Banking

This tag is associated with 67 posts

United Bankshares post 3Q results

Oct. 27. United Bankshares third-quarter earnings were $102.6 million, or $0.76 per diluted share, as compared to $95.6 million, or $0.71 per diluted share, for the second quarter of 2022. The quarter was highlighted by continued broad-based loan growth, net interest margin expansion and strong credit quality metrics. Annualized loan growth, excluding Paycheck Protection Program […]

blueharbor posts higher net

Oct. 26. Mooresville-based blueharbor bank third-quarter net income rose 45 percent to $2 million compared to the same year-ago quarter. For the nine months ended Sept. 30, the Bank reported net income of $4.86 million, and increase of 35 percent over the same period last year. Total assets rose to $418.6 million at Sept. 30, a […]

Eatmon joins Peoples Bank

Sept. 29. Thomas Eatmon recently joined Newton-based Peoples Bank as a business development officer in the bank’s Denver market. He was formerly with blueharbor bank, based in Mooresville.

United Bankshares reports 17% increase in 2Q earnings

Aug. 1. United Bankshares (NASDAQ: UBSI) reported second quarter earnings of $95.6 million, or $0.71 per diluted share, as compared to earnings of $81.7 million, or $0.60 per diluted share, for the first quarter of 2022. The quarter was highlighted by continued loan growth, net interest margin expansion and strong credit quality metrics. Annualized loan […]

Pappas is new senior VP at First National

May 3. Richard Pappas is a new senior vice president and business banker at First National Bank, the principal subsidiary of F.N.B. Corp. He joined FNB in 2017 with more than 25 years of industry experience at institutions like SouthTrust/Wachovia Bank, Wells Fargo Bank, Regions Bank and New Dominion Bank. The East Carolina University grad […]

United Bankshares 1Q earnings rise 10%

April 29. United Bankshares reported earnings for the first quarter of 2022 of $81.7 million, or $0.60 per diluted share, as compared to earnings of $73.9 million, or $0.56 per diluted share, for the fourth quarter of 2021. The quarter was highlighted by strong 11% annualized loan growth (excluding Paycheck Protection Program loans), net interest […]

First Bank officially takes over Select

March 21. First Bancorp, the parent company of First Bank, has officially taken over Select Bank, which had an office on West Catawba at Nantz Road. Southern Pines based First Bank gained 11 locations with the acquisition of Select, including Sylva, Highlands, Franklin, the Ballantyne area of Charlotte, Elizabeth City, Cornelius, Dunn, Clinton, and Goldsboro; […]

New VP for small business development at LKN Chamber

Laura Rizzetta, the former branch manager of United Community Bank in Cornelius, formerly Aquesta, is the new vice president for Small Business Development & Investor Relations at the Lake Norman Chamber of Commerce. She has served for 27 years in retail banking in both North and South Carolina. As a member of the chamber in […]

United Bankshares reports record full-year 2021 earnings

Jan. 27. United Bankshares reported earnings for the fourth quarter and the year of 2021. Earnings for the fourth quarter of 2021 were $73.9 million, compared to earnings of $92.4 million or the fourth quarter of 2020. Earnings for the year of 2021 were a record $367.7 million as compared to earnings of $289.0 million […]

Another round of COVID bonuses coming for Fifth Third employees

Nov. 18. Fifth Third Bank, which has a substantial footing locally thanks to the First Charter acquisition in 2007, will make a special payment of $1,250 to full-time employees who have provided essential banking services during the pandemic. “Our employees have gone above and beyond to ensure that we continue to meet the financial needs […]