Executives at the Tennessee banks are using the biggest bank merger in a decade to aggressively recruit lenders and clients in Southeastern markets.
The Los Angeles bank reported a 5% decline in net income despite strong loan growth as deposit costs rose and fee income fell.
The bank’s CFO says it has enough liquidity to meet loan demand in the short term, but how long can it keep its loan-to-deposit ratio below 100%?
The San Francisco bank has roughly doubled its assets in the last five years with the benefit of an acquisition.
The Pittsburgh company more than doubled its provision for loan losses during the first quarter to keep pace with growth in its loan portfolio.
The House Financial Services Committee recently approved protections for banks financing cannabis companies in states where it’s legal. This a good first step, but improvements are needed.
The company warned that the move will likely reduce its first-quarter profit by $8 million.
The Tennessee company has set up a $3.5 million reserve associated with the unnamed borrower.
On Dec. 31, 2018. Dollars in thousands, except for average loan amount.
Simple math only partly explains why smaller lenders are adding commercial and industrial loans at a faster clip than their larger counterparts.
