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Editorial Results (free)
1. Memphis Banks Report Modest First Quarter
- Saturday, June 06, 2015
Absent a few individual challenges, Memphis-area banks as a collective gave off encouraging signs about their health and outlook in the first quarter, according to Federal Reserve figures.
Some of the most important metrics, like profitability, always come with a reminder by regulators that any change in performance at First Tennessee Bank, Memphis’ largest bank, can overshadow results at the rest of its smaller peer institutions. That was certainly true in the first quarter, when First Tennessee’s parent company took a loss, driven by a mortgage-related legal settlement, which resulted in the bank showing almost $65 million worth of red ink for the quarter.
2. Memphis Banks Show Broad Improvement
- Wednesday, August 21, 2013
Banking in Memphis is in the midst of a rebound, judging by the latest numbers from the Federal Reserve Bank of St. Louis.
3. Fed Data: Local Market is Unbalanced
- Monday, May 23, 2011
In a big-picture sense, the Memphis-area banking market is seeing improvement in the levels of cash banks have set aside to cover bad loans. It’s collectively seeing stronger net income and other signs of growth.
4. Magna Bank Positions for Solid 2011 Despite ’10 Loss
- Monday, March 21, 2011
Memphis’ third-largest locally based financial institution closed the books on 2010 by reporting a loss but also touting investments made across the board in the bank as well as hinting at an expansion of its branch network.
5. Most Memphis Banks Report Profitable Year
- Tuesday, March 08, 2011
The Memphis banking market had a strong 2010, with 75 percent of the roughly two dozen banks headquartered here showing a profit for the year, according to data from the Federal Reserve Bank of St. Louis.
6. Most Local Banks on Right Track, Fed Shows
- Monday, November 22, 2010
Most Memphis-based banks are back in the black and are meeting at least the minimum standard to be considered adequately capitalized, according to preliminary third quarter data from the Federal Reserve Bank of St. Louis.