Regional Banks Post Double-Digit Loan Growth Despite Rate Pressure
Four separate community and regional bank earnings calls this quarter showed accelerating loan books even as lenders warn on credit costs elsewhere in the sector.
United Community Banks reported operating EPS of $0.77 on 10% annualized core loan growth, while SmartFinancial posted 15% annualized organic loan growth, pointing to a stronger-than-expected quarter for smaller regional lenders.