WSFS Financial Corporation 3Q19 Earnings Review

WSFS: 3Q19 Results Beat Estimates but Lowering EPS Estimates on Declining Interest Rate Environment; Maintaining Target Price; Downgrading to Neutral Rating.Overview:WSFS reported 3Q19 net income of $53.9 million, up $17.7 million or 48.8% compared to the $36.2...

Puerto Rico Economic Report & Opportunity Survey

Post-Hurricane Expansion Stalls Some, but Reasons for Optimism RemainOverview:The past several months have seen significant activity in Puerto Rico in a number of important areas, including government leadership, fiscal order, government reform, demographic and...

OFG Bancorp 3Q19 Earnings Review

OFG: Noisy Quarter Hides Favorable Trends; Raising EPS Estimates and Target Price; Reiterating Outperform Rating.Overview:OFG reported 3Q19 net income to common shareholders of $7.4 million, down 69.2% compared to the $22.4 million posted in 2Q19. On a per share...

Howard Bancorp, Inc. 3Q19 Earnings Review

HBMD: Loan Growth and Expense Control Counter Some NIM Pressures; Raising Estimates and Target Price; Reaffirming Neutral Rating.3Q19 Results:Howard Bancorp reported a 3Q19 net income of $4.6 million, up 122.1% compared to 2Q19 net income of $2.1 million. This...

Fulton Financial Corporation 3Q19 Earnings Review

FULT: Reduced NIM Outlook Leads to Lower EPS Estimates; Reducing Target Price, Reaffirming Neutral Rating.3Q19 Results:Fulton reported 3Q19 net income of $62.1 million or $0.37 per share, up 3.9% compared to the $59.8 million or $0.35 in 2Q19. Reported 3Q19 results...

Banking Overview

Alden produces research on the US banking sector including company reports, earnings reviews and industry releases. We are selective in our coverage and focus on banking companies and subsets of the bank industry that are not widely followed by other firms. Banking is a highly specialized field and we have the expertise to provide insights, particularly in under-followed small and micro-cap banks, where we feel our analysis can lead to unique insights and profitable investment opportunities. Our current coverage list includes over a dozen banks in the continental United States and Puerto Rico.

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