Archive for November, 2013

Bristol Arena: Further regional cash loan supported in Bath

Saturday, November 30th, 2013

A request for a further regional loan of £27m for the Bristol Arena would be supported by politicians in Bath.

Bristol mayor George Ferguson said last week he was still in discussions about more money needed to breathe life into the £90m project.

Some £25m has already been given by the Wests Local Enterprise Partnership (LEP), for which he is a board member.

Bath and North East Somerset Councils leader, another board member, said he would not stand in the way of the bid.

Liberal Democrat councillor Paul Crossley, said: If this is a priority for Bristol then it is not for me to say it is not a priority.

Two other neighbouring council leaders, from North Somerset and South Gloucestershire, also have a seat on the LEP board and could possibly have to vote for or against Mr Fergusons request for extra funding.

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Cashloanscorner.Com Claims No Credit Cash Advance Services

Thursday, November 28th, 2013

Cashloanscorner.Com Claims No Credit Cash Advance Services

Cashloanscorner.com helps its customers to get hassle free payday loans. They have done this over several years now and have reached several clients and customers who have been highly benefitted with their variety of services. Cashloanscorner.com is considered as the ultimate solution provider when it comes to taking emergency loans. The site is rated among top websites that provide payday loan assistance to the people who are in need of quick cash in days of emergency.

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EZCORP Inc (EZPW): EZCorp: 27% Trading Upside, 100% Long-Term Upside

Thursday, November 28th, 2013

Shares of EZCorp (EZPW) have been under pressure lately, falling from around $17.50 to as low as $15.64 in recent trading. The stock was already substantially undervalued, but what caused it to fall even more, and whats the right move here??Its instructive to examine the companys macro picture in order to understand recent developments. A substantial amount of EZs revenue was driven by payday lending and pawn loans. During the financial crisis, unemployment soared. Since a payday advance borrower must have a job, that demographic transitioned into the pawn product. This coincided with record gold prices. The result was that EZs pawn revenues and profits soared both domestically and in their other big market of Mexico.

Gold prices have since fallen precipitously, a lot of customer inventory had been sold off, and the job market picked up again. Faced with difficult YOY comparisons, revenues dropped off. EZs Mexican pawn business was very gold-dependent, so those stores particularly suffered. As organic pawn growth returned to the mean of 3-4% long-term growth, and as payday lending has been a saturated market for some time, the company has been transitioning into new products. Revenues and earning assets continue to rise, so the companys core assets continue to generate cash flow the company needs to expand. Take a look at the Q3 numbers and youll see the core business is just fine. Total revenues were $235 million, an increase of 5. Earning assets were $416 million, an increase of 21%. Pawn loan balances were $137 million, up 2% YOY. General merchandise loan balances were up 11% in total and 9% on a same store basis. Revenues from pawn service charges increased 5% in total and 2% on a same store basis. Merchandise sales increased 9% in total and 5% on a same store basis.

Now lets move on to relatively newer products. Balances on new single payment, multiple payment and auto title loan products were up 48%, driven by auto title loans.

EZCorp made a terrific purchase of an online loan platform, GOCash last year. Online payday lending has exploded in the past few years and is now responsible for 22% of all online lending. GOCash saw a 63% increase in loan book in the quarter, and yet the platform only lends in five of the thirty-three states where it is permitted to lend. GOCash and a very long way to go as it continues to penetrate the market. Ironically, this takes us to the first of two major reasons why EZCorp has sold off recently. Misperception about regulatory moves that actually will help EZ are to blame.

The federal government does not want consumers to have free choice in the short-term lending market, so it has made an ill-advised attack on ACH processors and banks that are involved with online lending. There are four online models: tribal, offshore, choice-of-law models, and state-licensed. Anyone involved with the first three is under assault. However, companies that are licensed in each state that they operate are not, and GOCash is state-licensed platform. This means that as lenders using the other platforms shut down, consumers will move to the state-licensed products, which should boost GoCashs market share. It was already a very profitable business and will be more so, especially as the company also moves this platform overseas.

