Americas

Fifth Third Bancorp (FITB) isn't giving up on the small-dollar loan market, Chief Executive Kevin Kabat said Thursday.

National Penn Bancshares (NPBC) in Allentown, Pa., swung to a profit in the first quarter thanks to commercial loan growth and one-time factors that offset lower mortgage banking revenue.

Astoria Financial (AF) in Lake Success, N.Y., reported higher quarterly profit aided by state income tax breaks.

Consumers can now use Lending Club to pay for schooling or elective medical procedures.

People's United Financial (PBCT) in Bridgeport, Conn., reported late Wednesday steady first quarter results, characterized by loan growth and improved asset quality, the same day it disclosed a succession plan for its chief financial officer.

PrivateBancorp (PVTB) in Chicago beat quarterly earnings estimates as its lending revenue and credit quality continued to improve.

The Cleveland company reported earnings of $236 million, up more than 18% from a year earlier. Earnings per share of 27 cents beat analysts' estimates polled by Bloomberg by three cents.

Webster Financial Corp. (WBS) in Waterbury, Conn., reported solid first-quarter results thanks to a surge in commercial lending.

BB&T (BBT) in Winston-Salem, N.C., narrowly missed Wall Street's first-quarter expectations because of sluggish loan growth.

William Young, the founding chief executive officer of Virginia Partners Bank in Fredericksburg, Va., will retire on June 30.