Factbox: US banks' commercial real estate loan worries linger after latest tumble
03/07/2024 17:31
July 3 (Reuters) - Several U.S. regional and mid-sized
banks continue to face the squeeze from high exposure to the
commercial real estate (CRE) sector that has been roiled by
higher-for-longer interest rates and empty office buildings.
On Wednesday, First Foundation's FFWM.N shares slumped
after the Texas-based lender with a huge portfolio of
multifamily real estate loans disclosed a $228 million
"unexpected" capital raise at a steep discount.
Below is a list of U.S. banks with some of the largest ratio
of CRE loans to Tier 1 capital plus allowance for loan losses,
as of March 31, according to S&P Global Market Intelligence.
Note:
* ALLL - allowance for loan and lease losses
Data source: S&P Global Market Intelligence
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US banks' commercial real estate loans in spotlight https://reut.rs/3xLjEd4
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(Reporting by Manya Saini and Akash Sriram in Bengaluru;
Editing by Sriraj Kalluvila)
((Manya.Saini@thomsonreuters.com; X: manya__saini;))