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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, and releases can be found in the Related Links area of each article.
January 28
NewAlliance Bancshares Inc. in New Haven, Conn., reported a 25% increase in annual net income Tuesday.
The $9 billion-asset company, which is set to be acquired by First Niagara Financial Group, earned $58 million in 2010, or 59 cents a share, compared with $46.4 million, or 47 cents a share, in 2009. Excluding expenses related to the merger, NewAlliance said net income would have been $69.7 million, a 50% increase.
Net income declined slightly for the fourth quarter, to $11.3 million, from $12.2 million, because of the merger expenses. NewAlliance missed analysts' earnings per share estimates, recording just 11 cents a share, compared with the 17-cent consensus.
Loan originations grew 45% from a year earlier, and total loan balances increased 7%, to $5.1 billion.
