Reports Q4 (Dec) earnings of $0.97 per share, $0.10 better than the Capital IQ Consensus of $0.87; revenues rose 3.7% year/year to $5.64 bln vs the $5.59 bln Capital IQ Consensus.
The net interest margin in the fourth quarter of 2017 was 3.08 percent, compared with 2.98 percent in the fourth quarter of 2016, and 3.10 percent in the third quarter of 2017. Average total loans were $7.1 billion (2.6 percent) higher than the fourth quarter of 2016. The increase was due to growth in total commercial loans (4.0 percent), residential mortgages (5.2 percent), retail leasing (28.9 percent) and other retail loans (5.2 percent).
Reports Q4 (Dec) earnings of $0.80 per share, $0.01 better than the Capital IQ Consensus of $0.79; revenues rose 0.8% year/year to $5.21 bln vs the $5.13 bln Capital IQ Consensus.
Growth in average total loans of 4.2% YoY and 1.7% QoQ (excluding student loans, which were transferred to held for sale at the end of the first quarter of 2015 and returned to held for investment on Sept 1, 2015)
Growth in average total commercial loans of 9.0% over the fourth quarter of 2014 and 2.5% over the third quarter of 2015
Growth in average auto loans of 13.0% over the fourth quarter of 2014 and 2.0% over the third quarter of 2015.
Net interest income growth of 2.6% year-over-year and 1.8% linked quarter
Growth in average earnings assets of 5.1% year-over-year, and 1.0% on a linked quarter basis
Net interest margin relatively stable at 3.06% for the fourth quarter of 2015 compared with 3.04% in the prior quarter
Continued momentum in payment-related fee revenue led by year-over-year increases in credit and debit card revenue of 8.1%.
