New S&P Global Market Intelligence Report Finds U.S. Community Bank Earnings are Expected to Fall 12% year-over-year in 2024
SPGIS&P Global(SPGI) Prnewswire·2024-06-11 20:00

NEW YORK, June 11, 2024 /PRNewswire/ -- Margin pressure and higher credit costs are expected to weigh on U.S. community bank earnings this year, according to a new report from S&P Global Market Intelligence. The newly released 2024 U.S. Community Bank Market Report found U.S. community bank earnings are expected to dip 12 percent year-over-year before rebounding in 2025 and 2026. Higher for longer interest rates have put pressure on community banks' net interest margins and put deposits in the spotlight whi ...