BOK Financial reported second-quarter net income of $163.7 million, up from $83.7 million in the prior quarter, though the company’s bottom line was favorably impacted by its sale of 50% of its stock in the payments giant Visa.Igor Golovniov/Игорь Головнёв – st BOK Financial in Tulsa, Oklahoma, continued to drive steady loan growth in the
Huntington Bancshares’ second-quarter average loans were up 1% from the first quarter and 2% from the second quarter of 2023. Average deposits rose by 2% from the first quarter and 6% from their June 30, 2023, level.Adobe Stock This is a developing story. Please check back for updates. Huntington Bancshares reported a $474 million second-quarter
Space for rent inside of the Penn 2 building in New York City in May 2024. Vornado Realty Trust paused parts of its massive redevelopment plan to remake Penn Station last year after high interest rates and the shift to working from home triggered a crisis in the commercial real estate market.Stephanie Keith/Bloomberg While banks’
For all the fretting over office building loans at banks, relatively few observers are worrying about the growing strain among business borrowers. The stress is nowhere close to Great Recession levels, but it’s nonetheless risen quickly as businesses struggle to keep up with inflation and higher interest rates. Business bankruptcies are up, suggesting that banks
These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities. Subsequent changes in holdings or intentions must be reported in amended filings. This material is from June 6 through June 12, 2024. Source:
New York Community Bancorp’s stock price slid 6% Wednesday as investors digested news of its pullback from the mortgage warehouse sector, where it is the second largest bank lender to nonbank mortgage companies. It was unclear whether the Long Island-based bank is fully exiting the sector — or merely selling its $5 billion loan portfolio