We extend beyond healthiness assessment of banks using quantitative financial data by applying textual sentiment analysis. Looking at 10-K annual reports for a large sample of banks in the 2000-2014 period, 52 public bank holding companies that were associated with bank failures during the...

We examine U.S. publicly traded bank holding companies (BHCs) that failed during the 2007-2009 global financial crisis. Using consolidated data at the BHC level and 10-K filings, we investigate the determinants of bank failures during this period using nonlinear machine learning (ML). The...