$TRST (TrustCo Bank Corp. NY)

$TRST {{ '2016-08-19T17:48:08+0000' | timeago}} • Announcement

$TRST said its BoD declared a quarterly cash dividend of $0.065625 per share, or $0.2625 per share on an annualized basis. The dividend will be payable Oct. 3, 2016, to shareholders of record at the close of business on Sept. 2, 2016.

$EGN {{ '2017-07-21T16:04:01+0000' | timeago}} • Announcement

$EGN appointed Lori Lancaster to its BoD effective July 21, 2017. Lancaster is a former Managing Director of the Global Energy Group at $UBS Securities and the Global Natural Resources groups at Nomura Securities International and $GS. She fills the vacancy created in May 2017 by the retirement of Michael Goodrich.

$TMP {{ '2017-07-21T15:53:00+0000' | timeago}} • Announcement

Financial services firm $TMP has declared a quarterly cash dividend of $0.45 per share. The dividend is payable on August 15, 2017, to shareholders of record on August 1, 2017.

$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.

$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.

$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.

$USB {{ '2017-07-19T14:14:20+0000' | timeago}} • Announcement

Financial services company $USB reported a 1.4% drop in its 2Q17 net attributable income mainly due to lower noninterest income. Net income fell to $1.58Bil from $1.52Bil during the prior year quarter. However, diluted EPS rose 2.4% to $0.85 from $0.83 during 2Q16. Revenue rose to $5.4Bil.

$USB {{ '2017-07-19T14:01:28+0000' | timeago}} • Infographic

$USB U.S. Bancorp Earnings AlphaGraphics: Q2 2017 highlights

$USB {{ '2017-07-19T12:19:59+0000' | timeago}} • Announcement

$USB posted net interest margin of 3.04% during 2Q17, which was 2 basis points higher than 2Q16. This was mainly due to the increased interest rates. Average total loans were up 3.4% over 2Q16.

$USB {{ '2017-07-19T12:15:47+0000' | timeago}} • Announcement

$USB received a boost from increase in interest rates by the Federal Reserve. Higher interest rates and loan growth resulted in 5.9% increase in net interest income to $3.1Bil during 2Q17. Noninterest income rose 2% mainly due to higher payment services revenue.

$WFC {{ '2017-07-14T20:11:34+0000' | timeago}} • Webcast

As part of its $2Bil cost-cutting initiative, $WFC, the third-largest U.S. bank by assets, has closed 93 branches, including 54 in 2Q17, and is on track to close 200 branches this year. The company, as planned, will close an additional 250 branches in 2018.

$WFC {{ '2017-07-14T20:07:37+0000' | timeago}} • Webcast

Amidst the sales scandal, $WFC still continues to invest in its businesses and technologies. At the end of 1Q17, $WFC became the first large bank in the US to offer card-free access to all of its ATMs. Customers have used the new card-free ATM access code over 1MM times as of the end of 2Q17, said the company.

$WFC {{ '2017-07-14T20:01:07+0000' | timeago}} • Webcast

Recently appointed CEO Tim Sloan, who is working to rebuild confidence in $WFC after the fake account scandal that led to the departure of his predecessor, said the company has received preliminary court approval for $142MM class action settlement and expects the settlement to resolve substantially all claims in 10 other pending class actions.

$WFC {{ '2017-07-14T19:49:28+0000' | timeago}} • Webcast

$WFC's auto portfolio continued to decline in 2Q17 and was down $2.5Bil from 1Q17, as the company is taking proactive steps to tighten underwriting standards. The bank expects a further decline in the auto portfolio through 2H16, but sees it stabilizing in 1H18.

$WFC {{ '2017-07-14T19:28:51+0000' | timeago}} • Webcast

In an effort to improve operating performance by focusing on core banking products and services, $WFC has announced the sale of its Commercial Insurance business (expected to close in 4Q17) and Shareowner Services business (expected to close by 1Q18-end). Notably, the company sold its Crop Insurance and Health Benefit Services businesses last year.

$WFC {{ '2017-07-14T14:21:20+0000' | timeago}} • Announcement

$WFC's net interest income for 2Q17 grew 6% YoY to $12.5Bil, helped partly by the Federal Reserve's interest rate hike for the second time this year in June. The bank's provision for credit losses fell 48% from a year ago primarily due to improvement in the oil and gas portfolio.

Recent Transcripts

STI (SunTrust Banks, Inc.)
Friday, July 21 2017 - 12:00pm
FNB (F.N.B. Corporation)
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CTO (Consolidated Tomoka Land Co.)
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TCBI (Texas Capital BancShares Inc.)
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WTFC (Wintrust Financial Corporation)
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VLY (Valley National Bancorp)
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FNB (F.N.B. Corporation)
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TRST (TrustCo Bank Corp. NY)
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WBS (Webster Financial Corp.)
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WTFC (Wintrust Financial Corporation)
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