Barclays Bank Delaware
Analysis
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Edited by General
Barclays Bank Delaware is a division of the often-troubled UK-based Barclays PLC. In the US, its brand recognition emanates from its acquisition of Lehman Brothers in 2008, its name on an arena in Brooklyn and its role as one of the credit card issuers for American Airlines. Unlike in the UK, its US commercial banking operation does not have a branch network and operates mainly online.
Advantages
- Barclays online savings accounts have no minimum to open, easy ACH transfers and a functional mobile app.
- Barclays online CD rates are generally competitive with other major online banks and have more reasonable early withdrawal penalties.
Disadvantages
- Barclays is one of the world's largest lenders to the oil and gas industry.
- Rates have not been the most competitive available in over a decade.
- The bank does not offer and debit card or ATM access.
Financial Details
Barclays Bank Delaware Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Barclays Bank Delaware. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.
Texas Ratio
| Barclays Bank Delaware | U.S. Bank Average |
|---|---|
| 6.85% | 4.29% |
The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.
As of March 31, 2024, Barclays Bank Delaware had $532,000,000 in non-current loans and $0 in owned real estate. To cover these potential losses it had $5,175,000,000 in equity and $2,592,000,000 in loans loss reserves. That gives it a Texas Ratio of 6.85%.
Return on Equity
| Barclays Bank Delaware | U.S. Bank Average |
|---|---|
| 4.95% | 10.46% |
Barclays Bank Delaware has a Return on Equity of 4.95% versus the BestCashCow average of 10.46%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.
Capitalization
| Barclays Bank Delaware | U.S. Bank Average |
|---|---|
| 12.81% | 10.73% |
Barclays Bank Delaware has a Capitalization of 12.81% versus the BestCashCow average of 10.73. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.
Barclays Bank Delaware Balance Sheet Analysis
As of March 31, 2024, Barclays Bank Delaware had assets of $40,409,000,000, loans of $27,836,000,000, and deposits of $30,599,000,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.
Summary Balance Sheet
March 31, 2024| ASSETS | |
|---|---|
| Cash & Balances due from depository institutions | $ 7.35 billion |
| Interest-bearing balances | $ 6.68 billion |
| Total securities | $ 1,592.00 million |
| Federal funds sold and reverse repurchase | $ 1,187.00 million |
| Net loans and leases | $ 27.84 billion |
| Loan loss allowance | $ 2.59 billion |
| Trading account assets | N.A. |
| Bank premises and fixed assets | N.A. |
| Other real estate owned | N.A. |
| Goodwill and other intangibles | $ 361.00 million |
| All other assets | $ 1,112.00 million |
| Total Assets | $ 35.23 billion |
| LIABILITIES | |
|---|---|
| Total deposits | $ 30.60 billion |
| Interest-bearing deposits | $ 30.55 billion |
| Deposits held in domestic offices | $ 30.60 billion |
| % insured (estimated) | 95.00% |
| Federal funds purchased and repurchase agreements | N.A. |
| Trading liabilities | N.A. |
| Other borrowed funds | $ 2.87 billion |
| Subordinated debt | N.A. |
| All other liabilities | $ 870.00 million |
| Total Liabilities | $ 35.23 billion |
| Shareholders’ Equity | $ 5.18 billion |
Summary Income Statement
March 31, 2024| INCOME AND EXPENSES | |
|---|---|
| Total Interest Income | $ 1,468.00 million |
| Total Interest Expense | $ 383.00 million |
| Net interest income | $ 1,085.00 million |
| Provision for loan and lease losses | $ 413.00 million |
| Total non interest income | $ 151.00 million |
| Total non interest expense | $ 735.00 million |
| Pre-tax Net Operating Income | $ 152.00 million |
Bank Loan Profile?
The top three loan types in Barclays Bank Delaware’s loan portfolio are Credit Card Loans, Commercial and Industrial Loans, and Multifamily Mortgages.
Compared to other banks in Delaware, Barclays Bank Delaware has a significantly higher percent of Multifamily Mortgages, Credit Card Loans, Commercial and Industrial Loans on its balance sheet, potentially indicating a specialty in that lending area.
Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.
| % Loans |
% Comparison to Other Banks |
|||
|---|---|---|---|---|
| Low | Med | High | ||
| 1-4 Family Residential Loans | 0.00 | ✓ | ||
| Multifamily Mortgages |
0.01 | ✓ | ||
| Credit Card Loans | 93.31 | ✓ | ||
| Consumer Auto Loans | 0.00 | ✓ | ||
| Small Business Loans | 0.00 | ✓ | ||
| Construction and Development Loans | 0.00 | ✓ | ||
| Commercial Real Estate | 0.00 | ✓ | ||
| Commercial and Industrial Loans | 0.82 | ✓ | ||
| Farm Loans | 0.00 | ✓ | ||
Savings Fees
| Fee Type | |
|---|---|
| Non Sufficient Funds | $0.00 |
| Maintenance | $0.00 |
| Out-of-network ATM | $0.00 |
| Excessive Transaction | $0.00 |
| Incoming Wires | $0.00 |
Barclays Bank Delaware Reviews
LenaL
May 2, 2022 |
Barclays is the worst. Transfer speeds even worse than Synchrony now. Service is worse than anything. Save yourself the trouble of getting sucked into rates that are sometimes competitive and choose anything else from the list.
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