Performance reports

While rising rates may temporarily improve net interest margin and profits, they will not increase bank stock prices for at least three reasons.

Trustmark in Jackson, Miss., reported a dip in second-quarter earnings on shrinking profit margins and declining yields on earning assets.

ASB Bancorp in Asheville, N.C., is facing a potential proxy fight from New Jersey activist investor Lawrence Seidman.

CIT Group in New York reported lower second-quarter profit, as higher expenses and a drop in fee income offset loan growth. The sale of a student-loan business last year partly skewed the results.

FirstMerit in Akron, Ohio, reported lower second-quarter profit on shrinking interest and fee income, despite successful cost-cutting measures.

Fair-value accounting and merger costs took big bites out of Western Alliance Bancorp. in Phoenix last quarter.

Bank of Hawaii in Honolulu reported slightly lower second-quarter profits as expanded lending and mortgage banking was offset by higher payroll costs and other expenses.

Old National Bancorp in Evansville, Ind., reported higher second-quarter profit as a result of recent acquisitions and on better fee income.

Andrea Smith, Bank of America's head of human resources, will eventually take control of the bank's stress test submissions. That assignment, part of her elevation to chief administrative officer, has sparked concerns about whether a human resources executive can handle a job normally given to a chief risk officer or chief financial officer.

South State in Columbia, S.C., reported higher second-quarter profit on improved levels of efficiency and a decline in merger-related expenses.

"Stay tuned" for the Houston bank's first deal since April 2014, CEO David Zalman tells investors.

Glacier Bancorp in Kalispell, Mont., reported higher second-quarter profit from growth in both lending and fee-based services.

First Niagara Financial Group in Buffalo, N.Y., reported lower second-quarter profit as the cost of technology improvements and lower securities yields offset loan growth.

BankUnited in Miami Lakes, Fla., reported a decline in second-quarter profit as increased costs from its Federal Deposit Insurance Corp. indemnification asset offset a sharp uptick in new lending.

The $36.8 billion-asset bank earned $597.5 million in the second quarter, compared to a loss of $511.3 million a year earlier. Earnings per share were $5.80.

Astoria Financial in Lake Success, N.Y., reported a 40% increase in second-quarter earnings as stronger fee income from mortgages helped it overcome a considerable shrinkage in loans.

Hancock Holding in Gulfport, Miss., reported lower second-quarter profit, citing higher incentive pay for employees and lower yields on both loans and securities.

City National Bank in Los Angeles said Thursday that its second-quarter profit rose 5% from the same period last year, driven by heavier demand for commercial loans.

National Penn Bancshares in Allentown, Pa., said its second-quarter profit improved as increased real estate lending offset higher expenses.

F.N.B. in Pittsburgh reported higher second-quarter profit as it booked more commercial real estate and business loans.