FDIC-Insured Institutions Earn $40.4 Billion in Third Quarter 2015 — 2015-11-24

Community Bank Earnings Rise 7.5 Percent to $5.2 Billion • Net Operating Revenue of $172 Billion Is Nearly Unchanged From a Year Ago • Noninterest Expenses Are 2.9 Percent Lower • Banks Continue to Reach for Yield as Net Interest Margins Remain Low "While the banking industry had another positive quarter, there are signs of growing interest-rate risk and credit risk that warrant attention." -- FDIC Chairman Martin J. Gruenberg Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $40.4 billion in the third quarter of 2015, up $1.9 billion (5.1 percent) from a year earlier. The increase in earnings was mainly attributable to a $3.2 billion decline in noninterest expenses, as itemized litigation expenses at large banks were $2.7 billion lower than a year ago. Financial results for the third quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today.