First Niagara Financial Group (FNFG) Tops Q2 EPS by 1c
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First Niagara Reports Second Quarter 2015 Results
July 24, 2015 7:05 AM EDTSecond Quarter 2015 Highlights:
Second quarter GAAP earnings of $0.15 per diluted share Revenues, excluding the impact of tax credit amortization, of $353 million increased 2% QOQ Noninterest income increased 9% driven by customer activity and favorable seasonal trends Net interest income stable QOQ Period-end commercial business loans increased 9% QOQ Average consumer loan growth increased 2% QOQ driven by Indirect Auto and Home Equity balances Strong commercial loan pipeline at the end of the second quarter Average transactional deposit balances increased 5% QOQ and averaged 37% of deposits Average consumer checking balances increased 12%... MoreFirst Niagara Reports Second Quarter 2015 Results
July 24, 2015 7:05 AM EDTSecond Quarter 2015 Highlights:
Second quarter GAAP earnings of $0.15 per diluted share Revenues, excluding the impact of tax credit amortization, of $353 million increased 2% QOQ Noninterest income increased 9% driven by customer activity and favorable seasonal trends Net interest income stable QOQ Period-end commercial business loans increased 9% QOQ Average consumer loan growth increased 2% QOQ driven by Indirect Auto and Home Equity balances Strong commercial loan pipeline at the end of the second quarter Average transactional deposit balances increased 5% QOQ and averaged 37% of deposits Average consumer checking balances increased 12%... More