Commercial banking

The custody bank also won $109 billion worth of new asset-servicing business in the quarter, which pushed assets under custody to over $30 trillion.

With National Small Business Week set to kick off April 30, American Banker asked several community bankers to share stories of high-impact loans that made a difference in their communities and in their own enthusiasm for the work they do.

Double-digit growth in earning assets more than offset higher expenses and a decline in the net interest margin.

The Minneapolis company reported higher quarterly earnings thanks to strong performance in credit cards, investment management and other fee-based business lines.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

The Columbus, Ga., company also announced late Monday that it is buying the credit card assets and brokered deposits of the retailer Cabela's and will then sell the card portfolio to Capital One.

Bank of America beat expectations in several categories, including earnings per share, revenue and net interest margin.

The Trump administration's proposed budget would cut discretionary funding for the Department of Agriculture, which could affect a key agency lending program. Bankers are urging legislators to maintain, or even increase, funding.

A new accounting policy and improved profit margins fueled M&T Bank’s double-digit profit growth in the first quarter.

A 9% increase in net interest income more than offset rising expenses at the Kansas City, Mo., company.