Stock Blog Hub » Regional – Mid-Atlantic Banks

(BBT) BB&T Marginally Beats Earnings Estimates

vitalstocks — Sat, 21 Jan 2012 20:33:39 +0000

BB&T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year earnings of 30 cents. For the full year 2011, earnings came in at $1.83 per share, beating the [...]

(BBT) BB&T Marginally Beats Earnings Estimates

(BBT) Standard & Poor’s Revises Regional Bank Ratings

vitalstocks — Wed, 07 Dec 2011 21:57:06 +0000

In yet another round of credit ratings revision, Standard & Poor’s (S&P) announced changes in credit ratings for 31 regional banks. The list includes 28 publicly traded parent company banks, a non-public entity Bank of North Dakota and a couple of North American units of European banks. Some of the banks whose ratings were lowered [...]

(BBT) Standard & Poor’s Revises Regional Bank Ratings

(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates

vitalstocks — Sun, 24 Apr 2011 19:43:28 +0000

BB&T Corporation’s (BBT) first quarter 2011 earnings came in at 32 cents per share, surpassing the Zacks Consensus Estimate by a penny as well as improving from the prior-year quarter’s earnings of 27 cents. BB&T’s results reflected higher net interest margin and lower non-interest expenses. The quarter witnessed improved credit quality, enhanced capital ratios and [...]

(BBT) BB&T Earnings Report Moves a Penny Ahead of Estimates

(BBT) BBT Corporation’s Ratings Lowered by Moody’s

vitalstocks — Tue, 28 Dec 2010 00:01:43 +0000

On Monday, BB&T Corp.’s (BBT) senior debt and long-term deposit ratings were downgraded by Moody’s Investors Service, the ratings arm of Moody’s Corp. (MCO), as a result of concerns related to the company’s weaker credit profile. Moody’s cut BB&T’s long-term deposit rating to “A1” from “Aa3” and senior debt rating to “A2” from “A1”. The [...]

(BBT) BBT Corporation’s Ratings Lowered by Moody’s

(BBT) BB&T Analyst Upgrades Shares to Neutral

vitalstocks — Fri, 03 Dec 2010 06:38:13 +0000

We are upgrading our recommendation on BB&T Corp. (BBT) to Neutral from Underperform based on its balanced growth structure, continuous improvement in deposit mix and strong net interest margin (NIM). BB&T’s third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate. Adjusted earnings for the reported quarter [...]

(BBT) BB&T Analyst Upgrades Shares to Neutral

(BBT) BB&T Quarterly Earnings Beat by a Nickel

vitalstocks — Sun, 07 Nov 2010 20:09:29 +0000

BB&T Corporation’s (BBT) third quarter 2010 adjusted earnings came in at 31 cents, a nickel ahead of the Zacks Consensus Estimate of 26 cents. Adjusted earnings for the reported quarter leave out merger-related charges of one cent per share. Considering this non-recurring item, earnings per share for the reported quarter were 30 cents compared with [...]

(BBT) BB&T Quarterly Earnings Beat by a Nickel

(WL) Wilmington Trust – Bear of the Day

vitalstocks — Thu, 30 Sep 2010 14:46:48 +0000

We have downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington’s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate. Results were hurt primarily by higher loan loss provisions Incorporatedreased non-interest expense and weakness in the commercial construction [...]

(WL) Wilmington Trust – Bear of the Day

vitalstocks — Thu, 23 Sep 2010 15:10:03 +0000

We are downgrading our long-term recommendation on Wilmington Trust (WL) to Underperform based on deteriorating credit quality and its exposure to risky construction loans. Wilmington’s second quarter 2010 loss was substantially higher than the Zacks Consensus Estimate. Results were hurt primarily by higher loan loss provisions Incorporatedreased non-interest expense and weakness in the commercial construction [...]

(WL) Wilmington Trust – Bear of the Day

(BBT) BB&T to Reclassify Non-performing Loans

vitalstocks — Thu, 16 Sep 2010 04:58:47 +0000

On Tuesday, while speaking at Barclays Global Financial Services Conference, BB&T Corp.’s (BBT) chief executive officer (CEO) Mr. Kelly King stated that the company will reclassify more than $1 billion non-performing assets (NPAs) into loans held-for-sale in the third quarter 2010. Moreover, the company will try to sell these assets to investors over the next [...]

(BBT) BB&T to Reclassify Non-performing Loans

(BBT) BB&T Corporation – Bear of the Day

vitalstocks — Tue, 14 Sep 2010 13:19:39 +0000

We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Higher non-interest expense was among the negatives in BB&T’s second quarter earnings report. Current challenges related to the housing market and pressure on the credit quality raise concerns on near-term growth. BB&T has [...]

