KBRA: Bank Delinquencies Stabilize and Loan Growth Falls in Q1/24

A recent report by KBRA outlines quarter-over-quarter and year-over-year changes in bank delinquency rates and total loan increases and decreases for Q1/24.

Total Loans and Delinquency Ratio

Delinquency rates in Q1/24 were relatively stable quarter-over-quarter (Q/Q), rising by two basis points (bps), albeit with a 20-bps increase year over year (Y/Y).

Loans by Asset Group

Large banks with assets exceeding $100 billion experienced the most significant loan growth and delinquency increases Y/Y, of 1.87% and about 27 bps, respectively.

Loan Portfolio

Total loans decreased $35 billion (0.28%) in Q1/24, partly due to a decline in credit card lending. Credit card loans, automobile loans and residential mortgage loans recorded the highest delinquency ratios in Q1/24 at 3.36%, 2.86% and 1.84%, respectively.

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Terry Mulreany
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