Commence a bank run of epic proportions of the biggest regional banks, starting with this list:
Bank Ticker City AOCI ($mil) Total equity capital ($mil) AOCI/ TEC-- AOCI Total assets ($mil)
Customers Bancorp Inc. CUBI West Reading, Pa. -$163 $1,403 -10.4% $20,896
First Republic Bank FRC San Francisco -$331 $17,446 -1.9% $213,358
Sandy Spring Bancorp Inc. SASR Olney, Md. -$132 $1,484 -8.2% $13,833
New York Community Bancorp Inc. NYCB Hicksville, N.Y. -$620 $8,824 -6.6% $90,616
First Foundation Inc. FFWM Dallas -$12 $1,134 -1.0% $13,014
Ally Financial Inc. ALLY Detroit -$4,059 $12,859 -24.0% $191,826
Dime Community Bancshares Inc. DCOM Hauppauge, N.Y. -$94 $1,170 -7.5% $13,228
Pacific Premier Bancorp Inc. PPBI Irvine, Calif. -$265 $2,798 -8.7% $21,729
Prosperity Bancshare Inc. PB Houston -$3 $6,699 -0.1% $37,751
Columbia Financial, Inc. CLBK Fair Lawn, N.J. -$179 $1,054 -14.5% $10,408
SVB Financial Group SIVB Santa Clara, Calif. -$1,911 $16,295 -10.5% $211,793
Source: FactSet
Bank Ticker City AOCI ($mil) Total equity capital ($mil) AOCI/ (TEC -- AOCI) Total assets ($mil)
Comerica Inc. CMA Dallas -$3,742 $5,181 -41.9% $85,406
Zions Bancorporation N.A. ZION Salt Lake City -$3,112 $4,893 -38.9% $89,545
Popular Inc. BPOP San Juan, Puerto Rico -$2,525 $4,093 -38.2% $67,638
KeyCorp KEY Cleveland -$6,295 $13,454 -31.9% $189,813
Community Bank System Inc. CBU DeWitt, N.Y. -$686 $1,555 -30.6% $15,911
Commerce Bancshares Inc. CBSH Kansas City, Mo. -$1,087 $2,482 -30.5% $31,876
Cullen/Frost Bankers Inc. CFR San Antonio -$1,348 $3,137 -30.1% $52,892
First Financial Bankshares Inc. FFIN Abilene, Texas -$535 $1,266 -29.7% $12,974
Eastern Bankshares Inc. EBC Boston -$923 $2,472 -27.2% $22,686
Heartland Financial USA Inc. HTLF Denver -$620 $1,735 -26.3% $20,244
First Bancorp FBNC Southern Pines, N.C. -$342 $1,032 -24.9% $10,644
Silvergate Capital Corp. Class A SI La Jolla, Calif. -$199 $603 -24.8% $11,356
Bank of Hawaii Corp BOH Honolulu -$435 $1,317 -24.8% $23,607
Synovus Financial Corp. SNV Columbus, Ga. -$1,442 $4,476 -24.4% $59,911
(MORE TO FOLLOW) Dow Jones Newswires
Remember when Fannie Mae and Freddie Mac insurance saved you? And FDIC? In 2008? LOL
Name a single federal government insurance program that hasn't gone broke? Social Security? Medicare? LOL FDIC already went broke years ago. This wouldn't even be the first time.
This is why wanting Obamacare was so retarded. The federal government had already bankrupted every insurance program it ever managed. Why would Obamacare be any different?
At your universities, all the overpaid egghead pseudo-intellectuals tow the line for government power grabs every time.
Probably true but then again this would likely turn into QE INFINITY 3.0
Gyna is right. Multi year inflation, back to QE (brrrrrrrrrrr) and M3 and beyond. We will have our Unkle Sams but what do we buy with them?
Fuck you. How's that?
Pdf sources: https://www.fdic.gov/about/financial-reports/reports/2022annualreport/ar22section3.pdf
If :
AND
THEN
Commence a bank run of epic proportions of the biggest regional banks, starting with this list:
Bank Ticker City AOCI ($mil) Total equity capital ($mil) AOCI/ TEC-- AOCI Total assets ($mil) Customers Bancorp Inc. CUBI West Reading, Pa. -$163 $1,403 -10.4% $20,896 First Republic Bank FRC San Francisco -$331 $17,446 -1.9% $213,358 Sandy Spring Bancorp Inc. SASR Olney, Md. -$132 $1,484 -8.2% $13,833 New York Community Bancorp Inc. NYCB Hicksville, N.Y. -$620 $8,824 -6.6% $90,616 First Foundation Inc. FFWM Dallas -$12 $1,134 -1.0% $13,014 Ally Financial Inc. ALLY Detroit -$4,059 $12,859 -24.0% $191,826 Dime Community Bancshares Inc. DCOM Hauppauge, N.Y. -$94 $1,170 -7.5% $13,228 Pacific Premier Bancorp Inc. PPBI Irvine, Calif. -$265 $2,798 -8.7% $21,729 Prosperity Bancshare Inc. PB Houston -$3 $6,699 -0.1% $37,751 Columbia Financial, Inc. CLBK Fair Lawn, N.J. -$179 $1,054 -14.5% $10,408 SVB Financial Group SIVB Santa Clara, Calif. -$1,911 $16,295 -10.5% $211,793 Source: FactSet
Bank Ticker City AOCI ($mil) Total equity capital ($mil) AOCI/ (TEC -- AOCI) Total assets ($mil) Comerica Inc. CMA Dallas -$3,742 $5,181 -41.9% $85,406 Zions Bancorporation N.A. ZION Salt Lake City -$3,112 $4,893 -38.9% $89,545 Popular Inc. BPOP San Juan, Puerto Rico -$2,525 $4,093 -38.2% $67,638 KeyCorp KEY Cleveland -$6,295 $13,454 -31.9% $189,813 Community Bank System Inc. CBU DeWitt, N.Y. -$686 $1,555 -30.6% $15,911 Commerce Bancshares Inc. CBSH Kansas City, Mo. -$1,087 $2,482 -30.5% $31,876 Cullen/Frost Bankers Inc. CFR San Antonio -$1,348 $3,137 -30.1% $52,892 First Financial Bankshares Inc. FFIN Abilene, Texas -$535 $1,266 -29.7% $12,974 Eastern Bankshares Inc. EBC Boston -$923 $2,472 -27.2% $22,686 Heartland Financial USA Inc. HTLF Denver -$620 $1,735 -26.3% $20,244 First Bancorp FBNC Southern Pines, N.C. -$342 $1,032 -24.9% $10,644 Silvergate Capital Corp. Class A SI La Jolla, Calif. -$199 $603 -24.8% $11,356 Bank of Hawaii Corp BOH Honolulu -$435 $1,317 -24.8% $23,607 Synovus Financial Corp. SNV Columbus, Ga. -$1,442 $4,476 -24.4% $59,911 (MORE TO FOLLOW) Dow Jones Newswires
03-10-23 1516ET
Brings up another good point- some of these banks have huge amortized losses. Wow look at ALLY. Car loans in general are a powder keg
Remember when Fannie Mae and Freddie Mac insurance saved you? And FDIC? In 2008? LOL
Name a single federal government insurance program that hasn't gone broke? Social Security? Medicare? LOL FDIC already went broke years ago. This wouldn't even be the first time.
This is why wanting Obamacare was so retarded. The federal government had already bankrupted every insurance program it ever managed. Why would Obamacare be any different?
At your universities, all the overpaid egghead pseudo-intellectuals tow the line for government power grabs every time.