Message from John Epperson, Managing Principal, Financial Services
Dear FIEB readers,
Where has the time gone? I find it hard to believe Thanksgiving is next week.
Third quarter financial reporting results are now largely complete for the roughly 400 banks filing with the SEC. For the approximately 170 banks on CECL, allowances continue to decrease for the vast majority. For the remaining banks filing with the SEC, allowances remain relatively steady. Credit quality continues to improve overall, with the vast majority of issuers reporting a decline in nonperforming loans.
I invite our readers join our 2021 Crowe Financial Services Conferences. We will cover the latest accounting and financial reporting changes, federal tax proposals, and critical economic and technology trends – information that can help you navigate this time of rapid transformation. Registration is available for various two-day in-person locations or our one-day virtual event on Friday, Nov. 19.
As we move through the fourth quarter, I wish you, your family, and your friends a delightful Thanksgiving, whether it’s in person or virtually.