Revenue and expenses

Flight to suburbs helps boost First Republic's 2Q profit


Home purchases in markets outside of cities accounted for some of the San Francisco bank's loan growth. Executives believe this will be a long-term trend because a generous supply of inventory in less populated areas will appeal to buyers.


How First Horizon-Iberiabank bucked trend of canceled bank deals


Several big bank mergers fell apart after the coronavirus hit. But Bryan Jordan, First Horizon's CEO, said the pandemic validated plans to cut costs an invest more in digital upgrades.


National Bank in Colorado joins growing list of banks closing branches


The company said its plan to shutter 12 locations reflects "increased client usage of online and mobile banking and a commitment to improve digital banking technology."


Bank OZK to exit Alabama with branch sales


The Arkansas bank is selling its two branches in the state to Merchants & Marine Bancorp and FEB Bancshares.


Several banks disclose plans to permanently close branches


CB Financial Services, Mercantile Bank and Nicolet Bankshares said they are looking to shutter a total of 12 locations in coming months.


Coronavirus 'affirmed rationale' behind CenterState-South State deal: CEO


⁠John Corbett says building scale, lowering costs and strengthening technology offerings have become more critical for banks to stay competitive.


Banks enter era of 'no regrets' cost cutting


Faced with limited growth opportunities and potentially mounting loan losses, banks are getting aggressive — and creative — to boost profits.


Banc of California to terminate soccer stadium agreement


The company will incur an upfront fee but will save $7 million a year by walking away from a deal with the Los Angeles Football Club.


Virginia community bank cuts 12% of its staff


New Peoples Bankshares said the layoffs were necessary because of the coronavirus pandemic and "a changing financial services industry."


Leader of Michigan community bank abruptly resigns


Thomas Lopp cited health reasons for leaving Sterling Bancorp less than six months after becoming CEO. Sterling has been dealing with revenue issues after shutting down its biggest lending program over underwriting concerns.