News Topic: Commercial lending

Richard Moore, CEO of First Bancorp in North Carolina, believes he can unlock more shareholder value through acquisitions and by taking advantage of disruption elsewhere. ... Read full article

Loan demand disappointed as optimism for economic growth under President Trump gave way to uncertainty over the prospects for regulatory relief and tax reform. Credit quality held up, but the retail and health care sectors have become potential trouble ... Read full article

The Louisiana company also said that credit company in its energy portfolio improved during the first quarter. ... Read full article

The tech-focused banking company reported loan growth of 15% in a strong first quarter thanks partly to stronger lending to private-equity and venture capital clients. ... Read full article

City National Capital Finance is a nationwide platform with a focus on large and midsize clients. The unit has offices in Florida, Texas, Maryland, North Carolina, Virginia and New York. ... Read full article

The New York company also reported a wider net interest margin and lower noninterest expenses. ... Read full article

Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said. ... Read full article

The Georgia company invested in HCSB Financial's recapitalization a year before agreeing to buy the coastal South Carolina bank. Doing so allowed United to stay to close to HCSB and its board, which helped when the time came to discuss a deal. ... Read full article

The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall. ... Read full article

Zions beat expectations on several bits of good news, but it reported about $30 million of chargeoffs tied to a single commercial borrower. ... Read full article

Even with net interest margins improving, banks are reluctant to raise rates on deposits until more floating-rate loans reprice. But how long can they wait before depositors start demanding higher yields? ... Read full article

Quarterly earnings at the Wayzata, Minn., company fell as gains from the sale of auto loans continued to slide. ... Read full article

The California company's credit issues eased some in the first quarter, though earnings were down from a year earlier due to charges tied to cost cutting and reductions in three loan categories. ... Read full article

Strong gains in low-cost health savings account balances helped fuel loan growth at the Waterbury, Conn., company. ... Read full article

Working primarily with community banks, Promontory Local Credit will provide second-lien loans to small firms, potentially increasing their available credit by 50%. ... Read full article

Executives at BB&T, KeyCorp and Citizens are milking commercial lending niches and balancing cost control with new investments while waiting for more rate hikes to fatten margins. ... Read full article

Earnings per share fell a nickel short of estimates due in part to lower-than-expected revenue from the origination and sale of mortgages. ... Read full article

The North Carolina company reported lower net income from a year earlier after extinguishing nearly $3 billion in FHLB advances. BB&T also reported more regulatory charges as it deals with a consent order. ... Read full article