Huntington National bank reported higher deposits, interest and fee income and overall earnings for the second quarter.
Columbus Business First’s Post
More Relevant Posts
-
🏦 Banking Industry Challenges 🏦 High interest rates continue to pressure the US banking system, leading to 63 "problem banks" and $517 billion in unrealized losses, according to the FDIC. The upward pressure on mortgage rates significantly impacts the banking sector, raising concerns about financial stability. 🔗 Read more on Business Insider: https://bit.ly/3z3HfWF #Banking #InterestRates #FDIC #FinancialStability #MortgageRates
There are 63 'problem banks' and $517 billion in unrealized losses: FDIC
businessinsider.com
To view or add a comment, sign in
-
The number of banks on the Problem Bank List, those with a CAMELS composite rating of “4” or “5,” increased from 52 in fourth quarter 2023 to 63 in first quarter 2024. The number of problem banks represented 1.4 percent of total banks, which was within the normal range for non-crisis periods of one to two percent of all banks. Total assets held by problem banks increased $15.8 billion to $82.1 billion during the quarter.
FDIC Quarterly Banking Profile First Quarter 2024
fdic.gov
To view or add a comment, sign in
-
Hats off to our top performing community banks of 2023! Capital Performance Group is excited to partner with the American Banker yet again for another edition of the Top Performing Banks analysis. Check out the full details below to learn how Public Community Banks Under $2B managed to shine while navigating the tough environment. #banking #bankstocks #topperformers
Capital Performance Group is proud to partner with the American Banker for another year of ranking the Top Performing Banks. Some key takeaways from John Reosti's article on publicly-traded banks <$2B: Median net interest margin increased by 9 bps for the Top 100. The Top Performers generated a higher increase in yield on average earning assets and managed a smaller increase in cost of funds compared to all banks. Both the Top Performers and all banks experienced core deposit runoff in 2023; however, Top Performers had higher levels of core deposits and demand deposits relative to total deposits, contributing to a lower increase in their cost of funds. Net loan growth of Top Performers also outpaced that of all banks in 2023. The complete rankings and analysis can be found on the American Banker website. #topperformers https://lnkd.in/eTTam6MC
Top-performing community banks made best of a tough 2023
americanbanker.com
To view or add a comment, sign in
-
Another great quarter for the mega banks, although I expect the small regional banks to be struggling. Without the credit card business (22.5% interest rates), and with the depression-level CRE, small banks will slowly be acquired by the mega banks, with Treasury Secretary Yellen presiding over pennies-on-the-dollar price tags to incent the big banks...~r JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected. Here’s what the company reported compared with estimates from analysts surveyed by LSEG, formerly known as Refinitiv: Earnings: $4.44 per share, vs. $4.11 expected Revenue: $42.55 billion, vs. $41.85 billion expected The bank said first-quarter profit rose 6% to $13.42 billion, or $4.44 per share, from a year earlier, boosted by its takeover of First Republic during the regional banking crisis last year. Per-share earnings would’ve been 19 cents higher excluding a $725 million boost to an FDIC fee covering costs from last year’s bank failures. Revenue climbed 8% to $42.55 billion as the bank generated more interest income thanks to higher rates and larger loan balances. But in guidance for 2024, the bank said it expected net interest income of around $90 billion, which is essentially unchanged from previous wording. That appeared to disappoint investors, some of whom expected JPMorgan to raise its guidance by $2 billion to $3 billion for the year. Shares of JPM slipped 4.8% in early trading. While the NII guidance “strikes us as ultra-conservative (and now leaves room to be revised upward later on), we suspect the unchanged outlook will disappoint investors,” Piper Sandler analyst Scott Siefers said Friday in a note. While trading revenue overall was down 5% from a year earlier, fixed income and equities results topped analysts’ expectations by more than $100 million each, coming in at $5.3 billion and $2.7 billion, respectively. JPMorgan CEO Jamie Dimon called his company’s results “strong” across consumer and institutional areas, helped by a still-buoyant U.S. economy, though he struck a note of caution about the future. “Many economic indicators continue to be favorable,” Dimon said. “However, looking ahead, we remain alert to a number of significant uncertain forces” including overseas conflict and inflationary pressures. Though the biggest U.S. bank by assets has navigated the rate environment well since the Federal Reserve began raising rates two years ago, smaller peers have seen their profits squeezed. The industry has been forced to pay up for deposits as customers shift cash into higher-yielding instruments, squeezing margins. Concern is also mounting over rising losses from commercial loans, especially on office buildings and multifamily dwellings, and higher defaults on credit cards. Still, large banks are expected to outperform smaller ones this quarter.
