by Calculated Danger on 12/12/2024 10:14:00 AM
The FDIC launched the Quarterly Banking Profile for Q3 2024:
The Trade’s Web Revenue Decreased From the Prior Quarter, Pushed by One-Time Gadgets
Third quarter web revenue for the 4,517 FDIC-insured business banks and financial savings establishments
decreased $6.2 billion (8.6 p.c) from the prior quarter to $65.4 billion. The quarterly lower in
web revenue was largely pushed by the absence of about $10 billion in one-time positive factors on fairness
safety transactions reported within the earlier quarter. The absence of those nonrecurring positive factors was
partially offset by sturdy web curiosity revenue within the third quarter.
…
Asset High quality Metrics Remained Usually Favorable, Although Weak spot in Sure Portfolios
Persists
The past-due and nonaccrual (PDNA) mortgage ratio elevated 6 foundation factors from the prior quarter to 1.54
p.c. This ratio was 18 foundation factors larger than the year-earlier quarter however beneath the pre-pandemic common of 1.94 p.c.2 Quarterly, banks reported a rise within the PDNA ratio in credit score
card mortgage portfolios (up 20 foundation factors to three.36 p.c), nonfarm nonresidential business actual
property (CRE) mortgage portfolios (up 7 foundation factors to 1.69 p.c), 1–4 household residential mortgage portfolios
(up 3 foundation factors to 1.83 p.c), and auto mortgage portfolios (up 5 foundation factors to three.13 p.c).
Yearly, the trade reported the biggest PDNA will increase in nonfarm nonresidential CRE mortgage
portfolios (up 43 foundation factors to 1.69 p.c), bank card mortgage portfolios (up 27 foundation factors to three.36
p.c), and business and industrial mortgage portfolios (up 20 foundation factors to 1.17 p.c).The trade’s web charge-off ratio decreased 1 foundation level to 0.67 p.c from the prior quarter however
was 16 foundation factors larger than the year-earlier quarter. This ratio was additionally 19 foundation factors above the
pre-pandemic common and remained the best quarterly ratio reported by the trade since
second quarter 2013. Bank card and nonfarm nonresidential CRE mortgage charge-offs drove the
quarterly lower within the web charge-off ratio, which was partially offset by a rise in business
and industrial mortgage charge-offs. The bank card web charge-off ratio was 4.48 p.c within the third
quarter, down 34 foundation factors quarter over quarter however nonetheless 100 foundation factors larger than the pre-pandemic common. The online charge-off ratio for nonfarm nonresidential CRE loans decreased 9 foundation
factors quarter over quarter to 0.29 p.c however was 25 foundation factors larger than the pre-pandemic
common.
emphasis added
Click on on graph for bigger picture.
From the FDIC:
The Variety of Drawback Banks Elevated
The variety of banks on the FDIC’s “Problem Bank List” elevated from 66 to 68. Whole property held
by drawback banks rose $3.9 billion to $87.3 billion. Drawback banks signify 1.5 p.c of whole
banks, which is inside the regular vary of 1 to 2 p.c of all banks throughout non-crisis intervals.
This graph from the FDIC exhibits the variety of drawback banks.
