KBRA Releases U.S. Bank 3Q21 Compendium and 2022 Outlook

Rhea-AI Summary

Kroll Bond Rating Agency (KBRA) has released its Third-Quarter 2021 U.S. Bank Compendium, providing insights into the U.S. banking sector's performance and outlook for 2022. The report reviews 3Q21 results for U.S. banks under KBRA ratings, focusing on key credit metrics and ratios. Additionally, it highlights the top 10 banks with the lowest cost deposits and analyzes changes in return on assets and nonperforming asset ratios. The compendium also includes a detailed supplement of 187 rated bank debt issues. Amalgamated Financial Corp. (NASDAQ: AMAL) holds a BBB rating with a Stable Outlook.

Positive

• KBRA provides a comprehensive overview of U.S. bank performance for 3Q21.
• The report includes performance metrics, top deposit franchises, and credit insights.
• Amalgamated Financial Corp. receives a solid BBB rating from KBRA.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Kroll Bond Rating Agency (KBRA) releases its Third-Quarter 2021 U.S. Bank Compendium and 2022 Outlook. The compendium provides our latest view of the U.S. banking sector including KBRA’s sector outlook for 2022 and analyzes the 3Q21 results of U.S. banks with KBRA long-term ratings. The Compendium also includes our quarterly environmental, social, and governance (ESG) Bulletin, which, in this issue, features Amalgamated Financial Corp. (NASDAQ: AMAL; KBRA Senior BHC Rating: BBB / Stable Outlook).

The Compendium includes 3Q21 summaries on all publicly traded U.S. banks in KBRA’s rated universe, focusing on key performance and credit metrics, along with medians of key ratios. The Compendium also includes the top 10 lowest cost deposit franchises, highest reserves to loans, and largest sequential changes in return on assets, net interest margin, net charge-offs, and nonperforming asset ratios. In addition, we provide a supplement with 187 debt issues—along with rating, amount issued, coupon, and maturity—among KBRA-rated banks.

Click here to view the report.

Related Publications

• Third-Quarter 2021 U.S. Bank Compendium Ratio Spreadsheet
• Third-Quarter 2021 U.S. Bank Compendium Bank Debt Worksheet
• Podcast: Bank Compendium Insights: 3Q 2021

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005679/en/

Leah Hallfors, Director

+1 (301) 969-3242

leah.hallfors@kbra.com

John Rempe, Director

+1 (301) 969-3045

john.rempe@kbra.com

Brian Ropp, Senior Director

+1 (301) 969-3244

brian.ropp@kbra.com

Bryan So, Director

+1 (301) 969-3246

bryan.so@kbra.com

Ian Jaffe, Managing Director

+1 (646) 731-3302

ian.jaffe@kbra.com

Joe Scott, Senior Managing Director

+1 (646) 731-2438

joe.scott@kbra.com

Business Development Contact

Nish Kumar, Managing Director

+1 (646) 731-3372

nish.kumar@kbra.com

Source: Kroll Bond Rating Agency

FAQ

What insights does KBRA's Third-Quarter 2021 Compendium provide about U.S. banks?

KBRA's report analyzes 3Q21 results, highlighting key performance metrics and credit ratings for U.S. banks.

What is the rating of Amalgamated Financial Corp. by KBRA?

Amalgamated Financial Corp. (NASDAQ: AMAL) holds a BBB rating with a Stable Outlook from KBRA.

What key performance metrics are included in KBRA's U.S. Bank Compendium?

The compendium includes metrics on return on assets, net interest margin, net charge-offs, and nonperforming asset ratios.

How many debt issues are analyzed in the KBRA U.S. Bank Compendium?

The compendium provides a supplement covering 187 debt issues among KBRA-rated banks.

What is the outlook for the U.S. banking sector according to KBRA?

KBRA's compendium includes an outlook for the U.S. banking sector for the year 2022.