Pre-merger, PacWest reported record negative NII growth

- By Joshua Walker
- 01 Aug 2023

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A larger number of US banks reported negative net interest income (NII) growth in the second quarter compared to the first as deposit and funding costs outpaced interest revenue.

A Risk Quantum analysis of 27 lenders shows 22 recording a negative growth in NII, with PacWest Bancorp leading the pack.

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