Monday, August 28, 2017

2Q 2017 US Banks (119) With Market Caps Above $1 Bil Total Earnings Were $13.651 Bil, Up a Robust 15% From the $11.858 Bil Total Earnings in the 2Q 2016 ....................................................................................... To Illustrate the Effectiveness of US Fed Chair Janet Yellen, Not a Single One of These 119 US Banks Posted a Loss in the 2Q 2017 and Only One Did in the 2Q 2016 ....................................................................................... The US Big 6 Financial Generated 2Q 2017 Total Earnings of $25.656 Bil, 88% More Than These 119 Banks ....................................................................................... There Are Now More US REITs With Market Caps Above $1 Bil (157) Than There Are US Banks With Stock Market Caps Above $1 Bil (119) ....................................................................................... The US Financial System Would Work Much Better and Be More Secure If There Were Many More Very Strong US Banks With Stock Market Caps Above $1 Bil: The Best Way To Accomplish This Is To Prudently Break Up Into Numerous Very Strong Banks the Big 4 ..... JPMorgan Chase, Wells Fargo, Banc of America and Citigroup ..... and To Also Provide Very Strong Incentives To Smaller Banks To Permit Them To Flourish and To Wisely Lend More

From a review of the Google Finance Website and of company financial statements in the US SEC website, I found the 119 US Banks, as defined by US SEC SIC Codes, Other Than the Big 6 headquartered in the US with Stock Market Capitalizations of more than $1 Bil very recently and which have filed their Calendar Second Quarter 2017 Financial Statements with the SEC. 

Below here are the Total Reported US GAAP Earnings (Losses) From Continuing Operations for the Second Calendar Quarters of both 2017 and 2016 for each of these 119 large US Banks.




Calendar Calendar







2Q 17 2Q 16



Calendar US GAAP US GAAP Net Net


Most
2Q 17 Net Net Income Income
US Banks City State Recent
Month Income Income Better Better
Stock Market Caps Above $1 Bil HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %










