Revenue and expenses

The Massachusetts-based institution has paid out over $10 million to its members since 1996.

Utilizing AI and automation will help stop hackers and reduce repetitive jobs, allowing institutions to save money and reinvest more into products for members.

The Indiana-based institution has increased its starting pay for the last three years.

The Minnesota-based institution expects to $10,000 per month by switching its core systems.

This will be the 10th consecutive special patronage dividend that the Ohio institution has paid out to members.

The credit union also reported increases in loans and membership.

The federal regulator cited recent “cost savings” and promising projections for costs and revenue next year in announcing the reduction in assessments.

The Cleveland bank gave details on a program for trimming 5% in expenses next year in order to ensure its efficiency ratio goals are met.

The Minneapolis company said in an email to American Banker that it would reduce its headcount by approximately 1%, or about 740 positions, across the company.

The company said it is trying to improve shareholder returns as rising rates cut into its net interest margin.

The North Carolina company reported slightly lower costs and a stable net interest margin in the third quarter.

The Connecticut company also reported modest loan growth and a greatly improved net interest margin.

Executives are reluctant to pull back on their big investments in technology, arguing they must stay competitive and that they have flexibility in other areas to trim costs if growth begins to stagnate.

Barred by regulators from adding assets for at least another six months, the bank has only one main lever to pull to boost returns.

A tempered forecast overshadowed solid second-quarter results at the North Carolina regional bank.

Declines in corporate banking and energy loans were part of the reason loan growth was light, but the Dallas bank reported strong earnings thanks heavily to fatter margins.

The regional bank's move is part of an industrywide transformation of call centers and operations centers to handle more complex tasks and trim costs.

Northwest Bancshares in Pennsylvania, which built a reputation as an active acquirer, is taking a step back under Ronald Seiffert to evaluate ways to grow without M&A.

The Seattle company is firing 127 people, or a tenth of its mortgage staff, after enduring months of slow activity.

The company, which reported a slight decline in loans, lowered its expenses during the first quarter.