Energy industry

The Louisiana company's board has made it clear that independence is "not a God-given right" and wants new management to address energy loan issues, underwriting, capital and expenses.

The Louisiana company also said that credit quality in its energy portfolio improved during the first quarter.

The Sun Belt lender also increased fee income and kept expenses down in the first quarter.

Zions beat expectations on several bits of good news, but it reported about $30 million of chargeoffs tied to a single commercial borrower.

Texas Capital Bancshares sharply reduced the size of its loan-loss provision as credit quality improved in its energy loan book. That helped the Dallas bank post a 77% rise in first-quarter profit.

The Mississippi company reported loan growth but a dip in profits after a first-quarter acquisition, and it warned that it is on alert for any new “lag” in the energy sector.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

The French megabank has sold its $120 million stake in a $2.5 billion syndicated loan to build the controversial Dakota Access pipeline.

Bankers oppose legislation that would let local governments finance energy efficiency projects with liens ahead of the mortgage.

Activists are pressuring banks involved in financing the controversial Dakota Access pipeline to abandon the project. If banks remain committed, they risk alienating customers, but divestment could set a bad precedent.