Last $8.27 USD
Change Today -0.06 / -0.72%
Volume 2.3M
FNFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

first niagara financial grp (FNFG) Snapshot

Open
$8.33
Previous Close
$8.33
Day High
$8.35
Day Low
$8.20
52 Week High
11/27/13 - $11.23
52 Week Low
10/27/14 - $7.00
Market Cap
2.9B
Average Volume 10 Days
5.3M
EPS TTM
$-0.05
Shares Outstanding
355.3M
EX-Date
11/3/14
P/E TM
--
Dividend
$0.32
Dividend Yield
3.87%
Current Stock Chart for FIRST NIAGARA FINANCIAL GRP (FNFG)

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first niagara financial grp (FNFG) Details

First Niagara Financial Group, Inc. operates as the bank holding company for First Niagara Bank, N.A. that provides retail and commercial banking, and other financial services to individuals, families, and businesses. The company’s deposit products include savings and money market, and certificate of deposit accounts, as well as municipal deposits. Its loan portfolio include commercial business loans; commercial real estate and multi-family lending products; residential real estate lending products; home equity lending products; indirect automobile lending products; credit cards; and consumer loans, including personal secured and unsecured loans, and overdraft lines of credit. The company also offers wealth management services to manage client funds utilizing various third party investment vehicles comprising separately managed accounts, bonds, exchange traded funds, and mutual funds, as well as provides retirement planning, education funding, and wealth protection products and services, such as stocks, bonds, mutual funds, annuities, life insurance, long term care insurance, and advisory products. In addition, it sells insurance products comprising business and personal insurance, surety bonds, life, disability, and long-term care coverage products; and offers risk management advisory services, such as alternative risk and self-insurance, claims investigation and adjusting, and third party administration of self-insured workers’ compensation plans, as well as provides treasury management services, such as account reconciliation, remote deposit capture, ACH payments, and cash vault services. As of January 24, 2014, the company operated 420 branches in New York, Pennsylvania, Connecticut, and Massachusetts. First Niagara Financial Group, Inc. was founded in 1870 and is headquartered in Buffalo, New York.

5,768 Employees
Last Reported Date: 11/10/14
Founded in 1870

first niagara financial grp (FNFG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.8M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $528.0K
Chief Risk Officer and Executive Vice Preside...
Total Annual Compensation: $469.2K
Executive Vice President of Retail Banking
Total Annual Compensation: $416.7K
Compensation as of Fiscal Year 2013.

first niagara financial grp (FNFG) Key Developments

First Niagara Financial Group Appoints Brian M. Dempsey as Principal Accounting Officer

Effective October 29, 2014, First Niagara Financial Group Inc. has appointed Brian M. Dempsey, 37, Senior Vice President and Corporate Controller, as its Principal Accounting Officer. Mr. Dempsey joined First Niagara in October 2009, as First Vice President and Corporate Reporting Manager. In January 2013, he became the Director of Finance Accounting responsible for all external reporting and on August 1, 2014, he became the interim Controller and interim Principal Accounting Officer. Prior to joining First Niagara, Mr. Dempsey was a Senior Manager at the accounting firm PricewaterhouseCoopers LLP, where he audited various banks and financial service companies.

First Niagara Financial Group, Inc. Declares Quarterly Dividend on Common and Preferred Stock, Payable on November 17, 2014

First Niagara Financial Group Inc. announced that the company's board of directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock. The company's board of directors also declared a quarterly preferred stock dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, Series B. Both dividends will be payable on November 17, 2014 to shareholders of record on November 5, 2014.

First Niagara Financial Group Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Goodwill Impairment for the Third Quarter Ended September 30, 2014 and Provides Charge-Offs Guidance for the Fourth Quarter of Fiscal 2014; Provides Earnings Guidance for the Fourth Quarter of Fiscal 2014

First Niagara Financial Group Inc. reported consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company has posted net interest income was $273,279,000 against $277,540,000 a year ago. LBIT was $769,354,000 against EBIT of $110,169,000 a year ago. Net loss available to common stockholders was $664,781,000 or $1.90 diluted per share against net income available to common stockholders of $71,596,000 or $0.20 diluted per share a year ago. Negative ROA was 6.76% against positive ROA was 0.85% a year ago. Negative ROE was 51.12% against positive ROE 5.84% a year ago. For the nine months, the company has posted net interest income was $815,838,000 against $813,113,000 a year ago. LBIT was $609,665,000 against EBIT of $312,364,000 a year ago. Net loss available to common stockholders was $546,646,000 or $1.56 diluted per share against net income available to common stockholders of $194,921,000 or $0.55 diluted per share a year ago. Negative ROA was 1.83% against positive ROA was 0.79% a year ago. Negative ROE was 13.83% against positive ROE 5.86% a year ago. Book value per common share was $11.46 against $13.15 a year ago. For the third quarter, goodwill impairment was $800,000,000. For the quarter, the company announced total net charge-offs of $12.973 million compared to $12.955 million for the same period a year ago. The company expects fourth quarter charge-offs to be more in line with third quarter charge-offs. The company provided earnings guidance for the fourth quarter of fiscal 2014. The company expects tax rate in the fourth quarter should be between 14% and 16%, inclusive of the 7.5 million tax credit benefit from its historic tax credits as well as the continued benefit of the company’s taxable reorganization of a subsidiary. The company announced outlook for earning asset growth is consistent with the $34.9 billion. The company expects GAAP net interest income to approximate the $272 million.

 

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Price/Book 0.8x
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