The collapse of two major U.S. banks within days has put the spotlight on other mid-cap lenders’ balance sheets, with a few of them rushing to calm investors’ fears of a contagion in the broader financial system.
Here are the five regional lenders in the U.S. with the biggest chunk of uninsured deposits:
First Republic Bank
1. Uninsured deposits – $119.5 billion
2. Uninsured deposits as % of total deposits – 68%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $471 million
4. Stock performance month-to-date as of Friday’s close – Plunged 33.5%
5. Recent events – Secured additional funds from JPMorgan Chase & Co., says has over $70 billion of unused capital
Comerica Bank
1. Uninsured deposits – $45.5 billion
2. Uninsured deposits as % of total deposits – 62%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $3.03 billion
4. Stock performance month-to-date as of Friday’s close – Dropped 16.1%
Western Alliance Bank
1. Uninsured deposits – $31.1 billion
2. Uninsured deposits as % of total deposits – 58%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $674.9 million
4. Stock performance month-to-date as of Friday’s close – Dropped 16.1%
5. Recent events – Reaffirmed full-year deposit growth forecast of 13% to 17% after crisis at SVB
Zions Bank
1. Uninsured deposits – $37.6 billion
2. Uninsured deposits as % of total deposits – 53%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $1.63 billion
4. Stock performance month-to-date as of Friday’s close – Fell 20.3%
Synovus Bank
1. Uninsured deposits – $25.1 billion
2. Uninsured deposits as % of total deposits – 51%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 – $1.6 billion
4. Stock performance month-to-date as of Friday’s close – Down 17%
Source: Company filings, Refinitiv, FDIC data, analyst notes
© 2023 Thomson/Reuters. All rights reserved.
