Results for: Net interest margin

Discover Financial Services (DFS) exceeded analyst expectations in its third-quarter earnings report, driven by robust net interest margin expansion and solid loan growth. Despite slight increases in delinquency rates, the company reported strong financial performance, highlighting its resilience in a challenging economic environment. Discover also completed the first phase of its private student loan portfolio sale, simplifying its business operations. DFS shares dipped slightly in after-hours trading.

Cathay General Bancorp (CATY) continues to face challenges due to declining net interest income, rising cost of deposits, and heavy exposure to commercial real estate loans. Despite management’s expectation of rate cuts, the market remains skeptical, resulting in negative short-term prospects for CATY.

Zions Bancorporation (NASDAQ: ZION) reported solid results in its first-quarter earnings, signaling improving trends. Pre-provision net revenue exceeded expectations, driven by higher net interest margin and lower expenses. Loan growth remained steady, while deposits declined slightly due to seasonal factors. The company’s valuation remains attractive, trading at 1.2x book value and a forward ROE of 11%. Analysts continue to rate the stock a ‘buy’ given its positive rate outlook.