Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $9.68 USD
Change Today +0.07 / 0.73%
Volume 2.0M
FNFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 5:20 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

first niagara financial grp (FNFG) Snapshot

Open
$9.63
Previous Close
$9.61
Day High
$9.70
Day Low
$9.55
52 Week High
06/23/15 - $9.86
52 Week Low
10/27/14 - $7.00
Market Cap
3.4B
Average Volume 10 Days
2.2M
EPS TTM
$0.66
Shares Outstanding
355.1M
EX-Date
08/3/15
P/E TM
14.7x
Dividend
$0.32
Dividend Yield
3.31%
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.

5,364 Employees
Last Reported Date: 07/24/15
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 Dividend on Common and Preferred Stock, Payable on August 17, 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 company's 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 August 17, 2015 to shareholders of record on August 5, 2015.

First Niagara Financial Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Full Year of 2015

First Niagara Financial Group Inc. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net interest income was USD 263,110,000 compared to USD 271,812,000 a year ago. Income before income tax was USD 81,062,000 compared to USD 88,754,000 a year ago. Net income available to common shareholders was USD 53,463,000 compared to USD 68,328,000 a year ago. Basic and diluted earnings per diluted share was USD 0.15 compared to USD 0.19 a year ago. Return on average assets was 0.63% compared to 0.80% a year ago. Return on average equity was 5.90% compared to 6.01% a year ago. Return on average common equity was 5.63% compared to 5.80% a year ago. Return on average tangible equity was 8.94% compared to 12.01% a year ago. Net revenue was USD 349,717,000 compared to USD 352,669,000 a year ago. Net operating income (non-GAAP) was USD 61,010,000 compared to USD 75,875,000 a year ago. Net operating income available to common shareholders (non-GAAP) was USD 53,463,000 compared to USD 68,328,000 a year ago. For the six months, the company's net interest income was USD 526,054,000 compared to USD 542,559,000 a year ago. Income before income tax was USD 152,447,000 compared to USD 163,789,000 a year ago. Net income available to common stockholders was USD 97,301,000 compared to USD 120,991,000 a year ago. Basic and diluted earnings per diluted share were USD 00.27 compared to USD 0.34 a year ago. Return on average assets was 0.58% compared to 0.72% a year ago. Return on average equity was 5.48% compared to 5.43% a year ago. Return on average common equity was 5.17% compared to 5.18% a year ago. Return on average tangible equity was 8.32% compared to 10.91% a year ago. Net operating income (non-GAAP) was USD 123,256,000 compared to USD 144,430,000 a year ago. Net operating income available to common shareholders (non-GAAP) was USD 108,162,000 compared to USD 129,336,000 a year ago. Net revenue was USD 694,905,000 compared to USD 700,140,000 a year ago. For the quarter, the company reported total net loan charge-offs of USD 15,994,000 against USD 13,911,000 a year ago. The company provided earnings guidance for the third quarter and full year of 2015. For the third quarter relevant to current consensus models. Overall, consensus expectation of USD 0.15 per share is consistent with expectations for the third quarter. Also, margin expectations are consistent with The Street view of approximately 2.97%. The company expects average earning assets to increase at low single digits annualized rates from the second quarter, facilitated by a 4% to 5% annualized loan growth and relatively stable investment security balance. The tax rate should average between 26% and 28%, inclusive of a modest amount of tax benefits related to tax credit investments. For the full year outlook for 30 to 35 basis points of originated net charge-offs is unchanged.

First Niagara Financial Group, Inc. Appoints Peggy Yankovich to Lead its Commercial Card and Payments Business

First Niagara Financial Group Inc. announced that Peggy Yankovich joined the bank's Treasury Management group to lead its commercial card and payments business. As Head of Commercial Card and Payments, Yankovich will lead all aspects of First Niagara's commercial payments including card-based solutions, product strategy, positioning, business management and sales enablement. The 28-year banking veteran joins First Niagara following eight years with HSBC Bank in New York City. Most recently, she served as Global Head of Commercial Card, responsible for creating, leading and executing HSBC's strategy to launch and manage products and enhancements across North America, Latin America, Europe, Middle East and Asia.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
FNFG:US $9.68 USD +0.07

FNFG Competitors

Market data is delayed at least 15 minutes.

Company Last Change
First Citizens BancShares Inc/NC $254.00 USD 0.00
First Horizon National Corp $15.82 USD +0.16
FirstMerit Corp $18.45 USD -0.51
Man Group PLC 162.40 GBp +11.40
Popular Inc $31.19 USD +0.06
View Industry Companies
 

Industry Analysis

FNFG

Industry Average

Valuation FNFG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.6x
Price/Book 0.9x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact FIRST NIAGARA FINANCIAL GRP, please visit www.firstniagara.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.