Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



First Niagara Boosts NII, Bottom Line in Q1

First Niagara Financial's  (NASDAQ: FNFG  ) results for the banking group's Q1 have been unveiled. For the quarter, the company saw a nearly 10% year-over-year rise in net interest income, to $266 million, from the $242 million in the same period of 2012. Net income available to common shareholders advanced to $59.7 million ($0.17 per diluted share), against Q1 2012's red figure of $54.8 million ($0.16).

In terms of operational line items, the company's total deposits saw a healthy increase, growing by 46% over the year-ago level, to land at $27.7 billion. The figure for total loans, meanwhile, rose 22% across the same time frame to reach just over $20 billion.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2374766, ~/Articles/ArticleHandler.aspx, 9/25/2016 12:06:02 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated 1 day ago Sponsored by:
DOW 18,261.45 -131.01 -0.71%
S&P 500 2,164.69 -12.49 -0.57%
NASD 5,305.75 -33.78 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

7/29/2016 4:00 PM
FNFG $10.18 Down +0.00 +0.00%
First Niagara Fina… CAPS Rating: *****