The banking industry had its second most profitable quarter in 23 years in the April-June period, according to SNL Financial.

Aggregate net income among U.S. banks and thrifts was $40.2 billion in the second quarter, the Charlottesville, Va.-based data collector said in a report circulated Monday. That outmatched every quarter since SNL began gathering the data in 1991 except for the first quarter of 2013, when banks reported profits of $40.4 billion.

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