Industry News

EverBank Financial Corp. officials Tuesday confirmed the company is up for sale. A prepared statement on the company's website posted Tuesday left no doubt that the company is seeking a buyout deal worth $2.5 billion. "As the result of an ongoing review of its strategic alternatives it is in advanced negotiations with a well respected financial services company regarding a transaction in which EverBank Financial Corp. would be acquired and..."/>
Jacksonville's EverBank Financial Corp. officially up for sale for $2.5 billion [The Florida Times-Union, Jacksonville]
Reinsurance Group of America, Incorporated is revising the time of its conference call and webcast to discuss second-quarter results from 9 a.m. Eastern Time to 11 a.m. Eastern Time on Friday, July 29."/>
Reinsurance Group of America Revises Time for Second-Quarter Earnings Conference Call, Webcast
Georgetown Bancorp, Inc., holding company for Georgetown Bank, reported net income for the three months ended June 30, 2016 of $152,000, or $0.09 per basic and diluted share, compared to net income of $363,000, or $0.21 per basic and diluted share, for the three months ended June 30, 2015. Net income for the six months ended June 30, 2016 amounted to $232,000, or $0.13 per basic and diluted share, compared to net income of $613,000, or $0.35 per basic and diluted..."/>
Georgetown Bancorp, Inc. Reports Earnings and Announces Increase in Quarterly Cash Dividend
Charter Financial Corporation today announced that its board of directors has declared a regular quarterly cash dividend of $0.05 per share. The dividend is payable on August 25, 2016, to stockholders of record as of August 11, 2016.. Charter Financial Corporation is a savings and loan holding company and the parent company of CharterBank, a full-service community bank and a federal savings institution."/>
Charter Financial Declares Regular Quarterly Cash Dividend
F.N.B. Corporation reports Q2 2016 net income of USD39m
BNC Bancorp, the holding company for Bank of North Carolina has priced an underwritten public offering of 2,500,000 shares of its common stock at a price of USD22.00 per share, the company said. The offering is expected to result in gross proceeds of USD55.0 million and net proceeds of approximately USD51.8 million, after underwriting discounts and estimated offering expenses. Stephens Inc. is serving as the sole book-running manager for the offering."/>
BNC Bancorp prices common stock offering
PNC Bank's tiny branch debuts in Morgantown
PrivateBancorp, Inc. has reported net income of USD50.4 million for the second quarter 2016, compared to USD46.4 million for the second quarter 2015, the company said. Second quarter 2016 results included USD6.3 million of costs related to the company's recently announced transaction with CIBC, which reduced earnings per share by USD0.05 on an after-tax basis. For the six months ended June 30, 2016, the company had net income of USD99.9 million, compared to USD87.9 million..."/>
PrivateBancorp reports Q2 2016 net income of USD50m
Bank of New York Mellon Corporation has reported second quarter net income applicable to common shareholders of USD825 million, or USD0.76 per diluted common share, adjusted for M&I, litigation and restructuring charges, compared to the second quarter of 2015, the company said. In the first quarter of 2016, net income applicable to common shareholders was USD804 million, or USD0.73 per diluted common share. The company repurchased 12.5 million common shares for USD509..."/>
BNY Mellon reports Q2 2016 earnings of USD825m
S&T Bancorp, Inc. has reported second quarter 2016 earnings of USD17.1 million, compared to first quarter of 2016 earnings of USD16.1 million, and second quarter of 2015 earnings of USD18.2 million, the company said. Net interest income was USD49.7 million for the second quarter of 2016 compared to USD49.6 million in the prior quarter. Net interest margin on a fully taxable equivalent basis decreased nine basis points to 3.44 percent compared to 3.53 percent in the prior quarter."/>
S&T Bancorp reports Q2 2016 earnings of USD17m
Heritage Financial Corporation has reported net income of USD8.9 million for the quarter ended June 30, 2016 compared to net income of USD8.7 million for the quarter ended June 30, 2015 and USD9.1 million for the linked-quarter ended March 31, 2016, the company said. The company had net income of USD18.0 million for the six months ended June 30, 2016, or USD0.60 per diluted common share, compared to net income of USD18.5 million, or USD0.61 per diluted common share, for the six..."/>
Heritage Financial reports USD8.9 net income in Q2 2016
