In January 2020, it hiked quarterly dividend by 1.5%. The companys adjusted EPS came in at $0.54, representing a 3.8% increase year-over-year. These include white papers, government data, original reporting, and interviews with industry experts. The companys consistent performance and favorable debt/equity ratio when compared with the broader industry indicates that these capital deployment actions seem sustainable.With a market cap of $30.2 billion, MTBs efforts to improve revenues and strength in the balance sheet will support financials. HBNCs adjusted net income increased 3.8% year-over-year to $23.71 million for the fourth quarter, ended Dec. 31, 2021. The question now is how far Beijing will go to signal its displeasure with any Taipei visit by House Speaker Nancy Pelosi. Nathan Reiff has been writing expert articles and news about financial topics such as investing and trading, cryptocurrency, ETFs, and alternative investments on Investopedia since 2016. 5 Growth Stocks With Monster Upside That Belong in Your Portfolio, Dont Be a Suckerthe Worst Is Still to Come, Does Market Volatility Have You Worried? U.S. Treasury bond yields rose swiftly yesterday, hitting a multi-year high. Looking at the aggregate earnings estimate revisions, it appears that analysts are gaining confidence in this groups earnings growth potential. Within the Southwest Regional Banks industry, it is ranked #2. These include credit and debit cards, mortgage banking, wealth management and investment banking, among others. It also offers various deposit products, including savings accounts, non-interest-bearing accounts, and money market deposit accounts. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness. Also, its adjusted net interest income increased 8.7% year-over-year to $49.22 million. So, given the potential for aggressive interest rate increases by the Federal Reserve later this year, we think it could be wise to add quality regional bank stocks Popular (BPOP), Origin Bancorp (OBNK), Byline Bancorp (BY), QCR Holdings (QCRH), and Horizon Bancorp (HBNC) to ones portfolio. It has a B grade for Momentum, Stability, and Sentiment. Its also worth mentioning that some parts of investment banking -- specifically trading and underwriting -- tend to do better in turbulent times. Investors growing interest in the regional bank stocks is evident in the SPDR S&P Regional Banking ETFs (, Given this backdrop, we think it could be wise to add fundamentally strong regional bank stocks Popular, Inc. (. Investors: Do You Have the Patience to Weather THIS Bear Market? The industry currently carries a Zacks Industry Rank #56, which places it in the top 22% of nearly 253 Zacks industries.The groups Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates outperformance in the near term. Also, average loans (excluding PPP) are projected to rise in the mid-single-digit range in 2022.Also, CMAs capital deployment activities are encouraging and sustainable. To see the other ratings of QCRH for Growth, Sentiment, and Quality. Companies with quarterly EPS or revenue growth of more than 2,500% were excluded as outliers. The attack on the Capitol felt like a threshold had been crossed, (Bloomberg) -- Hours after Senator Joe Manchin delivered a fatal blow to climate change legislation championed by Joe Biden, White House officials began making plans for the president to take matters into his own hands.Most Read from BloombergAmericans Who Cant Afford Homes Are Moving to Europe InsteadThese Are the Worlds Most (and Least) Powerful Passports in 2022Musk Lieutenant Scrutinized in Internal Tesla Purchasing ProbeBiden Contracts Covid as Pandemic Shows Its Staying PowerECB Rushes t, (Bloomberg) -- Russia and Chinas deepening military cooperation that has included joint air and navy drills is raising security concerns in the region, Japan said in its first annual defense report issued since Moscow invaded Ukraine. The main goal is to simplify operations and do away with non-core, unprofitable ones.Manageable Asset Quality: For the large part of 2020, major regional banks built extra provisions to tide over unexpected defaults and payment delays owing to the economic slowdown resulting from the coronavirus mayhem. Thus, Fifth Third Bancorp is re-allocating its branch network to enhance its footprint in the Southeast and lower its presence in the Midwest. Investors: Do You Have the Patience to Weather THIS Bear Market? It must be noted that banks have been reeling under near-zero interest rates since March 2020, which adversely impacted their net interest margin (NIM) and NII. An increase in Treasury yields helps banks earn more interest income. You can see the complete list of todays Zacks #1 Rank (Strong Buy) stocks here. On Dec.10, 2021, BY announced its plans to continue to optimize its branch network, dispose of a portfolio of owned real estate properties, and reduce the amount of office square footage it occupies as part of its efforts to adapt to changes in customer behavior and improve operating efficiencies. You can learn more about the standards we follow in producing accurate, unbiased content in our. The companys total non-interest income increased 7.4% year-over-year to $19.01 million. The company has an overall B rating, which translates to a Buy in our proprietary rating system. It is ranked #8 out of 35 stocks in the. For example, many banks offer safe deposit boxes for lease to their customers, and some make money through partnerships with third-party companies. The acquisitions Dividend Finance in May 2022, Provide in 2021 and Coker Capital in 2020 will support commercial verticals. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. It repurchased 9.5 million shares for $720 million in 2021 and $35 million in the first quarter of 2022.A manageable debt level, investment-grade long-term credit ratings, solid balance sheet position and impressive credit quality are other catalysts supporting this Zacks Rank #1 stock. Banks such as JPMorgan Chase and Goldman Sachs (NYSE:GS) that have large investment banking operations could be helped by this, while banks that largely focus on commercial banking, such as Wells Fargo (NYSE:WFC), could be at a temporary disadvantage. (Bloomberg) -- From frothy rhetoric to fighter jet incursions, China rarely leaves even a low-level exchange between the US and Taiwan unanswered. The POWR Ratings are calculated by considering 118 distinct factors, with each factor weighted to an optimal degree. Synchrony and Sweetwater Extend Financing Partnership and Deepen Innovation on Digital Payment Process, Assured Guaranty Ltd. Reports Results for First Quarter 2022, W. R. Berkley Corporation Increases Regular Quarterly Dividend and Declares Special Cash Dividend, LPL Financial Announces First Quarter 2022 Results. In addition, its EPS came in at $2.58, representing a 22.8% increase year-over-year. Its deposit products include noninterest-bearing demand, interest-bearing demand, time, and brokered deposits. Aggressive Fed & Rise in Loan Demand: Major regional banks benefit from higher interest rates. The companys total deposits increased 6.6% sequentially to $6.57 billion. On the other hand, investment banking tends to do even better during turbulent times, so banks that have large investment banking operations tend to see profits hold up quite well. It has a B grade for Momentum, Stability, and Sentiment. U.S. Bancorp is primarily a commercial bank, with income from loans and other consumer banking products making up virtually all of its revenue. ", W. R. Berkley Corp. "W. R. Berkley Corporation Increases Regular Quarterly Dividend and Declares Special Cash Dividend.". increased 6.2% year-over-year to $501.28 million for the fourth quarter, ended Dec. 31, 2021. Fifth Third Bancorp: With assets of $211 billion, Cincinnati, HO-based Fifth Third Bancorp has more than 1,079 full-service banking centers across 11 states throughout the Midwestern and Southeastern regions of the United States.FITBs efforts to expand on-interest income base over the years with the help of strategic partnerships and acquisitions continue to enhance its digital bank product offering. 3 Major Regional Bank Stocks to Own Right Now. Rest Easy With These 3 Stocks. to see the other ratings of BY for Growth, Value, and Quality. provides banking and financial services to small- and medium-sized businesses, municipalities, high-net-worth individuals, and retail clients.

