Banker & Tradesman’s Editorial Cartoon: We’re Gonna Need a Bigger Vault
Quint, Brody, and Hooper have nothing on the executives at People’s United Bank this quarter.
Profits at Eastern Bank Swell in 2018
Eastern Bank reported another very profitable year, reporting annual earnings in 2018 that exceeded those of similarly-sized peers such as Berkshire Bank and Rockland Trust.
New Boston Private CEO Says Company Has ‘Receptivity’ for Change
Under the rein of former CEO Clay Deutsch, Boston Private and its parent company went through a great deal of change, as the company refocused its wealth management and private banking segments.
Boston Properties Misses Profitability Expectations in Q4
Boston Properties Inc. on Tuesday reported a key measure of profitability in its fourth quarter. The results did not meet Wall Street expectations.
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 depart 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.
Rockland Trust Continues to Fill in Footprint in Key Areas
Rockland Trust continues to fill in holes in its growing franchise, making successful gains in the Boston, Worcester and Cape Cod markets.
Century Bank Reports Record Earnings for 2018 While Nonperforming Assets Rise
The parent company of Medford-based Century Bank had record earnings for the year of 2018.
MA CUs Show Solid Performance in Q4, but Flat Membership Growth
Credit unions in Massachusetts continued to perform well in the fourth quarter of 2017, but showed zero growth and potentially even losses in membership.
Belmont Savings Bank Parent Continues Healthy Growth
Despite a one time $2.63 million write down as a result of tax reform, Belmont Savings Bank’s parent company reported strong annual earnings and growth.
Cambridge Trust Moves to Bulk up Wealth Management and Private Banking
Cambridge Bancorp, the holding company for Cambridge Trust, reported $14.8 million in net income, a decrease of 12.3 percent compared to last year, after taking a nearly $4 million write down due to tax reform.
Westfield Bank Parent Reports Solid Annual Earnings, but Slow Growth
A $4 million write down as a result of tax reform wiped out profits for Westfield Bank’s parent company in the fourth quarter of 2017 after a year of slow growth.
Blue Hills Bank Parent Sees Strong Growth Due to Commercial Real Estate
Absent a fourth quarter that involved tax reform and pension settlement write downs, the parent company of Blue Hills Bank had a strong year driven by commercial real estate growth.
Mortgage Business Declines, Commercial Business Thrives at HarborOne Parent
The parent company of HarborOne Bank reported smaller profits in the fourth quarter of 2017, mainly due to continuing declines in mortgage originations, but greatly increased its profits on the year thanks to a robust commercial real estate portfolio.
Enterprise Bank Parent’s Margin Remains Strong, Company Reports Modest Gains
Enterprise Bank’s parent company reported net income of $19.4 million for 2017, an increase of $642,000 from 2016.
Berkshire Bank Parent Company Posts Loss in Q4
The parent company of Berkshire Bank reported a $2.8 million loss in the fourth quarter of 2017 after a $21 million write down on its deferred tax assets.
United Bank Parent Preparing to Add Branches to Boost Deposits
United Financial Bancorp, the parent company of Hartford-based United Bank, is planning to open more de novo branches in in 2018 in order to bring in more deposits to keep up with the bank’s loan growth.
Webster Bank on Pace to Hit $1B in New Deposits in Boston Market
Webster Bank’s plunge into the Boston market is continuing to prove fruitful for the $26.5 billion asset institution.
Despite Expenses, EBSB Parent Company Continues to Grow and Expand
Despite expenses related to tax reform and merger costs, the parent company of East Boston Savings Bank escaped 2017 with positive net income in the fourth quarter and strong growth on the year.
Rockland Trust CEO Still Hungry for Acquisition
Despite an additional tax expense of $2.37 million due to the new tax reform law, the parent company of Rockland Trust did not miss a beat in the fourth quarter of 2017.
