First Niagara Financial Group (FNFG) Reports In-Line Q1 EPS
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Go back to First Niagara Financial Group (FNFG) Reports In-Line Q1 EPS
April 29, 2016 7:00 AM EDT
First quarter operating earnings of $0.14 per diluted share First quarter GAAP earnings of $0.11 per diluted share, including merger-related integration expenses Average loans increased 5% annualized QOQ Average commercial loans (CRE and commercial business) up 7% annualized QOQAverage consumer loans increased 2% annualized QOQ driven by indirect auto loan growth Average deposit balances increased 1% annualized QOQ and 4% YOY Average retail deposit balances increased 8% annualized QOQ and 3% YOYAverage retail noninterest-bearing deposit balances increased 18% annualized QOQ and 4% YOY Originated net charge-offs decreased 15 basis points QOQ to 0.22% of average originated loans... More
April 28, 2016 4:19 PM EDT
CLEVELAND, April 28, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) and First Niagara Financial Group, Inc. (NASDAQ: FNFG) announced today that they have reached an agreement with Northwest Bank, a wholly-owned subsidiary of Northwest Bancshares, Inc. (NASDAQGS: NWBI), to sell 18 branches in the Buffalo Federal Reserve banking market totaling $1.7 billion in deposits and $0.5 billion in loans. Northwest Bank's purchase includes all 18 branches slated for divestiture under Key's agreements with the United States Department of Justice (DOJ) and the Federal Reserve Board,... More
