FDIC-Insured Institutions Earn $44 Billion in First Quarter 2017 — 2017-05-24

Community Bank Net Income Rises to $5.6 Billion  Quarterly Net Income Is 12.7 Percent Higher than a Year Earlier  Community Bank Net Income Rises 10.4 Percent from a Year Ago  Annual Loan Growth Rate Slows to 4 Percent, On Par With Nominal GDP Growth  “Problem Bank List” Falls to 9-Year Low “The banking industry reported largely positive results for the first quarter, but the operating environment continues to pose challenges for banks.” — FDIC Chairman Martin J. Gruenberg _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $44 billion in the first quarter of 2017, up $5 billion (12.7 percent) from a year earlier. The increase in earnings was mainly attributable to an $8.8 billion (7.8 percent) increase in net interest income and a $2.1 billion (3.4 percent) increase in noninterest income.