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posted on 18 June 2017

Profitability Rose At Large U.S. Banks And Small Tristate Banks In 1Q2017

from the Philadelphia Fed

In the first quarter of 2017, profitability rose at large U.S. banks and small tristate banks and was mostly flat at small U.S. banks. The rise in profitability at large banks was mainly due to rising market interest rates and low noninterest expenses. Profitability at small banks rose mainly due to lower noninterest expenses.

Asset growth decelerated at large banks. Loan growth at large U.S. banks slowed significantly, chiefly because of the continued cooling of commercial real estate (CRE) and commercial and industrial (C&I) lending. Loan growth at small U.S. banks and small tristate banks remained strong, especially at small tristate banks, but the rate of growth slowed.

The growth rates of construction loans and multifamily loans slowed significantly at small tristate banks. Nonetheless, asset growth was steady at small U.S. banks and rose at small tristate banks. Asset quality continued to improve for all banks, more so at large U.S. banks. But C&I nonperforming loans (NPLs) saw yet another slight uptick, and nonperforming consumer loans at large banks and small banks outside the tristate area also rose modestly. Deposit growth remained strong, with a moderate increase in core deposits at all banks.

[click on image below to read the report]


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