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  • Reuters

    Factbox-US banks' commercial real estate loan worries linger after latest tumble

    By Reuters,

    4 hours ago
    https://img.particlenews.com/image.php?url=0ftsUa_0uDTkXs200

    (Reuters) - Several U.S. regional and mid-sized banks continue to face the squeeze from high exposure to the commercial real estate (CRE) sector that has been roiled by higher-for-longer interest rates and empty office buildings.

    On Wednesday, First Foundation's shares slumped after the Texas-based lender with a huge portfolio of multifamily real estate loans disclosed a $228 million "unexpected" capital raise at a steep discount.

    Below is a list of U.S. banks with some of the largest ratio of CRE loans to Tier 1 capital plus allowance for loan losses, as of March 31, according to S&P Global Market Intelligence.

    Note:

    * ALLL - allowance for loan and lease losses

    Data source: S&P Global Market Intelligence

    (Reporting by Manya Saini and Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila)

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