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Northern Trust in Chicago reported slightly lower third-quarter profits, as an increase in fee-based income was offset by higher operating expenses.
October 22 -
PacWest Bancorp in Los Angeles reported higher quarterly earnings, driven by asset gains from a recent acquisition.
October 22 -
F.N.B. Corp., in Hermitage, Pa., reported higher quarterly earnings that reflected several recent acquisitions.
October 22
Texas Capital Bancshares in Dallas reported an
The $14.3 billion-asset bank earned $36.8 million, or 10% more than in the same period last year. Its diluted earnings per share were 78 cents, beating a Bloomberg analyst poll by two cents.
Strong performance in the bank's loan portfolio boosted earnings. Total loans grew 31%, to $13.5 billion.
Net interest income climbed 16%, to $125 million. The net interest margin dropped 44 basis points, to 3.77%, mostly because of lower loan yields and an increase in liquid assets.
Meanwhile, the bank increased its provision for bad loans by 30%, to $6.5 million.
Noninterest income held steady from a year earlier, at $10.4 million. Service-charge revenue increased, but was offset by lower swap fees.
Operating expenses rose 16%, to $71.9 million.
