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Cision Canada
16-07-2025
- Business
- Cision Canada
Denison Announces Discovery of Additional High-Grade Mineralization at Gryphon and Reports Results from Successful Delineation Program
TORONTO, July 16, 2025 /CNW/ - Denison Mines Corp. ("Denison" or the "Company") (TSX: DML) (NYSE American: DNN) is pleased to announce the discovery of additional high-grade mineralization approximately 40 metres outside of the previously estimated mineralized domain associated with the D1 lens of the Gryphon uranium deposit ("Gryphon"). Drill hole WR-837AD2 intersected 2.3 metres at 1.69 % eU 3 O 8 including 0.5 metres at 5.48 % eU 3 O 8 in the down plunge direction from the previously defined D1 lens. This area remains open down-plunge and along strike to the northeast for further expansion. Gryphon is situated approximately 3 km northwest of the Company's flagship Phoenix In-Situ Recovery ("ISR") uranium mine development project, on Denison's 95%-owned Wheeler River property in northern Saskatchewan (see Figure 1). View PDF version. View PDF The discovery was made as part of a highly successful delineation drill program carried out at Gryphon during the first half of 2025. Results from the delineation drilling are expected to add confidence to the previously estimated mineral resources for Gryphon, having confirmed the current geological interpretation of the deposit and intersecting uranium grades in line with expected values. Denison's President and CEO, David Cates, commented, " Our 2025 Gryphon del ineation program was highly successful and achieved each of the program's key objectives – including (a) increasing the density of drill testing within the A1 high-grade domain and confirming the geological model, (b) collecting additional geotechnical, metallurgical and hydrogeological samples and information to support future project evaluation efforts, and (c) initial testing of areas identified for possible expansion of mineral resources that are outside of the mine design outlined in the 2023 Pre-Feasibility Study ("PFS"). The delineation results demonstrate that Gryphon is an excellent high-grade basement-hosted uranium deposit that justifies further project development evaluation and de-risking. With a focus on confirming the mineralization in the A-series of lenses, a limited number of drill holes were designed to test for possible expansion of the estimated mineral resource. As a result, we are excited that drill hole WR- 837AD2 encountered high-grade mineralization outside of the existing mineralized domain in an area that remains wide open for further expansion down-plunge and along strike. We are currently developing plans to f ollow-up this result and test other expansion targets." Gryphon Uranium Deposit Gryphon was discovered by Denison in 2014 and is estimated to contain Indicated Mineral Resources of 61.9 million pounds U 3 O 8 (1,643,000 tonnes an average grade of 1.7% U 3 O 8), plus Indicated Mineral Resources of 1.9 million pounds U 3 O 8 (73,000 tonnes at an average grade of 1.2% U 3 O 8), with an effective date of August 7, 2018. Gryphon is comprised of 24 primarily basement-hosted stacked lenses referred to as the A-series, B-series, C-series, D-series and E-series lenses, which are interpreted to be stacked to form a zone of mineralization measuring approximately 280 metres long by 113 metres wide, with each lens having variable thicknesses and generally plunging to the northeast and dipping to the southeast (See Figure 2). Four high-grade domains have been established within the A1 and D1 lenses. The A1 high-grade domain represents 40% of the total Indicated Mineral Resources estimated for the deposit; whereas the combination of the three D1 high-grade domains represent approximately 10% of the total Indicated Mineral Resources. Potential future development of the Gryphon deposit has been assessed as an underground mining operation at a PFS level in 2018 with a cost update completed in 2023. The outcomes of the study highlight robust economics with an estimated after-tax base-case Net Present Value ("NPV") of $864.2 million and internal rate of return ("IRR") of 37.6%, based on estimated Probable Reserves of 49.7 million pounds U 3 O 8 (1,275,000 tonnes at 1.8% U 3 O 8), a uranium selling price of USD$75/lb U 3 O 8 ($101.25/lb U 3 O 8), and an 8% discount rate. Gryphon's cash operating costs are estimated to be USD$12.75/lb U 3 O 8, and its all-in cost of production (including initial capital costs of CAD$737.4 million) is estimated to be US$25.47/lb U 3 O 8. Accordingly, Gryphon has the potential to be competitive with the lowest cost uranium mining operations in the world. The D series lenses were targeted for potential mineral resource expansion in 2025 given their high-grade, structurally controlled nature, and that previous drilling left the mineralization partially open in the down-plunge and along-strike directions. Prior to this program, no significant expansion drilling has occurred proximal to Gryphon since 2018. The last drill hole of the 2025 program (WR-837AD2) encountered high-grade uranium mineralization, which is interpreted to expand the extent of the D1 zone by ~40 metres in the down-plunge direction. This drill hole tested a 100-metre gap in the previous drill hole spacing (see Figure 3) and justifies further follow-up drilling to test to additional down-plunge extension as well as the potential for along strike continuation. Drill hole WR-836 was also completed in the expansion area and also encountered notable uranium mineralization, which indicates the system is open along strike to the north. Denison reports its initial drilling results as radiometric equivalent uranium ("%eU 3 O 8") from a calibrated, triple gamma, down-hole probe. All mineralized intersections have been sampled for chemical U 3 O 8 assay and final results will be compiled following receipt of the data. Table 1: Drill hole intercepts by lens for WR-836 and WR-83 7AD2. 