-
Alliance Financial Corporation Reports Reports Q1 EPS of $0.70
Wednesday, April 13, 2011 - 4:01pm | 74Alliance Financial Corporation (Nasdaq: ALNC), the holding company for Alliance Bank, N.A., announced today a 20.3% increase in net income for the quarter ended March 31, 2011 compared to the first quarter of 2010. Net income was $3.3 million or $0.70 per diluted common share in the first...
-
StellarOne Corporation Announces Partial Repayment of TARP, Redeemed 7,500 Shares Of Preferred Stock, Paid $7.56M (STEL)
Wednesday, April 13, 2011 - 2:18pm | 234StellarOne Corporation (Nasdaq: STEL) today announced that it has redeemed 25% or 7,500 shares of its Fixed Rate Cumulative Perpetual Preferred Stock, Series A, it sold to the U.S. Department of the Treasury on December 19, 2008 as part of the Capital Purchase Program established by the Treasury...
-
Government To Lenders: Reimburse Homeowners Or Else! (BAC, C, JPM, WFC)
Wednesday, April 13, 2011 - 1:25pm | 190The federal government has told several different mortgage lenders and servicers today that they must reimburse homeowners who were incorrectly foreclosed upon. The Federal Reserve, Office of Thrift Supervision and Office of the Comptroller of the Currency told Ally Financial Inc., Aurora Bank,...
-
Valley National Bancorp Board of Directors Declares a 5% Stock Dividend
Wednesday, April 13, 2011 - 10:21am | 54Valley National Bancorp (NYSE: VLY), the holding company for Valley National Bank, today reported that its Board of Directors approved a five percent stock dividend payable May 20, 2011, to shareholders of record on May 6, 2011. Valley has declared a stock dividend or stock split for 20 straight...
-
Cardinal Reports Q1 EPs of $0.18 vs. $0.18
Wednesday, April 13, 2011 - 10:18am | 44Cardinal Financial Corporation (NASDAQ: CFNL) today announced earnings of $5.2 million, or $0.18 per diluted share, for the quarter ended March 31, 2011. This is a 37.39% increase over earnings of $3.8 million, or $0.13 per diluted share, for the same quarter in 2010.
-
Earnings Scheduled For April 13 (OZRK, JPM, NTIC, NG, PCBK, SJR)
Wednesday, April 13, 2011 - 12:14am | 169Bank of the Ozarks Inc (NASDAQ: OZRK) is expected to post its Q1 earnings at $0.69 per share on revenue of $45.53 million. JP Morgan Chase & Co (NYSE: JPM) is projected to report its Q1 EPS at $1.16 on revenue of $25.48 billion. Northern Technologies International Corp (NASDAQ: NTIC) is...
-
Century Bancorp, Inc. Announces 9% Earnings Growth for Q1 2011; 5% Asset Growth to $2.6BB
Tuesday, April 12, 2011 - 4:48pm | 55Century Bancorp, Inc. (NASDAQ: CNBKA) today announced net income of $3,725,000 for the quarter ended March 31, 2011, or $0.67 per share diluted, an increase of 8.9% compared to net income of $3,422,000, or $0.62 per share diluted, for the first quarter of 2010. Total assets increased 5.0% from $2.4...
-
Community Central Bank Corporation Receives Letter From Nasdaq Relating to Its Late Form 10-K
Tuesday, April 12, 2011 - 1:57pm | 174Community Central Bank Corporation (Nasdaq: CCBD), parent company of Community Central Bank, received a non-compliance notice from The Nasdaq Stock Market stating that the Company was not in compliance with the rules for continued listing because it has not timely filed its Annual Report on Form 10...
-
The Bank of South Carolina Reports First Quarter EPS of $0.14 vs. $0.16
Tuesday, April 12, 2011 - 1:52pm | 68The Bank of South Carolina, (NASDAQ: BKSC) announced earnings of $649,368 or $.14 per share, for the quarter ended March 31, 2011 – a decrease of 10.66% from earnings for the first quarter ended March 31, 2010 of $726,867 or $.16 per share. Returns on average assets and average equity for the...
-
United Community Banks Up 6% (UCBI)
Tuesday, April 12, 2011 - 12:36pm | 63United Community Banks, Inc. (NASDAQ: UCBI) shares are jumping this afternoon, gaining more than 6% on heavier than normal volume. At last check, shares of United Community Banks were up 14 cents to $2.53, a gain of 5.86%. United Community Banks, Inc. operates as the bank holding company for...
-
PAB Bankshares, Inc. Announces Receipt of NASDAQ Notice of Non-Compliance
Monday, April 11, 2011 - 4:16pm | 72PAB Bankshares, Inc. (Nasdaq: PABK), announced today that it received a letter from the NASDAQ Stock Market stating that the Company was not in compliance with NASDAQ Listing Rule 5250(c)(1) because the Company has not timely filed its Annual Report on Form 10-K for the year ended December 31,...
-
Earnings Preview For Bank Of The Ozarks (OZRK)
Monday, April 11, 2011 - 3:36pm | 217Bank of the Ozarks, Inc. (NASDAQ: OZRK) is reporting 2011 first-quarter earnings after the closing bell on Wednesday April 13. Analysts are looking for the company to earn $0.69 per share on revenues of $45.53 million. Earnings would decline over 26% year-over-year if the target is hit. Earnings...
-
Puts Purchased on TCF Financial Corporation (TCB)
Monday, April 11, 2011 - 1:41pm | 128Shares of TCF Financial Corporation (NYSE: TCB) are lower on the session by 1.10%, currently trading at $15.26. The stock had been moving largely higher over the past five months and is currently consolidating around the 50-day and 200-day moving averages. Options traders are buying puts on the...
-
UPDATE: J.P. Morgan Downgrading MB Financial, Cutting Price Target (MBFI)
Monday, April 11, 2011 - 7:46am | 232J.P. Morgan Chase & Co. is downgrading shares of MB Financial (NASDAQ: MBFI) to Neutral from Overweight, but is leaving its $23 price target. In a note to investors, J.P. Morgan writes, "In our 2011 Stockpicker's Guide we highlighted MBFI as our top pick for 2011. At the time, we viewed the...
-
JP Morgan Downgrades MB Financial To Neutral, PT At $23
Monday, April 11, 2011 - 7:05am | 25JP Morgan has downgraded MB Financial (NASDAQ: MBFI) from Overweight to Neutral and maintains its $23 price target.