Green and Louisiana Tech win 85-79 in OT over Southern Illinois at Gulf Coast ShowcaseESTERO, Fla. (AP) — Al Green scored 19 points and Sean Newman Jr. added seven in the overtime as Louisiana Tech knocked off Southern Illinois 85-79 in a first-round contest at the Gulf Coast Showcase on Monday night. Green had three steals for the Bulldogs (5-0). Kaden Cooper scored 18 points and added 12 rebounds and four steals. Amaree Abram went 8 of 13 from the field to finish with 18 points, while adding six steals. Kennard Davis led the way for the Salukis (2-4) with 16 points, 10 rebounds and three steals. Southern Illinois also got 15 points and eight rebounds from Jarrett Hensley. Ali Abdou Dibba also had 12 points and two steals. Cooper scored 12 points in the first half and Louisiana Tech went into the break trailing 31-27. Abram's 16-point second half helped Louisiana Tech close out the six-point victory. NEXT UP These two teams both play Tuesday in the six-team, round-robin tournament. Louisiana Tech squares off against Richmond and Southern Illinois faces Eastern Kentucky. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .NoneKevin Durant shared a screenshot on Instagram of himself listening to Drake 's 2015 song, "30 for 30 Freestyle," from his collaboration with Future , What a Time To Be Alive . The post comes after Drake filed multiple pre-action petitions against Universal Music Group on Monday, regarding Kendrick Lamar 's hit diss track, "Not Like Us." He claims the company artificially boosted the popularity of the song, on which Lamar makes several unfounded allegations about the Toronto rapper. On "30 for 30 Freestyle," Drake raps about "higher-ups" joining forces against him. "When the higher-ups have all come together as a collective. With conspiracies to end my run and send me a message. 40, did you get the message? 'Cause I just checked my phone and I didn't get it. I mean, I'll say hats off for a solid effort," he raps to start the first verse. Read More: Kendrick Lamar “wacced out murals” Lyric Breakdown TORONTO, ON - NOVEMBER 29: Drake and Adonis look on as Kevin Durant #35 of the Phoenix. Suns walks against the Toronto. Raptors during NBA action at the Scotiabank. Arena on November 29, 2023 in Toronto, Ontario, Canada. (Photo by Andrew Lahodynskyj/Getty Images) Drake filed his pre-action petition in Manhattan court on Monday. In the filing, he alleged that UMG and Spotify worked together to artificially boost the popularity of Kendrick Lamar's viral diss track, "Not Like Us." "UMG did not rely on chance, or even ordinary business practices,” lawyers for Drake's company wrote. "It instead launched a campaign to manipulate and saturate the streaming services and airwaves." He also took legal action in Texas, further accusing UMG of defamation for not blocking the release of "Not Like Us" despite knowing the lyrical content. Durant's post about Drake comes after the Toronto rapper gave him a shout-out on his latest single, "No Face." "KD just text, 'What the f*ck are we waitin' on?' Drake remarked on the song. Check out Kevin Durant's post on Instagram below. Read More: Kendrick Lamar “Squabble Up” Music Video: 8 Key References You May Have Missed
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Arsenal and Bayern Munich secured victories in the UEFA Champions League but Manchester City squandered a three-goal lead to settle for a draw. Arsenal got back to winning ways in the competition with a commanding 5-1 victory over Sporting at Estadio Jose Alvalade. Goals by Gabriel Martinelli, Kai Havertz, Gabriel Magalhães, Bukayo Saka, and Leandro Trossard made a light walk of Gonçalo Inácio’s effort for the hosts. The result means Arsenal move up to seventh in the Champions League table while Sporting are a place behind them, with both sides on 10 points. In Germany, Bayern Munich boosted their hopes of a top-eight finish in the league phase of the competition with a 1-0 victory over Paris St-Germain. Defender Kim Min-jae scored the only goal seven minutes before the interval to condemn the French side to yet another defeat as they remain winless in the Champions League since September. Read Also: UCL: Raphinha nets hat-trick as Barca thrash Bayern; Man City, Liverpool win Elsewhere, Manchester City blew away 3-0 to draw 3-3 against Feyenoord as their wretched form continued at a stunned Etihad Stadium. Pep Guardiola’s side looked to be cruising after two goals from Erling Haaland and another from Ilkay Gundogan put the hosts into a commanding lead. But the Dutch visitors staged a stunning comeback to take a point back, with goals from Anis Hadj Moussa, Santiago Giménez, and David Hancko. Having failed to win their past six matches in all competitions, City have a huge game coming on Sunday against rivals Liverpool. City are 15th in the Champions League table after dropping seven points from five matches. In the other Champions League ties of Tuesday, Barcelona thrashed Brest 5-0, Atalanta thrashed Young Boys 6-1, Inter Milan pipped RB Leipzig 1-0. Bayer Leverkusen also thrashed RB Salzburg 5-0, Atletico Madrid hammered Sparta Prague 6-0, while AC Milan won 3-2 over hosts Slovan. Opinions Balanced, fearless journalism driven by data comes at huge financial costs. As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake. If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause. Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development. Donate NowMaxLinear director Ted Tewksbury sells $89,110 in stockDetails of the per unit distribution amounts are as follows: Final Annual Distributions of Income ETF Series unitholders of record at the close of business on December 31, 2024 will receive the 2024 annual income distributions on January 7, 2025. The ex-distribution date for the 2024 annual income distributions will be December 31, 2024. Purpose expects to announce the final year-end notional distribution of income for Purpose Specialty Lending Trust on or about January 24, 2025, if necessary. Final Annual Capital Gains – Notional Distributions The annual capital gains distributions for the funds listed in table above will be paid as notional distributions. With a notional distribution, the units issued from the distribution are immediately consolidated with the units held prior to the distribution. The number of units held after the distribution is therefore identical to the number of units held before the distribution. Purpose confirms that the notional capital gain distributions will be applied to ETF holders of record as at the close of business on December 23, 2024 . The ex-distribution date for the notional capital gain distributions will be December 23, 2024. Final Annual Capital Gains – Cash Distributions The respective unitholders of record on December 31, 2024 for the funds listed in the table above will receive the 2024 annual cash distributions on January 7, 2025. The ex-dividend date for the 2024 annual distributions for these ETFs (Purpose Active Balanced Fund – ETF Units, Purpose Active Growth Fund – ETF Units, and Purpose Active Conservative Fund – ETF Units) will be December 31, 2024. The actual breakdown of taxable amounts of reinvested and cash distributions for 2024 tax year, including tax factor allocations, will be reported to the brokers through CDS Clearing and Depository Services Inc. in early 2025. As an update to the press release issued on November 27, 2024, Purpose confirms that Apple (AAPL) Yield Shares Purpose ETF, Amazon (AMZN) Yield Shares Purpose ETF, NVIDIA (NVDA) Yield Shares Purpose ETF, and Microsoft (MSFT) Yield Shares Purpose ETF will not declare a special annual distribution in 2024. Purpose expects to announce the final year-end distributions for Purpose High Interest Savings Fund – ETF Units, Purpose US Cash Fund – ETF Units, Purpose Cash Management Fund – ETF Units, and Purpose USD Cash Management Fund – ETF Units on or about December 31, 2024, if necessary. Purpose expects to announce the final annual capital gain distributions for Purpose Fund Corp. and Big Banc Split Corp. on or about January 24, 2025, if necessary. Shareholders of record on January 30, 2025 will receive the annual capital gains distributions on February 5, 2025, and such capital gains will be applicable for the 2025 tax year. The final year-end capital gains distributions for these funds will be paid in cash. Purpose confirms that Purpose Mutual Funds Limited funds will not declare annual capital gain distributions for the 2024 tax year. About Purpose Investments Purpose Investments is an asset management company with more than $21 billion under management. Purpose Investments has an unrelenting focus on client-centric innovation, and offers a range of managed and quantitative investment products. Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company. For further information please contact: Keera Hart ... 905-580-1257 Commissions, trailing commissions, management fees and expenses all may be associated with investment fund investments. Please read the prospectus and other disclosure documents before investing. Investment funds are not covered by the Canada Deposit Insurance Corporation or any other government deposit insurer. There can be no assurance that the full amount of your investment in a fund will be returned to you. If the securities are purchased or sold on a stock exchange, you may pay more or receive less than the current net asset value. 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New Credit Card launched, Lifetime free and no joining feesMT. STERLING, Ohio , Dec. 20, 2024 /PRNewswire/ -- WillowWood, a global leader in prosthetic solutions, is proud to announce its receipt of the prestigious Gold Anthem Award Honor in the Product and Innovation category for its 2024 rebrand. The award recognizes the transformative collaboration with DD.NYC that has redefined WillowWood's visual identity, emphasizing its mission to improve mobility, push the forefront of the prosthetic industry, and enhance the quality of life for individuals worldwide. The Anthem Awards is the largest and most comprehensive social impact award, recognizing work across five areas of impact including Awareness, Fundraising, Community Engagement, Product, Innovation & Service, and Team & Internal