Americas

PrivateBancorp (PVTB) in Chicago reported first-quarter earnings of $10.8 million, up 44% from a year earlier, as credit costs fell and the company collected more fees.

Shares of UMB Financial (UMBF) hit a 52-week high Tuesday after the Kansas City, Mo., company reported a record $46.4 million profit in the first quarter, a 50% increase from the same period last year.

Almost three months after spooking investors with plans to restate 2010 and most of 2011, Enterprise Financial Services in St. Louis might be working its way back into their good graces.

Solid revenue growth and continued improvement in credit quality led Banner Corporation (BANR) in Walla Walla, Wash., to its most profitable quarter in at least five years.

Reduced expenses and a lower provision for credit losses helped boost West Coast Bancorp's first-quarter net income by nearly 14% from the same period last year, to $5.4 million.

Bill.com said that Mercantile Bank (MBWM) of Grand Rapids, Mich., will be the first financial institution to use its platform to standardize its online business banking services.

Shares of S&T Bancorp (STBA) fell sharply Monday after the Indiana, Pa., company reported first-quarter earnings that missed estimates by a wide margin.

Bank of Hawaii (BOH) of Honolulu reported first-quarter earnings of $43.8 million, up roughly 3% from a year earlier, as loan balances rose and credit quality improved.

Fueled by record revenues from mortgage banking, Washington Trust Bancorp (WASH) in Westerly, R.I., reported a record $8.4 million profit in the first quarter, an increase of 24% over the same period in 2011.

Park National (PRK) in Newark, Ohio, announced Friday that it will repay the $100 million it received from the government's Troubled Asset Relief Program by issuing new debt and reducing its short-term investments.