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Community bank earnings surged 28% to $4.8 billion during the fourth quarter, compared to a 7.3% decline for the industry as a whole, according to a report released Tuesday by the Federal Deposit Insurance Corp.
February 24 -
WASHINGTON An increase in litigation costs at a few large banks and lower noninterest income led to a year-over-year decline in earnings, the Federal Deposit Insurance Corp. said Tuesday.
February 24 -
Since the crisis, banks have relied on lower loan-loss provisions to make a profit. But banks actually made money in the third quarter. Here's how.
November 25
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.
