Alan Kline is the former editor-in-chief of American Banker. Previously he oversaw its consumer finance and national/regional banking coverage. He also helped direct coverage of the annual Most Powerful Women in Banking rankings.
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Citizens Financial Group in Providence, R.I., said Thursday that its first-quarter earnings increased 7% from the same period last year, to $223 million, as strong commercial loan growth offset a dip in fee income. Earnings per share increased 8%, to 41 cents.
April 21 -
Competitive pricing and softening demand at the high end of the apartment- and condo-building market had executives at BankUnited, Signature and New York Community answering tough questions about their growth projections and diversification strategies.
April 20 -
Signature Bank in New York reported record profits in the first quarter as strong loan, asset and deposit growth more than offset increased expenses and deterioration in its portfolio of taxi-medallion loans.
April 20 -
After another disappointing quarter, Comerica is promising big changes in its ongoing quest to improve returns to shareholders. It appears to be considering all options, including selling off business lines and perhaps even merging with another institution.
April 19 -
Comerica reported a steep decline in first-quarter profits as weak energy prices forced the Dallas company to sharply boost its reserves for loan losses.
April 19 -
A partnership with a firm that makes consumer loans through Home Depot stores is exceeding all expectations at Regions Financial. The company is counting on arrangements with two other alternative lenders to further drive loan growth.
April 15 -
Regions Financial in Birmingham, Ala., posted a double-digit gain in its first-quarter profit as strong revenue growth more than offset continued deterioration in its energy-loan portfolio.
April 15 -
Bank earnings season is just getting underway, but a consistent theme around energy lending is already emerging credit quality is going to get worse and weigh on profits the rest of the year.
April 14 -
Weakness in the energy sector is weighing on PNC Financial Services Group's profits. The Pittsburgh company said early Thursday that it earned $943 million in the first quarter, a nearly 6% decline from the same period last year.
April 14 -
Affirm, a three-year-old online lender that finances consumer purchases at the point of sale, has raised a $100 million in equity funding to help it boost distribution and develop new products and services.
April 13
