Comparative Safety and Soundness The Industrial Bank Industry: Third Quarter 2023
The Utah Center for Financial Services at the University of Utah prepared this report to highlight the safety and soundness of industrial banks. Key measures of safety and soundness in banking are capital, asset quality, and profitability.
The banking industry, in general, enjoyed strong profitability and solid financial condition in both quarters. The industrial bank sector continues to achieve superior earnings and strong capital and asset quality ratios.