Wednesday, March 28, 2018

39 Largest US Bank Corps Filing With the SEC (SIC 6021 and 6022) Posted 4Q 2017 Total Earnings of $4.645 Bil, Down 84% From Their 4Q 2016 Total Earnings of $29.660 Bil ........................................................................................ Excluding Citigroup, These Banks Posted 4Q 2017 Total Earnings of $22.816 Bil, Down 12% From the 4Q 2016 ........................................................................................ Included in the 4Q 2017 Total Earnings Were Income Tax Benefits of $11.649 Bil Courtesy of the US Federal Income Tax Debt Forgiveness Feature Included in the US Trump Tax Cuts Act

From SEC filings, below here is Net Income (Loss) From Continuing Operations for the 4Q 2017 and the 4Q 2016 for the 39 largest US Bank Corps in the SEC SIC Sector Codes of 6021 and 6022 with either Stock Market Caps of at least $5 Bil or the Book Value of Total Stockholder Equity of at least $5 Bil.


Corp
Quarter
End
When    TTCA TTCA
Trump US GAAP US GAAP US Decline
Tax Net Net Federal  in Value of
Cuts Income Income Income Deferred
US Bank Corporations Act (Loss) (Loss) Tax Income
SEC SIC 6021 and 6022 State TTCA Dec 17 Dec 16 Better Debt Tax
Stock Market Cap or Book Value Stk Eq $5 Bil+ City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness Assets
mils $ mils $ mils $ mils $ mils $
Wells Fargo San Francisco CA Dec 17            6,241            5,304               937            3,900    
JPMorgan Chase New York NY Dec 17            4,232            6,727          (2,495)            2,090
Bank of America Charlotte NC Dec 17            2,365            4,535          (2,170)          (2,300)
PNC Financial Services Pittsburgh PA Dec 17            2,091            1,047            1,044            1,200
US Bancorp Minneapolis MN Dec 17            1,686            1,491               195               910
Bank of New York Mellon New York NY Dec 17            1,181               872               309            1,472
SunTrust Banks Atlanta GA Dec 17               742               467               275               333
BB&T Winston-Salem NC Dec 17               667               643                 24
Citizens Financial Group Providence RI Dec 17               666               282               384               331
Fifth Third Bancorp Cincinnati OH Dec 17               509               395               114               220
Huntington Bancshares Columbus OH Dec 17               432               239               193               123
State Street Corp Boston MA Dec 17               370               593             (223)               197
Northern Trust Chicago IL Dec 17               357               267                 90               210
Regions Financial Birmingham AL Dec 17               334               317                 17               (25)
M&T Bank Buffalo NY Dec 17               322               331                 (9)               (85)
MUFG Americas Holdings New York NY Dec 17               303               328               (25)               101
Santander Holdings USA Boston MA Dec 17               285                 30               255               427
KeyCorp Cleveland OH Dec 17               196               232               (36)             (147)
First Republic Bank San Francisco CA Dec 17               194               179                 15               (40)
Bank of the Ozarks Little Rock AR Dec 17               146                 88                 58                 50
New York Community Bancorp Westbury NY Dec 17               137               114                 23                 42
SVB Financial Group Santa Clara CA Dec 17               125               104                 21               (34)
Zions Bancorporation Salt Lake City UT Dec 17               123               137               (14)               (47)
Signature Bank New York NY Dec 17               115               114                   1                   2
Comerica Dallas TX Dec 17               112               164               (52)             (107)
People's United Financial Bridgeport CT Dec 17               106                 76                 30                   7
Cullen/Frost Bankers San Antonio TX Dec 17               101                 84                 17                   4
Commerce Bankshares Kansas City MO Dec 17                 95                 74                 21                   7
Western Alliance Bancorp Phoenix AZ Dec 17                 89                 70                 19                 10
East West Bancorp Pasadena CA Dec 17                 85               111               (26)               (33)
PacWest Bancorp Brea CA Dec 17                 84                 86                 (2)                   1
BOK Financial Tulsa OK Dec 17                 72                 50                 22                 (9)
BBVA Compass Bancshares Houston TX Dec 17                 52                 89               (37)             (121)
Sterling Bancorp Montebello NY Dec 17               (33)                 41               (74)               (40)
First Horizon National Memphis TN Dec 17               (48)                 58             (106)                   (82)
CIT Group Livingston NJ Dec 17               (83)             (426)               343                 12
HSBC USA Inc New York NY Dec 17             (773)               (37)             (736)             (865)
Capital One Financial McLean VA Dec 17             (862)               793          (1,655)          (1,600)
Totall all 38 Excluding Citigroup          22,816          26,069          (3,253)          11,649          (5,535)
Citigroup New York NY Dec 17        (18,171)            3,591        (21,762)        (22,600)
Total all 39            4,645          29,660        (25,015)          11,649        (28,135)