Initiatives, for seven causes: Diversity Equity & Inclusion, Education Art & Culture, Health, Human & Civil Rights, Humanitarian Action & Services, Responsible Technology, and Sustainability Climate & Environment. By amplifying the voices that spark global change, the Anthem Awards are defining a new benchmark for impactful work that inspires others to take action in their own communities. With over 2,300 submissions from 44 countries around the world, 10,000+ reviews from jurors, and over 33,000 supporters in the Anthem Community Voice, the 4th Annual Anthem Award Winners were announced on November 19, 2024 . WillowWood's rebrand stood out among this global competition, showcasing an unwavering commitment to empowering prosthetic users through advanced technology and compassionate care. "This recognition is a testament to the heart and soul of WillowWood's mission and DD.NYC's commitment to reimagining brands in a way that stays true to that heart and soul," said Mahesh Mansukhani , CEO of WillowWood. "Our partnership with Digital Design NYC allowed us to craft a brand identity that not only honors our legacy but also propels us into the future. The rebrand reflects our promise to provide innovative prosthetic solutions that enhance mobility and transform lives." The creative process was a seamless collaboration between WillowWood and DD.NYC. Together, the teams developed a rebrand strategy that blends contemporary design elements with an innovation-centered focus. Key features include a revitalized logo, a cohesive color palette inspired by movement and vitality, and a redesigned website offering an intuitive user experience for clinicians and prosthetic users alike. "From the outset, we sought to encapsulate the essence of WillowWood's dedication to improving lives through innovation," said Anjelika Kour , Creative Director at DD.NYC. "The resulting rebrand is both striking and meaningful, capturing the spirit of mobility and resilience that defines WillowWood." The Gold Anthem Award underscores the significant impact of WillowWood's reimagined brand, resonating with both the prosthetics community and broader audiences. As a leader in the industry, WillowWood continues to champion inclusivity, innovation, and hope. To explore the award-winning rebrand and learn more about WillowWood's mission and products, visit willowwood.com . To learn more about the many industry-changing projects and services of DD.NYC, visit dd.nyc . About WillowWood: Based in Mount Sterling, Ohio , WillowWood Global is an industry leading designer, manufacturer, and distributor of prosthetic products, including liners, feet, vacuum systems and components. Recognized for its products' superior innovation, quality, and patient outcomes, WillowWood's portfolio includes the Alpha ® family of liners, including the first myoelectric Alpha ® Control Liner, the META ® family of feet, the LimbLogic ® vacuum system, and now the XtremityTT ® socket system. For over 117 years, WillowWood's prosthetic products have helped individuals with limb loss find comfort and functionality, remain active and live life to the fullest. About DD.NYC: DD.NYC® is an award-winning Manhattan -based creative agency specializing in branding, web design, packaging, and video storytelling. Since its founding in 2015, the agency has been recognized for its innovative approach and adaptability across industries, with a strong focus on the medical and healthcare sectors. About The Anthem Awards: Launched in 2021 by The Webby Awards, The Anthem Awards honors the purpose & mission-driven work of people, companies and organizations worldwide. By amplifying the voices that spark global change, we're defining a new benchmark for impactful work that inspires others to take action in their own communities. The Anthem Awards honors work across seven core causes: Diversity; Equity & Inclusion; Education; Art & Culture; Health; Human & Civil Rights; Humanitarian Action & Services; Responsible Technology; and Sustainability, Environment & Climate. This season's partners include Ms. Magazine, The Female Quotient, Sustainable Brands, NationSwell, and TheFutureParty. The Awards were founded in partnership with the Ad Council, Born This Way Foundation, Feeding America, Glaad, Mozilla, NAACP, NRDC, WWF, and XQ. About The Webby Awards: Hailed as the "Internet's highest honor" by The New York Times , The Webby Awards is the leading international awards organization honoring excellence on the Internet, including Websites and Mobile Sites; Video; Advertising; Media & PR; Apps & Software; Social; Podcasts; Games and AI, Metaverse & Virtual. Established in 1996, The Webby Awards received nearly 13,000 entries from all 50 states and over 70 countries worldwide this year. The Webby Awards are presented by the International Academy of Digital Arts and Sciences (IADAS). Sponsors and Partners of The Webby Awards include WP Engine, LinkedIn, Meltwater, NAACP, KPMG, Wall Street Journal, Vox Media, Deadline, AdAge, TechCrunch, The Hollywood Reporter, The Hustle, Morning Brew, Passionfruit, Embedded, Link in Bio, Creator Economy NYC, Creator Spotlight, AIGA, Vote Save America, and The Publish Press. Media contact: Marketing@willowwood.com View original content to download multimedia: https://www.prnewswire.com/news-releases/willowwood-rebrand-by-ddnyc-wins-gold-anthem-award-for-product-and-innovation-in-2024-rebrand-302337766.html SOURCE WillowWood Global
