For loan sales in the fourth quarter of 2024, the 10 biggest winners saw an average net gain on the sale of
The biggest winner, U.S. Bank, had a net loss of $90 million in the three months ended Dec. 31, while
Read more about the biggest winners and losers on fourth-quarter
Source: S&P
Losers
Ranking | Company | Total Assets($B) | Net gains/loss on sale of loans and leases Q4 2024 ($M) | Net gains/loss on sale of loans and leases 2024 ($M) | Net gains/loss on sale of loans and leases 2023 ($M) |
---|---|---|---|---|---|
10 | Amerant Bank | 9.9 | -10.9 | -8.8 | -42 |
9 | SoFi | 36.25 | -16.1 | 46 | 377.3 |
8 | NexBank | 14.37 | -24.2 | -2.6 | 2.5 |
7 | Cross River Bank | 8.33 | -24.3 | -143.8 | -7.5 |
6 | Washington Trust | -6.94 | -60.80 | -54.3 | 3.2 |
5 | Western Alliance Bank | 80.93 | -63.3 | 36.8 | -79.6 |
4 | Citibank | 2,352.95 | -64 | 55 | -150 |
3 | Goldman Sachs | 1,675.97 | -69 | -344 | -712 |
2 | HomeStreet Bank | 8.12 | -85 | -76.9 | 9.3 |
1 | TD Bank | 540.34 | -908.2 | -898.3 | 8.5 |
Winners
Ranking | Company | Total Assets($B) | Net gains/loss on sale of loans and leases Q4 2024 ($M) | Net gains/loss on sale of loans and leases 2024 ($M) | Net gains/loss on sale of loans and leases 2023 ($M) |
---|---|---|---|---|---|
10 | Luminate Bank | 0.34 | 34.3 | 126.6 | 104.6 |
9 | KeyBank | 187.18 | 39.9 | 141.3 | 155.6 |
8 | The Federal Savings Bank | 1.18 | 41.8 | 157.1 | 135.1 |
7 | Wells Fargo | 1,929.85 | 43 | 189 | 216 |
6 | Huntington Bank | 204.23 | 44.7 | 151.2 | 139.8 |
5 | Morgan Stanley | 1,215.07 | 45 | 10 | -25 |
4 | PNC Bank | 560.05 | 59.3 | 133.1 | 153.3 |
3 | Square | 0.93 | 60.6 | 244.3 | 214.3 |
2 | Hilltop Securities | 16.27 | 72.1 | 298.8 | 274 |
1 | U.S. Bank | 678.32 | 90 | 288 | 237 |
Losers










Winners










-
The Consumer Financial Protection Bureau is laying off more than 1,400 employees just days after a panel of judges said the bureau couldn't fire employees without an assessment of whether the workers are unnecessary to perform the bureau's legally mandated duties.
3h ago -
The Ohio-based regional bank is poised to outperform in the second quarter after coming close to "hitting on all cylinders" during the first three months of the year, CEO Steve Steinour said.
4h ago -
Marion and Polk Schools Credit Union announced plans to buy Lewis & Clark Bank in Oregon City; Citizens Financial Group tapped veteran McKinsey banker Azra Pravdic to join its executive committee; the Federal Reserve Board approved United Community Banks' merger with ANB; and more in this week's banking news roundup.
5h ago -
The investment and custody bank beat Wall Street estimates on net income but missed on revenue expectations. An increase in fee revenue offset stagnant net interest income. Management expects more of the same for the rest of the year.
5h ago -
The New York megabank, which is stuck in the middle of a legal battle between climate groups and the Trump administration, had been ordered earlier this week to disburse billions of dollars in grants made during the Biden administration.
5h ago -
Federal Reserve Gov. Michael Barr — who recently stepped down as the central bank's vice chair for supervision — urged banks and regulators to use emerging technologies to keep pace with bad actors.
7h ago