Mission Valley Bancorp announced its third-quarter 2024 results, showcasing a net income of $1.4 million, demonstrating the resilience of its core earnings despite a decrease in non-interest income compared to the previous year. The company attributed the decline to the absence of a grant income received in 2023. The bank also reported an increase in assets, loans, and deposits, highlighting its continued growth trajectory.
RPC, Inc., a leading oilfield services company, reported a 7% sequential decline in revenue for the third quarter of 2024, largely due to decreased activity in pressure pumping. Despite the challenges, the company remains debt-free, with a strong cash balance and a commitment to continued dividend payments. RPC also highlights its focus on expanding its innovative new products and services in coiled tubing and downhole tools.
