FNFG Div & Yield: 0.56 (4.10%)
P/E (ttm): 17.02
PERIOD ENDING .....31-Dec-07 .30-Sep-07 .30-Jun-07 .31-Mar-07
Retained Earnings.. 344,656 .. 332,815 . .327,542. . 324,536 <---
Total Revenue ......156,340 . 136,641 . 135,887. 131,110 <----
(BUYBACK) of Stock .(8,676).. (14,474).. (25,554) ..(42,076) <<=======
Net Borrowings..... 148,481 . 150,054 . 81,930 . (30,483)
http://stockcharts.com/charts/gallery.html?fnfg
<--{nice swing trade
oscillations]
Short % of Float (as of 26-Feb-08): 9.20% <---motivated buyers
Qtrly Revenue Growth (yoy): -12.90% <-------bzzt
Qtrly Earnings Growth (yoy): 33.20% <---------------v.g.
Total Debt (mrq): 1.09B <---234% of revenue...bzzzzzzzt
First Niagara Financial Group, Inc. operates as the holding company for
First Niagara Bank that provides various retail and commercial banking
products, as well as other financial services to individuals, families,
and businesses. The bank offers various deposit products, such as
savings, NOW, checking, money market, and certificate of deposit
accounts, as well as business savings and checking, municipal deposits,
and cash management services. Its loan ****tfolio includes commercial real
estate and multifamily, residential real estate, home equity, and
commercial business loans, as well as consumer loans, such as indirect
mobile home loans, personal secured and unsecured loans, and education
loans. The bank also provides commercial leases and insurance premium
financing services. First Niagara Financial offers a range of insurance
and investment products and services, as well as provides claims
investigation and adjusting, third party administration of self insured
workers compensation plans, alternative risk management, and self-
insurance consulting services. It also provides wealth management
services, including sale of stocks, bonds, mutual funds, annuities, and
other investment products, including individual retirement accounts,
education savings plans, and retirement plans, as well as investment
advisory, trust, pension, and custody services. In addition, the bank
provides employee benefits consulting and plan administration services.
As of December 31, 2006, the bank operated 119 branches in 24 counties
that span across the upstate New York. The company was founded in 1870
and is based in Lock****t, New York.
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Feb. 15 /PRNewswire-FirstCall/ -- First Niagara Financial Group, Inc.
(Nasdaq: FNFG - News), announced today that it completed the acquisition
of Great Lakes Bancorp, Inc., the parent company of Greater Buffalo
Savings Bank. In connection with this transaction, ..........Great Lakes
had assets of approximately $900 million and deposits of $627 million.
With the addition of Greater Buffalo's branch offices, First Niagara now
has approximately $9.0 billion in assets and operates 117 branches and
four Regional Market Centers across Upstate New York.
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FROM THE 10K ANNUAL RE****T:
Despite a less favorable credit environment in 2007 than we experienced
in 2006, we have not been directly impacted by any sub-prime credit
exposure, as we do not extend credit of this type to our borrowers, nor
do we invest in securities which contain these products.
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During 2007, we advanced our strategic initiative to improve overall
performance, better leverage our infrastructure, and position us for
future growth. ...... During the year, we sold nine of our branches in
order to increase our focus on our more profitable locations within our
core footprint in Upstate New York.
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