News Topic: Earnings

The era of exceptionally strong loan performance in the credit card business has come to an end, and the Riverwoods, Ill., firm is feeling the effects. ... Read full article

Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections. ... Read full article

The results handily beat estimates as the company benefited from CEO Ellen Alemany’s ongoing effort to shed businesses and simplify operations. ... Read full article

The Cincinnati company’s 1Q profits were hurt as it scaled back in key consumer and commercial credits, paid higher severance and saw fee income fall. ... Read full article

The Florida company relied on loan growth and loan sales to offset higher expenses and ongoing issues in its taxi medallion lending operations. ... Read full article

Merger-related expenses cut into the Pittsburgh company's earnings, though management is excited about growth opportunities in North Carolina. ... Read full article

Double-digit gains in assets under management and administration and higher interest rates more than offset rising expenses. ... Read full article

The West Virginia company sold the mortgages to Residential Funding and ResCap Liquidating Trust between 2003 and 2007. ... Read full article

Zions beat expectations on several bits of good news, but it reported about $30 million of chargeoffs tied to a single commercial borrower. ... Read full article

Quarterly earnings at the Wayzata, Minn., company fell as gains from the sale of auto loans continued to slide. ... Read full article

The California company's credit issues eased some in the first quarter, though earnings were down from a year earlier due to charges tied to cost cutting and reductions in three loan categories. ... Read full article

Fees from capital markets activities have propelled profits at several regional banks when they needed it —and just as the Glass-Steagall redux crowd wants to kill it. ... Read full article

Strong gains in low-cost health savings account balances helped fuel loan growth at the Waterbury, Conn., company. ... Read full article

The Atlanta company's profits rose on stronger net interest income and investment banking income as well as a tax maneuver. ... Read full article

The Wisconsin regional's profits rose 35% in the first quarter on healthy loan growth, wider margins and an improved efficiency ratio while saying its "satisfactory" CRA rating had been restored. ... Read full article

Executives at BB&T, KeyCorp and Citizens are milking commercial lending niches and balancing cost control with new investments while waiting for more rate hikes to fatten margins. ... Read full article

The "Citizens Checkup" program to help customers set financial goals has come under fire, but CEO Bruce Van Saun says it is valuable and "here to stay," and that the criticism of it pales in comparison to the Wells Fargo scandal. ... Read full article

Despite merger-related charges, the Cleveland bank's first-quarter profit climbed 63% as the addition of a million new customers led to strong gains in both interest and fee income. ... Read full article