Banks: H.8 Loans + Interest Rate Update (7/13)

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Banks: H.8 Loans + Interest Rate Update (7/13)

The category seeing the largest increase in loans 3QTD, according to H.8 data,

is nondepository financial institutions loans (NDFI), which is up 1.9% unann. thus far in the quarter,

following NDFI growth in 2Q26 of 4.9%. NDFI growth is up 1.7% unann. for large banks (compared

to up 4.6% in 2Q), and up 3.3% unann. for small banks (compared to 6.9% in 2Q). Consumer loan

growth is 1.2% unannualized 3QTD, following consumer growth in 2Q'26 of 0.4%, largely driven

by a 1.3% increase from large banks (vs. +0.6% in 2Q'26), while small banks are trending up 0.7%

unann. (vs. -0.5% in 2Q). C&I loan (excl. NDFI) is flat sequentially 3QTD above the 10-yr historical

3QTD of down 0.1%, following C&I loan growth (excl. NDFI) in 2Q'26 of 4.3%. C&I loan growth 3QTD

(excl. NDFI) is being driven by large banks (down 0.4% unann., compared to up 5.0% in 2Q26) while

small banks are up 1.1% 3QTD (compared to up 2.8% in 2Q26). C&I loan growth (incl. NDFI) is up

0.8% unannualized 3QTD above 10-yr historical 3QTD trend of 0.6%, driven by large banks (up 0.5%

unann. compared to 4.8% in 2Q26) and small banks (up 1.6% 3QTD compared to up 3.7% in 2Q26).

Residential real estate loans are up 0.3% unann. thus far in the quarter, following resi growth in

2Q'26 of 0.1%. Resi growth is up 0.1% sequentially for large banks (compared to down 0.3% in 2Q),

and small banks are up 0.7% unann. (compared to 0.7% in 2Q). CRE loan growth is up 0.4% unann. David Chiaverini, CFA * | Equity Analyst

3QTD, below the 10-year historical 3QTD trend of 0.7%, following CRE loan growth in 2Q26 of 0.8%. +1 (212) 778-8554 | dchiaverini@jefferies.com

For small banks, CRE loans are up 0.4% unann. 3QTD compared to 0.7% in the prior quarter, while Daniel T. Fannon * | Equity Analyst