1 Notes: 1. Drill hole orientation (azimuth/dip) for WR-836 is 306.8 o /-73.4 o and for WR-837AD2 is 311.1 o /-71.0 o 2. eU3O8 is radiometric equivalent uranium from a calibrated total gamma down-hole probe. All intersections have been sampled for chemical U3O8 assay 3. Intersection interval is composited above a cut-off grade of 0.05% eU3O8 4. Intersection interval is composited above a cut-off grade of 2.0% eU3O8 5. As most of the drill holes are oriented steeply toward the northwest and the basement mineralization is interpreted to dip moderately to the southeast, the true thickness of the mineralization is expected to be approximately 85% of the intersection lengths 2025 Delineation Drill Program Highlights A total of ~12,500 metres of diamond drilling was completed in seventeen drill holes and multiple off cuts during the 2025 delineation program at Gryphon. Overall, the delineation program confirmed the current geological interpretation of the deposit and supported the grade-thickness (GT) assumptions in the resource block model. The A1 lens was the primary focus of the drill program as the high-grade and low-grade domains contain approximately 50% of the estimated Indicated Mineral Resource for Gryphon. Several drill holes intersected the A1 high-grade domain and established additional continuity within the A-series lenses. The B and C series lenses are located below the A series within the center of the deposit and were also intersected as part of the 2025 delineation program. Together the B and C series lenses account for approximately 20% of the total estimated Indicated Mineral Resources. Several drill holes encountered significant results, demonstrating the high-grade nature of Gryphon, including the following results from WR-831D1D2, which tested the primary lenses and returned the best mineralized intercepts from the delineation program: Table 2: Drill hole intercepts by lens for WR-831D1D2. 1 Notes: 1. Drill hole orientation (azimuth/dip) 295.8 o /-77.0 o 2. eU 3 O 8 is radiometric equivalent uranium from a calibrated total gamma down-hole probe. All intersections have been sampled for chemical U 3 O 8 assay 3. Intersection interval is composited above a cut-off grade of 0.05% eU 3 O 8 4. Intersection interval is composited above a cut-off grade of 2.0% eU 3 O 8 5. Intersections with less than 0.5 GT were left out of the table to simplify the results 6. As most of the drill holes are oriented steeply toward the northwest and the basement mineralization is interpreted to dip moderately to the southeast, the true thickness of the mineralization is expected to be approximately 85% of the intersection lengths Additional Data Collected for Future De-risking and Study Work Approximately 250 kg of whole-core samples were collected for metallurgical test work. Metallurgical test programs are being developed to assess uranium recoveries to advance the evaluation work completed to support the 2018 and 2023 PFS. Geotechnical logging was completed on all drill holes and hydrogeological information was collected from two of the drill holes which were outfitted with vibrating wire piezometers (VWPs). The information collected from these exercises is expected to increase the understanding of different hydrogeological zones to support future mine-design planning. This work adds to the extensive database of geological, hydrogeological, geotechnical, and metallurgical data for Gryphon. This site-specific data is expected to be used to validate certain key assumptions in potential future technical studies further evaluating the Gryphon deposit for underground mining. About Wheeler River Wheeler River is the largest undeveloped uranium project in the infrastructure-rich eastern portion of the Athabasca Basin region, in northern Saskatchewan. The project is host to the high-grade Phoenix and Gryphon uranium deposits, discovered by Denison in 2008 and 2014, respectively, and is a joint venture between Denison (90% and operator) and JCU (Canada) Exploration Company Limited ("JCU", 10%). In August 2023, Denison filed a technical report summarizing the results of (i) the feasibility study completed for ISR mining of the high-grade Phoenix uranium deposit and (ii) a cost update to the 2018 Pre-Feasibility Study for conventional underground mining of the basement-hosted Gryphon uranium deposit. More information on the studies is available in the technical report titled "NI 43-101 Technical Report on the Wheeler River Project Athabasca Basin, Saskatchewan, Canada" dated August 8, 2023, with an effective date of June 23, 2023, a copy of which is available on Denison's website and under its profile on SEDAR+ at and on EDGAR at Based on the