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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.
October 28
Fidelity Southern Corp. in Atlanta has reported third-quarter earnings of $2.1 million, a 425% improvement from a year earlier, and says that most of its problems are behind it.
"The very real improvement in our core earnings year-over-year reflects that cleanup of problem loans is essentially done," James B. Miller Jr., the chairman of the $1.8 billion-asset company, said in a press release Thursday when the results were announced.
Fidelity Southern's nonperforming assets in the quarter fell 22% year-over-year, to $82.8 million, or 5.3% of total assets.
Still, the company's provisioning for loan losses, which totaled $5 million, was up 11% from a year earlier and 337% more than in the second quarter.
Fidelity Southern's earnings growth was driven by a 60% year-over-year increase in noninterest income, which totaled $11.6 million in the quarter. This was attributed to a 128% jump in mortgage banking activities and a 547% increase in lending supported by the Small Business Administration.
