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Smaller institutions are likely to report stable net interest margins, even as competition for the best credits remains fierce. Loan volume could suffer from a seasonal slowdown, while investors would be keen to track commentary on loan structure.
October 9 -
Performance among banks and thrifts with $2 billion to $10 billion of assets has not changed much over the past year, judging from our annual ranking.
July 28 -
BBCN Bancorp in Los Angeles has signed a memorandum of understanding with the city of Seoul aimed at expanding the bank's business in South Korea.
September 23
Park National in Newark, Ohio, reported lower quarterly earnings due to higher operation expenses and credit costs.
The $7 billion-asset company's third-quarter profit fell 4% from a year earlier, to $18.3 million. Earnings per share of $1.19 were 10 cents below the average estimate of analysts polled by Bloomberg.
The dip is largely due to a $400,000 increase in employee expenses, a 45% increase in Park's loan-loss provision, and about $240,000 in equipment and furniture expenses. Overall, noninterest expenses rose nearly 5%, to $46.9 million.
Net interest income rose 3.2%, to $56 million. The net interest margin expanded by 3 basis points, to 3.55%.
Noninterest income rose 11.5%, to nearly $19.4 million.
