FootnotedPro: Long-term risks to bank income

The slow season for filings is a mixed blessing: It lets us spend a little more time with the filings that do come in. But at the same time, there’s less in the way of clear-cut, compelling material for FootnotedPro, our subscription service for professional investors.

So we took the opportunity to go back and dig a little deeper into some bank filings, and touch base with some of the accounting gurus we know. What we found, and put in the FootnotedPro report we published yesterday, is a simmering issue that’s going to be increasingly important to banks as they work through the aftermath of the financial crisis — banks ranging from giants like Wells Fargo (WFC) to smaller outfits like Zion Bancorp. (ZION) and Umpqua Holdings (UMPQ).

FootnotedPro, our subscription-only service, provides actionable investment ideas and deeper insight into public company filings, highlighting unusual opportunities and potential problems well in advance of the market. For more information, or to inquire about a trial subscription, check out the website, or email us at