Citizens Private Bank Highlights Positive Fourth Quarter
Thanks to the performance of Citizens Bank’s private bank and its capital markets and wealth arms, the bank saw its net income reach $528 million, up 32 percent year-over-year.
Eastern Bank Responds to Activist Investor Comments
Executive Chair Bob Rivers didn’t directly address HoldCo’s threat of a proxy fight, but touted the bank’s rising share price, earnings, deposit market share and other metrics.
Economic Jitters Didn’t Deter Q2 C&I Growth at Eastern Bank
Eastern Bank executives said their institution turned in a strong second quarter despite economic jitters that caused many companies nationwide to pause investments.
Rockland Trust CEO: Now Aiming for Organic Growth, Not Mergers
Rockland Trust built its sizable position in the Eastern Massachusetts banking market on 20 years of successful acquisitions. But these days, it’s focused on demonstrating it can grow on its own.
JPMorgan Posts Strong Second Quarter Amid Tariff Warning
CEO Jamie Dimon noted that plenty of risks to the U.S. economy remain, including trade uncertainty, geopolitical conflicts and federal government deficits.
Eastern Bank Shifts Securities Portfolio
In its first-quarter earnings call, Eastern Bank executives reported they had repositioned the bank’s securities portfolio to begin the year.
Brookline Bank Continues to Shrink CRE Portfolio
Brookline Bank’s parent company continued to pull back its commercial real estate lending portfolio in the first quarter.
Berkshire Bank Sees Net Income Growth to Start 2025
Even with some economic turmoil to start the year, Berkshire Bank had a successful first quarter, seeing deposit and income growth.
Rockland Trust Ups Loan-Loss Provision Amid Office Turbulence
An increase in its set-aside for troubled loans as speculation grows about a possible recession saw Rockland Trust’s net income tick downwards in the first quarter.
M&T Ups Ratio of Money Set Aside for Troubled Loans
The bank still reduced the amount of money it’s set aside for loans going bad last quarter while also seeing both loans and deposits take a dip.
JPMorgan Nearly Doubles Provision for Loan Losses
JPMorgan’s net income rose 9 percent in the first quarter and the New York bank beat Wall Street’s profit and revenue targets, but its chief executive warned of global economic uncertainties ahead due to tariff chaos.
Brookline Bank’s Fourth Quarter Proves a Mixed Bag
The bank is in the process of forcing the sale of a downtown Boston office building for a residential conversion to remedy problems with a loan secured by the property.
Berkshire Bank Raises $100M to Support Brookline Merger
Berkshire Bank executive say the bank has raised $100 million in capital to support its upcoming merger with Brookline Bank.
Eastern Bank Won’t Rule Out a 2025 Merger
With the year 2025 already underway, Eastern Bank executives reflected on the Boston-based bank’s merger with Cambridge Trust last year – and said they were open to another deal this year.
Citizens Private Bank Hits $7B in Deposits
During its fourth-quarter earnings call, Citizens executives announced that the company’s private bank has grown to $7 billion in deposits.
Rockland Trust Reports $50M in Net Income
The increase in net income was largely attributable to growth in net interest income, a decrease in loan loss provision and a reduced tax rate compared to the prior quarter, the bank said.
Earnings Show Megabanks Thrived in Final Quarter of 2024
JPMorgan’s net income soared 50 percent to more than $14 billion in the fourth quarter as the bank’s profit and revenue easily beat Wall Street forecasts, and other major banks reported banner earnings for the year.
NBT Bank Sees Income and Deposit Growth in Third Quarter
NBT Bank made both deposit and income gains in the third quarter of 2024, partially a result of the acquisition of Western Massachusetts’ Salisbury Bank.
Eastern Bank Outperforms Merger Expectations
In its third-quarter earnings call, Eastern Bank highlighted how it had outperformed merger expectations now that the Cambridge Trust merger is in the rearview mirror.
Berkshire Bank Sees Gains in Third Quarter
The third quarter of 2024 was a successful one for Berkshire Bank as its net income increased $18 million year-over-year.
