- New York
First Niagara Financial Group in Buffalo, N.Y., said its first-quarter profit declined because of costs tied to its technology upgrade and lower spread income.
April 24 -
Hancock Holding in Gulfport, Miss., reported lower profit as low oil prices stymied loan growth in the energy sector.
April 23 -
City National Bank in Los Angeles said Thursday that its first-quarter profit climbed 14% from the same period last year, fueled by a surge in real estate construction and commercial lending.
April 23
Prosperity Bancshares in Houston hit analysts' earnings forecasts despite a linked-quarter decline in loans and profit.
The $21.6 billion-asset company said in a press release Friday that its earnings fell 6% from the fourth quarter, to $73.6 million. Year-over-year results were skewed by the company's April 2014 purchase of
Net interest income fell 8%, to $162.9 million, on an 0.8% decline in total loans. The net interest margin compressed by 32 basis points during the quarter, to 3.57%.
Noninterest income fell 5.6%, to $28.4 million, while noninterest expense fell 6.3%, to $79.5 million.
Prosperity did not highlight any serious issues tied to falling energy prices,