More on First Niagara results

|About: First Niagara Financial ... (FNFG)|By:, SA News Editor

Net interest income of $280.3M gained 1% sequentially, with NIM up 1 basis point to 3.41%.

Noninterest income of $89.3M fell from $91.8M a year ago. Noninterest expenses of $227.1M fell from $238.8M a year ago.

Average total loans up 9% annualized from Q3, average commercial loans up 7%. Prepayments remain high "driven by the intense competitive landscape."

Allowance for loan losses of $209.3M up from $198M the previous quarter. Nonperforming assets to total assets ratio of 0.56% gained 3 basis points.

CC at 8 ET

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