Worst-Performing Bank Stocks of 2013
December 24, 2013 12:00 AM
Even the worst-performing banks with $20 billion or more in assets enjoyed double-digit stock price gains in 2013 as a rising tide lifted all boats. However, the following institutions underperformed relative to the KBW Bank Stock Index's 30% rise (all prices are for the year through Dec. 12).
Data: Sandler O'Neill and SNL Financial
First Horizon (FHN)
Total return: 12.7%
In October the Memphis, Tenn. company posted a
Northern Trust (NTRS)
Total return: 13.9%
Northern Trust's significantly missed Wall Street earnings expectations in the second quarter after revenue stalled and expenses rose more than analysts had forecast. The third quarter was better but still left investors unimpressed.
BOK Financial (BOKF)
Total return: 14.7%
The Oklahoma City company and retiring CEO Stan Lybarger were stung by the summer's spike in long-term interest rates and the end of the mortgage-refi boom. Although profitable, BOK
M&T Bank (MTB)
Total return: 15.8%
M&T's pending acquisition of Hudson City Bancorp (HCBK)
People's United (PBCT)
Total return: 20.8%
The Bridgeport, Conn. company's net interest margin
BB&T (BBT)
Total return: 21.5%
BB&T was on the losing end of a September court decision over taxes and penalties, which forced the Winston-Salem, N.C., company to
US Bancorp (USB)
Total return: 22.7%
The Minneapolis company has largely avoided negative headlines, although it did agree this month to
