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First Niagara Financial Group Inc  (FNFG)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 354
 Employees 5,428
 Revenues (TTM) (Millions $) 1,314
 Net Income (TTM) (Millions $) 220
 Cash Flow (TTM) (Millions $) -6
 Capital Exp. (TTM) (Millions $) 85

First Niagara Financial Group Inc
First Niagara Financial Group Inc. was a regional bank holding company headquartered in Buffalo, New York. It was founded in 1870 and grew to become the 44th largest bank in the United States by assets with $39.8 billion in total assets at the time of its acquisition. First Niagara provided a range of financial services and products to individuals, families, and businesses, including deposit accounts, loans, credit cards, wealth management, and online banking.

Throughout its history, First Niagara expanded through strategic acquisitions, including the purchase of NewAlliance Bancshares, Greater Buffalo Savings Bank, and Harleysville Savings Financial Corp. These acquisitions allowed First Niagara to increase its geographic presence and strengthen its financial position.

The bank had over 400 branches across Connecticut, New York, Massachusetts, and Pennsylvania, with a total of over 5,000 employees. Its customer base included individuals, small and medium-sized businesses, and corporate clients. The bank provided a wide range of financial solutions tailored to meet each customer's specific needs, including checking and savings accounts, CDs, consumer and commercial loans, and wealth management services.

First Niagara was committed to providing personalized banking services to all of its customers. Its highly trained and professional staff focused on delivering excellent customer service while creating long-term relationships with clients. The bank's mission was to be the leading financial services provider in its markets by delivering superior customer value, innovation, and excellence.

In 2015, First Niagara was acquired by KeyBank, one of the largest bank-based financial systems in the United States. The acquisition created a bank with over $135 billion in assets and 1,366 branches, primarily concentrated in 15 states. The integration of First Niagara into KeyBank allowed the bank to further strengthen its presence in the Northeast region and enhance its product offerings to customers.


   


Customers Net Income fell by FNFG's Customers Net Profit Margin fell to

-66.62 %

3.1 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CCFI     
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PGC   -4.69%    
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BAC        0.14% 
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Ing Groep Nv

Despite Revenue Decline, ING Groep NV Sees Earnings Lifted by $1,861.44 Million Tax Provisions

The stock market can be a roller coaster ride for investors, with ups and downs that can leave even the most seasoned traders feeling anxious. However, it's important to remember that the market is always evolving and that not every decline should be cause for alarm. In fact, there are always opportunities to be found, even in the face of adversity.
One company that has recently experienced a decline in revenue is ING Groep NV. Their revenue took a hit, falling by 25.58% in the fiscal interval ending December 31, 2023. As a result, their profitability slumped by 65.37%. These numbers may sound alarming, but let's take a closer look at the bigger picture.

Banco Santander Brasil S A

Banco Santander Brasil S A Faces Critical Fiscal Period in Financial Fourth Quarter of 2023

Banco Santander Brasil S A, one of the largest banks in Brazil, experienced a significant decrease in their shares during February 2024. The shares went down by -3.4% compared to the previous month. However, when compared to the same period a year before, the shares actually increased by 2.34%. Despite this recent decline, Banco Santander Brasil S A shares are still trading at a price that is 19.3% higher than its 52-week low.
This decrease in Banco Santander Brasil S A shares can be attributed to the financial performance of the company in the fourth quarter of 2023. During this period, their income per share dropped by -34% to $229.68 per share, compared to $347.97 per share in the previous year. Furthermore, the revenue of the company experienced a sharp decline of -80.277% to $183.56 million, down from $930.69 million in the same reporting period a year before. Additionally, the net earnings of Banco Santander Brasil S A fell by -33.76% to $1,804.774 million in the fourth quarter of 2023, compared to $2,724.500 million in the corresponding period a year earlier.

Natwest Group Plc

Natwest Group Plc Shines Bright in Fourth Quarter with Impressive 8.095% Revenue Growth

As a financial journalist for the , I am excited to report on the impressive financial results of Natwest Group Plc in the fiscal fourth quarter of 2023. The company has not only shown growth in revenue but has also demonstrated significant improvement in its bottom-line performance.
In comparison to the previous year, Natwest Group Plc saw a notable increase in revenue, with a surge of 8.095% to $11.19 billion. This growth stands out against the backdrop of a challenging period for the Money Center Banks sector, where most peers have reported revenue contractions. Additionally, the company's net earnings for the quarter showed a remarkable improvement of 41.96%, reaching $0.48 per share compared to $0.34 in the prior year reporting season.

Hsbc Bank Plc

HSBC Bank Plc Achieves Break-Even Point in Fourth Quarter of 2023, Sees Significant Revenue Growth

HSBC Bank Plc, one of the largest financial institutions in the world, recently reported its financial results for the fiscal year ending December 31, 2023. The company reached a break-even point of $0.00 per share, showing a significant improvement compared to $0.74 per share in the previous year and remained consistent with the previous financial reporting period. This positive development reflects the bank's efforts to manage its costs effectively and improve its profitability.
Moreover, HSBC Bank Plc experienced a substantial increase in revenue during this period, with a growth rate of 31.341%. The company generated $2.35 billion in revenue, up from $1.79 billion in the same financial reporting period a year ago. This increase in revenue can be attributed to various factors, including improved market conditions and the bank's focus on expanding its customer base and product offerings.

Lloyds Banking Group Plc

Lloyds Banking Group Plc Posts Impressive Revenue Growth of 509.59% in Fourth Quarter of 2023

In its fourth quarter of the 2023 financial report, Lloyds Banking Group Plc saw an impressive revenue growth of 509.59% year on year to $35.41 billion. This significant increase in revenue sets Lloyds apart from its peers in the Money Center Banks sector, as most of its contemporaries have been experiencing a reduction in their top-line.
Although Lloyds' income only grew slightly to $0.08, this revenue surge is an encouraging sign for the company. It shows that Lloyds is resisting the overall trend within its sector and managing to generate substantial growth in revenue. In comparison to the previous quarter, Lloyds' income per share increased from $0.00 to $0.08, and net profits slightly decreased by -0.67% to $5,518.000 million.
Lloyds Banking Group Plc has clearly been focused on improving sales in the financial interval ending December 31, 2023. This emphasis on sales has led to a slight easing of the net margin to 15.59%. Despite this, operating earnings rose by 8.3% to $7,503 million.
Looking further into the operating results for the fiscal year 2023, Lloyds declared a total revenue of $35.41 billion and a bottom-line of $5.52 billion. This indicates a significant improvement in both revenue and profit compared to the prior fiscal year. In fact, income per share increased by 4.17% from $0.07 to $0.08, and revenue doubled by 509.59% from $5.81 billion.
This strong performance is impressive, especially considering the challenging conditions faced by the Money Center Banks sector. Lloyds' ability to achieve such robust growth in revenue demonstrates its resilience and adaptability in a volatile market. It also highlights the effectiveness of the strategies and initiatives implemented by the company.






 

First Niagara Financial Group Inc's Segments
 
 
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