More than 6,000 commercial banking locations across the United States closed in the past five years, the Wall Street Journal reported in January. But banks such as JPMorgan Chase are bucking the trend. In February, the lender announced it would be opening more than 160 branches in 30 states this year alone. That includes multiple locations in the Wilmington area. Pet ...

Wilmington-based nCino held an earnings call for the first quarter of fiscal year 2027, reporting revenue growth above expectations set in March.  According to Sean Desmond, nCino's CEO and president, the company outperformed guidance across all key metrics, including subscription revenue growth and non-GAAP operating margin.  The cl ...

Southern Bank, the Mount Olive-based community bank that opened a loan production office in Wilmington in 2016, recently announced leadership changes. Paul McCombie, who has led the bank’s Wilmington team for a decade, is moving into the role of regional executive, overseeing both Wilmington and Raleigh. “Paul brings considerable market expertise and lead ...

Live Oak Bank has terminated a state incentive agreement that would have paid the company $1.5 million for hitting specific investment and hiring targets. North Carolina’s Economic Investment Committee approved the termination of Live Oak’s $1.5 million Job Development Investment Grant (JDIG) on Tuesday. Under the grant, which was awarded in 2022, the compan ...

Wilmington-based Live Oak Bancshares reported positive first-quarter earnings that beat analyst expectations this week, even as revenue declined from the previous quarter.  The company posted a net income of $29.9 million, with diluted earnings per share of $0.60, above Zacks Equity Research analysts' estimate of $0.54. Revenue decreased 15.9% from the pre ...

A Chase Bank is proposed on the site of the former Talbots store at Hanover Center in Wilmington, according to city records. The proposed project would include the removal of the current building at 3607 Oleander Drive and the development of an approximately 3,400-square-foot Chase Bank with a drive-thru ATM, according to a major site plan application submitted to the c ...

nCino’s artificial intelligence agents have played a pivotal role in the company’s recent success, according to officials.  The Wilmington-based cloud banking software company reported its fiscal year 2026 results last week, with total revenue rising 10% year over year. Officials attributed part of that success to AI automation and efficiency.  ...

Wilmington-based Live Oak Bank is perhaps best known as one of the largest small-business lenders in the country, as well as an incubator for the region’s tech startups.  But the bank’s philanthropy, specifically grants supporting workforce development, has become central to the company’s identity as one of the region’s community anchors.&nb ...

Wilmington-based nCino reported strong fiscal year 2026 results, with fourth-quarter results up 6% year-over-year, officials announced on an earnings call this week. The cloud banking software company was swept up in stock market volatility beginning in February, mirroring share price declines across the software-as-a-service (SaaS) industry, and its stock has ...

Wilmington-based nCino has gotten swept up in stock market volatility.  Shares of the cloud banking software company have fallen in recent weeks, mirroring declines across the software-as-a-service (SaaS) industry. Although investor concerns that AI advancements will disrupt the software business model continue to weigh on the sector, analysts predict that nCino&rs ...