The stock has an overall B rating, equating to a Buy in our proprietary rating system.

The acquisition is expected to accelerate BPOPs ongoing digital transformation and improve the experience of its clients. Obviously, these are simplified definitions. It has a B grade for Value, Momentum, and Sentiment. A new arrest warrant was issued Thursday for Colorados election-denying clerk, less than a week after the embattled official convinced a judge not to send her back to jail for improperly traveling out of state while awaiting trial on felony charges. It is ranked #4 of 27 stocks in the Southwest Regional Banks industry. These technologies serve as the gateway between the digital blockchain and human society. It has an overall B rating, which equates to a Buy in our proprietary rating system. Combine finance and technology and you get companies in this space.

Learn here why it happens and the different types of mergers. Bank stocks are generally affected by recessions for a couple of reasons. Over the past year, the stock has gained 30.3% in price to close its last trading session at $27.12. On Feb. 24, 2022, BPOP announced that its wholly owned subsidiary, Banco Popular de Puerto Rico (BPPR), had agreed with Evertec, Inc. and its wholly-owned subsidiary Evertec Group, LLC, to acquire the assets used by Evertec to service certain BPPR channels. It surpassed the Streets EPS estimates in three of the trailing four quarters. The family attorney of a man fatally shot by a Chicago police officer last year said Thursday that the Chicago Police Board denied a recommendation to fire the officer. Capitol attack committee provides detailed account of insurrection and confirms this will not be final hearing, REUTERS/Jonathan ErnstThe Jan. 6 committee kicked off its long-awaited, prime-time hearing Thursday by laying out how former President Donald Trump fully intended to lead a mob to the Capitol, how he angrily confronted U.S. Secret Service agents who stood in his way, and how he refused to do anything to stop the siege on the Capitol for more than three hours.For 187 minutes on January 6th, this man of unbridled destructive energy could not be movednot by his aides, not by his allies or the de. Analysts are also optimistic about the stock. The companys earnings estimates for 2022 have moved 1.7% north over the past four weeks. Analysts expect BPOPs EPS for its fiscal year 2023 to increase 8.3% year-over-year to $10.44. Michigan, Ind.-based HBNC provides a range of banking services through its bank subsidiary, Horizon Bank. Making the world smarter, happier, and richer.