First Niagara Financial Group (FNFG) Tops Q2 EPS by 1c

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Go back to First Niagara Financial Group (FNFG) Tops Q2 EPS by 1c

First Niagara Reports Second Quarter 2015 Results

July 24, 2015 7:05 AM EDT

Second Quarter 2015 Highlights:

Second quarter GAAP earnings of $0.15 per diluted share Revenues, excluding the impact of tax credit amortization, of $353 million increased 2% QOQ Noninterest income increased 9% driven by customer activity and favorable seasonal trends Net interest income stable QOQ Period-end commercial business loans increased 9% QOQ Average consumer loan growth increased 2% QOQ driven by Indirect Auto and Home Equity balances Strong commercial loan pipeline at the end of the second quarter Average transactional deposit balances increased 5% QOQ and averaged 37% of deposits Average consumer checking balances increased 12%... More

First Niagara Reports Second Quarter 2015 Results

July 24, 2015 7:05 AM EDT

Second Quarter 2015 Highlights:

Second quarter GAAP earnings of $0.15 per diluted share Revenues, excluding the impact of tax credit amortization, of $353 million increased 2% QOQ Noninterest income increased 9% driven by customer activity and favorable seasonal trends Net interest income stable QOQ Period-end commercial business loans increased 9% QOQ Average consumer loan growth increased 2% QOQ driven by Indirect Auto and Home Equity balances Strong commercial loan pipeline at the end of the second quarter Average transactional deposit balances increased 5% QOQ and averaged 37% of deposits Average consumer checking balances increased 12%... More