Net Income Rises to $43.6 Billion At FDIC-Insured Institutions In Second Quarter 2016 — 2016-08-30

Community Bank Net Income Rises to $5.5 Billion  Loan Balances Increase $182 Billion During the Quarter  Net Operating Revenue of $179 Billion Is 3.3 Percent Higher Than a Year Ago  Community Banks Post Strong Growth in Lending and Revenues  Deposit Insurance Fund’s Reserve Ratio Surpasses 1.15 Percent Benchmark _______________________________ “The banking industry reported largely positive results in the second quarter. However, the low interest rate environment continues to pose challenges for the industry.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.6 billion in the second quarter of 2016, up $584 million (1.4 percent) from a year earlier. The increase in earnings was mainly attributable to a $5.2 billion (4.8 percent) increase in net interest income and a $981 million decline in expenses for litigation reserves at a few large banks.