Jackie Stewart is the executive editor of American Banker Magazine. Previously, she covered breaking news, community banks and mergers and acquisitions for American Banker before being named as the managing editor of the Credit Union Journal. After graduating from Northwestern University in 2006, Jackie taught for two years in the Bronx, N.Y., through Teach for America.
The head of First Commonwealth Financial (FCF) spoke for a lot of bankers Wednesday who hope to follow his lead.
Second-quarter earnings at First Midwest Bancorp (FMBI) declined from a year ago as the Itasca, Ill., company's net interest income fell and its provision for loan losses increased.
U.S. Bank has bought a type of corporate credit card network for truckers from prepaid company TransCard.
Strong loan growth at BankUnited (BKU) helped the Miami Lakes, Fla., company post higher second-quarter income and beat analysts' expectations.
Hampton Roads Bankshares's (HMPR) second-quarter loss narrowed from a year earlier as improveed credit quality aided the Norfolk, Va., company.
F.N.B. Corp. (FNB) in Hermitage, Pa., posted higher second-quarter profit as loan balances surged.
FirstMerit (FMER) in Akron, Ohio, trumped higher noninterest costs with more lending for a slight gain in quarterly profits.
Bank of America (BAC) has hired more than 30 bankers in the greater Chicago area as part of a broader plan to beef up its services for small-business owners.
Double-digit loan growth boosted the bottom line more than 20% at Signature Bank (SBNY) in New York.
Synovus Financial (SNV) continued its comeback, reporting its fourth profitable quarter in a row.
Second-quarter profits almost doubled at Zions Bancorporation (ZION) from a year earlier, but the Salt Lake City company's results still fell short of analysts' expectations.
Fueled by increased fee income, Chemical Financial (CHFC) in Midland, Mich., posted its highest quarterly earnings per share in more than six years.
Northwest Bancshares (NWBI) in Warren, Pa., posted higher second-quarter earnings after delinquent and nonaccrual loans fell to their lowest levels in four years.
Some 95% of bankers say the potential for SME business is at least equal to that of any other opportunity.
Howard Bancorp in Ellicott City, Md., has raised $10.2 million through a public offering and private placement of common stock.
New chip-and-PIN cards targeted at customers who travel to countries where magnetic stripe cards are not accepted.
Lower noninterest expenses and a declining provision for credit losses led Bank of Hawaii (BOH) in Honolulu to second-quarter net income of $40.7 million, up almost 16% from a year earlier.
Anchor Bancorp (ANCB) in Lacey, Wash., will increase its fiscal-year fourth-quarter loan-loss provision by $1.1 million, leading to an expected loss for the period.
Umpqua executives were scratching their heads Friday over the sudden drop in the company's stock price following what appeared to be a strong earnings report this week. TCF, PacWest and Associated also saw slides.
Associated Banc-Corp (ASBC) in Green Bay, Wis., reported its highest quarterly profit since early 2008 as commercial and business lending surged.
