Zions' results reflect growing comfort with oil exposure
The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey. ... Read full article
The Utah company reduced the size of its loan-loss allowance, citing improvement in its energy book at minimal losses from Hurricane Harvey. ... Read full article
On Dec. 31, 2017. Dollars in thousands. ... Read full article
The tax reform law passed late last year, which significantly cut the corporate tax rate, has been widely popular among banks, but a one-time hit to the value of their deferred tax assets was felt far and wide. ... Read full article
Triumph Bancorp has developed technology to help freight brokers make faster payments to truckers, charging a fee for the service. ... Read full article
The new tax law also resulted in more than $22 million of charges at the New Jersey-based bank. ... Read full article
Record net interest income, helped by a 22-basis-point gain in net interest margin, boosted quarterly results in spite of declining fee income. ... Read full article
Wealth management assets, deposits and fee income swelled at the San Francisco bank, but interest and noninterest costs rose along with them. ... Read full article
The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees. ... Read full article
The Dallas company has extinguished talk of a potential sale after aggressively cutting costs over the past year. But concerns about its future — including its ability to find new sources of revenue — remain. ... Read full article
The Cincinnati company has agreed to acquire Epic Insurance Solutions in Louisville, Ky., as it continues to build out its fee-based lines of business. ... Read full article
Revenue from overdrafts keeps rising, according to new FDIC data, even though the controversial product still has a bull’s-eye on its back. Clearer disclosures and higher consumer confidence are the big reasons. ... Read full article
With the deadline for a federal-debt-limit renewal nearly a month away, bankers are dreading the prospect of higher funding costs, strained liquidity, weaker commercial loan demand and other ramifications if Washington does not act. ... Read full article
People’s United recently won the deposit business of the states of Massachusetts and Vermont, punctuating a multiyear plan to expand in government banking. But it’s a hard niche to succeed in, and, as other banks can attest, it can invite controversy. ... Read full article
Clearing services, assets under custody and administration and other parts of the trust bank's operations rose in the second quarter, all good news as it shifts leadership from Gerald Hassell to former Visa CEO Charlie Scharf. ... Read full article
The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth. ... Read full article
Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates. ... Read full article
Loan and fee income rose at the Los Angeles bank, which also jettisoned nearly $160 million of health care cash-flow loans. ... Read full article
The Dallas company is in the middle of a dramatic turnaround after scaling back on energy loans and slashing expenses. Still, followers of the company seek assurances that the discipline will endure. ... Read full article
Trust income, bank card fees and deposit service fees led to double-digit earnings growth at Commerce Bancshares. ... Read full article
It might seem unusual for an Old National Bancorp to lure away a regional executive from the much larger Fifth Third, but not in wealth management, where competitiveness can be as much about emphasis as size. ... Read full article