NOV 15, 2024, 1:00 PM UTC
By KFI Staff
An overview of KBRA Financial Intelligence (KFI): A bank and credit union risk platform for peer benchmarking.
NOV 14, 2024, 2:00 PM UTC
By KFI Staff
U.S. banks have benefited from substantial tax savings since the 2017 tax cuts, with further revisions to tax policy anticipated by the end of 2025.
NOV 8, 2024, 5:00 PM UTC
By Van Hesser
Fed Chair Powell was asked if he would leave his post ahead of his term ending in 2026 if the President-elect asked him to. Powell steeled himself and delivered a stern one-word response: “No.” Sounds like Chair Powell is not going anywhere.
NOV 7, 2024, 2:00 PM UTC
By KFI Staff
Traders adjust expectations around future Fed rate cuts. The impact of an elevated benchmark rate on the U.S. fiscal deficit and long-term Treasury yields. The largest monthly rebound in 30-year mortgage rates since 2022
NOV 4, 2024, 2:00 PM UTC
By KFI Staff
New financial sector regulations proposed by both major U.S. presidential candidates may affect noninterest income earned by banks through fees and credit card lending. Efforts to limit fees and annual percentage rates (APR) may face legal challenges.
NOV 1, 2024, 5:00 PM UTC
By Van Hesser
In any event, I think we’ve finally hit a wall in terms of credit market activity, according to my market sources. Activity has ground to a halt ahead of, what’s that again? Oh, yeah, the election. Not that we expect we’ll know all that much on the night.
OCT 31, 2024, 1:00 PM UTC
By KFI Staff
As U.S. regulatory agencies struggle to agree on new capital rules for banks, the upcoming presidential election could shift the process by influencing leadership appointments, including a new Federal Reserve chair.
OCT 25, 2024, 4:00 PM UTC
By Van Hesser
This week, our 3 Things are: U.S. exceptionalism. What’s driving it? Reality check. We’ll check in on two broad-based barometers of economic growth. Illiquidity premium. Here’s how Blackstone sees it.
OCT 24, 2024, 1:00 PM UTC
By KFI Staff
Rising provisions for anticipated credit losses are becoming a recurring theme of the banking sector’s earnings season. Credit cards are leading a gradual uptick in delinquency rates. This may signal a coming deterioration of loan book quality.
OCT 18, 2024, 4:00 PM UTC
By Van Hesser
This week, our 3 Things are: Tight spreads. Big bank credit color. Consumer expectations.
OCT 16, 2024, 1:00 PM UTC
By KFI Staff
New and used vehicles discounts have only recently managed to stem a net decline in outstanding auto lending. Potential Fed easing on the horizon may provide banks with an opportunity to offer more competitive financing and refinancing options.
OCT 11, 2024, 1:00 PM UTC
By Van Hesser
Interesting to hear Jamie Dimon tick off this week what he sees as unsettling sources of inflation: remilitarization, large fiscal deficit, energy transition, unfavorable demographics. Something to get your mind off of the implications of the election.
OCT 9, 2024, 2:00 PM UTC
By KFI Staff
By using KFI’s suite of bank data in conjunction with FEMA disaster data, we analyze the exposure of bank deposits and branches to areas across six states recently slammed by Hurricane Helene. Part of this region could be hit again in the coming days.
OCT 4, 2024, 2:00 PM UTC
By Van Hesser
The economy printed a 3.0% bump in Q2 GDP, financial conditions are highly favorable, and corporate earnings growth is better than expected. There were off-the-charts jobs reports. Is this all lining up to be as good a landing? Time will tell.
OCT 3, 2024, 1:00 PM UTC
By KFI Staff
The Fed’s policy shift and its impact on bank deposit compositions, as well as the M1 and M2 monetary aggregates. A surge in time deposits could create a funding overhang, squeezing some banks’ lending margins.
SEP 30, 2024, 1:00 PM UTC
By KFI Staff
KBRA Financial Intelligence (KFI) breaks down the data behind the FDIC’s latest Summary of Deposits (SOD) report. We utilize two state markets to analyze which banking institutions maintain the largest physical footprints and deposit share.
SEP 20, 2024, 2:00 PM UTC
By Van Hesser
We know the Fed is beginning the rate cutting part of its cycle. We know that cycle has a way to go. Sure, 50 bps was a surprise to economists and investors (but not markets), judging by polls taken Wednesday prior to the release.
SEP 20, 2024, 2:00 PM UTC
By KFI Staff
Outstanding residential construction lending among U.S. commercial banks in 2Q 2024 slipped to its lowest level in years.
SEP 13, 2024, 1:00 PM UTC
By Van Hesser
Ally’s unexpected bad debt costs suggest that tighter consumer credit will limit growth. Signals are not reassuring from the sector that accounts for 40% of GDP. Steering clear of zombie companies and global slowdown are near-term risks to navigate.
