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Interest Income Drove Bank Earnings to $45B in 3Q: FDIC

NOV 29, 2016 10:30am ET

The FDIC's Quarterly Banking Profile showed positive signs across the board, including increases in net interest and noninterest income, better loan growth and a drop in noncurrent loans. Overall, 60.8% of banks were profitable allowing the industry to reach its lowest proportion of unprofitable banks since the third quarter of 1997.

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