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...

Publications Overview

Research is a core competency of the Firm; Alden focuses on providing in-depth analysis on individual sectors including financial services and energy. Our publications include bonafide research reports as well as market and sector commentary. We seek to generate value for our clients through differentiated thoughts and opinions, investment ideas, and management access opportunities. In addition to providing opinions on large-cap companies, we also research under-followed companies in niche markets where we take time to evaluate their businesses and the people who run them to uncover hard-to-find value. Our research publications include: Initial Reports, Company Updates, Earnings Previews, Earnings Reviews, Monthly Statistical Reviews, and other notes and reports. We provide our clients corporate access via conference calls and non-deal roadshows in either one-on-one or group settings.

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