Bankers and financial advisers may have slightly different perspectives on what 2023 may bring, but taken together, they paint a diverse picture of what could happen with money matters in the new year.   As we enter the new year, banks are adjusting to the historically rapid rise in the Federal Reserve’s key interest rate, said Peter Gwaltney, president and CE ...

Earlier this month, PBMares LLP officially acquired RSM US LLP’s local Wilmington accounting office.  With a staff of 30, including 13 certified public accountants, the firm is the second-largest in the Wilmington region, according to recent Greater Wilmington Business Journal survey results.  The Wilmington office is PBMares’ 13th overall and t ...

Live Oak Bancshares, parent of Wilmington-based Live Oak Bank, announced Friday morning that it is changing its stock trading partner. The company, which has traded its voting common stock on the Nasdaq since it went public in July 2015, will transfer the listing of that stock to the New York Stock Exchange beginning Dec. 14 of this year. Live Oak Bancshares wil ...

In June, Pittsburgh, Pennsylvania-based F.N.B. Corp., with three First National Bank (FNB) branches in the Wilmington market, announced the signing of a merger agreement with UB Bancorp.    UB, headquartered in Greenville, North Carolina, has one Wilmington location of its subsidiary, Union Bank. At the time, FNB officials stated an expected end-of-year complet ...

nCino touted its growing revenues during the company’s third-quarter earnings call Wednesday afternoon. Company Chairman and CEO Pierre Naudé noted that nCino, the cloud-based digital systems provider for the financial industry, generated $105.3 million in total revenues for the third quarter of FY 23, which ended Oct. 31. This amount represented a 50% incr ...

Evidence of nCino’s growth was on full display Thursday as the banking software company cut the ribbon on its newest office building in the Mayfaire office park. nCino 2, as it’s called, boasts 90,000 square feet of office space and contains conference rooms, cubicles, offices for business visitors, a kitchen and a “stairtorium,” an amphitheater- ...

The end of 2022 is approaching, as holiday displays and – perhaps – reminders from accountants and other tax professionals make all too clear. This month, three financial advisers offer their perspectives on money matters for the remainder of the year.   Scott Winslow, Managing Partner, Nabell Winslow Wealth Management   “In financial planni ...

Wilmington-based Live Oak Bancshares released an upbeat quarterly earnings report last week, with results that beat analysts’ expectations. “LOB came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.45 per share,” Zacks Equity Research reported Oct. 26. “This compares to earnings of $0.76 per share a year ...

The frenzy that drove the area’s residential real estate market has relaxed somewhat in the past two months, thanks to climbing mortgage interest rates and a growing inventory of homes for sale.   “The Fed wants to slow down inflation. One of the largest contributors has been the housing market as it is the largest asset purchase most Americans make,&rdq ...

An upcoming ribbon-cutting event at the Wilmington Chamber of Commerce both celebrates the entry of Customers Bank into the area market and provides an opportunity for the bank to report on its first nine months.   On Monday, the chamber will host an event on its lawn to mark the occasion and give Customers’ local staff an opportunity to thank those who have w ...