KBRA Releases Third-Quarter 2026 U.S. Bank Compendium
12 Nov 2026 | New York
KBRA releases its third-quarter 2026 U.S. Bank Compendium, providing the latest view of the U.S. banking industry and analysis of 3Q26 results for publicly traded U.S. banks with KBRA ratings.
In this edition, we examine how KBRA-rated banks maintained strong profitability during 3Q26, driven primarily by continued net interest margin (NIM) expansion, with margins remaining near their highest levels of the past decade. However, renewed interest rate volatility, higher deposit costs, and the prospect of a higher-for-longer rate environment could moderate further margin expansion, placing greater importance on core deposit generation as commercial lending activity improves. Credit performance continued to normalize but remained well within historical norms, with nonperforming assets (NPA) and net charge-offs (NCO) still modest, though persistently elevated rates could increase refinancing pressure within commercial real estate (CRE) lending. Capital levels remained healthy despite renewed accumulated other comprehensive income (AOCI) pressure on tangible capital from higher long-term rates. We also explore why the impact has been less pronounced than during the 2022-23 tightening cycle, reflecting stronger starting capital levels, shorter securities duration, higher reinvestment yields, and improved interest rate risk management.
The Compendium includes 3Q26 summaries on all publicly traded U.S. banks in KBRA’s rated universe, highlighting key performance and credit metrics, as well as medians ratios. It also identifies the top 10 banks by lowest cost of deposits and highest reserves to loans, along with the largest sequential changes in return on assets, NIM, NCOs, and NPA ratios. Additionally, the Compendium provides a detailed supplement of KBRA-rated debt issues, including ratings, issuance amounts, coupons, and maturities.
Click here to view the report.