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UMB Financial in Kansas City, Mo., reported higher quarterly profit on strong commercial lending.
October 29 -
The $6.4 billion-asset bank said in a press release Tuesday that it has struck a deal with Aperture Media Partners, a film financing company in Los Angeles, to provide loans to the entertainment industry.
October 28 -
First Citizens BancShares in Raleigh, N.C. reported a significant decline in quarterly earnings due to a higher loan-loss provision and increased operating costs.
October 28
EverBank Financial in Jacksonville, Fla.,
The $20.5 billion-asset company's profit rose 31% from a year earlier, to $43.5 million. Earnings per share of 33 cents a share beat the average estimate of analysts polled by Bloomberg by 2 cents.
Net interest income rose 5%, to $146.3 million. Total loans rose 32%, to $16.6 billion, because of a 30% increase in residential loans. The net interest margin compressed by 15 basis points, to 3.02%.
Higher interest income offset lower fee revenue. Noninterest income fell 39%, to $88.2 million, tied to Everbank's sale of default loan servicing assets to Green Tree Servicing in May.
Operating expenses fell 30%, to $157.8 million.
