News Topic: Earnings

Greig, who orchestrated FirstMerit's sale to Huntington Bancshares, joined Opus' board last month. ... Read full article

Entegra Financial disclosed that it held First NBC subordinated debt. An impairment charge tied to the bank's failure will lower Entegra's first-quarter results by $441,000. ... Read full article

Freddie Mac's serious delinquency rate dropped below 1% for the first time since 2008, lending credence to its efforts to expand credit access. ... Read full article

In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry. ... Read full article

The New Jersey company's profit growth was constrained by an 11% increase in compensation and benefits and an 85% jump in consulting fees tied to compliance and other issues. ... Read full article

The Louisiana company also said that credit company in its energy portfolio improved during the first quarter. ... Read full article

The tech-focused banking company reported loan growth of 15% in a strong first quarter thanks partly to stronger lending to private-equity and venture capital clients. ... Read full article

The Delaware company reported loan growth and, for the first time in months, no charges tied to an outstanding regulatory order. ... Read full article

The Sun Belt lender also increased fee income and kept expenses down in the first quarter. ... Read full article

The Cincinnati bank's profit-improvement plan is as detailed as it gets, but there is an argument to be made it is heavy on metrics and light on vision. ... Read full article

Joseph Evans will step down as CEO on June 1, though he will remain the company's chairman. Thomas Wiley, a longtime associate of Evans, is set to take the helm. ... Read full article

All six big card issuers reported higher chargeoffs in their credit card businesses, a sign that the post-crisis era of exceptionally strong credit performance has run its course. ... Read full article

The Westbury, N.Y., company is angling for an acquisition as it approaches the $50 billion-asset mark. ... Read full article

State Street won $110 billion of new asset-servicing business in the quarter. ... Read full article

Growth in commercial real estate loans is a big reason the New Jersey bank had a strong quarter. ... Read full article

The Tulsa, Okla., company also benefited from higher interest and fee revenue while keeping expenses under control. ... Read full article

Profits at the Dallas lender plunged as it slashed originations and edged up the credit spectrum. ... Read full article

The New York company also reported a wider net interest margin and lower noninterest expenses. ... Read full article