Journal Article

Banks Face New Challenges as Texas Rebounds from COVID-19 Shock

Abstract: The banking industry faced significant challenges from the COVID-19 pandemic in 2020, with profitability declining to levels not seen since the 2008–09 financial crisis. While strong economic growth during 2021 is expected as the economy reopens, some credit deterioration and losses are still possible as fiscal stimulus and national forbearance programs end.

Access Documents

File(s): File format is text/html
Description: Full text


Bibliographic Information

Provider: Federal Reserve Bank of Dallas

Part of Series: Southwest Economy

Publication Date: 2021

Issue: Second Quarter