trending Market Intelligence /marketintelligence/en/news-insights/trending/R7wH5CL4a2mb7P4n1kCHUQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Construction loans climb, delinquencies drop at US banks in Q3'19

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Construction loans climb, delinquencies drop at US banks in Q3'19

Construction loans at U.S. banks and thrifts rose to a new postcrisis high of $359.84 billion as of Sept. 30, an increase from $357.22 billion at the end of June, but still much lower than the precrisis peak of $631.36 billion reached in the first quarter of 2008.

Nonresidential construction loans grew 2.7% year over year to $279.51 billion, while residential construction loans gained 1.6% to $80.33 billion.

SNL Image

Construction loan delinquencies fell 3.1% quarter over quarter to $2.79 billion as of Sept. 30. Delinquent nonresidential construction loans dropped 4.6% quarter over quarter to $2.05 billion. In contrast, delinquent residential construction loans increased by 1.3% to $743.1 million.

SNL Image

Wells Fargo & Co., the largest construction lender among U.S. banks and thrifts, held $18.77 billion in total construction loans at the end of September, almost double the amount of the next-largest lender. Residential and nonresidential construction loans at the company fell by 14.6% and 2.9% over the quarter, respectively.

SNL Image