Obbligazioni in dollari Keep Calm And Invest Preferred Shares Usa

  • Creatore Discussione Creatore Discussione Topgun1976
  • Data di Inizio Data di Inizio
First BanCorp (NYSE:FBP) agrees to acquire Banco Santander Puerto Rico for a $63M premium to BSPR's core tangible common equity in an all-cash deal.
Base purchase price is $425M plus $638M of BSPR’s excess capital as of June 30, 2019 paid at par.
As of June 30, 2019, BSPR had $6.2B of assets, $3.1B of loans, and $5.0B of deposits.
Sees deal generating 35% accretion to fully phased-in 2020 consensus EPS with a tangible book value per share earnback period of 2.6 years.
Pretax annual cost savings of $48M expected to be fully achieved in 2021.
Sees one-time restructuring charges of $76M, to be phased-in 50% at close and remainder in 2021.
FirstBank won't assume any of BSPR's non-performing assets.
 
Fabrib ha scritto:
Tsakos Energy (NYSE:TNP) -9.1% after-hours as it files for an ~11.66M-share common stock offering by selling shareholders AY Tank Ltd., a wholly owned subsidiary of OMP AY Holdings Ltd., which is a wholly owned subsidiary of Offshore Merchant Partners Asset Yield Fund.
TNP says the sale represents ~9.93M common shares based on a 9.99% beneficial ownership limitation and ~89.5M common shares it believes are outstanding and issuable upon the conversion of 3.5M convertible preferred shares held by AY Tank.

Il cuscino a protezione delle preferred si fa più confortevole (con l'auspicio di non dover mai verificare quanto).
Clicca per allargare...

E menomale che seeking alpha la dava per ottima occasione d'acquisto....
 
First BanCorp. (NYSE:FBP):
Q3 Non-GAAP EPS of $0.20 in-line; GAAP EPS of $0.21 beats by $0.02.
Revenue of $165.83M (+9.8% Y/Y) misses by $2.53M.
Press Release

...Total capital, common equity Tier 1 capital (“CET1”), Tier 1 capital, and leverage ratios of 25.27%, 21.61%, 22.02%, and 16.04%, respectively, as of September 30, 2019. The tangible common equity ratio was 17.03% as of September 30, 2019...
 
Popular, Inc. (the “Corporation,” “Popular,” “we,” “us,” “our”) (NASDAQ:BPOP) reported net income of $165.3 million for the quarter ended September 30, 2019, compared to net income of $171.1 million for the quarter ended June 30, 2019.
Ignacio Alvarez, President and Chief Executive Officer, said: “The third quarter was another solid one as we continued to build on the strong performance of the first half of the year. While results reflect higher operating expenses due to investments in key areas such as technology, compliance and our people, we maintained our net interest income stable despite the interest rate environment, increased our non-interest income and benefited from a lower provision expense. We added 12,000 new clients and increased consumer loan balances in Puerto Rico and grew our commercial and mortgage portfolios in the United States.”
  • Net income of $165.3 million in Q3 2019, compared to net income of $171.1 million in Q2 2019.
  • Net interest margin of 4.00% in Q3 2019, compared to 4.11% in Q2 2019.
  • Credit Quality:
  • Non-performing loans held-in-portfolio (“NPLs”) decreased by $6.6 million from Q2 2019; NPLs to loans ratio remained at 2.1% from Q2 2019;
  • Net charge-offs (“NCOs”) increased by $20.7 million from Q2 2019; NCOs at 1.01% of average loans held-in-portfolio vs. 0.71% in Q2 2019;
  • Allowance for loan losses to loans held-in-portfolio at 1.90% vs. 2.01% in Q2 2019; and
  • Allowance for loan losses to NPLs at 91.9% vs. 96.3% in Q2 2019.
  • Common Equity Tier 1 ratio of 17.46%, Common Equity per Share of $60.57 and Tangible Book Value per Share of $53.41 at September 30, 2019.
 
We are offering $[___] million of shares of our [___]% Series F Term Preferred Stock due [___], or the “Series F Term Preferred Stock.” The Series F Term Preferred Stock have a mandatory redemption date of [___], a redemption price of $[___] per share, and may be redeemed, in whole or in part, at any time after [___] at our sole option. See “Description of the Series F Term Preferred Stock.” In addition, if we fail to maintain an asset coverage ratio of at least 200%, we will be required to redeem the number of shares of our preferred stock (which at our discretion may include any number or portion of the Series F Term Preferred Stock) that, when combined with any debt securities redeemed for failure to maintain the asset coverage required by the indenture governing such securities, (1) results in us having asset coverage of at least 200%, or (2) if fewer, the maximum number of shares of preferred stock that can be redeemed out of funds legally available for such redemption. See “Description of the Series F Term Preferred Stock - Redemption - Mandatory Redemption for Asset Coverage.” We intend to pay quarterly dividends on the Series F Term Preferred Stock, when, as and if authorized by, or under authority granted by, our Board of Directors, and declared by us out of funds legally available therefor, at an annual rate of [___]% of the Liquidation Preference, or $[___] per share per year, for the shares of Series F Term Preferred Stock. The Series F Term Preferred Stock ranks senior in right of payment to our common stock, ranks equally in right of payment with our 6.375% Series A Term Preferred Stock due

Priority Income Fund, Inc. annuncia una nuova preferred.
 
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