Latest news with #Territorial
Business Wire
15-07-2025
- Business
- Business Wire
Cyware and Carahsoft Partner to Deliver Operationalized Threat Intelligence to State, Local, Tribal and Territorial Agencies
NEW YORK & RESTON, Va.--(BUSINESS WIRE)-- Cyware, the industry leader in threat intelligence operationalization, collaboration and orchestrated response, and Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, today announced a strategic partnership. Under the agreement, Carahsoft will serve as Cyware's Public Sector distributor, making Cyware's solutions available to State, Local, Tribal and Territorial (SLTT) agencies through Carahsoft's reseller partners and National Association of State Procurement Officials (NASPO) ValuePoint, The Interlocal Purchasing System (TIPS), OMNIA Partners, E&I Cooperative Services Contract and The Quilt contracts. As cyberattacks on public infrastructure increase in scale and complexity, organizations face mounting pressure to improve threat visibility, coordination and response — often with limited resources and fragmented systems. SLTT agencies play a foundational role in the nation's cyber resilience, and this partnership streamlines the path to stronger, AI-powered defenses. 'SLTT agencies are on the front lines of today's cyber battlefield, yet they're often underserved when it comes to advanced defense capabilities,' said Tom Stockmeyer, Managing Director of Government at Cyware. 'Our partnership with Carahsoft ensures these agencies can rapidly access and implement Cyware's AI-driven solutions. It's about delivering meaningful outcomes, better protection, faster response and stronger community resilience.' Cyware empowers agencies through unified threat intelligence ingestion, sharing and response — integrated with key Public Sector resources such as the Cybersecurity and Infrastructure Security Agency (CISA)'s Automated Indicator Sharing (AIS) program, and multiple Information Sharing and Analysis Centers (ISACs), including MS-ISAC and Health-ISAC. The platform supports real-time collaboration and automation across cyber operations, enabling SLTT organizations to act faster and with greater precision to strengthen their cyber defenses. 'Our partnership with Carahsoft is a significant step forward in empowering SLTT agencies with the right tools to defend against cyber threats,' said Shashi Nair, Head of Channel at Cyware. 'By combining Carahsoft's trusted procurement channels with Cyware's cutting-edge solutions, we're making it easier for these agencies to quickly adopt and operationalize threat intelligence and response capabilities. This collaboration will help streamline the path to stronger, more resilient cybersecurity for our Public Sector partners.' Cyware's solutions are designed to address the unique needs of Public Sector teams, with support for specific Government use capabilities such as ACS Markings, flexible deployment options (cloud or on-premise), scalability for agencies of all sizes, and alignment with key compliance initiatives. Cyware is currently 'StateRAMP In Process' and supports SLTT teams leveraging the State and Local Cybersecurity Grant Program (SLCGP) and other funding vehicles. 'Cyware's solutions are a valuable addition to Carahsoft's cybersecurity portfolio for the Public Sector,' said Michael Shrader, Vice President of Intelligence and Innovative Solutions. 'We're proud to work with our resellers to support SLTT customers in their efforts to modernize their cyber defenses with AI-powered tools that improve intelligence sharing, collaboration and incident response.' Cyware's solutions are available through Carahsoft's NASPO ValuePoint Master Agreement #AR2472, TIPS Contract #220105, OMNIA Partners Contract #R191902, E&I Contract #EI00063~2021MA and The Quilt Master Service Agreement Number MSA05012019-F. For more information, contact the Carahsoft Team at (703) 871-8548 or Cyware@ or read this blog, Bridging the Threat Intelligence Gap: Why SLTT Governments Can't Afford to Wait. About Cyware Cyware is leading the industry in operational threat Intelligence and collective defense, helping security teams transform threat intelligence from fragmented data points to actionable, real-time decisions. We unify threat intelligence management, intel sharing and collaboration, as well as hyper-orchestration and automation — eliminating silos and enabling organizations to outmaneuver adversaries faster and more effectively. From enterprises to government agencies and ISACs, Cyware empowers defenders to turn intelligence into impact. About Carahsoft's Cybersecurity Solutions Portfolio Carahsoft's Cybersecurity solutions portfolio includes leading and emerging technology vendors that enable organizations to defend against cyber threats, manage risk and achieve compliance. Supported by dedicated Cybersecurity product specialists and an extensive ecosystem of resellers, integrators and service providers, we help organizations identify the right technology for unique environments and provide access to technology solutions through our broad portfolio of contract vehicles. The cybersecurity portfolio spans solutions for Supply Chain Risk Management, Cloud Security, Network & Infrastructure, Identity & Access Management, Risk & Compliance and more, ensuring comprehensive protection for organizations' cyber ecosystems. Explore Carahsoft's Cybersecurity Solutions for Government here. About Carahsoft Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider, supporting Public Sector organizations across Federal, State and Local Government agencies and Education and Healthcare markets. As the Master Government Aggregator® for our vendor partners, we deliver solutions for Cybersecurity, MultiCloud, DevSecOps, Artificial Intelligence, Customer Experience and Engagement, Open Source and more. Working with resellers, systems integrators and consultants, our sales and marketing teams provide industry leading IT products, services and training through hundreds of contract vehicles. Visit us at
