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First Niagara Financial Group in Buffalo, N.Y., reported a massive quarterly loss that had a number of large writedowns.
October 24 -
City National in Los Angeles reported higher third-quarter earnings, due to a sharp rise in trust and brokerage revenue.
October 23 -
Metro Bank of Harrisburg, Pa., which is facing a challenge from an activist investor, posted higher quarterly earnings.
October 23
Hancock Holding in Gulfport, Miss., reported a
The $20 billion-asset company's earnings rose 40% from a year earlier, to $46.6 million. Earnings of 59 cents a share beat the average estimate of analysts polled by Bloomberg by a penny.
Operating expenses fell 18%, to $149 million, due to an "ongoing expense and efficiency initiative," the company said in a press release Friday.
Net interest income fell 5%, to $163 million. Total loans grew 14%, to $13.3 million, though the net interest margin compressed 58 basis points, to 3.81%.
Noninterest income decreased by 8%, to $57.9 million.
