Regional – Pacific Banks

(SIVB) SVB Financial Beats Earnings and Revenues

SVB Financial Group (SIVB) reported first-quarter 2013 earnings of 90 cents per share, marginally surpassing the Zacks Consensus Estimate of 88 cents. This also compared favorably with the prior-year quarter’s earnings of 78 cents.

Better-than-expected...

14May2013 | | Comments Off on (SIVB) SVB Financial Beats Earnings and Revenues | Continued

(WABC) Westamerica Bancorp Stays Underperform

On Apr 23, 2013, we reiterated our long-term recommendation on Westamerica Bancorp. (WABC) at Underperform. This reflects Westamerica’s dismal first-quarter results, which declined both on a sequential and year-over-year basis.

Why...

29Apr2013 | | Comments Off on (WABC) Westamerica Bancorp Stays Underperform | Continued

(ZION) Zions Bancorp Capital Plan Gets Partial Federal Reserve Approval

Last week, the Federal Reserve notified Zions Bancorp (ZION) that it had approved certain strategic actions of its capital plan, which was submitted in regard to the Fed’s 2013 Capital Plan and Review (CapPR). However, Zions...

24Mar2013 | | Comments Off on (ZION) Zions Bancorp Capital Plan Gets Partial Federal Reserve Approval | Continued

(WABC) Westamerica Bancorp – Bear of the Day

Westamerica Bancorp’s (WABC) second quarter 2012 earnings were in line with the Zacks Consensus Estimate. Results were adversely impacted by lower revenue. Reduced non-interest expenses, improving credit quality and stable capital...

5Sep2012 | | Comments Off on (WABC) Westamerica Bancorp – Bear of the Day | Continued

(WABC) Westamerica Bancorporation Stays Underperform

We have reiterated our long-term ‘Underperform’ recommendation on Westamerica Bancorp. (WABC). Though the company’s second quarter results were in line with the Zacks Consensus Estimate, we believe that a weak interest rate...

27Aug2012 | | Comments Off on (WABC) Westamerica Bancorporation Stays Underperform | Continued

(WABC) Westamerica Bancorp Reports Earnings As Expected

Westamerica Bancorp.’s (WABC) second-quarter 2012 earnings of 75 cents per share were in line with the Zacks Consensus Estimate. This was also at par with the prior quarter earnings and a penny ahead of the prior-year quarter earnings.

Results...

17Jul2012 | | Comments Off on (WABC) Westamerica Bancorp Reports Earnings As Expected | Continued

(ZION) Zions Bancorp Outpaces on Lower Expenses

Zions Bancorp.(ZION) reported its first-quarter 2012 earnings per share of 33 cents, surpassing the Zacks Consensus Estimate of 26 cents. Also, this compared favorably with the prior-quarter earnings of 30 cents.

After considering...

1May2012 | | Comments Off on (ZION) Zions Bancorp Outpaces on Lower Expenses | Continued

(WABC) Westamerica Bancorp – Bear of the Day

We are downgrading our long-term recommendation on Westamerica Bancorp (WABC) from Neutral to Underperform based on weak fourth-quarter results and an overall sluggish economic environment. The company’s fourth quarter 2011...

6Mar2012 | | Comments Off on (WABC) Westamerica Bancorp – Bear of the Day | Continued

(ZION) Zions Bancorp Earnings Outpace Estimates

Zions Bancorp. (ZION) reported third quarter 2011 earnings of 40 cents per share, significantly ahead of the Zacks Consensus Estimate of 32 cents. However, this is below the prior quarter’s earnings of 45 cents per share.

However,...

26Oct2011 | | 0 comments | Continued

(ZION) Zions Bancorp Beats Third Quarter Earnings Estimates

Zions Bancorp. (ZION) reported third quarter 2010 loss per share of 47 cents, narrower than the Zacks Consensus Estimate of 51 cents per share loss. Results were a significant improvement over the prior and year-earlier quarters.

Zions...

18Oct2010 | | 0 comments | Continued

(WABC) U.S. Economy Hits 118 Bank Failures in 2010

The ongoing economic volatility took its toll on a few more banks last week. Eight more banks including ShoreBank, a big community bank based in Chicago, were shuttered by the U.S. regulators on Friday. This takes the total number of bank failures to 118 so far in 2010, compared with 140 in 2009,...

23Aug2010 | | 0 comments | Continued

(ZION) Zions Bancorporation Unloads CDO Risks

On Wednesday, Zions Bancorporation ( ZION ) entered into a total return swap (TRS) deal with Deutsche Bank AG (DB) to lessen credit risks for certain securities in...

30Jul2010 | | 0 comments | Continued

(ZION) Zions Prices $125 Million in Preferred Stock

On Friday, Zions Bancorp. (ZION) announced that it has priced 5 million preferred shares worth $125 million at an initial public offering price of $25 per depositary share. The offering is priced at an initial dividend rate of 11%.

Post...

14Jun2010 | | 0 comments | Continued

(ZION) Zions Bancorp Trims Loss – Earnings Surpass Estimates

On Monday, Zions Bancorp (ZION) reported first quarter 2010 net loss of $86.5 million or 57 cents per share, compared to a net loss of $176.5 million or $1.26 in the prior quarter and a net income of $852.3 million or $7.47 in the...

20Apr2010 | | 0 comments | Continued

(WABC) Westamerica Bancorp Earnings Report Beats by a Penny

Westamerica Bancorp. (WABC) reported first-quarter earnings per share of 80 cents, beating the Zacks Consensus Estimate and prior-quarter profit of 79 cents. However, earnings was lower than $1.80 per share reported in the year-ago...

14Apr2010 | | 0 comments | Continued

(ZION) Zions Bancorporation Sets Exchange Ratio for Notes

On Thursday, Zions Bancorporation (ZION) announced the exchange ratios for swapping its common stock to its outstanding non-convertible subordinated notes.

Deutsche Bank Securities Inc., a wing of Deutsche Bank AG...

27Mar2010 | | 0 comments | Continued

(USB) FDIC Figures Show U.S. Bank Failures Reach 26 in 2010

Though the economy is showing signs of a gradual recovery, tumbling home prices, soaring loan defaults and rising unemployment continue to take their toll on small banks. As a result, U.S. regulators on Friday shuttered four more banks in Florida,...

8Mar2010 | | 0 comments | Continued

(ZION) Zions Bancorporation’s Note Conversion Update

Zions Bancorporation (ZION) recently announced the beginning of an exchange offer to replace any or all of its currently outstanding non-convertible subordinated notes into shares of Zions’ common stock. This will be based on...

4Mar2010 | | 0 comments | Continued

(ZION) Zions Bancorp Analysts Upgrade to Neutral

Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Zions Bancorp. (ZION) to Neutral from Underperform. Although the current economic turmoil has weakened both...

23Feb2010 | | 0 comments | Continued

(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...

8Feb2010 | | 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...

26Jan2010 | | 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...

31Dec2009 | | 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...

28Dec2009 | | 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 the...

20Oct2009 | | 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 of San Joaquin...

19Oct2009 | | 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.

16Sep2009 | | 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 from...

16Sep2009 | | 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, but the credit...

4Sep2009 | | 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...

1Sep2009 | | 0 comments | Continued