Construction, mortgage lending boost Umpqua's 3Q profits
The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio. ... Read full article
The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio. ... Read full article
Total loans fell, but earnings soared thanks to wider margins, a smaller loan provision and fewer legal costs now that the Wilmington Trust probe is settled. ... Read full article
Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid. ... Read full article
The Minneapolis company, which reported strong profits but 1% loan growth, is hiring middle-market bankers in New York and launching a digital lending platform aimed at small businesses. ... Read full article
The Dallas bank has picked a bad time to shift from cost-cutting to expansion as big banks are in a commercial ending funk. ... Read full article
The Dallas company reported a 41% increase in 3Q earnings despite lackluster performances in lending, deposits and fee income. ... Read full article
On Jun. 30, 2018. Dollars in thousands. ... Read full article
Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most quarterly interest income in years. ... Read full article
Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns. ... Read full article
The largest U.S. bank's strong third quarter did not insulate its leaders from being pressed about the downside of pricey investments in technology, whether capital rules make commercial lending growth hard for big banks to achieve, and whether ... Read full article
Double-digit gains in interest and noninterest income more than offset higher deposit, compensation costs. ... Read full article
The third interest rate increase of the year could have a significant impact on banks' lending, deposit gathering and even M&A decisions. Here's what to expect. ... Read full article
Big banks are expected to report that commercial lending weakened in the third quarter thanks to tax cuts, nonbank competition and seasonal factors. It raises questions about whether the second-quarter rally was an anomaly and if an overall economic ... Read full article
Wells Fargo is doubling down on the gun industry, undaunted by criticism of its deep ties to firearm companies and the National Rifle Association. ... Read full article
The House of Representatives passed two bills that would tie appraisal waivers for Small Business Administration loans to bank rules for commercial real estate loans, despite objections from the Appraisal Institute about its members being cut out of ... Read full article
Following an increase in the CRE appraisal threshold for community bankers earlier this year, the National Credit Union Administration has proposed an even bigger shift for CUs. ... Read full article
The New York company said Wednesday that the new group will provide loans and other services to early-stage, consumer-focused companies. ... Read full article
“Who’s to know when the economy may turn?” the head of the Alabama bank said in describing its weak business-loan growth as the byproduct of cautious pricing and underwriting. ... Read full article
The agency said it would not apply the data collection requirement for existing accounts that automatically renew or roll over, such as certificates of deposit or commercial credit cards. ... Read full article
Club owners used to be able to get bank loans, but that changed as the de-risking wave reshaped banks' relationships with pot firms, exotic dancers and many others. Whether the taboo can or should last becomes a big question as adult entertainment ... Read full article