WASHINGTON — Declines in mortgage-related revenue and trading income helped pull first-quarter earnings down 7.6% from the industry's profit a year earlier, the Federal Deposit Insurance Corp. said Wednesday.

Banks and thrifts earned $37.2 billion in the three-month period that ended March 31, $3.1 billion less than at the same point a year earlier. It was only the second time in 19 quarters that year-over-year earnings fell for the industry.

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