Branch Closings Rise, Realized Losses Fall in Q1

U.S. banks closed 229 branches during the first quarter, that's more than the 59 branches they closed in the fourth quarter of 2023, but fewer than the 555 they shuttered in the third quarter, S&P Global Market Intelligence wrote. The pace of branch closings has slowed considerably since 2022, and many believe the trend will continue. Read which banks closed and opened the most branches last quarter, and check out the graphic of net openings and closings for each U.S. state and territory.

Another S&P post discusses how fewer banks recognized realized losses on AFS securities last quarter amid a rebound in Treasury yields.

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Rob Blackwell
Chief Content Officer and Head of External Affairs
IntraFi
Arlington, VA
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