South Florida enjoyed an uptick in lending last year. The 40 community banks surveyed had combined loans of $28.1 billion at the end of 2011, up 2.7 percent from a year earlier, thanks to 21 of those banks increasing loan portfolios.
A replay of last year's slow economic growth looks likely this year according to DBR panelists who recently gathered to discuss the economic outlook for 2012, as well as their expectations for the region's key business sectors.
Nothing exemplifies the uncertainty and potential transformation South Florida faces than the debate over so-called destination resorts and the casinos their backers are campaigning to legalize. The casino issue was one of many topics up for discussion at the Daily Business Review's quarterly Business Advisory Board economic forecast roundtable.
Even as South Florida community banks push to work out bad debt, nearly half the borrowers fall behind on their restructured loans. Community banks based in Miami-Dade, Broward and Palm Beach counties have restructured more loans, many of them secured by residential and commercial real estate, but almost half of these second-chance loans were past due at midyear, according to our annual survey.
Leases, sales and development projects by federal and local government agencies could pump new life into the industrial sector, but closing a transaction with the government can be a lengthy, bureaucratic process.
Our annual special report on the players who make the biggest, toughest and most complex deals happen.
There likely won't be any turnaround in South Florida's retail sector until there's a boost in hiring, and banks increase the number of loans they write off or step up foreclosure suits.
The Texas ratio, which has hibernated for two decades, is controversial for what is says and doesn?t say about a bank ? and for how accurate a predictor of failure it actually is.
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