(BBT) BB&T Corporation – Bear of the Day

vitalstocks — Fri, 03 Sep 2010 15:30:31 +0000

We are downgrading our recommendation on BB&T (BBT) to Underperform based on concerns related to rising non-interest expenses and deteriorating credit quality. Second quarter 2010 earnings were in line with the Zacks Consensus Estimate. A higher non-interest expense was among the negatives. Current challenges related to housing market and pressure on the credit quality raise [...]

(BBT) BB&T Corporation – Bear of the Day

(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far

vitalstocks — Thu, 03 Jun 2010 13:20:51 +0000

The ongoing economic volatility has taken its toll on another set of banks last week. On Friday, five more were shuttered by U.S. regulators. Out of the five failed banks, three were based in Florida and one each in Nevada and California. This brings the total number of bank failures to 78 so far in [...]

(BOFL) U.S. Bank Failures Hit 78 in 2010 So Far

(WL) Wilmington Trust Corporation Analysts Upgrade to Neutral

vitalstocks — Thu, 04 Mar 2010 17:04:40 +0000

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Wilmington Trust Corporation (WL) to Neutral from Underperform. Although the current economic turmoil has weakened both the revenue growth and the operating leverage of Wilmington, we believe that once the economy stabilizes, it will have a [...]

(WL) Wilmington Trust Corporation Analysts Upgrade to Neutral

(WL) Wilmington Trust Corporation Begins Stock Offering

vitalstocks — Wed, 24 Feb 2010 18:13:53 +0000

In order to increase capital and enhance its liquidity, on Feb 22, 2010, Wilmington Trust Corp. (WL) announced the beginning of the public offering of its 18,875,000 shares that have been underwritten on its common stock. At $13.25 per share, the gross total stock offering is valued at about $250 million. For this, Wilmington has [...]

(WL) Wilmington Trust Corporation Begins Stock Offering

(SASR) Small Bank Stocks Are Hot

Shawn — Tue, 09 Feb 2010 21:10:43 +0000

As always I start my quest for the next great stock by taking the new high list on Barchart and sorting for frequency. I then take the top 10 and look for something interesting. Yesterday when all the major banks were getting hit on the chin the smaller and regional banks seemed to be doing [...]

(SASR) Small Bank Stocks Are Hot

(UCBI) United Community Banks Misses Earnings

vitalstocks — Mon, 01 Feb 2010 23:12:41 +0000

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 than the Zacks Consensus Estimate for a [...]

(UCBI) United Community Banks Misses Earnings

(WL) Wilmington Trust Corporation Underperforms Expectations

vitalstocks — Mon, 01 Feb 2010 18:08:03 +0000

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 gain of 4 cents. Wilmington results reflected increases in [...]

(WL) Wilmington Trust Corporation Underperforms Expectations

(BBT) BB&T Corporation Beats Earnings Estimates

vitalstocks — Sat, 23 Jan 2010 21:26:09 +0000

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 the quarter, BB&T’s results were driven by strong mortgage banking [...]

(BBT) BB&T Corporation Beats Earnings Estimates

(UCBI) United Community Bank’s Loss Widens

vitalstocks — Wed, 28 Oct 2009 04:01:20 +0000

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. The result also missed the Zacks Consensus Estimate for a 91-cents [...]

(UCBI) United Community Bank’s Loss Widens

(BBT) BB&T Corporation Reports in Line – Down Significantly Year-Over-Year

vitalstocks — Mon, 19 Oct 2009 16:24:54 +0000

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% increase in provision for credit losses and other costs related to the [...]

(BBT) BB&T Corporation Reports in Line – Down Significantly Year-Over-Year

(WL) Wilmington Trust – Bear of the Day

vitalstocks — Tue, 06 Oct 2009 18:54:41 +0000

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, both S&P and Moody’s lowered their outlooks on the company to negative and downgraded the ratings based [...]

(WL) Wilmington Trust – Bear of the Day

(BBT) Federally Insured Bank Failures Continue

vitalstocks — Mon, 31 Aug 2009 16:05:26 +0000

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 25 in 2008 and 3 in 2007. The failed banks [...]

(BBT) Federally Insured Bank Failures Continue

(BBT) Colonial BancGroup Officially Files Bankruptcy

vitalstocks — Wed, 26 Aug 2009 20:57:16 +0000

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 shutdown of Colonial BancGroup’s banking operations is the biggest bank failure so far this year, and the [...]

(BBT) Colonial BancGroup Officially Files Bankruptcy

(BBT) BB&T Sells $750 million Shares following aquisition of Colonial BancGroup

vitalstocks — Wed, 19 Aug 2009 22:57:32 +0000

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 tangible common equity and Tier 1 regulatory capital. BB&T [...]

(BBT) BB&T Sells $750 million Shares following aquisition of Colonial BancGroup

(BBT) Colonial Will Not Hurt BB&T

vitalstocks — Wed, 19 Aug 2009 21:51:13 +0000

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, BB&T took control of Colonial after it was seized by regulators. As a [...]

(BBT) Colonial Will Not Hurt BB&T