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Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.
July 29 -
UMB Financial in Kansas City, Mo., saw second-quarter profit decline as lower revenue from its Scout Investments subsidiary reduced fee income.
July 29 - Oklahoma
BOK Financial in Tulsa, Okla., reported higher second-quarter earnings as mortgage banking and loan growth offset an increase in expenses.
July 29
United Bankshares reported higher second-quarter earnings, as the Charleston, W.Va., company boosted lending and kept expenses in check.
The $12.2 billion-asset company's
Net interest income increased 2.1% to $95.9 million. Net loans rose 2.3% to $9.1 billion, while the net interest margin tightened 7 basis points to 3.62%.
Noninterest income rose 2.7% to $19.5 million, on increases in trust and brokerage fees, bankcard fees and mortgage banking revenue.
Noninterest expense grew 1.1% to $57.7 million, on higher employee-benefits expenses from an increase in pension costs. The efficiency ratio improved to 50.03%.
