CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

Allegiance Bancshares Posts First Quarter Profit

April 26th, 2016
The Houston-based bank reported net income of $6.4 million. See the rest here: Allegiance Bancshares Posts First Quarter Profit
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The startup helping low-income students see the world

April 25th, 2016
Learning Afar gives low-income students the chance to travel abroad, building community and inspiring them to broaden their horizons. Read the original: The startup helping low-income students see the world
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The Ambition of a Human Resources-Driven Company

April 25th, 2016
Employees are driven by individual motivations, not just income and office perks. Read more from the original source: The Ambition of a Human Resources-Driven Company
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KeyCorp Reports Lower Q1 Earnings; Asset Quality Impacted by Oil & Gas

April 25th, 2016
KeyCorp reported Q1/16 net income from continuing operations of $182 million, down from $222 million in Q1/15. During Q1/16, Key incurred merger-related expense totaling $24 million See the rest here: KeyCorp Reports Lower Q1 Earnings; Asset Quality Impacted by Oil & Gas

Fifth Third Q1 Earnings Hurt by Energy Loan Related Provisioning

April 25th, 2016
Fifth Third Bancorp reported Q1/16 net income, after preferred dividends, was $312 million compared to $346 million in Q1/15. The following highlights were excerpted from the news release: Average commercial leases for the Q1/16 period end of $3,874 million was up 4% compared to $3,715 million at the end of the same period in 2015. Provision for Q1/16 loan and lease losses of $119 million was up 72% from $69 million in the same quarter one year earlier Continue reading ...