Don't expect second-quarter earnings reports from community banks to set the world on fire, as low rates, fierce competition and a lackluster economy take their toll.
Some small banks were able to generate slight momentum in the first quarter, with Eagle Bancorp (EGBN) of Bethesda, Md., one of the banking companies that produced double-digit profit growth from a year earlier. Yet those positive trends are easy to misread, some analysts say. Profit growth at many banking companies will be modest, they predict.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access