WASHINGTON — The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22.
The industry will look to see if the positive trends of rising profits or improvements in loan quality persisted from the first three months of this year.
Bankers will also be focused on the rate of loan growth, which has recently begun decelerating.
The Quarterly Banking Profile for April to June of this year will be released at 10:30 a.m. and followed by a Q&A session with FDIC Chairman Martin Gruenberg.
The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.