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SAN DIEGO, CA / ACCESSWIRE / June 18, 2019 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who formerly held FCB Financial Holdings, Inc. (NYSE: FCB) shares. Investors, ...
Moody's Investors Service ("Moody's") has upgraded the ratings and assessments of Synovus Bank, the operating bank subsidiary of unrated Synovus Financial Corp. The bank's standalone baseline credit assessment (BCA) was upgraded to baa2 from baa3, its long-term deposit rating was upgraded to A3 from Baa1 and its issuer rating was upgraded to Baa3 from Ba1. The bank's long-term counterparty risk rating was upgraded to Baa2 from Baa3 and its long-term counterparty risk assessment was upgraded to Baa1(cr) from Baa2(cr). Moody's has also upgraded Synovus Bank's short-term counterparty risk rating to Prime-2 from Prime-3 while its short-term deposit rating and short-term counterparty risk assessment were affirmed at Prime-2 and Prime-2(cr), respectively.
One of Florida's largest community banks has been officially taken over by an out-of-state financial services firm.
Synovus Financial Corp. (SNV) announced today that it has completed the acquisition of FCB Financial Holdings, Inc. (FCB), owner of Florida Community Bank, National Association. Transition of FCB systems, customers, branches, and branding to Synovus is expected during the second quarter of 2019. With the merger of FCB, Synovus is a top five regional bank by deposits in the Southeast, with approximately $45 billion in assets, $37 billion in deposits, $35 billion in loans, and 300 branches in Georgia, Alabama, South Carolina, Tennessee, and Florida — including 51 former FCB branches in many of Florida’s highest-growth markets.
# FCB Financial Holdings Inc ### NYSE:FCB Score: Positive (67) 3 days at current score. Upgraded from Neutral on December 11th 2018 View full report here! ## Summary * This company ranked positively compared to the Financials sector despite only 2 positive IHS Markit Categories * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate ## Bearish sentiment Short interest | Positive Short interest is extremely low for FCB with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FCB. ## Money flow ETF/Index ownership | Positive ETF activity is positive. Over the last month, ETFs holding FCB are favorable, with net inflows of $2.15 billion. Additionally, the rate of inflows is increasing. ## Economic sentiment PMI by IHS Markit | Negative According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. ## Credit worthiness Credit default swap CDS data is not available for this security. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
The Georgia-based financial services company received regulatory approval for the FCB acquisition shortly after shareholders for both companies voted for the deal.
Synovus Financial Corp. (SNV) and FCB Financial Holdings, Inc. (FCB) today jointly announced that Synovus has received regulatory approval from the Federal Reserve Board and the Georgia Department of Banking and Finance to complete the merger with FCB Financial Holdings, Inc., owner of Florida Community Bank, National Association. The merger of FCB into Synovus is expected to be completed on or about January 1, 2019, subject to the satisfaction of customary closing conditions. Transition of FCB systems, customers, branches, and branding to Synovus is expected during the second quarter of 2019.
Days after FCB Financial Holdings shareholders rejected a proposed compensation package for its executives, it's unclear whether the executives will attempt to renegotiate a new package. Shareholders approved a merger on Nov. 29 between FCB Financial (NYSE: FCB) and Georgia-based Synovus Financial Corp., but they shot down an accompanying executive compensation proposal, the U.S. Securities and Exchange Commission reported. More than 26 million shareholders voted against the compensation proposal, compared to approximately 11 million who approved it.
FCB Financial (FCB) delivered earnings and revenue surprises of 0.00% and -3.16%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?
The bank, based in Weston, Florida, said it had earnings of 89 cents per share. Earnings, adjusted for non-recurring costs, came to 97 cents per share. The results met Wall Street expectations. The average ...
FCB Financial Holdings, Inc. today reported third quarter 2018 net income of $43.5 million, or $0.89 per share on a fully diluted basis, and adjusted net income of $47.3 million, or $0.97 per share on a fully diluted basis.
FCB Financial Holdings, Inc. today reports it remained 100% operational throughout the storm and currently expects only nominal customer business interruption or credit impact as a result of the storm.
Synovus Financial Corp. (SNV) and FCB Financial Holdings, Inc. (FCB) today jointly announced that each company will hold a special meeting on November 29, 2018, for the companies’ respective shareholders to consider and vote on the proposals related to the definitive merger agreement, dated as of July 23, 2018, under which Synovus will acquire FCB Financial Holdings, Inc., owner of Florida Community Bank, Florida’s largest community bank. The boards of directors of Synovus and FCB have each set October 24, 2018, as the record date for their respective special meetings.