First BanCorp Acquisition Announced

FBP: Solid Organic Growth Should Be Boosted by Pending Acquisition of Banco Santander Puerto Rico; Raising EPS Estimates and Price Target; Upgrading to Outperform Rating. First BanCorp announced an agreement to acquire Banco Santander Puerto Rico (BSPR) in an all-cash...

Eagle Bancorp 3Q19 Earnings Report

EGBN: Shows Continued Loan and Deposit Growth; Expect NIM Stabilization Next Year; Maintaining Target Price; Reiterating Outperform Rating. Eagle Bancorp reported 3Q19 net income available to common shareholders of $36.5 million, down 2.0% from the $37.2 million...

Customers Bancorp, Inc. 3Q19 Earnings Review

CUBI: Asset Mix Shift Drives NIM Expansion; BankMobile Posts Profit; Raising EPS Estimates and Target Price; Reiterating Outperform Rating. Customers Bancorp reported 3Q19 net income of $23.5 million, up 312.8% from the $5.7 million recorded in 2Q19. On a per share...

Popular, Inc. 3Q19 Earnings Review

BPOP: Reducing EPS Estimates on Unfavorable NIM Outlook. Raising Target Price and Reiterating Outperform Rating. Popular reported a 2Q19 net income to common stockholders of $164.4 million, down 5.8% compared to the $170.20 million posted in 2Q19. On a per share...

Bryn Mawr Bank Corporation 3Q19 Earnings Review

BMTC: Reduced NIM Outlook Drives Lower EPS Estimates, Reduced Target Price; Downgrading to Neutral Rating. Bryn Mawr reported 3Q19 net income of $16.4 million, up $0.6 million or 3.7% compared to the $15.8 million recorded in 2Q19. On a per share basis, 3Q19 EPS was...

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.