SEP 12, 2024, 1:00 PM UTC
By KFI Staff
Most Americans locked into 30-year fixed mortgages bought or refinanced at a rate of 4.0% or less in previous years. That is putting a freeze on mortgage purchasing. The delinquency rate on outstanding residential mortgages remains near historic lows.
SEP 6, 2024, 1:00 PM UTC
By Van Hesser
It’s September, which is no long-term investor’s favorite month. It is the only month of the year where the average stock market performance is negative. And in credit, average returns have been negative for the past 10- 20- and 30-year Septembers.
SEP 5, 2024, 2:00 PM UTC
By KFI Staff
Fed officials signaled imminent rate cuts, confirming monetary easing and intensifying front-running at the yield curve's long end, which is depressing long-term rates. Short-term rates may hold steady until the Fed's pivot, putting pressure on banks.
AUG 23, 2024, 2:00 PM UTC
By Van Hesser
Van Hesser's latest 3 Things in Credit.
AUG 22, 2024, 3:00 PM UTC
By KFI Staff
The total securities portfolio of U.S. banks stabilized at $5.5 trillion, with held-to-maturity (HTM) securities representing 44% of the portfolio.
AUG 20, 2024, 2:00 PM UTC
By KFI Staff
Financial Assessment Scores Released for Over 370 U.S. Bank Holding Companies
AUG 16, 2024, 2:00 PM UTC
By Van Hesser
If you were lucky enough to sleep through the past two weeks, you would have awakened to a VIX that went from 18 to 15, the S&P 500 that is essentially unch’d, and high-yield credit spreads that drifted a touch wider.
AUG 14, 2024, 2:00 PM UTC
By KFI Staff
KFI’s review of 2Q 2024 bank performance trends
AUG 14, 2024, 1:00 PM UTC
By KFI Staff
Financial Assessment Scores Released for Nearly 4,500 U.S. Banks
AUG 8, 2024, 2:00 PM UTC
By KFI Staff
Check out KFI’s 2Q 2024 bank snapshot for the top 30 regional and community banks by asset size
AUG 7, 2024, 2:00 PM UTC
By KFI Staff
Check out KFI’s 2Q 2024 bank snapshot for the largest U.S. banks by assets
AUG 2, 2024, 2:00 PM UTC
By Van Hesser
It’s been a dizzying week of newsflow with FOMC, jobs, and Big Tech earnings. A lot of uncertainty has been cleared up. One last bit of news we’re waiting on—how many Olympic triathletes got sick from swimming in the Seine.
AUG 1, 2024, 6:00 PM UTC
By KFI Staff
KFI Insights: Analyzing Regional Banks’ CRE Exposure, FDIC’s Brokered Deposits Stance, and M&A Highlights
JUL 28, 2024, 2:00 PM UTC
By KFI Staff
The updated version of the KFI Excel add-in comes with important enhancements for Pro users.
JUL 26, 2024, 4:00 PM UTC
By Van Hesser
Van Hesser's latest 3 Things in Credit
JUL 24, 2024, 2:00 PM UTC
By KFI Staff
Access enhanced GAAP data for loans on KFI. Pro users can explore granular loan categories including health care, government, commercial real estate (CRE), and student Loans with detailed past due breakdowns.
JUL 19, 2024, 4:00 PM UTC
By Van Hesser
Van Hesser's latest 3 Things in Credit
JUL 17, 2024, 2:00 PM UTC
By KFI Staff
KFI subscribers can quickly identify and analyze M&A opportunities with pro forma exploration using our branch mapping tool and SOD data.
JUL 12, 2024, 4:00 PM UTC
By Van Hesser
Van Hesser's latest 3 Things in Credit
JUL 11, 2024, 5:00 PM UTC
By KFI Staff
KFI’s Market Volatility Scores can help identify banks with heightened liquidity risk in real time.
JUL 1, 2024, 4:00 PM UTC
By KFI Staff
In the June 2024 edition of KFI Insights, we cover bank NIM changes, C&D loan concentration, the latest Fed research, and recent M&A deals.
JUN 28, 2024, 4:00 PM UTC
By Van Hesser
U.S. credit is as sanguine as it has been in history. Over the last 100-plus years, BBB yields have rarely been as low relative to T-bills. The curve is almost flat. This, courtesy of our friends at Deutsche Bank.
JUN 24, 2024, 4:00 PM UTC
By KFI Staff
Credit unions experienced steady growth in membership, deposits, and lending.
JUN 21, 2024, 4:00 PM UTC
By Van Hesser
It’s also midyear outlook time and a sampling of titles from various sources has always been an interesting exercise. In the latest batch, we notice a common thread of caution.
