$FNFG (First Niagara Financial Group Inc.)

$FNFG {{ '2016-07-19T14:55:29+0000' | timeago}} • Announcement

$FNFG said its BoD declared a quarterly dividend of $0.08 per common share. The company's BoD also declared quarterly dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, Series B. Both dividends will be payable on Aug. 15, 2016 to shareholders of record on July 29, 2016.

$RF {{ '2017-07-22T14:47:22+0000' | timeago}} • Webcast

$RF expects is FY17 average loans to be flat to slightly down when compared to the prior year and average deposit balance is expected to be stable with FY16. The company expects its net interest income and other financing income to be in the range of 3-5% and adjusted non-interest income growth to be about 1-3% for FY17.

$RF {{ '2017-07-22T14:38:45+0000' | timeago}} • Webcast

During 2Q17, $RF's total average deposits fell $478MM, less than 1% from 2Q16, while reporting $335MM of decrease in average low-cost deposits.

$RF {{ '2017-07-22T14:26:20+0000' | timeago}} • Webcast

$RF reported production increase during 2Q17, with commercial and investor real estate loan production up 56% and 35%, respectively. The commercial line utilization rose 20 basis points and commitments for new loans rose approx. $700MM when compared to 2Q16.

$EGN {{ '2017-07-21T16:04:01+0000' | timeago}} • Announcement

$EGN appointed Lori Lancaster to its BoD effective July 21, 2017. Lancaster is a former Managing Director of the Global Energy Group at $UBS Securities and the Global Natural Resources groups at Nomura Securities International and $GS. She fills the vacancy created in May 2017 by the retirement of Michael Goodrich.

$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.

$BKMU {{ '2017-07-21T15:03:04+0000' | timeago}} • Announcement

Rowley Law PLLC is investigating potential claims against $BKMU and its BoD for breach of fiduciary duty concerning the proposed acquisition of $BKMU by $ASB in a stock-for-stock transaction valued at about $482MM. The transaction is expected to close in 1Q18.

$ASB {{ '2017-07-21T14:53:32+0000' | timeago}} • Announcement

$ASB and $BKMU have sealed a definitive agreement under which the latter will merge with and into Associated. $BKMU’s bank subsidiary will also merge with and into Associated's bank subsidiary, Associated Bank, N.A. The all-stock deal is valued at approx $482MM. The transaction is expected to close in 1Q18.

$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.

$ASB {{ '2017-07-20T21:43:26+0000' | timeago}} • Announcement

$ASB to acquire $BKMU. Under the terms of the agreement, $BKMU shareholders will receive 0.422 shares of $ASB common stock for each share of $BKMU common stock. Upon consummation of the merger, David Baumgarten, $BKMU CEO, will serve as a consultant to the CEO of $ASB.

$ASB {{ '2017-07-20T21:42:18+0000' | timeago}} • Announcement

$ASB to acquire $BKMU in an all-stock transaction valued at approx. $482MM, based on $ASB's July 19, 2017 closing stock price of $24.60 per share. $BKMU's bank subsidiary will also merge with $ASB's bank subsidiary, Associated Bank, N.A. The transaction is expected to close in 1Q18.

$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.

$TCBI {{ '2017-07-20T16:18:53+0000' | timeago}} • Announcement

$TCBI elected Jonathan Baliff to its BoD. Baliff currently serves as President, CEO and a director of Bristow Group Inc., positions he has held since July 2014.

$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%

$MS {{ '2017-07-20T14:26:40+0000' | timeago}} • Webcast

$MS's smallest business-investment management, reported a strong quarter with growth in both its asset management fees and investment results. The net reveneus were up 9% QoQ to $665MM.

$MS {{ '2017-07-20T14:10:49+0000' | timeago}} • Webcast

$MS reported gains across most of its business during 2Q17. The lender's wealth management business performed at the high of 2017 target, by achieving 25% pre-tax margin and a record profit before tax of over $1Bil. A year after acquiring Smith Barney, wealth management generated approx. $1Bil to pre-tax profit annually.

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