Community Bank System in Syracuse, N.Y., reported higher profits on payback from a branch acquisition and stronger credit quality.
A new survey provides further evidence that continuing declines in mortgage origination volume have motivated lenders to ease credit standards.
Fulton Financial in Lancaster, Pa., reported higher quarterly profit that benefited from a cost-cutting initiative.
Discover Financial Services' earnings shrunk in the first quarter as expenses rose and the company set aside more cash for loan losses.
Trustmark in Jackson, Miss., reported earnings of $29 million in the first quarter, up 13% from the same period last year.
PNC Financial Services, the second-biggest U.S. regional bank, elected William Demchak chairman today to replace James Rohr, who previously announced his retirement.
Aided by strong loan growth and improved asset quality, Hanmi Financial in Los Angeles said Tuesday that its first-quarter profits increased 10% from the same time last year, to $11 million.
Citigroup, the biggest of the five banks that failed the Federal Reserve's stress tests last month, will give more disclosure about capital used by each unit to give investors a clearer picture of returns.
Republic First Bancorp in Philadelphia has raised $45 million through a private placement.
First Commonwealth Financial in Indiana, Pa., reported higher quarterly profit because of reduced loan-loss provisions and lower operating costs.
Union First Market Bankshares in Richmond, Va., reported in a dip in quarterly profit because of costs tied to its purchase of StellarOne in Charlottesville, Va.
Strong revenue and loan growth powered TCF Financial to a $39.9 million profit in the first quarter, a 57% increase from the same period in 2013.
Synovus Financial tripled profits thanks partly to broad loan growth and recent branch sales. The Columbus, Ga., company reported earnings of $45.9 million in the first quarter, up from $14.8 million.
Citigroup Inc. (C) is seeking bidders for about 50 branches holding $3 billion in California as the third-largest U.S. lender pares brick-and-mortar outlets, said three people involved in the process.
UMB Financial in Kansas City, Mo., reported lower quarterly results that largely reflected merger-related expenses.