Florida banks hit ?pivotal point?

Sean Driscoll

Florida banks are seeing less of an impact from nonperforming assets.

Banks in the Sunshine State hit a benchmark on March 31 that they haven?t seen since early 2009.

The ratio of nonperforming assets to total assets fell below 5 percent in every region of Florida during the first quarter of 2013, according to a report from Monroe Financial Partners Inc.

It?s a key sign of strong improvement in the asset quality of Florida?s banks, wrote Paula Johansen, managing director. She called it a ?pivotal point.?

Read more on the report from the Tampa Bay Business Journal.

Margie Manning is Quality and Content Editor of the Tampa Bay Business Journal. She also covers banking, finance and professional services.

Source: http://feedproxy.google.com/~r/bizj_jacksonville/~3/2wbrYVzowvY/florida-banks-hit-pivotal-point.html

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