Mortgage Blog

The local firm said it expected $70 million in 2022 revenue.

Ardelyx Inc. CEO Mike Raab was pretty confident that his company's dialysis drug would be approved. By the time the U.S. Food and Drug Administration handed down its decision late Tuesday, Waltham-based Ardelyx had already hired around 60 salespeople.

The bank's commercial real estate loan portfolio continued to shrink in the third quarter as part of of the bank's ongoing effort to change its loan mix.

Despite topping Wall Street estimates, Equity Bancshares' earnings and revenue were both down year over year.

State Street CEO Ronald O'Hanley told investors Wednesday that the bank faced economic headwinds this quarter, including global central bank rate hikes and investor concerns about a prolonged higher interest rate environment and an economic “hard landing.”

The price of many types of insurance is on the rise, but that's not the only insurance problem many small businesses are facing.

Founded in 2014, the digital insurance agency on average doubled revenue each of the last five years, according to a news release, and profit has increased by more than 60% over last year.

Citizens Financial Group is “playing defense and maintaining a strong balance sheet” as it navigates banking industry uncertainty, Citizens CEO and chairman Bruce Van Saun said Wednesday during a Q3 earnings call.

The raise was made in “connection with a business combination transaction, such as a merger, acquisition or exchange offer.”

Investors in the six-year-old company include Boehringer Ingelheim and Illumina Ventures.