FDIC: Fewer Problem banks, Residential REO Declined in Q4

The FDIC released the Quarterly Banking Profile for Q4 2019 today: For the 5,177 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC), aggregate net income totaled $55.2 billion in fourth quarter 2019, a decline of $4.1 billion (6.9 percent) from a year ago. The decline in net income was led by lower net interest income and higher expenses. Financial results for fourth quarter 2019 are included in the FDIC's latest Quarterly Banking Profile released today. ... The Number of Banks on the "Problem Bank List" Remained Low: The number of problem......(read more)

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