On Friday, Shares of National Penn Bancshares Inc. (NASDAQ:NPBC), dropped -1.15% to $10.28.
National Penn Bancshares, stated net income of $26.7 million, or $0.19 per diluted share, for the first quarter of 2015, contrast to $24.5 million or $0.17 per diluted share in the fourth quarter of 2014. Adjusted net income for the fourth quarter was $26.5 million, or $0.18 per diluted share. Stated net income for the first quarter of 2014 was $22.7 million or $0.16 per diluted share. Return on average assets for the first quarter of 2015 was 1.14%.
Net Interest Margin
Net interest income was $68.7 million for the first quarter of 2015, contrast to $67.6 million for the fourth quarter of 2014, and the net interest margin was 3.36%, contrast to 3.33% in the preceding quarter. Earning asset yields and the cost of funding remained constant, despite the prolonged low interest rate environment. Not taking into account the impact of TF Financial, average loans raised by 3% on an annualized basis from the preceding quarter while period end loans declined modestly. The enhance in average loans was driven by growth in the commercial loan portfolio. Period end loans declined primarily due to the sale of classified loans attained from TF Financial, raised consumer loan prepayment speeds, and seasonal impact.
National Penn Bancshares, Inc. operates as the bank holding company for National Penn Bank that provides commercial banking products, primarily deposits and loans to residents and businesses primarily in eastern and central Pennsylvania. Its deposit products comprise demand, NOW, money market, other checking and savings accounts, and certificates of deposit.
Shares of American Tower Corporation (NYSE:AMT), declined -1.11% to $93.48, during its last trading session.
American Tower Corporation, stated financial results for the quarter ended March 31, 2015.
FIRST QUARTER 2015 OPERATING RESULTS OVERVIEW
American Tower generated the following operating results for the quarter ended March 31, 2015 (unless otherwise indicated, all comparative information is presented against the quarter ended March 31, 2014).
- Total revenue raised 9.7% to $1,079 million, and total rental and administration revenue raised 10.6% to $1,062 million.
- Total rental and administration revenue Core Growth was about 15.6%, and total rental and administration Organic Core Growth was about 9.4%.
- Total rental and administration Gross Margin raised 13.2% to $806 million, and total rental and administration Gross Margin percentage was 75.9%.
- Adjusted EBITDA raised 13.0% to $724 million, Core Growth in Adjusted EBITDA was 17.5%, and Adjusted EBITDA Margin was 67%.
- Adjusted Funds From Operations (AFFO) raised 16.9% to $514 million, AFFO per Share raised 13.6% to $1.25, and Core Growth in AFFO was about 21.9%.
- Net income attributable to American Tower Corporation common stockholders reduced 9.4% to $183 million, and Net income attributable to American Tower Corporation stockholders per basic and diluted common share reduced to $0.45.
- Cash offered by operating activities raised 7.0% to $510 million.
American Tower Corporation is a real estate investment trust. It invests in the real estate markets across the globe. The firm through its auxiliaries owns, operates and develops wireless and broadcast communications real estate.
At the end of Friday’s trade, Shares of FleetCor Technologies, Inc. (NYSE:FLT), dwindled -1.09% to $159.13.
FleetCor Technologies, stated financial results for its first quarter ended March 31, 2015.
Financial Results for First Quarter 2015:
GAAP Results
- Total revenues raised 64% to $416.2 million contrast to $253.9 million in the first quarter of 2014.
- The Company stated GAAP net income of $94.2 million or $1.00 per diluted share in the first quarter of 2015 contrast to GAAP net income of $75.1 million or $0.88 per diluted share in the first quarter of 2014.
Non-GAAP Results
- Adjusted revenues (revenues, net less merchant commissions) raised 65% to $388.8 million contrast to $236.3 million in the first quarter of 2014.
- Adjusted net income raised 41% to $135.9 million contrast to $96.1 million in the first quarter of 2014.
- Adjusted net income per diluted share raised 29% to $1.45 contrast to $1.12 in the first quarter of 2014.
FleetCor Technologies, Inc. provides fuel cards and workforce payment products and services in North America, Latin America, Europe, Australia, and New Zealand. It sells a range of customized fleet and lodging payment programs; and offers card products to purchase fuel, lodging, food, toll, transportation, and related products and services at participating locations.
Finally, Marathon Oil Corporation (NYSE:MRO), ended its last trade with -1.06% loss, and closed at $30.77.
Marathon Oil Corporation, declared that the Company’s board of directors has declared a dividend of 21 cents per share on Marathon Oil Corporation common stock. The dividend is payable on June 10, 2015, to stockholders of record on May 20,2015.
Marathon Oil Corporation operates as an energy company. It operates in three segments: North America Exploration and Production, International Exploration and Production, and Oil Sands Mining. The North America Exploration and Production segment explores for, produces, and markets crude oil and condensate, natural gas liquids, and natural gas in North America.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
