$CUBI (Customers Bancorp, Inc.)

$CUBI {{ '2016-09-29T19:03:16+0000' | timeago}} • Announcement

$CUBI said Richard Ehst, President and COO of its Customers Bank subsidiary, is among three new members appointed to the Pennsylvania Chamber of Business and Industry's (PA Chamber) BoD. The PA Chamber is the largest broad-based business association in Pennsylvania and its members consist of businesses of all sizes and across all industries.

$CFG {{ '2018-01-19T17:56:28+0000' | timeago}} • Announcement

Citizens Financial fourth quarter profits more than doubled to $666MM, which included a tax benefit of $317MM. Net interest income and non-interest income improved 9.5% and 7.1% respectively, while non-interest expenses also were up 6%. Net interest margin improved 18 bps to 3.08%. $CFG's board declared a quarterly cash dividend of $0.22 per share.

$CFG {{ '2018-01-19T17:04:38+0000' | timeago}} • Infographic

$CFG Citizens Financial Group Earnings AlphaGraphic: Q4 2017 Highlights

$SYF {{ '2018-01-19T13:56:05+0000' | timeago}} • Announcement

Synchrony's profits slipped 33% to $385MM primarily due to one-time tax expenses ($160MM). Net interest income rose 8% to $3.9Bil, while deposits increased 9% vs. 4Q16. However, loan loss provisions were up 25.8% to $1.4Bil due to credit normalization. $SYF expects the acquisition of PayPal’s US consumer credit receivables assets to close in 3Q18.

$SYF {{ '2018-01-19T13:19:09+0000' | timeago}} • Infographic

$SYF Synchrony Financial Earnings AlphaGraphic: Q4 2017 Highlights

$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.

$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.

$BAC {{ '2018-01-17T14:59:23+0000' | timeago}} • Announcement

Net interest income grew 11.4% to $11.46Bil for $BAC in 4Q17. This was primarily driven by three interest rate increases in 2017. However, non-interest income fell 7% to $9Bil due to the impact of the tax act and lower mortgage banking income.

$BAC {{ '2018-01-17T14:54:10+0000' | timeago}} • Announcement

$BAC said its trading revenue for 4Q17 fell 11% to $2.5Bil, driven by a 13% decline in fixed income trading. The decline was primarily due to lower volatility and client activity. Earlier, rivals $JPM and $C had reported declines in bond trading of 34% and 18% respectively in 4Q17.

$BAC {{ '2018-01-17T14:45:46+0000' | timeago}} • Announcement

Joining the bandwagon of other banking giants, $BAC reported 4Q17 earnings that almost halved to $2.37Bil, or 20 cents per share, weighed down by charges related to Republican tax reforms, as well as lower trading. Excluding this charge, net income was 47 cents per share. Revenue for the quarter edged up 2% to $20.4Bil.

$BAC {{ '2018-01-17T13:32:50+0000' | timeago}} • Infographic

$BAC Bank of America Earnings AlphaGraphic: Q4 2017 Highlights

$BAC {{ '2018-01-08T20:37:25+0000' | timeago}} • Announcement

$BAC announced that Joe Gianni will succeed Kevin Cunningham as Market President, serving as the company’s enterprise leader in Hartford. Cunningham will focus full-time on his new responsibilities as the Global Commercial Bank Credit executive for Specialized Industries and Canada.

$BXS {{ '2018-01-04T12:15:00+0000' | timeago}} • Announcement

$BXS announced an additional investment in its employees, which includes pay increases and /or one-time bonuses to nearly all non-commissioned employees. The investment of over $10MM in 2018 will benefit 96% of the company's non-commissioned workforce. Pay increases were effective Jan. 1, 2018.

$CUBI {{ '2018-01-03T12:23:05+0000' | timeago}} • Announcement

Banking services provider $CUBI said it expects the recent tax revision by the government will have a $0.06 per share impact on 4Q17 earnings, and a negative impact of about $2MM on capital. The company expects to earn back the lost value through the reduction in tax rates, which is expected to boost net income by 22% in 2018 and future years.

$BXS {{ '2018-01-02T22:24:34+0000' | timeago}} • Announcement

$BXS announced that its subsidiary BancorpSouth Insurance Services, Inc. is undergoing a name change. Effective January 1, 2018, the insurance group is now BXS Insurance.

$BXS {{ '2017-12-27T12:52:19+0000' | timeago}} • Announcement

Financial services provider $BXS said the Federal Deposit Insurance Corp. and the Mississippi Department of Banking and Consumer Finance have accorded regulatory clearance for closure of the merger of Louisiana-based Ouachita Bancshares and Central Community Corp, Texas, with and into it. The transaction is expected to close on January 15, 2018.

$ALL {{ '2017-12-21T16:52:14+0000' | timeago}} • Announcement

$ALL elected Margaret Keane, president and CEO of $SYF, to its BoD, effective Jan. 1. As of that date, the Allstate board will stand at 12 directors.

$RHT {{ '2017-12-20T14:24:30+0000' | timeago}} • Announcement

Open source software provider $RHT, which recently announced partnerships with $BABA and SoftBank, saw a surge in its 3Q18 profit, driven by higher subscriptions and higher revenue. Profit surged 49% to $101.3MM or $0.54 per share, up from $68MM or $0.37 a year earlier. Revenue rose 22% to $748MM. On an adjusted basis, $RHT earned $0.73 per share.

$BAC {{ '2017-12-18T14:01:18+0000' | timeago}} • Announcement

$BAC announced early participation results of previously announced exchange offers of existing notes for new new fixed/floating rate senior notes in two categories. The exchange offers will expire on Jan. 4, 2018, unless extended.

$BAC {{ '2017-12-14T17:22:40+0000' | timeago}} • Announcement

$BAC appointed Dr Maria Zuber as a director, effective immediately. Zuber currently serves as the VP for research at Massachusetts Institute of Technology, where she is responsible for research administration and policy. She has been appointed to the Enterprise Risk and Corporate Governance Committees of the BoD.

$CHCO {{ '2017-12-14T13:05:43+0000' | timeago}} • Announcement

$CHCO's BoD declared a quarterly dividend of 46 cents per common share. The dividend is payable on Jan. 31, 2018 to shareholders of record as of Jan. 15, 2018. The dividend represents a 4.5% increase from the 44 cents per share cash dividend paid in 4Q17.

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