News Topic: Regional banks

Several banks suffered fourth-quarter hits when they reduced the value of certain energy investments. Still, renewable energy could remain a viable business thanks to other benefits embedded in the tax law. ... Read full article

Profits fell 42% at the Birmingham, Ala., bank because of a $121 million tax charge in the fourth quarter, but net interest income and noninterest income each rose 14%, softening the blow of the one-time tax hit. ... Read full article

The company, which has been actively curbing growth to avoid becoming a systemically important financial institution, reported lower loan balances and reduced fee income after exiting the residential wholesale mortgage business. ... Read full article

The regional bank sold the business, which serves about 90 clients, to a New York commercial finance firm. ... Read full article

Kim Manigault, who previously was chief financial officer for the company’s technology and operations organization, will be responsible for ensuring that Key continues to make diversity and inclusion a priority in hiring. ... Read full article

The Louisiana company recorded charges tied to recently passed tax reform and the purchase of Sabadell United Bank. ... Read full article

The Texas bank also capitalized on rising rates and a positive adjustment to deferred taxes tied to tax reform in reporting a double-digit gain to profits in the fourth quarter. ... Read full article

The New York company recorded more than $130 million of expenses tied to its October purchase of Astoria Financial. ... Read full article

An economic correction is long overdue, the Ohio company says in explaining why now is the wrong time for long-term entanglements like mergers. ... Read full article

The Pittsburgh company reported a noisy fourth quarter that included expenses tied to its purchase of Yadkin Financial and a reduction in the value of its deferred tax assets. ... Read full article

The Florida company's fourth-quarter results included double-digit loan growth and a $328 million income tax benefit associated with recently passed tax reform. ... Read full article

The results also included a large one-time benefit tied to recently passed tax reform. ... Read full article

The Salt Lake City company reported an efficiency ratio of 61.6% despite charges and costs tied to recently passed tax reform. ... Read full article

There were no sighs of relief from bankers, who realize their planning could still prove useful as the potential for another shutdown looms. ... Read full article

Citizens Financial, Regions and SunTrust reported strong gains in consumer banking, including loans made through partnerships with retailers and fintech lenders. They want to keep it up to compensate for slack in commercial lending. ... Read full article

The Providence, R.I., company’s results included a $317 million tax benefit as well as growth in mortgages, education and unsecured retail loans. ... Read full article

The Arkansas company has spent two years trying to reassure nervous investors and analysts that it can rapidly book real estate loans using conservative practices. ... Read full article

Merger- and tax-related charges took a bite out of fourth-quarter profits at the Cleveland company, but its CEO emphasized that a recent deal and tax reform are promising for growth. ... Read full article