Topic

4Q '09 Bank Results

The results are from the fourth quarter, but the earnings season’s focus is on 2010. Comments on credit quality, new lending and the economy will be parsed. Loan-loss data on consumer and commercial real estate will be scrutinized. Will credit losses and reserving peak, and when? The answers will signal which banks – both big and regional – are likely to thrive and which might struggle this year.

Jump to coverage of Banks with Assets of:

More than $50 Billion     $10 Billion to $50 Billion     Less than $10 Billion     Nonbanks

4Q Results

Brighter Credit Picture at Regionals Outshines Many Flaws

Fifth Third, KeyCorp and Comerica may not have closed the book on losses stemming from the financial crisis, but they certainly appear to have begun a new chapter.

4Q Results

Capital One Earns $376M in 4th Quarter

The $169.4B-asset McLean, Va., company earned $375.6M in the fourth quarter, compared to $393.5M in the third quarter and a $1.4B loss a year earlier.

4Q Results

CEOs Avoid Tempting Fate as Loan Woes Decelerate

Despite a widespread deceleration in the pace credit deterioration, industry executives have stopped short of declaring the start of a positive trend.

4Q Results

M&T, Hudson City Buck Lending Trends

Banks aren't lending? Tell that to M&T Bank and Hudson City Bancorp. Those regional banks were a rarity in the fourth quarter: banks whose loan books actually grew.

4Q Results

For Paring Its Losses, Citi Gets Credit

Amid all the noise in a typically messy quarter for Citigroup lay a beacon of hope for bankers everywhere: a shrinking pile of loans gone bad.

4Q Results

AmTrust Generates Quick Returns for New York Community

After raising capital to finance the purchase of AmTrust Bank, New York Community Bancorp is sitting on a massive stockpile of cash that it can lend out at attractive rates ...

4Q Results

Zions Reports Losses for Quarter, Year

Zions Bancorp., still struggling with its commercial real estate portfolio, lost $182M in the 4Q and $1.2B for the year but reported improvements in credit quality ...

4Q Results

Bank of Hawaii Profit Up 3%

Bank of Hawaii said Monday that its 4Q earnings rose 3% from a year earlier, to $40.5M as growth in noninterest income was offset by higher credit costs and a lower margin.

4Q Results

Growth at PrivateBancorp Expected to Slow Sharply

After nearly two years of rapid asset growth, PrivateBancorp Inc. in Chicago is expected to have a much slower 2010 as it gets its financial house in order.

4Q Results

First Niagara: Solid Deposit Retention with PNC Deal

First Niagara Financial Group's acquisition of a western Pennsylvania branch network from PNC is working out better than it had expected.

4Q Results

Valley National a Buyer?

Valley National Bancorp announced Thursday that it is slowing de novo branch expansion in New Jersey and New York as it sees the chance to expand through acquisition.

4Q Results

First Horizon Reports a $70.6M Loss

First Horizon said Tuesday that it wants to start repaying its federal aid this year amid improving credit trends even as it delivered a higher-than-expected 4Q loss.

4Q Results

Washington Federal Positioned to Acquire in Ailing Northwest

Its numbers are still a bit wanting, but Washington Federal Inc. is distinguishing itself from the pack of recession-hit also-rans in the beleaguered Pacific Northwest.

4Q Earnings

Associated's Loss, CRE Book Set Bad Tone for Regionals

Associated Banc-Corp's surprise quarterly loss could portend an ugly earnings season for regional banks, especially when it comes to commercial real estate.

4Q Results

First Financial Capital Raise May Signal More Acquisitions

Despite three big boosts to capital in 2009, First Financial Bancorp in Cincinnati is looking to amass an even bigger treasure chest of capital this year.

4Q Results

Fidelity Southern Bullish on 2010

With nonperforming assets declining and two consecutive profitable quarters under its belt, the Atlanta company is planning for a year of black ink.

4Q Results

Ailing ShoreBank Seeks the Aid of an Ailing State

With dwindling capital and mounting losses, ShoreBank Corp. in Chicago is seeking a bailout from the state of Illinois.

4Q Results

Nara Shares Fall on 4Q Loss

Shares of Nara Bancorp fell 5.5% early Tuesday, but rebounded to close down 1.24% to $8.73 after the Los Angeles company announced a fourth-quarter loss.

4Q Results

Virginia Commerce Back in Black

After three consecutive quarterly losses, Virginia Commerce Bancorp announced Tuesday that it returned to profitability in the fourth quarter.

4Q Results

Signature Posts 60% Profit Gain

Signature Bank reported Tuesday that fourth-quarter earnings rose more than 60%, capping what the New York company said was its best year since its inception in 2001.

4Q Results

Heartland Loss 200% Higher

Heartland Financial USA of Dubuque, Iowa, reported a net 2009 loss of $9.2 million for common shareholders, 200% larger than the 2008 loss.

4Q Results

Sterling Swings Back to Profit

Sterling Bancshares in Houston reported Thursday that it returned to profitability in the fourth quarter, after a sharp loss in the third quarter.

4Q Results

Hancock's Thwarted Expansion Turns Out to Be Good Timing

With a war chest of capital, a clean balance sheet and willing management, Hancock Holding is primed to take advantage of down-cycle opportunities and is actively seeking ...

4Q EARNINGS

Southern First Profit Off by 59%

Southern First Bancshares Inc. in Greenville, S.C., reported Tuesday its fourth-quarter earnings fell 59% from a year earlier, to $152,000.

4Q EARNINGS

Mercantile of Michigan Swings to a Loss

Mercantile Bank Corp. in Grand Rapids reported Tuesday that it swung to a fourth-quarter loss of $26.4 million, from a profit of $300,000 a year earlier.

4Q RESULTS

BlackRock Looks Abroad for Growth, Enjoys Lead in ETFs

After completing its $13.5B purchase of Barclays Global Investors, which closed in December, BlackRock more than doubled its assets under management, to $3.3T, from $1.3T a year ...

4Q RESULTS

MGIC Posts Loss and Loses B of A

Bank of America has stopped doing business with MGIC Investment Corp., the mortgage insurer it sued last month for rejecting $100 million of claims on defaulted loans.

4Q Results

Amex Profit Soars as Credit Losses Drop

American Express' 4Q profit nearly tripled from a year earlier, to $707M, as credit costs declined sharply and consumer spending picked up, the company said Thursday.

4Q EARNINGS

TSYS Off 9.2%, and CEO Sees A 'Significant Revenue Hole'

The loss of large clients, price compression, currency valuations and the tough economy all contributed to a difficult fourth quarter and 2009 for Total System Services, and its executives ...

4Q EARNINGS

BNY Mellon Aims to Curb Costs, Expand Wealth Unit

As it waits for the fee income that will come once interest rates rise, Bank of New York Mellon will continue to try and control costs and focus on expanding its asset management and asset ...

4Q EARNINGS

Assets Increase at Three Key Firms, But Caution Persists

With investors returning slowly but surely to the markets, assets rose in the fourth quarter at three prominent financial firms that manage wealth.