Bay FC defender and cancer survivor wins NWSL's most prestigious community award for her dedication to helping others battle the disease. Share this: Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) Click to print (Opens in new window) Click to email a link to a friend (Opens in new window) Click to share on Reddit (Opens in new window) Report an error Policies and Standards Contact Us Most Popular Dear Abby: I tell them I won’t go out after 5 p.m., and still they pressure me Dear Abby: I tell them I won't go out after 5 p.m., and still they pressure me Dear Abby: She won’t marry me because of my young hiking buddy Dear Abby: She won't marry me because of my young hiking buddy Asking Eric: I saw what my teen calls me in his phone contacts Asking Eric: I saw what my teen calls me in his phone contacts Miss Manners: The old-timers insist on their strange pronunciations for streets Miss Manners: The old-timers insist on their strange pronunciations for streets Asking Eric: After the latest drama, should I just be done with my sister? Asking Eric: After the latest drama, should I just be done with my sister? Miss Manners: I don’t know what the waiter saw, but I was embarrassed Miss Manners: I don't know what the waiter saw, but I was embarrassed Harriette Cole: Nobody understands why I won’t learn to drive Harriette Cole: Nobody understands why I won't learn to drive San Jose State volleyball faces Mountain West tourney uncertainty after loss to Fresno State San Jose State volleyball faces Mountain West tourney uncertainty after loss to Fresno State Map: Tracking the storm in the Bay Area Map: Tracking the storm in the Bay Area Dear Abby: I don’t want to spend my wedding budget on shirttail in-laws Dear Abby: I don't want to spend my wedding budget on shirttail in-laws Trending Nationally Elon Musk slams Massachusetts sanctuary cities as Natick looks to join that growing group Advance Auto Parts closing all California stores School bus driver accused of abandoning 40 elementary students miles from home San Diego toddler’s backyard snake bite bills totaled more than a quarter-million dollars Alec Baldwin wasn’t invited to ‘Rust’ premiere, incites anger of slain cinematographer’s family
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Bay FC’s Beattie wins NWSL honor for breast cancer awareness advocacyCustomers of Oregon’s largest investor-owned electric utility pay more than 40% more for their electricity today than they did just four years ago. The massive increase in such a short period has garnered scrutiny from state leaders, and calls for greater transparency about what’s truly driving the increases. Oregon’s U.S. Sen. Ron Wyden, a Democrat, issued a public letter Monday to Portland General Electric, or PGE, CEO Maria Pope requesting she provide documentation within 30 days of customer use and load growth, as well as details about how the company has spent historic federal subsidies meant to reduce ratepayer burden. In a press conference in Portland Monday focused on Medicare, Wyden said rising electricity prices is among the number one concerns he hears from Oregonians. “A lot of them feel like they’ve just been hit by a wrecking ball,” Wyden told reporters. “The people I’m hearing from are balancing the food bill, against the rent bill, against the gas bill, and there’s another PGE rate hike, apparently, on offer right now, and folks are just telling me this is not sustainable.” PGE, which serves 900,000 customers in Oregon, raised rates , on average, by 11% in 2022, 7% in 2023, and 18% in 2024. It is currently asking the Oregon Public Utilities Commission to raise rates, on average, by about 7.3% in 2025. The commission will vote on whether to approve the rate hike by the end of the year. Wyden also expressed anger at the high number of customers PGE has shutoff from electricity due to late or nonpayment. In April, three months after a cold snap in January, PGE shut off power to a record number of households – 4,700 in one month alone – due to nonpayment, according to the Citizens’ Utility Board, a watchdog group established by Oregon voters in 1984 to represent the interests of utility consumers. Representatives from PGE did not respond to a request for comment by Monday afternoon. In petitioning the Public Utilities Commission to approve their most recent rate increase, PGE officials listed capital investments, rising insurance costs, a desire for higher profit margins and increased employee pay as reasons they needed to collect more revenue from customers. The company’s stock ( POR ), is up nearly 16% over the last year, and Pope’s executive compensation has doubled in the last four years. She went from receiving more than $3.5 million in base salary and other compensation in 2020 to about $7 million in 2023, according to data from the