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Stock Market & Financial Investment News

News Breaks
January 20, 2014
17:24 EDTFDEFFirst Defiance Financial reports Q4 EPS 50c, consensus 51c
First Defiance said the results were negatively impacted by a $219,000 after tax loss, or 2c, as a result of $337,000 in other-than-temporary impairment losses recognized on $1.9M of collateralized debt obligations. The CDO securities were among those considered disallowed under the revised final "Volcker Rule" of the Dodd-Frank Act which requires the Company to liquidate these securities, it stated. Non-performing loans totaled $27.8M at December 31, 2013, a decrease from $32.6M at December 31, 2012. The results include expense for provision for loan losses of $475,000, compared with $2.6M for the same period in 2012 and $476,000 in Q3.
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October 20, 2014
17:46 EDTFDEFFirst Defiance Financial announces 469K share buyback program
The board of authorized a new share repurchase program of up to 5%, or approximately 469K shares, of the common stock outstanding. The repurchased shares will be held as treasury stock and will be available for general corporate purposes, including employee stock option plans.
17:45 EDTFDEFFirst Defiance Financial reports Q3 EPS 71c, consensus 53c
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