6,294
edits
Bank Earnings:Historical Results/2023 Q2: Difference between revisions
Bank Earnings:Historical Results/2023 Q2 (view source)
Revision as of 16:24, 18 July 2023
, 18 July 2023→Regional Banks
| Line 212: | Line 212: | ||
=== Regional Banks === | === Regional Banks === | ||
==== Summary ==== | |||
* EPS of State Street Bank, Bank of New York Melon, Charles Schwab, and PNC Financial, topped estimates. Only revenue of PNC Financial missed estimates. | |||
* The four banks saw their deposits decline by an average of 2.5% Q/Q. | |||
* Net interest margins for the four banks declined sequentially by an average of 14.5 basis points. | |||
{| class="wikitable" | {| class="wikitable" | ||
|+ | |+ | ||
| Line 221: | Line 228: | ||
|- | |- | ||
| rowspan="8" | | | rowspan="8" | | ||
==== State Street Bank ==== | ===== State Street Bank ===== | ||
|Revenue<ref>https://www.marketscreener.com/quote/stock/STATE-STREET-CORPORATION-14499/news/State-Street-s-Q2-Earnings-Revenue-Rise-44339219/ | |Revenue<ref>https://www.marketscreener.com/quote/stock/STATE-STREET-CORPORATION-14499/news/State-Street-s-Q2-Earnings-Revenue-Rise-44339219/ | ||
| Line 236: | Line 243: | ||
|Adjusted EPS | |Adjusted EPS | ||
|$2.08 | |$2.08 | ||
|$2.17 | |$2.17 | ||
| | | | ||
|- | |- | ||
|Provision for credit losses | |Provision for credit losses | ||
| | | | ||
| -$18 million versus $44 million in Q1 2023 and $10 million in Q2 2022. | | -$18 million versus $44 million in Q1 2023 and $10 million in Q2 2022. | ||
| | | | ||
|- | |- | ||
| Line 266: | Line 273: | ||
|Credit Charge-offs | |Credit Charge-offs | ||
| | | | ||
| -$8 million(+62% Y/Y) | | -$8 million(+62% Y/Y) | ||
| | | | ||
|- | |- | ||
| rowspan="7" | | | rowspan="7" | | ||
==== Bank of New York Melon ==== | ===== Bank of New York Melon ===== | ||
|Revenue<ref>https://www.investing.com/news/stock-market-news/bank-of-ny-mellon-earnings-beat-by-008-revenue-topped-estimates-3127709 | |Revenue<ref>https://www.investing.com/news/stock-market-news/bank-of-ny-mellon-earnings-beat-by-008-revenue-topped-estimates-3127709 | ||
| Line 307: | Line 314: | ||
|Credit Charge-offs | |Credit Charge-offs | ||
| | | | ||
| -$4 million(+300% y/y) | | -$4 million(+300% y/y) | ||
| | | | ||
|- | |- | ||
| rowspan="6" | | | rowspan="6" | | ||
==== Charles Schwab ==== | ===== Charles Schwab ===== | ||
|Revenue<ref>https://www.investing.com/news/stock-market-news/charles-schwab-earnings-beat-by-003-revenue-topped-estimates-3127802 | |Revenue<ref>https://www.investing.com/news/stock-market-news/charles-schwab-earnings-beat-by-003-revenue-topped-estimates-3127802 | ||
| Line 343: | Line 350: | ||
|Borrowings from the Federal Home Loan Bank system | |Borrowings from the Federal Home Loan Bank system | ||
| | | | ||
| -10% Q/Q | | -10% Q/Q | ||
| | | | ||
|- | |- | ||
| rowspan="8" | | | rowspan="8" | | ||
==== PNC Financial ==== | ===== PNC Financial ===== | ||
|Revenue<ref>https://d1io3yog0oux5.cloudfront.net/_56320b77b2d7bb4a47a2a83c2e66aef0/pnc/db/2250/21453/earnings_release/2Q23+Earnings+Release_Final.pdf | |Revenue<ref>https://d1io3yog0oux5.cloudfront.net/_56320b77b2d7bb4a47a2a83c2e66aef0/pnc/db/2250/21453/earnings_release/2Q23+Earnings+Release_Final.pdf | ||
| Line 367: | Line 374: | ||
|Net interest margin | |Net interest margin | ||
| | | | ||
|2.79% versus 2.84% in Q1 2023 and 2.50% in Q2 2022. | |2.79% versus 2.84% in Q1 2023 and 2.50% in Q2 2022. | ||
| | | | ||
|- | |- | ||