The 34 Smaller US Banks With Stock Market Caps Between $1 Bil and $2 Bil Posted Total Bottom Line Economic Losses of $235 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 34 Banks Posted Total Economic Losses of $1.778 Bil, an Incredible 657% Decline From That in Annual 2008. On the Other Hand, These 34 US Banks Posted Total US GAAP Net Income in Annual 2022 That Increased By an Off-the-Charts 4,192% From That in Annual 2008. Why Such an Incredible Divergence? Well, In Annual 2022, These 34 Banks Reported $7.1 Bil of Economic Losses Which Bypassed US GAAP Net Income and Instead Were Buried in 2022 Other Comprehensive Losses. These $7.1 Bil of Economic Losses Resulted From the Annual 2022 Decline in the Market Value of Their Available-For-Sale Debt Investment Securities, Due Predominately to the US Fed's Spastic Interest Rate Increases.

The 34 smaller US Banks with Stock Market Caps between $1 Bil and $2 Bil and that disclosed its Financial Statements in both annual 2022 and in annual 2008 in its SEC filings reported Total Economic Losses of $235 Mil in annual 2008, the worst year for earnings for US Banks during the horrific 2008-2009 US Financial Meltdown.

So what happened in annual 2022?

Well, unfortunately these 34 smaller US Banks posted Total Economic Losses of $1.778 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.

In addition, 7 of these 34 Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $1.758 Bil at December 31, 2022 related to their Held-to-Maturity Debt Investment Securities.

From SEC filings, the table below shows this financial information for each of these 34 smaller US Banks.