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Overall delinquencies decline, net charge-offs rise at US banks in Q1'19

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Overall delinquencies decline, net charge-offs rise at US banks in Q1'19

Credit quality continued to improve at U.S. banks and thrifts in the first quarter, as total delinquencies fell to 1.62% of all loans and leases as of March 31, down from 1.63% at the end of 2018 and 1.80% in the year-ago quarter.

Commercial and industrial loan delinquencies rose nearly 26% quarter over quarter to $25.92 billion as of March 31, while the delinquency ratio rose to 1.18% from 0.95% at the end of 2018. Meanwhile, delinquent consumer and one- to four-family residential loans fell by roughly 10% and 5%, respectively, quarter over quarter.

Total net charge-offs edged up to $12.71 billion in the first quarter from $12.61 billion in the fourth quarter of 2018, also higher than the $12.07 billion in net charge-offs logged in the year-ago quarter.

Among the top 25 banks and thrifts by total loans and leases, 17 reported lower nonperforming assets quarter over quarter in the first quarter.

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Click here to access a template containing key asset quality metrics.

Commercial banks, savings banks, and savings and 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 MI website or in the MI Excel-add in tool.