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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
Total System Services Inc.'s fourth-quarter net income declined 18% from a year earlier to $51.6 million, the merchant processor said Tuesday after market close.
The Columbus, Ga., company earned 24 cents per diluted share, down from 31 cents a year earlier. Analysts polled by Thomson Financial had expected 24 cents per share in the quarter.
Transaction growth in its card issuing services and merchant business helped inch up revenue by 1.7% to about $440 million in the quarter.
The company ended the year with $394.8 million in cash and cash equivalents, down from $450.3 million at the end of 2009. Earlier this month TSYS announced that it had bought a 49% stake in the First National Merchant Solutions LLC joint venture from First National Bank of Omaha for $169.6 million. TSYS already owned the other 51% stake.
For 2011, TSYS expects revenue in the range of $1.75 billion to $1.79 billion, a 2% to 4% increase over 2010. It expects earnings per share from continuing operations in $1.09 to $1.11 range, up 9% to 11% over 2010.
