First Niagara Financial Group (FNFG) Posts Mixed Q2 Results

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Go back to First Niagara Financial Group (FNFG) Posts Mixed Q2 Results

First Niagara Reports Second Quarter 2014 Results

July 25, 2014 7:15 AM EDT

Second Quarter Highlights:

Earnings of $0.19 per diluted share Revenues increased 1.5% QOQ Noninterest income improved 5% QOQ driven by seasonal increases in various categories Net interest income stable as balance sheet growth was offset by margin compression Organic loan growth continues, with average loans up 7% annualized QOQ Average commercial business and real estate loans increased 8% QOQ Momentum in average indirect auto loans continues with $137 million increase Transactional deposits up 12% QOQ driven by higher customer balances and account acquisitions Noninterest-bearing and interest-bearing checking deposit balances increased 18% and 7% QOQ Transactional deposits... More