US bank deposits rose to $18.105 tln from $18.081 tln in prior week.

US bank deposits rose to $18.105 tln from $18.081 tln in prior week.

US bank deposits surged to $18.105 trillion from $18.081 trillion in the previous week, according to the latest financial reports. This increase reflects a steady rise in consumer financial habits and improved credit metrics, as evidenced by several key reports.

Discover Financial Services, one of the leading financial institutions, reported stable consumer financial habits and improving credit metrics in Q1 2025. The company's interim CEO, Michael Shepherd, highlighted the "good credit performance" and stable consumer behavior, as evidenced by spend, payment, and credit trends. The 30+ day delinquency rate was down by 0.18% compared to the fourth quarter of last year, indicating a healthier credit environment [1].

In addition, Discover's PULSE network volumes increased by 3% driven by growth in debit spending, reaching $81.3 billion. The company's acquisition by Capital One is expected to increase competition in payment networks, offer a wider range of products, and increase resources for innovation and security. This strategic move is likely to contribute to the overall growth of the banking sector [1].

Amalgamated Financial Corp. (AMAL) also reported strong Q1 2025 financial results, with net income of $25.0 million, or $0.81 per diluted share. Key highlights include total deposits growing by $445.9 million (6.2%) to $7.6 billion, and a robust liquidity position with $3.6 billion available within two days, covering 94% of uninsured deposits. Despite some declines in core earnings and interest margin, the bank maintained a strong capital position with a Common Equity Tier 1 ratio of 14.27% and tangible book value per share increasing 4.0% to $23.51 [2].

These positive developments suggest that the banking sector is experiencing a period of stability and growth, driven by improved consumer financial habits and strategic acquisitions. Investors and financial professionals should closely monitor these trends as they indicate a healthy financial environment.

References:
[1] https://www.pymnts.com/earnings/2025/discover-charge-offs-improve-debit-volumes-grow-consumers-are-stable/
[2] https://www.stocktitan.net/news/AMAL/amalgamated-financial-corp-reports-first-quarter-2025-financial-dss7j2bm90kr.html