$BBCN (BBCN Bancorp, Inc.)

$BBCN {{ '2016-04-18T21:15:13+0000' | timeago}} • Announcement

$BBCN, which is pursuing its $1Bil acquisition of smaller rival $WIBC, said its new loan originations amount to $333.5MM. The bank said loans receivable rose 12% to $6.37Bil while total deposits increased 11% in the quarter.

$FNB {{ '2017-10-18T22:57:29+0000' | timeago}} • Announcement

$FNB declared a quarterly cash dividend of $18.13 per share on its Non-Cumulative Perpetual Preferred Stock, Series E, payable Nov. 15, 2017, to shareholders of record on Oct. 31, 2017. The BoD also declared a quarterly cash dividend of $0.12 per share on $FNB’s common stock, payable Dec. 15, 2017, to shareholders of record on Dec. 1, 2017.

$NAVI {{ '2017-10-17T22:06:03+0000' | timeago}} • Announcement

During 3Q17, $NAVI issued $2Bil in FFELP Loan ABS and closed on two private education loan ABS repurchase facilities totaling $343MM. $NAVI also retired or repurchased $548MM of senior unsecured debt during 3Q17, including $57MM scheduled to mature in 2018.

$NAVI {{ '2017-10-17T22:05:06+0000' | timeago}} • Announcement

$NAVI reported net income of $176MM or $0.64 per share in 3Q17 compared to $230MM or $0.73 per share in 3Q16. Core earnings for 3Q17 were $152MM or $0.55 per share. Net interest income was $355MM compared to $412MM last year.

$NAVI {{ '2017-10-17T21:06:25+0000' | timeago}} • Infographic

$NAVI Navient Corporation Earnings AlphaGraphic: Q3 2017 Highlights

$CMA {{ '2017-10-17T15:23:11+0000' | timeago}} • Infographic

$CMA Comerica Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$CMA {{ '2017-10-17T14:24:31+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects non-interest expense to be impacted by restructuring expenses of about $15MM and expenses tied to revenue growth, such as outside processing expenses and advertising. Income tax expense is expected to be about 33% of pre-tax income, assuming no further tax impact from employee stock transactions.

$CMA {{ '2017-10-17T14:23:00+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects growth in average loans of about 1%. This will reflect a seasonal increase in National Dealer Services and increases in general Middle Market, Corporate Banking and Technology and Life Sciences, partially offset by a seasonal decrease in Mortgage Banker Finance.

$CMA {{ '2017-10-17T14:21:01+0000' | timeago}} • Announcement

For 4Q17 compared to 3Q17, $CMA expects net interest income to reflect lower non-accrual interest recoveries, partially offset by loan growth. Non-interest income is expected to benefit from the execution of GEAR Up opportunities driving increases in treasury management income, card fees and fiduciary income.

$CMA {{ '2017-10-17T14:17:48+0000' | timeago}} • Announcement

$CMA's net interest income for 3Q17 grew to $546MM from $450MM last year, on net benefit from higher short-term rates and significantly higher interest recoveries. Non-interest income increased to $275MM from $272MM, on a rise in card fees, partially offset by a decline in commercial lending fees.

$CMA {{ '2017-10-17T14:15:59+0000' | timeago}} • Announcement

$CMA reported a jump in 3Q17 earnings driven by an increase in net interest income and an increase in non-interest income. Net income rose to $226MM or $1.26 per share from $149MM or $0.84 per share last year. Adjusted EPS increased to $1.27 from $0.91.

$FHN {{ '2017-10-13T19:56:15+0000' | timeago}} • Webcast

$FHN said its expenses from a core perspective is trending well and was in the range of about $220-225MM from an expense run rate standpoint. The company added that 4Q17 would largely look like the same or about a couple of million dollars higher.

$FHN {{ '2017-10-13T19:55:04+0000' | timeago}} • Webcast

$FHN stated that looking into the next several quarters, the loan pipeline is looking steady. However, the company is seeing a bit of a seasonal impact in 4Q17, due to which some of its businesses are likely to impact mortgage warehouse lending due to home closings.

$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.

$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.

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

$BAC Bank of America Earnings AlphaGraphic: Q3 2017 Highlights

$FHN {{ '2017-10-13T12:21:59+0000' | timeago}} • Announcement

Memphis based bank holding company $FHN's profitability remained strong in 3Q17, pushed by average loan growth of 6%, which in turn pushed net interest income to grow 13% YoY. Profit grew 6.53% to $67.33MM from $63.2MM or $0.27 per share a year earlier. Revenue, however, declined 3.4% to $322.2MM. On an adjusted basis $FHN earned $0.32 per share.

$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.

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