One of the big fallouts from the crashing oil prices will be debt defaults by oil/gas explorers. Here's a quick look at four banks that have serious exposure to the energy space.
BOK Financial (BOK) has about 18.5% of its current loan portfolio exposure to the energy space, Cullen Frost (NYSE:CFR) has 14%, Hancock Holding (NASDAQ:HBHC) has 13% and Midsouth Bancorp (NYSEMKT:MSL) has an impressive 21%.
MSL - down 7% over the last week, trades 1.2x book value and has a 11.5% ROE.
BOKF - down 9% for the last week, trades 1.3x BV, 11.9% ROE.
CFR - down 7%, 1.7x BV, 12.6% ROE.
HBHC - down 7%, 1x BV, 6.8% ROE.
MSL and BOKF are looking enticingly weak.