JUN 17, 2024, 5:00 PM UTC
By KFI Staff
Explore the new detailed loans and leases portfolio
JUN 14, 2024, 5:34 PM UTC
By KFI Staff
The first quarter of 2024 indicates a decline in loan growth and stabilization in bank delinquencies.
JUN 14, 2024, 4:00 PM UTC
By Van Hesser
We’re all data dependent, right? I’m not sure what the alternative is.
JUN 10, 2024, 2:00 PM UTC
By KFI Staff
Financial health scores released for 4,600+ credit unions.
JUN 7, 2024, 5:00 PM UTC
By Van Hesser
Banks, spreads, and rate cuts. Let's dig a bit deeper.
MAY 31, 2024, 4:00 PM UTC
By KFI Staff
This month we cover rising cost of funds, Fed study on March 2023 bank failures and recent M&A
MAY 31, 2024, 2:00 PM UTC
By Van Hesser
Can you handle complexity and illiquidity? The Chicago Fed says it's in your interest to do so.
MAY 24, 2024, 4:00 PM UTC
By Van Hesser
Summer's here and the time is right for thinking about the future. With risk priced aggressively, now is the time to test your conviction.
MAY 22, 2024, 5:30 AM UTC
By KFI Staff
A review of 1Q 2024 banking trends
MAY 17, 2024, 5:00 PM UTC
By Van Hesser
Jamie Dimon dismisses Goldilocks as "happy talk." 3 Things doesn't fall prey to that. This week we sift through the inflation data, take stock of our Two Economies, and notice that $2.1 trillion of savings is gone.
MAY 17, 2024, 4:00 PM UTC
By KFI Staff
Bank KFI Scores fell in 1Q 2024, with declines outpacing increases.
MAY 11, 2024, 6:00 PM UTC
By Van Hesser
Wondering how middle market borrowers in private credit are doing? We've got some data that the market has found interesting. Have a look/listen.
MAY 10, 2024, 5:00 PM UTC
By KFI Staff
Financial health scores released for 4,500+ banks.
MAY 7, 2024, 3:00 PM UTC
By KFI Staff
KFI's Snapshot report compares lenders across five financial metrics.
MAY 3, 2024, 4:00 PM UTC
By Van Hesser
What data thresholds shift sentiment when crossed? We list the ones we watch in today's 3 Three Things.
MAY 2, 2024, 5:00 PM UTC
By KFI Staff
KFI’s Market Volatility Scores Can Identity Banks With Heightened Liquidity Risk
APR 29, 2024, 6:00 PM UTC
By KFI Staff
In the April edition of KFI Insights, we cover the failure of Republic First, Van's view on Big Bank Earnings and recent M&A transactions.
APR 19, 2024, 5:00 PM UTC
By Van Hesser
Jay Powell tells us the economy's strong, so why is that bad news? It's not been for the big banks, where actual loan losses--and the outlook--remain relatively benign.
APR 18, 2024, 6:00 PM UTC
By KFI Staff
Banks reporting above-average exposure to fast-moving deposits and CRE
APR 18, 2024, 5:00 PM UTC
By KFI Staff
The largest credit card lenders and their delinquency rates across time.
APR 12, 2024, 4:00 PM UTC
By Van Hesser
What to make of that CPI print? Beware of the kneejerk reaction. Here's what we think it means for credit.
APR 11, 2024, 5:00 PM UTC
By KFI Staff
Credit union debt reached a new record after changes to regulatory rules made it easier for the lenders to tap the market.
APR 5, 2024, 5:00 PM UTC
By Van Hesser
On yet another hot jobs report day, we highlight color from small businesses and apparel companies that provides a counterpoint to that "no landing" scenario.
APR 1, 2024, 1:00 PM UTC
By KFI Staff
Sankey charts of the big four banks' income statements.
MAR 25, 2024, 12:30 PM UTC
By KFI Staff
The March 2024 edition of KFI Insights covers increasing CRE stress, introduces MVS Scores and highlights recent M&A deals
MAR 22, 2024, 5:00 PM UTC
By Van Hesser
So the Fed's latest forecast has gone full-on no landing. This week, we pick up on signals in the economic data, as well as the equity market that suggest something a bit softer. Let us know what you think.
MAR 21, 2024, 3:00 PM UTC
By KFI Staff
The biggest U.S. banks ranked by total assets in 4Q 2023, according to GAAP data.
MAR 15, 2024, 4:00 PM UTC
By Van Hesser
What's behind U.S. exceptionalism? We have a look amidst this "everything boom."
MAR 14, 2024, 4:30 PM UTC
By KFI Staff
Analyze all U.S. credit unions, leveraging Call Report data and KFI Scores.
MAR 13, 2024, 4:01 PM UTC
By KFI Staff
KFI's quarterly snapshot report provides a high-level view of the financial condition of NYCB's main subsidiary, Flagstar.
