FDIC-Insured Institutions Reported Net Income of $57.4 Billion in Third Quarter 2019 — 2019-11-26

• Net Income Declined 7.3 Percent from Third Quarter 2018 Due to Nonrecurring Events at Three Large Institutions • Net Interest Margin Declined from a Year Ago to 3.35 Percent • Community Bank Quarterly Earnings Increased 7.2 Percent Year Over Year • Total Loan and Lease Balances Increased from the Previous Quarter and a Year Ago • The Number of Banks on the “Problem Bank List” Remained Low _______________________________ “Despite nonrecurring events at three large institutions that impacted overall net income, the banking industry reported positive results this quarter. With the sustained economic expansion, the FDIC urges banks to uphold careful underwriting standards and prudent risk management.” — FDIC Chairman Jelena McWilliams _______________________________ For the 5,256 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $57.4 billion in third quarter 2019, a decline of $4.5 billion (7.3 percent) from a year ago.