FirstCity Financial Will Host Its Third Quarter 2009 Conference Call on November 10, 2009

Event:   FirstCity Financial Corporation 3rd Quarter 2009 Conference Call   Date: Tuesday, Nov. 10, 2009   Time: 9:00 a.m. Central Time   Host: James T. Sartain, FirstCity’s President and CEO   Web Access: FirstCity’s web page http://www.fcfc.com/index.htm   ...
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FIRSTCITY FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exh

Show all filings for FIRSTCITY FINANCIAL CORP | Request a Trial to NEW EDGAR Online Pro Form 8-K for FIRSTCITY FINANCIAL CORP 30-Sep-2009Entry into a Material Definitive Agreement, Financial Statements and Exh Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information ...
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FirstCity Financial Agrees to Settle Lawsuit

FirstCity Financial Agrees to Settle Lawsuit - Yahoo! Finance.gnwlistitemmarginbottom {margin-bottom: 10.0px} .gnwtablebottommargin {margin-bottom: 10.0px} .gnwcellpaddingleft0 {padding-left: 0.0px} .gnwverticalaligntop {vertical-align: top} .gnwtextaligncenter {text-align: center} .gnwcellparagraphmargin {margin-bottom: 0px; margin-top: 0px} .gnwverticalalignbottom {vertical-align: bottom} .gnwwhitespacenowrap {white-space: nowrap} .gnwtextalignright {text-align: right} .gnwcellpaddingright0 {padding-right: 0.0px} .gnwunderlinestyle {text-decoration: underline} .gnwtextalignleft {text-align: left} .gnw_heading {font: 16px Arial; text-align: center} .gnw_subhead {font: 12px Arial; text-align: center} .gnw_colhead {font: 12px Arial; text-align: center} .gnw_colhead_uline {font: 12px Arial; text-align: center; border-bottom: solid black 1.0pt;} .gnw_colhead_dline {font: 12px Arial; text-align: center; border-bottom: double black 2.5pt;} .gnw_label {font: 12px Arial; vertical-align: bottom; text-align: left } .gnw_label_uline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: solid black 1.0pt;} .gnw_label_uline_i10 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i15 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i20 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i25 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_uline_i30 {font: 12px Arial; vertical-align: bottom; text-align: right; border-bottom: solid black 1.0pt;} .gnw_label_dline {font: 12px Arial; vertical-align: bottom; text-align: left; border-bottom: double black 2.5pt;} .gnw_label_i10 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 10.0px;} .gnw_label_i15 {font: 12px Arial; vertical-align: bottom; text-align: left; padding-left: 15.0px;} .gnw_...
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FirstCity Financial Supplements Proxy Statement in Connection With Annual Stockholders Meeting by Amending 2010 Stock Option and Award Plan

WACO, Texas, Nov. 5, 2009 (GLOBE NEWSWIRE) -- FirstCity Financial Corporation (Nasdaq:FCFC - News) (the "Company") today announced that it has supplemented its proxy statement in connection with its 2009 Annual Meeting of Stockholders (the "Annual Meeting") to amend its 2010 Stock Option and Award Plan (the "Plan") for which the Company is requesting stockholder approval. The Annual Meeting will be held on November 13, 2009, at 9:00 a.m. local time at the Company's principal executive offices located at 6400 Imperial Drive, Waco, Texas 76712. The Plan provides for unvested awards granted under the Plan to accelerate immediately upon the occurrence of a "Change in Control." Prior to its amendment, the Plan provided that, among other events, a Change in Control occurs upon approval by the Company's stockholders of a major corporate transaction, including a reorganization, merger, liquidation of the Company, sale of all or substantially all of the Company's assets or similar corporate transaction (a "Corporate Transaction"). The Company amended the Plan to provide that a Change in Control occurs upon the consummation of a Corporate Transaction, as opposed to upon stockholder approval. Separately, the Company supplemented its proxy statement in connection with the Annual Meeting to clarify the effect of broker non-votes on the vote to approve the Plan outlined in Proposal 2 in the proxy statement. A broker non-vote occurs when a nominee holding shares of common stock for a beneficial owner does not vote on a parti...
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FirstCity Financial Corporation Reports Third Quarter 2009 Results and Activities

