OTC Markets Group Inc (OTCQX:OTCM) has enhanced the bank call report data available on OTCMarkets.com by including interactive historical data trend charts for the more than 550 US community banks trading on the OTCQX, OTCQB and Pink markets.
Bank call reports come with a slew of data, including income statements, lending portfolios, balance sheets, deposit information and more — and the sheer volume of it can make pinpointing changes over time difficult, the group said.
That’s where the OTC’s new interactive data tools come in. The revamped data offering broadens what’s possible with call report PDFs and allows users to seamlessly evaluate trends over time without having to download multiple individual reports and create their own spreadsheets.
READ: OTC Markets Group beefs up small cap listed compliance offerings with 'hot sector' data
The trend charting is made possible by Qaravan Inc, an integral part of OTC’s Market Data offerings designed to provide intuitive risk and performance analytics for banking and finance industry professionals.
"We are pleased to provide the investor community with integrated data solutions and functionality that demonstrate the capabilities of the Qaravan platform," EVP of Market Data and Strategy Matthew Fuchs said. "We continue to make substantive enhancements to our bank datasets and functionality on OTCMarkets.com to increase efficiency and transparency for retail investors."
Call report data is required to be published by FDIC-insured financial institutions every quarter under Federal Financial Institutions Examination Council (FFIEC) requirements to inform state banking authorities, regulators and the public of its current performance and risk.
The call report data is available on bank disclosure pages on OTCMarkets.com and on Canari, the group’s web-based compliance interface.
Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com
Follow him on Twitter @andrew_kessel