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Stock Market & Financial Investment News

News Breaks
March 10, 2014
04:55 EDTEWBC, EWBC, PROV, PROV, PACW, PACW, BOFI, BOFI, BMRC, BMRC, BANR, BANR, AMRB, AMRB, HAFC, HAFC, HEOP, HEOP, GBNK, GBNK, INBK, INBK, HMST, HMST, FIBK, FIBK, COBZ, COBZSandler O'Neill to hold a conference
West Coast Financial Services Conference is being held in Phoenix, Arizona on March 10-11.
News For EWBC;FIBK;HMST;INBK;GBNK;HEOP;HAFC;AMRB;BANR;BMRC;BOFI;PACW;PROV;COBZ From The Last 14 Days
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April 24, 2015
17:12 EDTGBNKRelational Investors liquidates stake in Guaranty Bancorp
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April 23, 2015
16:37 EDTINBKFirst Internet Bancorp reports Q1 EPS 46c, consensus 32c
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08:28 EDTHAFCHanmi Financial reports Q1 EPS 35c, consensus 31c
Reports Q1 tangible book value per share $14.58. Reports Q1 Tier 1 capital ratio 14.3%.
06:43 EDTFIBKFirst Interstate discloses Montana court denies post-trial motions of subsidiary
In a regulatory filing, First Interstate disclosed that a Montana district court denied the post-trial motions of its bank subsidiary, First Interstate Bank, in a case including a former customer of the Bank. As previously reported, a Montana jury awarded the former customer $287K in compensatory damages and $16.7M in punitive damages on August 14, 2014. The district court also upheld the jury’s verdict and awarded the former customer $7.5M in attorneys’ fees and $90K in costs, and entered a final judgment in the amount of $24.6M. The Bank said it will to continue to vigorously defend itself and intends to appeal the case to the Montana Supreme Court. During 2014, the company accrued $4M of litigation-related loss contingency expense related to this case.
April 22, 2015
07:04 EDTEWBCEast West Bancorp coverage assumed with a Market Perform at Wells Fargo
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April 21, 2015
16:33 EDTEWBCEast West Bancorp reports Q1 EPS 69c, consensus 64c
Reports Q1 NII $235.72M. Reports Q1 book value per share $19.85. Reports Q1 CET1 capital ratio 10.5%. Reports Q1 Tier 1 risk-based capital ratio 10.6%. Reports Q1 net charge-offs 0.11%.
15:28 EDTEWBCNotable companies reporting after market close
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April 20, 2015
16:04 EDTBANRBanner Corp reports Q1 core revenue $59.7M, consensus $47.57M.
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16:03 EDTBANRBanner Corp. reports Q1 EPS 61c with items, consensus 64c
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08:07 EDTBMRCBank of Marin reports Q1 EPS 74c, consensus 78c
Reports Q1 net recoveries totaled $57K, compared to $50K in the prior quarter and net charge-offs in the same quarter a year ago of $142K. There was no provision for loan losses recorded in Q1 or the prior quarter, compared to a provision for loan losses totaling $150K in the first quarter of 2014. Total risk-based capital ratio for Bancorp was 13.8% at March 31, compared to 13.9% at December 31, 2014 and 13.5% at March 31, 2014. The common equity tier one ratio, a new regulatory ratio under Basel III, was 12.5% at March 31, 2015.
April 16, 2015
09:19 EDTAMRBAmerican River reports Q1 EPS 12c, consensus 12c
Reports Q1 net interest margin was 3.46%, compared to 3.41% for Q4 and 3.60% for the first quarter of 2014. The allowance for loan and lease losses was $5.3M at March 31, 2015, compared to $5.3M at December 31, 2014. There was no provision for loan and lease losses for Q1 and the first quarter of 2014. The company had net recoveries of $7,000 in Q1, compared to net recoveries of $27,000 in the first quarter of 2014.
07:11 EDTPACWPacWest Bancorp reports Q1 adjusted EPS 61c, consensus 68c
Reports Q1 revenue $219.95M, consensus $209.63M. Reports Q1 net EPS 71c. Reports Q1 book value per share $34.29M. Reports Q1 Tier 1 capital ratio 12.35%. Reports Q1 net charge-offs 0.07%.
April 15, 2015
16:13 EDTGBNKGuaranty Bancorp reports Q1 EPS 24c, consensus 22c
The company's net income increased $1.5M, or 43.5% for the first quarter, as compared to the same quarter in the prior year, due to a $2M improvement in interest income; a $0.5M decline in interest expense and a $0.5M increase in noninterest income. The $2M increase in interest income was driven by a $198.5M increase in average loans for the quarter ended March 31, combined with a $0.7M increase in loan fees as compared to the first quarter of 2014.
10:00 EDTHMSTOn The Fly: Analyst Initiation Summary
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06:36 EDTHMSTHomeStreet initiated with a Buy at DA Davidson
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April 14, 2015
06:33 EDTPACWPacWest Bancorp appoints Patrick Rusnak as CFO
PacWest Bancorp announced that Victor R. Santoro intends to retire from his position as CFO of the Company effective in mid-August subsequent to the Company's filing of its Form 10-Q for the Q2. Following his retirement as CFO, Santoro will continue to work with the Company as Vice Chairman – Corporate Development and assist with the transition of his CFO responsibilities. Santoro will be succeeded by Patrick J. Rusnak, who is expected to assume the roles of Executive Vice President and CFO upon Santoro's retirement as CFO of the Company in mid-August. Rusnak will join the Company on April 27as Executive Vice President and CFO of Pacific Western Bank. He most recently served as CFO for Sterling Financial.

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