WASHINGTON — The Federal Deposit Insurance Corp. is set to release its Quarterly Banking Profile for the first three months of the year on June 1.
Bankers hope the results will show that earnings and lending continued to grow, and they will look for signs of risk in the industry.
Last year the rate of quarterly chargeoffs rose 7% compared with 2014, while loan-loss provisions rose 45.5% to $12 billion, a three-year high that might indicate banks are worried about how the oil glut might affect certain economies.
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On the one hand, the FDIC's Quarterly Banking Profile showed how normal banking is again. But there were also worrying signs, including an increase in chargeoffs, higher loan-loss provisions and fears of the impact from the energy sector.
February 23 -
U.S. bank earnings increased 5% in the third quarter from a year earlier to $40.4 billion as a few large banks recorded lower litigation expenses, the Federal Deposit Insurance Corp. said Tuesday.
November 24 -
U.S. banking earnings in the second quarter rose 7.3% from a year earlier to $43 billion as institutions enjoyed higher revenues and lower noninterest expenses, the Federal Deposit Insurance Corp. said Wednesday.
September 2
The report will be released at 10:30 a.m. Eastern Standard Time and will be followed by a Q&A session with FDIC Chairman Martin Gruenberg.