Factbox-US banks' commercial real estate loan worries linger after latest tumble
![](images/news2/234/23432665/LYNXMPEK620TU.jpg)
FILE PHOTO: People walk around the Financial District near the New York Stock Exchange (NYSE) in New York, U.S., December 29, 2023. REUTERS/Eduardo Munoz/File Photo
(Reuters) - Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.
On Wednesday, First Foundation's shares slumped after the Texas-based lender with a huge portfolio of multifamily real estate loans disclosed a $228 million "unexpected" capital raise at a steep discount.
Below is a list of U.S. banks with some of the largest ratio of CRE loans to Tier 1 capital plus allowance for loan losses, as of March 31, according to S&P Global Market Intelligence.
Note:
* ALLL - allowance for loan and lease losses
Data source: S&P Global Market Intelligence
(Reporting by Manya Saini and Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- PE firm New Mountain values R1 RCM at nearly $6 billion in take-private deal
- Column-US election, uncertainty and slowdown - a heady mix for markets: McGeever
- Fed officials at last meeting saw price pressures in decline, minutes show
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!