First Glance 12L

The 1Q16 issue of First Glance 12L shows the District’s economic and commercial bank performance remained sound. However, caution increased among equity and debt markets during 1Q16, crimping commercial mortgage securitization activity and venture capital deal volumes. Also, the authors noted that economic and banking statistics in most 12th District states have a history of above-average business cycle volatility.

The 4Q15 issue of First Glance 12L shows District jobs expanded and overall bank credit quality improved notwithstanding economic slowing abroad and commodity and equity price volatility. Regardless, 2015 was marked by historic low net charge-off activity and may be tough to beat for credit performance metrics.

The 3Q15 issue of First Glance 12L reveals continued healthy levels of bank loan growth within the 12th District, paralleling the improving economy, and ongoing improvements to bank earnings and credit quality.

The 2Q15 issue of First Glance 12L details the expansion of jobs, housing permits, and loan portfolios, and tightening of noninterest expenses, helping to lift District bank earnings.

The 2Q15 issue of First Glance 12L details the expansion of jobs, housing permits, and loan portfolios, and tightening of noninterest expenses, helping to lift District bank earnings.

The 1Q15 issue of First Glance 12L shows continued improvement in 12th District bank credit quality, yet profitability remained constrained by narrowing net interest margins. Prospectively, a strong dollar and extreme drought pose challenges to borrowers who export goods, rely on foreign visitor activity, or engage in water-intensive industries.

The 4Q14 issue shows that bank earnings improved incrementally, but mainly because stronger credit quality fueled lower overhead and provision expense burdens; low interest rates continued to pressure margins.

The 3Q14 issue of First Glance 12L shows accelerating bank loan growth in tandem with the expanding economy. Credit quality improved but low interest rates continued to pressure earnings

The 2Q14 issue of First Glance 12L shows that conditions in the District continued to improve. Though trends are positive, a return to “normalcy” by pre-crisis standards has not yet materialized.

The 1Q14 issue of First Glance 12L shows that many economic and banking metrics within the 12th District continue to get closer to “normal” levels (i.e., long-term non-recession average), but earnings challenges remain.