start of year. HCBK continues to mark time as it awaits approval for its purchase by M&T Bank. Previously: Hudson City Bancorp beats by $0.01, beats on revenue Post your comment!
Hudson City Bancorp (NASDAQ: HCBK ): Q2 EPS of $0.08 beats by $0.01 . Revenue of $138.86M (-18.0% Y/Y) beats by $9.99M . Press Release Post your comment!
management capabilities. We expect M&T to eventually rectify these problems--which continue to delay its planned merger with Hudson City --but the bank's expense base is likely to remain above previous levels for quite some time. M&T was able to expand
M&T's presence in the attractive mid-Atlantic region and provides a welcome source of non-interest income, while Hudson City will add a base of well-off customers.M&T has proven to be a skillful acquirer. This could benefit the bank if middling
practices and other compliance issues, which have also contributed to a long delay in purchasing New Jersey's Hudson City Bancorp . We expect M&T to return to an above-average level of efficiency over time, but are concerned that the ratio
issues and close on the acquisition of Hudson City during the year. The deal will add ..... potential high-quality customers, but Hudson City 's change from specialty mortgage lender ..... combination of M&T, Wilmington Trust, and Hudson City to contribute to healthy growth in non
risk management, capital planning and stress testing, and compliance. The company has already delayed its acquisition of Hudson City because of issues with anti-money-laundering standards. The company's efficiency ratio rose to 56%, partly as a result
Hudson City Banc ( HCBK ): Q1 EPS of $0.10 misses by $0.01 . ( PR ) Post your comment!
deficiencies in M&T's Bank Secrecy Act/Anti-Money Laundering compliance. As a result, M&T's acquisition of Hudson City Bancorp HCBK will be delayed for the time being. At this time, we don't expect this issue to scuttle the merger, but
expand its balance sheet considerably during the year, with its net loan book increasing 11%. The pending acquisition of Hudson City should provide even more opportunities for growth. While M&T faces the same interest rate headwinds as the rest of the