Earnings
Earnings
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Discover leaned heavily on rewards to drive new card acquisitions and sales growth in the fourth quarter, but suffered a double whammy of rising reward costs and higher charge-offs, causing it to miss analyst earnings expectations.
January 25 -
Delinquencies, which are on the rise across financial services, clouded an otherwise solid quarter for Discover Financial Services.
January 24 -
The Pennsylvania company said it expects the digital bank to become profitable by the end of this year.
January 24 -
An improved net interest margin helped offset a slight decrease in fee income at the Wisconsin company.
January 24 -
With SBA lending at a standstill, many small businesses can't access the capital they need to create and retain jobs, Stephen Steinour says.
January 24 -
The Dallas company boosted its loan-loss provision in the fourth quarter to cover deteriorating leveraged loans, causing it to miss profit estimates.
January 24 -
The surge in new lending at the Pasadena, Calif., company offset rising deposit costs and sluggish fee-income growth.
January 24 -
The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.
January 23 -
The Boston company reported a quarterly profit despite special charges, mortgage headwinds and lost SBA revenue tied to the partial government shutdown.
January 23 -
The Florida bank sold $344 million of taxi-medallion and other loans in the fourth quarter, saying it was positioning itself for the future.
January 23 -
Double-digit gains in net interest income more than offset sluggish growth in fee income at the Salt Lake City company.
January 23 -
The Florida company's earnings increased after it completed a big acquisition and produced strong year-over-year loan production.
January 22 -
The McLean, Va., company also reported a decline in charge-offs on credit card loans.
January 22 -
CEO Greg Carmichael says the Cincinnati bank will hire bankers in Denver, Dallas and Houston as part of a broader expansion into fast-growing markets that are home to lots of midsize firms. It is also interested in buying more fee-based businesses.
January 22 -
The Virginia company cautioned that it expects lending to slow down this year.
January 22 -
The low-cost deposits it gained in its purchase of 52 Wells Fargo branches, combined with higher interest rates, lifted Flagstar's net interest margin.
January 22 -
Many government employees are turning to alternative lenders to bridge the gap between paychecks; the average pay at the biggest U.S. banks rose by just 3% last year, well below the CEO rate.
January 22 -
CFPB to scrap key underwriting portion of payday rule; Fiserv-First Data — why small banks fear big fintech; banks, credit unions help federal workers hurt by shutdown; and more from this week's most-read stories.
January 18 -
The Tennessee company is pleased with loan growth. It has also been able to reduce its dependence on brokered deposits as it brings in new customers following its purchase of Capital Bank.
January 18 -
Strong demand for commercial loans helped offset weaker growth in consumer lending and a decline in fee income.
January 18



