US Bancorp Minneapolis MN Dec16
June            1,512            1,536               (24) -2%
PNC Financial Services Group Pittsburgh PA Dec16
June            1,097               989               108 11%
Capital One Financial McLean VA Dec16
June            1,047               943               104 11%
Bank New York Mellon New York NY Dec16
June               976               875               101 12%
BB&T Corp Winston Salem NC Dec16
June               674               587                 87 15%
State Street Corp Boston MA Dec16
June               620               617                   3 0%
SunTrust Banks Atlanta GA Dec16
June               530               494                 36 7%
KeyCorp Cleveland OH Dec16
June               407               198               209 106%
M&T Bank Buffalo NY Dec16
June               381               336                 45 13%
Fifth Third Bancorp Cincinnati OH Dec16
June               367               324                 43 13%
Citizens Financial Group Providence RI Dec16
June               318               243                 75 31%
Regions Financial Birmingham AL Dec16
June               317               272                 45 17%
Huntington Bancshares Columbus OH Dec16
June               272               175                 97 55%
Northern Trust Chicago IL Dec16
June               268               263                   5 2%
Comerica Dallas TX Dec16
June               203               104                 99 95%
E*TRADE Financial New York NY Dec16
June               193               133                 60 45%
First Republic Bank San Francisco CA Dec16
June               187               165                 22 13%
Zions Bancorporation Salt Lake City UT Dec16
June               168               114                 54 47%
First Citizens BancShares Raleigh NC Dec16
June               135                 69                 66 96%
SVB Financial Group Santa Clara CA Dec16
June               133                 94                 39 41%
East West Bancorp Pasadena CA Dec16
June               118               103                 15 15%
New York Community Bancorp Westbury NY Dec16
June               115               126               (11) -9%
First Horizon National Corp Memphis TN Dec16
June                 95                 61                 34 56%
PacWest Bancorp Brea CA Dec16
June                 94                 82                 12 15%
Bank of the Ozarks Little Rock AR Dec16
June                 91                 54                 37 69%
BOK Financial Tulsa OK Dec16
June                 89                 66                 23 35%
Cullen/Frost Bankers San Antonio TX Dec16
June                 86                 72                 14 19%
Western Alliance Bancorporation Phoenix AZ Dec16
June                 80                 62                 18 29%
Commerce Bancshares Kansas City MO Dec16
June                 79                 70                   9 13%
Synovus Financial Corp Columbus GA Dec16
June                 76                 60                 16 27%
F.N.B. Corp Pittsburgh PA Dec16
June                 74                 41                 33 80%
Prosperity Bancshares Houston TX Dec16
June                 69                 68                   1 1%
People's United Financial Bridgeport CT Dec16
June                 69                 69                  -   0%
BankUnited Miami Lakes FL Dec16
June                 66                 57                   9 16%
Wintrust Financial Rosemont IL Dec16
June                 65                 50                 15 30%
Hilltop Holdings Dallas TX Dec16
June                 63                 32                 31 97%
Webster Financial Corp Waterbury CT Dec16
June                 62                 51                 11 22%
Associated Banc Corp Green Bay WI Dec16
June                 58                 49                   9 18%
First Hawaiian Honolulu HI Dec16
June                 57                 55                   2 4%
Umpqua Holdings Corp Portland OR Dec16
June                 57                 54                   3 6%
IBERIABANK Corp Lafayette LA Dec16
June                 52                 51                   1 2%
Hancock Holding Co Gulfport MS Dec16
June                 52                 47                   5 11%
Chemical Financial Corp Midland MI Dec16
June                 52                 26                 26 100%
TCF Financial Corp Wayzata MN Dec16
June                 52                 26                 26 100%
Texas Capital Bancshares Dallas TX Dec16
June                 51                 39                 12 31%
Cathay General Bancorp Los Angeles CA Dec16
June                 51                 35                 16 46%
Valley National Bancorp Wayne NJ Dec16
June                 50                 39                 11 28%
Home Bancshares Inc Conway AR Dec16
June                 50                 44                   6 14%
UMB Financial Kansas City MO Dec16
June                 45                 36                   9 25%
Fulton Financial Corp Lancaster PA Dec16
June                 45                 40                   5 13%
Bank of Hawaii Honolulu HI Dec16
June                 45                 44                   1 2%
MB Financial Chicago IL Dec16
June                 44                 43                   1 2%
Washington Federal Seattle WA Sep16
June                 44                 43                   1 2%
Pinnacle Financial Partners Nashville TN Dec16
June                 43                 31                 12 39%
Sterling Bancorp Montebello NY Dec16
June                 42                 38                   4 11%
CIT Group Livingston NJ Dec16
June                 41                 88               (47) -53%
Hope Bancorp Los Angeles CA Dec16
June                 41                 23                 18 78%
International Bancshares Corp Laredo TX Dec16
June                 41                 30                 11 37%
Flagstar Bancorp Troy MI Dec16
June                 41                 47                 (6) -13%
Investors Bancorp Short Hills NJ Dec16
June                 40                 45                 (5) -11%
Old National Bancorp Evansville IN Dec16
June                 39                 39                  -   0%
BancorpSouth Inc Tupelo MS Dec16
