- Q2 net income of $53.5M or $0.15 per share vs. $43.8M and $0.12 in Q1, $68.3M and $0.19 one year ago.
- Net interest income of $263.1M vs. $262.9M in Q1, with NIM slipping five basis points.
- Noninterest income of $90M (after item) vs. $83M in Q1. Deposit service charges up 9%, inline with seasonal patterns. Merchant and card fees up 12% thanks to higher volumes. Wealth management services up 7%. Mortgage banking income up 18%.
- Noninterest expense of $248M slips $13M from Q1 (which included $18M in restructuring charges).
- Total loans up 4% Q/Q, with C&I loans up 9%. Average deposits of $28.2B up 6% annualized Q/Q.
- Conference call is underway.
- Previously: First Niagara beats by $0.01, misses on revenue (July 24)
- FNFG flat premarket
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Symbol | Last Price | % Chg |
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FNFG | - | - |
First Niagara Financial Group Inc. |