Like SVB, five other US lenders reported negative NII growth in 2022
Ally, Customers, First Foundation, Morgan Stanley and PacWest were pressured by rising rates
Silicon Valley Bank was not the only US lender to report negative net interest income growth at the tail-end of last year – meaning deposit and other funding costs were rising faster than loan income.
Ally Financial, Customers Bancorp, First Foundation, Morgan Stanley and PacWest Bancorp saw NII growth of between -3% and -15% in the fourth quarter of 2022, a Risk Quantum analysis shows.
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