Uncertain credit quality remains a cloud over bank valuations, but capital and reserve levels remain healthy. COVID-19 disruptions not nearly over. Another month of rising COVID-19 infections and hospitalizations across most of the U.S., and evidence that deaths are...
Freedom Bank of Virginia reported 2Q20 net income of $1.5 million, up 79.5% compared to the $850k posted in 1Q20 and 199.7% over the $509k recorded in the year-ago period. This translates to 2Q20 earnings per share of $0.21 compared to $0.11 in 1Q20 and $0.07 in 2Q19....
Howard Bancorp reported a 2Q20 net loss of $(29.4) million compared to 1Q20 net income of $3.3 million. This translates to EPS of $(1.57) in 2Q20 compared to $0.18 in 1Q20. There were several significant irregular or non-recurring items affecting 2Q20 results. The...
OFG reported 2Q20 net income to common shareholders of $20.2 million, up from the $0.2 million net loss posted in 1Q20. On a per share basis, 2Q20 results were $0.39 compared to $0.00 in the prior quarter. 2Q20 results included $6.0 million of one-time interest...
Popular reported a 2Q20 net income to common stockholders of $127.3 million, up 278.4% compared to the $33.6 million posted in 1Q20. On a per share basis, BPOP reported earnings of $1.49 compared to $0.37 in 1Q20. The 2Q20 results exceeded our $1.06 estimate and the...
WSFS: Discontinuing Coverage of WSFS Financial Corporation with a Final Price Target of $47.00 and a Final Rating of Outperform. WSFS Financial Corporation (WSFS – NASDAQ GS – Recent Price: $36.42) Rating: Outperform / Buy Price: $42.00 / Target (Sell)...
