$INDB (Independent Bank Corp.)

$INDB {{ '2016-03-17T22:34:26+0000' | timeago}} • Announcement

"We welcome the opportunity to join Bank of Cape Cod with Rockland Trust," said $INDB CEO Christopher Oddleifson. "Our banks both focus on making commercial loans without compromising credit quality. We expect that this acquisition will be accretive to 2017 earnings, increase Rockland Trust's Cape Cod market share, and benefit our shareholders."

$STBA {{ '2017-10-17T22:35:28+0000' | timeago}} • Announcement

$STBA declared a $0.22 per share cash dividend, which is an increase of 10%, or $0.02 per share, compared to the prior-quarter dividend of $0.20 per share. The annualized yield is 2.1%. The dividend is payable November 16, 2017 to shareholders of record on November 2, 2017.

$BAC {{ '2017-10-13T19:10:55+0000' | timeago}} • Webcast

$BAC said it did not see a spike in loan defaults in 3Q17, unlike rivals such as $JPM and $C. However, the Charlotte, North Carolina- based company said it increased its provision for loan losses in the consumer banking segment by $269MM, keeping in mind the impact of hurricanes during the quarter.

$BAC {{ '2017-10-13T18:32:39+0000' | timeago}} • Webcast

Responding to a question whether $BAC would be able to hold the reins on costs in its Global Wealth and Investment Management business, the company said higher expenses are always attached to wealth management fee generation. In 3Q17, efficiency ratio for Wealth Management unit stood at 73%, much higher than Commercial Banking and Consumer units.

$PNC {{ '2017-10-13T18:23:06+0000' | timeago}} • Webcast

Looking ahead to 4Q17 compared to the third quarter, $PNC expects modest growth in loans, with net interest income, fee income and expenses to each be up in the low single digits, and the provision to be between $100-150MM.

$PNC {{ '2017-10-13T18:16:33+0000' | timeago}} • Webcast

For the remainder of FY17, $PNC expects continued steady growth in GDP and a 25 basis-point increase in short-term interest rates in December.

$PNC {{ '2017-10-13T18:14:39+0000' | timeago}} • Webcast

As $PNC posted 3Q17 results, the financial giant continues to expect the effective tax rate to be between 25% and 26% in FY17.

$BAC {{ '2017-10-13T18:07:59+0000' | timeago}} • Webcast

As part of its cost-cutting initiative, $BAC said it reduced workforce by 0.5% or 1,065 workers in 3Q17. The banking behemoth has cut over 80,000 jobs since CEO Brian Moynihan announced the initiative in 2011. Bank of America said it doesn't expect to see any more huge job cuts in the near future.

$PNC {{ '2017-10-13T13:19:35+0000' | timeago}} • Infographic

$PNC The PNC Financial Services Group, Inc. Earnings AlphaGraphics: Q3 2017 highlights

$BAC {{ '2017-10-13T13:15:17+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$BAC {{ '2017-10-13T12:14:49+0000' | timeago}} • Announcement

In 3Q17, $BAC witnessed revenue growth in three of its four segments. Revenue from its largest segment, Consumer Banking, increased 10%, while that from Global Wealth and Investment Management rose 6%. Global Banking segment revenue rose 5%, but revenue from Global Markets fell 11% during the quarter.

$BAC {{ '2017-10-13T12:07:34+0000' | timeago}} • Announcement

$BAC said its loans in 3Q17 totaled $927.1MM, while deposits came in at $1.284 trillion. Meanwhile, driven by higher commercial losses, $BAC's net charge-offs rose by $12Bil YoY to $900MM.

$BAC {{ '2017-10-13T12:02:32+0000' | timeago}} • Announcement

$BAC, the second largest US bank by assets, said sales and trading revenue fell 13% to $3.1Bil in 3Q17 due to unfavorable market conditions and lower volatility in rates products. Fixed-income trading revenue fell 22% to $2.15Bil. Earlier, rivals $C and $JPM had also reported 16% and 27% declines respectively in their fixed-income trading revenues.

$BAC {{ '2017-10-13T11:53:40+0000' | timeago}} • Announcement

In spite of weak bond trading business, $BAC reported 13% jump in net income in 3Q17 to $5.6Bil, or $0.48 per share. Meanwhile, riding on a 9% climb in Net Interest Income during the quarter, the banking giant managed to modestly lift its revenue up 1% to $22.08Bil.

$PNC {{ '2017-10-13T11:13:39+0000' | timeago}} • Announcement

Financial giant $PNC saw total loans rise 5% to $221.1Bil in 3Q17 end. Average loans for the quarter also saw a 5% bump to $219.2Bil. Average deposits for the quarter rose 3% to $259.4Bil.

$PNC {{ '2017-10-13T11:06:49+0000' | timeago}} • Announcement

With net interest income jumping 12% to $2.35Bil for $PNC in 3Q17, total revenue rose 8% to $4.13Bil. Noninterest income inched 3% up to $1.78Bil. Net income rose to $1.13Bil from last year's $1.01Bil, while diluted EPS of the financial giant surged 17% to $2.16 in the quarter.

$THG {{ '2017-10-10T21:03:15+0000' | timeago}} • Announcement

$THG announced John C. Roche has been appointed President and CEO, effective Nov. 4. He will succeed Joseph M. Zubretsky, who has accepted a career opportunity outside of the property and casualty industry. Zubretsky will remain with the company through Nov. 3.

$CGI {{ '2017-10-10T14:21:38+0000' | timeago}} • Announcement

$CGI appointed Kathleen Ross to its BoD. The board has determined that Ross is an independent director under NYSE Rule. Ross retired from $BAC in September 2016, where she served as a SVP in the bank's transportation and logistics group since 2008.

$FBP {{ '2017-10-06T21:06:05+0000' | timeago}} • Announcement

$FBP declared a monthly cash dividend of $0.14 on its Series A Noncumulative Perpetual Monthly Income Preferred Stock, payable Oct. 31, 2017 to shareholders of record on Oct. 27. $FBP also declared dividends of $0.17 on its Series B, $0.15 on Series C&D and $0.14 on Series E stocks, all payable Oct. 31 to shareholders of record on Oct. 15, 2017.

$THG {{ '2017-10-05T21:47:15+0000' | timeago}} • Announcement

$THG expects losses from the international specialty group, Chaucer, to be $115-135MM before taxes, net of reinsurance. Losses in the domestic business are expected to be $70-90MM before taxes and net of reinsurance, predominantly in the commercial lines business, largely from Hurricane Harvey.

$THG {{ '2017-10-05T21:46:58+0000' | timeago}} • Announcement

$THG estimates 3Q17 catastrophe losses to be $185-225MM before taxes and net of reinsurance. This includes anticipated losses from hurricanes Harvey, Irma, Maria and the two Mexico earthquakes, as well as other catastrophe activity.

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