Regional banks have so far held on to deposits better than investors might have feared. But they still bear some scars from a difficult quarter.
Among banks that have reported earnings, deposits across all the large banks tracked by The Wall Street Journal declined by about 1.5% from the end of the fourth quarter to the end of the first. That is much less than the overall 3.3% decline reported by the Federal Reserve across all U.S. banks over that time period. Even just among the large regional banks tracked, the total decline was 2.4%.
