$CBU (Community Bank System Inc.)

$CBU {{ '2016-05-20T12:09:39+0000' | timeago}} • Announcement

Commercial banking service provider $CBU said its BoD declared a quarterly cash dividend of $0.31 per share on its common stock. The dividend will be payable on July 11, 2016 to shareholders of record on June 15, 2016. The $0.31 cash dividend represents an annualized yield of 3.1% based on the closing share price of $39.51 on May 18, 2016.

$MTB {{ '2018-01-19T15:42:53+0000' | timeago}} • Webcast

$MTB stated that in terms of C&I loan growth, 4Q17 originations were strong. The company saw elevated paydowns in C&I during 2017. The increased activity in C&I was largely from private equity and this activity was around 5-10% higher than historical trends in terms of payoffs and paydowns.

$MTB {{ '2018-01-19T15:42:38+0000' | timeago}} • Webcast

$MTB's net operating income for 4Q17, which excludes intangible amortization, was $327MM compared with $336MM in 4Q16. Diluted net operating EPS was $2.04 in 4Q17 compared with $2.01 in 4Q16. Net operating income yielded annualized rates of return on average tangible assets and average tangible common shareholders' equity of 1.12% and 11.77%.

$FNB {{ '2018-01-19T15:38:45+0000' | timeago}} • Announcement

$FNB announced a significant financial commitment to both its employees and the communities it serves relating to the signing of the Tax Cuts and Jobs Act of 2017. As an investment in its workforce, $FNB plans to raise the minimum hourly wage for its employees to $15 by the end of 2019, accelerating an ongoing initiative to elevate hourly wages.

$BAC {{ '2018-01-18T18:12:16+0000' | timeago}} • Webcast

$BAC said it expects solid NII growth in 2018 from loan and deposit growth. "The increase is going to depend upon the amount of loan growth, the utilization of rates increasing along the forward curve and obviously our ability to manage the deposit rate pay," CFO Paul Donofrio said.

$BAC {{ '2018-01-18T17:13:36+0000' | timeago}} • Webcast

During the earnings conference call, $BAC CEO Brian Moynihan said a lion's share of the saving driven by the tax overhaul will be distributed to shareholders as dividends and share buybacks.

$MTB {{ '2018-01-18T15:23:56+0000' | timeago}} • Announcement

$MTB posted net interest income on a taxable-equivalent basis of $980MM in 4Q17, up 11% from $883MM in 4Q16. Non-interest income totaled $484MM in 4Q17, compared with $465MM in 4Q16. The improvement in non-interest income from 4Q16 was due largely to higher gains on investment securities and increased trust income.

$MTB {{ '2018-01-18T15:23:41+0000' | timeago}} • Announcement

$MTB reported a decrease in 4Q17 earnings. Net income was $322MM or $2.01 per share compared to $331MM or $1.98 per share in 4Q16. The estimated incremental income tax expense recorded by $MTB in 4Q17 related to the Tax Act was $85MM, representing $0.56 of diluted EPS.

$CMA {{ '2018-01-18T15:06:41+0000' | timeago}} • Announcement

Profit for $CMA fell 32% YoY to $112MM, or $0.63 per share, for 4Q17 as the Dallas-based lender took a $107MM charge to adjust deferred taxes due to the Tax Cuts and Jobs Act. But the company's earnings were up 29% to $1.28 per share after adjusting for the charge and other items. Pre-tax income grew 46% for the quarter and 84% for the year.

$MTB {{ '2018-01-18T14:30:05+0000' | timeago}} • Infographic

$MTB M&T Bank Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T13:21:57+0000' | timeago}} • Infographic

$CMA Comerica Incorporated Earnings AlphaGraphic: Q4 2017 Highlights

$BAC {{ '2018-01-17T14:59:23+0000' | timeago}} • Announcement

Net interest income grew 11.4% to $11.46Bil for $BAC in 4Q17. This was primarily driven by three interest rate increases in 2017. However, non-interest income fell 7% to $9Bil due to the impact of the tax act and lower mortgage banking income.

$BAC {{ '2018-01-17T14:54:10+0000' | timeago}} • Announcement

$BAC said its trading revenue for 4Q17 fell 11% to $2.5Bil, driven by a 13% decline in fixed income trading. The decline was primarily due to lower volatility and client activity. Earlier, rivals $JPM and $C had reported declines in bond trading of 34% and 18% respectively in 4Q17.

$BAC {{ '2018-01-17T14:45:46+0000' | timeago}} • Announcement

Joining the bandwagon of other banking giants, $BAC reported 4Q17 earnings that almost halved to $2.37Bil, or 20 cents per share, weighed down by charges related to Republican tax reforms, as well as lower trading. Excluding this charge, net income was 47 cents per share. Revenue for the quarter edged up 2% to $20.4Bil.

$BAC {{ '2018-01-17T13:32:50+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q4 2017 Highlights

$ASB {{ '2018-01-16T17:33:49+0000' | timeago}} • Announcement

$ASB appointed Steve Bamberger as assistant VP, residential loan officer-small markets, in Consumer and Business Banking of Associated Bank. He is responsible for originating residential mortgages.

$FNB {{ '2018-01-11T21:05:36+0000' | timeago}} • Announcement

Financial services company $FNB has appointed Bryant Mitchell as EVP of Capital Markets and Specialty Finance Businesses. He will report to Chief Wholesale Banking Officer Robert Moorehead. In the past, Mitchell had held several key leadership roles in leading organisation.

$BAC {{ '2018-01-08T20:37:25+0000' | timeago}} • Announcement

$BAC announced that Joe Gianni will succeed Kevin Cunningham as Market President, serving as the company’s enterprise leader in Hartford. Cunningham will focus full-time on his new responsibilities as the Global Commercial Bank Credit executive for Specialized Industries and Canada.

$WBS {{ '2018-01-04T14:23:40+0000' | timeago}} • Announcement

$WBS announced an acceleration of investment in its employees and the communities it serves following the passage of new federal tax reform legislation. These include: lifting minimum wage to $15 per hour by the end of 2018, and payment of one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level.

$WBS {{ '2018-01-04T14:02:34+0000' | timeago}} • Announcement

$WBS said it will pay a one-time $1,000 cash bonus in 1Q18 to full-time employees who are below the vice president level. This payment will benefit approx. 70% of all the company’s full-time employees. $WBS will also increase its minimum wage to $15 per hour by the end of 2018.

$WBS {{ '2018-01-03T17:37:51+0000' | timeago}} • Announcement

$WBS named Frederick Smith as Controller of Webster Bank and Webster Financial Corporation. As Corporate Controller, Smith will serve as a senior leader within $WBS's Accounting Department and oversee the corporation's accounting operations, close and consolidation, and financial reporting activities.

Recent Transcripts

MTB (M&T Bank Corporation)
Thursday, January 18 2018 - 4:00pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
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CBU (Community Bank System Inc.)
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FNB (F.N.B. Corporation)
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