$WASH (Washington Trust Bancorp Inc.)

$WASH {{ '2016-04-20T18:58:46+0000' | timeago}} • Announcement

$WASH, the oldest community bank in the US, said it recently provided financing to SG Newtown Road Partners, LLC, for the construction of a three building, 18,000 square-foot retail project in Danbury, CT.

$USB {{ '2018-01-18T20:36:26+0000' | timeago}} • Webcast

$USB reported 5.4% growth in its credit and debit card revenue. This growth was driven by higher sales volumes. Trust and investment management fees increased 7.1% mainly due to favorable market conditions and net asset and account growth. Merchant processing revenue fell 1% YoY due to exit of certain joint ventures in 2Q17.

$USB {{ '2018-01-18T20:30:14+0000' | timeago}} • Webcast

During 4Q17, $USB's net interest margin decreased 2Bps to 3.08%. Non-interest expense increased 3.6% YoY, reflecting higher compensation and employee benefits expense mainly related to hiring to support business growth and compliance programs.

$BBT {{ '2018-01-18T19:48:38+0000' | timeago}} • Webcast

$BBT said insurance revenues could be higher than projected, if the market responds with better pricing. The company thinks the insurance price increases will be higher because of all the catastrophes and it competes on loan growth and that could cause more positive operating leverage.

$BBT {{ '2018-01-18T19:44:05+0000' | timeago}} • Webcast

$BBT said it continues to invest substantially more in digital strategy. The company's new platform continues to be one of the very best in the business today. $BBT continues to invest in it on a regular basis. $BBT's Zelle P2P program, like all of the other major banks in the country rolled out recently, it's going extraordinarily well.

$KEY {{ '2018-01-18T18:47:55+0000' | timeago}} • Webcast

$KEY said it plans to start moving dividend payout to around 40- 50% 'return to shareholders.' Over the next few years, KeyCorp expects to increase the annual originations in its real estate business by $5Bil. In future, investment Banking Debt Placement Fees and cards & payments revenues are seen as strong growth areas for the company.

$KEY {{ '2018-01-18T18:39:38+0000' | timeago}} • Webcast

$KEY plans to reach its target of $300MM in run rate revenue synergy, from the addition of First Niagara, by the end of 2019. Going forward, the US tax reform is expected to result in a lower income tax rate for the company. KeyCorp expects purchase accounting accretion to decline 10% per quarter in 2018, from the fourth quarter levels.

$BAC {{ '2018-01-18T18:12:16+0000' | timeago}} • Webcast

$BAC said it expects solid NII growth in 2018 from loan and deposit growth. "The increase is going to depend upon the amount of loan growth, the utilization of rates increasing along the forward curve and obviously our ability to manage the deposit rate pay," CFO Paul Donofrio said.

$KEY {{ '2018-01-18T17:38:13+0000' | timeago}} • Webcast

$KEY said it achieved $400MM of cost savings from the acquisition of First Niagara in 2017, and expects to realize $50MM more early this year. The company sees significant growth opportunities in the coming years from the recent acquisition of Cain Brothers. The focus on credit quality has resulted in strong credit metrics in the current year.

$MS {{ '2018-01-18T17:34:17+0000' | timeago}} • Announcement

Sales and trading net revenue of $MS fell 16% to $2.7Bil in 4Q17, as fixed-income sales and trading revenue slipped 45%. The decrease was primarily driven by lower results in rates and foreign exchange. $MS's decline is on par with $GS that reported a 50% drop in bond trading during 4Q17.

$BPFH {{ '2018-01-18T17:31:18+0000' | timeago}} • Announcement

$BPFH's net interest income during 4Q17 was $57.3MM, up 11% from $51.5MM during 4Q16. Net interest margin was 3.04% for 4Q17, up 16Bps from 4Q16.

$BPFH {{ '2018-01-18T17:23:50+0000' | timeago}} • Announcement

$BPFH BoD declared a cash dividend to common shareholders of $0.12 per share. The dividend is payable on February 16, 2018, of record as on February 2, 2018.

$BPFH {{ '2018-01-18T17:21:19+0000' | timeago}} • Announcement

Wealth management and private banking company $BPFH reported 4Q17 net loss of $18.3MM, or $0.24 loss per share compared to earnings of $17.6MM, or $0.19 during 4Q16. The results were mainly impacted by $38.9MM of charges related to divestiture of Anchor and the the new tax law. Revenue came in at $96.4MM.

