$INTL (INTL FCStone Inc.)

$INTL {{ '2016-03-23T20:13:16+0000' | timeago}} • Announcement

Financial services firm $INTL said it agreed to amend its existing $140MM senior secured revolving credit facility maturing Sept. 20, 2016 to extend the maturity through March 18, 2019, and to increase the size to $205MM. This credit facility will continue to be used to finance working capital needs of the company and certain of its subsidiaries.

$INTL {{ '2017-07-03T14:24:51+0000' | timeago}} • Announcement

$INTL announced the merger of its unit, Sterne, Agee & Leach, Inc. with its subsidiary, INTL FCStone Financial Inc. The merger also consolidates INTL FCStone's regulated entities, and is expected to result in operational efficiencies at INTL FCStone Financial Inc. and to enable expansion of its Correspondent Clearing Division.

$INTL {{ '2017-05-11T14:38:59+0000' | timeago}} • Webcast

$INTL said 2Q17 was a very difficult quarter on a macro basis. The company expected more volatility in the financial market as a result of recent U.S. Presidential election, but in turn it saw the volatility index dropping to multi-year lows in some markets.

$INTL {{ '2017-05-10T20:40:31+0000' | timeago}} • Announcement

In 2Q17, $INTL operating revenues rose 18% to $195.8MM, with Commercial Hedging operating revenue improving 15% to $62.7MM. Operating revenue for Global Payments jumped 24% to $21.5MM, while that of Physical Commodities soared 42% to $11.2MM. Clearing and Execution Services revenue spiked 93% to $64.2MM, but Securities revenue fell 17% to $37.9MM.

$INTL {{ '2017-05-10T20:34:04+0000' | timeago}} • Announcement

$INTL's total revenue soared 47% to $5.5Bil in 2Q17, as the Fortune 500 financial services firm posted a 24% slide in net income of $11.0MM from last year's $14.5MM. On a diluted basis, earnings were $0.58 per share vs. $0.76 a share, with interest income slumping 4% to $17.7MM.

$INTL {{ '2017-02-13T18:09:46+0000' | timeago}} • Webcast

About $INTL's recent investment in U.S., $VSM stated that it has a strong position in the U.S. with the supply of its products. The company's first and second quarter tend to be lower than the third and fourth quarters. $VSM cautioned that there is still lot of uncertainty in the macro level.

$INTL {{ '2016-12-15T16:17:34+0000' | timeago}} • Webcast

$INTL said that it will repurchase the shares if it thinks it is going to be accretive on a book value per share basis. A year ago, the company bought its shares back when it was trading around tje book value which becomes accretive. Now, $INTL trades around twice the book value per share. So, the company won't buy back shares at this time.

$INTL {{ '2016-12-15T16:08:00+0000' | timeago}} • Webcast

$INTL said that after the interest rate hike by Fed on Wednesday, the company expects 1% increase in interest rates in next year from the three interest rate hikes proposed by the Fed. This will help the company's business, $INTL said.

$INTL {{ '2016-12-15T15:45:00+0000' | timeago}} • Webcast

$INTL said that it is interested in acquiring companies which bring incremental revenue to the company. $INTL added that it likes to expand the presence in Asia and Europe, where it has got relatively low market share.

$INTL {{ '2016-12-15T15:03:30+0000' | timeago}} • Webcast

$INTL closed the acquisition of ICAP's oil trading business in Oct. 2016 and this business is expected to be fully integrated into the company's platform later this month. The purchase price was $6MM and $INTL also paid some additional compensation to the employees for the first year as per the acquisition agreement.

$INTL {{ '2016-12-15T15:01:11+0000' | timeago}} • Webcast

$INTL, which agreed to acquire $SF's subsidiary Stern Agee in June 2016, closed that deal in 4Q16. The integration is on track and the company is ahead of schedule. $INTL believes that this business will be a meaningful contributor to the earnings in the longer term.

$INTL {{ '2016-12-15T14:37:09+0000' | timeago}} • Webcast

$INTL reported that market conditions have improved overall. The unexpected Brexit vote and the U.S. Presidential election led to possibly more favorable conditions. In U.S., markets have become more optimistic and interest rates reacted accordingly, which over time should have material and direct impact on the company's earnings, $INTL said.

$INTL {{ '2016-12-14T22:09:23+0000' | timeago}} • Announcement

$INTL's interest income slid $4.3MM to $12.4MM in the 4Q16, resulting from the unrealized fluctuations in the marked-to-market valuations in U.S. Treasury notes. Interest income in the company's Commercial Hedging and CES segments rose $1.3MM, to $4MM in the quarter, helped by interest income impact of avg. customer equity increasing 17% YoverY.

$INTL {{ '2016-12-14T22:03:53+0000' | timeago}} • Announcement

Financial services company $INTL posted lower 4Q16 results despite an increase in revenue. The company's net income for the quarter fell 20.37% to $16.8MM or $0.90 per share from $21.1MM or $1.09 per share a year ago. Revenue for the quarter rose 6% to $2.778Bil.

$INTL {{ '2016-12-08T15:06:37+0000' | timeago}} • Announcement

$INTL said its London-based subsidiary INTL FCStone Ltd's Global Payments Division has appointed Francois Beau Yon de Jonage as SVP. He joins the company from Societe Generale, where he served as Head of the firm's Global Exotic Currency Service.

$INTL {{ '2016-09-08T17:42:07+0000' | timeago}} • Announcement

$INTL's subsidiary, INTL FCStone Ltd, has agreed to acquire London-based EMEA oils business of ICAP plc following the approval granted by the UK Competition and Markets Authority. This business serves 200 commercial and institutional customers in Europe, the Middle East and Africa.

$INTL {{ '2016-07-05T13:16:49+0000' | timeago}} • Announcement

$INTL said that the July 1, 2016 closing involved three broker dealer entities purchased from $SF, while the closing of two registered investment adviser entities involved in the acquisition are expected to close this quarter following a customary notice period.

$INTL {{ '2016-07-05T13:16:43+0000' | timeago}} • Announcement

$INTL said that it has substantially completed, effective July 1, 2016, its acquisition of the correspondent securities clearing business and independent wealth management business from $SF's wholly-owned subsidiary Sterne Agee LLC.

$INTL {{ '2016-06-28T10:07:48+0000' | timeago}} • Announcement

$INTL reported that the Sterne Agee businesses acquisition involves the purchase of 3 broker dealer entities and 2 registered investment adviser entities. $INTL will retain current management and staff of the businesses employing about 160 people.

$INTL {{ '2016-06-28T10:07:36+0000' | timeago}} • Announcement

Financial services firm $INTL said it has signed a deal with Sterne Agee, a subsidiary of $SF, to acquire Sterne Agee securities clearing business and wealth management business for a price equal to tangible NAV of the combined businesses. $INTL expects the businesses to produce a non-material loss in first year and add to earnings in second year.

$SF {{ '2016-06-27T12:45:32+0000' | timeago}} • Announcement

$SF said it agreed, as part of the agreement with $INTL, to sell: Sterne Agee Financial Services, Sterne Agee Clearing, Sterne Agee Leach, Sterne Agee Asset Management, and Sterne Agee Investment Advisory Services. To support these businesses, $INTL has agreed to hire substantially all of the Birmingham, Alabama-based support professionals.

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