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Stock Market & Financial Investment News

News Breaks
February 27, 2014
07:55 EDTAF, AF, FULT, FULT, ORIT, ORIT, BXS, BXS, CBF, CBF, FMBI, FMBI, HOMB, HOMB, WAL, WAL, MBI, MBIKeefe Bruyette to hold a conference
Boston Bank Conference is being held in Boston on February 26-27 with webcasted company presentations to begin on February 27 at 8 am; not all company presentations may be webcasted. Webcast Link
News For AF;FULT;ORIT;BXS;CBF;FMBI;HOMB;WAL;MBI From The Last 14 Days
Check below for free stories on AF;FULT;ORIT;BXS;CBF;FMBI;HOMB;WAL;MBI the last two weeks.
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July 21, 2014
18:47 EDTBXSBancorpSouth extends merger pacts with Ouachita, Central Community
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18:45 EDTBXSBancorpSouth reports Q2 EPS 33c, consensus 33c
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17:47 EDTAFAstoria Financial to sell non-performing residential mortgages to Credit Suisse
Astoria Financial (AF) announced that the bank had entered into an agreement to sell certain non-performing residential mortgage loans, or NPL, to Credit Suisse (CS) for consideration of approximately $186M. The NPL Sale is expected to close on or about July 31, subject to usual and customary closing conditions. In anticipation of the NPL Sale, such non-performing loans were designated as held-for-sale as of June 30 and were written down from their carrying value of approximately $195M to their estimated fair value of $186M. As a result, the company recorded an $8.7M charge-off and a $5.7M loan loss release in Q2.
10:02 EDTHOMBOn The Fly: Analyst Upgrade Summary
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09:29 EDTHOMBHome Bancshares upgraded to Outperform from Market Perform at Fig Partners
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09:20 EDTHOMBHome Bancshares raises Q3 dividend by 33% to 10c per share
Home Bancshares declared a regular 10c per share quarterly cash dividend payable September 3, to shareholders of record August 13. This cash dividend represents a 2.5c per share, or 33.3%, increase over the 7.5c per share cash dividend paid during the last five consecutive quarters.
July 17, 2014
16:35 EDTWALWestern Alliance reports Q2 EPS 40c, consensus 37c
Reports Tier I Leverage Capital of 10.0% and Total Risk-Based Capital ratio of 12.4%, compared to 9.9% and 12.4%, respectively, at March 31 and 9.9% and 12.0%, respectively, at June 30, 2013. Reports total equity of $958M, up $63M from March 31 and up $159M from June 30, 2013. Reports tangible book value per share, net of tax, of $9.02, up from $8.32 at March 31 and up from $7.26 at June 30, 2013. Q2 provision for credit losses was $0.5M, compared to $3.5M for Q1 and 2Q13.
09:24 EDTHOMBHome Bancshares reports Q2 EPS 43c, consensus 44c
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July 10, 2014
11:09 EDTMBIOptions with increasing implied volatility
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July 9, 2014
16:28 EDTFMBIFirst Midwest coverage assumed with a Neutral at Sterne Agee
11:51 EDTMBIOptions with increasing implied volatility:
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July 8, 2014
09:23 EDTFMBIFirst Midwest to host conference call
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08:11 EDTFMBIFirst Midwest to acquire Great Lakes Bank
First Midwest Bancorp announced that it has entered into a definitive agreement to acquire south suburban Chicago-based Great Lakes Financial Resources, the holding company for Great Lakes Bank, National Association. The bank has approximately $490M in deposits, 96% of which represent core deposits, and $234M in loans. The merger consideration will be a combination of First Midwest stock and cash, with an overall transaction value of approximately $58M, subject to certain adjustments based on the stock price of First Midwest prior to the closing. The acquisition is subject to customary regulatory approvals, Great Lakes' stockholder approval as well as certain closing conditions, and is presently anticipated to close by the end of 2014.

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