Freddie Mac's net income increased to $4.8 billion in the fourth quarter, more than double what it earned a quarter earlier, the government-sponsored enterprise announced Thursday. ... Read full article
If Washington lowers taxes as much as banks and the rest of corporate America hope, it will yield a bonanza of earnings per share, new tech investments or investor dividends … right? Not exactly, bank leaders warn. ... Read full article
Carl Chaney said he would have turned down the job if he doubted his ability to turn the New Orleans bank around. ... Read full article
With another $60 million in writedowns, BBVA Compass has taken $90 million in goodwill impairment charges related to its $117 million acquisition of the neobank Simple. ... Read full article
Social Finance continues to expand outside student loans, buying Zenbanx, a digital bank and money transfer startup; prepaid card provider fined $13 million over 2015 system outage. ... Read full article
The $163.7 billion-asset auto lender reported net income of $248 million, down 5.7% as a result of an increased loan-loss provision and noninterest expenses. ... Read full article
The Livingston, N.J., company took a big hit in the fourth quarter as it continued to divest certain business lines and restructure its operations. ... Read full article
The California bank has hired an outside firm to review its loans and will de-emphasize health care lending. ... Read full article
Loans, deposits and revenue all rose solidly compared to a year earlier. ... Read full article
TCF Financial executives are considering pulling back from selling auto loans, following a sharp decline in gains during the fourth quarter. ... Read full article
Declines in deposit-service charges and in gains on the sale of auto loans drove down 4Q earnings. ... Read full article
The New York company may struggle with profitability as it decides whether to find a new buyer. ... Read full article
Income from derivative fees climbs 47%. ... Read full article
The Lake Success, N.Y., company’s bottom line fell 15% on lower net interest income, though its expenses shrank and fee income rose. ... Read full article
The Wayne, N.J., company posted double-digit gains in interest and nontinterest income. ... Read full article
Huntington Bancshares says it is especially well positioned to benefit from a commercial lending boom that could accompany a revival of U.S. heavy industry, but other lenders also say they are upbeat. ... Read full article
The phrase “it is what it is” came up several times as CEO Joseph Ficalora addressed analysts’ questions about nixing plans to buy Astoria and the challenges of getting another deal done. ... Read full article
Acquisition pushes quarterly revenues past $1 billion for first time ever. ... Read full article
Big increases in construction and commercial real estate lending boosted revenue at the Kansas City, Mo., company. ... Read full article
Fifth Third and other regionals have ditched what they deem to be high-risk commercial loans in hopes of strengthening credit quality over the long term. ... Read full article