Yahoo
24-06-2025
- Business
- Yahoo
HOPE Q1 Deep Dive: Loan Growth Outlook and Territorial Merger Integration Define 2025 Strategy
Regional banking company Hope Bancorp (NASDAQ:HOPE) announced better-than-expected revenue in Q1 CY2025, but sales fell by 5.5% year on year to $116.5 million. Its non-GAAP profit of $0.19 per share was in line with analysts' consensus estimates. Is now the time to buy HOPE? Find out in our full research report (it's free). Revenue: $116.5 million vs analyst estimates of $115.4 million (5.5% year-on-year decline, 0.9% beat) Adjusted EPS: $0.19 vs analyst estimates of $0.19 (in line) Market Capitalization: $1.3 billion Hope Bancorp's first quarter was marked by stable asset quality and a positive market response, as revenue modestly exceeded Wall Street's expectations despite a year-over-year decline. CEO Kevin Kim attributed the quarter's performance to disciplined expense management, improved net charge-offs, and targeted focus on deposit mix enhancements. The completion of the Territorial Bancorp merger added low-cost deposits and high-quality residential mortgage loans, which management highlighted as a key contributor to Hope Bancorp's strengthened capital position. CFO Julianna Balicka emphasized that noninterest income also gained momentum due to continued growth across several fee-based business lines. Turning to the remainder of the year, Hope Bancorp's outlook centers on high single-digit loan growth, with the addition of the Territorial franchise and new hires supporting expansion in specialized lending verticals. Management cited opportunities from increased direct investments by Korean companies in the U.S. as a potential driver of loan demand, particularly in sectors like healthcare, project finance, and structured finance. CEO Kevin Kim cautioned that macroeconomic uncertainty and fluctuating interest rates could temper results, but reaffirmed a commitment to prudent balance sheet growth, stating, 'We remain focused on supporting our customers while navigating an evolving external environment.' Management pointed to the successful integration of the Territorial merger and a shift in deposit and loan mix as major themes impacting first quarter results and ongoing strategy. Territorial merger completed: The acquisition of Territorial Bancorp closed in early April, bringing $1.7 billion in stable, low-cost deposits and $1 billion of high-quality residential mortgage loans. Management believes this strengthens Hope Bancorp's funding base and supports future loan growth. Deposit mix improvement: Customer deposits increased, while brokered deposits—typically more expensive and less stable—were intentionally reduced to below 7% of total deposits, reflecting a strategic focus on core funding sources. Expense discipline maintained: Noninterest expense, excluding notable items, was down year-over-year due to ongoing cost management, though quarter-over-quarter expenses rose on seasonal payroll and benefits adjustments commonly seen in the first quarter. Loan portfolio trends: The loan book showed a 7% increase in residential mortgages, offset by declines in commercial and industrial, as well as commercial real estate lending. Competitive market pricing and selective renewals contributed to subdued net loan growth. Asset quality remains stable: Nonperforming assets and net charge-offs both improved versus the prior quarter, with management noting continued vigilance in monitoring potential credit risks, especially in the face of geopolitical and trade uncertainties. Hope Bancorp's management expects future performance to be shaped by continued loan growth in specialized sectors, successful integration of Territorial, and sensitivity to interest rate moves. Specialized lending expansion: Management is prioritizing growth in verticals such as healthcare, project finance, and structured finance, leveraging new team hires and strengthening pipelines, especially among Korean subsidiary clients investing in the U.S. Interest rate environment impact: CFO Julianna Balicka explained that both net interest income and margin will be influenced by federal rate cuts, as variable-rate loans and deposit costs offset each other. Fewer rate cuts than expected could cause modest downward pressure but are not projected to materially change guidance. Integration of Territorial operations: The merger's success depends on realizing expected accretion from Territorial's loan book and extracting cost and operational synergies. Management also highlighted the importance of growing fee-based income to offset lower net interest income projections. Looking ahead, the StockStory team will be monitoring (1) the effectiveness of integrating Territorial's operations, especially in realizing cost and revenue synergies; (2) pipeline development and loan demand—particularly from Korean subsidiaries and specialized lending groups; and (3) the bank's ability to maintain strong asset quality as macroeconomic and industry conditions evolve. Growth in fee-based income lines will also be a key area of focus. Hope Bancorp currently trades at $10.36, up from $9.57 just before the earnings. At this price, is it a buy or sell? See for yourself in our full research report (it's free). Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today.
