Earnings
Earnings
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Freddie Mac said it earned enough in the second quarter to send a $2 billion dividend to the U.S. Treasury, but the press release announcing the company’s financial results includes new language suggesting uncertainty as to whether the payment will be made as scheduled.
August 1 -
Arch Capital Group's mortgage insurance business had second-quarter underwriting income of $184 million, up 343% from the $41.4 million for the same period last year.
July 27 -
The Salt Lake City company also benefited from increases in investment securities and several large loan recoveries during the quarter.
July 25 -
The New York company, which is preparing to buy Astoria Financial, reported year-over-year increases in commercial-and-industrial and commercial real estate loans.
July 25 -
The Michigan company had fewer gains from loan sales. It also reported an increase in noninterest expenses.
July 25 -
Double-digit growth in loan volume offset a decline in fee income at the Honolulu company.
July 24 -
It’s a very large number for any bank, but Bank of America executives said the move makes good economic sense and promotes relationship-building with customers.
July 21 -
Auto risks mounting. Mortgage market tightening. Are there any good risks these days in consumer lending? Regional bank executives insist partnerships with online lenders, unsecured personal loans and other niche efforts can work if done properly.
July 21 -
Increased dealings in direct consumer lending and guaranteed student loans offset a decline in mortgage-related income. A lower loan-loss provision also helped the bottom line.
July 21 -
The California lender, which specializes in trade finance, reported strong growth in commercial and other lending categories last quarter, and it urged the Trump administration to seek fair trade deals with China.
July 20 -
The Pittsburgh company, pleased with employee and client retention from its March purchase of Yadkin Financial, is looking to hire lenders from other institutions.
July 20 -
The regional bank reported an 8% gain in fee income and trimmed costs amid 1% loan growth.
July 20 -
The Buffalo, N.Y., bank also said commercial and consumer lending ticked up, while residential real estate fell during the second quarter.
July 19 -
The Illinois company has bought two banks and a small mortgage firm in the past year, which helped improve its second-quarter results.
July 19 -
Declines in commercial products and mortgage banking fees at the Minneapolis company offset some of the benefits of higher interest rates.
July 19 -
The Pennsylvania bank's mortgage performance contributed to stronger loan growth, fee income and profits.
July 18 -
The Georgia company made more loans and controlled costs. As a result, it had a 1% return on assets and an efficiency ratio below 60%.
July 18 -
Expenses also rose, as well as the provision for loan losses, but credit quality remained spotless at the lender to the wealthy.
July 14 -
On the first big day of 2Q results, bankers said their investments in middle-market lending have started paying off. JPMorgan Chase and PNC have added commercial loan officers in new markets across the country.
July 14 -
Walter Investment Management Corp.'s first-quarter net income included a $42 million after tax gain from the sale of Green Tree Insurance Agency.
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