FDIC-Insured Institutions Report Net Income of $25.5 Billion in Fourth Quarter 2017 — 2018-02-27

 Quarterly Net Income Is 40.9 Percent Lower than a Year Ago Largely Due To One-Time Changes from the New Tax Law  Excluding Changes from the New Tax Law, Estimated Quarterly Net Income Would Have Been $42.2 Billion, Down 2.3 Percent from a Year Ago  Net Interest Income Rises 8.5 Percent from Fourth Quarter 2016  Total Loan and Lease Balances Increase $164.1 Billion During the Fourth Quarter  “Problem Bank List” Falls Below 100 “Notwithstanding the one-time impact of the new tax law, the overall performance of the industry continued to be positive.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $25.5 billion in the fourth quarter of 2017, down $17.7 billion (40.9 percent) from a year ago.