Signature Bank announced Q2/13 net income reached a record $53.6 million versus $45.3 million in Q2/12. The bank said the record net income was primarily due to an increase in net interest income fueled by strong deposit and loan growth.
CIT reported Q2/13 net income of $184 million compared to a net loss of $73 million in Q2/12. The company noted Corporate Finance segment new funded volume was $1.3 billion, up from $969 million in the year-ago quarter.
PNC Financial reported Q2/13 net income of $1.1 billion was up from $546 million a year earlier as the prior year period included a substantial charge tied to a provision for residential mortgage repurchase obligations.
JPMorgan Chase reported its net income for the fourth quarter of 2012 was $5.7 billion, compared with net income of $3.7 billion in the fourth quarter of 2011.
PNC Financial reported Q4 profit of $719 million was up from $493 million or 46% higher compared to the same quarter in 2011. The bank said Q4 earnings included gains on sales of Visa shares.
Fifth Third reported full year 2012 net income of $1.5 billion, or $1.66 per share, up 41% compared to $1.18 per share in 2011 on net income of $1.1 billion.