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More on First Niagara (FNFG -1.1%) Q4 earnings: Focus on deposit acquisition has...

More on First Niagara (FNFG -1.1%) Q4 earnings: Focus on deposit acquisition has interest-bearing deposits about doubled Y/Y to $4.45B. Total deposits +42% Y/Y to $27.7B. Total loans and leases +20% Y/Y. Nonperforming assets ratio of 0.5%, up 8 bps from Q3, thanks to new guidance from the OCC. Net interest margin -8 bps to 3.46%. (PR)
Comments (1)
  • linkdonald
    , contributor
    Comments (494) | Send Message
     
    It would appear that the expected accretive earnings from the recent aquisition have been delayed. While the increase in deposits and loans is favorable, it is apparent that the integration process leaves something to be desired; a factor that may be considered by shareholders at the next director's vote.
    23 Jan 2013, 06:37 PM Reply Like
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