To view or add a comment, sign in
-
Community banks must maintain a competitive edge to stay on top of their deposits. See these 7 strategies for raising bank deposits in the latest #IndependentBanker:
7 Strategies for Raising Bank Deposits
independentbanker.org
To view or add a comment, sign in
-
Top performers in 2023 managed to thrive in a period of compressed margins and core deposit runoff - how did they do it? Capital Performance Group is excited to partner with the American Banker for another edition of the Top Performing Banks analysis. Check out the full details below. #banking #bankstocks
Capital Performance Group is proud to partner with the American Banker for another year of ranking the Top Performing Banks. Some key takeaways from John Reosti's article on publicly-traded banks <$2B: Median net interest margin increased by 9 bps for the Top 100. The Top Performers generated a higher increase in yield on average earning assets and managed a smaller increase in cost of funds compared to all banks. Both the Top Performers and all banks experienced core deposit runoff in 2023; however, Top Performers had higher levels of core deposits and demand deposits relative to total deposits, contributing to a lower increase in their cost of funds. Net loan growth of Top Performers also outpaced that of all banks in 2023. The complete rankings and analysis can be found on the American Banker website. #topperformers https://lnkd.in/eTTam6MC
Top-performing community banks made best of a tough 2023
americanbanker.com
To view or add a comment, sign in
-
So much for anti trust laws and too big too fail...it's quite obvious now that the US banking system is going to be concentrated into just a few names. There was a time where no bank was supposed to hold more than 10% of all deposits...you know to promote competition and disburse risks across multiple institutions, but now as we can clearly see the writing on the wall as the top5 US banks hold 83% of all deposits with JPM and BofA holding 53% that too big too fail meant even too bigger to fail...it's as if banking will become a 2 party system with the Federal Reserve having 2 retail arms, the 2 just mentioned.
Net interest margins at banks. It's still a challenge as you have rising provisions, deposit concerns and higher interest rates. "Five of the nine banks in the analysis reported quarter-over-quarter decreases in total deposits. The same five banks reported a year-over-year decline" "Year-over-year earnings trends were down in the fourth quarter of 2023 as all nine banks in the group reported earnings decreases quarter over quarter. The breakdown was the same compared to the year-ago quarter, with all nine banks reporting earnings per share declines." #banks #creditunions #deposits #lending #earnings https://lnkd.in/ejmeUUcd
Deposit, net interest margin declines persist at large US regional banks
spglobal.com
To view or add a comment, sign in
-
Senior Product Manager, Financial Institutions at S&P Global Market Intelligence I Basel Reporting I, II, III I Risk Management I SAFe 5 Certified PO/PM & Practitioner
Most US regional banks are expected to report lower earnings per share both quarter over quarter and year over year as credit quality deteriorates in certain areas and interest rates remain high for longer than expected. Among the 71 publicly traded banks with total assets between $10 billion and $100 billion and normalized earnings per share estimates from at least five analysts, only 19 are expected to post higher quarter-over-quarter EPS, according to an S&P Global Market Intelligence analysis of consensus estimates. Another six are expected to report no change, while the rest are estimated to report lower earnings sequentially. Before the fourth-quarter 2023 earnings season, fewer banks were estimated to report higher quarter-over-quarter EPS. #usbanks #creditquality
US banks to report moderate drop in credit quality in Q1 2024
spglobal.com
To view or add a comment, sign in
-
Assistant Vice President, Relationship Manager, Certified Notary Signing Agent, Notary Public, Certified Loan Signing Agent for the Real Estate Industry + 1-860-836-9336
A majority of the largest banks in the US reported a decline in total assets following anemic loan growth in the third quarter. Altogether, the 50 largest US banks and thrifts reported a $74.34 billion decrease in aggregate assets quarter over quarter, with 27 banks reporting sequential declines. By comparison, during the second quarter, the 50 largest US banks and thrifts reported asset declines of $254.50 billion. The institutions reported a combined $22.953 trillion in assets as of Sept. 30, according to S&P Global Market Intelligence data.
50 largest US banks by total assets, Q3 2023
spglobal.com
To view or add a comment, sign in
-
Capital Performance Group is proud to partner with the American Banker for another year of ranking the Top Performing Banks. Some key takeaways from John Reosti's article on publicly-traded banks <$2B: Median net interest margin increased by 9 bps for the Top 100. The Top Performers generated a higher increase in yield on average earning assets and managed a smaller increase in cost of funds compared to all banks. Both the Top Performers and all banks experienced core deposit runoff in 2023; however, Top Performers had higher levels of core deposits and demand deposits relative to total deposits, contributing to a lower increase in their cost of funds. Net loan growth of Top Performers also outpaced that of all banks in 2023. The complete rankings and analysis can be found on the American Banker website. #topperformers https://lnkd.in/eTTam6MC
Top-performing community banks made best of a tough 2023
americanbanker.com
To view or add a comment, sign in