Bank Deposits Migrate into Interest-Bearing Accounts
Nearly 80% of U.S. banks reported increases in total deposits. A similar percentage of banks reported increases in interest-bearing deposits but the same cannot be said for non-interest-bearing, or core, deposits. Today, the average net interest margin at our nation’s banks is at…
New Bank Data and Star-Ratings
All bank star-ratings have now been updated to reflect March 31, 2025 financial data. The good news was that industry net income was a healthy $70.6 billion. However, the percent of noncurrent loans (90 days or more past due) increased…
More than 27,000 Bankers Lost Their Jobs in 2024
After several years of losing employees by way of a slow taper, the banking industry hired robustly during and after the COVID shutdown. By 2023, the industry was ready to shed some of those new hires, and it did so.…