Regional - Pacific Banks
(WABC) Westamerica Bancorp Misses Earnings Estimates
Westamerica Bancorp.’s (WABC) reported fourth quarter earnings per share of 79 cents and missed the Zacks Consensus Estimate of 82 cents. Earnings were higher from 71 cents reported in the year-ago quarter but a couple of pennies below 81 cents reported in the prior quarter....
8Feb2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation’s Loss Slims as They Beat Earnings Estimates
On Monday, Zions Bancorporation (ZION) reported a fourth quarter 2009 net loss of $176.5 million or $1.26 per share, compared to a net loss of $179.5 million or $1.41 in the prior quarter and a net income of $498.1 million or $4.37 in the prior-year quarter. Results were substantially...
26Jan2010 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Replaces Cash with Stock for Top Executives
Focusing on damage control after the financial crisis, on Dec. 28, Zions Bancorporation (ZION) announced its decision of awarding bonus to its 25 top executives in the form of stock in lieu of cash payments. The decision has been made in order to conform to the regulations under...
31Dec2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Finishes Exchange Offer
In an attempt to enhance its financing position in the capital market, Zions Bancorporation (ZION) on Dec 22, 2009 announced its preliminary results of the stock exchange offer from its Series A Floating-Rate Non-Cumulative Perpetual Preferred Stock (Series A Preferred Stock)...
28Dec2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation Shows Continued Losses
Zions Bancorporation (ZION) reported a third quarter 2009 net loss applicable to common shareholders of $179.5 million or $1.41 per share, compared to net loss of $40.7 million or 35 cents per share in the prior quarter and a net income of $33.4 million or $0.31 per share in...
20Oct2009 | vitalstocks | 0 comments | Continued(CVBF) FDIC Makes it 99 U.S. Bank Failures Reach in 2009
U.S. bank failures continue unabated as U.S. regulators on Friday closed down San Joaquin Bank of Bakersfield, CA. This takes the total number of failed federally insured banks to 99 in 2009, compared to 25 in 2008 and 3 in 2007. As of September 29, San Joaquin Bank, a subsidiary...
19Oct2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorporation – Bear of the Day
Given the high competitive pressures in the banking industry, we expect continuous deposit pricing pressures as well as growth in higher cost funding accounts to weigh on Zions Bancorporation’s (ZION) net interest margins (NIM), creating headwinds on the revenue front. Loan...
16Sep2009 | vitalstocks | 0 comments | Continued(JOYG) Joy Global – Bull of the Day
We are confident about the long-term fundamentals of the mining industry, which is further supported by a sustainable secular shift in commodity demand in the emerging economies. This will provide Joy Global (JOYG) substantial growth potential once the global economy emerges...
16Sep2009 | vitalstocks | 0 comments | Continued(ZION) Zions Bancorp- Bear of the Day
While Zions Bancorp (ZION) net interest margin and deposit growth remain satisfactory, credit quality continues to deteriorate, necessitating high levels of loss provisions. The company has been successful in enhancing capital ratios and making efforts on the cost control front,...
4Sep2009 | vitalstocks | 0 comments | Continued(ZION) Zions Completes New Common Stock Offering
On August 27, Zions Bancorp (ZION) successfully completed a $250 million offering of new common stock. During the third quarter, the bank holding company issued 7.6 million common shares at an average price of $16.13 each, for gross proceeds of $123.5 million. During the second...
1Sep2009 | vitalstocks | 0 comments | Continued