FDIC-Insured Institutions Report Net Income of $60.7 Billion in First Quarter 2019 — 2019-05-29

 Net Income Rises 8.7 Percent from a Year Earlier  Net Interest Margin Rises to 3.42 Percent  Community Banks’ Net Income Increases 10.1 Percent from a Year Earlier  Total Loan and Lease Balances Increase 4.1 Percent from First Quarter 2018  Number of “Problem Banks” Drops to 59 “The banking industry reported another positive quarter. The FDIC continues to encourage banks to maintain prudent risk management in order to support lending through this economic cycle.”— FDIC Chairman Jelena McWilliams _______________________________ Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $60.7 billion in first quarter of 2019, up $4.9 billion (8.7 percent) from a year earlier. The increase in net income was mainly attributable to a $7.9 billion (6 percent) increase in net interest income.