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The Oklahoma-based bank also struck an upbeat tone on economic conditions and credit quality after it reported a sharp quarter-over-quarter increase in net income.
By Jim DobbsJuly 23 -
The Alabama-based bank also said that its outlook for net interest income is brightening. Several other regional banks have offered similarly upbeat guidance in recent days.
By Jim DobbsJuly 19 -
The Georgia-based bank recorded a $257 million hit after unloading a bundle of securities that it expects to redeploy into higher-yielding assets. It also forecast a resumption of loan growth in the second half of the year.
By Jim DobbsJuly 18 -
The top-performing banks with between $10 billion and $50 billion of assets boasted relatively strong loan portfolios and expense control.
By Jim DobbsJuly 17 -
The Pittsburgh-based superregional bank reported a small quarter-over-quarter advance in net interest income, and it expects loan growth to pick up in the second half of the year. PNC, which announced job cuts last year, also said that it has identified an additional $25 million in cost savings.
By Jim DobbsJuly 16 -
After its planned sale to a larger competitor fell through, the renamed bank plans to expand into new markets, starting with St. Louis.
By Jim DobbsJuly 12 -
Higher funding costs, lower loan demand and the potential for increased credit costs continue to drag on the sector heading into second-quarter earnings season.
By Jim DobbsJuly 11 -
With the Federal Reserve holding interest rates at elevated levels through the first half of the year, analysts are sharpening their collective focus on possible fallout from high deposit and borrowing costs.
By Jim DobbsJuly 2 -
New top executives were lined up for lenders across the West and Midwest, including Bank of North Dakota.
By Jim DobbsJune 28 -
There were 27 bank acquisitions worth $5.45 billion announced in the second quarter as of mid-June. That was more than the $5.2 billion combined value of deals announced over the previous five quarters.
By Jim DobbsJune 24