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Click on individual bank names in the table below to access American Banker's coverage of each company's earnings report. Links to relevant coverage, filings, releases, and bank benchmark profile data can be found in the Related Links area of each article.
April 29
Sterling Bancshares Inc. in Houston reported a narrow loss Tuesday for what should be its last quarter before its sale to Comerica Inc.
The $5 billion-asset company posted a first-quarter loss of $370,000, compared with a $1.9 million gain in the fourth quarter and a $6.2 million loss a year earlier. Sterling's loan-loss provision of $10.8 million was double the fourth-quarter provision but less than half the year-earlier provision. Nonperforming assets rose 9% from the fourth quarter and 21% from a year earlier, to $185.7 million.
Total loans fell 6% from the fourth quarter and 16% from a year earlier, to $2.6 billion.
Comerica, of Dallas, is expected to close its deal to buy Sterling in the second quarter.
