$SFBS (ServisFirst Bancshares, Inc.)

$SFBS {{ '2016-10-17T20:45:44+0000' | timeago}} • Announcement

Bank holding company $SFBS reported a rise in 3Q16 earnings driven by higher net interest income and a rise in non-interest income. Net income grew 28.5% to $20.91MM, and EPS increased 27.9% to $0.78.

$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.

$HBAN {{ '2017-07-21T15:13:39+0000' | timeago}} • Webcast

$HBAN said the acquisition of Akron-based FirstMerit accelerated its ability to achieve strong results during 2Q17. The company remains on track to deliver targeted $255MM in annual cost savings from the acquisition. The company believes all the remaining cost savings will be completed by 3Q17.

$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.

$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.

$PYPL {{ '2017-07-20T15:44:04+0000' | timeago}} • Announcement

Payment services provider $PYPL and $C have expanded their strategic agreement for broadening consumer payment choices. The partnership will allow Citi card-members to use their ThankYou Points to pay for all or part of purchases when shopping online through the PayPal gateway in US. The facility will be launched next year.

$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%

$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.

$BK {{ '2017-07-20T11:06:08+0000' | timeago}} • Announcement

$BK's asset under management for 2Q17 increased 6% to $1.77 trillion. This reflects higher market values and net inflows. Net long-term inflows of $3Bil reflecting inflows of liability-driven and fixed income investments. Net short-term inflows of $11Bil were a result of increased distribution through liquidity portals.

$BK {{ '2017-07-20T11:05:54+0000' | timeago}} • Announcement

$BK's net interest revenue for 2Q17 rose 8% from last year. This primarily reflects higher interest rates.  The year-over-year increase also reflects lower premium amortization, partially offset by lower interest-earning assets and higher average long-term debt.

$BK {{ '2017-07-20T11:05:44+0000' | timeago}} • Announcement

$BK's investment management and performance fees for 2Q17 increased 6% from last year. This was due to higher market values, money market fees and performance fees, offset by the unfavorable impact of a stronger U.S. dollar. On a constant currency basis, investment management and performance fees grew 9%.

$BK {{ '2017-07-20T11:05:31+0000' | timeago}} • Announcement

$BK's investment services fees for 2Q17 rose 4% from last year. This reflects growth in clearing services fees, net new business, including collateral management solutions, and higher equity market values, offset by the unfavorable impact of a stronger U.S. dollar.

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