The trend: The number of US banks that lost money during at least four of the last eight quarters increased significantly in the last year, per S&P Global. Similarly, the cumulative net loss for credit unions jumped substantially.
The details: The findings illustrate the mounting pressures the US financial industry is facing.
- The number of banks with consistent losses increased to 235 in Q1 2025—versus 219 in Q4 2024 and 160 in Q1 2024.