Wisconsin’s State-Chartered Banks Report Sound Third-Quarter Financial Performance
MADISON, Wis. – Wisconsin’s 130 state-chartered banks continue to demonstrate solid financial performance as of September 30, 2022, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
In the twelve months ending on September 30, 2022:
- The capital ratio remained satisfactory at 9.38% compared to 10.97% in September 2021;
- The past due ratio improved to 0.56% from 0.76% in September 2021;
- Net operating income was over $594.3 million, but down from $679.4 million in September 2021 due, in part, to the end of the Paycheck Protection Program (PPP) fee income and secondary market income;
- The return on average assets ratio showed a decline to 1.19% from 1.39% in September 2021; and
- Bank liquidity remained adequate but was impacted by the increase in the loans to assets ratio at 68.89% compared to 64.82% in September 2021.
“As interest rates continue to rise and economic uncertainty persists, Wisconsin’s state-chartered banks are displaying sound decisions and financial performance through the third-quarter of 2022,” said DFI Secretary-designee Cheryll Olson-Collins. “Overall, Wisconsin’s state-chartered banks are financially stable and a source of strength for the economy.”
To learn more, read DFI’s Bank Performance Indicator Report as of September 30, 2022.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. It has not been verified for its accuracy or completeness.
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