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United Bankshares results
Jan. 28. United Bankshares, which has branches in Mooresville and Denver, reported earnings for the fourth quarter of 2024 of $94.4 million, or $0.69 per diluted share. Fourth quarter of 2024 results produced annualized returns on average assets, average equity, and average tangible equity, a non-GAAP measure, of 1.25%, 7.48%, and 12.03%, respectively. Earnings for the […]
Business commentary: What’s happening with NC manufacturing?
Jan. 27. By Mike Walden [Commentary] Manufacturing has a special place in our economy and is something people can easily relate to. The output of manufacturing companies, spanning a variety of items from vehicles to clothing to chairs, are things people can directly see, touch, feel and use. Background Manufacturing also has an important place […]
Affordable home prices boost net in-migration to Carolinas
Jan. 24. A southern migration has been steadily unfolding across the US—driven by the search for more relaxed housing markets—and the Carolinas are the beneficiaries—depending on your point of view. In 2023, 46 percent of net interstate migration flowed into the South, with another 25 percent heading west, according to StorageCafe’s new migration study based […]
Huntersville New Corporations
Jan. 23. These businesses have registered with the North Carolina Secretary of State. 11/18/24 360West LLC, Lindsay M. DelGrosso, 15910 Agincourt Dr., Huntersville 11/18/24 Elyse Collection LLC, Josie L. Nasife, 17604 Cambridge Grove Dr., Huntersville 11/18/24 Healthy Lens Media LLC, KJS Enterprises LLC, 14316 Reese Blvd. W Ste. B, Huntersville 11/18/24 Victory VA Claims Consultants […]
Economic development: 2024 was a good year
Jan. 22. The State of North Carolina announced 16,956 new jobs last year, representing 218 business recruitment projects. The NC Department of Commerce says they’re worth $15.2 billion in new capital investment. The 2024 performance tops 2023’s announcements of 14,114 jobs and $12.9 billion of capital investment. The North Carolina Department of Commerce serves as […]
EnergyUnited Foundation recorded $850,000 in grants last year
Jan. 21. Statesville-based EnergyUnited Foundation gave a total of $850,000 to nonprofit organizations, individuals and families in 2024, with 75 organizations requesting support. Of those, $300,000 was granted to nonprofits focused on addressing critical needs such as housing, utilities and humane needs. Fourth-quarter donations totaled $175,000 for non-profits. In addition to funding that was provided […]
Hot Properties: Million-dollar deals
Jan. 17. Recent home sales in excess of $1 million. $1,485,000 Daniel & Donna Ebbing to Jaclyn & David Hartzell Jr., 207 Lorimer Rd., Davidson $1,425,000 Betty & James Brown to James & Joy Gariepy, 18807 Pentwater Ct., Cornelius $1,286,000 Daniele Parise & Susan Yanik to Keith Bowen & Laura Zevat, 18631 Town Harbor Rd., […]
Davidson New Corporations
Jan. 15. These businesses have registered with the North Carolina Secretary of State. 11/18/24 Mecklenburg Construction Services LLC, Guillermo J. Castro, 13800 E. Rocky River D., Davidson 11/18/24 OCSAir LLC, Orlando Cruz-Solano, 124 Shorecrest Dr., Davidson 11/19/24 200 Mason Lane LLC, Carolina Corporate Services LLC, 209 Delburg St. Ste. 203, Davidson 11/19/24 Maids of the […]
Newsmakers Breakfast Jan. 23 focuses on 2025 economic outlook
Jackie Benson, economist Jan. 14. How will tariffs affect the economy in 2025? How will immigration policy affect North Carolina? What about interest rates? The effects of Hurricane Helene? Economist Jackie Benson, with Wells Fargo’s Corporate and Investment Bank, will address a variety of issues during a Newsmakers Breakfast Jan. 23 at The Peninsula Club. […]
Business commentary: What does it take to get ahead?
Jan. 13. By Mike Walden. [Commentary] The older I get, the more I seem to think about my past, especially my parents. Both were high school dropouts, but they were able to provide for their family and lead successful lives. Sure, there were ups and downs, such as when my father’s small business went bankrupt […]
