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Credit quality strengthens at US banks and thrifts in Q2

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

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Credit quality strengthens at US banks and thrifts in Q2

Loan delinquencies declined again in the second quarter.

The percentage of delinquent loans to total loans fell to 1.85% as of June 30, a 15-basis-point decline from the first quarter and a 28-basis-point decline from the year-ago quarter. Aggregate delinquent loans and leases dropped by 6.07% during the second quarter to $174.99 billion, driven by a $6.47 billion decline in delinquent one- to four-family mortgage loans.

Nonperforming assets decreased by 4.28% over the quarter to $144.15 billion, which was equal to 0.84% of total assets. Total nonaccrual loans fell by $4.55 billion to $70.43 billion.

Net charge-offs increased by 11.47% year over year to $11.28 billion, led by consumer net charge-offs, which increased by 23.46% from the year-ago quarter to $8.62 billion.

Net charge-offs as a percentage of average loans increased for 16 of the 25 largest banks and thrifts by loans but fell for three of the "Big Four."

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Click here to access a template containing key performance metrics, credit quality, balance sheets and income statements for banks and credit unions.

Commercial banks, savings banks and savings & loan associations report information on past-due and nonaccrual loans on call report Schedule RC-N, which can be accessed under the Regulatory Financials section of a company's page on the SNL website or in SNL's Excel-add in tool.