Regional US banks outpace giants on loan growth
Over the three months to end-June, mid-sized US lenders without a national footprint built up assets, loans, and equity at a faster clip than the country’s bulge-bracket banks, regulatory filings show.
Banks $3-10 billion in size, of which there were 146 as of June, grew assets almost 19% over Q2, compared to 8% in Q1. Banks over $10 billion in size, a group 127 strong including household names JP Morgan, Bank of America and Wells Fargo, grew 17% last quarter, having expanded 11% in Q1.
Firms
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