Non-interest income

A spike in the bank's noninterest income powered its better-than-expected net income and revenue in the second quarter.

Strong fee income growth and solid credit quality helped offset weak demand for credit as the San Francisco-based bank reported a 20% boost to earnings per share from a year ago.

The Pittsburgh-based company's earnings fell 4% in the third quarter from a year ago, although noninterest income climbed 11%.

Data as of Mar. 31, 2022. Dollars in thousands.

On Dec. 31, 2020. Dollars in thousands.

On Sep. 30, 2021. Dollars in thousands.

On June 30, 2021. Dollars in thousands.

Community banks, which rely more on the charges than their larger counterparts do, were instrumental in staving off new regulation during the Obama era. But much has changed since Democrats last held power in Washington.

On Mar. 31, 2021. Dollars in thousands.

Some institutions for more than a year have reduced or eliminated overdraft and funds transfer fees to help members hard hit by the economic downturn, but it's unclear how much longer they can keep coasting on other sources of noninterest income.

On Dec. 31, 2020. Dollars in thousands.

Noninterest income from Paycheck Protection loans and mortgage refinancings isn't enough to make up for shortfalls elsewhere, and growth prospects are hard to identify.

On Sep. 30, 2020. Dollars in thousands.

The company's insurance arm, which recently bought a Texas-based insurance tech firm, is on pace to complete five deals this quarter.

On June 30, 2020. Dollars in thousands.

On Mar. 31, 2020. Dollars in thousands.

With rates so low — after steep emergency Federal Reserve cuts in response to the pandemic’s fallout — banks will struggle to generate bread-and-butter interest income and asset-sensitive lenders will face substantial net interest margin contraction this year and next, analysts say.

The largest credit union in the world increased its provision by 28% from a year earlier.

Margins will be squeezed after the Federal Reserve lowered interest rates earlier this month to counteract the economic fallout from the coronavirus.