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The collapse of two major US banks in a matter of days has cast a spotlight on the balance sheets of other medium-cap lenders, with a few rushing to assuage investor fears of contagion in the broader financial system.
Here are five regional US lenders with the highest amount of uninsured deposits:
First Republic Bank
- Uninsured deposits – $119.5 billion.
- Uninsured deposits percentage of total deposits – 68%.
- Unrealized losses on available-for-sale investment securities on December 31 – $471 million.
- Share performance this month to date to Friday’s close – down 33.5%
- Recent Events – Additional funds secured from JPMorgan Chase & Co. Bank says it has more than $70 billion in unused capital.
Comerica Bank
- Uninsured deposits – $45.5 billion.
- Uninsured deposits percentage of total deposits – 62%.
- Unrealized losses on available-for-sale investment securities on December 31 – $3.03 billion.
- Share performance for the month to date to Friday’s close – down 16.1%.
Western Alliance Bank
- Uninsured deposits – $31.1 billion.
- Uninsured deposits percentage of total deposits – 58%.
- Unrealized losses on available-for-sale investment securities on December 31 – $674.9 million.
- Share performance for the month to date to Friday’s close – down 16.1%
- Recent Events – Reaffirmation of full-year deposit growth forecast from 13% to 17% post-crisis at Silicon Valley Bank.
Zions Bank
- Uninsured deposits – $37.6 billion.
- Uninsured deposits percentage of total deposits – 53%.
- Unrealized losses on available-for-sale investment securities as of December 31 – $1.63 billion.
- Share performance for the month to date to Friday’s close – down 20.3%.
Sinophus Bank
- Uninsured deposits – $25.1 billion
- Uninsured deposits percentage of total deposits – 51%.
- Unrealized losses on available-for-sale investment securities as of December 31 – $1.6 billion
- Stock performance this month to date to Friday’s close – down 17%.
Source: Company archives, Refinitiv, FDIC data, and analyst notes.
