Regions’ Q3 profit declines on dip in fee income
Growth in net interest income was offset by a decrease in revenue from mortgage banking and capital markets, the Birmingham, Ala., company said Tuesday. ... Read full article
Growth in net interest income was offset by a decrease in revenue from mortgage banking and capital markets, the Birmingham, Ala., company said Tuesday. ... Read full article
On Jun. 30, 2017. Dollars in thousands. ... Read full article
The Providence, R.I., company surpassed its goal for return on tangible common equity that it had set for itself after its initial public offering. ... Read full article
The Green Bay, Wis., company's CEO predicted “mid-single-digit” annual loan growth after a third quarter that included a 10% increase in deposits and 4% rise in average loans. ... Read full article
The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges. ... Read full article
With online retailers beginning to challenge the dominance of brick-and-mortar grocery stores, CRE loans to strip mails anchored by them look riskier. ... Read full article
Dramatic changes in the way banking services are delivered combined with slow economic growth has resulted in too many banks chasing too little business, said BB&T's CEO. ... Read full article
Ditching paper and digitizing tasks help community banks operate more efficiently and write more profitable commercial loans. ... Read full article
The $36.3 billion-asset bank reported double-digit growth in C&I loans, commercial real estate loans and specialty loans to the private-equity, entertainment and energy industries in the third quarter. ... Read full article
The New York bank's total loans rose 8% to $31 billion from a mix of commercial real estate and specialty finance credits. ... Read full article
Total loans fell 1.6% at the North Carolina-based regional bank, which has been scaling back in key segments such as residential mortgages and auto. Wider margins offset that reduction, but earnings were flat and revenue growth small. ... Read full article
The Dallas company reported a 40% increase in net income from the same period in 2016. ... Read full article
The Dallas company reported strong profits in the third quarter as higher yields on loans and improved cost control more than offset slight declines in loan balances and earning assets. ... Read full article
PacWest reversed a valuation allowance on tax credits, which helped boost third-quarter earnings. PacWest also expects its deal for CU Bancorp to close this week. ... Read full article
The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas. ... Read full article
The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees. ... Read full article
Third-quarter results from PNC, Bank of America, First Horizon and others suggest that demand for commercial loans may not be as weak as bankers and investors had feared. Or maybe some banks are just getting really good at poaching rivals’ customers. ... Read full article
The Pittsburgh company benefited from loan growth and higher interest rates, though fee income fell and expense rose in the third quarter. ... Read full article
Regions Financial's chief credit officer is leading a transformation in the way the company manages risk in its loan portfolio. ... Read full article
The company had strong gains in construction lending and trust fee income, but its business lending operation had flat results. ... Read full article