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Even if stock losses cause the Fed to delay tightening, it won't be a catastrophe for banks' future earnings, according to a study of analysts' forecasts. Margins were not expected to balloon even if the Fed did act.
August 26 -
WASHINGTON An increase in litigation costs at a few large banks and lower noninterest income led to a year-over-year decline in earnings, the Federal Deposit Insurance Corp. said Tuesday.
February 24 -
U.S. banks rebounded in the first quarter as earnings rose 6.9% from a year earlier, to $39.8 billion, and nearly two-thirds of institutions reported higher profits from a year earlier, the Federal Deposit Insurance Corp. said Wednesday.
May 27
WASHINGTON The Federal Deposit Insurance Corp. will provide an update on bank performance on Sept. 2 when it releases the Quarterly Banking Profile for the second quarter of 2015.
Banks hope to build on a strong first quarter where earnings rose 6.9% from a year earlier, boosted by a 2.6% increase in operating revenue for the same time frame. However, the average net interest margin fell to 3.02% from 3.16% a year ago, as loans with higher yields matured and were replaced by assets with lower interest rates.
Community banks continued to outpace the industry in the first quarter with earnings growing 16.4% from the year before and it will be interesting to see if that trend continues.
The report will be released at 10:30 a.m. EST and will be followed by a presentation from FDIC Chairman Martin Gruenberg.