Factbox-Top five U.S. regional banks with most uninsured deposits
A person walks past a First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar
(Reuters) - The collapse of two major U.S. banks within days has put the spotlight on other mid-cap lenders' balance sheets, with a few of them rushing to calm investors' fears of a contagion in the broader financial system.
Here are the five regional lenders in the U.S. with the biggest chunk of uninsured deposits:
First Republic Bank -
1. Uninsured deposits - $119.5 billion
2. Uninsured deposits as % of total deposits - 68%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 - $471 million
4. Stock performance month-to-date as of Friday’s close - Plunged 33.5%
5. Recent events - Secured additional funds from JPMorgan Chase & Co, says has over $70 billion of unused capital
Comerica Bank
1. Uninsured deposits - $45.5 billion
2. Uninsured deposits as % of total deposits - 62%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 - $3.03 billion
4. Stock performance month-to-date as of Friday’s close - Dropped 16.1%
Western Alliance Bank
1. Uninsured deposits - $31.1 billion
2. Uninsured deposits as % of total deposits - 58%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 - $674.9 million
4. Stock performance month-to-date as of Friday’s close - Dropped 16.1%
5. Recent events - Reaffirmed full-year deposit growth forecast of 13% to 17% after crisis at SVB
Zions Bank
1. Uninsured deposits - $37.6 billion
2. Uninsured deposits as % of total deposits - 53%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 - $1.63 billion
4. Stock performance month-to-date as of Friday’s close - Fell 20.3%
Synovus Bank
1. Uninsured deposits - $25.1 billion
2. Uninsured deposits as % of total deposits - 51%
3. Unrealized losses on available-for-sale (AFS) investment securities as of Dec. 31 - $1.6 billion
4. Stock performance month-to-date as of Friday’s close - Down 17%
Source: Company filings, Refinitiv, FDIC data, analyst notes
(Reporting by Niket Nishant in Bengaluru)
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