Signature Bank Reports Record Q2 Results

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.

SunTrust Q2 Results Show Asset Quality Improvement

SunTrust Banks reported Q2/13 net income was $365 million, up 35% or $95 million higher than Q2/12. The bank noted its provision charge of $146 million, was $154 million lower compared to the same quarter in 2012.

Bank of America Reports Q2 Earnings Up 63%

Bank of America reported second-quarter 2013 net income rose 63% to $4 billion from $2.5 billion in the same year-ago quarter. The bank said net credit loss rates were below 1% for the first time since second quarter of 2006.

Signature Bank Reports Record Q1 Earnings

Signature Bank announced net income in Q1/13 reached a record $50.6 million, up 19% from $42.4 million in Q1/12. The bank said the increase was fueled by growth in average interest-earning assets.