DEFIANCE, Ohio _ First Defiance Financial Corp. on Monday reported second-quarter net income of $6.6 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.
With narrowing margins and a growing regulatory burden, there are many reasons for small banks to throw in the towel and sell to competitors.
Prospective bank buyers are outweighing sellers, signaling that after a big lull in U.S. bank M&A last year, the market may revive in 2012.