PPP loans are bright spots, but banks face uncertainties
“During the quarter, our team closed over 10,500 PPP loans and worked through our internal deferral programs with both commercial and consumer customers,” said Renasant Bank CEO Mitch Waycaster, seen here in November 2019. “While there are still many economic uncertainties, we remain committed to meeting the needs of our clients and prudently managing our balance sheet while focusing on profitable growth without sacrificing credit quality.” (Jim Weber/Daily Memphian file)
Banks could not give guidance on future quarters, given unknowns surrounding the coronavirus and its potential impact on the U.S. economy and consumers.
Topics
Renasant Bank Truist Financial Corporation First Horizon National Corp. BancorpSouth BankChristin Yates
Christin Yates is a native Memphian who has worked in PR and copywriting since 2007. She earned her B.S. in public relations and M.S. in mass communications from Murray State University.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.