DAYTON, Ohio -- ATM maker NCR Corp. reported Thursday that net income for its second quarter plunged by 39% to $78 million, or 43 cents a share, compared to the same period last year when the company was able to report a $64 million gain from resolution of a tax issue. Second quarter revenues rose 4% to $1.53 billion, fueled by strong sales in the company's Teradata data warehousing, financial and retail segments. For the first six months of the year, NCR reported a 24% drop in earnings to $119 million, or 66 cents a share, from the first half last year. Revenue growth was flat, with roughly $2.8 billion in revenues for the first half last year and this year.
-
The combination of two Pacific Northwest banks was supposed to create a regional powerhouse, but rising deposit costs have stung. CEO Clint Stein says he's "laser-focused" on making Columbia a top performer again.
May 3 -
A set of panels discussing minority depository institutions and digitization found that cost is a significant challenge to minority depository institutions, especially in the core processing space.
May 3 -
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency issued a 30-page guidebook on managing affiliate risks. The report builds on formal guidance issued last year.
May 3 -
The efforts, which respond to President Biden's October executive order on AI, aim to improve synthetic content detection and improve the trustworthiness of AI models.
May 3 -
Tighter merchant connections between Square and Cash App helped Block produce stronger-than-expected results during the first quarter, while Jack Dorsey said the firm will launch its first remittance product later this year leveraging decentralized finance.
May 3 -
In talks with OCC officials, "it became obvious that we would not gain near-term approval given their recent experience with multifamily and CRE positions," FirstSun CEO Neal Arnold says. The companies announced other revisions to their deal, too.
May 3