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Executives have taken a wide range of approaches to deal with the prolonged period of low interest rates and the risks associated with their eventual rise. Some of those balance-sheet strategies have cut into banks' profitability and thus their efficiency.
June 11 -
Here's our annual list of the most profitable 200 publicly traded community banks and thrifts, with an analysis of how they are managing to outperform peers. The ranking is based on three-year average ROE.
April 27 -
A narrowing net interest margin left little room for error, but it still proved more than enough for Huntington Bancshares. Tight expense control, continued solid asset quality and strong deposit growth helped the Columbus, Ohio-based bank post an 11% increase in first-quarter net income.
April 22
Huntington Bancshares in Columbus, Ohio,
The $62.6 billion-asset company reported Thursday that its second-quarter net income rose 19% from a year earlier, to $196.2 million. Earnings per share of 23 cents beat the average estimate of analysts polled by Bloomberg by 2 cents.
Higher fees drove the results. Noninterest income increased by 13%, to $282 million. Mortgage banking revenue jumped by 70%, to $38.5 million, while gains on the sale of loans more than tripled, to $12.5 million. Income from service charges, brokerage income and trust services declined.
Net interest income rose 7%, to $491 million. Total loans increased by 6%, to $47.9 billion, while the net interest margin compressed by 8 basis points, to 3.2%.
Credit trends were mixed. Nonperforming assets rose by 9%, to $396 million, but the loan-loss provision fell by 31%, to $20.4 million.
Noninterest expenses increased by 7%, to $492 million, mostly from equipment expenses tied to the company's technology financing business.
