Please ensure Javascript is enabled for purposes of website accessibility

First Niagara Boosts NII, Bottom Line in Q1

By Eric Volkman - Apr 19, 2013 at 8:07PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The banking group sees increases in key financial and operational metrics.

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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/24/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.