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Profile - First Niagara Financial (NasdaqNM:FNFG)
As of 31-Aug-2001
Enter symbol:
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Financials
Recent Events
Aug 20Price hit new 52-week high ($17.90)
Aug 14Dividend payment of $0.09
Location
6950 South Transit Road, P.O. Box 514
Lockport, NY 14094
Phone: (716) 625-7500
Fax: (716) 625-8405
Email: chris.thome@firstniagarabank.com
Employees (last reported count): 624
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Financial
 ·Industry: S&Ls/Savings Banks
Company Websites
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Ownership
·Insider and 5%+ Owners: 65%
·Institutional: 14% (39% of float)
(78 institutions)
·Net Inst. Selling: 37.0K shares (+1.07%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
First Niagara Financial Group, Inc., formerly Niagara Bancorp, Inc., is the holding company for First Niagara Bank, formerly Lockport Savings Bank. The Bank operates as a wholly owned subsidiary of the Company and is a full-service, community-oriented savings bank that emphasizes personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its traditional market area in the Western New York counties of Niagara, Orleans, Erie and Genesee. The Bank's business is primarily accepting deposits from customers through its branch offices and investing those deposits, together with funds generated from operations and borrowings, in one- to four-family residential, multi-family residential and commercial real estate loans, commercial business loans, consumer loans, and investment securities. During 1999, the Bank expanded its strategic focus in both product offerings and market area.
More from Market Guide: Expanded Business Description

Financial Summary
First Niagara Financial Group is a bank holding company for First Niagara Bank. For the six months ended 6/30/01, total interest income rose 50% to $89.7 million. Net interest income after loan loss provision rose 36% to $35.9 million. Net income rose 2% to $9.7 million. Net interest income reflects increased average loan balances, partially offset by increased interest paid on deposits. Earnings suffered from increased personnel, occupancy and amortization costs.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

William Swan, 53
Chairman, Pres, CEO
$737K
Daniel Dintino, Jr.
CFO, Sr. VP
--  
Kathleen Monti, 52
Exec. VP, CAO
301K
G. Berner, 53
Exec. VP and CLO
306K
Paul Kolkmeyer, 48
Exec. VP and CBO
408K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NasdaqNM:FNFGAs of 31-Aug-2001
Price and Volume
52-Week Low
on 14-Nov-2000
$8.75 
Recent Price$16.00 
52-Week High
on 20-Aug-2001
$17.90 
Beta0.81 
Daily Volume (3-month avg)35.9K
Daily Volume (10-day avg)55.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y]
52-Week Change+68.4%
52-Week Change
relative to S&P500
+125.9%
Share-Related Items
Market Capitalization$410.9M
Shares Outstanding25.7M
Float9.00M
Dividends & Splits
Annual Dividend (indicated)$0.36 
Dividend Yield2.25%
Last Splitnone 
Per-Share Data
Book Value (mrq)$9.84 
Earnings (ttm)$0.80 
Earnings (mrq)$0.20 
Sales (ttm)$6.74 
Cash (mrq)$1.90 
Valuation Ratios
Price/Book (mrq)1.63 
Price/Earnings (ttm)20.13 
Price/Sales (ttm)2.37 
Income Statements
Sales (ttm)$167.0M
EBITDAN/A 
Income available to common (ttm)$19.7M
Profitability
Profit Margin (ttm)11.8%
Operating Margin (ttm)40.4%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)0.84%
Return on Equity (ttm)8.13%
Financial Strength
Current RatioN/A 
Debt/EquityN/A 
Total Cash (mrq)$48.6M
Short Interest
As of 8-Aug-2001
Shares Short30.0K
Percent of Float0.3%
Shares Short
(Prior Month)
31.0K
Short Ratio0.62 
Daily Volume48.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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