Commercial loan performance is all over the map in pandemic era.

July 21, 2021 Commercial loan performance at U.S. banks is starting to diverge, with some lenders - particularly those catering to industries hit hard by the pandemic - reporting elevated levels of problem loans and others showing vast improvement in credit quality. The New York-based bank is almost entirely a commercial lender, with commercial real estate loans comprising about half of its total portfolio, and commercial and industrial loans accounting for most of the rest. The disparate paths have become evident in second-quarter results, as companies such as energy-focused Comerica reported declines in criticized loans, while M&T Bank, which has exposure to the hospitality industry, has seen its troubled loans nearly double in the past year. [Extracted from the article]

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