded a provision for credit losses of $1.6 million, up from $130,000 in Q2 2023.
Integrated Financial Holdings (OTCQX: IFHI) reported its financial results for Q4 2022 and the full year. Q4 net income reached $2.4 million ($1.04 per diluted share), a rise from $1.3 million ($0.57 per diluted share) in Q4 2021. Year-to-date, however, the company faced a net loss of $199,000 versus a profit of $12.7 million in 2021. Net interest income for Q4 was $5.9 million, up from $4.1 million the previous year, while full-year net interest income climbed to $22.0 million. Total assets decreased to $447.9 million, with a notable decline in total deposits.
The company's return on assets was 2.15% in Q4, down from 1.14% a year prior.
MVB Financial Corp. (MVBF) and Integrated Financial Holdings, Inc. (IFHI) have received shareholder approval for their merger agreement dated August 12, 2022. The merger involves IFHI merging into MVB, with MVB as the surviving entity. It is expected to close in Q1 2023, pending regulatory approvals. The merger aims to create a national leader in government-guaranteed lending, particularly in SBA and USDA loans. Both companies expressed confidence in the merger's potential to enhance shareholder value and operational efficiency.
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