News Topic: Revenue and expenses
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Customers Bancorp to open loan offices in Texas, Florida
Revenue drivers: The top 200 publicly traded community banks
First Mid in Illinois acquires two insurance agencies
HBT Financial, Trustmark share plans to close branches
Huntington's anticipating economic rebound and hiring for it
First Horizon starting to book revenue from Iberiabank merger
Cullen/Frost creates program to reduce overdraft charges
First Republic reports earnings spike from stimulus programs
Why BancorpSouth cast a bigger net for its latest acquisition
How two CEOs reshaped their banks’ cultures
Flagstar makes final payment tied to longstanding mortgage settlement
Banks added jobs in 2020. Are layoffs ahead?
The economy is poised to rebound, meaning loan demand and hiring will pick up, some observers say. Others argue that banks have plenty of reasons to cut jobs given industry consolidation, the growth of digital banking and expectations that low interest ... Read full article
Will PPP runoff expose revenue weakness at banks?
Fees from forgiven Paycheck Protection Program loans are providing a short-term lift, but balance sheets are shrinking and it isn't clear what will drive future growth. ]] ... Read full article
German American to close seven branches
The Indiana company said the move reflects a need to cut costs and customers' increased preference for digital channels. ... Read full article
Territorial Bancorp discloses SEC probe of 2018 earnings
The Honolulu company said the "non-public, fact-finding inquiry" by the Securities and Exchange Commission focuses on its calculations for earnings per share. ... Read full article
Berkshire Hills reaches truce with activist investor
HoldCo Asset Management, which gains two board seats from a standstill agreement, had expressed disappointment that the Boston company hired a CEO instead of pursuing a sale. ... Read full article
SVB discloses potential fraud tied to $70M loan
The California company said the issue involves a line of credit it funded earlier this year and that it is working with law enforcement authorities on the matter. ... Read full article
What finally brought M&T and People's United together
M&T had long coveted the Connecticut regional but couldn't make a deal work. Their merger is the latest example of regional banks joining forces to compete in an industry undergoing rapid transformation. ... Read full article
Truist spending $1.8 billion on tech, customer service upgrades
The investments, part of a post-merger effort to wring out more profits, include new commercial and mortgage lending platforms. ... Read full article