News Topic: Revenue and expenses

The company has been working to address an informal agreement with regulators tied to Bank Secrecy Act compliance. ... Read full article

The company also set high expectations for revenue opportunities while projecting it will deliver at 15% return on equity in 2019. ... Read full article

For remaking East West Bank from a small savings institution into a $36.3 billion-asset player with a seat on the front lines of U.S.-China relations – all while churning out record earnings year after year – American Banker is recognizing Ng for being a ... Read full article

Ira Robbins, the CEO-in-waiting at Valley National Bancorp, will have to complete a major acquisition, make the bank more competitive on returns and costs and tackle other tough tasks after taking over for Gerald Lipkin. ... Read full article

The New Jersey company reported lower third-quarter profit that included severance costs from a two-year program to boost its bottom line. ... Read full article

As more loans go bad across the credit card industry, the Riverwoods, Ill.-based company boosted its provision for loan losses by 51%. ... Read full article

Fee income also surged as the San Francisco bank reached the $100 billion mark in wealth management assets. ... Read full article

Total revenue rose less than 1% to $21.8 billion, but expenses declined 2.5% to $13.1 billion. That computed to the highest profit at Bank of America in six years. ... Read full article

The company had strong gains in construction lending and trust fee income, but its business lending operation had flat results. ... Read full article

The Wisconsin company plans to shutter half of Bank Mutual's branches, including seven in Milwaukee. ... Read full article

With the move, the Mississippi bank would no longer be regulated by the Federal Reserve. The decision comes after the bank struggled with Bank Secrecy Act and Community Reinvestment Act compliance. ... Read full article

The Ohio company also reported that credit quality metrics remain well within its targeted range. ... Read full article

The Cleveland company, once criticized for an initial six-year forecast, now believes it will only take four years to rebuild its tangible book value. ... Read full article

MidSouth Bancorp in Louisiana will cut jobs, close branches and slash its dividend as it works to reduce its energy exposure. ... Read full article

Northwest, which produced lackuster first-quarter results, said it will close all 44 offices of Northwest Consumer Discount Co. by mid-July. The unit’s loans will be transferred to Northwest’s bank for servicing and collections. ... Read full article

The San Francisco bank says it's making strides in regaining the trust of its customers, but winning over new ones — as evidenced by a 9% decline in retail banking profits — remains a struggle. ... Read full article

The company will sell five branches in Wisconsin to an unnamed buyer. It also plans to close two locations. ... Read full article

The company also seems to be shifting the narrative to operational performance after addressing claims of questionable insider dealings. ... Read full article