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Regional Banks Earnings Mixed but Stocks Rise | Business and Finance News
Description
Regional banks delivered a mixed first-quarter earnings report—revenues met expectations, but stocks soared an average of 7% as investors reacted positively to underlying strength. Byline Bancorp beat EPS and boosted dividends, lifting shares 13%. UMB Financial stunned with a 30% revenue surge and crushed earnings estimates, pushing its stock up 13%. BankUnited missed key metrics but still saw a 3.5% bump. Pathward beat revenue expectations but missed on net interest income and tangible book value, sending its stock down 12%.
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