Securities and Exchange Commission and The Oregonian / Oregon Live . ‘Blowing the whistle’ Wyden is requesting a number of details that would offer transparency about which users in the state are driving load growth, and whether they are paying for the costs of that growth or whether the company is shifting that to other small business and residential customers. He’s asked for a sector-based breakdown of all rate increases approved by the Public Utilities Commission in the last five years, and details about specific steps PGE is taking to limit cost increases across its customer base. Bob Jenks, executive director of the Citizens’ Utility Board, said that it shows Wyden, like many in the state, are concerned that PGE is charging residential customers more so that it can afford to supply a growing number of data centers with power. “One of the issues he’s getting at in those questions is the role of data centres and the industrial growth we’re seeing. We’re also concerned that may be where a lot of this rate increase is coming from,” Jenks said. Residential rates for PGE customers have gone up three times faster than rates paid by data centers, according to Jenks. The largest growth in demand for electricity in the Northwest is from data centers owned by tech companies such as Google and Amazon. Demand is growing faster than the West can supply the energy, according to regional transmission authorities. “If it wasn’t for data centers and industrial customers, PGE would have shrunk over the last 10 years,” Jenks said. Wyden is also asking for a full accounting of the number of residential customers the company has disconnected from power over the last five years, details of the total amount of federal funds – including tax incentives such as the Inflation Reduction Act – the company has received over the last five years and how those funds are being spent, with specificity for how they’re being spent to reduce customer burden. “My energy tax credits in the Inflation Reduction Act have supported PGE and utilities across the country by covering up to 30% of the cost of new clean energy installations. Can you please describe what factors are driving the increased costs you are experiencing that are not supported by those credits?” Wyden asked in the letter. The state’s two other investor-owned utilities – Pacific Power and Idaho Power – have also increased rates significantly in recent years. Pacific Power is currently asking the Public Utilities Commission to allow it to increase rates nearly 18% in 2025, for a more than 40% increase in rates since 2020. Idaho Power, which serves about 20,000 customers, was approved by the commission in November to raise its rates rates about 12% on average in 2025. Wyden said it was past time to “put the brakes on any further rate hikes.” “What I wanted to do is blow the whistle on this,” he told reporters. “That is my objective with this letter, to put the brakes on any further rate hikes. After 41%, it’s time to take a timeout and give a break to the ratepayer.” GET THE MORNING HEADLINES. SUBSCRIBE
WESTERLY, R.I. , Dec. 20, 2024 /PRNewswire/ -- Washington Trust Bancorp, Inc. (Nasdaq: WASH ) (the "Corporation"), parent company of The Washington Trust Company, of Westerly (the "Bank"), today announced Bank balance sheet repositioning transactions to support continued organic growth and capital generation. "Like many banks, we have been carrying low-yielding assets on our balance sheet following rapid increases in interest rates over the past few years. These assets have been earning interest below current market rates, which has impacted our earnings and ability to reinvest and expand our business. We had the opportunity to raise approximately $70 million in capital to support the sale of these low-yielding assets and reinvestment of the proceeds into assets with higher rates," stated Edward "Ned" O. Handy III, Washington Trust Chairman and CEO. "This will allow us to focus on growth and investment which is good for shareholders, employees, customers and the communities we serve. This has also made us even stronger financially and will set us up for improved profitability in 2025 and beyond." Pursuant to the terms of the transactions, the Bank sold approximately $409 million of available for sale debt securities with a weighted average yield of 2.65% and has agreed to sell approximately $345 million in residential mortgage loans with a weighted average rate of 3.03%. The sale of the residential mortgage loans is expected to settle in the first quarter of 2025. The Bank has also reinvested approximately $378 million into available for sale debt securities with a weighted average yield of 5.30%. Additionally, the Bank expects to pay down approximately $352 million of wholesale funding balances with an estimated weighted average rate of 4.50% in the first quarter of 2025. The sale transactions are expected to result in a net after-tax loss of approximately $70 million that will be recognized in the fourth quarter of 2024. While this will cause the Corporation to report a net loss for the fourth quarter and the full year of 2024, it