First Niagara Bank (merged into KeyBank)
First Niagara Bank reported total assets of $32.9 bn at Q3 2016, its last Call Report before it merged into KeyBank. The CET1 capital ratio at First Niagara Bank was 11.11%, and the uninsured share of First Niagara Bank was 31.46%. Source: FDIC Call Reports.
What sets First Niagara Bank apart
Nothing in the latest data sets First Niagara Bank apart from banks of its size: no ratio in the top or bottom tenth of its size group, no large rank move or year change, and no acquisition in the FDIC history since 2016. This page is kept out of search results until that changes.
How large is First Niagara Bank?
The balance sheet of First Niagara Bank at : assets $32.9 bn, deposits $27.3 bn, net loans $23.0 bn (loans equal to 84.03% of deposits). Securities make up 16.8% of total assets at First Niagara Bank. Since , when First Niagara Bank held $40.0 bn, its assets shrank 17.7%. At , First Niagara Bank employed 4,867 full-time equivalent staff across 390 offices, about $6.8 mn of assets per employee and $70.1 mn of deposits per office.
How much funding at First Niagara Bank is uninsured?
At First Niagara Bank, uninsured deposits (above the FDIC limit) made up 31.46% of domestic deposits at . In dollars, First Niagara Bank estimated $8.6 bn of uninsured deposits.
Key facts, Q3 2016
| Metric | Value | A year earlier | US rank |
|---|---|---|---|
| Total deposits | $27.3 bn | not available | |
| Net loans and leases | $23.0 bn | not available | |
| Loan-to-deposit ratio | 84.03% | not available | |
| Tier 1 leverage ratio | 8.47% | not available | |
| Total risk-based capital ratio | 11.26% | not available | |
| Net interest margin | 0.68% | not available | |
| Return on assets (ROA) | -0.01% | not available | |
| Efficiency ratio | 91.90% | not available | |
| Unrealized gain/loss on held-to-maturity securities | Gain of $1.1 mn | not available | |
| Unrealized gain/loss on available-for-sale securities | Gain of $3.6 mn | not available | |
| Noncurrent loans to total loans | 1.22% | not available | |
| Net charge-offs to average loans | 0.01% | not available |
US rank of First Niagara Bank: 1 = highest unless marked 1 = lowest.
Balance sheet
First Niagara Bank: assets, deposits and loans
- Total assets $32.9bn
- Deposits $27.3bn
- Net loans $23.0bn
Capital and securities
The CET1 ratio of First Niagara Bank stood at 11.11% in . Low and high at First Niagara Bank since : 10.73% () to 11.11% (). Equity capital of First Niagara Bank at : $4.4 bn, or 13.5% of total assets. First Niagara Bank also reported a total capital ratio of 11.26% for , and a tier 1 leverage ratio of 8.47%.
On held-to-maturity securities, First Niagara Bank carried an unrealized gain of $1.1 mn at , equal to 0.0% of equity capital. The available-for-sale portfolio of First Niagara Bank showed an unrealized gain of $3.6 mn at .
First Niagara Bank: capital ratios
- Total capital 11%
- CET1 11%
- Tier 1 leverage 8.5%
First Niagara Bank: unrealized securities gains and losses
- Available for sale $4mn
- Held to maturity $1mn
Profitability and loan quality
For the year to , First Niagara Bank earned a return on equity of -0.10%; return on assets: -0.01%. Net interest margin at First Niagara Bank: 0.68%. First Niagara Bank net income: -$3.4 mn. The efficiency ratio of First Niagara Bank was 91.90%: about 92 cents cost per revenue dollar, against 57 cents at the median peer.
At , noncurrent loans were 1.22% of total loans at First Niagara Bank; net charge-offs: 0.01% of average loans. Gross loans and leases at First Niagara Bank: $23.0 bn.
First Niagara Bank: profitability
- Return on equity -0.1%
- Net interest margin 0.7%
- Return on assets 0.0%
Peer group of First Niagara Bank
The peer group of First Niagara Bank is the 6 banks nearest to it by total assets at : 3 larger and 3 smaller. Of the peers, 1 shares the charter type of First Niagara Bank (national bank) and 0 have head offices in New York. Against them, First Niagara Bank shows CET1 ratio 11.11% against a peer median of 11.81%, return on equity -0.10% against a peer median of 10.07% and uninsured deposit share 31.46% against a peer median of 36.28%.
| Bank | Charter | State | Total assets | CET1 ratio | Return on equity | Uninsured share | |
|---|---|---|---|---|---|---|---|
| Citizens Bank of Pennsylvania | State-chartered stock savings bank | PA | $35.8 bn | 12.86% | 5.16% | 36.78% | |
| E*TRADE Bank | Federal savings bank | VA | $35.6 bn | 36.67% | 13.85% | 10.17% | |
| East West Bank | State member bank | CA | $33.2 bn | 11.28% | 12.81% | 50.07% | |
| First Niagara Bank | National bank | NY | $32.9 bn | 11.11% | -0.10% | 31.46% | |
| First-Citizens Bank & Trust Company | State nonmember bank | NC | $32.8 bn | 12.35% | 8.06% | 35.77% | |
| BOKF | National bank | OK | $32.7 bn | 10.65% | 8.20% | 57.06% | |
| Barclays Bank Delaware | State nonmember bank | DE | $31.2 bn | 10.62% | 11.94% | 5.17% | |
. FDIC Call Reports.
Last eight quarters
Two years at First Niagara Bank, to : assets $40.0 bn to $32.9 bn, deposits $30.1 bn to $27.3 bn, equity $4.4 bn to $4.4 bn. Staff 5,322 to 4,867; offices 408 to 390.
| Metric | Q1 2016 | Q2 2016 | Q3 2016 |
|---|---|---|---|
| Total assets | $40.0 bn | $39.9 bn | $32.9 bn |
| Total deposits | $30.1 bn | $29.5 bn | $27.3 bn |
| Bank equity capital | $4.4 bn | $4.5 bn | $4.4 bn |
| CET1 ratio | 10.73% | 10.86% | 11.11% |
| Return on equity (ROE) | 5.57% | 5.60% | -0.10% |
| Uninsured share of domestic deposits | 30.20% | 28.98% | 31.46% |
| Full-time equivalent employees | 5,322 | 5,255 | 4,867 |
| Number of offices | 408 | 408 | 390 |
FDIC Call Reports.
Mergers and acquisitions
The FDIC history of First Niagara Bank, oldest first; figures before and after each event are not like for like.
- . Merged into KeyBank National Association (FDIC certificate 17534).
Questions and identifiers
What were the total assets of First Niagara Bank?
First Niagara Bank reported $32.9 bn at in its Call Report.
Is First Niagara Bank the same as its holding company?
No. This page covers First Niagara Bank, FDIC certificate 16004; KEYCORP (as reported to the FDIC), its holding company, reports separately to the Federal Reserve.
Is First Niagara Bank profitable?
First Niagara Bank reported net income of -$3.4 mn for the year to ; annualized return on equity: -0.10%. So no: First Niagara Bank made a loss over these months.
When is data for First Niagara Bank next updated?
First Niagara Bank no longer files Call Reports; its data ends at .
Where can I check the figures for First Niagara Bank?
In the FDIC BankFind Suite record for certificate 16004, and in the Call Reports of First Niagara Bank (RSSD ID 517900) at the FFIEC Central Data Repository.