MAR 8, 2024, 4:00 PM UTC
By Van Hesser
Yet another risk-on week! Jay Powell's job is not getting any easier. This week, we delve into his decision to cut or not to cut. And our default specialist Eric Rosenthal updates his views on both default and recovery rates. Happy listening!
MAR 1, 2024, 4:00 PM UTC
By Van Hesser
Lots of euphoria talk out there in equities, that hasn't exactly passed through into credit markets. Why is that? Check out the latest 3 Things for some answers.
FEB 27, 2024, 3:00 PM UTC
By KFI Staff
The February edition of KFI Insights dives into the latest KFI Scores, growth of brokered deposits and snapshot reports
FEB 23, 2024, 3:30 PM UTC
By Van Hesser
I know, I know, it's NVIDIA's week (and that certainly did not hurt credit markets). Only slightly less topical is bank commercial real estate risk, a slowing economy, and private credit borrowers.
FEB 16, 2024, 6:00 PM UTC
By KFI Staff
Determine which lenders are reporting an increase in nonperforming loans.
FEB 16, 2024, 3:30 PM UTC
By Van Hesser
Van digs into tighter spreads, a volatile equity market and the still expected soft landing.
FEB 9, 2024, 4:00 PM UTC
By Van Hesser
This was the week when the S&P crossed 5,000. Yet, credit card delinquencies are on the rise, bankers are still tightening, and the Fed reminds us that we are still not out of the woods.
FEB 6, 2024, 11:00 AM UTC
By KFI Staff
KFI's bank snapshot analyzes the biggest lenders across five financial metrics for 4Q 2023
FEB 2, 2024, 4:00 PM UTC
By Van Hesser
Another eventful week in markets, who would have thought New York Community Bank would be so impactful?
JAN 26, 2024, 6:00 PM UTC
By KFI Staff
KFI's January edition covers first quarter earnings, potential rules to prevent another bank run and recent M&A.
JAN 26, 2024, 4:00 PM UTC
By Van Hesser
Don’t fight the tape. Words of wisdom, for sure, and we seem to be caught up in one of those moments where that advice is well taken. Don’t fight the tape.
JAN 22, 2024, 1:00 PM UTC
By KFI Staff
KFI Score Bank Failure History
JAN 19, 2024, 4:00 PM UTC
By Van Hesser
We start with economic growth. By definition, that means we are in the 50% of market strategists that see no recession.
JAN 12, 2024, 4:00 PM UTC
By Van Hesser
By the time you hear this, you will have seen and heard about Q4 earnings from J.P. Morgan Chase and hashtag#Bank of America. Both, obviously, great proxies for the broad economy—how consumers are doing, how businesses are doing, how they’ve done.
JAN 11, 2024, 3:30 PM UTC
By KFI Staff
See which lenders are reporting bigger jumps in their costs of funds relative to peers
JAN 5, 2024, 4:00 PM UTC
By Van Hesser
We discuss how the banks are alright, dig into recession calls and examine how loose financial conditions are.
DEC 21, 2023, 6:00 PM UTC
By KFI Staff
December's KFI Insights highlights some key numbers throughout the year, our KFI product upgrades, recent M&A deals, and Van Hesser’s latest 3 Things in Credit.
DEC 7, 2023, 2:00 PM UTC
By KFI Staff
View the top 15 banks by 3Q 2023 net interest margin (NIM) expansion and compression across bank asset size.
DEC 1, 2023, 4:00 AM UTC
By KFI Staff
A list of KFI Score definitions.
NOV 30, 2023, 6:00 PM UTC
By KFI Staff
The November edition covers climbing CRE Stress, KFI Score moves, and recent M&A.
NOV 21, 2023, 7:00 PM UTC
By KFI Staff
Trends in 3Q 2023 bank KFI Scores
NOV 7, 2023, 5:00 PM UTC
By KFI Staff
The analysis compares banks across five financial metrics
NOV 6, 2023, 7:00 PM UTC
By KFI Staff
A small community lender in Iowa was shuttered by regulators on November 3, marking the fifth bank failure this year.
OCT 27, 2023, 5:00 PM UTC
By KFI Staff
The October edition of KFI Insights covers the decline in membership at small credit unions, the effect of higher interest rates and recent M&A.
OCT 13, 2023, 12:01 PM UTC
By KFI Staff
The U.S. consumer is showing signs of stress with credit card balances reaching a record $1.03 trillion in Q2 2023.
OCT 6, 2023, 3:00 PM UTC
By KFI Staff
Bank deposits fell about $870 billion on a year-over-year basis for the first time in records going back to 1994
SEP 18, 2023, 6:00 PM UTC
By KFI Staff
The September 2023 KFI Insights delves into the growth of brokered deposits, recent M&A and the bank snapshot report.