FDIC-Insured Institutions Earn $43 Billion in Second Quarter 2015 — 2015-09-02

Community Bank Earnings Rise 12 Percent to $5.3 Billion • Net Operating Revenue of $172.9 Billion is 2.1 Percent Higher Than a Year Ago • Asset Quality Indicators Show Further Improvement • Net Interest Margins Remain Under Pressure "The banking industry — and community banks in particular — had another positive quarter, but challenges remain." -- FDIC Chairman Martin J. Gruenberg Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $43.0 billion in the second quarter of 2015, up $2.9 billion (7.3 percent) from a year earlier and the highest quarterly income on record. The increase in earnings was mainly attributable to a $3.6 billion rise in net operating revenue (net interest income plus total noninterest income). Financial results for the second quarter of 2015 are included in the FDIC's latest Quarterly Banking Profile released today.