News Topic: Credit quality

Porter Bancorp in Kentucky spent years tackling credit and capital issues. As Limestone Bank, it will finally get back on offense. ... Read full article

CIT took a $22 million hit on a business loan, and overall loan growth was tepid. ... Read full article

The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey. ... Read full article

First Personal Bank in Illinois tried — and failed — to sell itself three times. The bank finally found an eager buyer after tackling several lingering problems. ... Read full article

The Los Angeles bank also benefited from a reduced reliance on costlier certificates of deposit. ... Read full article

Bank’s earnings report notes possible $1 billion in fines; loan-loss accounting rule will be rolled out over three years. ... Read full article

A $135 million increase in litigation expenses related to its 2011 acquisition of Wilmington Trust overshadowed a wider net interest margin and improved credit quality for the Buffalo, N.Y., company in the first quarter. ... Read full article

The bank revealed Friday that it is facing hefty regulatory penalties and will likely have to restate first-quarter earnings. Declines in loan balances and fee income and questions about upcoming stress tests are only adding to investors' worries. ... Read full article

Investors are growing worried about lackluster loan growth this year at community banks. ... Read full article

Renasant is requiring Brand Group to sell $55 million in classified loans before closing the deal, while attaching an incentive for the seller to get as much as possible for those sales. ... Read full article

Some investors fear BBVA is taking a big risk by getting into unsecured personal lending long after online lenders have established themselves, but bank officials argue the bank’s cost of funds and in-depth knowledge of its customers will help it to outdo ... Read full article

Bank of America is offloading some margin loans after losing $292 million on soured credit to the former chairman of Steinhoff International Holdings, according to people with knowledge of the matter. ... Read full article

The company received bad news about the commercial loan after it reported a narrow profit in mid-February. ... Read full article

The tax reform law passed late last year, which significantly cut the corporate tax rate, has been widely popular among banks, but a one-time hit to the value of their deferred tax assets was felt far and wide. ... Read full article

Stuart Gulliver’s final set of results at HSBC Holdings Plc weren’t quite the swansong he’d hoped for as he hands the reins over to his long-term lieutenant, John Flint. ... Read full article

After reporting its fourth-quarter earnings, the subprime auto lender said it expects the new tax law to enable more car owners to stay current on their loans. ... Read full article

The proposed legislation would give the agency authority to increase funding for the 7(a) program — with several caveats designed to manage exposure. ... Read full article

David Nelms said that many digital lenders do not understand how to underwrite personal loans properly, and he took a dig at their lack of profitability. The upstarts say their industry's ability to attract capital speaks for itself. ... Read full article