trending Market Intelligence /marketintelligence/en/news-insights/trending/jhwtj8e4lu6ib9nz7xtczg2 content esgSubNav
In This List

C&I loans continued to rise as credit quality improved in Q2

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Top 100 Banks: Capital Ratios Show Resilience to the Pandemic

Blog

Banking Essentials Newsletter: October Edition


C&I loans continued to rise as credit quality improved in Q2

Aggregate commercial and industrial loans at U.S. banks and thrifts hit $2.077 trillion at the end of the second quarter, a 1.2% increase from the previous quarter and a 4.8% increase from the year-ago period.

SNL Image

Credit quality improved slightly during the period as well. Delinquent C&I loans accounted for 1.09% of total C&I loans as of June 30, down from 1.14% at the end of March and 1.35% in the year-ago quarter.

SNL Image

Bank of America Corp., the nation's largest C&I bank lender, reported $274.09 billion in C&I loans at the end of the second quarter, a 1.3% increase quarter over quarter and a 5.2% increase year over year. Approximately, 0.75% of Bank of America's C&I loans were delinquent or in nonaccrual status as of June 30, higher than 0.69% in the previous quarter but down from 0.85% in the year-ago quarter.

Alongside that growth, competition for these loans is getting more intense, a Bank of America executive said in July. During the bank's second-quarter earnings call, CFO Paul Donofrio said the company is seeing "aggressive terms and structure" for commercial loans.

SNL Image

SNL Image

Did you enjoy this analysis? Click here to set up real-time alerts for data-driven articles on the U.S. financial sector.

S&P Global compiles C&I data based on loans reported in call reports and in Form Y-9. Click here to see the aggregated data for commercial banks, here for savings banks, and here for savings and loan associations.