(Reuters) – Regional U.S. banks’ shares sank on Wednesday, dragged down by a 46% plunge in the shares of New York Community Bancorp after it cut its dividend and posted a surprise loss.
The dividend was cut to bolster its capital as NYCB prepares to deal with potentially stricter regulation for banks with more than $100 billion of assets. The purchase of some Signature Bank assets last year along with the acquisition of Flagstar in 2022 pushed the bank’s assets above that threshold.
Here are a few other U.S. mid-sized banks that either have more than $100 billion in assets or are nearing the threshold:
Bank Name Consolidated Assets (In Bln)
HSBC North America $161.30
Holdings
Regions Financial $152.91
Corp
Northern Trust $145.82
Discover Financial $141.24
Services
New York Community $111.17
Bancorp
Santander Holdings $98.57
USA
RBC US Group $96.84
Holdings
Zions $87.27
Bancorporation
Comerica $85.81
First Horizon Corp $82.24
Source: Federal Reserve data as of Sept. 30, 2023
(Compiled by Arasu Kannagi Basil in Bengaluru; Editing by Krishna Chandra Eluri)
