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Robust growth in net interest income, combined with a lower provision for loan losses, helped boost Webster Financial Corp.'s profits to a record $62.4 million in the third quarter, 26% higher than a year earlier.
October 19 -
The New York bank's total loans rose 8% to $31 billion from a mix of commercial real estate and specialty finance credits.
October 19 -
Net income for the Oregon regional bank was $61.3 million, a slight decline from the same quarter last year. It earned 28 cents per share and fell short of analysts’ expectations,
October 19 -
The company, which plans to change its name to Hancock Whitney next year, reported increased profit that reflected balance sheet growth.
October 18 -
TD Bank has pledged $3 million to provide credit counseling to small-business owners. The hope is that those owners will use commercial loans to replace personal credit cards and home equity as their primary forms of business funding.
October 17 -
The San Francisco bank hopes to win middle-market business from its new commercial offices in Cleveland and Dallas.
October 16 -
The Tennessee company reported 6% growth in loans, which included strong C&I and CRE grains. However, revenue shrank thanks partly to a steep falloff in fixed-income fees.
October 14 -
Efforts to make it easier for small businesses to apply for SBA loans, coupled with key community banks' outreach initiatives, contributed to the third consecutive record for 7(a) lending, but credit union participation is still lagging.
October 13 -
Regions Financial's chief credit officer is leading a transformation in the way the company manages risk in its loan portfolio.
October 13 -
What's more important than which job you take? Which company you work for. That is one of the lessons Huntington’s Mary Navarro learned in her 42 years in banking.
October 12