Operating performance at banks improved a bit in the first quarter from the prior quarter, but not to peak levels, according to Brown Brothers, Harriman & Co., New York.

For 25 money-center and superregional companies, the typical net interest margin fell 3 basis points from to 3.90% from the prior quarter and is now down 30 basis points from the high in late 1992. A 2% jump in interest-earning assets, mostly loans, brought a 1% rise in net interest income.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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