First Niagara profit steady, plans stock sale

Apr 13th, 2009 - bizjournals

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First Niagara Financial Group Inc. reported first-quarter profit of $18.7 million, on par with a year ago, and said it was planning a $300 million stock offering in part to repay the federal government for funds released through the Treasury Department.

Net income in the same quarter of last year was $18.8 million.

Earnings per share in the first quarter of 2009 were 14 cents compared to 18 cents a year ago.

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