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MB Financial Inc (MBFI.OQ)

MBFI.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

MB Financial Says Merger Agreement Provides $151 Mln Fee Payable To Fifth Third Bancorp Upon Termination
Wednesday, 23 May 2018 

May 23 (Reuters) - Fifth Third Bancorp ::MB FINANCIAL - MERGER AGREEMENT PROVIDES $151 MILLION FEE PAYABLE BY CO TO FIFTH THIRD BANCORP UPON DEAL TERMINATION UNDER CERTAIN CIRCUMSTANCES.  Full Article

Fifth Third Bancorp To Merge With MB Financial in $4.7 Bln Deal
Monday, 21 May 2018 

May 21 (Reuters) - Fifth Third Bancorp ::FIFTH THIRD BANCORP TO MERGE WITH MB FINANCIAL, INC. CREATING A LEADING RETAIL AND COMMERCIAL FRANCHISE IN THE ATTRACTIVE CHICAGO MARKET.FIFTH THIRD BANCORP - DEAL FOR VALUED AT APPROXIMATELY $4.7 BILLION.FIFTH THIRD BANCORP - APPROXIMATELY 90 PERCENT OF CONSIDERATION WILL BE IN STOCK WITH REST IN CASH.FIFTH THIRD BANCORP - COMMON SHAREHOLDERS OF MB FINANCIAL WILL RECEIVE $54.20 OF TOTAL CONSIDERATION.FIFTH THIRD BANCORP - 2 MEMBERS OF MB FINANCIAL'S BOARD OF DIRECTORS ARE EXPECTED TO JOIN FIFTH THIRD BANCORP BOARD.FIFTH THIRD BANCORP - TRANSACTION EXPECTED TO REDUCE FIFTH THIRD'S REGULATORY COMMON EQUITY TIER 1 (CET1) RATIO BY APPROXIMATELY 45 BASIS POINTS.FIFTH THIRD BANCORP - TOTAL CONSIDERATION CONSISTS OF 1.45 SHARES OF FIFTH THIRD STOCK AND $5.54 IN CASH FOR EACH SHARE OF MB FINANCIAL.FIFTH THIRD BANCORP - TRANSACTION IS EXPECTED TO REDUCE FIFTH THIRD'S REGULATORY COMMON EQUITY TIER 1 (CET1) RATIO BY APPROXIMATELY 45 BASIS POINTS.FIFTH THIRD BANCORP - EXPECT DEAL TO BE ACCRETIVE TO OPERATING EPS IN FIRST YEAR, WITH ACCRETION OF NEARLY 7 PERCENT IN SECOND YEAR.FIFTH THIRD BANCORP - INTENDS TO COMPLETE 2017 CCAR BUYBACK PLAN BY REPURCHASING UP TO $235 MILLION SHARES BEFORE BEGINNING PROXY SOLICITATION FOR DEAL.FIFTH THIRD BANCORP - EXPECT INVESTMENT TO GENERATE AN IRR OF APPROXIMATELY 18.5 PERCENT.FIFTH THIRD BANCORP - EXPECT DEAL TO ACCELERATE PROGRESS TOWARDS NORTHSTAR FINANCIAL TARGETS & ALSO RAISE THEM ABOVE PREVIOUS GUIDANCE.  Full Article

MB Financial Q1 Non-GAAP Earnings Per Share $0.81
Tuesday, 24 Apr 2018 

April 24 (Reuters) - MB Financial Inc ::Q1 NON-GAAP EARNINGS PER SHARE $0.81.QUARTERLY OPERATING EARNINGS PER SHARE $0.64.QUARTERLY NET INTEREST INCOME $140.5 MILLION VERSUS $131.45 MILLION.  Full Article

MB Financial Sets Quarterly Cash Dividend Of $0.24 Per Share
Friday, 2 Mar 2018 

March 2 (Reuters) - MB Financial Inc ::MB FINANCIAL, INC. ANNOUNCES INCREASE IN QUARTERLY DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.24PER SHARE.  Full Article

MB Financial Estimates Revaluation Of Net Deferred Tax Liabilities From TCJA Will Result In One-Time Tax Benefit Of At Least $85 Mln‍​
Thursday, 28 Dec 2017 

Dec 28 (Reuters) - MB Financial Inc ::MB FINANCIAL - ESTIMATES REVALUATION OF NET DEFERRED TAX LIABILITIES FROM TAX CUTS AND JOBS ACT WILL RESULT IN 1 TIME TAX BENEFIT OF AT LEAST $85 MLN‍​.  Full Article

MB Financial ‍declared cash dividend of $0.21 per share payable on December 29, 2017​
Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Mb Financial Inc ::‍DECLARED A CASH DIVIDEND OF $0.21 PER SHARE PAYABLE ON DECEMBER 29, 2017​.  Full Article

MB Financial, inc. Announces pricing of depositary shares
Thursday, 16 Nov 2017 

Nov 15 (Reuters) - Mb Financial Inc :Mb financial, inc. Announces pricing of depositary shares offering.‍says depositary shares priced at $25 per depository share, equivalent to $1,000 per share of preferred stock​.  Full Article

MB Financial announces public offering of depositary shares
Monday, 13 Nov 2017 

Nov 13 (Reuters) - MB Financial Inc :MB Financial Inc announces public offering of depositary shares; MB Financial Bank, n.a. Announces offering of subordinated notes.MB Financial - ‍commenced offering of depositary shares, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share)​.MB Financial - ‍commenced an registered public offering of depositary shares, par value $0.01 per share, with liquidation preference of $1,000 per share​.MB Financial Inc - ‍co's unit MB Financial Bank, n.a., also commenced an offering of fixed-to-floating rate subordinated notes due 2027​.MB Financial - ‍intends to use proceeds from offering to fund redemption of some or all of 4 million outstanding shares of series a preferred stock​.  Full Article

MB Financial Inc files for potential mixed shelf offering, size undisclosed ‍​
Friday, 3 Nov 2017 

Nov 3 (Reuters) - MB Financial Inc ::MB Financial Inc files for a potential mixed shelf offering; size undisclosed - SEC filing ‍​.  Full Article

MB Financial reports results of its 2017 Dodd-Frank Act company-run stress test
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - MB Financial Inc :MB Financial Inc reports results of its 2017 Dodd-Frank Act company-run stress test.  Full Article

Investors Bancorp exploring possible sale - WSJ

Nov 6 U.S. regional bank Investors Bancorp Inc has hired deal adviser Keefe, Bruyette & Woods Inc., to find a potential buyer, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.