S&P acts on regional U.S. banks

S&P said it revised the outlooks on BOK Financial Corp., Comerica Inc., Cullen/Frost Bankers Inc., East West Bancorp Inc., Hancock Whitney Corp., Investors Bancorp Inc., Synovus Financial Corp., Trustmark Corp., UMB Financial Corp., Valley National Bancorp, and Zions Bancorporation NA to stable from negative, and revised the outlooks on First Horizon Corp., SVB Financial Group, and Texas Capital Bancshares Inc. to positive from stable.

The agency maintained the stable on Associated Banc Corp., BancorpSouth Bank, Bank of North Dakota, Commerce Bancshares Inc., FNB Corp., First Commonwealth Financial Corp., First Midwest Bancorp Inc., First Republic Bank, Umpqua Holdings Corp., and Webster Financial Corp.

“We maintained the negative rating outlooks on First Citizens BancShares Inc. and S&T Bank and a positive outlook on New York Community Bancorp Inc. In addition, we affirmed our ratings on all of the banks,” S&P said in a press release.

“The outlook actions are based on the stabilization of U.S. economic trends and easing industry risk in the U.S. banking system. We use our analysis of economic and industry risk as part of our banking industry country risk assessment (BICRA) to set the anchor, or starting point, for our bank ratings,” the agency said.

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