Industry Report Card: U.S. Regional Banks Reported A Profitable Fourth Quarter, With Few Exceptions Feb 11
Standard & Poors, February 2011
Abstract
The smaller U.S. regional banks that Standard & Poor's Ratings Services rates generally reported encouraging results in fourth?quarter 2010, illustrating the industry's gradual recovery. Nearly all of the banks were profitable and the majority reported sequential earnings growth, although a few banks continued to struggle with net losses. Loan asset-quality performance, which companies' exposures to commercial real estate (CRE) markets in their regional or local economies influence the most, was mainly responsible for the quarterly results. The credit quality of companies in this group continues to reflect historically high nonperforming assets (NPAs). However, as the sector works out the problem loans from the recent downturn, we see asset-quality risk stabilizing, earnings improving, and strengthened capital levels. As a whole, this...
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- BOK Financial Corp.
- Commerce Bancshares Inc.
- UMB Financial Corp.
- M&T Bank Corp.
- BancorpSouth Inc.
- TCF Financial Corp.
- Webster Financial Corp.
- Susquehanna Bancshares Inc.
- FirstMerit Corp.
- Valley National Bancorp
- Astoria Financial Corp.
- People's United Financial Inc.
- Cullen/Frost Bankers Inc.
- Whitney Holding Corp.
- City National Corp.
- First Republic Bank
- Wilmington Trust Corp.
- Associated Banc Corp.
- New York Community Bancorp Inc.
- Trustmark Corp.
- First Midwest Bancorp Inc.
- SVB Financial Group
- UBS Bank USA
- First Niagara Financial Group Inc.
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