Corporate finance

Profit surged at BB&T in Winston-Salem, N.C., during the fourth quarter, driven by various acquisitions and growth in business lending.

A 9% increase in interest revenue helped to offset relatively flat growth in fee revenue.

The Pittsburgh company was aided by high-single-digit organic loan growth in addition to an acquisition that was completed in February.

Michael Corbat told analysts Tuesday that Citi will no longer report Citi Holdings, its erstwhile "bad bank," as a separate entity.

Andy Cecere is the new CEO-in-waiting at the Minneapolis bank, but interest in his future plans took a back seat as investors and others tried to get their heads around why the current boss, Richard Davis, is choosing to leave seven years before the typical retirement age.

Northern Trust’s fourth-quarter profit surged due to higher trust fees, improved credit quality and the benefit accrued to its profit margin from an increase in short-term interest rates.

Commerce Bancshares in Kansas City, Mo., reported higher quarterly results that reflected great credit quality.

The Minneapolis company reported gains in lending and fee income, but merit-pay increases and compliance-related spending contributed to higher noninterest expenses.

Citigroup reported fourth-quarter profit that surpassed analysts’ estimates as trading revenue jumped 31%, more than the bank had forecast last month.

Three midsize banks projected increases in loans this year in the latest round of earnings discussions, but their levels of optimism varied, and their commercial lending strategies in some cases conflicted.

Higher lending for mortgages, construction and commercial real estate boosted Fulton Financial's profit.

The Michigan company expects a recently announced mortgage initiative to produce solid growth in 2017.

WESTconsin CU and UT FCU have selected Member Experience, which uses Net Promoter Score methodology to improve members’ experiences and drive growth.

Asset quality remained solid as the Little Rock company improved loan-to-deposit, efficiency ratios last quarter following two major bank acquisitions.

Improved credit quality also helped compensate for flat loan growth at the Dallas bank.

The Columbus, Ga., bank reported higher fourth-quarter profit on growth in business loans and mortgage banking.

The San Francisco bank said Friday that it plans to close at least 400 branches over the next two years, part of an effort to reduce annual expenses by $2 billion.

JPMorgan Chase, Bank of America and PNC reported lackluster revenue growth as higher trading fees and increases in commercial lending barely compensated for consumer-side challenges.

The San Francisco private bank reported double-digit gains in originations and noninterest income that led to a nearly 30% increase in profits last quarter.

Fourth-quarter profit dropped 5.4% as revenue from its mortgage business declined, Wells Fargo said Friday.