$FNFG (First Niagara Financial Group Inc.)

$FNFG {{ '2016-03-23T15:33:28+0000' | timeago}} • Announcement

$KEY and $FNFG announced that each company's shareholders voted in favor of merger between two companies. Shareholders approved the merger during special meetings held by $FNFG and $KEY. The affirmative votes by shareholders of both companies allow proposed merger to continue to move forward. Closing of merger is anticipated during 3Q16.

$BKMU {{ '2017-07-21T15:03:04+0000' | timeago}} • Announcement

Rowley Law PLLC is investigating potential claims against $BKMU and its BoD for breach of fiduciary duty concerning the proposed acquisition of $BKMU by $ASB in a stock-for-stock transaction valued at about $482MM. The transaction is expected to close in 1Q18.

$ASB {{ '2017-07-21T14:53:32+0000' | timeago}} • Announcement

$ASB and $BKMU have sealed a definitive agreement under which the latter will merge with and into Associated. $BKMU’s bank subsidiary will also merge with and into Associated's bank subsidiary, Associated Bank, N.A. The all-stock deal is valued at approx $482MM. The transaction is expected to close in 1Q18.

$ASB {{ '2017-07-20T21:43:26+0000' | timeago}} • Announcement

$ASB to acquire $BKMU. Under the terms of the agreement, $BKMU shareholders will receive 0.422 shares of $ASB common stock for each share of $BKMU common stock. Upon consummation of the merger, David Baumgarten, $BKMU CEO, will serve as a consultant to the CEO of $ASB.

$ASB {{ '2017-07-20T21:42:18+0000' | timeago}} • Announcement

$ASB to acquire $BKMU in an all-stock transaction valued at approx. $482MM, based on $ASB's July 19, 2017 closing stock price of $24.60 per share. $BKMU's bank subsidiary will also merge with $ASB's bank subsidiary, Associated Bank, N.A. The transaction is expected to close in 1Q18.

$BK {{ '2017-07-20T20:12:35+0000' | timeago}} • Webcast

$BK said collateral management is another form of custody. And the company is acting as a custodian as do many of its competitors and that falls to the asset servicing line. Custodian is the fastest growing component, despite being a small component. $BK said about half of the growth was contributed by improvements in collateral management.

$BK {{ '2017-07-20T20:02:56+0000' | timeago}} • Webcast

For 2017, $BK expects total adjusted expenses to be up around 1%, although the improved revenue performance and the recent decline of the dollar may make this a bit more challenging. $BK sees effective tax rate of 25-26% and finally expects to generate positive operating leverage for the entire year of 2017.

$BK {{ '2017-07-20T20:01:12+0000' | timeago}} • Webcast

Looking ahead, $BK said 3Q17 earnings are typically impacted by a seasonal slowdown in transaction volumes and market-related revenue, particularly things like foreign exchange, collateral services, and securities lending. This is offset by the seasonally higher activity that the company see in depositary receipts.

$BK {{ '2017-07-20T19:57:08+0000' | timeago}} • Webcast

$BK has began on boarding clients affected by $JPM's decision to exit the US government securities Clearance business. The revenue impact in 2017 will be modest as many of the largest revenue producing relationships will not be coming on board until 2018. $BK expects to see the full revenue impact in 2019.

$TCBI {{ '2017-07-20T16:18:53+0000' | timeago}} • Announcement

$TCBI elected Jonathan Baliff to its BoD. Baliff currently serves as President, CEO and a director of Bristow Group Inc., positions he has held since July 2014.

$BK {{ '2017-07-20T11:06:26+0000' | timeago}} • Announcement

$BK's Board approved quarterly dividend increase of 26% to $0.24 per share, payable on Aug. 11 to shareholders of record on Aug. 1. The board also approved the repurchase of up to $3.1Bil of common stock, including the repurchase of $500MM of common stock contingent upon a preferred stock issuance, over the next four quarters.

$BK {{ '2017-07-20T11:06:08+0000' | timeago}} • Announcement

$BK's asset under management for 2Q17 increased 6% to $1.77 trillion. This reflects higher market values and net inflows. Net long-term inflows of $3Bil reflecting inflows of liability-driven and fixed income investments. Net short-term inflows of $11Bil were a result of increased distribution through liquidity portals.

$BK {{ '2017-07-20T11:05:54+0000' | timeago}} • Announcement

$BK's net interest revenue for 2Q17 rose 8% from last year. This primarily reflects higher interest rates.  The year-over-year increase also reflects lower premium amortization, partially offset by lower interest-earning assets and higher average long-term debt.

$BK {{ '2017-07-20T11:05:44+0000' | timeago}} • Announcement

$BK's investment management and performance fees for 2Q17 increased 6% from last year. This was due to higher market values, money market fees and performance fees, offset by the unfavorable impact of a stronger U.S. dollar. On a constant currency basis, investment management and performance fees grew 9%.

$BK {{ '2017-07-20T11:05:31+0000' | timeago}} • Announcement

$BK's investment services fees for 2Q17 rose 4% from last year. This reflects growth in clearing services fees, net new business, including collateral management solutions, and higher equity market values, offset by the unfavorable impact of a stronger U.S. dollar.

$BK {{ '2017-07-20T11:04:26+0000' | timeago}} • Announcement

$BK reported a rise in 2Q17 earnings driven by revenue growth in both its investment management and investment services businesses as well as the more favorable rate environment. Net income rose to $926MM or $0.88 per share from $825MM or $0.75 per share last year. Revenue grew to $3.96Bil from $3.78Bil.

$STBA {{ '2017-07-18T15:24:16+0000' | timeago}} • Announcement

The BoD of $STBA declared quarterly cash dividend of $0.20 per share. This is an increase of 5.3% compared to a dividend of $0.19 per share declared in the same period in the prior year. The dividend is payable on Aug. 17, 2017 to shareholders of record on Aug. 3, 2017.

$SFBS {{ '2017-07-17T20:16:19+0000' | timeago}} • Announcement

$SFBS' average loans for 2Q17 grew by 5% to $5.23Bil from last year, while average total deposits slid 1% to $5.27Bil. Non-performing assets to total assets were 0.23% for 2Q17, up 6 basis points from 0.17% in the previous year quarter. Net credit charge-offs to average loans grew 7 basis points to 0.25% from 0.18%.

$SFBS {{ '2017-07-17T20:13:49+0000' | timeago}} • Announcement

$SFBS reported a rise in 2Q17 earnings driven by customer retention and new customer activity as well as higher interest rates. Net income rose to $24.16MM or $0.45 per share from $18.88MM or $0.36 per share last year. Net interest income grew to $55.57MM from $45.89MM and non-interest income increased to $4.81MM from $3.85MM.

$BK {{ '2017-07-17T13:33:49+0000' | timeago}} • Announcement

$BK appointed Charles Scharf as CEO and a director, effective immediately, and will become Chairman of the Board effective Jan. 1, 2018. Gerald Hassell will continue to serve as Chairman through Dec. 31, 2017, working closely with Scharf to ensure a seamless transition of responsibilities.

$ASB {{ '2017-07-13T15:34:06+0000' | timeago}} • Announcement

$ASB promoted Justin Anderson to the role of assistant VP, relationship manager, Community Markets, Central Wisconsin. He is responsible for managing existing and new commercial client relationships in Stevens Point and Wausau.

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