RJF · 10-Q · 2026Q2 · Full report

Bank Loan Demand

RAYMOND JAMES FINANCIAL INC · 2026-08-05 · Importance 43 · Surprise 32

Bank loans, net increased $4.7 billion from September 30, 2025, primarily due to continued growth in securities-based and residential mortgage loans. Bank net interest income increased 7% in the quarter and 11% year to date, supported by higher average interest-earning assets, particularly securities-based and residential mortgage loans. The year-to-date loan mix shifted favorably from available-for-sale securities toward loans. Corporate loan paydowns and improved portfolio credit quality contributed to a bank loan credit-loss benefit in both the quarter and year-to-date period, indicating lower credit stress rather than a deterioration in demand.

Key facts

• Distribution of recorded investment of bank loans maturing in more than one year at June 30, 2026: fixed rate $2,460 million, adjustable rate $26,542 million, total $29,002 million; total held for sale and investment fixed $2,463 million, adjustable $26,661 million, total $29,124 million. source
• Bank loans, net increased $4.7 billion between September 30, 2025 and June 30, 2026, primarily due to growth in securities-based and residential mortgage loans source