News Topic: Earnings

Highlights at the North Carolina bank included deposit service charges, CRE lending and wider margins, which all offset one-time costs related to tax reform. ... Read full article

Bank says most of the benefits from tax reform will be used for dividends and buybacks; Michael Loughlin will stay on until his replacement is named later this year. ... Read full article

Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth. ... Read full article

A large writedown on its portfolio of taxi medallion loans marred an otherwise strong fourth quarter for Signature Bank in New York. ... Read full article

The Mississippi company reported strong loan growth, even as it reduced exposure to energy-related borrowers. Higher revenue also helped Hancock lower its efficiency ratio. ... Read full article

Executives at U.S. Bancorp and Bank of America plan to use their tax savings to ramp up spending on new technology to stay competitive — but they sought to reassure investors that they would not abandon cost control. ... Read full article

Costs fell less than 1% to $54.7 billion in 2017, and its goal for 2018 is $53 billion. Analysts question whether revenue growth and tax relief will reduce the incentive to get leaner. ... Read full article

Total loans rose 3% at the Minneapolis bank, but its net interest margin climbed 10 basis points. It also booked a one-time accounting gain of $910 million related to tax reform. ... Read full article

Write-down clears the decks for better times ahead; the agency’s acting head is looking to revamp strict rule that went into effect on Tuesday. ... Read full article

The company, which bought BNC Bancorp to enter North Carolina last year, recorded $19.1 million in merger-related expenses and an $8.3 million pretax loss tied to investment securities. ... Read full article

Tax reform and other regulatory factors could allow Citigroup — and other banks — to maintain high capital levels and strong rewards for shareholders. ... Read full article

Fitzsimmons, who had recently covered banks for Hovde Group, will become FIG Partners' deputy director of research. ... Read full article

Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them. ... Read full article

The Arkansas company's net income topped $100 million for the first time, though it largely reflected the revaluation of its deferred tax liability. ... Read full article

Apart from a one-time adjustment for deferred taxes, the Dallas company strong gains in net interest income and meaningful improvement in all of its key performance ratios. ... Read full article

The two banks' tax reform expectations differ as they move in opposite directions; bank bows to pressure to report pay discrepancies. ... Read full article

The bank plans to stick to its multiyear plan to pay out at least $60 billion in capital to shareholders even after booking a larger-than-forecast charge of $22 billion to adjust to the new tax regime ... Read full article

The JPMorgan Chase CEO is rejecting arguments that banks are poised to loosen underwriting standards to win more mortgage business. He said what's needed to encourage banks to make more loans to borrowers with spotty credit files are changes to FHA ... Read full article