$UIHC (United Insurance Holdings Corp.)

$UIHC {{ '2016-08-18T15:38:05+0000' | timeago}} • Announcement

$UIHC said it entered into Merger Agreement with RDX Holding, parent of American Coastal Insurance (ACIC) to combine companies in all-stock merger meant to qualify as tax-free reorganization. RDX members will receive $UIHC common stock based on exchange ratio providing for RDX members to own 49% of outstanding $UIHC common stock as of signing.

$ETFC {{ '2017-07-21T19:52:35+0000' | timeago}} • Webcast

$ETFC assumed a dividend needs to really be built around sort of the core earnings and growth over time from that earnings stream. $ETFC's decision really in looking at it from a capital generation standpoint is a good portion of this is related to actions being taken within the capital plan. $ETFC believes buyback is the right path for this.

$ETFC {{ '2017-07-21T19:42:42+0000' | timeago}} • Webcast

$ETFC's net interest income for 2Q17 increased 12% to $356MM, as it grew average interest earning assets by $3.2Bil and net interest margin increased 11 basis points to 274 basis points. This was driven by impact of March Fed rate hike, higher customer margin balances, and strong securities lending activity attributable to a popular March IPO.

$V {{ '2017-07-21T19:02:00+0000' | timeago}} • Announcement

$V, which competes with $MA and $AXP, lifted its financial outlook for FY17. Net revenue is expected to grow 20% on a nominal dollar basis compared to the previous growth guidance of 16-18%. GAAP EPS growth is expected to be in low double-digits on a nominal dollar basis and non-GAAP EPS is expected to grow about 20%.

$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.

$ETFC {{ '2017-07-20T20:48:45+0000' | timeago}} • Announcement

As moving into 2H17, $ETFC is poised to execute on several critical initiatives: completion of the integration of OptionsHouse, continued balance sheet growth, and the launch of a new $1Bil share repurchase program. This is enabled by its strong financial performance and a reduction in consolidated Tier 1 leverage ratio threshold to 6.5%.

$ETFC {{ '2017-07-20T20:45:14+0000' | timeago}} • Announcement

$ETFC's daily average revenue trades (DARTs) for 2Q17 was 208,000 and 32% in derivatives. Net new brokerage accounts was 41,000 and annualized growth rate was 4.7%. Net new brokerage assets was $2.6Bil, with annualized growth rate of 3.5% and end of period total customer assets was $348.2Bil.

$ETFC {{ '2017-07-20T20:43:28+0000' | timeago}} • Announcement

$ETFC's bottom-line results for 2Q17 included a net benefit of $50MM or $0.18 per share, related to a benefit to provision for loan losses. This is partially offset by one-time market data expenses as well as expenses associated with the OptionsHouse integration and crossing the $50Bil regulatory threshold.

$ETFC {{ '2017-07-20T20:42:04+0000' | timeago}} • Announcement

$ETFC reported a jump in 2Q17 earnings driven by a benefit to provision for loan losses as well as higher revenue and strong customer activity. Derivatives increased to a record portion of customer trades during the quarter. Net income rose to $193MM or $0.70 per share from $133MM or $0.48 per share last year. Revenue grew to $577MM from $474MM.

$CB {{ '2017-07-20T17:16:52+0000' | timeago}} • Announcement

$CB has named Michelle McLaughlin as EVP & Property Manager for its North America Commercial Insurance division. She will report to Paul Lewis, EVP & Chief Underwriting Officer, Commercial Insurance. Ms. McLaughlin succeeds Edward Radzinski, who will retire at the end of August.

$AXP {{ '2017-07-20T17:11:52+0000' | timeago}} • Announcement

$AXP said American Express OPEN has extended its Lowe’s Business Rewards Card program to enable small business Card Members earn rewards and get 5% off at Lowe’s every day when they use the Card on eligible purchases. The Lowe's Business Rewards Card has no annual fee and can help small businesses optimize their business spending.

$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%

$KEY {{ '2017-07-20T12:23:26+0000' | timeago}} • Infographic

$KEY KeyCorp Earnings AlphaGraphics: Q2 2017 highlights

$KEY {{ '2017-07-20T11:32:08+0000' | timeago}} • Announcement

$KEY's income from continuing operations attributable to shareholders rose 103.6% to $393MM in 2Q17. Common Equity Tier 1 ratio for the quarter was 9.97 and net interest margin from continuing operations was 3.30%.

$KEY {{ '2017-07-20T11:29:18+0000' | timeago}} • Announcement

With net attributable income in 2Q17 almost doubling to $398MM or $0.37 per share from last year's $196MM or $0.23 per share, $KEY posted a rise in total revenue to $1.64Bil from $1.08Bil.

$AXP {{ '2017-07-20T00:17:00+0000' | timeago}} • Webcast

$AXP stated that it considers surcharging as consumer-unfriendly. The company believes the new ban on surcharging in the UK is a good policy. It is uncertain whether this has any material impact on $AXP’s ability to grow business in the UK but the company believes this is a positive step longer-term. UK is one of $AXP’s strongest markets.

$AXP {{ '2017-07-20T00:02:46+0000' | timeago}} • Webcast

$AXP made some changes on the business end-consumer Platinum products in 2H16 and on the consumer product, it offered a range of benefit enhancements that went in at the end of 1Q17. All the costs associated with the significantly higher card member engagement that these changes are driving are reflected in the 2Q17 results.

$AXP {{ '2017-07-19T23:42:07+0000' | timeago}} • Webcast

In 2Q17, $AXP’s discount revenue was flat YoY and grew 7% on an adjusted basis. The discount rate was 2.44%. Net card fees grew by 8% driven by continued strength in the US Platinum and Delta portfolio as well as growth in Mexico and Japan.

$AXP {{ '2017-07-19T23:30:57+0000' | timeago}} • Webcast

During 2Q17, $AXP’s total loans were up 11% versus 2Q16. The company continues to steadily grow loans faster than the industry as it captures the particular opportunity it has to grow loans with existing customers while also adding new customers. Looking forward, $AXP is confident on growth based on its existing customer opportunities.

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