New S&P Global Market Intelligence Report Finds U.S. Community Bank Earnings are Expected to Fall 12% year-over-year in 2024

Higher for longer interest rates have put pressure on community banks' net interest margins and put deposits in the spotlight while changing the funding profile of community banks. Rate cuts by the Federal Reserve will offer modest relief in community banks' funding costs late in 2024, but more substantial rate cuts will be needed to drive deposits costs notably lower. Key highlights from the report include: To request a copy of the 2024 U.S. Community Bank Market Report, please contact [email protected]. A ...