The companys strategic ownership positions in other companies are also a growth driver. The company owns 60% of Crediamigo, a direct-to-employee loan model facilitated via payroll companies. It gives EZ access to more than 3 million employees, across some 200 companies, with a potential reach of over 1,000 companies throughout Latin America. It owns a large part of Cash Converters, an international buy/sell company with over 700 international locations. It owns Cash Genie, a UK-based online lending company, as well as 30% of Albermarle amp; Bond, a UK-based pawn lender.

Its the Albermarle amp; Bond ownership that has also hit EZs stock. Aamp;B also got hit with the big decline in gold prices, with badly affected its business. Its stock is down 75% from its high, and EZ did not want to inject 35 million British Pounds into the company to shore up its balance sheet. Concerns over the companys debt covenants hurt the stock price as a new CEO has joined the team. Yet, Aamp;Bs contribution represents a mere 3% contribution to EZs assets and net income. The market took EZs stock down more than 10% based on this and the non-story of GO Cash being impacted.?Meanwhile, the company generated $94 million in free cash flow over the TTM. This means the company is generating tons of cash to plow back into the business. Now, look at the balance sheet. Take all the assets of $1.34 billion. Back out the tax assets, goodwill, prepaid expenses, intangible assets, 80% of delinquent loans, 20% of current loans and receivables, and net assets come to $600 million. Liabilities taken in total comes to about $358 million. So the companys book value translates to about $5.50 per share, and trades at only $15.70, or about 2.9x tangible book. The most similar competitors, First Cash Financial Services (FCFS) has a tangible book value of $300 million, and trades at almost 11x tangible book value.

On a P/E basis, EZCorp is estimated to earn $2.00 per share this year, giving it a P/E of just under 8. Even if one buys into long-term growth estimates of 10% annualized – which I think it well below the 15% EZ will likely grow at given all its new opportunities, the stock should be trading at $20. That alone is 27% above todays closing price. If you buy into the 15% argument, the stock is 50% undervalued.

In the universe of these stocks, you also have Cash America (CSH), which trades at a P/E of 10.5 on long-term growth of about 13.5%. The stock is thus arguably undervalued on a PEG basis. First Cash trades at 20x earnings on 20% earnings growth, so its arguably fairly valued. DFC Global (DLLR) trades at 10x earnings on 17% long term growth, although that may be a bit optimistic. Closely-related businesses that focus almost exclusively on installment lending include World Acceptance Corporation (WRLD), fairly valued at 10.5x estimates on 11% long term growth, and Regional Management Corporation (RM) trading at 13x estimates on about the same growth rate. Of course, if you want to just play it safe with a basket of financials, and avoid growth stocks, thats why the Financial Select Sector SPDR (XLF) is there for the taking.

Nevertheless, EZCorp remains the best near-term play for at least a trade, and long term remains the most undervalued of the sector. This is a great opportunity to jump into the alternative finance space at an incredibly cheap price. With stagnant wages and stealth inflation eating into peoples paychecks, there will be ongoing necessity for short-term credit. EZs free cash flow will permit continual investment in these and other new initiatives. Dont wait.

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First Community Bancshares, Inc. Announces Third Quarter 2013 Results

Wednesday, November 27th, 2013

BLUEFIELD, Va., Oct. 30, 2013 (GLOBE NEWSWIRE) — First Community Bancshares, Inc. (Nasdaq:FCBC) (www.fcbinc.com) (the Company) today reported net income for the quarter and nine months ended September 30, 2013, of $5.41 million and $17.99 million, respectively. Net income available to common shareholders totaled $5.15 million, or $0.26 per diluted common share, for the quarter ended September 30, 2013. Net income available to common shareholders totaled $17.22 million, or $0.85 per diluted common share, for the nine months ended September 30, 2013. Excluding nonrecurring income and expense items, core earnings for the quarter and nine months ended September 30, 2013, totaled $6.11 million and $18.46 million, respectively.

