27.07.2015 14:44:25
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MUFG Americas Q2 Profit Down - Quick Facts
(RTTNews) - MUFG Americas Holdings Corp., parent company of San Francisco-based MUFG Union Bank, N.A., reported that net income attributable to the company for the second-quarter declined to $181 million, from $244 million in the year-ago quarter.
Total revenuefor the quarter grew to $1.104 billion from last year's $965 million, largely due to fees from affiliates resulting from the business integration initiative, partially offset by contraction in the net interest margin.
At June 30, 2015, total assets were $114.3 billion, up slightly from March 31, 2015. Total loans held for investment decreased slightly compared with the first quarter of 2015, reflecting lower balances in the commercial and industrial, commercial mortgage and residential mortgage portfolios.
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