Category: Industry Updates

Industry Updates

Earnings & Losses at Commercial Banks: 2001-2016

Recent FDIC reports have highlighted the stability and growing profitability among the nation’s financial institutions. In examining (2) key measures of asset quality (net charge-off rates as a percent of loans) and profitability (ROA), the data suggests both measures have stabilized for commercial banks since the financial crisis.

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FDIC-Insured Institutions Earn $43.7 Billion in Fourth Quarter 2016, Community Bank Net Income Rises to $5.3 Billion

FDIC Chairman Gruenberg:“Revenue and net income were higher, loan balances grew, asset quality improved, and the number of unprofitable banks and ‘problem banks’ continued to fall,” Gruenberg said. “Community banks also reported solid results for the quarter and year with strong net income, revenue, and loan growth.

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Use of Credit Cards is On the Upswing

The Center for Microeconomic Data’s latest Quarterly Report on Household Debt and Credit shows that total outstanding credit card debt was $747 billion at the end of September.

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FDIC Provides Highlights from April 2016 Community Banking Conference

From the FDIC:

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