STOCK TITAN

INTEGRATED FINL HLDGS INC - IFHI STOCK NEWS

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) is a financial holding company based in Raleigh, North Carolina, overseeing West Town Bank & Trust, an Illinois state-chartered bank. Through subsidiary Windsor Advantage, LLC, IFHI provides SBA and USDA lending services. The company saw positive results in 2023, reflecting improved efficiency, decreased expenses, and growth in assets and equity. IFHI remains focused on strategic growth and enhancing shareholder value while maintaining a strong capital position and liquidity.

Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.53%
Tags
dividends
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.03%
Tags
-
Rhea-AI Summary
Integrated Financial Holdings, Inc. released its first quarter financial results for 2024, showing a net income of $1.3 million, net interest income of $5.8 million, and a reduction in noninterest expense by 15% compared to the same period in 2023. Despite a year-over-year decline in net income, the company focused on cost structure improvements and efficiency gains. Total assets were $518.2 million, with net loans of $361.9 million and total deposits of $398.6 million. The company's regulatory capital ratios remained well above the required thresholds, ensuring capital and liquidity strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
Rhea-AI Summary
Integrated Financial Holdings, Inc. (IFHI) released its financial results for the fourth quarter of 2023, showcasing a net income of $2.8 million, a 22% efficiency ratio improvement, and a 2.31% Return on Average Assets. Total assets, net loans, and total deposits saw significant increases compared to 2022. The Bank exceeded the minimum thresholds established for well-capitalized banks, showing strong capital and liquidity strength.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.73%
Tags
-
Rhea-AI Summary
Integrated Financial Holdings, Inc. (IFHI) released its financial results for Q3 2023. Net income for the quarter was $2.4 million compared to a net loss of $7.5 million in Q3 2022. Year-to-date net income was $8.3 million compared to a net loss of $2.6 million in the prior year. Net interest income was $5.6 million for Q3 2023. Return on average assets was 1.97% for the quarter. Efficiency ratio improved to 69.6% in Q3 2023 compared to 189.7% in Q3 2022. Total assets increased by $51.3 million or 11% since December 31, 2022.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5%
Tags
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.89%
Tags
-
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
Rhea-AI Summary

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.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.2%
Tags

FAQ

What is the current stock price of INTEGRATED FINL HLDGS (IFHI)?

The current stock price of INTEGRATED FINL HLDGS (IFHI) is $33.8 as of October 1, 2024.

What is the market cap of INTEGRATED FINL HLDGS (IFHI)?

The market cap of INTEGRATED FINL HLDGS (IFHI) is approximately 79.2M.

Where is Integrated Financial Holdings, Inc. based?

Integrated Financial Holdings, Inc. is headquartered in Raleigh, North Carolina.

What services does IFHI provide?

IFHI oversees West Town Bank & Trust, providing banking services, and through subsidiary Windsor Advantage, LLC, offers community banks and credit unions with SBA and USDA lending services.

What were some of the key achievements of IFHI in 2023?

In 2023, IFHI showed positive results with improved efficiency, reduced expenses, and growth in assets and equity. The company focused on strategic growth and enhancing shareholder value.

What is IFHI's strategic focus for the future?

IFHI is committed to maintaining strong capital and liquidity positions, strategic growth initiatives, and enhancing shareholder value through operational efficiency and sustainable growth.

How does IFHI plan to enhance shareholder value?

IFHI aims to introduce new avenues for continued growth, leverage successes in government-guaranteed lending, and remain focused on operational efficiency to enhance shareholder value.

INTEGRATED FINL HLDGS INC

OTC:IFHI

IFHI Rankings

IFHI Stock Data

79.23M
1.76M
0.24%
Banks - Regional
Financial Services
Link
United States of America
Raleigh