As Potential Rate Cuts Loom, Banks’ Waiting Game Begins
An end to successive quarters of profit margin compression at local banks could be near, thanks to an expected interest rate cut that opens the door to reduced deposit expenses.
S&P Sees Lower Bank Margins Ahead as High Deposit Costs Persist
U.S. banks increased deposit costs in the second quarter to protect core funding and have seen slowed deposit outflows, but that “defensive posture” and its lower net interest margins are likely to continue in the coming years
Hingham Institution for Savings Saw 2022 Earnings Fall 44 Percent
Hingham Institution for Savings saw full-year earnings fall 44 percent in 2022 as its net interest margin continued to decrease.
Survey: Margins, Cybersecurity Among Bankers’ Top Concerns
The newest Conference of State Banking Supervisors’ survey shows the stagnating economy is weighing on community bankers’ minds.
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.
Hingham Institution for Savings Saw Earnings Grow 30 Percent
Hingham Institution for Savings saw its earnings increase by 50 percent in the fourth quarter and 30 percent for the year, as the bank saw its net interest margin rise during the year.
