Tuesday, October 17, 2023

The 12 US Banks With Stock Market Caps Between $5 and $10 Bil Posted Total Bottom Line Economic Income of $290 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 12 US Banks Posted Total Economic Losses of $8.824 Bil, a Staggering 3,143% Decline From That in Annual 2008.

The 12 US Mid-Sized Banks with Stock Market Caps between $5 and $10 Bil had Total Economic Income of $290 Mil in annual 2008, by far the worst year for earnings for US Banks during the 2008-2009 horrific US Financial Meltdown.

So what happened in annual 2022?

Well, unfortunately these 12 US Banks posted Total Economic Losses of $8.824 Bil, predominately due to the US Fed's spastic interest rate actions which caused US Banks' Heavy Investments in Debt Securities to decline precipitously in value in annual 2022.

From SEC filings, the table below shows this financial information for each of these 12 mid-sized US Banks.