|From: newintern2 (Rep: 0)||Date: 12/05/2011 16:02|
|Forum: Wall Street Pit - Msg #2214176 - List FBC msgs ||Thread #673331300 (Rec: 23) |
|All info easily available from CC and SEC filings, but to repeat: |
In 2nd quarter they sold $68 million of non-performing loans. Since 4th quarter of 2010 they've sold $622 million in non-performing loans. They're eliminating the deadweight, refocusing on their core business in their core region.
Positive earnings from their mortgage banking franchise.
Mortgage rate commitments increased 16%.
$136 million in rate lock commitments.
During the 2nd quarter, they originated $100+ million in commercial loans.
Capital liquidity levels very strong: $1.6 BILLION in cash-on-hand, interest earning deposits and marketable securities.
Their balance sheet and capital position is strong and improving quarter-by-quarter. Cantor Fitzgerald agrees and just raised the price target to $1.50.
|NOTE: This message has been revised 2 times. Read original version of this message.|
TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.