On Monday, TCF Financial Corporation (NYSE:TCB)’s shares declined -1.69% to $16.31.
TCF Financial Corporation (TCB) stated net income of $52.3 million for the second quarter of 2015, contrast with net income of $53.1 million for the second quarter of 2014, and net income of $39.8 million for the first quarter of 2015. Diluted earnings per common share was 29 cents for the second quarter of 2015, contrast with 29 cents for the second quarter of 2014, and 21 cents for the first quarter of 2015.
TCF stated net income of $92.1 million for the first six months of 2015, contrast with net income of $97.9 million for the same period in 2014. Diluted earnings per common share was 50 cents for the first six months of 2015, contrast with 54 cents for the same period in 2014.
Net Interest Income
- Net interest income for the second quarter of 2015 remained comprising contrast with the second quarter of 2014 and raised $2.6 million, or 1.3 percent, contrast with the first quarter of 2015. The enhance from the first quarter of 2015 was primarily due to higher average loan and lease balances in the auto finance and inventory finance portfolios, partially offset by lower first mortgage consumer real estate loan balances due to run-off.
- Net interest margin in the second quarter of 2015 was 4.44 percent, contrast with 4.65 percent in the second quarter of 2014 and 4.50 percent in the first quarter of 2015. The decreases from both periods were primarily due to margin compression resulting from the competitive low interest rate environment. The decrease from the second quarter of 2014 was further driven by a higher total deposit rate.
TCF Financial Corporation operates as the bank holding company for TCF National Bank that provides various retail and commercial banking products and services. The company’s Lending segment offers retail lending services, counting consumer loans for personal, family, and household purposes, such as home purchases, debt consolidation, and financing of home improvements.
- O. Smith Corp (NYSE:AOS)’s shares dropped -3.24% to $69.97.
Directors of A. O. Smith Corporation (AOS) declared a regular quarterly cash dividend of $.19 per share on the company’s Common Stock and Class A Common Stock.
The dividend is payable on Aug. 17 to shareholders of record July 31.
- O. Smith Corporation, with headquarters in Milwaukee, Wis., is a global leader applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. The company is one of the world’s leading manufacturers of residential and commercial water heating equipment, in addition to a manufacturer of water treatment products.
- O. Smith Corporation manufactures and markets water heaters and boilers to the residential and commercial end markets primarily in the United States, Canada, China, Europe, India, and the Middle East. It operates in two segments, North America and Rest of World. The company offers electric, natural gas, gas tankless, and liquid propane model water heaters, in addition to solar tank units for applications in residences, restaurants, hotels and motels, laundries, car washes, and small businesses; and residential boilers, in addition to commercial boilers primarily for space heating applications in hospitals, schools, hotels, and other large commercial buildings. It also provides expansion tanks, commercial solar water heating systems, swimming pool and spa heaters, and related products and parts.
At the end of Monday’s trade, Biomed Realty Trust Inc (NYSE:BMR)‘s shares dipped -0.10% to $20.43.
BioMed Realty Trust, Inc. (BMR) declared it will report results for its second quarter ended June 30, 2015 after the market closes on Tuesday, July 28, 2015.
Alan D. Gold, Chairman, President and Chief Executive Officer, and other members of the BioMed Realty administration team will host an investor conference call at 10:00 a.m. Pacific Time on Wednesday, July 29, 2015 to talk about the company’s financial results and operations for the quarter.
BioMed Realty Trust, Inc. operates as a real estate investment trust (REIT) that focuses on providing real estate to the life science industry in the United States. Its tenants primarily comprise biotechnology and pharmaceutical companies, scientific research institutions, government agencies, and other entities involved in the life science industry. The company owns or has interests in 72 properties, representing 119 buildings with about 11.0 million rentable square feet.
Trimble Navigation Limited (NASDAQ:TRMB), ended its Monday’s trading session with -1.95% loss, and closed at $22.65.
Trimble Navigation Limited (TRMB) declared that SITECH® Technology Dealer for Western Canada is now serving contractors in Saskatchewan. SITECH Western Canada is part of the premier network of SITECH dealerships—the first fully dedicated global distribution network offering the most comprehensive portfolio of construction technology systems accessible to the heavy and highway contractor.
SITECH Technology Dealers represent Trimble® and Caterpillar® machine control systems for the contractor’s entire fleet of heavy equipment regardless of machine brand, together with Trimble’s portfolio of Connected Site® solutions—site positioning systems, construction asset administration services, software and powerful wireless and Internet-based site communications infrastructure.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; BIM software for design, construction, and maintenance; integrated site layout and measurement systems; application products; integrated workplace administration services software; capital program and facility administration solutions; and field based data collection systems and software, communications systems, and back-office software.
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