$BAC {{ '2018-01-18T17:13:36+0000' | timeago}} • Webcast

During the earnings conference call, $BAC CEO Brian Moynihan said a lion's share of the saving driven by the tax overhaul will be distributed to shareholders as dividends and share buybacks.

$BK {{ '2018-01-18T15:36:57+0000' | timeago}} • Announcement

The world's largest custodian bank Bank of New York Mellon reported 37% jump in 4Q profits due to tax reforms. Revenue for the quarter dropped 2% to $3.7Bil (fee revenues contributed 77%), while assets under custody increased 11% to $33.3 trillion. Tax benefits stood at $427MM. $BK also recorded $246MM in severance and litigation charges.

$KEY {{ '2018-01-18T15:25:06+0000' | timeago}} • Infographic

$KEY KeyCorp Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T15:06:41+0000' | timeago}} • Announcement

Profit for $CMA fell 32% YoY to $112MM, or $0.63 per share, for 4Q17 as the Dallas-based lender took a $107MM charge to adjust deferred taxes due to the Tax Cuts and Jobs Act. But the company's earnings were up 29% to $1.28 per share after adjusting for the charge and other items. Pre-tax income grew 46% for the quarter and 84% for the year.

$BK {{ '2018-01-18T14:57:49+0000' | timeago}} • Infographic

$BK Bank of New York Mellon Corporation Earnings AlphaGraphic: Q4 2017 Highlights

$CMA {{ '2018-01-18T13:21:57+0000' | timeago}} • Infographic

$CMA Comerica Incorporated Earnings AlphaGraphic: Q4 2017 Highlights

$BBT {{ '2018-01-18T13:05:07+0000' | timeago}} • Announcement

$BBT expects 1Q18 average total loans of up 1-3% annualized from last quarter and credit quality to be 35-45 basis points. $BBT sees 1Q18 net interest margin to be down 1-3 bps versus 4Q17 and non-interest income of up 1-3% versus 1Q17. For 2018, $BBT sees revenue growth of 2-3%, expenses to be flat from last year and effective tax rate of 21%.

$BBT {{ '2018-01-18T13:02:21+0000' | timeago}} • Announcement

$BBT reported a rise in 4Q17 earnings driven by higher revenue. Net income rose to $614MM or $0.77 per share from $592MM or $0.72 per share last year. Revenue grew to $2.87Bil from $2.73Bil, on an increase in net interest income and higher fees from the majority of non-interest revenues sources. Adjusted EPS for the latest quarter was $0.84.

Recent Transcripts

GS (The Goldman Sachs Group, Inc.)
Wednesday, January 17 2018 - 2:30pm
USB (U.S. Bancorp)
Wednesday, January 17 2018 - 2:00pm
BAC (Bank of America Corporation)
Wednesday, January 17 2018 - 1:30pm
C (Citigroup Inc.)
Tuesday, January 16 2018 - 3:00pm
CMA (Comerica Incorporated)
Tuesday, January 16 2018 - 1:00pm
WFC (Wells Fargo & Company)
Friday, January 12 2018 - 3:00pm
JPM (JPMorgan Chase & Co.)
Friday, January 12 2018 - 1:30pm
FBP (First Bancorp)
Tuesday, November 7 2017 - 3:00pm
WASH (Washington Trust Bancorp Inc.)
Tuesday, October 24 2017 - 12:30pm
INDB (Independent Bank Corp.)
Friday, October 20 2017 - 2:00pm
BHLB (Berkshire Hills Bancorp Inc.)
Friday, October 20 2017 - 2:00pm
KEY (KeyCorp.)
Thursday, October 19 2017 - 1:00pm
BPFH (Boston Private Financial Holdings, Inc.)
Thursday, October 19 2017 - 12:00pm
BK (The Bank of New York Mellon Corporation)
Thursday, October 19 2017 - 12:00pm
BBT (BB&T Corporation)
Thursday, October 19 2017 - 12:00pm
USB (U.S. Bancorp)
Wednesday, October 18 2017 - 1:00pm
GS (The Goldman Sachs Group, Inc.)
Tuesday, October 17 2017 - 1:30pm
CMA (Comerica Incorporated)
Tuesday, October 17 2017 - 12:00pm
WFC (Wells Fargo & Company)
Friday, October 13 2017 - 2:00pm
BAC (Bank of America Corporation)
Friday, October 13 2017 - 12:30pm

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