LAWRENCE — The state of banking in Kansas is greatly improved, according to a report released by the University of Kansas Center for Banking Excellence.
The report examines the current financial condition of Kansas commercial banks as well as trends over the past decade and the industry’s recovery from the financial crisis. The report favorably compares the financial health of Kansas banks to banks operating in other states.
“Conditions in the coming years will feel much more like a normal banking environment,” said Robert DeYoung, director of the Center for Banking Excellence and author of the report. “We are confident that Kansas banks will thrive in this environment, despite having to adjust to new regulatory standards.”
The forecast for Kansas banks, according to the report, includes gradual growth in lending and profitability as banks continue their traditional focus on helping local businesses and households solve their pressing financial problems.
DeYoung is the Capitol Federal Distinguished Professor in Financial Markets and Institutions at the School of Business. He serves as co-editor of the Journal of Money, Credit and Banking, and he is a leading scholar on performance, practice and regulation in the banking industry.
The full report is available online.
The KU Center for Banking Excellence has three broad missions: to conduct research aimed at better understanding the condition and performance of the U.S. banking industry and, by extension, Kansas banks; to perform outreach to the greater Kansas banking community, in the form of academic conferences, industry conferences and executive education; and to serve as a conduit between KU students and the greater Kansas financial services industry. The Center for Banking Excellence was established in 2009 and is funded in part by an endowed gift from Capitol Federal Foundation of Topeka.