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Higher noninterest income was instrumental in a 3.9% quarter-to-quarter profit increase at Capitol Federal Financial in Topeka, Kan., in the three months that ended March 31.

No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.

Fifth Third Bancorp is turning to a veteran of the consumer goods industry to help shape its approach to innovation.

BBVA Compass reported strong loan growth in the first quarter, but its net income fell sharply from the same period last year as weak energy prices forced the company to substantially boost its loan-loss reserves.

CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.

Penn Community Bank didn’t have a CFO until it hired Stephanie Austin, who won praise for building a solid finance department at her previous job.

Umpqua Holdings in Oregon has promoted a business-banking executive to president of its bank unit.

Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now prominent midsize player Santander Consumer is putting on the brakes and complaining about small, overly daring rivals. How bad a sign is that?

Shares of Valley National Bancorp. slumped Wednesday after the Wayne, N.J., company reported a first-quarter profit that fell short of analysts' expectations.

First-quarter net income at the $22 billion-asset company fell 6.4% to $69 million year over year and earnings per share fell 6.7% to 98 cents.

A $15 million gain from securities transactions and modest loan growth weren't enough to offset the impact of delinquent energy loans on Cullen/Frost Bankers' first-quarter profit.

Citizens National Bancshares of Bossier in Bossier City, La., has named Jason Smith, an executive vice president at subsidiary Citizens National Bank since 2008, as its president and chief executive.

Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan business and other nagging issues.

The scramble to cut costs at State Street continues as the custody bank seeks to make up for declining fees and add revenue-generating businesses.

Trustmark in Jackson, Miss., said higher loan-loss provisions were largely to blame for a 7.4% year-over-year decline in its first-quarter profit.

Vantiv named Stephanie Ferris chief financial officer, promoting her from deputy chief financial officer, a post she has held since September 2015.

Sanford Weill, the retired chairman and chief executive of Citigroup, and his wife, Joan, have pledged $185 million to the University of California at San Francisco to create a new research center.

Flagstar Bancorp in Troy, Mich., reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan-loss reserves.

Comerica may sell itself one day, but it won't be a very attractive takeover target — or fetch top dollar — until energy prices rebound and interest rates rise, company officials said at the annual meeting Tuesday.