Net Income Declines 2 Percent to $39.1 Billion At FDIC-Insured Institutions In First Quarter 2016 — 2016-06-01

Community Bank Net Income Rises 7.4 percent to $5.2 Billion  Net Operating Revenue of $173 Billion Is 2.7 Percent Higher Than a Year Ago  Noncurrent Loans Post First Increase in Six Years Led By Energy Loans  12-Month Growth Rate for Loan Balances is Highest Since Second Quarter 2008 _______________________________ “The banking industry reported mixed results for the first quarter. By many measures, the industry had a positive quarter. However, noncurrent loans to the oil and gas industry rose sharply and net interest margins remained low by historical standards.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $39.1 billion in the first quarter of 2016, down $765 million (1.9 percent) from a year earlier.