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U.S. Regional Banks 2Q 2023 Update: Resilience Tested Amid Challenging Operating Conditions

Published Sep 07, 2023

25 pages (4900 words) — Published Sep 07, 2023

Price US$ 600.00 | Buy this Report Now

About This Report

Abstract:

U.S. regional banks reported higher earnings in second-quarter 2023 than the prior year?s second quarter, aided by substantially higher net interest income (NII) and modest growth in noninterest income, despite higher loan provisions. However, earnings declined sequentially because of slower NII growth and higher expenses and provisions.

Brief Excerpt:

...Earnings were up 8% year-over-year in Q2 supported by higher NII and modestly higher noninterest revenue, but were down sequentially, primarily due to higher provisions and expenses....

Report Type:

Commentary

Ticker

VLY

Issuer

Valley National Bancorp

GICS

Regional Banks (40101015)

Sector

Global Issuers , Public Finance , Structured Finance

Country

United States

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "U.S. Regional Banks 2Q 2023 Update: Resilience Tested Amid Challenging Operating Conditions" Sep 07, 2023. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/U-S-Regional-Banks-2Q-2023-Update-Resilience-Tested-Amid-Challenging-Operating-Conditions-3052091>

APA:	S&P Global Ratings’ Credit Research. (). U.S. Regional Banks 2Q 2023 Update: Resilience Tested Amid Challenging Operating Conditions Sep 07, 2023. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/U-S-Regional-Banks-2Q-2023-Update-Resilience-Tested-Amid-Challenging-Operating-Conditions-3052091>

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