FDIC-Insured Institutions Report Net Income of $62.6 Billion in Second Quarter 2019 — 2019-09-05

 Net Income Increases 4.1 Percent from Second Quarter 2018  Net Interest Margin Remains Stable at 3.39 Percent  Community Banks Report Increase in Net Income of 8.1 Percent from a Year Earlier  Total Loan and Lease Balances Increase from the Previous Quarter and a Year Earlier  The Number of Banks on the “Problem Bank List” Declines to 56 _______________________________ “While the banking industry reported another positive quarter and the banking system remains strong, the FDIC continues to encourage prudent risk management in order to remain resilient through economic cycles.” — FDIC Chairman Jelena McWilliams _______________________________ For the 5,303 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $62.6 billion in second quarter 2019, an increase of $2.5 billion (4.1 percent) from a year earlier.