WASHINGTON - The rising tide of bank earnings has been lifting almost all boats, as regional differences in profitability have shrunk considerably in the past five years.

In the first half, midwestern banks had the highest annualized average return on assets, at 1.41%, according to earnings data released this week by the Federal Deposit Insurance Corp.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.