Earnings

KeyCorp defends its credit cushion as ample

07/22/20

Other regionals set more aside for loan losses than the Cleveland bank did in the second quarter, and its ratio of reserves to total loans is slightly lower, too. But Key executives say the portfolio is balanced and holding up well despite the pandemic’s economic toll.

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Texas Capital reports another quarterly loss on higher provision, job cuts

07/22/20

The Dallas company, which in May terminated a deal to merge with Independent Bank, set aside $100 million for worrisome loans and incurred severance costs after cutting an undisclosed number of positions.

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Comerica remains bullish on energy even as pandemic roils sector

07/21/20

The Dallas bank set aside less in the second quarter for credit losses than analysts expected. Executives cited action in Texas and California to reverse reopenings and said they're still committed to the oil and gas business.

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Coronavirus resurgence weighs on Synovus

07/21/20

The Georgia company warned that outstanding loans could fall and deferrals will likely rise as its home state and Florida grapple with the pandemic.

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Zions braces for loan charge-offs in industries hard hit by pandemic

07/21/20

Loans to retailers and hotels are at the highest risk of default, the Salt Lake City company said in its second-quarter earnings presentation.

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Custody banks hurt by absence of commercial lending

07/17/20

While rival banks reported increases in loans and deposits, thanks largely to their participation in the Paycheck Protection Program, State Street and Bank of New York Mellon saw their balance sheets shrink in the second quarter.

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Hancock Whitney to report big 2Q loss after agreeing to sell energy loans

07/17/20

The Mississippi company said it decided to take aggressive measures to reduce its exposure to energy firms.

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Abundance of deposits tests bankers

07/17/20

Government stimulus efforts, including the Paycheck Protection Program, have fueled a deposit surge. The challenge for banks is figuring out how to put that new money to use.

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Rebound in used-car purchases helps Ally post modest 2Q profit

07/17/20

Some 60% of Ally’s auto originations in the second quarter were used-vehicle loans, the highest percentage in the company's history.

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Torrent of commercial loan paydowns pressures net interest income

07/16/20

Bank of America was the latest large bank to report a second-quarter drop in the key earnings metric after a March surge in credit line utilizations gave way to rapid payoffs in May and June.

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