KBRA releases its first-quarter 2024 U.S. Bank Compendium, providing the latest view of the U.S. banking industry and analysis of 1Q24 results for U.S. banks with KBRA long-term ratings.

In this edition, we discuss our view that the higher interest rate environment continues to pressure banks’ earnings. That said, narrowing funding betas paired with slower loan growth, and proactive repositioning of the investment portfolio for some, suggest net interest income stability could be on the horizon for many KBRA-rated banks in 2H24. Furthermore, a gradual uptick in nonperforming assets has not caused any imminent concerns through 1Q24. Loss absorption capacity is reinforced by a higher level of core capital, which remains an important mitigant in the event of negative credit migration. This KBRA report also examines other key topics and trends relevant to the banking sector. The Compendium includes 1Q24 summaries on all publicly traded U.S. banks in KBRA’s rated universe, focusing on key performance and credit metrics, along with medians of key ratios. The Compendium also includes the top 10 lowest cost deposit franchises, highest reserves to loans, and largest sequential changes in return on assets, net interest margin, net charge-offs, and nonperforming asset ratios. Further, we provide a supplement with 147 debt issues—along with rating, amount issued, coupon, and maturity—among KBRA-rated banks.

Click here to view the report.

Related Publications

• First-Quarter 2024 U.S. Bank Compendium Ratio Spreadsheet
• First-Quarter 2024 U.S. Bank Compendium Bank Debt Worksheet

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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