New York Governor Andrew Cuomo released his Fiscal Year 2022 budget and accompanying legislation on January 19, 2021 (the Budget Bill). Although the State projects billions of dollars.
Huntington Bancshares Incorporated Reports Full Year 2020 Earnings
Results Include Record Annual Revenue (+3%), a 6% Increase in Average Loans, and an 11% Increase in Average Core Deposits
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Full year 2020 highlights compared to full year 2019:
Net income was $817 million, and earnings per common share (EPS) for the year were $0.69.
Return on average assets for 2020 was 0.70%, return on average common equity was 6.8%, and return on average tangible common equity was 8.9%.
Tangible book value per common share (TBVPS) increased 3% to $8.51 at 2020 year end.
Fully-taxable equivalent total revenue increased $143 million, or 3%, to $4.8 billion.
Fully-taxable equivalent net interest income increased $6 million, or less than 1%, to $3.2 billion.
This update provides a broad overview of Volumes I and II of the Taskforce Report. We anticipate publishing more detailed analyses of the Report’s specific recommendations for legislative and regulatory reform, as well as drafting blog-posts and hosting webinars and podcasts devoted to emerging areas of federal consumer financial law, throughout 2021.
Taskforce Report Volume I provides summaries, analysis and helpful practice aids.
In Volume I of the Report, the Taskforce has authored a long treatise explaining nearly everything about consumer financial products, services and federal government regulation of them. It traces the history of federal consumer financial law since 1968, and explains how financial products and services work, as well as incentives for them. It highlights strengths and weaknesses of the current statutes and state and federal regulatory regimes. In large measure it provides all the data, research, background information, analysis, and justification
About Republic Bank
Republic Bank, a subsidiary of Republic First Bancorp, Inc., is a full-service, state-chartered commercial bank, whose deposits are insured up to the applicable limits by the Federal Deposit Insurance Corporation (FDIC). The Bank provides diversified financial products through its thirty-one stores located in the Greater Philadelphia, Southern New Jersey and New York market place. Republic Bank stores are open 7 days a week, 361 days a year, with extended lobby and drive-thru hours providing customers with some of the most convenient hours compared to any bank in its market. The Bank offers free checking, free coin counting, ATM/Debit cards issued on the spot and access to more than 55,000 surcharge free ATMs worldwide via the Allpoint Network. The Bank also offers a wide range of residential mortgage products through its mortgage division which does business under the name of Oak Mortgage Company. For more information about Republic Bank, visit www.myrepubli
FOR IMMEDIATE RELEASE Washington D.C., Jan. 19, 2021
The Securities and Exchange Commission today announced that Shelley E. Parratt, Acting Director of the SEC s Division of Corporation Finance, is retiring next month after 35 years of service to the Commission. Ms. Parratt joined the SEC s Division of Corporation Finance in 1986, served as its deputy director since 2003, and served as Acting Director of the Division three separate times. Shelley has been an impactful leader at the Commission for decades and her contributions to the Division of Corporation Finance during her tenure are remarkable, said SEC Acting Chairman Elad Roisman. During her career, she served on the leadership team of seven different Division Directors and led the Division s efforts to address a wide range of market and congressional developments. Shelley epitomizes the dedication and expertise that are hallmarks of the SEC s professionals, and we owe her a great debt of gratitude