New York Community's profits fall on rising deposit costs
Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds. ... Read full article
Strong growth in the bank's core business of multifamily lending was offset by higher rates it paid on CDs and borrowed funds. ... Read full article
The California company reported increases in loans and deposits, along with a wider net interest margin. ... Read full article
Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most quarterly interest income in years. ... Read full article
The Pittsburgh bank reported a double-digit increase in 3Q profits on a mix of higher loan yields in its retail and corporate banking units, higher corporate service fees and several other factors. ... Read full article
The biggest U.S. bank leaned on old-fashioned lending in the third quarter to weather a slump in fixed-income trading. ... Read full article
A huge chunk of the profit increase in the second quarter was due to a lower tax rate, but rising net interest margins and loan growth signal that institutions continue to derive revenue from their loan book. ... Read full article
Prosperity Bancshares in Houston said that its earnings increased 19% from a year earlier as its efficiency ratio rose. ... Read full article
BankUnited in Miami Lakes, Fla., said that second-quarter earnings rose 36% as average loan and investment securities balances increased. ... Read full article
The combination of rising interest rates and increased competition from nonbank lenders is prompting many commercial real estate investors to seek better deals elsewhere. ... Read full article
Despite some green shoots in key credit segments, total loan growth was light at many banks last quarter. Rate hikes are threatened, and deposits will get pricier — where will the earnings come from? ... Read full article
Repayments on acquired residential mortgage loans were the main reason, but other bottom-line boosters more than made up for that, the Buffalo, N.Y., bank said in reporting second-quarter results. ... Read full article
Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins. ... Read full article
Price competition on deposits may finally force the largest banks to pay up, and consumers’ aggressive use of rewards and promotional rates is weighing on card income. And then there are those tariff fights that could hurt global clients. ... Read full article
The recent string of positive news for the banking industry, from lower corporate taxes to less regulation, is starting to feel like a distant memory. ... Read full article
Investments in analytics and a focus on courting midsize businesses have helped regional banks add non-interest-bearing deposits even as they struggle for other types of deposits. Can they keep it up as rates rise? ... Read full article
The U.S. subsidiary of the Spanish banking giant BBVA said Friday that direct consumer loans increased 40% in the first quarter and that its digital strategy is bearing fruit. ... Read full article
A 20% increase in lending, largely to players in the tech industry, helped the California company offset a one-time loss tied to an investment in the streaming company Roku. ... Read full article
Double-digit growth in personal loans and record wealth management revenue also helped the Tulsa, Okla., beat earnings forecasts. ... Read full article
The Cincinnati bank reported strong profits, but its efforts to lower credit risk curbed lending as expenses rose in the first quarter. ... Read full article
The $17 billion-asset Bank of Hawaii reported higher profits on rising interest income, even as it saw yearly declines in mortgage banking and deposit fee income, as well as losses on investment securities. ... Read full article