Research Update: First National Bank of Omaha 'BBB-' Rating Affirmed; Outlook Remains Stable Dec 11
Standard & Poors, December 2011
Abstract
Following a review of First National of Nebraska, the parent company of First National Bank of Omaha, under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'BBB-' issuer credit rating on First National Bank of Omaha (FNB). The outlook remains stable. Our ratings on FNB reflect our anchor of 'bbb+' for banks operating in the U.S., as well as First National of Nebraska's moderate business position, adequate capital and earnings, moderate risk position, average funding, and adequate liquidity. Although low interest rates may limit margin expansion, we believe that lower provisions and resumed growth in First National of Nebraska's credit card portfolio should enable the firm to maintain adequate capital and earnings. As...
Companies mentioned in this report are: First National Bank of Omaha
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
First National Bank of Omaha
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