June                 38                 35                   3 9%
United Bankshares Inc Charleston WV Dec16
June                 37                 32                   5 16%
First Midwest Bancorp Itasca IL Dec16
June                 35                 25                 10 40%
FCB Financial Holdings Weston FL Dec16
June                 35                 24                 11 46%
Great Western Bancorp Sioux Falls SD Sep16
June                 35                 26                   9 35%
Glacier Bancorp Kalispell MT Dec16
June                 34                 30                   4 13%
BofI Holding San Diego CA Jun16
June                 33                 30                   3 10%
South State Corp Columbia SC Dec16
June                 32                 25                   7 28%
Northwest Bancshares Warren PA Dec16
June                 31                 (7)                 38 NM
Cadence Bancorporation Houston TX Dec16
June                 29                 15                 14 93%
First Financial Bankshares Abilene TX Dec16
June                 28                 27                   1 4%
CVB Financial Ontario CA Dec16
June                 28                 26                   2 8%
Eagle Bancorp Bethesda MD Dec16
June                 28                 24                   4 17%
TowneBank Portsmouth VA Dec16
June                 28                   8                 20 250%
United Community Banks Blairsville GA Dec16
June                 28                 25                   3 12%
LegacyTexas Financial Group Inc Plano TX Dec16
June                 28                 23                   5 22%
Columbia Banking System Tacoma WA Dec16
June                 27                 25                   2 8%
WesBanco Inc Wheeling WV Dec16
June                 26                 22                   4 18%
Banner Corp Walla Walla WA Dec16
June                 25                 21                   4 19%
Renasant Corp Tupelo MS Dec16
June                 25                 23                   2 9%
Trustmark Corp Jackson MS Dec16
June                 24                 22                   2 9%
Capital Bank Financial Corp Coral Gables FL Dec16
June                 24                 17                   7 41%
First Merchants Corp Muncie IN Dec16
June                 24                 20                   4 20%
ServisFirst Bancshares Birmingham AL Dec16
June                 24                 19                   5 26%
Provident Financial Services Jersey City NJ Dec16
June                 24                 21                   3 14%
BancFirst Corp Oklahoma City OK Dec16
June                 23                 17                   6 35%
First Financial Bancorp Cincinnati OH Dec16
June                 23                 23                  -   0%
Simmons First National Corp Pine Bluff AR Dec16
June                 23                 23                  -   0%
Ameris Bancorp Moultrie GA Dec16
June                 23                 20                   3 15%
S & T Bancorp Indiana PA Dec16
June                 23                 17                   6 35%
Boston Private Financial Holding Inc Boston MA Dec16
June                 23                 16                   7 44%
TFS Financial Corp Cleveland OH Sep16
June                 23                 21                   2 10%
First Interstate Bancsystem Billings MT Dec16
June                 22                 26                 (4) -15%
Heartland Financial USA Inc Dubuque IA Dec16
June                 22                 21                   1 5%
NBT Bancorp Norwich NY Dec16
June                 21                 20                   1 5%
WSFS Financial Corp Wilmington DE Dec16
June                 21                 17                   4 24%
Independent Bank Corp Rockland MA Dec16
June                 21                 20                   1 5%
Capitol Federal Financial Topeka KS Dec16
June                 21                 21                  -   0%
Berkshire Hills Bancorp Pittsfield MA Dec16
June                 20                 16                   4 25%
Park National Corp Newark OH Dec16
June                 19                 20                 (1) -5%
Independent Bank Group Inc McKinney TX Dec16
June                 18                 12                   6 50%
Union Bankshares Corp Richmond VA Dec16
June                 18                 19                 (1) -5%
Astoria Financial Corp Lake Success NY Dec16
June                 18                 18                  -   0%
Community Bank System Inc Dewitt NY Dec16
June                 17                 26                 (9) -35%
1st Source Corp South Bend IN Dec16
June                 17                 14                   3 21%
Tompkins Financial Corp Ithaca NY Dec16
June                 17                 15                   2 13%
Westamerica Bancorporation San Rafael CA Dec16
June                 16                 15                   1 7%
First Busey Corp Urbana IL Dec16
June                 16                 12                   4 33%
Brookline Bancorp Boston MA Dec16
June                 16                 13                   3 23%
CenterState Banks Inc Winter Haven FL Dec16
June                 15                 16                 (1) -6%
Lakeland Financial Corp Warsaw IN Dec16
June                 15                 13                   2 15%
State Bank Financial Corp Atlanta GA Dec16
June                 15                 14                   1 7%
Signature Bank New York NY Dec16
June                 14               102               (88) -86%
First Commonwealth Financial Indiana PA Dec16
June                 14                 12                   2 17%
Pacific Premier Bancorp Inc Irvine CA Dec16
June                 14                 10                   4 40%
FB Financial Corp Nashville TN Dec16
June                 11                 16                 (5) -31%
Beneficial Bancorp Inc Philadelphia PA Dec16
June                   9                   3                   6 200%
Kearny Financial Corp Fairfield NJ Jun17
June                   4                   5                 (1) -20%










Total all 119 US Banks Other Than the Big 6



         13,651          11,858            1,793 15%







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