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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
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October 24, 2014
06:54 EDTFNFGFirst Niagara sees Q4 EPS 17c, consensus 18c
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06:01 EDTFNFGFirst Niagara reports Q3 EPS 18c, consensus 18c
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October 23, 2014
15:39 EDTFNFGNotable companies reporting before tomorrow's open
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