WACO, Texas, Nov. 10, 2009 (GLOBE NEWSWIRE) -- FirstCity Financial Corporation (Nasdaq:FCFC - News) Highlights: * FirstCity reported third quarter 2009 earnings of $2.0 million or $0.19 per diluted share. * FirstCity invested $26.9 million in domestic portfolio acquisitions and other investments during the quarter. * FirstCity reported continued earning asset growth of $9.8 million for the third quarter of 2009 -- as total earning assets grew to $393.0 million at September 30, 2009. Third Quarter 2009 and Business Outlook FirstCity generated net earnings of $2.0 million for the third quarter of 2009, which is a $3.8 million increase over the $1.8 million net loss reported for the third quarter of 2008. The diluted net income per common share was $0.19 in the third quarter of 2009, compared to a diluted net loss per common share of $0.17 for the same period last year. The earnings improvement was a result of (1) increased revenues directly associated with higher domestic collections from our consolidated portfolios in the third quarter of 2009 compared to the same period last year; (2) a $0.6 million decline in FirstCity's combined share of impairment in the third quarter of 2009 compared to 2008; and (3) a $0.6 million increase in the combined impact of foreign currency exchange gains from FirstCity's foreign investments in the third quarter of 2009 compared to the same period last year. FirstCity's investments of $26.9 million during the third qua...
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Q3 2009 FirstCity Financial Earnings Release - Before Market Open

Earnings Announcements for Tuesday, November 10CompanySymbolTimeConferenceCallAareal Bank AGARL.FTime Not SuppliedACROSSASIA LIMITED8061.HKTime Not SuppliedADVENTRX PHARMACEUTICALS INCANXTime Not SuppliedAEROPORTO DI VENEZIA MARCO POLO SPA (SAVE)SAVE.MITime Not SuppliedAgFeed Industries, Inc.FEEDTime Not SuppliedAirMedia Group Inc.AMCNAfter Market CloseListenAKM INDUSTRIAL CO LIMITED8298.HKTime Not SuppliedAkorn, Inc.AKRXBefore Market OpenALIBABA.COM LTDALBCF.PKTime Not SuppliedListenAMB Generali Holding AGGE1.FTime Not SuppliedAmeriana BancorpASBIBefore Market OpenAmerican ApparelAPPBefore Market OpenAnthracite Capital, Inc.AHRTime Not SuppliedARKEMAAKE.PA01:30 am ETArtificial LifeALIF.OBBefore Market OpenArvinMeritor, Inc.ARMBefore Market OpenListenASIA TIGER GROUPA7...
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New Star Analyst Rankings for FirstCity Financial Corporation

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Copyright © 1999-2003, StarMine Corp. All rights reserved.StarMine Corp. derives analyst ratings from estimate and recommendation data supplied by Thomson Financial.Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data, daily updates, fund summary, fund performance, dividend data and...
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FIRSTCITY FINANCIAL CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Financial Statements and Exh

