Friday's Financial Winners & Losers

Updated from 12:43 p.m. EDT

Stocks in the financial-services sector were mixed Friday as traders pored over a host of earnings, merger and personnel developments.

Among those with quarterly reports, City Bank (CTBK Quote) edged up 0.3% to $31.40 following word that its second-quarter earnings rose to $10.6 million, or 67 cents a share, from $9.2 million and 58 cents a share in the year-ago period.

Meanwhile, Oak Hill Financial (OAKF Quote) gained 1.8% to $22.69 after it said second-quarter earnings climbed to $4.6 million, or 86 cents a share, from last year's $3 million, or 54 cents a share.

This year's results included a $1.6 million gain related to bank-owned life insurance. Excluding the gain, earnings were 55 cents a share.

BankUnited (BKUNA Quote) was also higher, despite its forecast that fiscal third-quarter earnings will likely be below estimates. The company expects earnings to be about even with the 62 cents it earned in the same quarter a year earlier.

Analysts are looking for 67 cents. Still, shares of BankUnited closed up 1.1% at $19.62.

Elsewhere, the board of Harleysville National (HNBC Quote) has named Paul D. Geraghty as president and CEO, along with appointing him as a director of the company and its Harleysville National Bank unit. Demetra M. Takes, who served as interim president and CEO, will keep those positions with Harleysville National Bank and Trust.

The stock closed down 1.4% at $15.74.