respective studies, both deposits have the potential to be competitive with the lowest cost uranium mining operations in the world. Permitting efforts for the planned Phoenix ISR operation commenced in 2019 and several notable milestones were achieved in 2024 with the submission of federal licensing documents and the acceptance of the final form of the project's Environmental Impact Statement by the Province of Saskatchewan and the Canadian Nuclear Safety Commission. Denison is a uranium mining, exploration and development company with interests focused in the Athabasca Basin region of northern Saskatchewan, Canada. In addition to Denison's effective 95% interest in its flagship Wheeler River Project, Denison's interests in Saskatchewan also include a 22.5% ownership interest in the McClean Lake Joint Venture ("MLJV"), which includes unmined uranium deposits (planned for extraction via the MLJV's SABRE mining method starting in 2025) and the McClean Lake uranium mill (currently utilizing a portion of its licensed capacity to process the ore from the Cigar Lake mine under a toll milling agreement), plus a 25.17% interest in the Midwest Joint Venture's Midwest Main and Midwest A deposits, and a 70.55% interest in the Tthe Heldeth Túé ("THT") and Huskie deposits on the Waterbury Lake Property. The Midwest Main, Midwest A, THT and Huskie deposits are located within 20 kilometres of the McClean Lake mill. Taken together, Denison has direct ownership interests in properties covering ~384,000 hectares in the Athabasca Basin region. Additionally, through its 50% ownership of JCU (Canada) Exploration Company, Limited ("JCU"), Denison holds additional interests in various uranium project joint ventures in Canada, including the Millennium project (JCU, 30.099%), the Kiggavik project (JCU, 33.8118%), and Christie Lake (JCU, 34.4508%). In 2024, Denison celebrated its 70th year in uranium mining, exploration, and development, which began in 1954 with Denison's first acquisition of mining claims in the Elliot Lake region of northern Ontario. Qualified Persons The technical information contained in this press release has been reviewed and approved by Chad Sorba, Denison's Vice President Technical Services & Project Evaluation, who is a Qualified Persons in accordance with the requirements of NI 43-101. Cautionary Statement Regarding Forward-Looking Statements Certain information contained in this news release constitutes 'forward-looking information', within the meaning of the applicable United States and Canadian legislation, concerning the business, operations and financial performance and condition of Denison. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as 'potential', 'plans', 'expects', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates', or 'believes', or the negatives and/or variations of such words and phrases, or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will ' ' be taken', 'occur' or 'be achieved'. In particular, this news release contains forward-looking information pertaining to the following: scope, objectives and interpreted results of the Gryphon delineation program; future plans, including potential future exploration potential and metallurgical test programs; and expectations regarding its joint venture ownership interests and the continuity of its agreements with its partners and third parties. Statements relating to 'mineral reserves' or 'mineral resources' are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral reserves and mineral resources described can be profitably produced in the future. Forward looking statements are based on the opinions and estimates of management as of the date such statements are made, and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Denison to be materially different from those expressed or implied by such forward-looking statements. For example, the modelling and assumptions upon which the plans for Wheeler River are based may not be maintained after further work is completed. In addition, Denison may decide or otherwise be required to discontinue testing, evaluation and other work if it is unable to maintain or otherwise secure the necessary resources (such as testing facilities, capital funding, regulatory approvals, etc.). Denison believes that the expectations reflected in this forward-looking information are reasonable but no assurance can be given that these expectations will prove to be accurate and results may differ materially from those anticipated in this forward-looking information. For a discussion in respect of risks and other factors that could influence forward-looking events, please refer to the factors discussed in Denison's Annual Information Form dated March 2 8, 2025 or subsequent quarterly financial reports under the heading 'Risk Factors'. These factors are not, and should not be construed as being exhaustive. Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Any forward-looking information and the assumptions made with respect thereto speaks only as of the date of this news release. Denison does not undertake any obligation to publicly update or revise any forward-looking information after the date of this news release to conform such information to actual results or to changes in Denison's expectations except as otherwise required by applicable legislation SOURCE Denison Mines Corp.