On October 22, 2013, the Company announced that the Board of Directors approved a plan to repurchase and hold up to 3.0 million shares, or 15.1%, of its outstanding common stock at September 30, 2013. Considering the 589,849 shares in treasury at September 30, 2013, the new repurchase plan would allow the Company to repurchase approximately 2.4 million additional shares, or 11.5% of as-converted outstanding shares. Additionally, the Board of Directors declared a quarterly cash dividend to common stockholders of 12 cents ($0.12). The year 2013 marks the 28th consecutive year of cash dividends paid to stockholders. The dividend is payable on November 22, 2013, to shareholders of record on November 8, 2013.

Third Quarter 2013 Highlights

  • The non-covered loan portfolio increased $25.85 million compared to the second quarter of 2013 and $15.73 million compared to year end 2012. This marks the second consecutive quarter non-covered loan growth has exceeded covered loan declines. The largest increases in the non-covered portfolio were single family owner occupied and owner occupied construction loans at $19.21 million and $4.07, respectively, compared to the second quarter of 2013. Growth in the non-covered portfolio was seen across all geographical areas of the Company.
  • Non-covered nonperforming loans as a percentage of total non-covered loans decreased 10 basis points to 1.87% compared with year end 2012. Non-covered nonperforming loans continue to decrease as a result of successful resolution efforts.
  • Annualized net charge-offs to average loans decreased 16 basis points to 0.42% compared with the third quarter of 2012. Year-to-date net charge-offs of $8.60 million have been largely driven by four loan relationships.
  • Tangible book value per common share increased $0.15 per share to $11.60 compared with the third quarter of 2012.
  • The Company repurchased 204,388 shares during the third quarter and another 93,032 shares during the first 29 days of October 2013.

Net Interest Income

Net interest income decreased $4.13 million, or 15.62%, to $22.33 million for the third quarter of 2013 compared with the third quarter of 2012. The tax equivalent net interest margin decreased 49 basis points to 3.99% for the third quarter of 2013 compared with 4.48% for the third quarter of 2012. Total interest income decreased $4.84 million, or 15.35%, to $26.70 million for the third quarter of 2013 compared with the third quarter of 2012. The tax equivalent yield on loans decreased 79 basis points to 5.50% and the average loan balance decreased $96.25 million, or 5.38%, to $1.69 billion for the third quarter of 2013 compared with the third quarter of 2012. The acquired Peoples Bank of Virginia (Peoples) and Waccamaw Bank (Waccamaw) portfolios declined approximately $116.59 million on average between the third quarters of 2013 and 2012 resulting in an increase in non-acquired average loan balances between the comparable quarters.

Loan interest accretion stemming from the Peoples and Waccamaw acquisitions totaled $3.47 million for the third quarter of 2013 compared to $4.71 million for the third quarter of 2012. During the third quarter of 2013, approximately $1.74 million of the $3.47 million in loan interest accretion was actual cash received on the Peoples and Waccamaw portfolios. Normalized net interest margin for the third quarters of 2013 and 2012, which excludes non-cash loan interest accretion, was 3.69% and 4.06%, respectively. Normalized yield on loans for the third quarters of 2013 and 2012 was 5.09% and 5.72%, respectively.

Total interest expense decreased $707 thousand, or 13.93%, to $4.37 million for the third quarter of 2013 compared with the third quarter of 2012. Deposit costs decreased $456 thousand, or 22.10%, to $2.15 million for the third quarter of 2013 compared with the third quarter of 2012, reflecting an 8 basis point decrease in the average rate paid on interest-bearing deposits. Borrowing costs decreased $251 thousand, or 10.15%, to $2.22 million for the third quarter of 2013 compared with the third quarter of 2012. The average rate paid on interest-bearing liabilities decreased 8 basis points to 0.90% for the third quarter of 2013 compared with the third quarter of 2012. The average balance of interest-bearing liabilities decreased $141.69 million, or 6.86%, to $1.92 billion for the third quarter of 2013 compared with the third quarter of 2012, which included a $92.98 million decrease in average interest-bearing deposits and a $48.74 million decrease in average total borrowings.

