BNET Industries
Colonial BancGroup Inc. (CNB) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $1.7B
- Profit
- Dec 31 2007
- $180.9M
- Market Cap
- Aug 19 2008
- $1.2B
Latest News and Analysis
11 Quick Facts About Colonial Bancgroup
Colin Peterson submits: I was just reading the latest CNB CNB 10-Q. I thought I'd post my notes up here.Loan portfolio is 37% RE construction, 32% commercial RE, 17% residential RE.FDIC insurance and other regulatory fees were $4.4m for Q2, up 258.3% yoy.They have a huge portfolio of securities...
Second Quarter Earnings Season: Biggest Winners and Losers
Hickey and Walters Bespoke submit: Below we highlight the Dow 30 stocks that have reported earnings this season along with the one-day change in response to their reports. As shown, 13 of the 20 Dow stocks that have reported went up in reaction to earnings, with JPM going...
Colonial BancGroup, Inc. Q1 2008 Earnings Call Transcript
Colonial BancGroup, Inc. Q1 2008 Earnings Call Transcript
Colonial BancGroup, Inc. Q4 2007 Earnings Call Transcript
Colonial BancGroup, Inc. Q4 2007 Earnings Call Transcript
Colonial BancGroup Q3 2007 Earnings Call Transcript
Colonial BancGroup Q3 2007 Earnings Call Transcript
Additional Resources
*Revised* Analyst Reports for AZZ incorporated, The Colonial BancGroup Inc., The Sherwin-Williams Company, and Regions Financial Corporation
MaybachFinancial.com is one of the fastest growingindependent and unbiased research firms in the world. Through our numerouspartnerships with many of the top investment minds in the world, we provideresearch on companies making a move in the markets. Investors seekinggenuine analyst opinions on their investments for AZZ incorporated (NYSE:...
Colonial BancGroup to Announce 2nd Quarter 2008 Results on July 21, 2008
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. announced that it plans to release the 2nd quarter 2008 results before the market opens on Monday, July 21, 2008. Colonial's management will host a conference call on July 21, 2008 at 9:00 AM/ET to discuss the earnings results for...
Colonial Bank Announces Change to State Chartered Bank
MONTGOMERY, Ala. -- Colonial Bank (NYSE: CNB) Chairman, CEO and President Robert E. Lowder announced today that Colonial Bank has changed from a nationally chartered bank to a state chartered bank effective immediately. According to Mr. Lowder, Colonial Bank will be regulated by the State...
BellwetherReport.com Analyst Report on MRVL, CNB, POT and SLB
BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...
Colonial BancGroup Completes Sale of $350 Million of Common Stock
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB)announced today it has completed the previously announced public offering of 43.7 million shares of its common stock at $8.00 per share for total gross proceeds of $350 million. All of the shares were sold directly by Colonial. The number of shares...
Colonial BancGroup Prices $304 Million Common Stock Offering
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) announced today it has priced its public offering of 38 million shares of its common stock at $8.00 per share for total net proceeds of approximately $289 million. All of the shares are being offered directly by Colonial. Colonial has granted...
Colonial BancGroup Announces Common Stock Offering
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) today announced that it will issue 25 million shares of its common stock in an underwritten registered offering. Colonial has granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock to cover over-allotments. Net...
Colonial BancGroup Reports 1st Quarter Earnings
MONTGOMERY, Ala. -- Colonial BancGroup, Inc. (NYSE: CNB): SUMMARY OF 1st QUARTER 2008 RESULTS: * Earnings per share of $0.16 for the 1st quarter, an increase of $0.10 over the 4th quarter 2007 and a decrease of $0.08 from the 1st quarter 2007 *...
Fitch Affirms The Colonial BancGroup Inc.'s Ratings; Outlook Remains Negative
NEW YORK -- Fitch Ratings has affirmed the ratings of The Colonial BancGroup, Inc. CNB and its subsidiaries. The Rating Outlook remains Negative. A list of ratings follows this release. The affirmation follows CNB's recent announcement to raise $250 million in common stock in an effort to bolster...
