News Topic: Earnings

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The San Francisco bank is under pressure from investors to get out from under a Fed-imposed asset cap and to hire a new permanent CEO. But executives said Friday that thoroughness is more important than speed. ... Read full article

The San Francisco bank has roughly doubled its assets in the last five years with the benefit of an acquisition. ... Read full article

The Pittsburgh company more than doubled its provision for loan losses during the first quarter to keep pace with growth in its loan portfolio. ... Read full article

Wells Fargo & Co. investors who stuck with the bank through a bumpy few months are being rewarded with the best first quarter in five years. ... Read full article

Bank's profits grow 5% on earnings growth; Citi's number 2 exec retirement shows the difficulty retaining a host of top executives. ... Read full article

The Fed may have stopped raising borrowing costs for now, but the biggest U.S. bank is still reaping benefits from higher interest rates. ... Read full article

Small banks rise up against “onerous contracts and sometimes mediocre digital offerings”; Quarles warns banks to speed up preparations for Libor sunset. ... Read full article

With an implementation deadline less than a year away, bankers will be pressed to detail how a new accounting rule for loan losses will affect reserves, earnings and capital. ... Read full article

The company warned that the move will likely reduce its first-quarter profit by $8 million. ... Read full article

The Los Angeles bank will take a $1.4 million hit to earnings after the multifamily properties sold for less than their book value. ... Read full article

The flagship division is on course to miss next year’s financial projections; Investors may be using SOFR swaps as a hedge against expected volatility. ... Read full article

Power Financial Credit Union's deal for TransCapital Bank marks the fourth time this year a bank has agreed to be sold to a credit union in that state. ... Read full article

The Swiss bank’s CEO calls the trading environment “one of the worst in recent history”; 10,000 of German bank's U.S. employees fret over their future. ... Read full article

The California banking company has two loans tied to DC Solar that are on nonaccrual status. ... Read full article

Mark Calabria, who could be confirmed as early as this month, is expected to focus on changes to Fannie Mae and Freddie Mac’s conservatorships to let the mortgage giants keep more of their profits. ... Read full article

The California company could charge off $15 million because of allegedly fraudulent acts by an employee at one of its correspondent customers. ... Read full article

The answer depends who you ask, but an analysis of deposit and loan trends offers some insight. ... Read full article