News Topic: Earnings

The Oklahoma bank’s net charge-offs were its second-highest in the last five quarters, but the company said it was confident in its credit quality outlook and growth prospects from a pending acquisition. ... Read full article

Shemara Wikramanayake’s appointment is termed a “landmark”; the company’s stock falls 3% despite a 28% earnings increase. ... Read full article

As the company boosts originations to subprime and other borrowers, it remains to be seen if the improvements in asset quality will continue. A similar question mark is hanging over many consumer lenders these days. ... Read full article

The Ohio company said low unemployment is keeping business clients from expanding, while higher asking prices are forcing it to avoid bank acquisitions. ... Read full article

The company is once again positioning itself for growth now that it is no longer considered a systemically important financial institution. ... Read full article

Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose. ... Read full article

That improvement and loan growth made up for a lower margin in a more profitable second quarter, but the loan growth relied heavily on the subprime lender's partnership with Fiat Chrysler that could be ending. ... Read full article

The digital currency’s price has rebounded to over $8,000 as a new ETF is in the works; three deals may indicate a resurgence of small bank M&A. ... Read full article

BankUnited in Miami Lakes, Fla., said that second-quarter earnings rose 36% as average loan and investment securities balances increased. ... Read full article

The 2017 acquisition of Yadkin Financial was cited as a driver of growth for several fee-based businesses. ... Read full article

An increase deposit costs, higher reserves and ongoing restructuring issues weighed on the second-quarter results at the New York company. ... Read full article

The bank entangled in probe of Michael Cohen; Mayopoulos to leave at yearend, CFO Benson to become president. ... Read full article

The Salt Lake City company reported a 21% increase in second-quarter profits, even as its decision to scale back commercial real estate lending muted overall loan growth. ... Read full article

Loan growth, fueled by increased tourism spending, more than offset a sharp drop in fee income at the Honolulu company. ... Read full article

Purchase of data firm and cancellation of a stock buyback rile shareholders; smaller banks are concerned tariffs could hurt business lending. ... Read full article

Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article

That helped push total lending growth to 4% and contributed to strong second-quarter earnings at the Providence, R.I., company. ... Read full article

The online lender hires Ronnie Momen from GreenSky as its chief lending officer; aggregators back Capital One in dispute with Plaid; bank CEO who gave mortgage to Paul Manafort uses fire-and-hire maneuver to reap windfall at taxpayer expense; and more from ... Read full article