NIMs Bottoming Out, SCOTUS Rulings Create Uncertainty

 We may be nearing a bottom in terms of net interest margin declines. During the first quarter, 5.2% of U.S. banks had NIMs below 2%; that's the worst showing since the pandemic and worse than in 2009 when margins were even tighter than today, according to S&P Global Market Intelligence. While the number of banks with sub-2% NIMs is still increasing, the uptick slowed during the first quarter, a sign that margins could bottom soon.

 

A second S&P story asserts that several seemingly beneficial Supreme Court rulings may end up harming banks.

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