$INDB (Independent Bank Corp.)

$INDB {{ '2016-03-17T22:31:01+0000' | timeago}} • Announcement

$INDB, parent of Rockland Trust Company, and New England Bancorp, Inc., parent of Bank of Cape Cod, have signed a merger agreement for $INDB to acquire New England Bancorp and Rockland Trust to acquire Bank of Cape Cod. Each share of outstanding New England Bancorp common stock will be exchanged for 0.25 of a share of $INDB common stock.

$PBCT {{ '2018-01-19T18:50:01+0000' | timeago}} • Webcast

During 4Q17, $PBCT reported an increase for the second consecutive quarter in both return on average assets and return of average tangible common equity that were 96Bps and 13.8% respectively.

$PBCT {{ '2018-01-19T18:45:06+0000' | timeago}} • Webcast

$PBCT's period end loans during 4Q17  increased 2%, driven by strong results from equipment financing units and solid production in middle market commercial and industrial lending. Period end deposits came in at 33.1Bil, up 6%. This increase was mainly due to higher non-interest bearing balances of 347MM.

$PBCT {{ '2018-01-19T18:39:43+0000' | timeago}} • Webcast

For FY18, $PBCT expects to grow loan portfolio to about 4-6% on both a period end and average balance basis. Deposits growth is expected to be about 3-5% on both a period end and average balance basis and net interest income is expected to increase to the range of 10-12%. The bank expects its net interest margin to be in the range of 3.05-3.15%.

$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.

$PBCT {{ '2018-01-18T21:58:01+0000' | timeago}} • Announcement

During 4Q17, $PBCT's BoD declared a $0.1725 per common share quarterly dividend payable February 15, 2018 to shareholders of record on February 1, 2018.

$PBCT {{ '2018-01-18T21:56:41+0000' | timeago}} • Announcement

$PBCT reported a rise in its 4Q17 earnings, helped by increased net income and a tax benefit related with the tax reform. Net income rose 40% to $106.2MM, or $0.30 per share from $75.9MM, or $0.24 per share during 4Q16. Net interest income grew to $292.3MM during the quarter from $246.8MM in the previous year.

$PBCT {{ '2018-01-18T21:47:48+0000' | timeago}} • Infographic

$PBCT People's United Financial, Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$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.

$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

$PNFP {{ '2018-01-17T12:59:10+0000' | timeago}} • Announcement

$PNFP BoD approved a quarterly cash dividend of $0.14 per common share. The dividend is payable on Feb. 23, 2018 to common shareholders of record as of the close of business on Feb. 2, 2018.

$PNFP {{ '2018-01-17T12:55:56+0000' | timeago}} • Announcement

Financial services company $PNFP reported a plunge in 4Q17 earnings impacted by tax law changes and merger related charges. Profit plunged 25.76% to $26.70MM or $0.35 per share from the year ago profit of $36.09MM or $0.78 per share. Revenues for the quarter surged to $211.2MM, up 75.8%.

$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.

$BXS {{ '2018-01-04T12:15:00+0000' | timeago}} • Announcement

$BXS announced an additional investment in its employees, which includes pay increases and /or one-time bonuses to nearly all non-commissioned employees. The investment of over $10MM in 2018 will benefit 96% of the company's non-commissioned workforce. Pay increases were effective Jan. 1, 2018.

$BXS {{ '2018-01-02T22:24:34+0000' | timeago}} • Announcement

$BXS announced that its subsidiary BancorpSouth Insurance Services, Inc. is undergoing a name change. Effective January 1, 2018, the insurance group is now BXS Insurance.

$BXS {{ '2017-12-27T12:52:19+0000' | timeago}} • Announcement

Financial services provider $BXS said the Federal Deposit Insurance Corp. and the Mississippi Department of Banking and Consumer Finance have accorded regulatory clearance for closure of the merger of Louisiana-based Ouachita Bancshares and Central Community Corp, Texas, with and into it. The transaction is expected to close on January 15, 2018.

Recent Transcripts

INDB (Independent Bank Corp.)
Friday, January 19 2018 - 3:00pm
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