News Topic: Commercial lending

The Bridgeport, Conn., company said that first-quarter net income climbed 52% over the same period last year to $107.9 million. ... Read full article

The New York bank said it wrote down each taxi medallion loan to a value of $160,000. At their peak, New York City medallions were worth well over $1 million. ... Read full article

However, mortgage growth and servicing income weren't the only reasons profits rose by double digits at the Dallas bank. ... Read full article

Quarterly earnings at the Minneapolis company were boosted instead by a wider net interest margin and a lower tax rate. ... Read full article

The company, which completed a major acquisition last year, said tax reform will help it generate a higher return on average assets. ... Read full article

Profits soared at the Dallas bank as recent interest rate hikes and ongoing expense cuts outweighed weakness in the company’s loan book and in its fee income. ... Read full article

The Rosemont, Ill., bank rode loan growth, interest rate trends and noninterest-income gains to a double-digit increase in profits in the first quarter. ... Read full article

Joe Petitti and Jack Knight formerly held leadership posts at First Republic. ... Read full article

Fed vice chair wants to put stress test scenarios out for comment by banks; C&Is outstanding at record level in March. ... Read full article

Lending, especially in some consumer segments, increased at Bank of America in the first quarter, and CEO Brian Moynihan expects that to continue this year. However, for market watchers skeptical about the industry's growth prospects, BofA's ... Read full article

Bankers hoped the tax overhaul would stimulate a boom in business borrowing, but several said this week that hasn’t happened yet. PNC’s Bill Demchak warned that the tax cuts could be encouraging lenders to underprice loans. ... Read full article

The bank, which already offers mortgages through seven offices across North Carolina, is the fourth group to announce plans for a de novo in the state. ... Read full article

Record loan originations and strong growth in wealth assets under management more than offset a double-digit increase in expenses at the San Francisco company. ... Read full article

First Horizon CEO Bryan Jordan said the bank is still on track to meet cost-cutting targets from its 2017 deal for Capital Bank in North Carolina ... Read full article

Opting out of doing business with the firearms industry is "troubling" behavior from banking institutions, said Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, during a hearing on Thursday. ... Read full article

Loan growth and higher yields helped offset a 20% increase in expenses at the Arkansas bank in the first quarter. Meanwhile, it warned of one-time rebranding costs to come in the third quarter. ... Read full article

The 106-year-old bank is looking to raise $90 million, with plans to use half of the funds to redeem outstanding preferred stock. ... Read full article

The Seattle bank's improved loan yields offset higher expenses tied to Bank Secrecy Act remediation. Washington Federal had to delay a pending acquisition after issues emerged with its anti-money-laundering compliance. ... Read full article