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Last $8.86 USD
Change Today -0.15 / -1.66%
Volume 2.7M
FNFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

first niagara financial grp (FNFG) Snapshot

Open
$8.93
Previous Close
$9.01
Day High
$9.04
Day Low
$8.85
52 Week High
03/16/15 - $9.20
52 Week Low
10/27/14 - $7.00
Market Cap
3.1B
Average Volume 10 Days
2.5M
EPS TTM
$0.70
Shares Outstanding
351.1M
EX-Date
05/1/15
P/E TM
12.7x
Dividend
$0.32
Dividend Yield
3.61%
Current Stock Chart for FIRST NIAGARA FINANCIAL GRP (FNFG)

first niagara financial grp (FNFG) Related Businessweek News

No Related Businessweek News Found

first niagara financial grp (FNFG) Details

First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company’s deposit products include savings and money market, and certificate of deposit accounts, as well as municipal deposits. Its loan portfolio comprise commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and other consumer loans, such as personal secured and unsecured loans, and overdraft lines of credit. The company also offers wealth management services through various third party investment vehicles comprising separately managed accounts, bonds, exchange traded funds, and mutual funds, as well as provides retirement planning, education funding, and wealth protection products and services, such as stocks, bonds, mutual funds, annuities, life insurance, long term care insurance, and advisory products. In addition, it sells insurance products consisting of business and personal insurance, surety bonds, life, disability, and long-term care coverage products; and offers risk management advisory services, such as alternative risk and self-insurance, claims investigation and adjusting, and third party administration of self-insured workers’ compensation plans, as well as provides treasury management services. As of December 31, 2014, the company operated a network of 411 bank branches, which included 194 in New York primarily located near Buffalo, Rochester, Syracuse, and Albany; 122 branches in Pennsylvania situated near Philadelphia, Pittsburgh, Erie, and Warren; 84 branches in Connecticut located near New Haven and Hartford; and 11 in Western Massachusetts situated near Springfield. First Niagara Financial Group, Inc. was founded in 1870 and is headquartered in Buffalo, New York.

5,322 Employees
Last Reported Date: 04/24/15
Founded in 1870

first niagara financial grp (FNFG) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $997.7K
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $562.6K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $483.9K
Executive Vice President of Consumer Financia...
Total Annual Compensation: $446.3K
Executive Vice President of Commercial Financ...
Total Annual Compensation: $439.6K
Compensation as of Fiscal Year 2014.

first niagara financial grp (FNFG) Key Developments

First Niagara Financial Group, Inc. Declares Quarterly Dividends on Common and Preferred Shares, Payable on May 15, 2015

First Niagara Financial Group Inc. announced that the company's Board of Directors declared a quarterly dividend of $0.08 per share on outstanding FNFG common stock. The company's Board of Directors also declared a quarterly preferred stock dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, Series B. Both dividends will be payable on May 15, 2015 to shareholders of record on May 5, 2015.

First Niagara Financial Group Inc. Announces Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Reports Net Charge-Offs for the First Quarter of 2015

First Niagara Financial Group Inc. announced consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported GAAP net income available to common shareholders of $43.838 million, or $0.12 per basic and diluted share for the first quarter of 2015, compared to $52.663 million, or $0.15 per basic and diluted share, for the quarter ended March 31, 2014. Excluding certain non-operating restructuring items incurred during the first quarter of 2015, operating net income available to common shareholders was $54.7 million, or $0.15 per diluted share, compared to $61.0 million, or $0.17 per diluted share in the year-ago quarter. Total interest income was $296.651 million against $300.065 million a year ago. Net interest income was $262.944 million against $270.747 million a year ago. Net interest income after provision was $250.179 million against $247.047 million a year ago. Income before income tax was $71.385 million against $75.035 million a year ago. Return on average equity was 5.05% against 4.85% a year ago. Return on average tangible equity was 7.68% against 9.79% a year ago. Return on average common equity was 4.69% against 4.55% a year ago. Return on average tangible common equity was 7.48% against 9.90% a year ago. Return on average assets was 0.65% against 0.74% a year ago. Book value per common share as on March 31, 2015 was $10.80 against $13.40 as on March 31, 2014. Tangible book value per common share as on March 31, 2015 was $6.78 against $6.15 as on March 31, 2014. Net operating income (Non-GAAP) was $62.246 million against $68.555 million a year ago. Net operating income available to common stockholders (Non-GAAP) was $54.699 million against $61.008 million a year ago. First quarter 2015 GAAP net interest income decreased $7 million or 3% from the prior quarter to $263 million. Approximately half of the sequential decline in net interest income was driven by two less days in the first quarter. The remainder of the decrease was driven by lower commercial real estate prepayment fees, deposit promotional pricing campaigns as well as the continued impact of reinvestments and re-pricing of assets in the current low interest rate environment. For the first quarter, the company’s total net charge-offs in the first quarter was equaled $17.278 million compared to $18.637 million a year ago.

First Niagara Financial Group Inc. to Report Q1, 2015 Results on Apr 24, 2015

First Niagara Financial Group Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Apr 24, 2015

 

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Industry Analysis

FNFG

Industry Average

Valuation FNFG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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