NEW YORK, July 26, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please
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Today, Investors' Reports announced new research reports
highlighting BB&T Corporation (NYSE: BBT), FirstMerit
Corporation (NASDAQ: FMER), Boston Private Financial Holdings Inc.
(NASDAQ: BPFH), Fulton Financial Corporation (NASDAQ: FULT), and
Associated Banc-Corp (NASDAQ: ASBC). Today's readers may access
these reports free of charge - including full price targets,
industry analysis and analyst ratings - via the links below.
BB&T Corporation Research
Report
On July 18, 2013, BB&T
Corporation (BB&T) reported its financial results for Q2 2013.
Net income available to common shareholders was $547 million, an increase of 7.3% YoY. Diluted
earnings per share came in at $0.77,
an increase of 6.9% YoY. Commenting on the results, Chairman and
Chief Executive Officer Kelly S.
King said, "We are pleased to report the strongest quarterly
earnings in our history, supported by continued improvement in
diversification strategies. Our earnings were driven by 6%
annualized growth in revenues compared with last quarter, including
an 18% annualized increase in noninterest income. These results
reflect record performances from our insurance, investment banking
and brokerage, and trust and investment advisory businesses." The
Full Research Report on BB&T Corporation - including full
detailed breakdown, analyst ratings and price targets - is
available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-24/BBT]
--
FirstMerit Corporation Research
Report
On July 23, 2013, FirstMerit
Corporation (FirstMerit) reported its financial results for Q2
2013. The Company's net income went up to $48.5 million or $0.29 per diluted share, compared to net income
of $37.3 million or $0.33 per diluted share in Q1 2013, and net
income of $30.6 million or
$0.28 per diluted share in Q2 2012.
According to Chairman, President and CEO of FirstMerit,
Paul G. Greig, "FirstMerit's strong
second quarter financial results continued to reflect profitable
growth. We completed our acquisition of Citizens on April 12 and introduced the FirstMerit brand to
our new branch locations in Michigan and Wisconsin in June. As a combined company, we
are now focused on taking advantage of the many revenue growth
opportunities we see across our Midwest footprint. Our value
proposition provides consistently strong financial results
supported by strong credit quality, a solid balance sheet and high
capital levels." The Full Research Report on FirstMerit Corporation
- including full detailed breakdown, analyst ratings and price
targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-24/FMER]
--
Boston Private Financial Holdings Inc.
Research Report
On July 23, 2013, Boston Private
Financial Holdings Inc. (Boston Private) announced that BP Holdco,
L.P., an affiliate of The Carlyle Group, has agreed to sell 3.8
million shares of Boston Private common stock in an underwritten
at-the-market offering. The Company stated that the last reported
sale price of its common stock was $11.36 per share as of July 22, 2013. Further, Boston Private stated
that following this offering, BP Holdco, L.P. would own no shares
of the Company's common stock. The sole book-running manager for
the offering will be Citigroup, along with Sandler O'Neill +
Partners, L.P. as co-managers. The Full Research Report on Boston
Private Financial Holdings Inc. - including full detailed
breakdown, analyst ratings and price targets - is available to
download free of charge at:
[http://www.investorsreports.com/report/2013-07-24/BPFH]
--
Fulton Financial Corporation Research
Report
On July 23, 2013, Fulton Financial
Corporation (Fulton) reported its
financial results for Q2 2013. The Company's net income increased
to $40.6 million or $0.21 per diluted share, compared to net income
of $39.2 million or $0.20 per diluted share in Q1 2013. For H1 2013,
the Company's net income was $79.8
million, or $0.41 per diluted
share, an increase compared to net income of $78.0 million, or $0.39 per diluted share in H1 2012. According to
E. Philip Wenger, Chairman, CEO and
President, "In the second quarter, we continued to grow loans and
saw further improvement in our overall asset quality, enabling us
to again reduce the provision for credit losses. We were also
pleased to report a solid increase in non-interest income. However,
the quarter was not without its challenges. Despite an expanding
core deposit base, our net interest margin declined slightly due to
sustained pressure on asset yields. Other expenses were up as a
result of higher employee, regulatory compliance and risk
management costs." The Full Research Report on Fulton Financial
Corporation - including full detailed breakdown, analyst ratings
and price targets - is available to download free of charge at:
[http://www.investorsreports.com/report/2013-07-24/FULT]
--
Associated Banc-Corp Research
Report
On July 19, 2013, Associated
Banc-Corp. (Associated Bank) announced that James Fink will join the Company as the Senior
Vice President for Regional Commercial Lending. According to the
Company, Fink provides customized lending solutions and financial
planning to privately held business to meet their financial needs,
and has been hired by the Company to expand lending to the
construction industry in upper West region. Commenting on the
appointment, David Prince, Senior
Vice President, Commercial Banking Regional Director of Associated
Bank said, "Jim brings a wealth of commercial banking experience to
Associated Bank and is a great addition to the Regional Commercial
Lending team in Minnesota. I am
excited to have him on board." The Full Research Report on
Associated Banc-Corp - including full detailed breakdown, analyst
ratings and price targets - is available to download free of charge
at: [http://www.investorsreports.com/report/2013-07-24/ASBC]
----
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