FDIC: Fewer Problem banks, Residential REO Declined in Q3

The FDIC released the Quarterly Banking Profile for Q3 today: Higher net interest income, reflecting modest growth in interest-bearing assets and wider net interest margins, helped earnings increase in the third quarter. Quarterly net income at the 5,737 commercial banks and savings institutions insured by the FDIC rose to $47.9 billion , an increase of $2.4 billion (5.2 percent) from third quarter 2016.1 The average return on assets (ROA) rose to 1.12 percent from 1.10 percent a year earlier. More than two out of every three banks-67.3 percent-reported year-over-year increases in earnings,......(read more)

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