Business Wire
15-07-2025
- Health
- Business Wire
Elucid Applauds CMS Inclusion of Coronary CTA with Plaque Analysis in 2026 Proposed Medicare Physician Fee Schedule
BOSTON--(BUSINESS WIRE)-- Elucid, an AI medical technology company focused on providing physicians with a more precise view of atherosclerosis to drive patient-specific therapeutic decisions, today released a statement commending U.S. Centers for Medicare & Medicaid Services (CMS) for the inclusion of a Category I CPT code for coronary plaque analysis and a national Medicare average payment amount of over $1,000, pending the final Medicare Physician Fee Schedule (PFS) ruling, which will come out in November. 'Elucid is encouraged by the addition of the Category I CPT code and payment level for coronary CTA with plaque analysis in the Calendar Year 2026 Medicare Physician Fee Schedule proposed rule,' said Elucid CEO Kelly Huang, PhD. Cardiovascular disease continues to be a critical public health issue in the United States, remaining the leading cause of death nationwide. In 2022, heart disease claimed over 700,000 lives—nearly 1 in every 5 deaths—underscoring the urgent need for early detection and intervention. 1 Despite advances, many high‑risk patients remain undiagnosed until they experience serious cardiac events. The proposed rule by CMS marks a significant step toward broader access to innovative, evidence-based imaging tools that help identify high-risk cardiovascular patients earlier and more accurately. 'Elucid is encouraged by the addition of the Category I CPT code and payment level for coronary CTA with plaque analysis in the Calendar Year 2026 Medicare Physician Fee Schedule proposed rule,' said Elucid CEO Kelly Huang, PhD. 'We commend CMS for ensuring that the proposed payment level reflects the clinical value, technological investment, and expertise needed to perform this service, enabling Medicare beneficiaries to access this technology.' Coronary computed tomography angiography (CTA) with plaque analysis offers invaluable insights into plaque burden, composition, and morphology, enabling earlier and more accurate identification of high-risk patients who may benefit from targeted medical therapy and lifestyle interventions. Numerous studies have demonstrated that such non-invasive imaging enhances risk stratification and clinical decision-making while reducing the need for more invasive and costly diagnostic procedures. 'Elucid remains optimistic as we await the final publication of the code and payment, effective January 1, 2026,' said Huang. 'We recognize the efforts of societies and physician organizations collaborating with the AMA and CMS to reach an appropriate payment level. We look forward to continued cooperation to enhance patient outcomes and access.' The proposed rule outlines payment policies and rates for services furnished under Medicare Part B. The inclusion of coronary CTA with plaque analysis represents a significant advancement for precision cardiovascular care. It follows a new CMS rule that went into effect January 1, 2025, which doubled the amount paid to hospitals and outpatient clinics who perform cardiac CT scans from $175 to $357. This has already allowed more hospitals, particularly those in non-urban areas, to be able to offer this service, reducing disparities in care. About Elucid Elucid is a Boston-based AI medical technology company dedicated to developing technology designed to provide physicians with a more precise view of atherosclerosis (coronary plaque buildup), the root cause of cardiovascular disease. The company's PlaqueIQ TM image analysis software is designed to help physicians prioritize and personalize treatment based on actual disease, rather than population-based risk of disease. PlaqueIQ includes the only FDA-cleared computed tomography angiography (CTA) algorithm that objectively quantifies plaque morphology validated against ground truth histology, the gold standard for characterization of plaque, as indicated by renowned pathologists. PlaqueIQ equips physicians with critical information regarding the type and amount of plaque in arteries that can lead to heart attack and stroke. Elucid is also pursuing an indication for FFR CT, derived from its plaque algorithm, to help identify coronary blockages and the extent of ischemia non-invasively. For more information, visit
West Australian
14-07-2025
- Business
- West Australian
Viridis locks in leadership to push Brazil rare earths production
