U.S. Banks Keep Chugging Along in Q2 2025 Despite Ongoing Uncertainty

This commentary reviews Q2 2025 results and outlook for U.S. Banking Organizations.

Key highlights include:

-- While the operating environment remains highly uncertain, large U.S. banks performed well in Q2 2025.

-- Highlights included improving net interest income, strong fee income, particularly for those with capital markets businesses, favorable asset quality and strong capital.

-- With more than 90% of our rated U.S. banks currently on Stable trends and the balance on Positive trends, we see few, if any, changes to our bank credit ratings during the second half of the year.

"Regardless of what lies ahead, we consider large U.S. banks to be well positioned to cope with an adverse operating environment, considering their robust liquidity and capital positions as well as their consistently strong stress test results. With more than 90% of our rated U.S. banks currently on Stable trends and the balance on Positive trends, we see few, if any, changes to our bank credit ratings during the second half of the year." said Michael McTamney, CFA, Senior Vice President -- North American Financial Institution Ratings.