通过商业房地产风险可视化美国主要银行

通过商业房地产风险可视化美国主要银行
Visualizing Major US Banks By Commercial Real Estate Exposure

原始链接: https://www.zerohedge.com/markets/visualizing-major-us-banks-commercial-real-estate-exposure

2023年，由于高空置率和不断上升的借贷成本，美国六大银行的逾期商业地产贷款增加了约93亿美元。鉴于这些机构对银行抵御能力的重大影响，监管重点加强了。对于近百分之五十的美国银行来说，商业房地产债务是最大的负债类别。尽管规模较小的银行持有更多商业贷款，但一些主要金融实体拥有相当大的商业贷款组合。该图根据瑞银集团 2023 年第三季度的信息显示了美国每家顶级银行的商业房地产风险敞口。在按资产排名的美国前20名银行中，摩根大通在其投资组合中持有商业房地产贷款的比例为12。6%。尽管商业地产面临挑战，摩根大通在 2023 年全年的股票价值仍取得了显着增长，同期股价上涨了 27%。此外，在 2023 年美国区域银行市场危机期间，摩根大通通过收购 First Republic 实现了扩张。尽管取得了这一进展，主要银行仍保持谨慎态度，富国银行等一些银行加强了准备金，以应对预计的商业地产信贷损失。 A notable concern remains New York Community Bancorp, which accounts for 57% of its entire loans towards commercial property debt。 Consequently, it declared a $2。7 billion loss in Q4 2023 and received a "junk" credit rating downgrade from Moody's。 To ensure survival, the bank raised $1 billion in fresh investment capital。 On average, major banks allocate roughly 11% of their loans to commercial real estate compared to the average 21。6% in smaller banks。

原文

The six largest U.S. banks saw delinquent commercial property loans nearly triple to $9.3 billion in 2023 amid high vacancy rates and increasing borrowing costs.

Today, the sector is facing greater scrutiny from regulators amid growing risks to bank stability. In fact, for almost half of all U.S. banks, commercial real estate debt is the largest loan category overall. While commercial loans are more heavily concentrated in small U.S. banks, several major financial institutions have amassed significant commercial loan portfolios.

The above graphic shows the commercial real estate exposure of the top U.S. banks, based on data from UBS as of Q3 2023.

Here are the commercial property loans across the largest U.S. banks by assets as of the third quarter of 2023:

As the above table shows, JPMorgan Chase, America’s largest bank, has 12.6% of its loan portfolio in commercial real estate.

Despite commercial property troubles, the company witnessed record stock prices in 2023, with its share price increasing 27% over the year. The bank acquired First Republic at the height of the U.S. regional banking turmoil in 2023, which helped boost performance.

Still, big banks remain cautious. Several major banks, such as Wells Fargo, are building bigger cash reserves for commercial property credit losses as a buffer for potential defaults.

Perhaps the most concerning big bank is New York Community Bancorp, which has 57% of its total loans exposed to commercial property debt. The bank reported a $2.7 billion loss in the fourth quarter of 2023, and Moody’s recently downgraded its credit rating to “junk” status. The bank brought in a $1 billion infusion of capital as a lifeline after growing concerns about the state of its commercial real estate loan portfolio.

Overall, while pockets of trouble are surfacing, major banks are more insulated from commercial property shocks compared to other banks. On average, about 11% of big banks loan portfolios are concentrated in commercial real estate compared to small banks, where average exposure falls around 21.6% of loans.

通过商业房地产风险可视化美国主要银行 Visualizing Major US Banks By Commercial Real Estate Exposure

通过商业房地产风险可视化美国主要银行
Visualizing Major US Banks By Commercial Real Estate Exposure