Performance reports

OnDeck Capital reported a quarterly loss of $12.6 million as revenues fell short of expectations. At the same time, the New York firm sharply reduced its earnings projection for the rest of the year.

Amalgamated Bank in New York has started offering down payment insurance to homebuyers in a move it hopes will set it apart with highly mobile millennial borrowers.

Green Bancorp's surprise decision to purge all of its oil credits comes at a time when other banks have been gradually paring back exposure.

A group of employees recently formed an organization designed to help the North Carolina company increase its appeal with Asian workers and customers.

The Bancorp in Wilmington, Del., swung to a first-quarter loss on higher costs to review and improve its compliance with anti-money-laundering laws.

With consumers generally averse to risk, financial institutions have an opportunity to rethink what it means to make bets in line with their customers' well-being.

CIT's bread-and-butter business — commercial banking — weakened as it embarks on a broader turnaround plan. Soft demand from midsize companies plagued it and other lenders last quarter. Will that problem continue the rest of the year?

Higher noninterest income was instrumental in a 3.9% quarter-to-quarter profit increase at Capitol Federal Financial in Topeka, Kan., in the three months that ended March 31.

No one at Old Fort Banking could afford to buy the large stake being sold by the Ohio bank's majority shareholder. So the employee stock ownership plan stepped in, and now it plans to take full control of Old Fort's holding company.

BBVA Compass reported strong loan growth in the first quarter, but its net income fell sharply from the same period last year as weak energy prices forced the company to substantially boost its loan-loss reserves.

CIT Group in Livingston, N.J., reported higher profits, boosted by gains from its acquisition of OneWest Bank.

UMB Financial in Kansas City, Mo., reported higher profits as loan growth from a recent acquisition helped offset ongoing declines in its advisory business.

Big banks began ceding market share to midsize and small subprime auto lenders, who they said were taking too many risks. Now prominent midsize player Santander Consumer is putting on the brakes and complaining about small, overly daring rivals. How bad a sign is that?

Shares of Valley National Bancorp. slumped Wednesday after the Wayne, N.J., company reported a first-quarter profit that fell short of analysts' expectations.

First-quarter net income at the $22 billion-asset company fell 6.4% to $69 million year over year and earnings per share fell 6.7% to 98 cents.

A $15 million gain from securities transactions and modest loan growth weren't enough to offset the impact of delinquent energy loans on Cullen/Frost Bankers' first-quarter profit.

Profits fell double digits at Santander Consumer USA Holdings in Dallas in connection with its exit from the personal loan business and other nagging issues.

The scramble to cut costs at State Street continues as the custody bank seeks to make up for declining fees and add revenue-generating businesses.

Trustmark in Jackson, Miss., said higher loan-loss provisions were largely to blame for a 7.4% year-over-year decline in its first-quarter profit.

Flagstar Bancorp in Troy, Mich., reported an increase in net income during the first quarter, mainly on higher interest income and a larger release of loan-loss reserves.