Bank stocks slid Tuesday as several companies reported fourth-quarter earnings, and some cited the effect of loan and interest rate pressure.

The American Banker index of 225 banks lost 0.5%, and the thrift index slid 1.08%. The Standard & Poor's 500 index rose 0.08%, and the Dow Jones Industrial Average increased 0.21%, setting a new record.

Shares of Commerce Bancorp Inc. were among the decliners. The $45.3 billion-asset Cherry Hill, N.J., company's stock slid 8.3%, its biggest drop since September 2005, though its fourth-quarter earnings met analysts' estimates. However, the company guided Wall Street lower on its revenue and per-share earnings outlook for the next five years, citing stiffer competition on pricing for both loans and deposits. It also disclosed that the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System are investigating it.

PrivateBancorp Inc. in Chicago fell after the $4.3 billion-asset company reported lower per-share profit than analysts expected.

"The primary culprit was a much lower net interest margin than we were expecting, with operating expenses creating some additional earnings pressure,'' wrote Stifel, Nicolaus & Co. analyst Ben Crabtree. He had estimated earnings of 45 cents a share; PrivateBancorp delivered 42 cents.

Other decliners included IndyMac Bancorp Inc., which fell 7%. The Pasadena, Calif., company, which has $26.5 billion of assets did not report earnings but guided Wall Street lower for the quarter, based on what chief executive Michael Perry described as "deteriorating mortgage industry conditions.'' In a statement to shareholders, he said the company was hurt by higher credit costs and a lower net interest margin and that it had lost money on some securities sales.

IndyMac said it probably earned 97 cents a share last quarter, below its previous estimate of about $1.35. Analysts surveyed by Thomson Financial had expected $1.34. IndyMac will release its results Jan. 25.

Countrywide Financial Corp., the Calabasas, Calif., the $193 billion holding company that is IndyMac's larger competitor in the mortgage industry, fell 3.8%.

However, the shares of other companies did better.

Wells Fargo & Co.'s shares rose 2%. The $482 billion-asset San Francisco banking company said its profit grew 13%. Per-share results of 64 cents met the average estimate of analysts contacted by Thomson Financial.

U.S. Bancorp shares also advanced, gaining 0.56%. The $219 billion-asset Minneapolis banking company said that the fourth quarter was the first in more than a year in which net interest income exceeded the previous quarter's.

TD Ameritrade Holding Corp. jumped 3.8%. The online brokerage said that fiscal first-quarter profit rose 69%.

Other gainers included Severn Bancorp, based in Annapolis, Maryland, with about $900 million in assets. It said full-year net income had grown about 8% from 2005 but that fourth-quarter net income slowed. Its shares rose 5.1%.

Marshall & Ilsley Corp. stock was little changed after the $56.2 billion-asset Milwaukee company cited bad loans to residential construction customers that had raised net chargeoffs last quarter.

Other losers included Allied Capital Corp., down 4.7%, resuming a slump that started when reports surfaced last week that a former executive in the Detroit office of the investment company's Business Loan Express LLC unit had been indicted on charges of conspiracy and fraud.

The $4.6 billion-asset Washington company said Monday that Business Loan Express is cooperating with the investigation by the Small Business Administration and that it is "monitoring the situation and has retained an independent third party'' to improve Business Loan Express' internal controls.

Business Loan Express, which is based in New York, lends to small businesses. It accounts for 6.2% of Allied's assets and 5% of its earnings, the company said.

Elsewhere, Fifth Third Bancorp closed up 0.8% before it said after the market closed that its chief executive, George Schaefer Jr., would retire from that post in April. The company's president, Kevin Kabat is to succeed him. Mr. Schaefer is to remain the company's chairman.

Bond yields fell for the first time in more than a week after an index of manufacturing activity in New York State declined. The yield on the benchmark 10-year Treasury note lost 2 basis points to 4.75%.

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