Noninterest Income

Noninterest income decreased $3.05 million, or 27.34%, to $8.11 million for the third quarter of 2013 compared with the third quarter of 2012, which included a $2.39 million out-of-period adjustment recorded during the third quarter of 2012 to correct the overstatement of charge-offs and corresponding understatement of pre-tax income for the years ended December 31, 2009, 2010, and 2011. Wealth management revenues decreased $142 thousand, or 14.13%, for the third quarter of 2013 compared with the third quarter of 2012. The Trust and Wealth Management Divisions reported $891 million in assets under management as of September 30, 2013. Service charges on deposit accounts decreased $313 thousand, or 8.04%, and other service charges and fees increased $146 thousand, or 8.95%, for the third quarter of 2013 compared with the third quarter of 2012. Insurance commissions experienced a slight decrease of $57 thousand, or 3.53%, to $1.56 million for the third quarter of 2013 compared with the same quarter of 2012. The Company realized a $39 thousand net loss on sale of securities for the third quarter of 2013, which was a decrease of $267 thousand compared to a net gain of $228 thousand for the third quarter of 2012. Amortization expense relating to the FDIC indemnification asset totaled $1.09 million during the third quarter of 2013, compared to accretion income of $131 thousand for the third quarter of 2012. Other operating income decreased $2.14 million, or 59.49%, for the third quarter of 2013 compared with the third quarter of 2012, which was primarily due to the $2.39 million out-of-period adjustment recorded during the third quarter of 2012. The Company incurred no other-than-temporary impairment charges during the third quarter of 2013, compared to $942 thousand related to a non-Agency mortgage-backed security for the third quarter of 2012.

Noninterest Expense

Noninterest expense experienced a decrease of $172 thousand to $20.15 million for the third quarter of 2013 compared with the third quarter of 2012. Salaries and employee benefits increased $220 thousand, or 2.03%, to $11.08 million for the third quarter of 2013 compared with the third quarter of 2012, which included a charge during the third quarter of 2013 to accrue for contractual executive severance of $1.07 million. Absent the one-time severance charge, salaries and employee benefits decreased $852 thousand, or 7.85%, from the third quarter of 2012. Salaries and employee benefits attributed to the Peoples and Waccamaw acquisitions totaled $1.15 million during the third quarter of 2013, which represents an increase of $231 thousand for the quarter ended September 30, 2013, compared with the same quarter of 2012. Occupancy, furniture, and equipment expense increased $279 thousand, or 10.30%, to $2.99 million for the third quarter of 2013 compared with the third quarter of 2012. Other operating expense increased $133 thousand to $5.44 million for the third quarter of 2013 compared with the third quarter of 2012. Other operating expense included a net loss on sales and expenses associated with other real estate owned of $272 thousand for the third quarter of 2013 compared to $490 thousand for the third quarter of 2012. The efficiency ratio for the third quarter of 2013 was 60.35% compared to 52.40% for the third quarter of 2012.

Provision for Loan Losses and Asset Quality

The provision for loan losses increased $417 thousand, or 21.76%, to $2.33 million for the third quarter of 2013 and $2.22 million, or 49.84%, to $6.68 million for the nine months ended September 30, 2013, compared with the same periods of the prior year. The provision expense for the third quarter of 2013 included an $812 thousand offset to the FDIC indemnification asset to recognize the portion of losses that are expected to be reimbursed by the FDIC related to the acquisition of Waccamaw. Approximately $390 thousand, or 16.72%, of the provision was attributed to new loan production during the third quarter of 2013.

The allowance for loan losses decreased to $24.67 million at September 30, 2013, compared with $25.77 million at December 31, 2012, and $25.84 million at September 30, 2012. At September 30, 2013, $22.97 million of the allowance was attributed to the legacy portfolio while $366 thousand and $1.33 million were attributed to the acquired Peoples and Waccamaw portfolios, respectively. Non-covered loans and other real estate owned are those assets not covered by loss share agreements between the FDIC and the Bank in relation to the acquisition of Waccamaw. The allowance for loan losses as a percentage of non-covered loans was 1.61% at September 30, 2013, compared with 1.70% at December 31, 2012, and 1.68% at September 30, 2012. For the third quarter of 2013, net charge-offs increased $317 thousand, or 24.67%, compared with the fourth quarter of 2012, and decreased $650 thousand, or 28.86%, compared with the third quarter of 2012. Annualized net charge-offs were 0.42% for the third quarter of 2013, which represents a decrease of 16 basis points compared with 0.58% for the third quarter of 2012.

