Performance reports

The suggestion that any area has too many local institutions dismisses the importance of community banks and overlooks the dangerous effects of consolidation.

A breakdown in internal controls at Bank of Princeton almost killed a deal to sell the company to Investors Bancorp.

First NBC’s annual report disclosed a full-year loss, lower capital levels and a spike in nonperforming loans, leaving outsiders to ponder how long it will take for the company to get back on track.

U.S. acquisitions have buoyed profits at Canada’s biggest banks, whose domestic economy is sluggish and possibly on the verge of a housing crisis. The banks are expected to pursue more M&A in the U.S. if that problem persists.

The Federal Deposit Insurance Corp. is set to release its quarterly update on the industry's health on Aug. 30. The second-quarter Quarterly Banking Profile will indicate whether banks have rebounded from their slight slump in the first quarter.

LendingClub wasn’t alone in its suffering during the second quarter.

Royal Bank of Canada beat analysts' estimates for the fiscal third quarter as its City National purchase in the U.S. bolstered wealth management and capital markets earnings surged. Canada's largest lender raised its dividend 2.5% to 83 cents a share.

In a belated regulatory filing, Carver Bancorp in New York said its profits in the quarter that ended June 30 fell 8% from a year earlier, to $408,000, due to a double-digit increase in expenses.

Previous natural disasters in the Gulf region have taught banks like MidSouth, Regions and Hancock how to swing into action to help customers and manage sudden risks.

Like its peers, the San Francisco-based marketplace lender is struggling to manage the fallout of a sharp reversal in the interest of investors.