Industry News

Comerica Incorporated has declared a 4.5 percent increase of the quarterly cash dividend for common stock to USD0.23 cents per share, the company said. The dividend is payable October 1, 2016, to common stock shareholders of record on September 15, 2016.. The board authorized an increase of the number of shares of common stock that Comerica is authorized to repurchase under its share repurchase program by up to 10 million additional shares."/>
Comerica declares dividend increase of 4.5%
Sun Life Financial, Inc.. This securitization facility will enable Blue Bridge Financial to expand its market share and continue the expansion of Sun Life's and..."/>
Sun Life Financial, Securcor, Blue Ridge Financial partner in securitization facility
KeyCorp has reported second quarter net income from continuing operations attributable to Key common shareholders of USD193 million, or USD.23 per common share, compared to USD182 million, or USD.22 per common share, for the first quarter of 2016, and USD230 million, or USD.27 per common share, for the second quarter of 2015, the company said. During the second quarter of 2016, Key incurred merger-related expense totaling USD45 million, or USD.04 per common share, compared to..."/>
KeyCorp reports Q2 2016 net income of USD193m
Home Bancorp, Inc. the parent company for Home Bank, N.A. has reported net income of USD4.0 million for the second quarter of 2016, an increase of USD667, 000, or 20 percent, compared to the first quarter of 2016 and an increase of USD1.2 million, or 41 percent, compared to the second quarter of 2015, the company said. The second and first quarters of 2016 and the second quarter of 2015 include merger-related expenses, net of taxes, totaling USD143, 000, USD398, 000 and USD232, 000,..."/>
Home Bancorp reports Q2 2016 net income of USD4m
Berkshire Hills Bancorp, Inc. has reported second quarter GAAP earnings of USD0.52 per share in 2016 compared to USD0.35 in 2015, the company said. Core earnings increased to USD0.54 per share from USD0.51 for these respective periods. The company reported a five percent increase in total loan growth compared to the first quarter 2015.."/>
Berkshire Hills reports Q2 2016 USD0.52 per share GAAP earnings
Flagstar Bancorp, Inc., the holding company for Flagstar Bank, FSB, has reported second quarter 2016 net income of USD47 million, or USD0.66 per diluted share, as compared to USD39 million in the first quarter 2016, or USD0.54 per diluted share, and net income of USD46 million in the second quarter 2015, or USD0.68 per diluted share, the company said. Second quarter 2016 net interest income remained stable at USD77 million, compared to USD79 million for the first quarter 2016."/>
Flagstar reports Q2 2016 net income of USD47m
First Republic Bank has priced USD400, 000,000 in aggregate principal amount of its subordinated notes due 2046, the company said. First Republic will pay interest on the subordinated notes semi-annually in arrears on February 1 and August 1 of each year, beginning on February 1, 2017. The offering is expected to close on or about August 1, 2016.."/>
First Republic prices USD400m subordinated notes offering
Webster Financial Corporation has declared a quarterly cash dividend of USD0.25 per share on its common stock, the company said. The dividend on the common shares will be payable August 22, 2016 to shareholders of record on August 8, 2016.. On its Series E preferred stock, Webster declared a quarterly cash dividend of USD400 per share."/>
Webster Financial declares common dividend
FirstMerit Corporation has reported second quarter 2016 net income of USD58.3 million, or USD0.34 per diluted share, the company said. Excluding merger-related charges and non merger-related real estate write-downs primarily due to branch consolidations of USD6.6 million, or USD4.3 million after tax, EPS was USD0.361 per diluted share. This compares with USD54.1 million, or USD0.31 per diluted share, for the first quarter 2016 and USD56.6 million, or USD0.33 per diluted..."/>
FirstMerit reports Q2 2016 net income of USD58m
Radian Announces Second Quarter 2016 Financial Results
Sound Financial Bancorp, Inc., the holding company for Sound Community Bank, today reported net income of $1.3 million for the quarter ended June 30, 2016, or diluted earnings per share of $0.49, as compared to net income of $1.1 million, or diluted earnings per share of $0.43, for the quarter ended March 31, 2016 and $1.2 million, or diluted earnings per share of $0.48, for the quarter ended June 30, 2015.. “We are pleased with the Company’ s performance for the first..."/>
