Prosperity Bancshares (PB) is well-positioned for growth given strategic acquisitions, improving deposit mix and decent loan demand. However, contracting NIM and weak mortgage income are woes.
Prosperity Bancshares (PB) is well-positioned for growth given strategic acquisitions, improving deposit mix and decent loan demand. However, contracting NIM and weak mortgage income are woes.
WAFD is well-poised for growth amid high rates, decent loan demand and LBC acquisition. However, a rising expense base and worsening asset quality remain major challenges.
Citigroup (C) announces that it has closed the sale and migration of its onshore consumer wealth portfolio in China to HSBC. The divestment aligns with a strategy to exit consumer banking operations.
Old National (ONB), Fulton (FULT), FNB, WaFd (WAFD) and two other regional banks' ratings are on review for downgrade by Moody's due to concerns over CRE exposure.
Robinhood (HOOD) announces a plan to buy back up to $1 billion in shares over two to three years, starting from the third quarter of 2024.
Under BayCom's (BCML) ninth stock repurchase program, the company is authorized to buy back of 0.56 million shares.
WaFd (WAFD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
With an aim to lower exposure to U.S. office loans, Canadian Imperial (CM) signs deals with several buyers to offload loans worth $316 million at a discount.
WaFd (WAFD) is selling 2,000 commercial multi-family real estate loans to Bank of America for $2.9 billion.
WAFD announces a new share repurchase plan. Under this, it is authorized to buy back up to 10 million shares.
High rates, steady loan demand, the buyout of Luther Burbank, a robust balance sheet and decent liquidity are likely to support WAFD, while poor asset quality and elevated expenses remain woes.
East West Bancorp's (EWBC) first-quarter earnings beat estimates on the back of higher non-interest income and deposit balance. However, lower NII and high costs and provisions turn out to be headwinds.