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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.
News For FDEF From The Last 14 Days
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January 29, 2016
08:02 EDTFDEFFirst Defiance Financial announces 5% share repurchase program
First Defiance Financial Corp. announced that its Board of Directors decided it is in the best interest of the company and its shareholders to institute a new share repurchase program of up to 5%, or approximately 450,000 shares, of the common stock outstanding. Repurchases will be made periodically depending on market conditions and other factors. The repurchased shares will be held as treasury stock and will be available for general corporate purposes, including employee stock option plans. The exact number of shares to be repurchased by the company is not guaranteed. As of January 28, 2016, First Defiance Financial Corp. had 9,009,674 shares outstanding.

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