Beacon Bank Deals with Troubled Boston Office Loan
With the merger that created Beacon Bank in the rearview mirror, the bank is looking ahead while dealing with its loan portfolio.
Eastern Bank Preparing for More Deposit Competition
Eastern Bank execs say the bank faces increasing competition for deposits from local banks in Massachusetts as larger competitors get more aggressive with pricing.
Needham Bank Sees Growth In First Quarter
With the merger between Needham Bank and BankProv in the rearview mirror, the bank’s top leader says he’s looking ahead.
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.
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.
Eastern Bank Predicts Cambridge Merger Will Close in Q3
Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.
M&T Keeps Cutting Exposure to CRE Lending
In its first earnings call after a major credit ratings agency downgraded its out look for the lender, M&T Bank announced progress in reducing its book of commercial real estate loans.
Big Banks Issue Mixed Profit Reports as JPMorgan Flags ‘Uncertain’ 2024
JPMorgan Chase continued to warn investors Friday that it expects a “uncertain” year for markets and the global economy, citing stubbornly high inflation and ongoing geopolitical tensions.
Mass. Bank Incomes Still Under Pressure from Interest Rates
While decreases in loan loss provisions helped Massachusetts banks bring in more net income in the first quarter, the net interest margin at these institutions continued to decline.
Eastern Sees Record Quarterly Earnings
Eastern Bank saw record earnings in the first quarter, its first full quarter since going public in October.
Berkshire Bank Continues To See Positive Earnings
Berkshire Bank continued to see positive earnings in the first quarter after experiencing losses in the first half of 2020.
Mass. Banks See Improvements in Credit Quality in Q1
Local banks continued to reduce the provision for loan losses in the first quarter in a sign that pandemic-related credit concerns continue to stabilize.
Cambridge Trust Increases Dividend 11 Percent
Cambridge Trust Co. had first quarter net income of nearly $13.5 million, or diluted earnings per share of $1.92, compared to fourth quarter net income of $13.01 million, or diluted earnings per share of $1.86.
Webster Bank Sees Q1 Earnings Increase
Webster Bank saw first quarter earnings increase almost 200 percent compared to the same quarter last year, when banks were responding to the start of the pandemic.
Hingham Institution for Savings Sees Earnings Increase
Hingham Institution for Savings continued to see its net interest margin increase in the first quarter as earnings went up more than 600 percent compared to the first quarter of 2020, when banks were responding to the start of the pandemic.
Century Bank Sees 11 Percent Earnings Increase
In the quarter that ended just before announcing its sale to Eastern Bank, Century Bank saw its earnings increase by more than 11 percent compared to the same quarter last year.
