Banking — page 3
Coliseum Capital Management takes stake in Sonos
The investment firm is monitoring the audio company's operations and strategic matters for potential extraordinary transactions.
BIS July Papers Trace How Financial Risk Travels
Six new BIS working papers this month examine how stress moves between sovereigns, banks, non-banks, currencies and firms.
Provident Financial's NIM Widens as Reserve Cushion Thins
Provident Financial Services (PFS) posted record net interest income of $202.7 million as its net interest margin expanded 8 bps to 3.48%, even as reserve coverage of non-performing loans fell to 134.87% from 235.61% at year-end.
Axos Loan Growth Slows, Deposits Jump on Jenius Deal, Credit Costs Ease
Net interest income rose 13.5% to $317.9 million at Axos Financial (AX) even as loan growth decelerated for a third straight quarter and CET1 slipped to 11.76%.
Santander, SocGen Both Lean on Disposals to Move the Numbers
Portfolio sales, not underlying business performance, drove the one-off capital and cost moves at both reporting global systemic banks this quarter.
Seacoast Banking Posts Record Loan Growth, Wider Core Margin
Seacoast Banking Corp of Florida reported second-quarter net income of $59.5 million, or $0.55 a share, up 87% from the first quarter as a securities-repositioning charge fell out of the base.
Merchants Bancorp Profit Doubles as Credit Losses Recede
Merchants Bancorp posted net income of $78.3 million in the second quarter, up 106% from a year earlier as provisions for credit losses fell 83%.
First Busey's Margin Cools as Deposits Surge, Buybacks Widen
First Busey's adjusted net interest margin slipped 2 basis points to 3.62% in the second quarter even as deposits grew at an 11% annualized clip and the bank leaned harder into share repurchases.
Elevance Health Insiders Lead Weekly Buying Clusters
Concentrated open-market purchases emerged across six companies, led by a $1.4 million commitment at Elevance Health.
S&T Bancorp Profit Climbs as Loan Growth Offsets Deposit Runoff
S&T Bancorp (STBA) posted second-quarter net income of $36.6 million, or $1.02 a share, up 8.5% from the prior quarter as commercial lending expanded and margins widened.
Greene County Bancorp's Margin Widens to 2.86% as Loans Outrun Deposits
Net interest margin expanded 49 basis points to 2.86% at Greene County Bancorp, powering a third straight quarter of record net income even as deposit growth slowed to 2.8%.
Flagstar Ends Margin Expansion as Commercial Loans Grow
Net interest margin slipped 2 bps to 2.13% as lower asset yields outweighed cheaper funding.
Customers Bancorp Flags Second-Quarter NIM Trough
Net interest margin, tax equivalent, fell to 3.17% as the company said the quarter is expected to mark the low before a rebound to roughly first-quarter levels in the third quarter.
Volume Growth Carries Global Systemic Banks, Costs Split
Balance growth lifted eight of the season's eleven reporting global systemic banks, while a smaller cluster wrestled with rising costs and normalizing credit in the same breath.
QCR Holdings' LIHTC Pipeline Drives Fee Income as Balance Sheet Shrinks
QCR Holdings (QCRH) generated $26.1 million in capital markets revenue for the first half of 2026 even as total loans held near $7.0 billion following planned runoff and a wave of LIHTC securitizations.
Old National's Margin Pressure Eases as Loan Growth Reaccelerates
Old National Bancorp (ONB) held net interest margin nearly flat at 3.54% in the second quarter while period-end loans grew 8.3% annualized to $50.8 billion.
Huntington Grows Loans as Deposit Costs Pinch Margin
Net interest income rose 9% QoQ to $2.052 billion as loan growth outweighed modestly higher funding costs.
Fulton Financial's Margin Holds Up as Blue Foundry Deal Closes
Fulton Financial (FULT) grew net interest income to $284.3 million in the second quarter as the Blue Foundry Bancorp acquisition padded loan and deposit totals while organic commercial lending kept softening.
First Citizens Reverses First-Quarter Net Interest Income Drop
Net interest income rose $35 million to $1.66 billion in the second quarter after an $101 million sequential decline in the first quarter.
First BanCorp. Originations Reach $1.7 Billion as Loans Grow
Net interest margin widened 12 bps to 4.87% as Puerto Rico refinancings and securities redeployment lifted net interest income to $229.1 million.
Passive Ownership Shifts in Index Holdings
Recent data shows significant changes in the share of reported holdings held by passive funds.
Northern Trust Raises Dividend as Net Interest Income Climbs
The custody-and-asset-management franchise reported a 1.81% net interest margin and a 10% increase to its quarterly dividend.
SEC Presses Insurers and GM to Strip Non-GAAP Cushioning
Staff comment letters in June pushed Prudential to abandon a flagship adjusted-earnings metric and forced General Motors to simplify segment math, part of a broader crackdown on non-GAAP presentation.
KeyCorp Lifts Interest Income as Margin Gains Slow
Taxable-equivalent net interest income rose 2.3% sequentially to $1.258 billion.