Colonial BancGroup to Announce 1st Quarter 2008 Results on April 21, 2008
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) announced that it plans to release the 1st quarter 2008 results before the market opens on Monday, April 21, 2008. Colonial's management will host a conference call on April 21, 2008 at 9:00 AM/ET to discuss the earnings results for the...
Fitch Assigns The Colonial BancGroup Inc.'s Subordinated Notes 'BBB-'
NEW YORK -- Fitch Ratings has assigned a rating of 'BBB-' to the subordinated notes issued by The Colonial BancGroup, Inc. CNB. The $250 million of subordinated securities will pay a fixed rate of 8.875% and mature in March 2038 but may be redeemed on or after March 2013. Proceeds...
Colonial BancGroup Reports 4th Quarter Earnings; Increases Dividend
MONTGOMERY, Ala. -- Colonial BancGroup, Inc. (NYSE: CNB): SUMMARY OF 2007 RESULTS: * Earnings per share of $0.06 for the 4th quarter, including $0.26 of provision in excess of net charge-offs and $0.02 of merger and severance costs * Significant increase in loan loss...
Colonial BancGroup Increases Dividend
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE: CNB) Chairman, CEO and President, Robert E. Lowder, announced that at its meeting today, the board of directors declared a regular quarterly dividend of $0.19 per share of Colonial BancGroup common stock, a 1% increase over the $0.1875 paid to shareholders in...
Colonial BancGroup to Announce 2007 Results on January 23, 2008
MONTGOMERY, Ala. -- The Colonial BancGroup, Inc. (NYSE:CNB) announced that it plans to release 2007 results before the market opens on Wednesday, January 23, 2008. Colonial's management will host a conference call on January 23, 2008 at 9:00 AM/ET to discuss the earnings results for 2007. Individuals...
Fitch Affirms The Colonial Bancgroup, Inc.'s Ratings; Revises Outlook to Negative
NEW YORK -- Fitch Ratings has affirmed the ratings of The Colonial Bancgroup, Inc. CNB and its subsidiaries. The Rating Outlook has been revised to Negative from Stable. A list of ratings follows this release. The affirmation reflects the company's stable earnings performance, which draws...
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- Incorporated: 1974
- CEO: Mr. Robert E. Lowder
- Employees: 4,646
Colonial BancGroup is a bank holding company. Through its subsidiaries, Co. is engaged in providing various products and services that include retail and commercial banking, wealth management services, mortgage banking and insurance through its branch network, private banking offices, automated teller machines and the internet as well as other distribution channels to consumers and businesses. As of Dec 31, 2007, Co. had 338 branches, with 196 branches in Florida, 90 branches in Alabama, 18 branches in Georgia, 18 branches in Texas and 16 branches in Nevada. As of this date, Co. had total assets of approximately $25.98 billion and total deposits of approximately $18.54 billion.
Key Competitors
Colonial BancGroup Inc. Company Info
Board of Directors
Mr. Robert E. Lowder
Chairman
Mr. Milton E. McGregor
Mr. William E. Powell III
Mr. Simuel Sippial Jr.
Mr. Robert S. Craft
Mr. Hubert L. Harris Jr.
Mr. Clinton O. Holdbrooks
Mr. James W. Rane
Mr. John C. H. Miller Jr.
Vice-Chairman
Mr. Lewis E. Beville
Ms. Deborah L. Linden
Mr. John Ed Mathison
Mr. Joseph D. Mussafer
Mr. Edward V. Welch
Mr. Augustus K. Clements III
Mr. Patrick F. Dye
Contact Information
100 Colonial Bank Boulevard
Montgomery, AL
334 676-5000
NAICS Code
Commercial Banking: 522110Brought to you by IBM
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