SOURCE: The Bedford Report

The Bedford Report

May 25, 2011 08:16 ET

Citizens Republic and SunTrust Show Steady Improvement

The Bedford Report Provides Analyst Research on Citizens Republic & SunTrust

NEW YORK, NY--(Marketwire - May 25, 2011) - Companies in the regional banking sector have posted better numbers of late as most firms are finally setting aside less money to cover loan losses. More thorough and cautious credit checks have led to fewer delinquent loans and greater financial stability. While the improving margins helped narrow losses, long-term growth worries still loom. The Bedford Report examines the outlook for companies in the Regional Banking Sector and provides research reports on Citizens Republic Bancorp, Inc. (NASDAQ: CRBC) and SunTrust Banks, Inc. (NYSE: STI). Access to the full company reports can be found at:

Although employment numbers are improving, analysts argue loan demand remains low due to the average American's weaker appetite for debt following the financial crisis. It is believed that many banks will not see much revenue growth because of this, but that instead, declining credit costs will be the primary driver of profits moving forward.

Several Banks in the industry have warned that the increased role of government-owned companies in the mortgage market may weigh on results moving forward. Housing market reform could create opportunities for companies in the savings and loans industry with marginal debt issues. Smaller banks may be able to originate more housing loans as Washington mulls its options regarding government sponsored enterprises.

The Bedford Report releases regular market updates on the Regional Banking Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

SunTrust has reported steady improvements in credit quality. In the most recent quarter the company posted a 48 percent year-over-year decline in provision for credit losses to $447 million.

At Citizens Republic, delinquencies fell to their lowest levels in four years in the most recent quarter. Citizens Republic provides a range of banking and financial services to individuals and businesses through its subsidiaries. In the first quarter, Citizens reported a net loss from continuing operations of $68.7 million, compared with net losses of $106.2 million for the fourth quarter of 2010 and $76.0 million for the first quarter of 2010.

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