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Banking earnings roundup: Making the most of the low-rate landscape

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Banking earnings roundup: Making the most of the low-rate landscape

SNL presents a daily snapshotof earnings for banks over $10 billion in assets. Click hereto read all of SNL's earnings coverage.

BankUnited Inc.reported second-quarternet income of $56.7 million, or 52 cents per share. That compares to $46.6 million,or 43 cents per share, for the second quarter of 2015.

The bank's executives said they are heeding regulators' warningsabout commercial real estate lending by being more selective in the space. BankUnitedmanagement also said that they could experience slower loan growth compared to thecompany's recent pace.

For more information,see: Kanas says BankUnited willslow loan growth as regulators warn about CRE

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Webster FinancialCorp. reportedearnings applicable to common shareholders of $48.4 million, or 53 cents per share,for the second quarter of 2016. That compares to $49.8 million, or 55 cents pershare, in the year-ago quarter.

Webster executives said that they aim to lower the bank's efficiencyratio to 60% by the end of 2016. Despite the challenging rate environment, CFO GlennMacInnes pointed out that the bank is looking at loan growth and focusing on feesto make the company more efficient.

For more information,see: Despite pressure from lowrates, Webster still targeting efficiency ratio improvement

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Signature Bankreported second-quarternet income of $102.2 million, or $1.90 per share. That compares to $90.5 million,or $1.77 per share, in last year's corresponding quarter.

Signature executives said they expect higher overall expensesin the last two quarters of 2016, compared to the same quarters of 2015. One factoris an increase in risk-management employees related to the bank's large concentrationof CRE loans and the potential the bank could cross the $50 billion asset thresholdin coming years.

For more information,see: Signature misses on taxiprovisioning, ramps up hiring for CRE, $50B compliance

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Fulton FinancialCorp. reportedsecond-quarter net income of $39.8 million, or 23 cents per share. That comparesto $36.7 million, or 21 cents per share, for the same quarter of 2015.

On a quarterly basis, Fulton expects low-single digital net interestmargin compression in the absence of further rate hikes, according to the company'sinvestor presentation.

For more information,see: Fulton Financial executivestalk NIM, market disruption

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M&T Bank Corp.reported second-quarternet income available to common shareholders of $313.0 million, or $1.98 per share.That compares to $263.5 million, or $1.98 per share, in the same quarter of 2015.

During the bank's earnings call, executives said that the low-rateenvironment put pressure on net interest margin, but that the of Hudson City Bancorp Inc. is eliminating costs and improvingefficiency. Strong commercial lending helped loans rise 3% annualized in the secondquarter of 2016, according to the bank's leaders.

For more information,see: M&T makes strides withHudson City deal, looks to defend NIM

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Northern Trust Corp.reported net income applicableto common stock of $254.9 million for the second quarter of 2016. That comparesto $263.4 million in the same quarter of 2015.

The bank's NIM for the second quarter was 1.16%, compared to1.00% in the same quarter of 2015.

For more information,see: Northern Trust defends CCARpayout ratios