Regional - Mid-Atlantic Banks
(UCBI) United Community Banks Misses Earnings
United Community Banks Inc. (UCBI) reported fourth quarter results on Friday. The company posted a net operating loss of $39.8 million, or 45 cents per share, compared to net operating loss of $46.7 million, or 99 cents per share in the year-ago quarter. The result came in worse...
1Feb2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Underperforms Expectations
Wilmington Trust Corporation (WL) reported a fourth quarter loss available to common shareholders of $15.7 million or 23 cents per share compared to a loss of $69.4 million or $1.02 per share in the year-ago quarter. The results lagged behind the Zacks Consensus Estimate of a...
1Feb2010 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation Beats Earnings Estimates
BB&T Corporation (BBT) reported fourth quarter operating earnings per share of 27 cents, substantially ahead of the Zacks Consensus Estimate of 20 cents and the reported figure of 23 cents in the prior quarter. However, earnings decreased from 51 cents in the year-ago quarter. During...
23Jan2010 | vitalstocks | 0 comments | Continued(UCBI) United Community Bank’s Loss Widens
United Community Banks Inc. (UCBI) reported third-quarter results on Friday. The company posted its fifth-straight quarterly net operating loss of $43.7 million, or 93 cents per share, compared to net operating loss of $39.9 million, or 84 cents per share in the year-ago quarter....
27Oct2009 | vitalstocks | 0 comments | Continued(BBT) BB&T Corporation Reports in Line – Down Significantly Year-Over-Year
BB&T Corporation’s (BBT) third quarter earnings of 23 cents per share were in line with the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 65 cents in the year-ago quarter. The year-over-year decrease in earnings was due primarily to a 94.8%...
19Oct2009 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust – Bear of the Day
Wilmington Trust’s (WL) second-quarter earnings came in ahead of the Zacks Consensus Estimate, aided by strong growth in client services business and improvement in net interest margin. However, credit quality deteriorated drastically during the reported quarter. In 2009,...
6Oct2009 | vitalstocks | 0 comments | Continued(BBT) Federally Insured Bank Failures Continue
Three more U.S. banks failed; tally reaches 84 this year Bank failures continue unabated as U.S. regulators on Friday closed down three more banks in California, Maryland and Minnesota. This takes the total number of failed federally insured banks this year to 84, compared to...
31Aug2009 | vitalstocks | 0 comments | Continued(BBT) Colonial BancGroup Officially Files Bankruptcy
Less than two weeks after Federal Deposit Insurance Corporation (FDIC) seized Colonial BancGroup’s (CBCG) banking operations, the holding company filed for Chapter 11 bankruptcy protection yesterday. Most of Colonial’s banking assets were sold to BB&T Corp. (BBT). The...
26Aug2009 | vitalstocks | 0 comments | Continued(BBT) BB&T Sells $750 million Shares following aquisition of Colonial BancGroup
BB&T Corp. (BBT) commenced a $750 million common stock offering for sale to the general public. Underwriters have a 30-day option to purchase up to an additional 15% of common stock from the company to cover over-allotments, if any. Proceeds from the sale will qualify as...
19Aug2009 | vitalstocks | 0 comments | Continued(BBT) Colonial Will Not Hurt BB&T
Yesterday, BB&T Corp. (BBT) said expected losses in the loan portfolio acquired from Colonial BancGroup (CBCG) of $5 billion will not have a negative impact on its earnings because of its loss-sharing agreement with the Federal Deposit Insurance Corporation (FDIC). Last Friday,...
19Aug2009 | vitalstocks | 0 comments | Continued