Associated Banc-Corp (NYSE: ASB) has reported net income available to
common equity of USD 81 million, or USD 0.49 per common share for the quarter ended June 30, 2019, the company said.
PNB's board approved on Friday a stock rights offering to 'strengthen its
common equity tier 1 and enable the bank to sustain its asset growth.'
"Through steady implementation of our plan we completed two complex divestitures, significantly reduced operating expenses, grew our core assets by 6 percent, increased deposits, repurchased $1.6 billion of common stock and achieved our 2018 return on tangible
common equity goal."
The Outlook revision to Negative from Stable reflects the holding company's deteriorating
common equity double leverage ratio (143% as of end-1H18 versus 124% at end-1H16) as it issued perpetual preferred shares rather than
common equity to provide capital support to its subsidiaries.
The Salt Fork transaction consisted of the contribution of all their Utica Shale assets to the company in exchange for
common equity. In addition, there was a cash contribution to the company from Salt Fork's private equity sponsor, Riverstone Holdings LLC.
The Salt Fork transaction consisted of the contribution of all their Utica Shale assets to Oklahoma City-based Ascent in exchange for
common equity. There was a cash contribution to Ascent from Salt Fork's private equity sponsor, Riverstone Holdings.
Under these changes, the company now expects annual lending growth of more than 10%; risk-adjusted NBI margin in line with recent years, about 10% to 12%; C/I before credit losses, excluding Insurance and adjusted for nonrecurring costs, of under 40%; return on tangible equity RoTE adjusted for nonrecurring costs, given a 12.5%
Common Equity Tier 1 ratio, of about 30%;
Common Equity Tier 1 ratio of more than 12.5% and a total capital ratio of more than 15% and payout ratio of a dividend of at least 50% of the company's net profit for the year.
The UAE banks' minimum
common equity tier 1 capital (CET 1) ratio could increase to 12 per cent and capital adequacy ratio to 15.5 per cent by 2019, according to the new central bank regulations.
International Resource News-July 6, 2011--ET Solar Group Corp announces USD50m
common equity issuance(C)1994-2011 ENPublishing - http://www.enpublishing.co.uk
A member of the FN Group previously invested USD2m in equity in LTC in October 2010 and the FN Group has now agreed to provide USD10m of fresh capital to LTC: USD5m in the form of a purchase of LTC's
common equity, including the USD2m purchased in October 2010, and USD5m in the form of a committed convertible loan facility.
Under the agreements, the minimum requirement for
common equity, the highest form of loss absorbing capital, will be raised from the current two per cent level, before the application of regulatory adjustments, to 4.5 per cent after the application of stricter adjustments.
Under the agreements, the highest form of loss-absorbing capital--the minimum
common equity capital ratio--will increase from 2 percent, before the application of regulatory adjustments, to 4.5 percent after stricter adjustments.