Sound Financial Bancorp, Inc. Reports 2nd Quarter Net Income of $1.3 million or $0.49 per share
BFC Financial Corporation and BBX Capital Corporation announced today that they have entered into a definitive merger agreement between the companies. Under the terms of the merger agreement, which was unanimously approved by a special committee comprised of BBX's independent directors as well as the boards of directors of both companies, BBX's shareholders other than BFC will be entitled to receive, at their election, 5.4 shares of BFC's Class A..."/>
BFC Financial Corporation and BBX Capital Corporation Announce Definitive Agreement to Merge
Northeast Indiana Bancorp Inc on Wednesday declared a common stock cash dividend of USD0.21 per share. The dividend will be paid on 23 August 2016 to shareholders of record on 9 August 2016.. Also, the company said that the book value of its common stock was USD28.49 per share as of 30 June 2016."/>
Northeast Indiana declares USD0.21 per share quarterly dividend
American Capital Agency Corp reported on Wednesday that its board of directors approved a cash dividend of USD0.18 per share on the company's common stock for August 2016.. With an ex-dividend date of 29 August 2016, the dividend will be paid on 9 September 2016 to stockholders of record as of 31 August 2016. Also, the company said that it will declare its 31 July 2016 estimated net book value per common share in mid-August."/>
American Capital Agency declares August 2016 dividend of USD0.18 per share
Intercontinental Exchange, the leading global network of exchanges and clearing houses, today announced that ICE Benchmark Administration has appointed Dame DeAnne Julius, a founding member of the Monetary Policy Committee of the Bank of England, as a Director of IBA. The appointment is effective immediately. Dame DeAnne’ s appointment has been approved by the Financial Conduct Authority and she joins the following directors on the Board of IBA:."/>
ICE Benchmark Administration Appoints Dame DeAnne Julius to its Board of Directors
First Cash Financial Services, Inc., a leading international operator of retail pawn stores in the U.S. and Latin America, today announced revenue, net income and earnings per share for the three and six month periods ended June 30, 2016.. Rick Wessel, chief executive officer, stated,“ We are excited about our second quarter results that exceeded both our internal forecast and consensus earnings expectations. Exceptionally strong revenue growth in..."/>
First Cash Reports Strong Second Quarter Operating Results Driven by Growth of Latin American Revenue and Pawn Receivables; Company Declares Quarterly Cash Dividend
Safeguard Scientifics, Inc. today announced financial results for the three- and six-months ended June 30, 2016, as well as continued achievement of developmental milestones by Safeguard's 27 current partner companies. For the quarter ended June 30, 2016, Safeguard's net income was $39.0 million, or $1.92 per share, compared with a net loss of $19.0 million, or $0.91 per share, for the same quarter of 2015. For the six months ended June 30, 2016,..."/>
Safeguard Scientifics Announces Second Quarter 2016 Financial Results
Cash America International, Inc. announced today that net income for the second quarter of 2016 was $2,098,000 compared to net income of $2,071,000 for the second quarter of 2015. Included in the second quarter of 2016 results are $3.7 million of expenses before taxes related to the proposed merger with First Cash Financial Services, Inc., which is $2.3 million, or $0.10 per share, after taxes. Adjusted net income, a non-GAAP measure, for the second quarter of 2016..."/>
Cash America Announces Second Quarter Results and Dividend Declared
Talmer Bancorp Inc on Wednesday declared a net income of USD20.2m or USD0.28 earnings per diluted average common share for the second quarter of 2016, increased from the net income of USD17.5m or USD0.23 earnings per diluted average common share in the same period last year. Net interest income in the second quarter was USD57.4m, greatly increased from the net interest income of USD49.6m in the 2015 second quarter. Non-interest income was USD17.2m, down from the non-interest..."/>
Talmer Bancorp reports increased net income for Q2 2016 over Q2 2015
Detroit Free Press Susan Tompor column [Detroit Free Press]

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