Asset quality in the non-covered portfolio continues to improve, as non-covered delinquent loans, which are comprised of loans 30 days or more past due and nonaccrual loans, as a percentage of total non-covered loans decreased to 2.25% at September 30, 2013, compared to 2.52% for the same period of the prior year. Non-covered nonaccrual loans totaled $26.40 million at September 30, 2013, compared to $23.93 million at December 31, 2012, and $26.51 million at September 30, 2012. At quarter end, the Companys non-covered nonperforming loans as a percentage of total non-covered loans were 1.87% and non-covered nonperforming assets as a percentage of total non-covered assets were 1.37%.

Total nonperforming assets, including covered and non-covered loan portfolios, consisted of $29.98 million in nonaccrual loans, $82 thousand in accruing loans past due 90 days or more, $2.23 million in unseasoned, accruing troubled debt restructurings, and $12.83 million in other real estate owned at September 30, 2013. In comparison, total nonperforming assets consisted of $28.25 million in nonaccrual loans, $6.01 million in unseasoned, accruing troubled debt restructurings, and $9.00 million in other real estate owned at December 31, 2012.

Balance Sheet and Capital

Consolidated assets totaled $2.65 billion as of September 30, 2013, a decrease of $76.22 million, or 2.79%, compared with $2.73 billion at December 31, 2012. Consolidated liabilities totaled $2.30 billion as of September 30, 2013, a decrease of $70.84 million, or 2.99%, compared with $2.37 billion at December 31, 2012. Total stockholders equity decreased to $350.95 million as of September 30, 2013, compared with $356.32 million at December 31, 2012. Book value per as-converted common share decreased slightly to $16.75 as of September 30, 2013, compared with $16.76 as of December 31, 2012. Tangible book value per common share decreased to $11.60 as of September 30, 2013, compared with $11.66 as of December 31, 2012. Additionally, the Company repurchased 204,388 common shares at a cost of $3.19 million and paid a cash dividend of $0.12 per common share during the third quarter of 2013.

The Company significantly exceeds regulatory well capitalized targets as of September 30, 2013, with a total risk-based capital ratio of 17.80%, Tier 1 risk-based capital ratio of 16.55%, and a Tier 1 leverage ratio of 10.64%.

Non-GAAP Financial Measures

The Company prepares its financial statements in accordance with generally accepted accounting principles in the United States (GAAP). This press release also refers to certain non-GAAP financial measures that the Company believes provide investors with important information, when used in conjunction with results presented in accordance with GAAP, regarding our operational performance.

Core earnings are a non-GAAP financial measure that excludes certain items from net income. Excluded items include gains, losses, and impairment losses on securities; goodwill and intangible impairment; amortization of intangibles; taxes; and other nonrecurring income and expense items. Management believes that core earnings provide the Company and investors a valuable tool to evaluate the Companys financial results.

The efficiency ratio is a non-GAAP financial measure that is computed by dividing adjusted noninterest expense by the sum of tax equivalent net interest income and adjusted noninterest income. Management believes this measure provides investors with important information about the Companys operating expense control and efficiency of operations. Management also believes this ratio focuses attention on the core operating performance of the Company over time and is highly useful in comparing period-to-period operating performance of core business operations. The efficiency ratio used by the Company may not be comparable to efficiency ratios reported by other financial institutions.

Tangible book value per common share is a non-GAAP financial measure that is defined as stockholders equity less goodwill and other intangibles, divided by as-converted common shares outstanding. Average tangible common equity is a non-GAAP financial measure that is defined as average stockholders equity less average goodwill, other intangibles, and the preferred liquidation preference.

About First Community Bancshares, Inc.

