Bank Performance Continues to Improve in Third Quarter 1994

Strategic Insights -

Bauer Financial Reports Inc. has evaluated bank data for the quarter ended September 30, 1994, and reported that only 183 banks out of 11,199 banks reporting, less than 2%, failed to meet federal capital requirements or were projected to fail to meet capital requirements in the fourth quarter 1994. California banks fared the worst, with 26 out of 49 banks rated zero stars and 28 out of 99 two-star rated banks. Despite this, the majority of banks nationwide are rated five-stars or four-stars, with over 88% of banks receiving these high ratings.

Key Takeaways:

  • Only 183 banks out of 11,199 banks reporting (less than 2%) failed to meet federal capital requirements or were projected to fail to meet capital requirements in the fourth quarter 1994.
  • California banks had the worst performance, with 26 out of 49 banks rated zero stars and 28 out of 99 two-star rated banks.
  • Despite the challenges facing some banks, over 88% of banks nationwide are rated five-stars or four-stars.
  • Bauer Financial Reports Inc. provides a free star-rating service for any US bank, thrift or credit union, supported by many five-star and four-star rated institutions.
  • The free service can be accessed by calling 800/388-6686, Monday through Friday, 9 a.m. to 5 p.m., Eastern time.

Statistics:

  • 11,199 banks reported in the third quarter 1994.
  • 183 banks (less than 2%) failed to meet federal capital requirements or were projected to fail to meet capital requirements in the fourth quarter 1994.
  • 88% of banks nationwide are rated five-stars or four-stars.
  • 26 out of 49 California banks were rated zero stars.
  • 28 out of 99 California banks were rated two stars.

Sources:

  • Bauer Financial Reports Inc.
  • Business Wire Features (Dec. 29, 1994)