Texas Capital Bancshares sharply reduced the size of its loan-loss provision as credit quality improved in its energy loan book. That helped the Dallas bank post a 77% rise in first-quarter profit. ... Read full article
The Mississippi company's first-quarter earnings rose 60% from a year earlier. Its results from last year were weighed down by a settlement with regulators. ... Read full article
New boss Andy Cecere's first year on the job will likely be defined by how he tackles the challenges in front of him, including keeping the company’s highly watched efficiency ratio in check and managing pitfalls in auto-lease financing. ... Read full article
Double-digit growth in earning assets more than offset higher expenses and a decline in the net interest margin. ... Read full article
The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector. ... Read full article
Loan growth and increased fee income helped offset slightly higher expenses in the first quarter. ... Read full article
The hand-wringing over business lending has overshadowed the fact that consumer lending — particularly for regional banks — has become a strong and steady engine of growth. ... Read full article
Bank of America's year-over-year loan growth was slow, but parts of its commercial and U.S. consumer businesses were strong, prompting optimism from the CEO in the face of lackluster numbers across banking so far this earnings season. ... Read full article
Earnings at the Dallas-based company more than tripled because of a big improvement in credit quality, higher fee income and other factors. ... Read full article
The Columbus, Ga,, company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One. ... Read full article
The Trump administration's proposed budget would cut discretionary funding for the Department of Agriculture, which could affect a key agency lending program. Bankers are urging legislators to maintain, or even increase, funding. ... Read full article
Earnings season kicked off with some banks capitalizing better than others on higher rates and still-low deposit costs. Banks will have to keep working on that balance as they contend with rising credit card losses, slower commercial lending and other ... Read full article
A 9% increase in net interest income more than offset rising expenses at the Kansas City, Mo., company. ... Read full article
Net income climbed 13% as as the Fed's hike improved loan yields and the stock market’s surge boosted returns from PNC’s stake in BlackRock, the world’s largest asset manager. ... Read full article
Record loan originations and the continued accumulation of wealth management assets added up to 12% earnings growth at the San Francisco bank. ... Read full article
The Memphis, Tenn., also reported an improvement in credit quality during the first quarter. ... Read full article
Carter, who built what became Carter Bank and Trust from the ground up, was praised for his “uncanny” credit acumen, devotion to community and family, and willingness to take unconventional risks. ... Read full article
Linda McMahon told lawmakers the 7(a) program shouldn't run out of funds in fiscal 2017. Still, she wants permission to boost the program's funding authority by 15% if an unexpected spike in demand takes place. ... Read full article
The Office of the Comptroller of the Currency issued the directive following an interim examination. ... Read full article
Without congressional help, the 7(a) program could be forced to shut down for the second time in three years. ... Read full article
