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The Pennsylvania company is keen on buying a bank with $1 billion or more in assets to soundly cross a threshold that would bring with it more regulatory scrutiny.

HSBC Holdings executives said little about the future of their U.S. bank and other underperforming businesses at a sometimes contentious annual shareholder meeting Friday.

Millions of dollars spent on software upgrades are worth the hit to short-term profits, executives at the Buffalo bank said, because it will be able to run deeper credit profiles of borrowers.

BankUnited in Miami Lakes, Fla., reported lower quarterly profit as its noninterest expenses rose.

Low interest rates may be pressuring margins, but they provided a lift to community banks that sell mortgage originations. Bankers are now debating how long the current refi boom will last.

Prosperity Bancshares in Houston hit analysts' earnings forecasts despite a linked-quarter decline in loans and profit.

Hancock Holding in Gulfport, Miss., reported lower profit as low oil prices stymied loan growth in the energy sector.

City National Bank in Los Angeles said Thursday that its first-quarter profit climbed 14% from the same period last year, fueled by a surge in real estate construction and commercial lending.

Columbia Banking System in Tacoma, Wash., tapped organic growth and its purchase of Intermountain Community Bancorp to post higher quarterly profit.

DAYTON, Ohio — The Superintendent of the Ohio Division of Financial Institutions on Thursday placed Montgomery County Credit Union, Inc., into conservatorship and appointed the National Credit Union Administration as agent for the conservator.

Astoria Financial in Lake Success, N.Y., topped Wall Street expectations despite a drop in revenue. The $15.5 billion-asset company reported a 39% decrease in net income from a year earlier, to $19.3 million.

The company will consider annual elections for all directors after investors passed a non-binding resolution urging for a change.

At first glance Cardinal Financial in McLean, Va., blew away earnings expectations, rising 220% in the first quarter from the same time last year.

High-profile hits and misses in the first quarter showed the difficulty of finding revenue growth in a period of low interest rates. Some big banks surprised analysts by tapping into fresh revenue streams, while others lost ground.

Texas Capital Bancshares in Dallas reported a higher first-quarter profit on an increase in total loans and heightened demand for refinancing home loans.

Strong organic loan growth and a recent acquisition of a small Virginia bank combined to power Eagle Bancorp to another record profit in the first quarter.

Stock Yards Bancorp in Louisville, Ky., reported much better-than-expected earnings in the first quarter one the strength of higher mortgage revenue and net interest income.

BURNSVILLE, Minn. — US Federal Credit Union Wednesday announced it has surpassed $1 billion in assets.

First Midwest Bank in Itasca, Ill., increased profits in the first quarter thanks to higher lending income, but fell short of heightened expectations set after two major acquisitions last year.

Suffolk Bancorp in Riverhead, N.Y., posted stronger earnings in the first quarter on higher net interest income and a reduction in expenses.