Fulton Financial raises FY21 NII outlook to $655M-$665M from $640M-$660M » 06:3810/2010/20/21
Sees a negative provision…
PacWest Bancorp price target raised to $62 from $56 at Piper Sandler » 06:0510/2010/20/21
Piper Sandler analyst…
Fulton Financial reports Q3 EPS 45c, consensus 32c » 19:3710/1910/19/21
Reports Q3 NII $171.3M…
Reports Q3 NII $171.3M vs. $154.1M last year. Reports Q3 provision for credit loss of ($600K) vs. $7.1M last year and net interest margin of 2.82% vs. 2.70% last year. "Fulton achieved strong financial performance during the quarter, including continued record earnings per share," said E. Philip Wenger, CEO. "We were pleased to see areas of loan growth that we haven't seen in previous quarters. Our core commercial and consumer businesses were solid, asset quality remained stable, and our pipelines are improving. In addition, mortgage banking delivered strong earnings and wealth management grew to record highs in income and assets under management and administration."
Fly Intel: After-Hours Movers » 18:2110/1910/19/21
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Equity Bancshares reports Q3 EPS 80c, consensus 72c » 18:2010/1910/19/21
Reports Q3 provision of…
Reports Q3 provision of $1.1M in the allowance for credit losses recognized through the provision for credit losses as compared to a net release of $1.7M in the previous quarter. The comparative increase was primarily driven by an increase in reserves on specifically assessed assets which was partially offset by improving trends in the Company's loss experience and moderating economic impacts. Reports Q3 net charge-offs of $129,000 as compared to $567,000 in the previous quarter. "As the founder of Equity Bank, our results this quarter are particularly satisfying, as we celebrate continued loan growth, excellent earnings and our first cash stock dividend while simultaneously closing the largest acquisition in our history. I am grateful to our loyal employees and stockholders as we continue to grow and improve Equity Bank," said Brad S. Elliott, Chairman and CEO of Equity.
SmartFinancial reports Q3 adjusted EPS 63c, consensus 39c » 17:0410/1910/19/21
Billy Carroll, President…
Billy Carroll, President & CEO, stated: "Our company is continuing to perform at a very high level, and we are extremely pleased with our results and accomplishments this quarter. In addition to our solid financial performance, we closed our SCB transaction and added several outstanding, seasoned bankers to our staff. The momentum around our team is strong and I am very excited with the direction of our company."
Reliant Bancorp reports Q3 adjusted EPS 87c, consensus 69c » 17:0210/1910/19/21
Net interest margin…
Net interest margin increased to 4.22% at September 30, 2021, an increase of 8 basis points from the previous quarter and a decrease of 32 basis points from the third quarter of 2020.
United Community Banks reports Q3 net interest margin 3.12%, down 7 bps vs. Q2 16:3310/1910/19/21
United Community Banks reports Q3 operating EPS 83c, consensus 66c » 16:3210/1910/19/21
Reports Q3 revenue…
Reports Q3 revenue $192.2, consensus $172.37M.
Wintrust Financial reports Q3 EPS $1.77, consensus $1.51 » 16:2510/1910/19/21
Reports Q revenue $424M,…
Reports Q revenue $424M, consensus $407.71M . Edward J. Wehmer, Founder and Chief Executive Officer, commented, "The third quarter of 2021 was characterized by significant organic loan and deposit growth, increased net interest income, strong mortgage banking revenue, record wealth management revenue, tangible book value growth and very good credit quality metrics. Wintrust reported net income of $109.1 million for the third quarter of 2021, up from $105.1 million in the second quarter of 2021. On a year-to-date basis, net income totaled $367.4 million for the first nine months of 2021, up from $191.8 million in the first nine months of 2020, a 92% increase. The Company continues to grow as total assets of $47.8 billion as of September 30, 2021 increased by $1.1 billion as compared to June 30, 2021 and increased by $4.1 billion as compared to September 30, 2020."