Americas

Earnings at Valley National Bancorp in Wayne, N.J., fell significantly in the fourth quarter, largely because of costs to pay off debt.

Centrue Financial in Ottawa, Ill., has agreed to sell three branches in Illinois.

Chargeoffs jumped 13% at the Dallas lender, and its warning that they could increase further because of deterioration in subprime auto lending set off alarm bells about the broader consumer finance market.

Prosperity Bancshares in Houston reported a 4.23% dip in fourth-quarter profit on lower levels of loan discount accretion.

Bank executives have faced relentless questions about their energy-sector exposure during fourth-quarter earnings calls this month, as oil has bobbed above and below $30 a barrel. They are taking more drastic actions to contain losses, but it still might not be enough.

The $9 billion-asset company said in a press release Monday that it will incur about $5 million in additional expenses during the first half of this year to cover the cost of closing the offices.

Malvern Bancorp in Paoli, Pa., on Wednesday reported a profit for its first fiscal quarter of 2016 and said the Office of the Comptroller of the Currency had lifted a formal written agreement with its Malvern Federal Savings Bank subsidiary dating to October 2014.

The energy sector downturn took a big bite out of quarterly earnings at Cullen/Frost Bankers in San Antonio.

Commercial loan growth fueled a 20% rise in fourth-quarter profit at EverBank Financial in Jacksonville, Fla., outweighing a sharp drop in fee income.

New York Community Bancorp in Westbury, N.Y., posted a fourth-quarter loss after incurring a large charge from prepaying $10.4 billion in wholesale borrowings.