Coral Gables, Florida, June 16, 2021 Coral Gables, FL: BAUERFINANCIAL, Inc., the nation’s premier Bank and Credit Union rating firm, is pleased to report that the majority of U.S. banks have been able to reverse loan loss provisions as the…
Category: Bank Earnings
All Bank Ratings Now as of March 31, 2021 Data
The U.S. banking industry has readjusted its expectations of future credit losses, for the better. That was evident in the FDIC’s Quarterly Banking Profile (QBP) for March 31, 2021 data, which shows an aggregate negative provision expense of $14.5 billion.…
New Bank Data Shows Income Down Not Out
All bank star-ratings and reports are now based on year-end 2020 financial data. (Credit Unions will be updated soon.) Three new banks opened their doors during the fourth quarter, bringing the total number of de novos for 2020 up to…
Bank, Credit Union Employees Among 2020’s Unsung Heroes
Coral Gables, Florida, December 17, 2020 Coral Gables, FL: As we gladly say goodbye to 2020 and head into the unknown of 2021, BauerFinancial, Inc., the nation’s premier Bank and Credit Union rating firm, would like to recognize the hard…
Banks Report Lowest Net Income in a Decade
First quarter 2020 net operating income at the nation’s banks was $43.1 billion lower than a year ago. That’s a 71.6% drop, and the lowest number we’ve seen since the last recession. Some of that decrease can be attributed to…