Patriot Bank Remains Profitable in Q4, Despite Issues With Regulators, Bad Loans
Despite a bad loan and problems with federal regulators, the parent company of Stamford-based Patriot Bank managed to have a profitable fourth quarter of 2018.
United Bank to Focus on CRE and Expense Reduction in 2019
The parent company of Hartford-based United Bank will focus on keeping expenses in check and growing its commercial real estate portfolio in 2019.
Berkshire Bank Q4 Earnings Slow Thanks to CEO Transition, Technology Changes
In his first earnings call as new CEO of Berkshire Bank, Richard Marotta stuck to the numbers, kept on point and spoke very little of the leadership transition that saw longtime CEO Michael Daly leave under controversial circumstances.
Commercial Lending, HSA Drive Strong Q4 at Webster Bank
Strong commercial lending and a surge of new health savings accounts helped drive growth at the parent company of Webster Bank.
Bankwell Bank Parent Has Profitable Q3 Amid Minimal Growth
Growth at the parent company of New Canaan-based Bankwell Bank was minimal in the third quarter, as the company reported net income of $4.9 million, or $0.62 per share, compared to $4.3 million or $0.55 per share for the same period in 2017.
United Bank’s Growth Fails to Meet Expectations
Competitive pricing continued to slow growth at the parent company of Hartford-based United Bank in the third quarter of 2018.
HSA Progress, C&I Drives Profitable Q3 for Webster Bank
Strong growth in commercial and industrial loans and health savings accounts continued to bear dividends for the parent company of Webster Bank, which reported a profitable third quarter.
STUDY: Americans Focusing on Debt Reduction as Debt Climbs
More than half of Americans are placing debt reduction as their top priority this year.
U.S. Household Debt Hits New Highs in Q2
Total household debt hit new highs in the second quarter of the year and has now increased for 16 consecutive quarters.
Consumer Credit Slows in June
The growth of consumer spending slowed in June, coming in under projections of economists, according to recent data from the Federal Reserve.
Farmington Bank Parent Reports Solid Profits in Q2 Ahead of Acquisitions
The parent of Farmington Bank had solid profits in the second quarter as it prepares to be acquired.
United Bank Parent’s Profits Slow Slightly as Company Grows
Profits at the parent company of Hartford-based United Bank slowed in the second quarter due to unforeseen expenses, but growth is shaping up solid for the rest of the year.
Strategic Investments by Webster Bank Start to Pay Dividends in Q2
Long-term strategic investments helped Webster Bank to a strong second quarter, even as the company continued to see fierce competition from nonbank lenders in commercial real estate.
Berkshire Bank Parent Continues to Grow in Competitive Environment
The parent company of Berkshire Bank continued to grow loans and deposits at a healthy clip during a time of deposit competition and spread compression.
U.S. Retail Sales Grow in June
U.S. retail sales for the month of June were $506.8 billion, an increase of 0.5 percent from the prior month and up 6.6 percent year-over-year, according to the Census Bureau.
Auto Sales Increase in June, but Risk of Slowdown Remains
The auto industry had a strong month in June as consumers continued to purchase light trucks at a high clip. The seasonally adjusted sales rate for June was 17.47 million, up from 16.72 million one year ago.
Bankwell Bank Sees Increase in Non-Performing Loans and Efficiency Ratio in Q1
The parent company of New Canaan-based Bankwell Bank saw a solid increase on profits in the first quarter, but also reported an unexpected increase in its efficiency ratio and in non-performing loans.
With Commerce Bank Integrated, Berkshire Bank’s Parent Is Ready to Focus on Profitability
With the completed conversion and systems integration of Commerce Bank, Berkshire Bank is ready to push profitability at the now $11.5-billion asset company.
Despite Strong Q1 at Webster Bank Parent, Investors Probe HSA Slow Down
The parent company of Waterbury-based Webster Bank reported strong profits and growth in the first quarter of 2018, but that didn’t stop investors from pressing executives about the slow down in growth of health savings accounts, a core part of the bank’s business.
After Profitable Quarter, United Bank to Take More Conservative Approach
The parent company of Hartford-based United Bank reported strong profits in the first quarter of 2018, but is planning to take a more conservative approach for the rest of the year due to compressed credit spreads and a lower margin.
