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JPM vs. WFC: Which Big Bank Stock Deserves a Spot in Your Portfolio?
ZACKS· 2025-07-11 15:11
Key Takeaways JPMorgan plans 500 new branches by 2027 and expects 2025 NII of $94.5B, up nearly 2% year over year. Wells Fargo can now grow beyond its lifted asset cap, aiding NII and fee-based business expansion. JPM holds the top spot for global IB fees, supporting performance despite near-term economic uncertainty.JPMorgan (JPM) and Wells Fargo (WFC) are major U.S. banking giants with strong retail and commercial banking operations and are impacted by interest rate trends and economic cycles.JPMorgan i ...
Brookline Bancorp, Inc. Announces Second Quarter 2025 Earnings Release Date and Conference Call
Globenewswire· 2025-07-07 20:05
Group 1 - Brookline Bancorp, Inc. will report its second quarter 2025 earnings on July 23, 2025, with a conference call scheduled for July 24, 2025, at 1:30 PM Eastern Time [1] - The company has $11.5 billion in assets and operates branches in Massachusetts, Rhode Island, and New York [2] - Brookline Bancorp offers a variety of banking services, including commercial, business, and retail banking, as well as cash management products and investment services [2] Group 2 - The company provides equipment financing through its subsidiary Eastern Funding and wealth management services through Clarendon Private [2] - Interested parties can access the conference call via a dedicated link or by dialing specific numbers for the United States and international listeners [1] - A recorded playback of the conference call will be available for one week after the event [1]
Synovus Financial (SNV) 2019 Earnings Call Presentation
2025-07-04 14:45
Financial Performance & Growth - Synovus' diluted Earnings Per Share (EPS) increased from $189 in 2016 to $399 in Q1 2019, representing a 26% Compound Annual Growth Rate (CAGR)[39] - Adjusted Return on Average Tangible Common Equity (ROATCE) increased by 860 basis points from 852% in 2016 to 1752% in Q1 2019[39] - Synovus is targeting a sustained 10+% CAGR in EPS growth, with a Return on Assets (ROA) of approximately 145%, an adjusted tangible efficiency ratio of approximately 50%, and a Return on Tangible Common Equity (ROTCE) of approximately 170%[47, 48] - The company reported adjusted diluted EPS of $098 in Q1 2019, a 151% increase year-over-year[50] Merger & Acquisition - The merger with Florida Community Bank (FCB) significantly strengthens Synovus' Florida footprint, making it >1/3 of the pro forma franchise[34] - Synovus expects to surpass $30 million in FCB-related cost savings in 2019 and complete the full conversion in Q2 2019[63] - The FCB merger is projected to result in a ~17% Internal Rate of Return (IRR) and a ~17% ROATCE[124] Balance Sheet & Credit Quality - As of Q1 2019, Synovus had total assets of $47 billion and loans of $36 billion[22] - The company's loan growth in Q1 2019, including FCB, annualized to 46%, compared to a standalone Synovus loan growth of 16% in Q1 2018[128] - The Net Charge-Off (NCO) ratio was 019% in Q1 2019[55] 2019 Outlook - Synovus anticipates loan growth of 55% to 75% and revenue growth of 55% to 75% for 2019[60] - The company projects adjusted non-interest expense growth of 2% to 4% in 2019, excluding amortization of intangibles of approximately $14 million[60]
First Commonwealth Finalizes Conversion of Cincinnati's Former CenterBank
Globenewswire· 2025-06-09 20:30
INDIANA, Pa., June 09, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Bank, a subsidiary of First Commonwealth Financial Corporation (NYSE: FCF), completed its systems conversion and rebranding of the former CenterBank in Cincinnati, Ohio, over the weekend of June 6-8. Legal closing of the CenterBank acquisition was completed on April 30, 2025 and included $348.4 million in total assets, three branch locations, a loan production office, and a mortgage center. This transaction significantly increases First Com ...
QNB Corp. Declares Q2 2025 Dividend
Globenewswire· 2025-05-20 15:15
Group 1 - QNB Corp. declared a quarterly cash dividend of $0.38 per share, payable on June 27, 2025 [1] - The record date for shareholders to receive the dividend is June 13, 2025 [1] Group 2 - QNB Corp. operates through its subsidiary, QNB Bank, which has twelve banking offices [2] - QNB Corp.'s stock is traded in the over-the-counter market under the symbol "QNBC" [2]
J&T Finance Group and KBC announce strategic acquisition of 365.bank by KBC, expanding its presence in Slovakia and Central and Eastern Europe
Globenewswire· 2025-05-15 05:02
Core Viewpoint - KBC Bank NV has agreed to acquire a 98.45% stake in 365.bank for EUR 761 million, enhancing its presence in Slovakia and Central and Eastern Europe [1][2]. Transaction Details - The acquisition price represents a 1.4x multiple of the December 2024 book value and a 9.4x P/E based on average net profit from 2022 to 2024 [2]. - The transaction is subject to regulatory and anti-trust approvals and is expected to close by the end of 2025 [3]. Market Position and Impact - 365.bank holds a 3.7% market share by assets in Slovakia as of December 2024, with a strong focus on retail banking [1]. - The combination of ČSOB and 365.bank is projected to create a banking group with approximately 20% market share in net retail loans and mortgages [4]. Strategic Benefits - The acquisition will allow KBC to leverage 365.bank's unique distribution model and expand its customer reach across Slovakia [4]. - Other entities within the ČSOB Financial Group will benefit from cross-selling opportunities to 365.bank's retail customer base [5]. Company Profiles - 365.bank is a fully digital retail bank with total assets of €4.7 billion and shareholders' equity of €551 million as of December 2024 [10]. - KBC Group, through its subsidiary ČSOB, is a leading banking entity in Slovakia, focusing on both organic and inorganic growth strategies [11].
Brookline Bancorp Announces First Quarter Results
Globenewswire· 2025-04-23 20:05
Net Income of $19.1 million, EPS of $0.21 Operating Earnings of $20.0 million, Operating EPS of $0.22 Quarterly Dividend of $0.135 BOSTON, April 23, 2025 (GLOBE NEWSWIRE) -- Brookline Bancorp, Inc. (NASDAQ: BRKL) (the “Company”) today announced net income of $19.1 million, or $0.21 per basic and diluted share, for the first quarter of 2025, compared to net income of $17.5 million, or $0.20 per basic and diluted share, for the fourth quarter of 2024, and $14.7 million, or $0.16 per basic and diluted share, f ...