Viridis Mining & Minerals has locked in its leadership team for the final push towards production at its aptly named Colossus rare earths project in Brazil, with the appointment of chief executive officer Rafael Moreno as a board member and managing director. The move comes on the back of an industry-leading pre-feasibility study (PFS) released by the company last week, which positions Colossus as one of the world's lowest cost and most economically robust rare earth operations. The PFS revealed a pre-tax net present value of US$1.41 billion (A$2.14 billion) and a C1 operating cost of just US$6.20 a kilogram total rare earth oxides (TREO), which would cement Colossus as the lowest-cost rare earth producer globally. With projected revenues of US$5.64 billion (A$8.62 billion) over a 20-year mine life and annual operating cashflow of US$197 million (A$298 million) at a conservative US$90/kg neodymium-praseodymium price, the project remains resilient even at today's depressed spot price of US$63/kg. It will deliver US$2.568 billion (A$3.89 billion) in cash flow. Since joining Viridis early last year, Moreno has overseen the Colossus project from an exploration opportunity into a development asset with government support and global supply interests. With more than 23 years of experience in energy and mining, including leadership roles at Argosy, Santos, INPEX and ConocoPhillips, Moreno has managed projects with budgets of more than US$2 billion and delivered many capital project successes. Moreno's leadership comes at a critical juncture as Viridis advances key near-term priorities. Following the blockbuster PFS, the company says it is fast-tracking technical work for a subsequent installation licence already underway, while financing and offtake discussions heat up. Leveraging the de-risked economics to attract strategic investors, the company already has the Brazilian government on side as it reaches out to global banks to secure Western rare earths production in a tightening supplier landscape. Viridis now moves into the critical definitive feasibility study and final investment decision phases, where execution becomes paramount. The company says its targeted metallurgical test program to enhance recoveries, which will underpin the definitive feasibility study, is set to commence shortly. Viridis' momentum comes at a perfect time as the West scrambles to secure non-Chinese rare earth supplies, underscored by a recent US Department of Defence announcement of a US$400 million investment into the rare earths industry via the nation's Mountain Pass mine in California, where it will set an enticing US$110/kg neodymium-praseodymium price floor. And despite depressed rare earth prices, the industry is humming. Thanks to Colossus' access to a 100 per cent hydro and solar-powered grid and nearby infrastructure in Poços de Caldas, the project's cost advantages and global strategic importance are near unrivalled in the ionic clay rare earths environment. With Brazilian government support secured through a R$5 billion (A$1.37 billion) strategic minerals program in June, Viridis looks comfortably placed with Moreno at the helm to cash in on the surging demand for magnet rare earths. As the company transitions to execution under Moreno's leadership, Colossus looks set to redefine the global rare earths market, delivering unmatched economics and strategic value in a supply-constrained world. Is your ASX-listed company doing something interesting? Contact:
West Australian
09-07-2025
- Business
- West Australian
Viridis forecasts world's lowest-cost rare earths project in Brazil
Viridis Mining & Minerals has dropped an industry-leading prefeasibility study (PFS) for its flagship Colossus rare earths project in Brazil, unveiling economics that position it as one of the most financially robust and lowest-cost rare earths operations globally. With a pre-tax net present value of US$1.41 billion (A$2.14 billion) and a potentially cheapest-in-class operating cost, Colossus looks a chance to redefine the Western rare earths supply chains despite depressed rare earths pricing. The company's PFS projects a staggering US$5.64 billion (A$8.62 billion) in total revenue over a 20-year mine life at a what it says is a conservative base case price of US$90 a kilogram for the high demand battery metals neodymium-praseodymium. Even at today's depressed spot price of US$63/kg, the project delivers an impressive US$2.568 billion (A$3.89 billion) in cashflow, underscoring its resilience across market cycles. Annual operating cashflow is forecast at US$197 million (A$298 million) in the base case, soaring to US$260 million (A$394 million) under an upside scenario of US$111/kg neodymium-praseodymium. The figures project a juicy bump up from Viridis' tabled scoping study earlier this year. Driven by optimised