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People's United Financial in Bridgeport, Conn., said solid growth in commercial and mortgage loans drove third-quarter net income up 5% to $61.6 million, or 21 cents per share.
October 17 -
SunTrust Banks in Atlanta reported higher third-quarter earnings on improved fee income from its investment banking unit, mortgages and card fees.
October 17 -
Associated Banc-Corp in Green Bay, Wis., produced strong loan growth and other results in the third quarter that analysts said outshone some of its peers.
October 16
First Financial Bankshares in Abilene, Texas
The $5.6 billion-asset bank said in a press release Thursday that its net income was $23.4 million, or 20% higher than last year. Diluted earnings were 36 cents per share, in line with the average estimate of analysts polled by Bloomberg.
Returns from the bank's lending portfolio drove the third-quarter results. Net interest income climbed 7% from last year, to $48.9 million. Total loans increased 8.6%, to $2.8 billion.
The net interest margin tightened 8 basis points, to 4.18%.
First Financial also trimmed operating expenses by 4.2% from a year earlier, to $34 million. The bank attributed the decline to the termination of contracts from its June 2013 acquisition of the $438 million-asset Orange Savings Bank.
Fee income climbed 1.5%, to $17.3 million, mainly from ATM and trust fees.