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Chicopee Bancorp (CBNK) in Massachusetts said it expects to report a second-quarter loss due to a spike in its loan-loss provision.
July 11 -
The San Francisco bank posted strong growth in commercial loans in the second quarter, which may bode well for other banks that concentrate on business lending, but it wasn't enough to prevent questions about how Wells will be able to maintain its performance in the face of stepped-up competition from other lenders.
July 11
Wintrust Financial (WTFC) in Rosemont, Ill.,
The $18.9 billion-asset company said in a press release Monday that its second-quarter net income rose 12% from a year earlier, to $38.5 million, or 79 cents a share.
Net interest income rose 10%, to $149 million. The bank's net-interest margin increased by one basis point over the same period to 3.62%. Wintrust has been an active acquirer,
Noninterest income fell 16%, to $54.1 million. Total loans rose 8%, to $14 billion. The net interest margin widened by 12 basis points, to 3.62%.
Noninterest expenses increased by 4%, to $131 million.
The loan-loss provision fell by 57%, to $6.7 million. Net chargeoffs decreased by 64%, to $6.6 million.
"Our pipelines for both internal growth and external growth remain consistently strong," Edward Wehmer, Wintrust's president and chief executive, said in the release.
