FDIC-Insured Institutions Earn $47.9 Billion in Third Quarter 2017 — 2017-11-21

Community Bank Net Income Rises to $6 Billion • Industry Net Income Is 5.2 Percent Higher Than a Year Earlier • Annual Loan And Lease Growth Slows to 3.5 Percent • Net Interest Income Rises 7.4 Percent from Third Quarter 2016 • Community Bank Earnings Increase 9.4 Percent from a Year Earlier _______________________________ “This was another positive quarter for the banking industry. But while overall performance improved, the interest-rate environment and competitive lending conditions continue to pose challenges.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $47.9 billion in the third quarter of 2017, up $2.4 billion (5.2 percent) from a year earlier. The increase in earnings was mainly attributable to an $8.8 billion (7.4 percent) increase in net interest income.