Topic
2Q '09 Bank Earnings
JPMorgan Chase & Co. set the bar for second-quarter earnings at large banking companies by reporting a 36% leap in profits last week, and the questions it prompted about all banking firms have dominated the earnings season. Those included: Has the industry turned around? Are big banking companies masking their true health with investment banking, accounting and other special gains? How will regional banks, which don't have these fallback options, fare as they struggle with greater concentrations of bad loans? Following is American Banker's second-quarter earnings coverage.
2Q '09 Earnings Scorecard
American Banker | Jul 23Tracking the performance of 24 of the largest financial services companies against analysts' estimates, with links to relevant coverage, filings, releases, and bank benchmark profile data.
Jump to coverage of Banks with Assets of:
More than $50 Billion $10 Billion to $50 Billion Less than $10 Billion Nonbanks
Banks with More than $50 Billion of Assets
2Q Earnings
Capital One Blames Tarp in 2Q Loss
American Banker | Jul 24Capital One reported a second-quarter loss that was attributed to the dividends it paid on preferred stock from the Troubled Asset Relief Program.
2Q Earnings
Huntington and Fifth Third Star in Their Own 'Tale of Two Cities'
American Banker | Jul 24Second-quarter results released Thursday brought into sharp relief the differences between the two companies — particularly the progress each has ...
2Q Earnings
PNC Serves an Upbeat Morsel, But Still Digesting
American Banker | Jul 24Almost as soon as James Rohr said PNC Financial Services Group was squeezing efficiency improvements out of its National City acquisition at a faster clip than ...
2Q Earnings
Credit Quality Overshadows Wells' Profit
American Banker | Jul 23Wells Fargo did a lot of things a public company is supposed to do at earnings time but it just wasn't enough to silence the alarm bells from a larger-than-expected ...
2Q Earnings
SunTrust, KeyCorp Shrink Loan Provisions; U.S. Bank Adds
American Banker | Jul 23U.S. Bancorp, SunTrust Banks and KeyCorp have, by at least one important measure, the healthiest loan portfolios among the country's largest banks. But even they have not been immune to ...
Banks with $10 Billion to $50 Billion of Assets
2Q EARNINGS
Citizens Stung by Nonperformers
American Banker | Jul 27Nonperforming assets continued to rise at an already stressed Citizens Republic Bancorp of Flint, Mich., in the second quarter, as the Michigan economy ...
2Q EARNINGS
Expand? Sell? Wilmington Faces Tough Decisions
American Banker | Jul 27Wilmington Trust may have to make some tough choices soon, but its chairman and CEO is doing all he can to deflect speculation that it has reached a crossroads.
2Q Earnings
Synovus Posts $601 Million Loss
American Banker | Jul 24Synovus Financial reported its fourth straight quarterly loss because of higher credit costs. The Columbus, Ga., banking company lost $601.2M in the second quarter.
2Q Earnings
BB&T Declines While M&I, First Horizon Both Record Losses
American Banker | Jul 20BB&T CEO Kelly King has had two priorities as the economy worsened: repaying all of the company's federal aid and restoring its dividend to prerecession levels.
2Q EARNINGS
Loss, Stock Rise for Webster and a Plan to Give Back Tarp
American Banker | Jul 20Though it lost $31.6 million before one-time items, the Waterbury, Conn., company highlighted an impressive boost to its capital cushion, a surge in deposits and slower growth in nonperforming assets.
Banks with Less than $10 Billion of Assets
3Q Earnings
Miss.' Hancock Sells Stock, Profit Slips
American Banker | Oct 20Hancock Holding in Gulfport, Miss., has begun a $150 million common stock offering, just after reporting that its third-quarter earnings slipped 4.9% from the year earlier, but rose 10.7% from ...
F.N.B Profit Down, But Progress in Florida
American Banker | Jul 27F.N.B. Corp. in Hermitage, Pa., said Friday it made progress on reducing its troubled Florida loans.
2Q EARNINGS
United Community Swings to Loss
American Banker | Jul 27With loan trouble continuing to escalate, United Community Banks in Blairsville, Ga., swung to a $23.1M operating loss in the second quarter, from a $7.1M ...
2Q Earnings
New Mexico's First State in the Red
American Banker | Jul 24Despite a boost from the sale of its Colorado branches, First State Bancorp in Albuquerque said Thursday that it lost $6.2 million in the second quarter.
2Q Earnings
S&T Shares Slip on Spike in Chargeoffs
American Banker | Jul 21S&T Bancorp in Indiana, Pa., said it swung to a $10.2M loss in the second quarter, from a $13.9 million profit a year earlier, mostly because chargeoffs spiked to ...
2Q EARNINGS
Profits Off 10% at First Niagara of New York
American Banker | Jul 20First Niagara Financial Group Inc. in Lockport, N.Y., said Friday that its second-quarter profit slipped 10% from a year earlier, to $20.8 million.
Nonbanks
2Q EARNINGS
Glints of Hope at Card Issuers; Amex Asserts Losses at Peak
American Banker | Jul 27Given the glimmers of improvement in second-quarter results, credit card lenders are hoping for an endless spring.
2Q EARNINGS
American Express Profit Drops 48%
American Banker | Jul 24American Express Co.'s second-quarter profits fell 48% from a year earlier, but the company reported encouraging signs on the credit front.
2Q EARNINGS
Metavante Earnings Up, Raises Outlook
American Banker | Jul 24Metavante Technologies reported second-quarter earnings Thursday that topped analysts' estimates, and raised its full-year forecast.
2Q Earnings
Western Union to Court More Banks
American Banker | Jul 22Revenue from Western Union Co.'s consumer remittance business fell in the second quarter as the company stepped up its efforts to form more bank partnerships.
2Q Earnings
GE Lays Out Its Case for Holding on to Capital Unit
American Banker | Jul 20Executives at GE spent much of a conference call Friday morning discussing the performance of its sprawling finance arm, GE Capital — and reiterating their ...
