Finance

PayPal's strategy to partner with large institutions and push its popular Venmo social transfer app are literally paying off, as the company raised its earnings outlook and reported earnings that beat analysts' expectations.

The Blairsville, Ga., bank is in growth mode with strong second-quarter lending performances and two deals in the works, but its provision for loan losses was described as too low in one research note.

The Texas company would add seven branches and more than $300 million of assets by acquiring Valley Bancorp.

CircleUp is offering lines of credit to early-stage consumer brands, which can often only get financing at high interest rates.

Profits at the Puerto Rico-based company rose in the second quarter, lifted in part by commercial loan growth in its U.S. operations. Popular executives said they have sold off the company’s remaining direct exposure to the island’s central government.

First Financial in Ohio is buying MainSource in Indiana — with a twist. MainSource's leader will become CEO.

The Miami Lakes company’s chargeoffs of medallion loans increased fivefold, but profits rose thanks to gains in C&I, CRE and other types of loans.

Total System Services Inc. said its income surged during the second quarter of 2017 based on continued revenues that totaled $1.2 billion, up 6.1% from $1.5 billion a year earlier.

The Tulsa, Okla., company reported loan growth in all categories, including a 56% increase in personal loans.

The Westbury, N.Y., company reported a 15% drop in earnings despite recording a large gain on the sale of some securities.

The acquisition would be Valley's third in the Sunshine State since 2014 and would give the New Jersey company its first branches in Alabama.

The Louisiana company, which recorded a large loan-loss provision to cover energy-related chargeoffs, also disclosed a new regulatory order from the Office of the Comptroller of the Currency.

The Michigan company's profit benefited from a larger balance sheet and a reduction in merger-related expenses.

Citigroup hopes to return $60 billion to shareholders by 2020 while earning $20 billion a year; SEC says companies that raise money by selling their own electronic tokens for cryptocurrencies may be subject to federal oversight.

The company agreed to buy MainSource Financial in Indiana for $1 billion, creating a Midwestern bank that will have more than 200 branches and $13 billion in assets.

The federal agency's investigative report concludes that crowdsales of blockchain tokens known as initial coin offerings may need to comply with securities laws.

Strong gains in interest and fee income offset higher expenses and chargeoffs at the Kansas City, Mo., company.

The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter.

The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans.

Just as pre-crisis success was illusory, so too might be expectations that banks could ever regain that type of profit growth again.