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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 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.
By Alan KlineApril 13 -
HarborOne Bank is proving that financial education really can improve the bottom line.
By Alan KlineMarch 30 -
Hancock Holding is warning of more pain in its energy portfolio as low prices continue to hamper oil and gas firms ability to repay their loans.
By Alan KlineMarch 29 -
Bakhshi, who takes over as CEO in June, brings with her a track record of innovation and a reputation for getting the most out of her teams.
By Alan KlineMarch 22 -
Bank of the West in San Francisco announced Wednesday that it has named TD Bank executive Nandita Bakhshi as its next president and chief executive.
By Alan KlineMarch 16 -
The San Rafael, Calif., company has stayed at roughly the same asset size for six years now, even though it has the capacity and desire to become much larger. The reasons speak to the competitiveness among lenders and the fickle nature of bank M&A.
By Alan KlineMarch 15 -
The pace of bank mergers and acquisitions has slowed of late as bank stock values have plummeted, but expect it to pick up as 2016 wears on. Here's why.
By Alan KlineMarch 8 -
Smaller players are losing ground to deep-pocketed large banks that can both absorb compliance costs and invest in the most up-to-date technology, M&T's longtime CEO said in his annual letter to shareholders. He also worried about banks' shrinking role in the ever-changing lending landscape.
By Alan KlineMarch 7 -
WSFS Financial has been around nearly two centuries, and CEO Mark Turner is going for another two. Has he found the road map for success?
By Alan KlineFebruary 24 -
Lending Club reported record earnings in the fourth quarter thanks to soaring loan demand.
By Alan KlineFebruary 11 -
Powered by double-digit gains in both interest and fee income, WSFS Financial in Wilmington, Del., reported a profit of $14.4 million in the fourth quarter, up 9.3% from the fourth quarter of 2014.
By Alan KlineJanuary 29






