US financial institutions are racking up more losses than in previous years

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.

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