FDIC-Insured Institutions Earn $39.8 Billion in First Quarter 2015 — 2015-05-27

Community Bank Earnings Rise 16 Percent to $4.9 Billion • Net Operating Revenue of $168.4 Billion Is 2.6 Percent Higher Than a Year Ago • Asset Quality Indicators Show Further Improvement • Net Interest Margins Remain Under Pressure _______________________________ "On balance, results from the first quarter reflect an improving banking industry with stronger community banks." -- FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $39.8 billion in the first quarter of 2015, up $2.6 billion (6.9 percent) from a year earlier. The increase in earnings was mainly attributable to a $4.3 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the first quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today.