FULT: Strong Fee Income Leads to Better-Than-Expected 2Q19 Results; Reducing EPS Estimates Slightly on Declining Rate Environment; Reducing Target Price, Reaffirming Neutral Rating. 2Q19 Results: Fulton reported 2Q19 net income of $59.8 million or $0.35 per share, up...
Flat yield curve drives bank stock valuations down, despite signs of continued, though slower, economic growth The outlook for the U.S. economy continues to grow more subdues. We have not heard any predictions of a recession in 2019, but the word is appearing in more...
Slower economic growth and unfavorable yield curve present challenges, still anticipating modest EPS growth for banks in the first quarter of 2019. The economy continues to perform well in 2019, though there’s no question that the pace of growth has slowed compared to...
Old Line reported 3Q18 net income of $10.2 million, up 23.0% from the $8.3 million recorded in 3Q18. On a per share basis, 4Q18 came in at $0.59 versus the $0.48 posted in 3Q18 and the $0.46 recorded in the year-ago quarter. Included in 3Q18 results was $2.3 million...
The Puerto Rico economy faces significant challenges related to the government debt crisis and the hurricane recovery, but insurance proceeds and federal recovery funds, coupled with initiatives by the private sector, are providing a significant boost the economy in...
