Earnings

Banks can’t ride fee income gravy train much longer

12/17/20

Noninterest income has bolstered profits this year. But its growth is expected to slow over the next two years, making for a gloomy earnings outlook unless vaccine distributions and the economic recovery are relatively swift.

[more]

Pandemic’s projected hit to bank revenues: $3.7 trillion

12/15/20

A new report from McKinsey says that cost-cutting alone won’t make up for the steep revenue declines brought on by low interest rates and sluggish loan demand. “For some banks,” argues the report’s author, “mergers might be the best way out.”

[more]

7 takeaways from NCUA's 3Q data

12/08/20

Credit quality has remained strong at credit unions, but there are hints that some of them — especially the smallest ones — could report lackluster earnings well into next year, according to the National Credit Union Administration's latest intel on industrywide finances.

[more]

Banks' net interest margins plunged to record lows in 3Q

12/01/20

The Federal Deposit Insurance Corp.’s latest report on the industry’s health had positive news about the earnings recovery last quarter, but it also showed that low interest rates amid continuing economic uncertainty are putting downward pressure on asset yields.

[more]

OceanFirst taps insider as bank president

11/20/20

Joseph Lebel's promotion follows a third-quarter loss as the New Jersey company company looks to get ahead of credit issues by selling high-risk loans.

[more]

Green Dot readies GO2bank to take on new generation of challengers

11/05/20

As challenger banks threaten Green Dot Corp.'s status among the underbanked, the prepaid card issuer is diving into their market by unveiling a challenger bank of its own.

[more]

OceanFirst takes aggressive stance by selling problematic loans

10/30/20

The New Jersey company reported a quarterly loss after becoming one of the first lenders to liquidate loans harmed by the coronavirus pandemic.

[more]

Why multifamily loans remain resilient in New York

10/29/20

Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.

[more]

Santander Consumer warns charge-offs will keep rising into spring

10/28/20

The subprime lender cited low odds that Washington will deliver further economic relief, and the fact that $1.5 billion of loans whose deferral period expired are now more than 30 days behind.

[more]

What's behind the leadership shake-up at TCF

10/27/20

Craig Dahl said working seven-day weeks to shepherd the integration with Chemical and then the combined company’s coronavirus response led to his abrupt retirement.

[more]