FDIC Schedules 2Q Report on Earnings

The Federal Deposit Insurance Corp. is expected to report second-quarter earnings for the banking and thrift industries Aug. 26.

The agency's Quarterly Banking Profile is likely to draw wide attention, in part because it will show how many institutions are on the "problem bank" list. In the first quarter there were 90 banks and thrifts with $26.3 billion of assets on the list.

The list did not include $32 billion-asset IndyMac Bancorp Inc., which collapsed July 11 in the second-largest failure in U.S. banking history.

On May 29 the FDIC reported that first-quarter net income for the banking and thrift industries dropped 46% from a year earlier, to $19.3 billion.

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER