Ind. Loan/Deposit Trends: Loan Growth Remains Robust; Deposits Strong Too

Research evidence excerpt

Ind. Loan/Deposit Trends: Loan Growth Remains Robust; Deposits Strong Too

I N D U S T R Y N O T E

J u n e 2 2 , 2 0 2 6

Bank Insights

CONCLUSION Stephen Scouten, CFA

Total industry loan growth of 7.5% y-o-y continues to impress and has accelerated since Managing Director, Piper Sandler & Co.

our last report. As for the nuance, C&I continues to be the standout, though CRE is holding 404 442-2882, stephen.scouten@psc.com

relatively steady. On the consumer side, HE and auto represent the primary drivers, while Jackson Andrew

CC is mostly stable. We are very pleased to see the strong trends which continue to be Research Analyst, Piper Sandler & Co.

404 442-2859, jackson.andrew@psc.comdriven by C&I. Separately, Large Banks are still growing more rapidly than Small Banks,

not surprising given their heavier weighting to C&I in general. Finally, total deposit growth Ashley Aloupis

Research Analyst, Piper Sandler & Co.

(+6.2% y-o-y) is showing continued strength(and ultimately it will be the cost of those 212 466-7974, ashley.aloupis@psc.com

deposits that will dictate the strength of 2Q26 NIMs). Overall, very solid loan and deposit

trends. INDUSTRY RISKS

(1) Yield curve dynamics; (2) nonbank

• Loan growth remains robust, as does deposit performance - The Fed disclosed competitive pressures; (3) unfavorable

updated industry-wide loan & deposit #’s Thursday evening in its weekly H.8 report. Data regulatory environment changes; (4) slowing

now goes through 6/10/26. income growth and corporate profit margins

could increase credit losses; and (5)

• Industry loan growth has been very strong this year, with the growth rate accelerating slowing economic conditions, including higher

unemployment.

in recent weeks and more-or-less holding firm, with y-o-y growth 7.0%+, for the past 12