Item 1.01 Entry into a Material Definitive Agreement. On November 2, 2009, American Business Lending, Inc. ("American"), an affiliate of FirstCity Financial Corporation ("FirstCity"), as borrower, and Wells Fargo Foothill, LLC ("Lender"), as lender, entered into a Fourth Amendment to Loan Agreement dated November 2, 2008, to be effective as of October 30, 2009 (the "Amendment"), which amended certain covenants under the loan facility of the Loan Agreement between American and Lender dated as of December 15, 2006, as previously amended. The Amendment, which is not effective until certain conditions are met, including approval by the U.S. Small Business Administration (the "SBA"), provides for the following changes to the existing loan facility that is used to finance the acquisition and origination of loans made by American a portion of which are guaranteed by the SBA: (i) changes the interest rate for base rate loans to the greater of base rate plus a margin of 4.25% or a rate of 7.5%; (ii) changes the interest rate for Libor rate loans to the greater of Libor rate plus a margin of 4.25% or a rate of 7.5%; (iii) extends the termination date under the loan facility from January 31, 2010 to January 31, 2012; (iv) revises the prepayment fee to be a fee equal to 3% of the maximum credit line if the prepayment is made between the Amendment closing date and January 31, 2011, and a fee of 2% of the maximum credit line if the prepayment is made between February 1, 2011 and January 30, 2012; (v) changes the minimum tangible net worth requirement for each fiscal quarter to be not less than $5,500,000 plus 100% of the sum of the positive amounts, if any, of American's net income for each of the fiscal quarters ending on or after March 31, 2009 through the date of measurement, minus 100% of the sum of the negative amounts, if any, of American's net income for each of the fiscal quarters ending on or after March 31, 2009 through the date of measur...
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FirstCity Financial Earnings Call scheduled for 10:00 am ET today

Call DetailsFirstCity Financial Earnings Conference Call (Q3 2009)Tue, Nov 10, 2009, 10:00 am EasternAbout FirstCity Financial (NasdaqGS:FCFC)FirstCity Financial Corporation operates as a financial services company. The company operates in two segments, Portfolio Asset Acquisition and Resolution, and Special Situations Platform. The Portfolio Asset Acquisition and Resolution segment acquires portfolios of performing and non-performing commercial and consumer loans, real estate assets, and certain other assets at a discount to their legal principal balances or appraised values, as well as services and resolves such portfolio assets in an effort to maximize the present value of the ultimate cash recoveries. The Special Situations Platform segment provides investment capital to privately-held middle-market companies through flexible capital structuring arrangements. Its capital investments primarily take the form of senior and junior financing arrangements, as well as include direct equity investments, common equity warrants, distressed debt transactions, and leveraged buyouts. The company has operations in the United States, Mexico, France, Germany, Brazil, Argentina, and Chile. FirstCity Financial Corporation was founded in 1950 and is headquartered in Waco, Texas with additional offices in the United States and Mexico.More Info:Quote |Chart |News |Profile |Reports |Research |SEC |...
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FIRSTCITY FINANCIAL CORP Files SEC form 10-Q, Quarterly Report

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations. Overview FirstCity Financial is a financial services company that engages in two major business segments - Portfolio Asset Acquisition and Resolution and Special Situations Platform. In the Portfolio Asset Acquisition and Resolution business, the Company acquires portfolios of performing and non-performing loans and other assets (collectively, "Portfolio Assets" or "Portfolios"), generally at a discount to their legal principal balances or appraised values, and services and resolves such Portfolio Assets in an effort to maximize the present value of the ultimate cash recoveries. Through its Special Situations Platform business, the Company provides investment capital to privately-held middle-market companies through flexible capital structuring arrangements to generate an attractive risk-adjusted return. These capital investments primarily take the form of senior and subordinate financing arrangements, but also include direct equity investments, common equity warrants, distressed debt transactions, and leveraged buyouts. The Company recorded net earnings of $2.0 million for the third quarter of 2009, an increase of $3.8 million from the $1.8 million net loss reported for the third quarter of 2008. Diluted net earnings to common stockholders were $0.19 per share in the third quarter of 2009, compared to diluted net losses of $0.17 per common share for the same period in 2008. Revenue streams generated by the Company's earnings assets and servicing platform positively impacted earnings in the third quarter of 2009 - as revenues in the third quarter of 2009 increased to $18.7 million compared to $12.7 million in the third quarter of 2008. The Company's revenues in the third quarter of 2009 include $12.1 million of income and gains from Portfolio Assets; $1.5 million of interest income from loans receivable; $2.2 million of fee income attributable to our l...
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