Ameriserv Financial saw its profits grow by more than 60% in 2025, despite its mortgage business taking a hit. Processing Content The company reported net income of $5.6 million for the year ended Dec. 31, up 61.9% from the year prior, while mortgage banking revenue decreased by $120,000, or 39.5%, resulting from diminished residential mortgage […]
Ameriserv posts strong Q4 despite slower mortgage business Read More »
Forward look: Wells Fargo is projecting $50 billion in 2026 net interest income, a 5% increase over the 2025 result. Expert quote: “The cash flow, the spending levels, the credit performance has all been quite good so far.” — Chief Financial Officer Mike Santomassimo, commenting on Wells’ consumer results Supporting data: Wells’ total assets reached
Strong consumer results push Wells Fargo profits higher 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: Bank of America’s earnings narrowly surpassed Wall Street’s expectations in the fourth quarter of 2025. Supporting Data: BofA’s earnings per share reached $0.98 in last year’s final quarter, edging past analysts’ estimates of $0.96, according to S&P. Expert Quote: “While any number of risks continue, we are bullish on the U.S. economy in
Bank of America inches past estimates, buoyed by net interest income Read More »
Mortgage originations for JPMorgan Chase were “modestly” over what analysts expected, but even with the increase in the retail channel share, gain on sale was down. Processing Content This is an early downbeat sign for the independent mortgage banking community, a report from Keefe, Bruyette & Woods indicates. Chase is the first large bank to
JPM’s 4Q gain-on-sale drop off a negative sign for IMBs Read More »
Fitch Ratings says its 2025 review of nonbank mortgage lenders reflects how the biggest players have strengthened their franchises during three years of consolidation. Processing Content “The largely stable outlooks reflect Fitch’s expectation that the operating environment will improve moderately and financial metrics will remain within rating sensitivities,” the report said It cited Inside Mortgage
Fitch flags rising leverage across nonbank lenders Read More »
For Toll Brothers, whose enviable core customers are ones whose financial wherewithal effectively shields them from worries about high prices and high interest rates, the question is not “can they buy?” It’s will they? And will they buy now? “America’s Luxury Homebuilder” continues to rely on its move-up, active adult, and luxury segments — and
Toll Brothers leans on luxury to navigate homebuilding’s headwinds Read More »
Rithm, Rocket and Dynex are BTIG’s favorite mortgage stocks heading into 2026 following a strong year for the industry’s publicly traded companies in general, driven by an accommodative Federal Reserve policy. That allowed industry stocks to rebound after the “Liberation Day” tariff announcements in April. “We expect earnings and stock valuations across the mortgage sector
Rocket, Rithm and Dynex are BTIG’s favorite mortgage stocks Read More »
While gain on sale margins for mortgage lenders were at least stable, if not improved, in the third quarter compared to prior periods, that did not necessarily translate to improved profitability, separate reports from Morningstar DBRS and Boston Consulting Group revealed. The Morningstar report looked only at independent mortgage bankers, and the group it pulled
IMBs gain on sale is up, profitability isn’t Read More »
As major builders like D.R. Horton and Tri Pointe Homes trim new home starts to protect margins, Beazer Homes is taking a page out of Lennar’s playbook. Beazer’s Q4 earnings call reveals a builder determined to sustain a robust sales pace, even as it navigates a lower-margin reality driven by a spec-heavy approach and increased
Beazer Homes shifts to move-up buyers, bets on energy efficiency Read More »