FDIC-Insured Institutions Earn $43.7 Billion in Fourth Quarter 2016 — 2017-02-28

Community Bank Net Income Rises to $5.3 Billion • Quarterly Industry Net Income is 7.7 Percent Higher Than a Year Earlier • Full-Year 2016 Industry Earnings Rise to $171.3 Billion • Community Bank Revenue and Loan Growth Outpace Industry • Total Loan Balances Rise 5.3 Percent During 2016 “The banking industry had another largely positive quarter. Nevertheless, the industry continues to face challenges.” -- FDIC Chairman Martin J. Gruenberg Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.7 billion in the fourth quarter of 2016, up $3.1 billion (7.7 percent) from a year earlier. The increase in earnings was mainly attributable to an $8.4 billion (7.6 percent) increase in net interest income. Financial results for the fourth quarter of 2016 are included in the FDIC's latest Quarterly Banking Profile released today.