Lincoln Financial Reports Strong Sales, Declining Income In 3Q
Annuities reported income from operations of $338 million, up 72% compared to the prior-year quarter, and total deposits hit $2.7 billion.
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Annuities reported income from operations of $338 million, up 72% compared to the prior-year quarter, and total deposits hit $2.7 billion.
Tredyffrin-Easttown Job Listings: See Who's Hiring In The Area Patch 2 hrs ago Job News © Shutterstock / NPFire The employment site ZipRecruiter.com has listed scores of jobs that have opened even as the coronavirus pandemic continues and many businesses remain closed. TREDYFFRIN-EASTTOWN, PA — The economic impact of the COVID-19 pandemic has been felt in every corner of the county, including in the Tredyffrin-Easttown area and across greater Pennsylvania. But there are still local job opportunities available, as companies attempt to navigate the new normal. Looking for...
Operator Good morning, and thank you for joining Lincoln Financial Group's First Quarter 2021 Earnings Conference Call. [Operator Instructions] Now I'd like to turn the conference over to the Vice President of Investor Relations, Al Copersino. Please go ahead, sir. Al Copersino -- Vice President, Head of Investor Relations Thank you, Catherine. Good morning, and welcome to Lincoln Financial's First Quarter Earnings Call. Before we begin, I have an important reminder. Any comments made during the call regarding future expectations, deposits, expenses, income from operations, share repurchases...
Diluted earnings per share of $0.91 Net Interest Income / NIM 1 1, down 3 basis points (“bps”) from the prior quarter PPNR PPNR 1 was $47.5 million compared to $48.2 million in the fourth quarter of 2020 and $44.9 million in the first quarter of 2020 Loans and Credit Quality Period end loans were $7.6 billion, up 7%, annualized, from December 31, 2020 Excluding $536 million of Paycheck Protection Program (“PPP”) loans at March 31, 2021, period end loans increased $29 million or 0.4% from December 31, 2020 Allowance for loan losses to total loans of 1.38% (1.48% excluding PPP loans and...
The service assumes a multitude of key plan administrative responsibilities. Reported by Pentegra and EPIC Retirement Plan Services have joined forces to offer a new 3(16) administrative fiduciary service in conjunction with EPIC’s recordkeeping platform. It will enable EPIC clients to outsource key retirement plan operational responsibilities. “Today, the demand for 3(16) services is reshaping the marketplace,” says John Pinto, president and CEO of Pentegra. “As an institutional fiduciary for nearly 80 years, Pentegra is well-positioned to deliver these services at the platform level...