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FDIC-Insured Institutions Earned $34.7 Billion in The Fourth Quarter of 2012 - Full-Year Net Income Rises to $141.3 Billion, the Highest Since 2006
Posted to: Around The Web
Tuesday, February 26, 2013 5:48 AM

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Press Release FDIC-Insured Institutions Earned $34.7 Billion in The Fourth Quarter of 2012 Full-Year Net Income Rises to $141.3 Billion, the Highest Since 2006 FOR IMMEDIATE RELEASE February 26, 2013 Media Contact: Andrew Gray (202) 898-7192 angray@fdic.gov   Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $34.7 billion in the fourth quarter of 2012, a $9.3 billion (36.9 percent) improvement from the $25.3 billion in profits the industry reported in the fourth quarter of 2011. This is the 14th quarter in a row that earnings have registered a year-over-year increase. Increased noninterest income and lower provisions for loan losses continued to account for most of the year-over-year improvement in


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