News Topic: Earnings

Banks ask Congress for help with a rule that forces them to estimate loan losses; The network will allow banks to "exchange and verify trade information." ... Read full article

Earnings were bolstered by lower taxes and higher asset-servicing fees, but revenue was flat and analysts raised concerns about a shrinking deposit base. ... Read full article

The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter. ... Read full article

Commercial and industrial lending rose 8% in the third quarter at the Cleveland bank, but other factors drove its double-digit gain in profits as overall loan growth was modest. ... Read full article

The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin. ... Read full article

The New York bank, which reported a 25% increase in third-quarter earnings Thursday, recently began serving digital-asset companies and private equity firms. ... Read full article

The Connecticut company also reported modest loan growth and a greatly improved net interest margin. ... Read full article

The Portland, Ore, company also benefited from lower expenses and an improved efficiency ratio. ... Read full article

Total loans fell, but earnings soared thanks to wider margins, a smaller loan provision and fewer legal costs now that the Wilmington Trust probe is settled. ... Read full article

Bigger banks appear to be losing C&I share to small and midsize lenders. That's raising questions about whether community banks — known more for commercial real estate lending — have enough expertise to underwrite deals that larger banks avoid. ... Read full article

Main Street and Wall Street banks show strong earnings gains over last year; the president calls the Fed’s rate raising policies “my biggest threat.” ... Read full article

The custody bank’s linked-quarter net income dipped due to a decline in earning assets and lower transaction volumes. ... Read full article

The Minneapolis company, which reported strong profits but 1% loan growth, is hiring middle-market bankers in New York and launching a digital lending platform aimed at small businesses. ... Read full article

Earnings at the holding company for First Tennessee Bank beat expectations even after excluding those one-time factors. ... Read full article

A definition would give lenders a clearer idea of what practices are off limits; the mutual fund giant will provide the service for institutional clients. ... Read full article

The Dallas company reported a 41% increase in 3Q earnings despite lackluster performances in lending, deposits and fee income. ... Read full article

Bank of America is showing more interest in commercial real estate lending while other lenders are pulling back, executives said. But they also said that they learned their lesson from the financial crisis and will proceed cautiously. ... Read full article

Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most quarterly interest income in years. ... Read full article