FDIC-Insured Institutions Reported $60.2 Billion in Net Income in the Second Quarter 2018 — 2018-08-23

Community Bank Net Income Increases to $6.5 Billion • Quarterly Net Income Rose 25.1 Percent Over Second Quarter 2017 Income, Led by Higher Net Operating Revenue and a Lower Effective Tax Rate • Community Bank Net Income Increased 21.1 Percent from the Second Quarter of 2017 • Margins Increased as Average Yields Outpaced Growth in Funding Costs • Loan Balances Expanded 4.2 Percent from Second Quarter 2017 • Noncurrent Loan Rate Declined, While Net Charge-Off Rate Remained Stable _______________________________ “The banking industry experienced continued improvement in net interest income, noninterest income and loan performance this quarter. However, the interest-rate environment coupled with competitive lending conditions have led to heightened exposure to interest-rate, liquidity, and credit risks.