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Stock Market & Financial Investment News

News Breaks
February 5, 2013
12:22 EDTBTFG, CFNL, FNBN, TCBI, FSBKRegional banks climb after Fed governor positive on prospects
A number of regional bank stocks are climbing after Fed Governor Elizabeth Duke said, "The future of community banking is bright," according to a transcript of her remarks provided by the Fed. Most banks' credit metrics are improving, and their capital positions are stronger, said Duke. Bank shareholders should benefit as the economy rebounds, she added. In addition, more than ever before, officials are refraining from forcing community banks to adhere to the same regulations that large banks will be forced to follow, she stated. Meanwhile, small banks' share of deposits has increased slightly in rural areas over the past decade, Duke said. In early afternoon trading, BancTrust Financial (BTFG) rose 2% to $2.92, Cardinal Financial (CFNL) gained 2% to $16.41, FNB United (FNBN) climbed 1% to $11.18, Texas Capital Banchsares (TCBI) added 1% to $41.90, and First South Bancorp. (FSBK) rose 3.5% to $6.46.
News For BTFG;CFNL;FNBN;TCBI;FSBK From The Last 14 Days
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October 22, 2014
13:52 EDTCFNLCardinal Financial raises quarterly dividend to 10c from 8c per share
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12:30 EDTCFNLCardinal Financial reports Q3 EPS 29c, consensus 30c
The company’s net interest income increased 18% to $27.9M from $23.7M, for the three month periods ended September 30, 2014 and 2013, respectively. For the comparable nine month year to date periods of 2014 and 2013, net interest income increased 17%, to $80.5M from $68.5M. The company’s tax equivalent net interest margin was 3.66% for the current quarter and 3.63% year to date versus 3.65% and 3.47% for the same respective periods of last year.

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