Business Journals
23-04-2025
- Business
- Business Journals
Territorial Savings' new holding company Hope Bancorp reports Q1 earnings, merger impact
Hope Bancorp Inc. shared preliminary estimates on what its merger with Territorial Savings means for the company. Story Highlights Hope Bancorp discussed its acquisition of Territorial Savings Bank during its Q1 earnings call. Hope acquired Territorial in a $78.6 million deal that closed April 2. Hope Bancorp CEO Kevin Kim said the company is excited to build on "territorial's storied history." Hope Bancorp Inc. shared preliminary estimates Tuesday on what its $78.6 million acquisition of Hawaii's Territorial Bancorp Inc., in a deal that closed this month, means for the company. "We are excited by the enhanced opportunities of our combined future and look forward to building on Territorial's storied history," Kevin Kim, Hope Bancorp chairman, president and CEO, told investors during an earnings call Tuesday morning. In its first quarter earnings report, Hope Bancorp (Nasdaq: HOPE) reported net income of $21.1 million, or 17 cents per diluted common share, for the quarter ending March 31. Excluding notable items, net income for the first quarter was $22.9 million, or 19 cents per diluted common share. At the same period last year, Hope reported a net income of $25.9 million, or $0.21 per diluted common share. As of the merger close on April 2, Hope said Territorial contributed about $1.7 billion of stable low-cost deposits at a weighted average cost of 1.96% and about $1 billion, after accounting discounts, of residential mortgage loans with pristine asset quality. "Purchase accounting adjustments are preliminary, and we estimate deposits and loans net of fair value adjustments," Angie Yang, Hope Bancorp senior vice president and director of investor relations and corporate communications, said during the call. As part of the Territorial acquisition, Hope issued nearly 7 million shares worth $73 million. Hope said that at the transaction's closing, Territorial had $87 million in cash and cash equivalents and its investment securities portfolio was sold at a market value of $531 million. Additionally, most of Territorial's $161 million in Federal Home Loan Bank borrowings was paid off leaving a remainder of $36 nonperforming assets totaled less than $2 million. Hope expects one-time merger charges of $18 million in the next quarter due to the acquisition. Its updated income accretion income expectations for 2025 are $14 million. Ending March 31, Hope's total deposits were $14.5 billion, a 1% increase from the prior quarter. In Q1 last year, total deposits were $14.8 billion. The company reported $17.07 billion in assets.
