NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a compendium analyzing the fourth quarter results of the U.S. public banking institutions with KBRA long-term ratings. This issue of KBRA’s Bank Compendium includes a recap of our recently published report entitled: Late-in-the-Cycle Perspectives on Bank Performance, which touched on key themes that KBRA is focusing on over the near to intermediate term, averages of key financial ratios, and one page summaries for each bank.
As expected, reported earnings for many banks were negatively impacted by deferred tax valuation adjustments in the fourth quarter of 2017. KBRA’s universe of publicly traded domestic banking institutions generally reported sound core operating earnings, capitalization, asset quality, and margins, which compared closely to the financials reported in the prior quarter. Ratings remained largely unchanged, as did the overall rating distribution since the Third Quarter 2017 Compendium was published on November 6, 2017. The following ratings actions and changes have been made since the last report:
- Five institutions were assigned new ratings.
- The ratings for one institution were upgraded.
- The ratings for three institutions were withdrawn.
- The Outlooks for two institutions were changed.
Please click here to access the report.
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KBRA is a full service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.