$HAFC (Hanmi Financial Corporation)

$HAFC {{ '2016-06-08T18:13:35+0000' | timeago}} • Announcement

$HAFC, the holding company for Hanmi Bank, said that it has appointed Thomas Williams to its Board of Directors, effective June 1, 2016.

$HBAN {{ '2017-07-21T14:12:38+0000' | timeago}} • Infographic

$HBAN Huntington Bancshares Incorporated Earnings AlphaGraphic: Q2 2017 Highlights

$RF {{ '2017-07-21T13:41:32+0000' | timeago}} • Announcement

During 2Q17, $RF's average loans and leases declined 2% compared to 2Q16. Average deposit balances remained relatively stable with the prior year. The company incurred  $7MM of expenses associated with  the consolidation of 22 additional branches that is expected to close during 4Q17.

$RF {{ '2017-07-21T13:36:21+0000' | timeago}} • Announcement

Banking company $RF posted higher 2Q17 earnings, helped by growth in net interest income. Net income available to common shareholders rose to $300MM, or $0.25 per share, compared to $256MM, or $0.20 per share during 2Q16. Total revenues on a taxable equivalent basis rose 2.4% to $1.43Bil.

$HBAN {{ '2017-07-21T13:05:19+0000' | timeago}} • Announcement

$HBAN's net interest margin of 3.31% in 2Q17 increased 25 BPs from the year-ago quarter. Average earning assets recorded 35% YoY jump. Average loans and leases rose 30% in the quarter with average total deposits escalating to 38%.

$HBAN {{ '2017-07-21T12:57:45+0000' | timeago}} • Announcement

$HBAN still projects FY17 revenue growth in excess of 20%, as it expects economic activity to modestly improve during 2H17. The firm's average balance sheet growth, driven largely by the FirstMerit acquisition, is expected to be in excess of 20%, with loan growth of 4-6% for the year.

$HBAN {{ '2017-07-21T12:47:41+0000' | timeago}} • Announcement

Earnings of $HBAN more than doubled in 2Q17 on a 47% rise in net interest income (NII). The Columbus, Ohio-based bank reported earnings applicable to common shares of $253MM, or $0.23 per share, an increase of 63% YoY. Excluding certain items, earnings were $0.26 a share. The company posted NII of $756MM, with revenue growing 37% to $1.08Bil.

$FITB {{ '2017-07-21T12:24:49+0000' | timeago}} • Announcement

Regional bank $FITB saw a jump of 12.7% in its earnings in 2Q17, driven mainly by a gain on sale of assets and positive valuation adjustment on the Vantiv warrant. Net income available to common shareholders jumped to $344MM or $0.45 per share from the year ago period. Net interest income on a taxable equivalent basis, inched up 4% YoY to $945MM.

$STI {{ '2017-07-21T11:05:30+0000' | timeago}} • Announcement

$STI's average loan balances for 2Q17 increased 1% sequentially and 2% year-over-year, driven primarily by growth in consumer lending. Average consumer and commercial deposits rose slightly sequentially and grew 3% compared to 2Q16, driven by growth in demand and time deposits.

$STI {{ '2017-07-21T11:04:08+0000' | timeago}} • Announcement

$STI's efficiency and tangible efficiency ratios in 2Q17 were 61.2% and 60.6%, respectively, which represent significant improvements compared to the previous quarter. This is driven primarily by seasonal declines in employee benefits costs, ongoing expense management initiatives, and solid revenue growth.

$STI {{ '2017-07-21T11:03:10+0000' | timeago}} • Announcement

$STI's net interest margin for 2Q17 increased 15 basis points to 3.14% from last year. This was driven by higher earning asset yields arising from higher benchmark interest rates, continued positive mix shift in the loan portfolio, and lower premium amortization in the securities portfolio.

$STI {{ '2017-07-21T11:01:56+0000' | timeago}} • Announcement

$STI reported a 6% rise in 2Q17 earnings driven by higher revenue. Net income grew to $505MM from $475MM last year. Consistent execution against key strategies resulted in 10% EPS growth to $1.03. Revenue rose 2% to $2.27Bil, on higher net interest income as a result of net interest margin expansion and growth in earning assets.

$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.

$AXP {{ '2017-07-20T17:11:52+0000' | timeago}} • Announcement

$AXP said American Express OPEN has extended its Lowe’s Business Rewards Card program to enable small business Card Members earn rewards and get 5% off at Lowe’s every day when they use the Card on eligible purchases. The Lowe's Business Rewards Card has no annual fee and can help small businesses optimize their business spending.

$USB {{ '2017-07-20T15:19:04+0000' | timeago}} • Webcast

$USB reported a 5.9% increase in its net interest income of $3Bil. Net interest margin rose 1 basis point to 3.04%, in-line with the guidance. This increase was mainly due to the increase in interest rates.

$USB {{ '2017-07-20T15:11:46+0000' | timeago}} • Webcast

$USB posted a 2Q17 earnings rise, helped by solid loan growth and an uptick in net interest margin. Loans grew 0.9% from 1Q17. Based on the current trends, the bank expects 3Q17 total loan growth to be in the range of 1-5%

$STZ {{ '2017-07-20T13:44:19+0000' | timeago}} • Announcement

$STZ's BoD lifted size of the board from 10 to 11 members and elected Susan Somersille Johnson to serve as a member of the board, effective July 18, 2017. Johnson is currently serving as corporate EVP and chief marketing officer of $STI.

$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.

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