mine planning and reduced capital costs, the new figures deliver a staggering 65 per cent improvement on the preliminary scoping study numbers. Initial capital expenditure is estimated at a lean US$286 million (A$434 million), with total capex coming in at US$358 million (A$542 million). Operating costs are where Colossus truly shines. With a C1 operating cost of just US$6.20/kg total rare earth oxides (TREO) and an all-in sustaining cost of US$9.30/kg, the project would sit firmly as the lowest cost producer of rare earths globally. The cost advantage stems from the project's true ionic adsorption clay mineralisation, enabling a simple ammonium sulphate leaching process with high recoveries from very low intensity acid inputs. The PFS evaluates a 5 million tonne per annum production facility, targeting high-grade mineral rare earth oxide (MREO) deposits in the project's Northern Concessions and Cupim South tenements. Annual production is expected to yield 9448 tonnes TREO, including 3518 tonnes of high-value MREO, with a premium basket price of US$43/kg TREO. As its name would portent, Colossus is not some small-scale, low-cost, low-capex rare earths project. The resource hosts a compelling 493Mt at 2508 parts per million (ppm) TREO, with 601ppm MREO, of which only 20 per cent is utilised in the PFS' immense 20-year mine life. Despite Viridis' modest $50 million market cap its study figures compare very favourably to Brazil rare earths kin and $250 million plus market cap Meteoric Resources. Colossus stands shoulder-to-shoulder with Meteoric's Caldeira project as a potential global leader in ionic clay rare earths. With Viridis' study showcasing similarly benchmark low operating costs and an even lower capex of US$358 million vs. Caldeira's US$400–420 million. The company says a large play card for its lowest operating cost mining potential is the project's access to a 100 per cent from hydro and solar-power grid, coupled with its proximity to established infrastructure in the Brazilian municipality of Poços de Caldas. Viridis says it is deep in advanced offtake and financing discussions, with the project's premium MREC product, which is low in impurities and rich in MREO attracting significant interest from global refineries. As geopolitical tensions underscore the need for non-Chinese rare earth supplies, Viridis is emerging as a linchpin in the Western critical minerals landscape. With unmatched economics, a scalable resource and a de-risked development pathway, Colossus looks set to become a cornerstone of global rare earth production. Is your ASX-listed company doing something interesting? Contact:
Yahoo
26-06-2025
- Business
- Yahoo
A Look Back at Regional Banks Stocks' Q1 Earnings: Provident Financial Services (NYSE:PFS) Vs The Rest Of The Pack
As the craze of earnings season draws to a close, here's a look back at some of the most exciting (and some less so) results from Q1. Today, we are looking at regional banks stocks, starting with Provident Financial Services (NYSE:PFS). Regional banks, financial institutions operating within specific geographic areas, serve as intermediaries between local depositors and borrowers. They benefit from rising interest rates that improve net interest margins (the difference between loan yields and deposit costs), digital transformation reducing operational expenses, and local economic growth driving loan demand. However, these banks face headwinds from fintech competition, deposit outflows to higher-yielding alternatives, credit deterioration (increasing loan defaults) during economic slowdowns, and regulatory compliance costs. Recent concerns about regional bank stability following high-profile failures and significant commercial real estate exposure present additional challenges. The 105 regional banks stocks we track reported a mixed Q1. As a group, revenues missed analysts' consensus estimates by 1.6%. In light of this news, share prices of the companies have held steady as they are up 5% on average since the latest earnings results. Founded in 1839 and serving communities across New Jersey, Pennsylvania, and New York, Provident Financial Services (NYSE:PFS) operates a regional bank providing commercial, residential, and consumer lending alongside wealth management and insurance services. Provident Financial Services reported revenues of $208.8 million, up 82.4% year on year. This print exceeded analysts' expectations by 0.5%. Overall, it was a satisfactory quarter for the company with a decent beat of analysts' tangible book value per share estimates. Anthony J. Labozzetta, President and Chief Executive Officer commented, 'With the integration