otc - OTC STOCK NEWS

Trucept Inc. (OTC Pink: TREP) announces a significant increase in operating and net income, along with a reduction in operating expenses for the 3 and 9 months ending September 30, 2023, compared to the prior year. CEO Norman Tipton attributes this success to the team's dedication and customer trust. Trucept's professional services now include Data Driven Marketing, Technology, Accessibility Act compliance, Insurance Offerings, Third-party Administrator (TPA) services, Full-Service Payroll, Human Resources, Employee Benefits Administration, Accounting Support, and Safety and Risk Management.

Butler National Corporation announces Q1 FY2024 financial results with a 12% increase in revenue to $17.2 million and quarterly earnings of one cent per share.

Butler National promotes Christopher Reedy to President and CEO, relocates headquarters to enhance operational efficiency.

Trucept Inc. (OTC Pink: TREP) reported robust financial results for the year ending December 31, 2022, demonstrating continued profitability. The company achieved a 14.3% increase in revenue compared to the previous year, accompanied by an 11.4% rise in total stockholders' equity. CEO Norman Tipton noted the positive performance amid economic challenges and highlighted the appointment of a new auditing firm to facilitate an uplist to OTCQB. Trucept provides a range of professional services, showcasing resilience and consistent growth in its operations.

Trucept Inc. (OTC Pink: TREP) has announced its financial results for the full year 2022, showcasing a 14.3% increase in revenue compared to the previous year. This marks another consecutive year of profitability for the company. Total stockholders' equity also saw an increase of 11.4%. CEO Norman Tipton expressed satisfaction with the company's performance despite economic challenges and highlighted efforts to advance financial audits for a potential up-listing on the OTCQB. Trucept continues to expand its professional services, including marketing and payroll, to assist businesses in navigating growth.

Touchstone Bankshares, Inc. (OTC Pink: TSBA) provided an update on its financial condition amidst recent market turbulence. CEO James Black emphasized the bank's strong capital position, well above regulatory requirements, and a diversified deposit base. Despite the failures of Signature Bank and Silicon Valley Bank, Touchstone reported growth in net deposits for Q1 2023. However, the bank is monitoring a $1.0 million subordinated debt investment with Signature Bank, which may necessitate an impairment charge affecting earnings. Touchstone Bank continues to uphold liquidity and capital strength to support customers.

Fannie Mae (OTCQB: FNMA) reported a net income of $12.9 billion for 2022, with a fourth-quarter income of $1.4 billion. The financial results are detailed in its 2022 Form 10-K filed with the SEC on February 14, 2023. The filing includes consolidated financial statements for the year ending December 31, 2022. Fannie Mae has also scheduled a conference call to discuss the results at 8:00 a.m. ET on the same day. Investors can find related documents and further details on Fannie Mae’s website.

On February 7, 2023, Fannie Mae (OTC: FNMA) priced its Connecticut Avenue Securities (CAS) Series 2023-R02, a $709 million note offering, marking its second CAS REMIC transaction of the year. The reference pool encompasses about 64,000 single-family mortgage loans valued at approximately $20.3 billion. Loans were acquired between February and March 2022, with loan-to-value ratios ranging from 60.01% to 80.00%. Fannie Mae will retain portions of several tranches and has issued over $60 billion in CAS notes overall, transferring credit risk on more than $2 trillion in single-family mortgages.