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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 29
Bank Mutual Corp. in Milwaukee returned to the black with first-quarter earnings of $1 million, after it reported a $76.4 million loss in the fourth quarter tied to a balance sheet restructuring.
The $2.5 billion-asset company's results fell 54% from a year earlier.
In the fourth quarter, Bank Mutual repaid $756 million of borrowings from the Federal Home Loan Bank of Chicago, resulting in a $53.6 million one-time charge. But the action helped reduce first-quarter interest expense by 58% from a year earlier, to $7.2 million. Net interest income rose 12% from a year earlier, to $15.8 million, as the net interest margin expanded 106 basis points, to 2.82%.
Bank Mutual's loan-loss provision fell 6% from a year earlier, to $3.1 million.
