The hurricanes destroyed hundreds of thousands of cars, and banks are significantly boosting their reserves in anticipation of higher defaults on auto loans. But there is also a silver lining for auto lenders. ... Read full article
Huntington executives are surprised that chargeoffs are still so low and say they're prepared for things to get worse, yet they remain aggressive in auto and other categories. The juxtaposition is a sign of the times for lenders. ... Read full article
The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line. ... Read full article
Provision costs surged to $44.5 million from $1.2 million. The company attributed that increase to higher chargeoffs in its taxi book. ... Read full article
BOK Financial benefited from rising interest rates in the third quarter even as it reported declines in fee income and commercial real estate loan balances. ... Read full article
Harvey slammed the Houston area this summer, but Prosperity Bancshares' profit dropped only slightly in the third quarter, and it described the financial impact as "manageable." ... Read full article
Loan growth drove the New York bank’s 20% increase in third-quarter earnings, and those results don’t include its acquisition of Astoria Financial this month. ... Read full article
The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin. ... Read full article
Growth in net interest income was offset by a decrease in revenue from mortgage banking and capital markets, the Birmingham, Ala., company said Tuesday. ... Read full article
Net income at the Livingston, N.J., company climbed 67% due to a variety of one-time items tied to its ongoing restructuring. ... Read full article
The Cincinnati bank's total loans fell 2% and its adjusted fee income dropped 4%, but its top line was strong because of higher interest rates and the gain from a sale of more Vantiv shares. ... Read full article
The Salt Lake City bank reported strong 3Q results despite unexpected expenses tied to hurricane damage in its Texas market, and it vowed to stay on track in meeting its cost-savings goals. ... Read full article
Hawaii's booming economy contributed to the Honolulu bank's 10% increase in loans and 9% increase in deposits in the third quarter. ... Read full article
The company, which will officially report results later this week, took hits tied to its planned spinoff of BankMobile and losses tied to an overseas investment. ... Read full article
The ongoing bull market produced more fee income, interest income and new business at the Boston custody bank, which reported a 9% gain in revenue. ... Read full article
SunTrust’s yields have improved as it has increased its credit-card and student lending and made more online personal loans through its LightStream subsidiary. ... Read full article
The Providence, R.I., company surpassed its goal for return on tangible common equity that it had set for itself after its initial public offering. ... Read full article
The Green Bay, Wis., company's CEO predicted “mid-single-digit” annual loan growth after a third quarter that included a 10% increase in deposits and 4% rise in average loans. ... Read full article
The Lafayette, La., company also reported its third-quarter earnings, which fell by more than 41% from a year earlier as it recorded several one-time charges. ... Read full article
Payments company reports double-digit increases in both profit and revenue; card company faces intense competition. ... Read full article
