Friday, October 20, 2023

The 37 US and Puerto Rico Banks With Stock Market Caps Between $2 and $5 Bil Posted Total Bottom Line Economic Income of $303 Mil in the US Financial Meltdown Year of 2008. But in Annual 2022, These Same 37 Banks Posted Total Economic Losses of $3.026 Bil, an Incredible 1,099% Decline From That in Annual 2008.

The 37 US and Puerto Rico Banks with Stock Market Caps between $2 and $5 Bil and that disclosed Financial Statements in both 2022 and in 2008 reported Total Economic Income of $303 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 37 US and Puerto Rico Banks posted Total Economic Losses of $3.026 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, 14 of these 37 Banks had material Unrecorded, Off-the-Books, Unrealized But Real Pretax Total Economic Losses of an additional $6.687 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 37 smaller US and Puerto Rico Banks.