The banking industry ended 2016 on a high note, but in a way that creates more uncertainty about the state of consolidation.

Overall activity was off for much of last year as the presidential election and low energy prices created reasons to take pause. The number of mergers fell 13% from a year earlier, with 241 bank deals announced, according to Keefe, Bruyette & Woods and S&P Global Market Intelligence.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.