$SFNC (Simmons First National Corporation)

$SFNC {{ '2016-09-12T06:38:03+0000' | timeago}} • Announcement

Financial holding company $SFNC said it has completed the acquisition of Athens, Tennessee-based Citizens National Bank after approval from Citizens' shareholders. With the completion of the acquisition, $SFNC has about $8.1Bil in assets, $5.3Bil in loans and $6.5Bil in deposits.

$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.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$BAC {{ '2017-06-29T13:13:13+0000' | timeago}} • Announcement

$BAC received no objection from the Federal Reserve for its capital plan. The plan includes its intention to lift quarterly dividend by 60% to $0.12 per share, beginning in 3Q17, and its authorization to repurchase of $12Bil of common stock from July 1, 2017 through June 30, 2018.

$RF {{ '2017-06-28T20:47:50+0000' | timeago}} • Announcement

The Federal Reserve indicated to $RF that it does not object to the company's capital plan and proposed capital actions for 3Q17 through 2Q18. Regions' capital plan included the repurchase of up to $1.47Bil of Regions' common stock.

$BBT {{ '2017-06-20T13:45:53+0000' | timeago}} • Announcement

Financial services provider $BBT has renamed Susquehanna Commercial Finance, a former subsidiary, as BB&T Commercial Equipment Capital. Since the bank acquired Susquehanna Bancshares in 2015, Susquehanna Commercial Finance has operated as a division of Branch Banking and Trust Company. It will continue to do so.

$BAC {{ '2017-06-16T15:02:25+0000' | timeago}} • Announcement

$BAC's BoD authorized a regular quarterly cash dividend of $18.125 per Series L 7.25% Non-Cumulative Perpetual Convertible Preferred share. The BoD also authorized regular quarterly cash dividend of $0.3875 per Series CC 6.20% Non-Cumulative Preferred share. The dividends are payable on July 31 to shareholders of record as of July 1.

$WFC {{ '2017-06-13T21:31:11+0000' | timeago}} • Announcement

$WFC said Andrew Rowe has been selected as head of its Community Banking Customer Segments team, to join Wells Fargo in September. Rowe will join Wells Fargo from $BAC, where he most recently served as Consumer Risk Executive for consumer products and channels.

$AIG {{ '2017-06-09T14:50:41+0000' | timeago}} • Announcement

Insurance firm $AIG has priced the sale of 6,381,410 common shares of $ACGL through a public offering. The offering, which is scheduled to close on June 14, 2017, is expected to yield gross proceeds of about $590MM, based upon a price of $92.50 per share.

$BAC {{ '2017-05-31T13:26:37+0000' | timeago}} • Announcement

$BAC expects to complete sale of its consumer credit card business in U.K., MBNA Ltd., to Lloyds Banking Group on June 1, ahead of schedule. Upon closing, $BAC expects to record a minimal after-tax gain associated with the sale. The transaction does not impact its global commercial card business, which is part of Global Transaction Services.

$SFNC {{ '2017-05-26T13:57:31+0000' | timeago}} • Announcement

Susan S. Lanigan was added to the $SFNC board of directors. She served as general counsel of Dollar General Corp.

$FMBI {{ '2017-05-17T15:16:37+0000' | timeago}} • Announcement

$FMBI BoD approved an 11% increase in the quarterly cash dividend on its common stock to $0.10 per share. The dividend will be payable on July 11, 2017 to common stockholders of record on June 30, 2017.

$FMBI {{ '2017-05-17T13:39:57+0000' | timeago}} • Announcement

$FMBI's BoD approved an 11% increase in the quarterly cash dividend on its common stock to $0.10 per share. The dividend will be payable on July 11, 2017 to stockholders of record on June 30, 2017.

$RF {{ '2017-05-16T14:47:43+0000' | timeago}} • Announcement

$RF said Regions Securities has further expanded its Corporate Finance Group by hiring two managing directors, Gene Bowles and Daniel Hoverman. Bowles and Hoverman join previous hires including Managing Director Rob Tyndall and others following the 2016 launch of the Corporate Finance Group.

$CATM {{ '2017-05-02T15:06:33+0000' | timeago}} • Announcement

$CATM said Dan Antilley has been named its Chief Information Security Officer. Antilley will join Cardtronics, effective May 30, from $BAC, where he served as SVP, Global Information Security Operations Executive.

$BAC {{ '2017-04-26T18:15:29+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on common stock of $0.075 per share, payable June 30, to shareholders of record as of June 2. The board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Series B preferred stock, payable July 25 to shareholders of record as of July 11.

$ABCB {{ '2017-04-21T15:50:53+0000' | timeago}} • Webcast

In terms of M&A strategy, $ABCB said it is focused on both bank as well as non-bank for additional M&A. The company added that it is having significant conversations with conventional banks and that provides opportunity for future M&As.

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