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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, and releases can be found in the Related Links area of each article.
January 28
MB Financial Inc. in Chicago earned $595,000 in the fourth quarter, compared with a loss $12.4 million a year earlier, as net interest income grew and credit costs subsided.
The $10.3 billion-asset company reported late Thursday that it had full-year earnings of $10.1 million last year, compared with a 2009 loss of $36.4 million. At 1 cent a share, the quarterly results beat the average of analysts' estimates by 14 cents, according to Thomson Reuters.
The company's net interest income of $84.6 million fell 3% from the third quarter but was up 14% from a year earlier.
The results were largely affected by a loan-loss provision that fell 30% from a year earlier, to $49 million. Net chargeoffs fell 38% from a year earlier, to $50.7 million. The company sold $22 million of nonperforming loans during the quarter.
MB Financial also said that its nonperforming assets shrank 4% from the third quarter but rose 40% from a year earlier, to $434 million, or 4.21% of total assets.
