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FDIC-Insured Institutions Earned $37.6 Billion in the Third Quarter of 2012
Posted to: Around The Web
Tuesday, December 04, 2012 4:52 AM

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Press Release FDIC-Insured Institutions Earned $37.6 Billion in the Third Quarter of 2012 Number of "Problem" Institutions Fell Below 700 for the First Time in Three Years FOR IMMEDIATE RELEASE December 4, 2012 Media Contact: Andrew Gray (202) 898-7192 Email: angray@fdic.gov   Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $37.6 billion in the third quarter of 2012, a $2.3 billion (6.6 percent) improvement from the $35.2 billion in profits the industry reported in the third quarter of 2011. This is the 13th consecutive quarter that earnings have registered a year-over-year increase. Increased noninterest income and lower provisions for loan losses accounted for most of the year-over-year


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