$INDB (Independent Bank Corp.)

$INDB {{ '2016-03-17T22:37:45+0000' | timeago}} • Announcement

$INDB, parent of Rockland Trust Company, said that its BoD has increased quarter divided by 11.5%. The $0.29 per share dividend will be payable on April 8, 2016, to stockholders of record as of the close of business on March 28, 2016.

$PYPL {{ '2017-07-26T22:38:44+0000' | timeago}} • Announcement

$PYPL announced a partnership with $BAC which will enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal. Bank of America cards will be tokenized for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US.

$VLY {{ '2017-07-26T17:26:37+0000' | timeago}} • Announcement

$VLY to acquire USAmeriBancorp, Inc. The company expects the merger to be a non-taxable transaction. Post transaction USAmeriBancorp will change its name to Valley National Bank in its Florida and Alabama locations.The combined company is expected to have approx. $28Bil in assets, $21Bil in loans, $21Bil in deposits.

$VLY {{ '2017-07-26T17:22:46+0000' | timeago}} • Announcement

$VLY to acquire USAmeriBancorp, Inc. for an estimated transaction value of $816MM based on $VLY's closing stock price as on July 25, 2017. As per the agreement, USAmeriBancorp common shareholders will receive 6.1 shares of Valley common stock for each USAmeriBancorp share they own. The acquisition is expected to close early in 1Q18.

$VLY {{ '2017-07-26T17:07:55+0000' | timeago}} • Announcement

$VLY has commenced a public offering of its non-cumulative perpetual preferred stock. Valley intends to use the net proceeds from this offering for general corporate purposes and investments in Valley National Bank as regulatory capital.

$BAC {{ '2017-07-26T15:49:41+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on its common stock of $0.12 per share, payable Sept 29, to shareholders as of Sept 1. $BAC also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, which is payable Oct 25 to shareholders as of Oct 11.

$WBS {{ '2017-07-25T14:01:52+0000' | timeago}} • Announcement

The BoD of $WBS declared a quarterly cash dividend of $0.26 per share on its common stock. The dividend will be payable on Aug. 21, 2017 to shareholders of record on Aug. 7, 2017.

$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.

$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%

$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.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

Recent Transcripts

WAL (Western Alliance Bancorporation)
Friday, July 21 2017 - 4:00pm
INDB (Independent Bank Corp.)
Friday, July 21 2017 - 2:00pm
WBS (Webster Financial Corp.)
Friday, July 21 2017 - 1:00pm
BXS (BancorpSouth, Inc.)
Thursday, July 20 2017 - 3:00pm
FNB (F.N.B. Corporation)
Thursday, July 20 2017 - 2:30pm
CTO (Consolidated Tomoka Land Co.)
Thursday, July 20 2017 - 1:00pm
TCBI (Texas Capital BancShares Inc.)
Wednesday, July 19 2017 - 9:00pm
WTFC (Wintrust Financial Corporation)
Wednesday, July 19 2017 - 3:00pm
FULT (Fulton Financial Corporation)
Wednesday, July 19 2017 - 2:00pm
USB (U.S. Bancorp)
Wednesday, July 19 2017 - 1:00pm
BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
SNV (Synovus Financial Corporation)
Tuesday, July 18 2017 - 12:30pm
WFC (Wells Fargo & Company)
Friday, July 14 2017 - 2:00pm
WBK (Westpac Banking Corporation)
Monday, May 8 2017 - 12:00am
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
UBS (UBS Group AG)
Friday, April 28 2017 - 7:00am
XL (XL Group plc)
Wednesday, April 26 2017 - 9:00pm
FMBI (First Midwest Bancorp Inc.)
Wednesday, April 26 2017 - 3:00pm
VLY (Valley National Bancorp)
Wednesday, April 26 2017 - 3:00pm
HTH (Hilltop Holdings Inc.)
Wednesday, April 26 2017 - 1:00pm

AlphaGraphics you may like