WASHINGTON — The Federal Deposit Insurance Corp. is scheduled to release the Quarterly Banking Profile for the first quarter of 2015 on May 27.

The quarterly report will give an update on the performance of the industry and could show an uptick after finishing 2014 on a down note. Overall earnings in the fourth quarter fell 7.3% compared to the fourth quarter of 2013 and earnings for the full year fell 1.1% compared to the previous year.

However, community banks had a banner quarter with a 28% increase in earnings for the quarter compared to the fourth quarter of 2013 and a number of one-off litigation expenses at some of the biggest banks dragged down earnings for the entire industry.

The report will be released at 10:30 a.m. EST, a half hour later than in the recent past and will be followed by a presentation from FDIC Chair Martin Gruenberg.

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