News Topic: Revenue and expenses

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. ... Read full article

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

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. ... Read full article

Citizens, Regions and others say business investments initiated before the COVID-19 pandemic, including technology improvements and new consumer offerings, are on track. ... Read full article

By helping borrowers now, banks hope customers can quickly catch up on payments once the coronavirus pandemic ends. If they can’t, interest income will remain low and charge-offs could pile up if the crisis drags on. ... Read full article

WSFS, in an effort to catch up with bigger rivals, plans to upgrade digital channels in three years instead of five. ... Read full article

Community banks are entering the business as intermediaries to counter the pinch of low loan yields and intense competition on spread income. ... Read full article

The tight labor market and public pressure to raise minimum wages are expected to nudge noninterest expenses upward in a year when the watchword is cost control. ... Read full article

Certain loan segments are showing signs of deterioration, but consumer lending and digital banking are bright spots. Meanwhile, bankers are eyeing opportunities to improve efficiency, add scale and take advantage of M&A disruption. Here's what to ... Read full article

The company has revised its near-term forecasts for reducing expenses, citing delayed branch closings and a decision to spend more time testing systems ahead of conversion and integration. ... Read full article

The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run. ... Read full article

Commercial lending was sluggish in 2019, but leaders at Huntington, KeyCorp and M&T are encouraged that rates are stabilizing and business sentiment is improving. ... Read full article

While the New York bank has a handle on deposit pricing, Joseph DePaolo said a new accounting standard will play tricks with how it addresses credit quality. ... Read full article

The Southeast banks expect to complete their merger by midyear, hit their savings targets and still be able to invest in growth, according to Bryan Jordan. ... Read full article

Brian Moynihan said banks must be mindful of pricing and risk as they contend with lower yields on loans and securities. ... Read full article

The Charlie Scharf era began with the company's lowest quarterly net income in more than nine years. Culprits included falling revenue, rising salaries and yet more financial fallout from the bank's sales scandal. ... Read full article

With loan demand weak due to factors beyond their control, small-bank execs can expect to field lots of questions about capital and expense management. ... Read full article

Paul Murphy took full responsibility for a recent spike in charge-offs at the Houston company. His challenge in 2020 is keeping credit issues in check. ... Read full article