of Lakeland behind us, we are starting to see the benefits of the transaction come to fruition. We are very pleased with our first quarter financial results and encouraged by the promising start to the year. Despite ongoing uncertainty in the markets, our core businesses, credit quality and risk management remain strong. Our team is focused on building the business, delivering exceptional customer service and creating value for all stakeholders while remaining agile in this rapidly changing economic and regulatory environment." Provident Financial Services achieved the fastest revenue growth of the whole group. The results were likely priced in, however, and the stock is flat since reporting. It currently trades at $16.90. Is now the time to buy Provident Financial Services? Access our full analysis of the earnings results here, it's free. Founded in 1784 as one of the oldest banks in the Western Hemisphere, Butterfield Bank (NYSE:NTB) provides banking, wealth management, and trust services to individuals and businesses in select offshore financial centers including Bermuda, Cayman Islands, and the Channel Islands. Butterfield Bank reported revenues of $147.8 million, up 3.7% year on year, outperforming analysts' expectations by 4.4%. The business had a stunning quarter with a solid beat of analysts' net interest income estimates and an impressive beat of analysts' EPS estimates. The market seems content with the results as the stock is up 4.4% since reporting. It currently trades at $44.30. Is now the time to buy Butterfield Bank? Access our full analysis of the earnings results here, it's free. Originally focused on traditional banking before pivoting to serve the transportation sector, Triumph Financial (NASDAQ:TFIN) provides specialized financial services to the trucking industry, including payments processing, factoring, banking, and data intelligence solutions. Triumph Financial reported revenues of $100.8 million, flat year on year, falling short of analysts' expectations by 3.8%. It was a disappointing quarter as it posted a significant miss of analysts' tangible book value per share and net interest income estimates. Interestingly, the stock is up 12.5% since the results and currently trades at $56.05. Read our full analysis of Triumph Financial's results here. Tracing its roots back to 1902 when it began serving coastal New Jersey communities, OceanFirst Financial (NASDAQ:OCFC) operates as a regional bank holding company that provides commercial and consumer banking services primarily in New Jersey and surrounding metropolitan areas. OceanFirst Financial reported revenues of $97.91 million, flat year on year. This print surpassed analysts' expectations by 2.1%. It was a strong quarter as it also produced a solid beat of analysts' tangible book value per share and net interest income estimates. The stock is up 4.3% since reporting and currently trades at $17.17. Read our full, actionable report on OceanFirst Financial here, it's free. Dating back to 1858 as Hawaii's oldest bank with deep roots in the Pacific island communities, First Hawaiian (NASDAQ:FHB) operates a full-service community bank providing deposit accounts, commercial and consumer loans, credit cards, and wealth management services across Hawaii, Guam, and Saipan. First Hawaiian Bank reported revenues of $211 million, up 2.5% year on year. This result beat analysts' expectations by 0.6%. Zooming out, it was a mixed quarter as it also recorded a narrow beat of analysts' net interest income estimates but EPS in line with analysts' estimates. The stock is up 4.1% since reporting and currently trades at $24.26. Read our full, actionable report on First Hawaiian Bank here, it's free. As a result of the Fed's rate hikes in 2022 and 2023, inflation has come down from frothy levels post-pandemic. The general rise in the price of goods and services is trending towards the Fed's 2% goal as of late, which is good news. The higher rates that fought inflation also didn't slow economic activity enough to catalyze a recession. So far, soft landing. This, combined with recent rate cuts (half a percent in September 2024 and a quarter percent in November 2024) have led to strong stock market performance in 2024. The icing on the cake for 2024 returns was Donald Trump's victory in the U.S. Presidential Election in early November, sending major indices to all-time highs in the week following the election. Still, debates around the health of the economy and the impact of potential tariffs and corporate tax cuts remain, leaving much uncertainty around 2025. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Sign in to access your portfolio
