At some US regionals, CRE loans eclipse tangible equity by up to 7x

Valley National, NYCB and First Foundation the most levered in a sample of 30 banks

The concentration of commercial real estate (CRE) loans varies widely across US regional lenders, with exposures to the distressed sector eclipsing some banks’ tangible equity as much as seven times over, Risk Quantum analysis shows.

Across 30 US banks with at least $40 billion in assets, CRE loans equate to a median 215% of their tangible common equity (TCE) as of end-2023. The eight US systemic banks and Northern Trust have been excluded from the analysis. 

A review of the latest earnings show

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here