New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 16, 2013
07:23 EDTFNFGFirst Niagara makes adjustment to accelerate CMO premium amortization
First Niagara announced that it will recognize a pre-tax adjustment of $16M, or 3c per share, in 2012 to accelerate premium amortization on its Collateralized Mortgage Obligations, or CMO, portfolio. The adjustment reduces the amount of unamortized premium on the CMO portfolio to reflect the impacts of the substantial level of prepayments received in recent months and the expected elevated levels of cash flows to be received for the foreseeable future. Except for this adjustment, First Niagara expects to report non-GAAP operating earnings per share consistent with current consensus analyst expectations. Excluding any impacts of this adjustment, the net interest margin in Q4 is expected to be 3.42%.
News For FNFG From The Last 14 Days
Check below for free stories on FNFG the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for FNFG

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use