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Zions Bancorp. in Salt Lake City reported a second-quarter loss after selling the remainder of its portfolio of collateralized debt obligations.
July 20 -
M&T, PNC, SunTrust and other regionals reported strong fee growth thanks to inroads they have made in investment banking, wealth management and other areas. It couldn't have come at a better time for them.
July 17 -
BancorpSouth in Tupelo, Miss., has again extended the deadline to complete its acquisitions of Central Community in Temple, Texas, and Ouachita Bancshares in Monroe, La.
July 1
BancorpSouth in Tupelo, Miss., reported higher second-quarter profit, as an increase in loan volume offset lower yields on loans and leases.
The $13.6 billion-asset company said net income rose 29% to $39.7 million, or 41 cents per share, from a year earlier. That was six cents higher than the average estimate of analysts polled by Bloomberg.
Net interest income rose 4.1% to $107.3 million. Total loans rose 7.5% to $10 billion. Loan and lease yields decreased 15 basis points to 4.23%. Deposits rose 4.4% to $11.1 billion. The net interest margin narrowed five basis points to 3.54%.
Noninterest income rose 6.4% to $74.3 million, as higher mortgage lending and insurance commissions offset lower deposit service charges.
Noninterest expense rose 0.2% to $128.2 million. The efficiency ratio improved by 324 basis points to 69.52%.
