FDIC-Insured Institutions Reported Net Income of $71.5 Billion
September 06, 2024
September 06, 2024
WASHINGTON, Sept. 6 (TNSres) -- The Federal Deposit Insurance Corporation issued the following news release on Sept. 5, 2024:
Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4 percent) from the prior quarter. A decline in noninterest expense and one-time gains on equity security transactions contributed to the . . .
Reports from 4,539 commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $71.5 billion in second quarter 2024, an increase of $7.3 billion (11.4 percent) from the prior quarter. A decline in noninterest expense and one-time gains on equity security transactions contributed to the . . .