Banc of California, Inc. has reported net income of USD26.5 million for the second quarter of 2016, the company said. Pre-tax income for the second quarter of 2016 was USD44.8 million, an increase of 63 percent compared to second quarter of 2015. Net income available to common shareholders for the second quarter was USD21.4 million, an increase of 64 percent compared to the second quarter of 2015.."/>
Banc of California reports Q2 2016 net income of USD26.5m
First West Virginia Bancorp, Inc. has reported net income of USD957, 979 for the six months ended June 30, 2016 compared to USD1, 370,069 for the same period during 2015, the company said. For the second quarter of 2016, net income was USD300, 895 or USD.18 per share as compared to USD332, 017 or USD.20 per share for the same period in 2015.. Non-interest income decreased USD507, 668 or 31.3 percent primarily due to the decrease in the net gains on sales of investment securities."/>
First West Virginia Bancorp reports 1st half 2016 net income of UD957,979
Citizens First Corporation has reported second quarter 2016 net income of USD1, 074,000, a 19.5 percent increase over USD899, 000, for the quarter ended June 30, 2015, the company said. For the six months ended June 30, 2016, net income totaled USD1.98 million. This represents an increase of USD298, 000, from the net income of USD1.68 million in the first six months of the previous year."/>
Citizens First reports Q2 2016 net income of USD1m
Capitol Federal Financial, Inc. has declared a quarterly cash dividend of USD0.085 per share on outstanding CFFN common stock, the company said. The dividend is payable on August 19, 2016 to stockholders of record as of the close of business on August 5, 2016.. Capitol Federal Financial, Inc. is the holding company for Capitol Federal Savings Bank with 47 branch locations in Kansas and Missouri."/>
Capitol Federal declares quarterly dividend
Bank of Hawaii Corp. is riding the momentum of the state's booming housing market. Record median prices for single-family homes and condominiums helped the state's second-largest bank post double-digit loan growth in the second quarter as net income rose 7.5 percent to easily blow past analysts' estimates. Bankoh reported Monday that it earned $44.2 million, or $1.03 a share, to top analysts' estimates by 10 cents."/>
Bank of Hawaii tops analysts' expectations [The Honolulu Star-Advertiser]
KeyCorp remains on track to close its deal for First Niagara Financial Group on Aug. 1, Key officials said Tuesday. The Cleveland-based bank's plans for First Niagara and the Buffalo market will be set in motion once the deal is finalized. Branch systems conversions are set to take place in the fourth quarter."/>
KeyCorp on track to close First Niagara deal Aug. 1 [The Buffalo News, N.Y.]
BB&T Corporation has reported net income available to common shareholders was USD541 million, up 19.2 percent from the second quarter of 2015, the company said. Net income available to common shareholders was USD527 million for the first quarter of 2016 and USD454 million for the second quarter of 2015.. Earnings per diluted common share were USD0.66 for the second quarter of 2016."/>
BB&T reports Q2 2016 net income of USD541m
Brookline Bancorp, Inc. has reported net income of USD12.7 million for the second quarter of 2016, compared to USD11.9 million for the second quarter of 2015, the company said. Total assets at June 30, 2016 increased USD115.5 million to USD6.3 billion from USD6.2 billion at March 31, 2016, and increased USD254.2 million from USD6.0 billion at December 31, 2015.. At June 30, 2016, total loans and leases were USD5.3 billion, representing an increase of USD128.6 million from..."/>
Brookline Bancorp reports Q2 2016 net income of USD12.7m
Codorus Valley Bancorp, Inc. has reported net income available to common shareholders of USD3.0 million for the quarter ended June 30, 2016, as compared to earnings of USD2.9 million for the second quarter of 2015, the company said. For the first six months of 2016, earnings were USD5.8 million, compared to USD5.3 million. The decrease in earnings per share was primarily a result of the 1,746,850 common shares issued in the USD34.5 million public offering completed in December..."/>
Codorus Valley Bancorp reports Q2 2016 net income of USD3m
National Bank Holdings Corporation has named David Terry as NBH Bank as senior vice president and Hillcrest Bank commercial market president in the Dallas-Ft. Worth market, the company said. Terry was hired to expand the company's existing team of bankers, and oversee all aspects of commercial banking, including commercial loans, depository and treasury management relationships, as well as serving as senior market executive in North Texas."/>
National Bank Holdings names commercial market president for North Texas region

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