Banking companies report second-quarter results

Three area banking companies whose stock is publicly traded reported second-quarter net income that was lower than a year ago.

The parent companies of Regions Bank, Commerce Bank and First Financial Bank all reported drops in second-quarter income, compared with a year earlier.

All those companies also reported drops in diluted earnings per share, as did Old National Bank's parent.

Here's a roundup of second-quarter results from 10 area banking companies whose stock is publicly traded:

— JPMorganChase, the New York-based parent of Chase, had net income of $6.5 billion, up from $4.9 billion a year earlier. Diluted earnings were $1.60 a share, up from $1.21 a share. Loan volume was almost even with a year earlier.

— PNC Financial Services Group, the Pittsburgh-based parent of PNC Bank, reported net income of $1.12 billion, up from $546 million a year earlier. Diluted earnings were $1.99 a share, up from 98 cents a share. Loan volume was up 5 percent from a year earlier.

— Regions Financial, the Birmingham, Ala.-based parent of Regions Bank, had net income of $267 million, down from $355 million in the second quarter of 2012. Earnings were 18 cents a share, down from 20 cents a share. Loan volume was down 1.6 percent from a year earlier.

— Commerce Bancshares, the Kansas City, Mo.-based parent of Commerce Bank, reported net income of $65.8 million, down from $70.7 million a year earlier. Diluted earnings were 72 cents a share, down from 76 cents a share. Loan volume was up 10.6 percent from a year earlier.

— Old National Bancorp, the Evansville, Ind.-based parent of Old National Bank, had net income of $28.5 million, up from $27.2 million a year earlier. Diluted earnings were 28 cents a share, down from 29 cents a share.

— First Midwest Bancorp, the Itasca-based parent of First Midwest Bank, reported net income of $16.2 million, up sharply from $6.4 million a year earlier. Diluted earnings were 22 cents a share, up from 9 cents a share. Loan volume was down 1.2 percent from a year earlier.

— First Busey Corp., the Champaign-based parent of Busey Bank, had net income of $7.44 million, up from $4.89 million a year earlier. Diluted earnings were 8 cents a share, up from 5 cents a share. Loan volume was up 6.8 percent from a year earlier.

— First Financial Corp., the Terre Haute, Ind.-based parent of First Financial Bank, had net income of $6.45 million, down from $8.71 million a year earlier. Diluted earnings were 48 cents a share, down from 66 cents a share. Loan volume was down 2.8 percent.

— MainSource Financial Group, the Greensburg, Ind.-based parent of MainSource Bank, had net income of $7.3 million, up from $7 million a year earlier. Diluted earnings were 35 cents a share, up from 32 cents a share. Loan volume was up 1.1 percent from a year earlier.

— First Mid-Illinois Bancshares, the Mattoon-based parent of First Mid-Illinois Bank & Trust, had net income of $3.67 million, up from $3.48 million a year earlier. Diluted earnings were 43 cents a share, up from 39 cents a share. Loan volume was up 8.3 percent from a year earlier.

Sections (2):News, Business
Topics (1):Banking

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