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5 Actionable Insights From 2Q 2022 Bank Earnings

South State Correspondent

With 100+ public banks reporting, we have more than a representative sample to see 2Q 2022 bank earnings trends and derive some operational insights on bank performance. We used the S&P Global database, earnings releases, and investor calls to gather the first hundred banks releasing 2Q numbers as of 8/2/2022.

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The 2022 GonzoBanker Awards

Gonzobanker

Who saw 2022 coming and accurately predicted the headlines? A few modest examples of the 2022 roller coaster ride: The Fed rate hikes in 2022 totaled 425 basis points. In 2022, there was… wait for it… exactly one. Goes to 2022. Goes to all the hot tech and defi players that bought pricey ads at the 2022 Super Bowl.

Community 216
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Retailers Consider Store Closures Amid The Digital Shift

PYMNTS

The pandemic’s harsh impacts on retail continue to show themselves as brands report plummeting quarterly earnings and eye additional store closings. And one retail expert says what is taking place is more an interaction revolution than a post-pandemic eCommerce revolution. . 1 to April 30 due to the pandemic. €1B

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Fashion Retailer rue21 Strikes Deal To Retire Debt

PYMNTS

Fashion retailer rue21 (r21 Holdings, Inc.) The retailer modified its asset-based credit facility to bolster availability to $155 million due 2025 headed up by Bank of America, N.A. The retailer also opened three new physical retail shops, with another 15 in the works for 2021. million members. The merchant’s new $1.3

Retail 141
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Troubled Retailers Continue To Seek Financial Lifelines

PYMNTS

One of the new truisms of pandemic-era retail is this: If a retailer was in trouble before COVID-19 , that trouble will be magnified because of it. The retailer expects to save approximately $365 million in fiscal 2020 and approximately $630 million on an annualized basis. billion in new financing, could stabilize the company.

Retail 141
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VF Corporation Wraps Up Purchase Of Supreme

PYMNTS

billion aggregate base purchase price, which is “subject to customary adjustments for cash, indebtedness, working capital and transaction expenses.” The international streetwear brand has become a VF Corporation wholly-owned subsidiary with the deal, according to an announcement.

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New York & Co. Rebrands To RTW Retailwinds

PYMNTS

The move comes as the retailer seeks to top the $1 billion mark in sales, Chain Store Age reported. “We We are at a defining moment in our corporate reinvention, with a proven track record for developing celebrity and sub-brand collections that resonate with our consumers,” CEO Greg Scott said in a statement. trillion U.S.

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