First Community Bancshares, Inc., headquartered in Bluefield, Virginia, is a $2.65 billion financial holding company and the parent company of First Community Bank. First Community Bank operates seventy-two banking locations throughout Virginia, West Virginia, North Carolina, South Carolina, and Tennessee. First Community Bank offers wealth management and investment services through its Trust Division and First Community Wealth Management, a registered investment advisory firm. The Trust Division and First Community Wealth Management managed assets with a market value of $891 million as of September 30, 2013. The Company is also the parent company of Greenpoint Insurance Group, Inc., a full-service insurance agency headquartered in High Point, North Carolina, that operates seven insurance locations throughout Virginia, West Virginia, and North Carolina. The Companys common stock is traded on the NASDAQ Global Select Market under the symbol, FCBC. Additional investor information can be found on the Companys website at www.fcbinc.com.

This news release may include forward-looking statements. These forward-looking statements are based on current expectations that involve risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may differ materially. These risks include: changes in business or other market conditions; the timely development, production and acceptance of new products and services; the challenge of managing asset/liability levels; the management of credit risk and interest rate risk; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the Companys Securities and Exchange Commission reports including, but not limited to, the Annual Report on Form 10-K for the most recent year ended. Pursuant to the Private Securities Litigation Reform Act of 1995, the Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

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West Easton man steals motorcycle, hocks it to buy bus ticket, police say

Wednesday, November 27th, 2013

A West Easton man stole an Easton womans motorcycle and used it as collateral for a cash loan to buy a bus ticket and food, police said.

Christopher C. Ridgeway, 42, disappeared Tuesday afternoon after he got the money from Reinaldo Figueroa of Bethlehem while the two of them were at 215 Canal Road in Williams Township, state police at Belfast said.

Ridgeway had found the motorcycle, belonging to Margret Schenewolf, police said. He told Figueroa it was his broken-down bike and hed give it to Figueroa until he paid back the loan, police said.

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Payday Loans Cash Advance in New Mexico

Tuesday, November 26th, 2013

The state ofNew Mexicohas payday loan laws that are designed to help keep the lenders in the state while still providing some protection to consumers that makes it hard to end up with major debt problems. Legislation to reform the cash advance regulations took effect in 2007, when Governor Bill Richardson signed the new law.

The payday loan laws focused on providing the opportunity to make use of emergency loans without making it easy to face financial strife. A database was created to keep track of all borrowers and lenders within the state. By monitoring the database and information within the computer system, the state is able to ensure every citizen and business owner complies with the regulations and payday loan laws.

While the law that was signed into effect in 2007 related to the database, it also set limitations on lending practices. The law limited the amount lenders could provide based on the income level of the borrower. A cash advance borrower in New Mexico can take out a loan that is up to 25 percent of his or her monthly income. That reduces the risk that a borrower is unable to repay the loan in full.

The law also provided regulations related to borrowers. In#65533;New Mexico, borrowers are required to enroll in the 130 payment plan if it is not possible to repay debts according to the contract. The payment plan ensures that borrowers take measures to get out of a tight financial situation without taking out a cash advance to pay for past debts. It was a provision that was designed to help borrowers when their financial situation becomes challenging.

Taking out a cash advance is an emergency solution for short-term needs, but such borrowing can get out of control. In order to combat the problems that consumers might face, New Mexico passed laws that balance consumer protection with the reality of the business popularity. The lenders can still provide loans and set reasonable fees for a profit while borrowers are not facing insurmountable debt problems. Since the payday loan laws in New Mexico were signed, the state has seen success within the industry. AtPaydayLoansCashAdvance, we provide updates when new laws are proposed.

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Cash America income surges

Tuesday, November 26th, 2013

Cash America income surges
October 25, 2013

Pawn shop operator and payday lender Cash America International Inc. reported Oct. 24 its net income for the third quarter surged to $46.18 million or $1.52 per share from last years $11.70 million or 37 cents per share.
The Fort Worth lender said its results for the quarter ended Sept. 30, 2013, included a tax benefit of $33.2 million or $1.09 per share related to the reorganization of its Mexico-based pawn operations. The company also had an $18 million pre-tax expense or 37 cents per share related to a negotiated settlement of a class-action lawsuit in Georgia.

