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.
More Expert Advice from The Motley Fool
The Motley Fool's chief investment officer has selected his No. 1 stock for the next year. Find out which stock in our brand-new free report: "The Motley Fool's Top Stock for 2013." I invite you to take a copy, free for a limited time. Just click here to access the report and find out the name of this under-the-radar company.
No comments:
Post a Comment