Ally's Margin Widens as Auto Mix Shifts Toward Safer, Lower-Yield Loans
Net interest margin excluding core OID expanded 11 basis points to 3.63% in the second quarter as Ally Financial (ALLY) leaned harder into higher-credit-tier auto originations even as retail deposits shrank $2.6 billion.
Zions' Margin Holds at 3.27% as Credit Costs Collapse and Buybacks Resume
Zions Bancorporation (ZION) grew net interest income 4% YoY to $677 million in the second quarter as loan growth accelerated to an 8% annualized pace and the CET1 ratio climbed to an estimated 11.8%.
Bok Financial Net Income Rises to $176.5 Million
The regional bank reported a net income of $176.5 million for the second quarter of 2026.
Netskope and Gloo Lead Weekly Insider Buying Clusters
Six companies saw coordinated open-market purchases by executives and directors this week.
WaFd Holds Margin as Credit Provision Climbs
Net interest income rose 2% QoQ to $181.3 million as funding costs eased.
Regions Financial Loan Growth Accelerates as Deposit Costs Keep Falling
Regions Financial (RF) grew net interest income 2.3% to $1,277 million in the second quarter as average loans posted their fastest sequential growth in five quarters, even as net interest margin slipped 1 basis point to 3.66%.
Fifth Third Net Interest Income Rises 48% on Comerica Integration
Net interest margin expanded 24 basis points year-over-year to 3.36% as the bank integrated its latest acquisition.
Europe's Bank Margins Diverge as Returns Climb, Capital Slips
Europe's biggest banks are pulling in opposite directions on income and returns even as capital ratios thin out from Tokyo to Wall Street.
Hard Assets Draw Capital as Financing Costs Stay High
Long-duration property and infrastructure contracts are attracting fresh capital, while lenders are demanding rich returns and stronger collateral.
Citizens Sequential Fee Growth Rebounds After a First-Quarter Dip
Pre-provision net revenue reached $889 million as sequential NII growth accelerated to 4.4% and Capital Markets and Wealth fees hit records.
M&T Bank Net Interest Income Rises on Loan Growth
Taxable-equivalent net interest income increased 2% quarter-over-quarter to $1,804 million
First Horizon NIM Dips as Deposit Costs Rise
Net interest margin fell 3 bps to 3.49% in the second quarter as brokered deposit costs climbed.
First Bancorp NIM Expands 42 bps YoY as Deposit Costs Fall
The North Carolina community lender's net interest margin widened to 3.67% in the first quarter, its fifth consecutive quarterly expansion, as deposit costs dropped 18 basis points year over year.
Citigroup's Five Businesses All Grow Loans as Services Hits Record 30.9% RoTCE
Citigroup's net interest income rose 13% year over year in the second quarter as loan growth accelerated across every business line and Services delivered a record $6.4 billion in revenue.
BNY's NIM Streak Hits Fourth Quarter as Deposits Dip and Buybacks Accelerate
Net interest margin at Bank of New York Mellon expanded for a fourth straight quarter to 1.45%, even as average deposits fell for the first time in five quarters and share repurchases rose to $1.1 billion.
Lynrock Lake LP Secures Board Seat at Yext
The investor is transitioning its reporting status as Ms. Paul joins the board of directors.
Wells Fargo Loan Growth Outpaces NIM Erosion as Fee Income Surges
Wells Fargo & Company (WFC) grew average loans 12% year over year to $1,026.5 billion even as its net interest margin compressed to 2.43%, while noninterest income jumped 13% on capital-markets strength.
JPMorgan Chase Markets Revenue Surges as Investment Banking Rebounds
Net interest income rose 10% year-over-year to $25.6 billion in the second quarter.
Bank of America Revenue Growth Accelerates to 15%
Second-quarter revenue reached $31.6 billion, up 15% from a year earlier, as operating leverage widened to 6.6% and Global Markets sales and trading hit a 17th straight year-over-year gain.
Gary Friedman reduces RH stake
The RH executive sold shares to fund personal residence improvements and debt repayment.
First Hawaiian to Buy TriCo in All-Stock Deal
The combined Pacific bank is expected to have about $34 billion of assets, with TriCo shareholders receiving 2.095 First Hawaiian shares, or $63.12 a share.
First Hawaiian's NIM Hits Five-Quarter High as TriCo Deal Reshapes Footprint
Net interest margin expanded 6 basis points to 3.25%, the strongest in five quarters, as the Hawaii lender agreed to acquire TriCo Bancshares in a $63.12-a-share all-stock deal.
Cerberus Shuffles Board Seats at Eos Energy
The private-equity firm replaces one director with another at the battery maker, exercising its rights as a major preferred shareholder.
Simon Property Group Directors Lead Weekly Buying Surge
A concentrated wave of director-level purchasing at Simon Property Group anchors a week of broad insider conviction.
HSBC, BNY Lead RoTE Surge as G-SIB Capital Ratios Split
A four-bank cluster is pushing returns higher across three straight periods even as capital buffers move in opposite directions across the same panel.
Divergent Credit Loss Trends Hit Global Banking Reserves
HSBC expanded its expected credit loss allowance while Bank of America and UBS saw reserves contract.