Alan Kline

The investment bank FBR & Co. (FBRC) announced Thursday that longtime Chairman Eric F. Billings will step down in June and that he will be replaced by the firm's president and chief executive, Richard J. Hendrix.

Texas Capital Bancshares' (TCBI) stock zoomed to an all-time high Thursday after the Dallas company handily beat first-quarter earnings projections and the investment firm Sterne Agee & Leach upgraded its shares from neutral to buy.

Bar Harbor Bankshares (BHB) in Maine is getting some love from analysts following its record earnings performance in the first quarter.

United Community Banks (UCBI) in Blairsville, Ga., reported a profit of $8.5 million in the first quarter as lower expenses and 31% jump in fee-based revenues from the prior year more than offset slightly weakening asset quality.

Aided by its January purchase State Bancorp, Valley National Bancorp (VLY) in Wayne, N.J., reported strong loan and deposit growth in the first quarter, though its overall earnings declined slightly from the prior year due to merger related costs and other one-time events.

Sterling Financial (STSA) said after markets closed Wednesday that its first-quarter net income rose 146% from the same period last year, to $13.3 million, due primarily to a growth in loan balances, lower funding costs and improved asset quality.

Solid revenue growth and a continued decline in problem loans helped boost Trustmark's first-quarter profit by 27% over the same period last year, to $30.3 million.

A surge in mortgage lending combined with improved asset quality and expense control led the embattled First Mariner Bancorp in Baltimore to its first profitable quarter in more than five years for the quarter that ended March 31.

Cullen/Frost Bankers (CFR) in San Antonio posted record profits in the first quarter as strong deposit growth and sharply improved asset quality more than offset a declining net interest margin and a dip in fee income.

Shares of Sun Bancorp (SNBC) plunged early Wednesday after the Vineland, N.J., company reported a wider-than-expected loss in the first quarter due to ongoing weakness in its loan portfolio.

Making good on its promise to bulk up in asset management, City National Bank (CYN) in Los Angeles announced Wednesday that it is buying Rochdale Investment Management in New York and combining it with its asset management subsidiary.

Truman Bank of St. Louis has been undercapitalized since late last year and the Federal Reserve Board has issued a Prompt Corrective Action order saying said it has 90 days to either bolster its capital levels or find a buyer.

PNC Bank executive William S. Demchak has moved a step closer to the corner office now occupied by Chief Executive James E. Rohr.

Synovus Financial (SNV) is coming off its most profitable quarter in four years and now everyone wants to know when the Columbus, Ga., company plans to repay the Troubled Asset Relief Program.

The acquisition would add 15 branches and deepen penetration in key markets.

Roberto Herencia, chairman of First Bancorp in Puerto Rico and an ex-CEO of Banco Popular North America, is the investment group's leader.

Solid revenue growth and continued improvement in credit quality led Banner Corporation (BANR) in Walla Walla, Wash., to its most profitable quarter in at least five years.

Northwest Bancshares, of Warren, Pa., said Monday that earnings for the quarter that ended March 31 fell 12% from the same period last year, to $15.2 million, as low yields on loans suppressed interest income and losses on foreclosed property ate into noninterest income.

Shares of S&T Bancorp (STBA) fell sharply Monday after the Indiana, Pa., company reported first-quarter earnings that missed estimates by a wide margin.

Just days after telling investors and analysts that it is eyeing acquisitions of banks or asset management firms, City National Bank in Los Angeles has announced that it is buying...an equipment leasing company.