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

First Niagara Reports First Quarter 2014 Results

April 24, 2014 7:15 AM EDT

First Quarter Highlights:

Operating Earnings of $0.17 per diluted share, excluding restructuring charges GAAP Earnings of $0.15 per diluted share Revenues flat YOY excluding Historic Tax Credit (HTC) asset amortization Net interest income increased 2% YOY driven by balance sheet growth Fees, excluding HTC amortization, decreased 6% YOY driven by lower mortgage banking and capital markets revenues Organic loan growth continues, with average loans up 8% annualized QOQ Average commercial business and real estate loans increased 9% QOQ Momentum in average indirect auto loans continues with $160 million increase Strong credit quality... More