Excluding the impact of unusual items, the company said, adjusted earnings would have been 80 cents per share. Analysts polled by Thomson Reuters expected profit of 81 cents per share for the quarter.
For the third quarter, consolidated total revenue dropped to $437.8 million from $439.7 million in the same period last year. Analysts expected revenue of $443.67 million for the quarter.

Commenting on the results for the third quarter, Daniel R. Feehan, president and chief executive officer said, The growth in our consumer loan products during the third quarter provided revenue growth to our E-Commerce business to compensate for the challenges in our retail services business, which continued to experience soft growth in pawn loans and lower levels of profit from the disposition of merchandise.
The company also declared a $0.035 per share cash dividend on common stock outstanding, payable on Nov. 20, to shareholders of record on Nov. 6, 2013.

For the fourth quarter, the company expects earnings per share between 95 cents and $1.05. For 2013, the company said it expects earnings per share of $4.68-$4.78, or $3.96-$4.06 per share on a non-GAAP adjusted basis.
Looking ahead for 2014, the company projects earnings per share between $4.20 and $4.40, while analysts expect earnings of $4.91 per share.
As of Sept. 30, 2013, Cash America International Inc. l operated 995 total locations, including 860 lending locations in 22 states under the names Cash America Pawn, SuperPawn, Cash America Payday Advance and Cashland; 47 pawn lending locations in Mexico; and 88 check cashing centers in 13 states under the name Mr. Payroll.
The company offers consumer loans via the Internet in 32 states and in the United Kingdom, Australia and Canada. – Betty Dillard

bdillard@bizpress.net

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Cash Advance Online Processing Now Quicker Than Ever at VitalCashAdvance …

Monday, November 25th, 2013

New York, NY — (SBWIRE) — 10/16/2013 — The modern financial era has made it possible for people to acquire money through lending, with cash advances being among the most common loan types. Essentially due for payment during a borrowers next payday, a cash advance enables people to bridge financial gaps and settle urgent money issues. After all, it is not uncommon for people living on their paycheck to have issues with lack of funds for tuition, utilities, mortgage, car repairs, hospital fees and emergency bills.

It is no secret, however, that while the surging of the cash advance market has become apparent, the industry suffers from a lot of bad press because of companies failing to adhere to standard ethics. Vital Cash Advance, a company serving Americans since 2010, refuses to become a part of this statistic.

VitalCashAdvance.com embraces an honest approach to providing customers the affordable way to get the quick cash they need. The company matches cash advance applications with an extensive network of trusted and reliable lenders, and selects those lenders who would, in all probabilities, approve the loan quickly.

Now donning a redesigned look, VitalCashAdvance.com makes it easier than ever for customers to obtain cash advance online. In just under 5 minutes, applicants can fill out the application form online, and get instant approval. Unlike most other processes, there is no faxing of documents required and cash could be taken out in as fast as 30 minutes.

With personal bad experiences with credit card companies and other lenders, our team chose to enter this market, to provide our customers the top notch service we would hope to receive, VitalCashAdvance.com says.

The website underscores that it takes extreme measures to guarantee discretion with the process, and protect each applicants identity. For applicants having issues with the process, VitalCashAdvance.com has a team of professionals here to help through every step of the way.

To find out more about the redesigned Vital Cash Advance for easier and quicker payday loan application, please visit http://www.vitalcashadvance.com for information.

About VitalCashAdvance.com
Vital Cash Advance helps match American citizens in need of a short-term loan with lenders willing to give them one. With its 100% online application that takes under 5 minutes to complete, the website makes obtaining payday loans more convenient than ever.

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Police news: Police investigate robbery at Cash Advance

Sunday, November 24th, 2013

Posted: Monday, October 14, 2013 6:33 am

Police news: Police investigate robbery at Cash Advance

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topcreditcardprocessors.com Announces Merchant Cash and Capital as the …

Saturday, November 23rd, 2013

topcreditcardprocessors.com Announces Merchant Cash and Capital as the Third Best Merchant Cash Advance Firm for the Month of October 2013
topcreditcardprocessors.com reports Merchant Cash and Capital as the third top merchant cash advance service for the month of October 2013.

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