Earnings

Pressure is on Daryl Byrd to prove Iberiabank's value

12/28/17

The energy crisis, hurricane damage and merger costs have hampered earnings per share at the Louisiana bank, and its CEO has to clear those hurdles and convince investors steady growth is ahead.

[more]

Change in tax rate will cost Capital One $1.9 billion in 4Q

12/26/17

The McLean, Va., company and several other banks have disclosed the charges they expect to record in the fourth quarter due to lower values on their deferred tax assets.

[more]

B of A says Tax Act to force $3B earnings cut in 4Q

12/22/17

The reduction is “primarily” from a lower value of net deferred tax assets, the bank said in a securities filing Friday, the same day President Trump signed the legislation.

[more]

MidwestOne in Iowa to record large 4Q loan-loss provision

12/19/17

The company will set aside more than $10 million, with most of the provision addressing an issue with a commercial loan.

[more]

Randolph Bancorp in Mass. to cut mortgage jobs

12/15/17

The company said it will lay off more than a dozen employees in a move that reflects the current volume of mortgage loan originations.

[more]

Another warning on bitcoin; Quantum leap

12/15/17

Bank of Canada governor says digital currencies could cause “significant disturbance”; JPM testing quantum computing's abilities.

[more]

SouthCrest in Ga. to report 4Q loss after closing branch, operations center

12/14/17

The company also said it is likely that tax reform legislation being considered by Congress would substantially reduce the valuation of its deferred-tax asset.

[more]

Community bankers’ grim reality: This is the new normal

12/13/17

Executives at small banks are wary about 2018 as concerns about lackluster loan demand, low yields and rising deposit prices abound.

[more]

CIBC sees 17% of earnings coming from U.S. businesses by 2020

12/13/17

Canadian Imperial Bank of Commerce said it expects earnings contributions from its U.S. businesses to almost double to 17 percent in the next three years as the lender integrates its acquisition of Chicago-based PrivateBancorp.

[more]

Tax hits, deposit wars, paydown blues: A 4Q preview

12/07/17

It’s only early December, but bank CEOs’ comments this week about tax reform, their thirst for deposits, consumer lending initiatives, and challenges in commercial lending offer a sneak peek at what’s coming when earnings season begins next month.

[more]