Yahoo
07-04-2025
- Entertainment
- Yahoo
Mexican President Reacts to Fatal Accident at AXE Ceremonia Festival: ‘There Should Be No Impunity'
Mexican president Claudia Sheinbaum expressed her condolences on Monday (April 7) over the deaths of two photographers on Saturday (April 5) during the AXE Ceremonia music festival in Mexico City. The president said her government would review the license granted to the venue at Parque Bicentenario. 'We regret and send our solidarity to the families of those who lost their lives in this accident,' Sheinbaum said during her morning press conference. 'Beyond the fact that it was an accident, we need to look into how the equipment that fell was set up. An investigation needs to be carried out. There should be no impunity in this case.' More from Billboard AXE Ceremonia Festival in Mexico Suspended After Crane Collapse Leaves Two Dead Dave Allen, Former Gang of Four Bassist, Dies at 69 'Billy Joel: And So It Goes' Documentary Set for 2025 Tribeca Festival Premiere Photographers Miguel Ángel Rojas Hernández and Citlali Berenice Giles Rivera died over the weekend when a crane carrying a decorative metal object collapsed during the festival. The accident prompted city authorities to cancel the second day of the event on Sunday (April 6). The attorney general's office of Mexico City announced the start of an investigation.. Sheinbaum noted that the mayor's office of Miguel Hidalgo, the borough where Parque Bicentenario is located, is responsible for authorizing such events, regardless of the federal ownership of the property. As a result, she instructed the Secretariat of Agrarian, Territorial, and Urban Development (SEDATU) to review the venue's license, assess the conditions under which it was granted, and determine whether it is feasible to revoke their license. Earlier on Monday, the AXE Ceremonia festival released a statement on the fatal accident, extending its condolences to the victims' loved ones. 'From the very first moment, we have been by the families' side, providing them with all the support and assistance we can,' it reads. British band Massive Attack, who, along with rapper Tyler, the Creator, headlined the festival on Sunday, joined in expressing their condolences on social media over the deaths of the photographers. 'We are shocked and saddened by the tragic and avoidable deaths of Berenice Giles and Miguel Hernández. Our thoughts are with their families and friends during this difficult time,' the band said in their Instagram Stories. On Sunday (April 6), friends of the two victims, photographers, journalists, content creators, and members of the public held a protest outside Parque Bicentenario to honor them and demand that there be no impunity in the investigation. 'There wasn't any clarity about what had happened until we left the event. It's absolutely devastating,' Mexican artist Luisa Almaguer, who performed as part of Saturday's lineup at AXE Ceremonia, told Billboard Español. 'The show definitely should not have continued.' On Monday, the funerals for Miguel Ángel Rojas and Berenice Giles were held in Mexico City, according to reports from the N+ Foro news channel. Best of Billboard Chart Rewind: In 1989, New Kids on the Block Were 'Hangin' Tough' at No. 1 Janet Jackson's Biggest Billboard Hot 100 Hits H.E.R. & Chris Brown 'Come Through' to No. 1 on Adult R&B Airplay Chart
Yahoo
04-04-2025
- Business
- Yahoo
Hope Bancorp completes merger with Territorial
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Los Angeles-based Hope Bancorp has completed its merger with Honolulu-based Territorial Bancorp, Hope announced Wednesday. Hope received regulatory nod last month – nearly a year after the lender announced its intention to buy Territorial for $78.6 million in stock. Territorial Savings Bank will operate as Territorial Savings, a unit of Bank of Hope, the company said. 'We are excited to have completed this combination and to officially welcome Territorial customers and team members to the Bank of Hope family,' Kevin S. Kim, CEO of $17 billion-asset Hope Bancorp, said in a statement. Bank of Hope has become the largest regional bank catering to multicultural customers across the continental U.S. and Hawaii with the merger's completion, he added. Territorial shareholders will receive 0.8048 shares of Hope Bancorp common stock in exchange for each share of Territorial common stock they own, according to the press release. The deal was expected to close by the end of 2024 but faced challenges. Hope's bid for Territorial was followed by an offer from Blue Hill Advisors last August. The investor group swooped in with a $12-per-share cash offer and later bumped it up to $12.50 per share – compared with the $8.82-per-share, all-stock offer from Hope. Territorial rejected Blue Hill's advances three times and postponed a shareholder vote by nearly a month to continue discussions with investors and urge them to back the acquisition by Hope. The Hawaii bank's shareholders did, and reiterated their commitment to the lender's offer. The roughly $2.17 billion-asset Territorial, which has 28 branches throughout Honolulu, will expand Hope's footprint and its reach, targeting Asian-American and Pacific Islander communities. Hope Bancorp focuses on the Korean-American market, with 46 branches in California, Washington, Texas, Illinois, New York, New Jersey, Alabama, and Georgia. In a note last month analysts at Keefe, Bruyette & Woods said Territorial 'add[s] low-cost, granular deposits, which remains a core strategy for Hope.' Recommended Reading NJ's Provident, Lakeland to merge in $1.3B deal Sign in to access your portfolio
