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...
OFG: Growing Loan Originations, Reduced NPAs and Favorable Balance Sheet Moves Help Offset NIM Pressures; Raising Target Price; Upgrading to Outperform Rating. OFG reported 2Q19 net income to common shareholders of $22.4 million, up 2.3% compared to the $21.8 million...
BMTC: NIM Compression Drives Reduced EPS Estimates, Reduced Target Price; Reiterating Outperform Rating. Bryn Mawr reported 2Q19 net income of $15.8 million, up $5.1 million or 47.8% compared to the $10.7 million recorded in 1Q19. On a per share basis, 2Q19 EPS was...
EGBN: Reducing EPS Estimates on Elevated Expense and Lower NIM Outlook, Despite Strong Loan Growth; Lowering Target Price; Reiterating Outperform Rating. Eagle Bancorp reported 2Q19 net income available to common shareholders of $37.2 million, up 10.4% from the $33.7...
