$NWBI (Northwest Bancshares, Inc.)

$NWBI {{ '2016-09-12T20:38:41+0000' | timeago}} • Announcement

$NWBI announced the appointment of John Golding as President of $NWBI's New York Region. In his new role, John Golding will be responsible for the growth and profitability of the bank across its New York Region.

$GS {{ '2018-01-17T21:27:47+0000' | timeago}} • Webcast

$GS expects medium-term share buybacks of $5-6Bil annually. The company said there are many factors that drive the buyback. Those factors include earnings profile, next CCAR cycle and the evolution of the test. The test especially depends on severity of the macro shock.

$GS {{ '2018-01-17T21:20:24+0000' | timeago}} • Webcast

For 1Q18, assuming current stock price levels, $GS estimates the equity compensation related accounting benefit to be about $175MM. Given the positive backdrop for investing further in franchise and the impact of tax legislation on capital ratios, $GS does not expect to use all of its 2017 CCAR cycle authorization in 2018.

$GS {{ '2018-01-17T21:17:56+0000' | timeago}} • Webcast

In 4Q17, $GS consolidated its online lending and deposit platforms under the Marcus brand. Feedback on lending and deposit products has been positive. The company plans to build on this momentum in 2018, while remaining disciplined in its underwriting standard, focused on lending to creditworthy customers.

$GS {{ '2018-01-17T21:06:15+0000' | timeago}} • Webcast

$GS said it took a one-time charge of $4.4Bil in 4Q17 with regard to the effect of U.S. tax reform. The charge includes about $3.3Bil associated with the one-time deemed repatriation tax on foreign earnings and about $1.1Bil related to the remeasurement of deferred tax assets. $GS said there is clearly potential for increased business activity.

$GS {{ '2018-01-17T15:49:01+0000' | timeago}} • Announcement

$GS' BoD declared on Jan. 16 a dividend of $0.75 per common share, payable on March 29, 2018 to shareholders of record on March 1, 2018. During 4Q17, the company repurchased 6.6MM shares at an average cost per share of $241.13, for a total cost of $1.59Bil.

$GS {{ '2018-01-17T15:44:30+0000' | timeago}} • Announcement

$GS' revenue in Investment Management for 4Q17 rose 4% year-over-year to $1.66Bil. This was primarily due to higher management and other fees, reflecting higher average assets under supervision, partially offset by lower incentive fees. During 4Q17, total assets under supervision increased $38Bil to $1.49 trillion.

$GS {{ '2018-01-17T15:41:05+0000' | timeago}} • Announcement

$GS' equity securities revenue for 4Q17 grew 18% year-over-year to $1.21Bil, reflecting a significant increase in net gains from private equities. Revenue in debt securities and loans declined 2% to $449MM, due to higher provisions for loan losses, primarily from impairment of a secured loan.

$GS {{ '2018-01-17T15:39:00+0000' | timeago}} • Announcement

$GS' trading revenue for 4Q17 plunged 50% year-over-year to $1Bil. This was due to significant lower revenues in currencies, credit products, interest rate products and commodities. Fixed Income, Currency and Commodities Client Execution continued to operate in a challenging environment due to low levels of volatility and low client activity.

$GS {{ '2018-01-17T15:38:23+0000' | timeago}} • Announcement

$GS' revenue in Investment Banking for 4Q17 jumped 44% year-over-year to $2.14Bil. This was driven by higher revenue in the U.S. Financial Advisory as well as higher revenue in both debt underwriting and equity underwriting.

$GS {{ '2018-01-17T15:37:58+0000' | timeago}} • Announcement

$GS slipped to a loss in 4Q17 from a profit last year, due to a $4.40Bil record of income tax expenses related to Tax Legislation. Net loss of $2.14Bil or $5.51 per share compared to a profit of $2.15Bil or $5.08 per share last year. Excluding expense, EPS were $5.68 for 4Q17. Revenue fell 4% to $7.8Bil.

$GS {{ '2018-01-17T14:19:57+0000' | timeago}} • Infographic

$GS Goldman Sachs Group Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$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.

$WD {{ '2018-01-11T17:40:46+0000' | timeago}} • Announcement

$WD has structured a $100MM Freddie Mac Revolving Credit Facility for Presidium Group, LLC. The credit facility was initially secured by two properties, Solaris and The Violet, both located in Texas, and was structured with an additional $50MM in excess capacity for a potential of $150MM in total financing.

$RF {{ '2018-01-11T15:08:42+0000' | timeago}} • Announcement

$RF's subsidiary Regions Bank announced that Christopher Honn has joined the Healthcare group as Managing Director for Senior Housing. He will be based in the company's Chicago office. Honn most recently was Senior Managing Director for Berkadia Commercial Mortgage in Chicago.

$CBSH {{ '2018-01-11T11:51:59+0000' | timeago}} • Announcement

$CBSH said effective Feb 1, 2018, John Handy, currently President and COO of its Commerce Trust Company, has been promoted to CEO, replacing Ray Stranghoener, who will remain as Chairman. Handy will report to John Kemper, COO of $CBSH.

$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.

$CBSH {{ '2018-01-02T21:45:15+0000' | timeago}} • Announcement

$CBSH announced that following the enactment of the new federal tax reform legislation, a cash payment of $1,000 will be made to all full-time employees and a $250 cash payment to all part-time employees employed by the company on December 31, 2017.

$VLY {{ '2018-01-02T15:52:44+0000' | timeago}} • Announcement

$VLY announced that its merger with USAmeriBancorp Inc. (USAB) was completed effective Jan. 1, 2018. $VLY will issue about 65MM shares in transaction. The shareholders of USAB will receive 6.1 shares of $VLY for each USAB share that they own. Effective Jan. 1, 2018, USAB's subsidiary USAmeriBank was merged into and under name Valley National Bank.

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