The failure of two top U.S. banks within days has cast the spotlight on other mid-cap lenders’ balance sheets, with a few of them racing to allay investors’ fears of a contagion in the broader financial system.
Here are the five regional banks in the U.S. with the largest chunk of uninsured deposits:
FIRST REPUBLIC BANK (FRC.N) –
- Uninsured deposits – $119.5 billion
- Uninsured deposits as % of total deposits – 68%
- Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $471 million
- Stock performance month-to-date as of Friday’s close – Dropped 33.5%
- Recent events – Secured extra funds from JPMorgan Chase & Co (JPM.N), says has more than $70 billion of unused capital
COMERICA BANK (CMA.N)
- Uninsured deposits – $45.5 billion
- Uninsured deposits as % of total deposits – 62%
- Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $3.03 billion
- Stock performance month-to-date as of Friday’s close – Plunged 16.1%
WESTERN ALLIANCE BANK (WAL.N)
- Uninsured deposits – $31.1 billion
- Uninsured deposits as % of total deposits – 58%
- Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $674.9 million
- Stock performance month-to-date as of Friday’s close – Fell 16.1%
- Recent events – Reiterated full-year deposit growth forecast of 13% to 17% after the crisis at SVB
ZIONS BANK (ZION.O)
- Uninsured deposits – $37.6 billion
- Uninsured deposits as % of total deposits – 53%
- Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $1.63 billion
- Stock performance month-to-date as of Friday’s close – Dropped 20.3%
SYNOVUS BANK (SNV.N)
- Uninsured deposits – $25.1 billion
- Uninsured deposits as % of total deposits – 51%
- Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $1.6 billion
- Stock performance month-to-date as of Friday’s close – Fell 17%
Source: Company filings, Refinitiv, FDIC data, analyst notes
