In 1Q16, an amount of $200MM was approved by $PDCO as a one-time repatriation of foreign earnings. $PDCO's foreign earnings are permanently reinvested and it does not change its on-going assertion, outside of this one-time repatriation.
Insurance company $BRO reported a decline in 4Q16 earnings. Net income
was $57.7MM, a decrease of 0.7%, and diluted EPS was $0.41, unchanged from 4Q15.
Revenues for 4Q16 were $433.6MM, an increase of 7.1%, compared to 4Q15. Organic
revenue increased by 3.5% in 4Q16.
$ZION is committing to improve its efficiency ratio to the low 60s in 2017. The company saw soft loan growth in 4Q16, due to the constraints on growth in $ZION's commercial real estate portfolio as a result of internal concentration limits and attrition in oil and gas loans.
$TRST saw solid loan growth in 4Q16 compared to 4Q15, helped by an increase in residential mortgages. Loan portfolio expansion was funded primarily by growth of deposit base. The continued shift toward loans helped offset the margin impact from continued comparatively low yields on cash and investments.
Commercial bank $TRST reported 6.1% rise in its 4Q16 earnings. The company reported net income of $10.8M, or $0.113 per share compared to $10.2MM, or $0.107 during 4Q15. Net interest income rose to $36.9MM during the quarter compared to $36.2MM during 4Q15. Non-interest income rose to $4.51MM from $4.42 during 4Q15.