FRBA: Reports Good Loan Growth, Expense Control; Maintaining Target Price and Reaffirming Neutral Rating. First Bank reported 2Q19 net income of $2.8 million, down 33.5% from the $4.3 million recorded in the prior quarter. On a per share basis, earnings were $0.15...
OCFC: Market Expansion Leads to Jump in Loan Pipeline, Expense Reduction Efforts Continue Apace; Reducing EPS Estimates on NIM Pressures; Reducing Target Price; Downgrading to Neutral Rating OceanFirst Financial Corp. reported 2Q19 net income of $19.0 million, down...
BPOP: Asset Quality Improvements, Balance Sheet Growth Lead to Increased EPS Estimates; Maintaining Target Price; Reiterating Outperform Rating. 2Q19 Results: Popular reported a 2Q19 net income to common stockholders of $170.2 million, up 1.9% compared to the $167.0...
OLBK: Downgrading Stock to Neutral Following Agreement to be Acquired by WesBanco. Concurrent with its 2Q19 earnings release, Old Line Bancshares announced an agreement to be acquired by Wheeling, WV-based WesBanco, Inc. (WSBC) in an all-stock deal valued at...
Industry Comments: Economic Growth Continues at Solid Pace; Yield Curve Remains a Challenge; Modest Loan Growth and Modest NIM Compression Expected in 3Q19 Economic readings continue to show growth for the U.S. as we near the end of 3Q19. While the economy is still...
FBP: Loan Growth, Asset Quality Show Steady Improvement; Raising EPS Estimates Despite Poorer NIM Outlook; Maintaining Price Target; Reaffirming Neutral Rating. First BanCorp reported 2Q19 net income to common shareholders of $40.6 million, compared to the $42.6...
