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Standpoint Downgrades Signature Bank to Hold
Wednesday, October 27, 2010 - 11:38am | 22Standpoint Research is downgrading Signature Bank (NASDAQ: SBNY) (all-time high) from Buy to Hold.
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Trustmark EPS Misses Expectations
Wednesday, October 27, 2010 - 10:31am | 131Trustmark (NASDAQ: TRMK) reported 3Q EPS of $0.40, which included $2.9 million of positive hedging results. Excluding this, core EPS of $0.37 was short of J.P Morgan's $0.42 estimate and a penny short of consensus at $0.38. The shortfall versus JPM's estimate appears to be expenses, which were...
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Benzinga's Top Upgrades (JKS, CR, CHKP, BBT)
Wednesday, October 27, 2010 - 10:20am | 165JinkoSolar Holding Co Ltd (NYSE: JKS) was upgraded by Auriga from “hold" to "buy." JKS' shares were up 3.04% to $28.85 at 9:44 AM. Shares of JinkoSolar have moved up 154.31% year-to-date. BofA/Merrill upgraded Crane Co (NYSE: CR) from “neutral” to "buy." CR's shares were up 0.68% to $38.31 at 9:...
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Cullen/Frost Reports Third Quarter EPS of $.90
Wednesday, October 27, 2010 - 9:06am | 62Cullen/Frost Bankers, Inc. (NYSE: CFR) today reported earnings for the third quarter of 2010 of $55.0 million, an increase of 23.0 percent over the $44.7 million reported for the same period in 2009. On a per-share basis, net income for the quarter was $.90 per diluted common share, compared to...
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Monarch Financial Reports Q3 EPS of $.19
Wednesday, October 27, 2010 - 9:05am | 198Monarch Financial Holdings, Inc. (Nasdaq: MNRK) reported the best third quarter profits in the company's history, along with strong mortgage growth and good asset quality. Third quarter 2010 highlights are: Record 3rd quarter net income of $1,511,726, up 31.1% from 2009 Net Interest...
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Tompkins Financial Corporation Reports Third Quarter EPS of $.69
Wednesday, October 27, 2010 - 9:02am | 100Tompkins Financial Corporation (TMP) reported net income of $7.5 million for the third quarter of 2010, a decrease of 11.46% from the $8.5 million reported for the same period in 2009. Net income of $24.9 million for the year-to-date period ended September 30, 2010, remains 5.60% ahead of the $23.6...
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Firstbank Corporation Announces Third Quarter EPS of $.12
Wednesday, October 27, 2010 - 8:46am | 98Thomas R. Sullivan, President and Chief Executive Officer of Firstbank Corporation (Nasdaq: FBMI), announced net income of $1,324,000 for the third quarter of 2010, compared to $1,217,000 for the third quarter of 2009, with net income available to common shareholders of $911,000 in the third...
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BOK Financial Reports Quarterly Earnings up 27% Y/Y
Wednesday, October 27, 2010 - 8:22am | 212BOK Financial Corporation (NASDAQ: BOKF) reported record net income for the third quarter of 2010 at $64.3 million or $0.94 per diluted share, up from $63.5 million or $0.93 per diluted share in the second quarter of 2010 and $50.7 million or $0.75 per diluted share for the third quarter of 2009....
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Oppenheimer Maintains FirstMerit Rating
Wednesday, October 27, 2010 - 8:09am | 114FirstMerit Corporation (NASDAQ: FMER) remains in an ideal financial and strategic position to continue to supplement organic growth opportunities within both of their core markets with additional bank acquisitions, Oppenheimer reports. Prices for potential M&A targets may come down in Chicago...
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Janney Montgomery Scott Upgrades BBT To Buy
Wednesday, October 27, 2010 - 7:31am | 50Analysts at Janney Montgomery Scott upgrade BB&T Corporation (NYSE: BBT) from "neutral" to "buy." The target price for BBT is set to $28. BBT's shares gained 0.81% to close at $22.50 yesterday. More Analyst Ratings here
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Trustmark Corporation Announces Third Quarter 2010 Financial Results with an EPS of $0.40 and Declares $0.23 Quarterly Cash Dividend
Tuesday, October 26, 2010 - 5:05pm | 113Trustmark Corporation (NASDAQ: TRMK) announced net income available to common shareholders of $25.9 million in the third quarter of 2010, which represented basic earnings per common share of $0.40. Trustmark's third quarter net income produced a return on average tangible common equity of 12.38%....
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Bridge Capital Holdings Reports Financial Results For the Third Quarter: EPS of $0.09
Tuesday, October 26, 2010 - 4:58pm | 139Bridge Capital Holdings (NASDAQ: BBNK), whose subsidiary is Bridge Bank, National Association, announced today its financial results for the third quarter and nine months ended September 30, 2010. The Company reported net operating income of $1.3 million for the three months ended September 30,...
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Trustmark Corporation Beats by $0.02 (TRMK)
Tuesday, October 26, 2010 - 4:53pm | 118Trustmark Corporation (NASDAQ: TRMK) reports Q3 earnings of $0.40 versus consensus of $0.38. Trustmark Corporation's net interest income was $90.9 million. TRMK's provision for loan losses totaled $12.3 million, with the company citing a decline in nonperforming assets. Tangible common equity to...
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Associated Banc-Corp Declares Quarterly Cash Dividend of 1 Cent
Tuesday, October 26, 2010 - 4:47pm | 38The Board of Directors of Associated Banc-Corp (Nasdaq: ASBC) today declared a regular quarterly cash dividend of one cent ($0.01) per share, payable on November 17, 2010, to shareholders of record on November 8, 2010.
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Cathay General Bancorp Announces Net Income of $0.17 Per Share
Tuesday, October 26, 2010 - 4:46pm | 233Cathay General Bancorp (Nasdaq: CATY) today announced results for the third quarter of 2010. THIRD QUARTER HIGHLIGHTS Improved profitability – Third quarter net income was $17.3 million compared to net income of $1.9 million in the second quarter of 2010 and compared to a net loss of $17.7...