has been entirely funded by the $70 million in capital raised through our previously disclosed equity offering. The Corporation will provide additional details on this balance sheet repositioning in a presentation that will be furnished as an exhibit to a Form 8-K with the Securities and Exchange Commission ("SEC") and will be accessible on the Corporation's website at https://ir.washtrust.com . ABOUT WASHINGTON TRUST BANCORP, INC. Washington Trust Bancorp, Inc., NASDAQ: WASH , is the publicly-owned holding company of The Washington Trust Company ("Washington Trust", "the Bank"), with $7.1 billion in assets as of September 30, 2024 . Founded in 1800, Washington Trust is recognized as the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast's premier financial services companies. Washington Trust values its role as a community bank and is committed to helping the people, businesses, and organizations of New England improve their financial lives. The Bank offers a wide range of commercial banking, mortgage banking, personal banking and wealth management services through its offices in Rhode Island , Connecticut and Massachusetts and a full suite of convenient digital tools. Washington Trust is a member of the FDIC and an equal housing lender. FORWARD-LOOKING STATEMENTS This press release contains statements that are "forward-looking statements." We may also make forward-looking statements in other documents we file with the U.S. Securities and Exchange Commission ("SEC"), in our annual reports to shareholders, in press releases and other written materials, and in oral statements made by our officers, directors, or employees. You can identify forward-looking statements by the use of the words "believe," "expect," "anticipate," "intend," "estimate," "assume," "outlook," "will," "should," and other expressions that predict or indicate future events and trends and which do not relate to historical matters. You should not rely on forward-looking statements, because they involve known and unknown risks, uncertainties, and other factors, some of which are beyond our control. These risks, uncertainties, and other factors may cause our actual results, performance, or achievements to be materially different from the anticipated future results, performance, or achievements expressed or implied by the forward-looking statements. Some of the factors that might cause these differences include the following: changes in general business and economic conditions on a national basis and in the local markets in which we operate; changes in customer behavior due to political, business, and economic conditions, including inflation and concerns about liquidity; interest rate changes or volatility, as well as changes in the balance and mix of loans and deposits; changes in loan demand and collectability; the possibility that future credit losses are higher than currently expected due to changes in economic assumptions or adverse economic developments; ongoing volatility in national and international financial markets; reductions in the market value or outflows of wealth management AUA; decreases in the value of securities and other assets; increases in defaults and charge-off rates; changes in the size and nature of our competition; changes in legislation or regulation and accounting principles, policies, and guidelines; operational risks including, but not limited to, changes in information technology, cybersecurity incidents, fraud , natural disasters, war, terrorism, civil unrest, and future pandemics; regulatory, litigation, and reputational risks; and changes in the assumptions used in making such forward-looking statements. In addition, the factors described under "Risk Factors" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 , as updated by our Quarterly Reports on Form 10-Q and other filings submitted to the SEC, may result in these differences. You should carefully review all of these factors, and you should be aware that there may be other factors that could cause these differences. These forward-looking statements were based on information, plans, and estimates at the date of this report, and we assume no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes. NON-GAAP FINANCIAL MEASURES This press release and related presentation may contain references to measures that are not defined in generally accepted accounting principles ("GAAP"). Management believes that the supplemental non-GAAP information, which consists of measurements and ratios based on tangible equity, is utilized by regulators and market analysts to evaluate a company's financial condition and therefore, such information is useful to investors. These disclosures should not be viewed as a substitute for financial results determined in accordance with GAAP, nor are they necessarily comparable to non-GAAP performance measures, which may be presented by other companies. Because non-GAAP financial measures are not standardized, it may not be possible to compare these financial measures with other companies' non-GAAP financial measures having the same or similar names. SOURCE Washington Trust Bancorp, Inc.