FDIC-Insured Institutions Reported Net Income of $55.2 Billion in Fourth Quarter 2019 — 2020-02-25

FDIC-Insured Institutions Reported Net Income of $55.2 Billion in Fourth Quarter  Full–Year 2019 Net Income Declined 1.5 Percent to $233.1 Billion  Quarterly Net Income Declined 6.9 Percent from Fourth Quarter 2018  Net Interest Margin Declined from a Year Ago to 3.28 Percent  Community Banks' Quarterly Net Income Improved 4.4 Percent from a Year Ago  Total Loan and Lease Balances Grew from the Previous Quarter and a Year Ago  The Number of Banks on the "Problem Bank List" Remained Low "The banking industry reported strong results, despite declines in full–year and quarterly net income. In the current economic environment, the FDIC encourages banks to maintain careful underwriting standards and prudent risk management." — FDIC Chairman Jelena McWilliams For the 5,177 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $55.2 billion in fourth quarter 2019, a decline of $4.1 billion (6.9