FDIC-Insured Institutions Earn $48.3 Billion in Second Quarter 2017 — 2017-08-22

Community Bank Net Income Rises to $5.7 Billion • Quarterly Net Income Is 10.7 Percent Higher Than a Year Earlier • Community Bank Net Income Rises 8.5 Percent From a Year Ago • Average Return On Assets of 1.14 Percent Is Highest In 10 Years • Total Loans and Leases Increase 3.7 Percent From Year Earlier “This was another positive quarter for the banking industry. Revenue and net income growth were both strong, profitability reached a post-crisis high, and net interest margins improved. While the quarterly results were largely positive, the operating environment for banks remains challenging.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $48.3 billion in the second quarter of 2017, up $4.7 billion (10.7 percent) from a year earlier.