Pinnacle to become small fish in the Carolinas with latest acquisition
To succeed, the Tennessee company must build on momentum created by BNC, the bank it just agreed to buy. ... Read full article
To succeed, the Tennessee company must build on momentum created by BNC, the bank it just agreed to buy. ... Read full article
Expanded lending across a broad range of categories and extremely low unemployment in Hawaii pushed up the Honolulu bank's quarterly profit. ... Read full article
Donald Trump was sworn in Friday, but banking industry executives have spent the last two months envisioning a vastly different political, economic and regulatory climate. The dominant question in coming months will be how realistic those expectations are. ... Read full article
Quarterly profit fell at SunTrust Banks in Atlanta as noninterest expense rose 8.4% and its loan-loss provision increased. ... Read full article
On earnings calls this week CEOs expressed optimism for increased loan demand, a softer tone from regulators, a higher SIFI threshold and, potentially, a surge of interest in health savings accounts. ... Read full article
The Connecticut bank said a spike in business lending and residential mortgages gave its fourth-quarter earnings a boost. ... Read full article
Commercial real estate loan growth and the Hudson City acquisition fueled fourth-quarter profit growth at M&T Bank in Buffalo, N.Y. ... Read full article
Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending. ... Read full article
Strong growth in commercial and CRE lending also led record to interest income in the quarter. ... Read full article
An improving picture in the energy sector helped Hancock Holding in Gulfport, Miss., report a huge jump in fourth-quarter profit. ... Read full article
Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted. ... Read full article
JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges. ... Read full article
PNC’s fourth-quarter profit improved on higher lending to corporate customers for real estate and other loans. ... Read full article
Bank of America, the second-largest U.S. lender by assets, said fourth-quarter profit rose 43% as revenue from fixed-income trading increased and expenses dropped. ... Read full article
Banks have started reconsidering how much they are willing to pay for low-income housing tax credits. ... Read full article
Any economic environment, including this one, has risks but it is unclear whether banks are sufficiently worried about what lies ahead. ... Read full article