Key insight: Elevated payoffs and paydowns in Flagstar’s commercial real estate portfolio were driving factors in the bank’s decision to lower its earnings guidance for 2026 and 2027. What’s at stake: The bank is trying to remix its loan portfolio as part of a turnaround that involves reducing its historically high concentration in commercial real […]
Flagstar pares back earnings outlook amid elevated CRE payoffs Read More »
Key insight: Citi’s fourth-quarter net income fell 13% year over year, in connection with its pending exit from Russia. What’s at stake: Overall, the New York-based megabank reported strong results for 2025, including full-year revenue of $85.2 billion, the highest annual total since Jane Fraser was named CEO in 2021. Forward look: The bank reaffirmed
Citi’s profits fall as it gets closer to exiting Russia Read More »
Key insight: Banks have been lending to nondepository financial institutions at a rapid pace, but the Trump administration’s approach to regulation could change their incentives. Supporting data: Lending to nonbank financial institutions accounted for about 40% of bank loan growth in 2025, though the category only represents about 13% of total bank loans. What’s at
Lending to nonbanks is booming. Will it last in 2026? Read More »
Key insight: The deal is expected to create a $23 billion-asset company with operations focused around New Jersey and New York. What’s at stake: OceanFirst is vowing to reduce its commercial real-estate concentration, which was already hefty and will grow larger following the completion of the Flushing transaction. Forward look: Warburg Pincus will make a
OceanFirst to buy Flushing Financial, raise $225M from Warburg Pincus Read More »
Key insight: Flagstar logged another quarterly loss, though one that was smaller than in earlier quarters this year. Supporting data: The bank’s third-quarter net loss was $45 million. Forward look: Observers are focused on when the Long Island bank, which was battling for its survival last year, will return to profitability. UPDATE: This article includes
Flagstar reports another net loss amid ongoing revamp Read More »
Key insight: Truist Financial reported third-quarter earnings Friday, with earnings per share that beat analysts’ estimates. Forward look: The regional bank expects full-year 2025 expenses to rise about 1% compared with the prior year. Supporting data: Wealth management fees rose 6.9% year over year. Truist Financial exceeded Wall Street expectations for third-quarter earnings, with a
Truist beats estimates, maintains 2025 guidance Read More »
Key Insight: Bank of America’s revised-up guidance for net interest income comes partly thanks to an improving macroeconomic environment. Supporting Data: BofA’s NII guidance for the fourth quarter is now $15.6 billion to $15.7 billion, up from $15.5 billion to $15.7 billion. Expert Quote: “As we’ve seen more certainty now around trade and tariffs …
Bank of America dials up outlook slightly after solid Q3 Read More »
Key insight: Citi is turning a corner on profitability, CEO Jane Fraser said. Forward look: The company plans to disclose future profitability metrics in May. Expert quote: “The best part is, there is much more upside ahead,” Fraser said. UPDATE: This article includes comments made during Citigroup’s earnings call as well as commentary from a
Citi’s makeover shows results, with more upside ahead: CEO Read More »
Key Insight: The deal marks the largest bank acquisition announcement of 2025, and Fifth Third’s first since 2019. What’s at Stake: Comerica had been facing calls from an activist investor to sell itself for months, though CEO Curt Farmer said that the external pressure wasn’t a factor. Supporting Data: When completed, the deal will create
Fifth Third’s Comerica deal: ‘The biggest thing we’ve ever done’ Read More »
Bing Guan/Bloomberg Flagstar Financial’s profitability challenges extended into yet another quarter, with the company reporting a net loss, though executives remain optimistic about a near-term financial turnaround. On Friday, the parent company of Flagstar Bank reported a second-quarter net loss of $70 million, or $0.19 per share, exceeding the consensus net loss estimate of $0.14
Flagstar’s losses shrink as bank looks toward profitability Read More »