Earnings

8 takeaways from NCUA's 4Q state-level data

03/18/21

A new report from the regulator shows slower growth in membership and lending, as well as a decline in the number of credit unions reporting profits.

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Territorial Bancorp discloses SEC probe of 2018 earnings

03/15/21

The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share.

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7 takeaways from NCUA’s 4Q data

03/08/21

Lending slowed, credit allowances mounted and return on assets as well as other performance ratios weakened, according to year-end figures from the credit union regulator.

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Citigroup restates earnings after writing down Revlon loan

03/01/21

Citigroup restated fourth-quarter results after writing down a portion of a loan to Revlon it now owns after losing a court battle.

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Bank of America will book $400 million expense for divisive bonus changes

02/26/21

Bank of America will book a $400 million expense in the first quarter to account for a change in bonus policies that sparked anger among high earners.

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More than half of Square’s revenue now comes from bitcoin trading

02/24/21

The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency.

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Banks' economic outlook improving, but lending remains sluggish

02/23/21

Banks lowered their loss provisions at the end of 2020, a sign they feel better about this year than last year, according to data from the FDIC. But loan balances fell for the second straight quarter and the annual loan growth rate was the lowest in seven years.

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Green Dot warns bump from stimulus checks was likely a one-off

02/23/21

Prepaid customers’ COVID relief spending boosted the bank’s bottom line in 2020, but executives don't count on a repeat performance.

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Earnings up 18% at Wisconsin state-chartered credit unions: Report

02/22/21

New data from the state regulator shows gains across several key metrics even as allowances for loan losses surged and the loan-to-savings ratio fell by more than 10 points.

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Assets up 14% at United FCU as earnings slip

02/17/21

Net income and loan volumes at the Michigan-based credit union were both down in 2020 but noninterest income shot up 41% thanks in part to participation in the Paycheck Protection Program.

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