WASHINGTON — The Federal Deposit Insurance Corp. will release its industry earnings report for the second quarter on Aug. 22.
The industry will look to see if the positive trends of rising profits or improvements in loan quality persisted from the first three months of this year.
Martin Gruenberg, chairman of the Federal Deposit Insurance Corp. (FDIC), speaks during a House Financial Services Committee hearing in Washington, D.C., U.S., on Tuesday, Dec. 8, 2015. The Financial Stability Oversight Council's effort to enhance its transparency is "important," Securities and Exchange (SEC) Commissioner Mary Jo White said at the hearing. Photographer: Drew Angerer/Bloomberg *** Local Caption *** Martin Gruenberg
Drew Angerer/Bloomberg
Bankers will also be focused on the rate of loan growth, which has recently begun decelerating.
The Quarterly Banking Profile for April to June of this year will be released at 10:30 a.m. and followed by a Q&A session with FDIC Chairman Martin Gruenberg.
While banks will likely increase near-term dividend plans, analysts and investors are more focused on the long-term outlook for capital requirements from regulators.
The Financial Technology Association — which had been granted the right to defend the Consumer Financial Protection Bureau's open banking rule after the bureau declined to defend it — filed a motion Sunday to preserve the rule.
Kevin Fromer, who has headed the Financial Services Forum since 2017, announced his departure Monday. Fromer transformed the Financial Services Forum to advance the interests of the largest U.S. banks.