Browsing: Quarterly Banking Profile

Community Banking

FDIC-insured banks and savings institutions earned $39.8 billion in the first quarter, up 6.9 percent from the industry’s earnings a year before, the FDIC said today. Earnings improved as net operating revenue increased, driven by 4.6 percent growth in noninterest income — in particular trading revenue and noninterest income from single-family mortgages — and a 1.5 percent increase in net interest income.