Bank earnings, franchise transactions and regulatory enforcement activity

First Citizens BancShares completed its acquisition of 138 branches. The branches span 11 states, expanding its physical footprint; the available excerpt provides no acquired deposit balance.

Arrow Financial Corporation filed pro forma combined financial information for its Adirondack Bancorp acquisition. The September 14 filing includes historical results and merger-related adjustments, providing a basis to assess the combined financial profile.

Independent Bank Corp reported $1.70 in second-quarter operating earnings per share. Deposits rose $294.6 million to $20.4 billion, adjusted net interest margin was 3.76%, and its common equity Tier 1 capital ratio was 12.81%. Net income was $81.8 million.

KeyCorp presented an updated 2026 outlook and long-term targets. Its September 14 filing says the presentation covered revenue, loans, expenses and profitability, but the available excerpt provides no target figures to assess the size of the revisions.

Better Markets sued the Federal Reserve and Michelle Bowman over capital-rule comments. The complaint alleges that meetings with bank executives influenced public comments on three proposed capital rules. The group seeks withdrawal and re-proposal of the rules; those are requested remedies, not an outcome of the suit.

The CLARITY Act faces a planned Senate procedural vote on September 15. Republicans released a revised 630-page bill incorporating 114 changes requested by Democrats, but stablecoin rewards and ethics remain sticking points. An American Banker analysis says the Tillis-Alsobrooks compromise would bar rewards solely for holding a stablecoin balance while preserving compensation tied to payments and commerce; the proposal has not become law.

The Fed, FDIC, OCC and NCUA proposed risk-based third-party guidance. The proposed guidance is principles-based and nonbinding. Separately, the Fed, FDIC and OCC issued a statement on supervising core providers serving community banks, identifying provider transparency, contract terms and technology resilience as supervisory considerations.

OFAC sanctioned Golden Global Yatirim Bankasi and its subsidiaries. The agency alleged the bank facilitated tens of millions of dollars in transactions for Iran-linked actors and provided access to international correspondent banking. A separate license authorizes the wind-down of certain transactions involving persons blocked on September 4.