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First Citizens BancShares in Raleigh, N.C. reported a significant decline in quarterly earnings due to a higher loan-loss provision and increased operating costs.
October 28 -
South State Corp. in Columbia, S.C., struggled to increase earnings but held expenses in check after a major acquisition.
October 28 -
S&T Bancorp in Indiana, Pa., reported higher quarterly profit that benefited from loan growth and improved asset quality.
October 28
Trustmark Corp. in Jackson Miss., reported a
The $12 billion-asset company's third-quarters earnings increased 2% from a year earlier, to $33.6 million. Earnings per share of 50 cents beat the average estimate of analysts polled by Bloomberg by 7 cents.
An uptick in commercial construction loans in Texas, Mississippi and Alabama drove the results, as net interest income rose 8%, to $110.1 million. Total loans rose 11%, to $6.4 billion, and the net interest margin expanded by 20 basis points, to 4.14%.
Fee-based income fell 9%, to $42.9 million, due to lower interchange revenue from debit cards.
Operating expenses decreased by 1%, to $100.2 million.
