FDIC-Insured Institutions Report Net Income of $59.1 Billion in Fourth Quarter 2018 — 2019-02-21

• Net Income Rises $33.8 Billion Over Fourth Quarter 2017 • Higher Net Operating Revenue and Lower Income Tax Expenses Lift Net Income • Community Banks Net Income Increases $2.7 Billion from a Year Earlier • Net Interest Income Increases 8.1 Percent from a Year Earlier • Total Loan and Lease Balances Rise 4.4 Percent Over 12 Months • Full-Year 2018 Net Income Grows to $236.7 Billion • Number of “Problem Banks” Drops to 60 “The banking industry continued to report strong results, and the FDIC is actively monitoring economic conditions to ensure banks remain resilient.” — FDIC Chairman Jelena McWilliams _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $59.1 billion in the fourth quarter of 2018, up $33.8 billion (133.4 percent) from a year ago.