The earnings of the nation's 9,689 commercial banks soared again in the second quarter, to $13.78 billion, 15% more than a year earlier, the Federal Deposit Insurance Corp. reported Wednesday.

"The earnings of commercial banks have never been better," FDIC Chairman Ricki Helfer said. She said the industry could set its fifth consecutive annual record by earning more than $50 billion this year.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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