In the past 20 years, the number of banks in the United States has been cut in half while industry assets have grown by 163%. Some of this is due to mergers and acquisitions as the industry has consolidated. Upon…
U.S. Credit Card Debt Surpasses $1 Trillion
Household Debt in the United States has increased 53% in the past 10 years and consumers are becoming less optimistic about their financial futures. There are 53 banks that saw their consumer loan portfolios grow at least 2.5% during the…
All New Credit Union Star-Ratings Available
Credit Unions posted double digit increases in all major loan categories over the 12 month period ending June 30, 2023. However, delinquencies and charge-offs are also on the rise. So, much like we reported with banks last week, the 51…
Asset Quality Shows “Modest Deterioration”
On Thursday (9/7/23), the FDIC finally released its Quarterly Banking Profile (QBP) detailing the banking industry at the close of the second quarter 2023. In the FDIC reported that “Asset quality metrics remained favorable despite modest deterioration.” As an industry…
All New Bank Star-Ratings this Week
At $42.2 billion, loan loss provisions for the first half of 2023 were nearly 160% higher than the first half of last year. As an industry, banks are well-provisioned to handle any upcoming downturn. However, not all individual banks can…