Content classifications

The $36.8 billion-asset bank earned $597.5 million in the second quarter, compared to a loss of $511.3 million a year earlier. Earnings per share were $5.80.

Astoria Financial in Lake Success, N.Y., reported a 40% increase in second-quarter earnings as stronger fee income from mortgages helped it overcome a considerable shrinkage in loans.

Credit union executives and stakeholders sound off on everything from NCUA wanting oversight of third-party vendors, auto loan growth, differentiation and more.

Hancock Holding in Gulfport, Miss., reported lower second-quarter profit, citing higher incentive pay for employees and lower yields on both loans and securities.

City National Bank in Los Angeles said Thursday that its second-quarter profit rose 5% from the same period last year, driven by heavier demand for commercial loans.

National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.

F.N.B. in Pittsburgh reported higher second-quarter profit as it booked more commercial real estate and business loans.

First Interstate BancSystem in Billings, Mont., will soon have a new chief executive.

Ofelia Valdez-Yeager is first woman to lead California CU's Board, Golden 1 hires new CFO, two VPs and more.

TCF Financial in Wayzata, Minn., reported lower second-quarter profit as it paid more in salaries and employee benefits and a larger loss provision ate into net interest income.

The board of directors of Municipal Employees Credit Union (MECU) here announced that it has appointed John M. Hamilton as president and chief executive officer. Hamilton had been serving as the interim CEO since March 2015.

Renee Nash was named to the $155 million-asset bank's board Monday. Folsom Lake's board has varied in number over the years, between nine and 12 members. The bank currently has 10 directors.

Huntington Bancshares in Columbus, Ohio, reported higher quarterly in profit that reflected higher in mortgage banking fees and steady loan growth.

Capital One Financial Corp., the credit-card lender that grew into a diversified bank, hired former PayPal executive Don Kingsborough to help run a division that makes strategic investments in technology startups.

Eagle Bancorp in Bethesda, Md., exceeded analysts' expectations for the second quarter.

Texas Capital Bancshares in Dallas reported a higher second-quarter profit, citing increased lending and a boost in the number of loans held for investment.

Discover Financial Services in Riverwoods, Ill., continued its run of quarterly profit declines in the second quarter, due primarily to higher costs for compliance, marketing and customer rewards.

HomeTrust Bancshares in Asheville, N.C., has hired PNC Financial Services Group banker Kristin Powell as co-director of mortgage lending.

Wells Fargo has expanded the leadership of Perry Pelos, head of commercial banking, to include corporate banking and treasury management.

Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.