trending Market Intelligence /marketintelligence/en/news-insights/trending/QJJNsFoVp3DrCaoleKlHfQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Most community banks improve earnings YOY in Q3'19

Street Talk - Ep. 64: Coronavirus jumpstarts digital adoption

Street Talk Podcast

Street Talk - Ep. 63: Deal talks continue amid bank M&A freeze, setting up for strong Q4

Street Talk Podcast

Street Talk - Ep. 62: 'Brutal' outlook for oil demand offers banks in oil patch no relief

Amid Q1 APAC Fintech Funding Slump, Payment Companies Drove Investments


Most community banks improve earnings YOY in Q3'19

Fifty-eight banks with between $5 billion and $10 billion in total assets reported earnings as of Oct. 31. Of these, only 13 saw a decrease in earnings per share on a year-over-year basis.

The biggest drop in earnings was OFG Bancorp, a San Juan, Puerto Rico-based bank with $6.33 billion in total assets at Sept. 30. The company's banking unit, Oriental Bank, agreed to purchase Bank of Nova Scotia's Puerto Rico operations on June 26. The bank's provisioning was increased by a net $32 million, primarily from selling $95 million of unpaid principal balance nonperforming loans ahead of the deal closure, management said on the bank's third-quarter earnings call. The sale reduced the nonperforming loan rate by 145 basis points compared with the prior year.

The largest year-over-year improvement in EPS as of Nov. 1 was Irvine, Calif.-based Opus Bank, which improved EPS 128%. The bank's EPS was up 147.8% on a quarter-over-quarter basis. The bank recorded a negative provision for loan losses of $7.7 million in the quarter, which boosted net interest income after provisioning.

SNL Image