Last $9.01 USD
Change Today +0.095 / 1.07%
Volume 4.3M
FNFG On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 8:10 PM 09/15/14 All times are local (Market data is delayed by at least 15 minutes).

first niagara financial grp (FNFG) Snapshot

Open
$8.92
Previous Close
$8.91
Day High
$9.02
Day Low
$8.84
52 Week High
11/25/13 - $11.34
52 Week Low
02/3/14 - $8.19
Market Cap
3.2B
Average Volume 10 Days
3.2M
EPS TTM
$0.76
Shares Outstanding
355.5M
EX-Date
08/1/14
P/E TM
11.9x
Dividend
$0.32
Dividend Yield
3.55%
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.

5,874 Employees
Last Reported Date: 07/31/14
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 Inc. Announces Executive Changes, Effective August 1, 2014

On July 28, 2014, James K. Ciroli, Senior Vice President and Principal Accounting Officer, submitted his resignation to First Niagara Financial Group (First Niagara) effective August 1, 2014, to accept an executive position with another financial institution outside of First Niagara's footprint. First Niagara announced that Brian M. Dempsey, Director of Finance Accounting, will be appointed interim Corporate Controller and Principal Accounting Officer effective August 1, 2014, and will serve until a permanent Corporate Controller and Principal Accounting Officer is appointed. Mr. Dempsey joined First Niagara in October 2009, as First Vice President and Corporate Reporting Manager. Prior to joining First Niagara, Mr. Dempsey was a Senior Manager at PricewaterhouseCoopers, where he audited various banks and financial service companies.

First Niagara Financial Group Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2014

First Niagara Financial Group Inc. reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net interest income was $271.8 million compared to $269.4 million a year ago. Operating net income was $73.8 million compared to $71.1 million a year ago. Operating net income available to common shareholders was $66.2 million compared to $63.6 million a year ago. Operating earnings per diluted share was $0.19 compared to $0.18 a year ago. On GAAP basis net income was $73.8 million compared to $71.1 million a year ago. Net income available to common shareholders was $66.2 million compared to $63.6 million a year ago. Earnings per diluted share was $0.19 compared to $0.18 a year ago. Income before income tax was $85,754,000 compared to $104,619,000 a year ago. Net income was $133,229,000 compared to $138,419,000 a year ago. Net interest income was $271,812,000 compared to $269,443,000 a year ago. Return on average assets was 0.77% compared to 0.77% a year ago. Return on average equity was 5.84% compared to 5.72% a year ago. Return on average common equity was 5.62% compared to 5.48% a year ago. For the six months, the company's net interest income was $542,559,000 compared to $535,573,000 a year ago. Income before income tax was $159,689,000 compared to $202,195,000 a year ago. Net income was $133,229,000 compared to $138,419,000 a year ago. Net income available to common stockholders was $118,135,000 compared to $123,325,000 a year ago. Earnings per diluted share were $0.34 compared to $0.35 a year ago. Return on average assets was 0.71% compared to 0.76% a year ago. Return on average equity was 5.32% compared to 5.61% a year ago. Return on average common equity was 5.06% compared to 5.36% a year ago. Net operating income (non-GAAP) was $141,574,000 compared to $138,419,000 a year ago. Net operating income available to common shareholders was $126.5 million compared to $123.3 million a year ago. The company's total net loan charge-offs was $13,911,000 for the second quarter ended June 30, 2014, compared to $13,094,000 a year ago.

First Niagara Financial Group, Inc. Declares Quarterly Common and Preferred Stock Dividend, Payable on August 15, 2014

First Niagara Financial Group Inc. announced that the company's Board of Directors declared a quarterly dividend of $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 August 15, 2014 to shareholders of record on August 5, 2014.

 

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Industry Analysis

FNFG

Industry Average

Valuation FNFG Industry Range
Price/Earnings 12.1x
Price/Sales 2.3x
Price/Book 0.7x
Price/Cash Flow 10.9x
TEV/Sales NM Not Meaningful
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